REGISTERED NUMBER: 03180267 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

P R M Property Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

P A R Matthews

Mrs A J Matthews

Secretary:

Mrs A J Matthews

Registered office:

The Office

Ffordd Pentre Bach

Nercwys

Mold

Flintshire

CH7 4EG

Registered number:

03180267 (England and Wales)

Accountants:

Ridgway and Company

The Office,

Ffordd Pentre Bach,

Nercwys.

Mold

Flintshire

CH7 4EG

FIXED ASSETS

Property, plant and equipment

4

592,050

459,054

Investment property

5

8,055,000

7,415,000

8,647,050

7,874,054

CURRENT ASSETS

Debtors

6

38,704

18,234

Cash at bank

131,165

245,889

169,869

264,123

CREDITORS

Amounts falling due within one year

7

59,499

257,172

NET CURRENT ASSETS

110,370

6,951

TOTAL ASSETS LESS CURRENT LIABILITIES

8,757,420

7,881,005

CREDITORS

Amounts falling due after more than one year

8

(3,529,922

)

(3,208,984

)

PROVISIONS FOR LIABILITIES

(1,143,172

)

(977,671

)

NET ASSETS

4,084,326

3,694,350

CAPITAL AND RESERVES

Called up share capital

10

102

102

Reserve - Wear & Tear

106,854

106,854

Fair value reserve

11

3,350,850

2,870,850

Retained earnings

626,520

716,544

SHAREHOLDERS' FUNDS

4,084,326

3,694,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

P A R Matthews - Director

1.	STATUTORY INFORMATION

P R M Property Limited 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.

TURNOVER

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

4% on cost

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION

Taxation for the year 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 year 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

693,315

4,523

-

4,398

702,236

Additions

140,931

834

27,323

-

169,088

At 31 March 2025

834,246

5,357

27,323

4,398

871,324

DEPRECIATION

At 1 April 2024

237,235

1,983

-

3,964

243,182

Charge for year

33,370

337

2,277

108

36,092

At 31 March 2025

270,605

2,320

2,277

4,072

279,274

NET BOOK VALUE

At 31 March 2025

563,641

3,037

25,046

326

592,050

At 31 March 2024

456,080

2,540

-

434

459,054

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

7,415,000

Fair value increase

640,000

At 31 March 2025

8,055,000

NET BOOK VALUE

At 31 March 2025

8,055,000

At 31 March 2024

7,415,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

8,055,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

24,761

1,482

Other debtors

12,500

2,000

Prepayments and accrued income

1,443

14,752

38,704

18,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

2,582

3,385

Trade creditors

11,303

168,818

Taxation and social security

2,623

(2,674

)

Other creditors

42,991

87,643

59,499

257,172

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,529,922

3,208,984

The bank loans are secured by a first mortgage debenture over freehold property held by P R M Property Limited and by a fixed charge over it's freehold property and a floating charge over book and other debts, both present and future.

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

3,529,922

3,208,984

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

1

2

2

50

B Ordinary

1

50

50

50

C Ordinary

1

50

50

102

102

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,870,850

Fair value increase

640,000

Deferred tax

(160,000

)

At 31 March 2025

3,350,850