Page 77 - Pobl Annual Report FY25

Annual Report 2025 75
Notes to the Financial Statements
for the year ended 31 March 2025
1.1 General Information
Pobl Group Limited is a Co-operative and Community Benefit Society incorporated in Wales. Its registered office
address is disclosed in Note 33.
Pobl Group Limited is incorporated under the Co-operative and Community Benefit Societies Act 2014 and is
registered with the Welsh Government. The Directors consider that Pobl Group Limited is a Public Benefit Entity as
defined by FRS 102, and it applies the relevant paragraphs prefixed ‘PBE’ in FRS102. A Public Benefit Entity is an
entity whose primary objective is to provide goods or services for the general public, community or social benefits
and where any equity is provided with a view to supporting the entity’s primary objectives rather than with a view to
producing a financial return to equity providers, shareholders or members.
1.2 Statement of Compliance
The financial statements have been prepared in accordance with Financial Reporting Standard 102 (“FRS 102”)
(updated December 2018) as it applies to the financial statements of the Group and Company for the year ended 31
March 2025. The financial statements comply with the Statement of Recommended Practice for social housing
providers 2018 (the “Housing SORP 2018”) and The Accounting Requirements for Registered Social Landlords
General Determination (Wales) 2015.
FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been
complied with, including notification of and no objection to, the use of exemptions by the Company’s shareholders.
Note 36 provides details of the subsidiary companies that are included in the consolidated Group.
1. Accounting Policies