REGISTERED NUMBER: 07552937 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

PATRICK HILL (ENTERPRISES) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Hill

Mrs R G Hill

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

BIRMINGHAM

West Midlands

B15 1TH

REGISTERED NUMBER:

07552937 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Lloyds TSB

55 High Street

Doncaster

DN1 1BH

INCORPORATED:

7th March 2011

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

20,762

17,920

20,762

17,920

CURRENT ASSETS

Stocks

700

700

Cash at bank

21,243

15,522

21,943

16,222

CREDITORS

Amounts falling due within one year

15,250

13,322

NET CURRENT ASSETS

6,693

2,900

TOTAL ASSETS LESS CURRENT LIABILITIES

27,455

20,820

CREDITORS

Amounts falling due after more than one year

(4,009

)

(10,583

)

PROVISIONS FOR LIABILITIES

8

(3,945

)

(3,405

)

NET ASSETS

19,501

6,832

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

19,401

6,732

SHAREHOLDERS' FUNDS

19,501

6,832

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 5th January 2026 and were signed on its behalf by:

Mr J P Hill - Director

1.	STATUTORY INFORMATION

Patrick Hill (Enterprises) Ltd 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 represents net takings from sales of food during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles - 25% reducing balance

Plant and machinery - 25% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans from related parties.

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.

Leasing commitments

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

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2024

and 31st May 2025

13,000

AMORTISATION

At 1st June 2024

and 31st May 2025

13,000

NET BOOK VALUE

At 31st May 2025

-

At 31st May 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2024

35,108

Additions

9,762

At 31st May 2025

44,870

DEPRECIATION

At 1st June 2024

17,188

Charge for year

6,920

At 31st May 2025

24,108

NET BOOK VALUE

At 31st May 2025

20,762

At 31st May 2024

17,920

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

2,598

2,598

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,598

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

3,977

3,602

Between one and five years

4,009

7,985

7,986

11,587

Non-cancellable

operating leases

2025

2024

£

£

Within one year

13,306

12,096

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,945

3,405

Deferred

tax

£

Balance at 1st June 2024

3,405

Movement during the year

540

Balance at 31st May 2025

3,945

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

60

Ordinary A

£1

60

60

40

Ordinary B

£1

40

40

100

100