REGISTERED NUMBER: 04572771 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PALMERS (ISLE OF WIGHT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T P Rogers

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

04572771 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

1,667,735

18,786

CURRENT ASSETS

Stocks

-

1,297,845

Debtors

5

34,745

-

Cash at bank

215,305

23

250,050

1,297,868

CREDITORS

Amounts falling due within one year

6

1,469,070

1,389,844

NET CURRENT LIABILITIES

(1,219,020

)

(91,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

448,715

(73,190

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

448,615

(73,290

)

448,715

(73,190

)

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 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 29 October 2025 and were signed by:

T P Rogers - Director

1.	STATUTORY INFORMATION

Palmers (Isle Of Wight) 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.

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.

Plant & machinery - 25% on reducing balance

Computer equipment - 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

-

120,337

120,337

Additions

1,616,943

53,000

1,669,943

Disposals

-

(120,337

)

(120,337

)

At 30 June 2025

1,616,943

53,000

1,669,943

DEPRECIATION

At 1 July 2024

-

101,551

101,551

Charge for year

-

2,505

2,505

Eliminated on disposal

-

(101,848

)

(101,848

)

At 30 June 2025

-

2,208

2,208

NET BOOK VALUE

At 30 June 2025

1,616,943

50,792

1,667,735

At 30 June 2024

-

18,786

18,786

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

25,000

-

VAT

9,745

-

34,745

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to parent company

59,261

103,252

Tax

155,051

1,379

Directors' current accounts

1,254,554

1,283,101

Accrued expenses

204

2,112

1,469,070

1,389,844