Peter Holmes Associates Limited

Registered number

10787540

Filleted Accounts

31 May 2025

Peter Holmes Associates Limited
Registered number:		10787540
Balance Sheet
as at 31 May 2025

	Notes		2025		2024
			£		£
Fixed assets
Tangible assets	3		683		1,189

Current assets
Debtors	4	7,839		441
Cash at bank and in hand		55,881		82,371
		63,720		82,812

Creditors: amounts falling due within one year	5	(56,788)		(63,284)

Net current assets			6,932		19,528

Net assets			7,615		20,717

Capital and reserves
Called up share capital			100		100
Profit and loss account			7,515		20,617

Shareholders' funds			7,615		20,717

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Freya Holmes
Director
Approved by the board on 29 December 2025

Peter Holmes Associates Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	IT Equipment		33.3% SLM
	Plant and machinery		25% RBM
	Fixtures, fittings, tools and equipment		25% RBM

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.




	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025	2024
				Number	Number

	Average number of persons employed by the company			2	2


3	Tangible fixed assets
		IT Equipment	Plant and machinery etc	Fixture & Fittings	Total
		£	£	£	£
	Cost
	At 1 June 2024	3,054	384	5,333	8,771
	At 31 May 2025	3,054	384	5,333	8,771

	Depreciation
	At 1 June 2024	2,843	317	4,422	7,582
	Charge for the year	211	67	228	506
	At 31 May 2025	3,054	384	4,650	8,088

	Net book value
	At 31 May 2025	-	-	683	683
	At 31 May 2024	211	67	911	1,189








4	Debtors			2025	2024
				£	£

	Trade debtors			5,689	-
	Accrued Income			1,800	-
	Prepayments			350	441
				7,839	441


5	Creditors: amounts falling due within one year			2025	2024
				£	£

	Directors' current accounts			41,005	39,984
	Taxation and social security costs			14,263	13,688
	Accruals			1,520	9,612
				56,788	63,284

6	Director's transactions
	The directors operate a joint loan account with the company on an interest free basis. At the beginning of the year the director were owed £39,984 by the company. During the year aggregate advances of £49,980 were made to the directors on account of a dividend of £50,000 and expenses of £1,001 they incurred on the company's behalf. At the end of the year the directors were owed £41,005 by the company

6	Other information

	Peter Holmes Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Accountax House
	420a Streatham High Road
	Streatham
	London
	SW16 3SN