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REGISTERED NUMBER: 03664010 (England and Wales)

| PHIL ADDY ASSOCIATES LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| PHIL ADDY ASSOCIATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | P S Addy

| P R Watson

| SECRETARY: | P R Watson

| REGISTERED OFFICE: | The Old Coach House

| 1 Campbell Street

| Stanningley

| Leeds

| West Yorkshire

| LS28 6DP

| REGISTERED NUMBER: | 03664010 (England and Wales)

| ACCOUNTANTS: | UHY BPR Heaton

| Chartered Accountants

| Glenewes House

| Gate Way Drive

| Leeds

| West Yorkshire

| LS19 7XY

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,535 |  | 1,675 |  |

Investment property | 5 | 120,000 |  | 120,000 |  |

122,535 |  | 121,675 |  |

CURRENT ASSETS

Debtors | 6 | 138,515 |  | 53,232 |  |

Cash at bank and in hand | 467,505 |  | 539,715 |  |

606,020 |  | 592,947 |  |

CREDITORS

Amounts falling due within one year | 7 | 102,828 |  | 106,065 |  |

NET CURRENT ASSETS | 503,192 |  | 486,882 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 625,727 |  | 608,557 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,667 | ) | (11,667 | ) |

PROVISIONS FOR LIABILITIES | (2,846 | ) | (2,846 | ) |

NET ASSETS | 621,214 |  | 594,044 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Non-distributable reserve | 48,871 |  | 48,871 |  |

Retained earnings | 571,343 |  | 544,173 |  |

SHAREHOLDERS' FUNDS | 621,214 |  | 594,044 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

BALANCE SHEET - continued

31 MARCH 2025

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 20 August 2025 and were signed on its behalf by:

P S Addy - Director

P R Watson - Director

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Phil Addy Associates 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 as modified by the revaluation of certain assets.

| The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

| Turnover and income recognition

| Turnover represents the fair value of commission income and fees earned in the year where the right to consideration has been obtained through performance, net of any value added tax where applicable.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Fixtures and equipment | - | 20% on cost

| Investment property

| Investment properties are initially measured at cost and then remeasured at fair value with any revaluation increase or decrease recognised in profit or loss.

| The fair value is based on the director's valuation and is arrived at having given consideration to the selling price of similar properties.

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

| Basic financial instruments

| Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

| Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

| Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

| Impairment

| At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

| Other financial instruments

| The company does not have any financial instruments that would not be classed as 'basic'.

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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 makes pension contributions under the auto-enrolment regime and also makes contributions to the director's personal pension scheme. Contributions payable are charged to the profit and loss account in the period to which they relate.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 3,544 |  |

| Additions | 1,672 |  |

| At 31 March 2025 | 5,216 |  |

| DEPRECIATION

| At 1 April 2024 | 1,869 |  |

| Charge for year | 812 |  |

| At 31 March 2025 | 2,681 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,535 |  |

| At 31 March 2024 | 1,675 |  |

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 120,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 120,000 |  |

| At 31 March 2024 | 120,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2018 | 31,717 |  |

| Valuation in 2021 | 20,000 |  |

| Cost | 68,283 |  |

120,000 |  |

| The investment property is valued at £120,000 by the directors at 31 March 2025 based on current market conditions.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 125,316 |  | 48,578 |  |

| Other debtors | 13,199 |  | 4,654 |  |

138,515 |  | 53,232 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,020 |  | 10,046 |  |

| Trade creditors | 11,746 |  | 3,486 |  |

| Taxation and social security | 67,725 |  | 75,109 |  |

| Other creditors | 13,337 |  | 17,424 |  |

102,828 |  | 106,065 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 1,667 |  | 11,667 |  |

PHIL ADDY ASSOCIATES LIMITED (REGISTERED NUMBER: 03664010) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 12,430 |  | 4,166 |  |

| Between one and five years | 30,000 |  | 2,430 |  |

42,430 |  | 6,596 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 11,687 |  | 21,713 |  |

| The bank loans are secured over the investment property and other assets of the company.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year the company made an advance to a director of £8,521. The balance outstanding at 31 March 2025 was £8,521 (2024: £NIL).