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COMPANY REGISTRATION NUMBER: 08857062

P A Arden & Son Limited

Filleted Unaudited Financial Statements

For the year ended

31 May 2025

P A Arden & Son Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 1,973,404 | 1,916,825

Current assets

Stocks | 41,500 |  | 38,000
Debtors | 5 | 315,548 |  | 228,669
Loan | 6 | – |  | 729,184
Cash at bank and in hand | 17,081 |  | 175,298
| ---------- |  | -------------
| 374,129 |  | 1,171,151

Creditors: amounts falling due within one year | 7 | 254,555 |  | 446,841
| ---------- |  | -------------
Net current assets |  | 119,574 | 724,310
|  | ------------- | -------------
Total assets less current liabilities |  | 2,092,978 | 2,641,135

Creditors: amounts falling due after more than one year | 8 |  | 107,184 | 333,419

Provisions

Taxation including deferred tax |  | 275,713 | 293,000
|  | ------------- | -------------
Net assets |  | 1,710,081 | 2,014,716
|  | ------------- | -------------

Capital and reserves

Called up share capital |  | 800 | 800
Profit and loss account |  | 1,709,281 | 2,013,916
|  | ------------- | -------------
Shareholders funds |  | 1,710,081 | 2,014,716
|  | ------------- | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

P A Arden & Son Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 15 January 2026 , and are signed on behalf of the board by:

Mr C A Arden |
Director |

Company registration number: 08857062

P A Arden & Son Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, Lincolnshire, LN1 1XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 5% straight line
| Combined heat and power unit | - | 5% straight line
| Equipment | - | 20% straight line

Land is not being depreciated.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets

| Land and buildings | Plant and machinery | Combined heat and power unit | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 June 2024 | 448,308 | 2,097,568 | 453,889 | 1,625 | 3,001,390
Additions | 184,152 | – | – | – | 184,152
| ---------- | ------------- | ---------- | ------- | -------------
At 31 May 2025 | 632,460 | 2,097,568 | 453,889 | 1,625 | 3,185,542
| ---------- | ------------- | ---------- | ------- | -------------
Depreciation |  |  |  |  |
At 1 June 2024 | – | 924,080 | 158,860 | 1,625 | 1,084,565
Charge for the year | – | 104,878 | 22,695 | – | 127,573
| ---------- | ------------- | ---------- | ------- | -------------
At 31 May 2025 | – | 1,028,958 | 181,555 | 1,625 | 1,212,138
| ---------- | ------------- | ---------- | ------- | -------------
Carrying amount |  |  |  |  |
At 31 May 2025 | 632,460 | 1,068,610 | 272,334 | – | 1,973,404
| ---------- | ------------- | ---------- | ------- | -------------
At 31 May 2024 | 448,308 | 1,173,488 | 295,029 | – | 1,916,825
| ---------- | ------------- | ---------- | ------- | -------------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 181,613 | 190,797
Other debtors | 133,935 | 37,872
| ---------- | ----------
| 315,548 | 228,669
| ---------- | ----------

6. Loan

| 2025 | 2024
| £ | £
Third party loan | – | 729,184
| ---- | ----------

During the financial year, the company wrote off a loan balance of £787,284 due from Gallant Investments Ltd. Following a comprehensive review of the recoverability of the amount, it was determined that the loan was no longer collectible. The balance has therefore been fully derecognised and recognised as an exceptional expense within the profit and loss account.
7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 215,501 | 265,858
Trade creditors | 27,284 | 47,127
Corporation tax | – | 116,018
Social security and other taxes | 5,820 | 12,137
Other creditors | 5,950 | 5,701
| ---------- | ----------
| 254,555 | 446,841
| ---------- | ----------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 107,184 | 333,419
| ---------- | ----------

Included within creditors: amounts falling due after more than one year is an amount of £8,562 (2024: £36,371) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 58,503 | 58,503
Later than 1 year and not later than 5 years | 175,509 | 175,509
Later than 5 years | 43,941 | 43,941
| ---------- | ----------
| 277,953 | 277,953
| ---------- | ----------

10. Charges on assets
A loan with an outstanding balance of £322,686 (2024: £599,279) is secured on land owned by the company.
11. Controlling party
The ultimate controlling party is PAAS Newco 1 Limited