Company No: 15836756 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	1,650,717		1,650,590
		1,650,717		1,650,590
Current assets
Debtors	4	10,470		119,599
Cash at bank and in hand		45,741		5,309
		56,211		124,908
Creditors: amounts falling due within one year	5	( 47,119)		( 35,268)
Net current assets		9,092		89,640
Total assets less current liabilities		1,659,809		1,740,230
Net assets		1,659,809		1,740,230
Capital and reserves
Called-up share capital		1,650,100		1,650,100
Profit and loss account		9,709		90,130
Total shareholders' funds		1,659,809		1,740,230

For the financial year ending 30 June 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of PGR Properties 2024 Ltd (registered number: 15836756) were approved and authorised for issue by the Board of Directors on 21 October 2026. They were signed on its behalf by:

Mr G M Reid Director

Mrs P A Reid Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PGR Properties 2024 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24 Netherton Road, Weymouth, DT4 8SB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		3

Introduction of 4th salary for director

3. Investment property

	Investment property
	£
Valuation
As at 01 July 2025	1,650,590
Additions	127
As at 30 June 2026	1,650,717

4. Debtors

	2026		2025
	£		£
Other debtors	10,470		119,599

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Taxation and social security	27,109		30,782
Other creditors	20,010		4,486
	47,119		35,268

6. Related party transactions

Other related party transactions

The Directors loan accounts are repayable on demand, and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 12 July 2025 the balance owed by Mr G M & Mrs P A Reid was £115,093. During the year, the company made advances to directors amounting to £69,017 and received repayments of £184,110, leaving a balance due from the directors of £nil.

At 12 July 2024 the balance owed from the Mr G M & Mrs P A Reid was £nil. During the year, the company made advances to directors amounting to £117,818 and received repayments of £2,725, leaving a balance due from the directors of £115,093.

Mr E Jenkins became a director on 2 February and had amounts outstanding to the company of £7,000 at that date. During the year, the company made advances to the director amounting to £1,400 and received repayments of £nil, leaving a balance due from the director of £8,400.