Pollards Yard Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06295797

		31 March 2025		31 March 2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks and work in progress	4	870,778		540,707
Debtors	5	26,510		2,569
Cash at bank and in hand		2,778		199,412

		900,066		742,688
Creditors: Amounts Falling Due Within One Year	6	(699,710 )		(478,195 )

NET CURRENT ASSETS (LIABILITIES)			200,356		264,493

TOTAL ASSETS LESS CURRENT LIABILITIES			200,356		264,493

Creditors: Amounts Falling Due After More Than One Year	7		(2,636 )		(13,258 )

NET ASSETS			197,720		251,235

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			197,718		251,233

SHAREHOLDERS' FUNDS			197,720		251,235

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Pollards Yard Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs L Middleton-Smith

Director

27th November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pollards Yard Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06295797 . The registered office is Haydon Barn, Haydon, Taunton, Somerset, TA3 5AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.3. Financial Instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;

Bank loans; and

Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.

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Pollards Yard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Stocks and work in progress

	31 March 2025	31 March 2024
	£	£
Work in progress	870,778	540,707

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	26,510	2,569

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Pollards Yard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	122,847	-
Bank loans and overdrafts	10,441	10,000
Other creditors	566,404	468,163
Taxation and social security	18	32

	699,710	478,195

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	2,636	13,258

8. Share Capital

	31 March 2025	31 March 2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

9. Related Party Transactions

Included in other creditors is a loan of £510,295 (2024: £462,254) from a company under common control. The loan is subect to interest at 7% pa and is repayable on demand.

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