REGISTERED NUMBER: 01922552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PHIPPS (GROUP) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R D Phipps

J E Phipps

SECRETARY:

J E Phipps

REGISTERED OFFICE:

Unit 3 Quadrant Centre

Quedgeley

Hardwicke

Gloucester

Gloucestershire

GL2 2RN

REGISTERED NUMBER:

01922552 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

-

180,431

CURRENT ASSETS

Debtors

5

18,519

647

Cash at bank

69,766

20,405

88,285

21,052

CREDITORS

Amounts falling due within one year

6

32,654

180,350

NET CURRENT ASSETS/(LIABILITIES)

55,631

(159,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,631

21,133

CREDITORS

Amounts falling due after more than one year

7

-

16,597

NET ASSETS

55,631

4,536

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

55,531

4,436

SHAREHOLDERS' FUNDS

55,631

4,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

R D Phipps - Director

1.	STATUTORY INFORMATION

Phipps (Group) 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.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Office equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Long

Plant and

and

Office

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 July 2024

195,064

2,362

8,895

1,685

208,006

Disposals

(195,064

)

(2,362

)

(8,895

)

(1,685

)

(208,006

)

At 30 June 2025

-

-

-

-

-

Depreciation

At 1 July 2024

14,633

2,362

8,895

1,685

27,575

Eliminated on disposal

(14,633

)

(2,362

)

(8,895

)

(1,685

)

(27,575

)

At 30 June 2025

-

-

-

-

-

Net book value

At 30 June 2025

-

-

-

-

-

At 30 June 2024

180,431

-

-

-

180,431

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

18,519

647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

7,499

Trade creditors

180

-

Taxation and social security

178

2,202

Other creditors

32,296

170,649

32,654

180,350

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

16,597

8.	RELATED PARTY DISCLOSURES