REGISTERED NUMBER: 11116444 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

P.s. Shoreditch Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr W T Rowe

REGISTERED OFFICE:

27-31 New Inn Yard

Shoreditch

London

EC2A 3EY

REGISTERED NUMBER:

11116444 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

8,517

9,701

CURRENT ASSETS

Debtors

5

841,396

811,330

Cash at bank

209,255

-

1,050,651

811,330

CREDITORS

Amounts falling due within one year

6

(1,133,874

)

(681,039

)

NET CURRENT (LIABILITIES)/ASSETS

(83,223

)

130,291

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,706

)

139,992

CREDITORS

Amounts falling due after more than one year

7

(52,954

)

(37,745

)

NET (LIABILITIES)/ASSETS

(127,660

)

102,247

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(127,760

)

102,147

(127,660

)

102,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 September 2025 and were signed by:

Mr W T Rowe - Director

1.	STATUTORY INFORMATION

P.s. Shoreditch 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.

Turnover

Turnover 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.

Short leasehold

-

over the term of the lease

Plant and machinery

-

25% straight line

Fixtures and fittings

-

25% straight line

Computer equipment

-

25% straight line

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.

Going concern

The company has experienced increasing creditor arrears as at 31 December 2024, which have continued subsequent to the year end. The directors are actively exploring options to improve liquidity, which may include entering into a Company Voluntary Arrangement (CVA). No formal proposal has been made at the date these financial statements were authorised for issue. The directors have prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements, which indicate that the company is able to meet its obligations as they fall due, assuming successful implementation of the measures outlined above.

These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern. Nevertheless, the financial statements have been prepared on a going concern basis on the assumption that the company will be able to secure a satisfactory restructuring of its liabilities and generate sufficient cash flows to meet ongoing commitments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

9,090

10,902

8,798

19,043

47,833

Additions

-

-

805

-

805

At 31 December 2024

9,090

10,902

9,603

19,043

48,638

DEPRECIATION

At 1 January 2024

9,090

8,933

5,195

14,914

38,132

Charge for year

-

296

661

1,032

1,989

At 31 December 2024

9,090

9,229

5,856

15,946

40,121

NET BOOK VALUE

At 31 December 2024

-

1,673

3,747

3,097

8,517

At 31 December 2023

-

1,969

3,603

4,129

9,701

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

148,566

55,287

Amounts owed by group undertakings

499,748

534,994

Other debtors

193,082

221,049

841,396

811,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

29,153

47,658

Trade creditors

274,029

369,484

Taxation and social security

421,752

157,941

Other creditors

408,940

105,956

1,133,874

681,039

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

52,954

37,745

8.	RELATED PARTY DISCLOSURES

Protein Holdings ltd is considered to be key management personnel.

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 P.s. Shoreditch Ltd. for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 director of P.s. Shoreditch Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.s. Shoreditch Ltd. and state those matters that we have agreed to state to the director of P.s. Shoreditch Ltd. 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 P.s. Shoreditch Ltd. and its director for our work or for this report.

It is your duty to ensure that P.s. Shoreditch 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 loss of P.s. Shoreditch Ltd.. You consider that P.s. Shoreditch Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.s. Shoreditch 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.

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

Date: .............................................