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REGISTERED NUMBER: 04258741 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PICCADILLY GARAGE LTD

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 August 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Statement of Income and Retained Earnings | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 5 |

PICCADILLY GARAGE LTD

COMPANY INFORMATION

for the Year Ended 31 August 2025

| DIRECTORS: | Mr J E Greenan

| Mrs G Greenan

| SECRETARY: | Mrs G Greenan

| REGISTERED OFFICE: | 95 King Street

| Lancaster

| Lancashire

| LA1 1RH

| REGISTERED NUMBER: | 04258741 (England and Wales)

| ACCOUNTANTS: | Taylor, Robertson & Willett Ltd

| 95 King Street

| Lancaster

| Lancashire

| LA1 1RH

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

REPORT OF THE DIRECTORS

for the Year Ended 31 August 2025

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 will be £ 6,000 .

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 September 2024 to the date of this report.

The beneficial interests of the directors holding office at 31 August 2025 in the shares of the company, according to the register of directors' interests, were as follows:

| 31.8.25 |  | 1.9.24

Ordinary shares of £1 each

Mr J E Greenan | 50 |  | 50 |  |

Mrs G Greenan | 50 |  | 50 |  |

These directors did not hold any non-beneficial interests in the shares of the company.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

Mrs G Greenan - Secretary

15 December 2025

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

STATEMENT OF INCOME AND RETAINED EARNINGS

for the Year Ended 31 August 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 118,213 |  | 128,868 |  |

Cost of sales | 33,105 |  | 30,168 |  |

GROSS PROFIT | 85,108 |  | 98,700 |  |

Administrative expenses | 48,197 |  | 64,079 |  |

36,911 |  | 34,621 |  |

Other operating income | 10,000 |  | 10,000 |  |

OPERATING PROFIT | 4 | 46,911 |  | 44,621 |  |

Interest receivable and similar income | 644 |  | 250 |  |

PROFIT BEFORE TAXATION | 47,555 |  | 44,871 |  |

Tax on profit | 9,214 |  | 8,763 |  |

PROFIT FOR THE FINANCIAL YEAR | 38,341 |  | 36,108 |  |

Retained earnings at beginning of year | 437,545 |  | 413,437 |  |

Dividends | (6,000 | ) | (12,000 | ) |

RETAINED EARNINGS AT END OF YEAR | 469,886 |  | 437,545 |  |

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

BALANCE SHEET

31 August 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 417,766 |  | 417,401 |  |

Investments | 7 | 1 |  | 1 |  |

417,767 |  | 417,402 |  |

CURRENT ASSETS

Stocks | 924 |  | 900 |  |

Debtors | 8 | 471 |  | 3,764 |  |

Cash at bank and in hand | 67,013 |  | 33,897 |  |

68,408 |  | 38,561 |  |

CREDITORS

Amounts falling due within one year | 9 | 16,189 |  | 18,318 |  |

NET CURRENT ASSETS | 52,219 |  | 20,243 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 469,986 |  | 437,645 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 469,886 |  | 437,545 |  |

SHAREHOLDERS' FUNDS | 469,986 |  | 437,645 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mr J E Greenan - Director

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Piccadilly Garage 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill has been fully amortised.

| 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.

| Freehold property | - | not provided

| Plant and machinery | - | at variable rates on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 August 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 1,230 |  | 1,328 |  |

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 12,500 |  |

| AMORTISATION

| At 1 September 2024

| and 31 August 2025 | 12,500 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 31 August 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024 | 411,236 |  | 43,891 |  | 300 |  | 455,427 |  |

| Additions | - |  | 1,595 |  | - |  | 1,595 |  |

| At 31 August 2025 | 411,236 |  | 45,486 |  | 300 |  | 457,022 |  |

| DEPRECIATION

| At 1 September 2024 | - |  | 37,884 |  | 142 |  | 38,026 |  |

| Charge for year | - |  | 1,190 |  | 40 |  | 1,230 |  |

| At 31 August 2025 | - |  | 39,074 |  | 182 |  | 39,256 |  |

| NET BOOK VALUE

| At 31 August 2025 | 411,236 |  | 6,412 |  | 118 |  | 417,766 |  |

| At 31 August 2024 | 411,236 |  | 6,007 |  | 158 |  | 417,401 |  |

PICCADILLY GARAGE LTD (REGISTERED NUMBER: 04258741)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 August 2025

7. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 1 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1 |  |

| At 31 August 2024 | 1 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 462 |  | 1,979 |  |

| Other debtors | 9 |  | 1,785 |  |

471 |  | 3,764 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 3,414 |  | 4,611 |  |

| Taxation and social security | 10,454 |  | 8,801 |  |

| Other creditors | 2,321 |  | 4,906 |  |

16,189 |  | 18,318 |  |