PRG Property Management Ltd - Accounts to registrar (filleted)

PRG PROPERTY MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST DECEMBER 2024 TO 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

R Perkins

Mrs L J Perkins

B Perkins

Ms L Perkins

REGISTERED OFFICE:

14 Park Road

Kempston

Bedford

Bedfordshire

MK42 8PA

REGISTERED NUMBER:

00728739 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

10,073

11,585

Investment property

5

2,780,000

2,790,073

2,791,585

CURRENT ASSETS

Debtors

6

65,940

54,210

Cash at bank and in hand

97,100

45,319

163,040

99,529

CREDITORS

Amounts falling due within one year

7

104,156

90,685

NET CURRENT ASSETS

58,884

8,844

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,848,957

2,800,429

PROVISIONS FOR LIABILITIES

134,948

135,125

NET ASSETS

2,714,009

2,665,304

CAPITAL AND RESERVES

Called up share capital

8,250

Non distributable reserve

1,366,405

Retained earnings

1,339,354

1,290,649

SHAREHOLDERS' FUNDS

2,714,009

2,665,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th October 2026 and were signed on its behalf by:

B Perkins - Director

1.	STATUTORY INFORMATION

PRG Property Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents rents and service recharges received from tenants of properties, stated net of value added tax.

Income received that relates to a period after the year end is treated as deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1st December 2024

and 31st March 2026

8,606

97,404

2,099

108,109

DEPRECIATION

At 1st December 2024

2,094

92,369

2,061

96,524

Charge for period

803

671

38

1,512

At 31st March 2026

2,897

93,040

2,099

98,036

NET BOOK VALUE

At 31st March 2026

5,709

4,364

-

10,073

At 30th November 2024

6,512

5,035

38

11,585

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2024

and 31st March 2026

2,780,000

NET BOOK VALUE

At 31st March 2026

2,780,000

At 30th November 2024

2,780,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2020

1,500,262

Cost

1,279,738

2,780,000

They were formally valued on 13 December 2022. The directors' considered that there was no significant change in value from the balance sheet date to the valuation performed since the year end. The investment properties original cost is £1,279,738.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

as restated

£

Trade debtors

1,500

3,605

Directors' current accounts

51,952

34,403

Recoverable S455 tax

11,611

Prepayments

877

4,591

65,940

54,210

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

as restated

£

Corporation tax

47,835

36,767

Social security and other taxes

3

1

Other creditors

13,600

Directors' current accounts

37,112

37,862

Accruals and deferred income

5,606

2,455

104,156

90,685

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2026 and the year ended 30th November 2024:

2026

2024

as restated

£

R Perkins

Balance outstanding at start of period

-

Amounts advanced

6,082

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

6,082

-

Mrs L J Perkins

Balance outstanding at start of period

34,403

-

Amounts advanced

10,877

34,403

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

45,280

34,403

Ms L Perkins

Balance outstanding at start of period

-

Amounts advanced

590

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

590

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R Perkins.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PRG Property Management Ltd for the period ended 31st March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PRG Property Management Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PRG Property Management Ltd and state those matters that we have agreed to state to the Board of Directors of PRG Property Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRG Property Management Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PRG Property Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PRG Property Management Ltd. You consider that PRG Property Management Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of PRG Property Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

13th October 2026