Company registration number 08157919 (England and Wales)
LIZ PICHON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
LIZ PICHON LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LIZ PICHON LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
91,508
105,173
Investments
4
5,001
5,001
96,509
110,174
Current assets
Debtors
5
253,425
215,466
Cash at bank and in hand
129,369
222,923
382,794
438,389
Creditors: amounts falling due within one year
6
(160,211)
(213,830)
Net current assets
222,583
224,559
Total assets less current liabilities
319,092
334,733
Provisions for liabilities
(4,946)
(6,160)
Net assets
314,146
328,573
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
314,046
328,473
Total equity
314,146
328,573

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 2 January 2026 and are signed on its behalf by:
Ms L Pichon
Mr M Flannery
Director
Director
Company Registration No. 08157919
LIZ PICHON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

LIZ PICHON LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor Hathaway House, Popes Drive, Finchley, London, N3 1QF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Turnover is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10% Reducing Balance
Computer equipment
25% Straight Line
1.4
Fixed asset investments

Investments are included at fair value.

1.5
Impairment of fixed assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered a material impairment loss. If a material impairment loss arises then it is recognised in the profit and loss account or against the revaluation reserve if the asset has been revalued.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

LIZ PICHON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

The tax expense represents tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 August 2024
145,888
69,994
215,882
Additions
2,291
5,721
8,012
Disposals
-
0
(2,498)
(2,498)
At 31 July 2025
148,179
73,217
221,396
Depreciation and impairment
At 1 August 2024
68,070
42,639
110,709
Depreciation charged in the year
8,011
13,666
21,677
Eliminated in respect of disposals
-
0
(2,498)
(2,498)
At 31 July 2025
76,081
53,807
129,888
Carrying amount
At 31 July 2025
72,098
19,410
91,508
At 31 July 2024
77,818
27,355
105,173
LIZ PICHON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
5,001
5,001
Fixed asset investments not carried at market value

Fixed Asset Investments are included in the accounts at cost which the directors believe is it's fair value.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
253,425
215,466
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
136,341
177,333
Other taxation and social security
2,972
13,363
Other creditors
20,898
23,134
160,211
213,830
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