IRIS Accounts Production v25.2.0.378 01781547 Board of Directors 1.1.24 31.12.24 31.12.24 22/9/2025 false true false false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01781547 2023-12-31 01781547 2024-12-31 01781547 2024-01-01 2024-12-31 01781547 2022-12-31 01781547 2023-01-01 2023-12-31 01781547 2023-12-31 01781547 ns15:EnglandWales 2024-01-01 2024-12-31 01781547 ns14:PoundSterling 2024-01-01 2024-12-31 01781547 ns10:Director1 2024-01-01 2024-12-31 01781547 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01781547 ns10:SmallEntities 2024-01-01 2024-12-31 01781547 ns10:Audited 2024-01-01 2024-12-31 01781547 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 01781547 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01781547 ns10:FullAccounts 2024-01-01 2024-12-31 01781547 1 2024-01-01 2024-12-31 01781547 ns10:Director2 2024-01-01 2024-12-31 01781547 ns10:RegisteredOffice 2024-01-01 2024-12-31 01781547 ns5:CurrentFinancialInstruments 2024-12-31 01781547 ns5:CurrentFinancialInstruments 2023-12-31 01781547 ns5:ShareCapital 2024-12-31 01781547 ns5:ShareCapital 2023-12-31 01781547 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 01781547 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 01781547 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 01781547 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 01781547 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 01781547 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 01781547 ns5:PlantMachinery 2023-12-31 01781547 ns5:FurnitureFittings 2023-12-31 01781547 ns5:ComputerEquipment 2023-12-31 01781547 ns5:PlantMachinery 2024-12-31 01781547 ns5:FurnitureFittings 2024-12-31 01781547 ns5:ComputerEquipment 2024-12-31 01781547 ns5:PlantMachinery 2023-12-31 01781547 ns5:FurnitureFittings 2023-12-31 01781547 ns5:ComputerEquipment 2023-12-31 01781547 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 01781547 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 01781547 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 01781547 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 01781547 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| PIERRE HENRY UK LIMITED |

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

PIERRE HENRY UK LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | P Henry

| Ms C N R Wustendorfer

| REGISTERED OFFICE: | 50 Seymour Street

| London

| W1H 7JG

| REGISTERED NUMBER: | 01781547 (England and Wales)

| AUDITORS: | Orcom Civvals Audit Limited

| Chartered Accountants and

| Statutory Auditors

| 50 Seymour Street

| London

| W1H 7JG

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

BALANCE SHEET

31 DECEMBER 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 300 |  | 300 |  |

Tangible assets | 5 | - |  | - |  |

300 |  | 300 |  |

CURRENT ASSETS

Debtors | 6 | 407,101 |  | 386,358 |  |

Cash at bank and in hand | 64,167 |  | 194,467 |  |

471,268 |  | 580,825 |  |

CREDITORS

Amounts falling due within one year | 7 | (563,178 | ) | (665,172 | ) |

NET CURRENT LIABILITIES | (91,910 | ) | (84,347 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (91,610 | ) | (84,047 | ) |

CAPITAL AND RESERVES

Called up share capital | 30,100 |  | 30,100 |  |

Retained earnings | 8 | (121,710 | ) | (114,147 | ) |

SHAREHOLDERS' FUNDS | (91,610 | ) | (84,047 | ) |

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 Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

P Henry - Director

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Pierre Henry UK 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the Company has transferred the significant risks and rewards of ownership to the buyer;

| - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Intangible assets

| Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

| Depreciation is provided on the following basis:

| Fixtures and fittings - 33%

| Office equipment - 33%

| Computer equipment - 33%

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| 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.

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

| Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

| Pension costs and other post-retirement benefits

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

| Going concern

| The financial statements have been prepared on a going concern basis notwithstanding the Company has net liabilities of £91,610 (2023 - £84,047) at the year end. The parent company has agreed to provide financial support to the Company to the extent necessary to enable the Company to meet its obligations as they fall due for at least 12 months from the date of these financial statements.

| The directors therefore consider that the going concern basis is appropriate to the preparation of these financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 300 |  |

| NET BOOK VALUE

| At 31 December 2024 | 300 |  |

| At 31 December 2023 | 300 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Office |  | and |  | Computer |

| equipment |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 10,369 |  | 4,564 |  | 663 |  | 15,596 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | 10,369 |  | 4,564 |  | 663 |  | 15,596 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | - |  | - |  | - |  |

| At 31 December 2023 | - |  | - |  | - |  | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 236,666 |  | 282,141 |  |

| Amounts owed by group undertakings | 144,728 |  | 102,981 |  |

| Other debtors | 2,163 |  | 1,000 |  |

| Tax | 236 |  | 236 |  |

| VAT | 23,096 |  | - |  |

| Prepayments | 212 |  | - |  |

407,101 |  | 386,358 |  |

PIERRE HENRY UK LIMITED (REGISTERED NUMBER: 01781547)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 181,798 |  | 42,231 |  |

| Social security and other taxes | 516 |  | 479 |  |

| VAT | - |  | 29,055 |  |

| Other creditors | - |  | 35,426 |  |

| Accruals and deferred income | 377,455 |  | 549,544 |  |

| Accrued expenses | 3,409 |  | 8,437 |  |

563,178 |  | 665,172 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | (114,147 | ) |

| Deficit for the year | (7,563 | ) |

| At 31 December 2024 | (121,710 | ) |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Philip Jones (Senior Statutory Auditor)

| for and on behalf of Orcom Civvals Audit Limited

10. | RELATED PARTY TRANSACTIONS

| The Company has taken advantage of the exemption available under FRS 102 from the disclosures relating to transactions with other group companies.

11. | ULTIMATE CONTROLLING PARTY

| The director, Mr Pierre Henry is considered to be the ultimate controlling party by virtue of his ability to act in respect of the operational and financial policies of the company.