Page 93 - Pobl Annual Report FY25

Annual Report 2025 91
Notes to the Financial Statements
for the year ended 31 March 2025
With the exception of four subsidiaries (Pobl Living Limited, Arloes Limited, Pobl Development Limited and Tarbed Limited), the
Group companies are registered with charitable status with HMRC and benefit from Corporation Tax exemptions available to
charitable bodies. On the basis that the activities fall within their charitable purposes and that funds are applied only for these
purposes, no provision for Corporation Tax is made for those companies. In the current and prior year a provision for tax on
open market sales was made by Pobl Homes & Communities.
Group 2025 2024 Restated
£’000 £’000
Current tax 157 176
Current tax—prior year (12) (13)
Deferred tax (84) (41)
Deferred tax—prior year (46) (56)
Total tax charge 15 66
Reconciliation of effective tax rate
Surplus before tax 11,218 5,978
Taxation thereon at 25% (2024:25%). 2,805 1,472
Effects of:
Permanent differences (765) (949)
Income not taxable (2,010) (370)
Rate change - (18)
Unrecognised losses 43 -
Prior year current tax (12) (13)
Prior year deferred tax (46) (56)
Total tax charge for the year 15 66
11. Taxation