P & C Residential Services Limited - Period Ending 2025-06-30

REGISTRAR OF COMPANIES

Registration number: 04541464

P & C Residential Services Limited

Unaudited Financial Statements

30 June 2025

P & C Residential Services Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
P & C Residential Services Limited
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P & C Residential Services Limited for the year ended 30 June 2025 as set out on pages 2 to 12 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 at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of P & C Residential Services Limited, as a body, in accordance with the terms of our engagement letter dated 5 July 2022. Our work has been undertaken solely to prepare for your approval the accounts of P & C Residential Services Limited and state those matters that we have agreed to state to the Board of Directors of P & C Residential Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & C Residential Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P & C Residential Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P & C Residential Services Limited. You consider that P & C Residential Services Limited 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 accounts of P & C Residential Services Limited. 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 accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

27 August 2025

P & C Residential Services Limited

(Registration number: 04541464)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,112,516	1,265,375
Current assets
Stocks		10,794	-
Debtors	6	406,784	101,078
Cash at bank and in hand		250,804	2,291
		668,382	103,369
Creditors: Amounts falling due within one year	7	(516,093)	(646,497)
Net current assets/(liabilities)		152,289	(543,128)
Total assets less current liabilities		1,264,805	722,247
Creditors: Amounts falling due after more than one year	7	-	(15,031)
Provisions for liabilities		(71,493)	(69,380)
Net assets		1,193,312	637,836
Capital and reserves
Allotted, called up and fully paid share capital		70,002	70,002
Capital redemption reserve		330,000	330,000
Profit and loss account		793,310	237,834
Total equity		1,193,312	637,836

P & C Residential Services Limited

(Registration number: 04541464)
Balance Sheet as at 30 June 2025 (continued)

For the financial year ending 30 June 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2025 and signed on its behalf by:

.........................................

P A Carruthers

Company secretary and director

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Fairways
Branthwaite Road
WORKINGTON
CA14 4SS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

Government grants
Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.

Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% on cost
Furniture, fittings and office equipment	15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	100% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 99 (2024 - 98).

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

4	Intangible assets

Goodwill
£

Total
£

Cost or valuation

At 1 July 2024

1,000

1,000

Disposals

(1,000)

(1,000)

At 30 June 2025

-

-

Amortisation

At 1 July 2024

1,000

1,000

Amortisation eliminated on disposals

(1,000)

(1,000)

At 30 June 2025

-

-

Carrying amount

At 30 June 2025

-

-

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

5	Tangible assets

Land and buildings
£

Furniture, fittings and office equipment
£

Total
£

Cost or valuation

At 1 July 2024

1,181,209

977,045

2,158,254

Additions

15,980

83,343

99,323

Disposals

(225,896)

(205,426)

(431,322)

At 30 June 2025

971,293

854,962

1,826,255

Depreciation

At 1 July 2024

246,787

646,092

892,879

Charge for the year

18,642

55,351

73,993

Eliminated on disposal

(86,343)

(166,790)

(253,133)

At 30 June 2025

179,086

534,653

713,739

Carrying amount

At 30 June 2025

792,207

320,309

1,112,516

At 30 June 2024

934,422

330,953

1,265,375

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

6

Debtors

	2025 £	2024 £
Trade debtors	59,810	3,663
Amounts owed by group undertakings and undertakings in which the company has a participating interest	223,511	-
Other debtors	123,463	97,415
	406,784	101,078

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	94,878	151,684
Trade creditors		49,426	58,348
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	242,373
Taxation and social security		29,012	27,422
Corporation tax liability		168,344	80,234
Other creditors		174,433	86,436
		516,093	646,497
Due after one year
Other creditors		-	15,031

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

8	Loans and borrowings

2025
£

2024
£

Current loans and borrowings

Bank overdrafts

-

16,163

Other borrowings

94,878

135,521

94,878

151,684

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

2025
£

2024
£

Bank overdrafts

-

16,163

Bank overdrafts are secured by fixed and floating charges over the company's assets.

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £123,094 (2024 - £130,398).

These commitments represent operating leases for laundry equipment, kitchen equipment and office equipment.

P & C Residential Services Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

10	Related party transactions

Transactions with directors

2025	At 1 July 2024 £	Advances £	Repayments £	Other payments £	Dividends credited £	Interest £	At 30 June 2025 £
P A Carruthers
Loan	69,096	98,572	(69,496)	-	-	1,858	100,030


A R Carruthers
Loan	-	1,762	(1,146)	-	-	-	616

2024

At 1 July 2023
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 30 June 2024
£

P A Carruthers

Loan

46,424

79,400

(57,709)

-

-

981

69,096

A R Carruthers

Loan

-

171

(171)

-

-

-

-

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2.25% to 31 March 2025 and 3.75% thereafter on advances to directors where balances are over £10,000.

	Goodwill £	Total £
Cost or valuation
At 1 July 2024	1,000	1,000
Disposals	(1,000)	(1,000)
At 30 June 2025	-	-
Amortisation
At 1 July 2024	1,000	1,000
Amortisation eliminated on disposals	(1,000)	(1,000)
At 30 June 2025	-	-
Carrying amount
At 30 June 2025	-	-

	Land and buildings £	Furniture, fittings and office equipment £	Total £
Cost or valuation
At 1 July 2024	1,181,209	977,045	2,158,254
Additions	15,980	83,343	99,323
Disposals	(225,896)	(205,426)	(431,322)
At 30 June 2025	971,293	854,962	1,826,255
Depreciation
At 1 July 2024	246,787	646,092	892,879
Charge for the year	18,642	55,351	73,993
Eliminated on disposal	(86,343)	(166,790)	(253,133)
At 30 June 2025	179,086	534,653	713,739
Carrying amount
At 30 June 2025	792,207	320,309	1,112,516
At 30 June 2024	934,422	330,953	1,265,375

	2025 £	2024 £
Current loans and borrowings
Bank overdrafts	-	16,163
Other borrowings	94,878	135,521
	94,878	151,684

2024	At 1 July 2023 £	Advances £	Repayments £	Other payments £	Dividends credited £	Interest £	At 30 June 2024 £
P A Carruthers
Loan	46,424	79,400	(57,709)	-	-	981	69,096


A R Carruthers
Loan	-	171	(171)	-	-	-	-