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Registration number: 05680262

Prepared for the registrar
Perry Bishop Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Perry Bishop Ltd

(Registration number: 05680262)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 158,474 | 184,901
Tangible assets | 5 | 74,181 | 81,369
Investments | 6 | 396,411 | 396,411
|  | 629,066 | 662,681
Current assets |  |  |
Debtors | 7 | 641,436 | 435,824
Cash at bank and in hand |  | 219,551 | 158,397
|  | 860,987 | 594,221
Creditors: Amounts falling due within one year | 8 | (587,842) | (404,735)
Net current assets |  | 273,145 | 189,486
Total assets less current liabilities |  | 902,211 | 852,167
Creditors: Amounts falling due after more than one year | 8 | (306,110) | (429,606)
Deferred tax liabilities | 10 | (4,484) | (11,542)
Net assets |  | 591,617 | 411,019
Capital and reserves |  |  |
Called up share capital |  | 780 | 780
Retained earnings |  | 590,837 | 410,239
Shareholders' funds |  | 591,617 | 411,019

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 February 2026 and signed on its behalf by:

P P Bishop
Director

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Silver Street
Cirencester
Gloucestershire
GL7 2BL

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 10% straight line
Fixtures and fittings | 10% straight line
Computer equipment | 20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10 years straight line
Branding | 10 years straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 67 (2024 - 67).

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 4 | Intangible assets

| Goodwill £ | Branding £ | Total £
Cost
At 1 July 2024 | 180,000 | 91,546 | 271,546
Additions | - | 700 | 700
At 30 June 2025 | 180,000 | 92,246 | 272,246
Amortisation
At 1 July 2024 | 64,500 | 22,145 | 86,645
Amortisation charge | 17,926 | 9,201 | 27,127
At 30 June 2025 | 82,426 | 31,346 | 113,772
Carrying amount
At 30 June 2025 | 97,574 | 60,900 | 158,474
At 30 June 2024 | 115,500 | 69,401 | 184,901

| 5 | Tangible assets

| Leasehold improvements £ | Furniture, fittings and equipment £ | Total £
Cost
At 1 July 2024 | 9,137 | 261,911 | 271,048
Additions | - | 15,814 | 15,814
Disposals | - | (4,792) | (4,792)
At 30 June 2025 | 9,137 | 272,933 | 282,070
Depreciation
At 1 July 2024 | 2,060 | 187,620 | 189,680
Charge for the year | 901 | 21,914 | 22,815
Eliminated on disposal | - | (4,606) | (4,606)
At 30 June 2025 | 2,961 | 204,928 | 207,889
Carrying amount
At 30 June 2025 | 6,176 | 68,005 | 74,181
At 30 June 2024 | 7,077 | 74,292 | 81,369

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 396,411 | 396,411

Subsidiaries | £
Cost
At 1 July 2024 | 396,411
Carrying amount
At 30 June 2025 | 396,411
At 30 June 2024 | 396,411

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Cirencester Sales And Lettings Limited | 2 Silver Street Cirencester Gloucestershire GL7 2BL | Ordinary | 100% | 100%

The aggregate amount of capital and reserves of Cirencester Sales And Lettings Limited at the end of the period was £969.

| 7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 179,522 | 81,492
Receivables from related parties | 368,783 | 285,244
Prepayments | 91,848 | 65,245
Other debtors | 1,283 | 3,843
| 641,436 | 435,824

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 86,041 | 55,636
Trade creditors |  | 107,302 | 137,998
Social security and other taxes |  | 149,972 | 99,565
Outstanding defined contribution pension costs |  | 7,890 | 241
Other payables |  | - | 1,380
Accruals |  | 102,243 | 51,020
Corporation tax liability |  | 134,394 | 58,895
|  | 587,842 | 404,735
Due after one year |  |  |
Loans and borrowings | 9 | 177,500 | 41,667
Other financial liabilities |  | 128,610 | 387,939
|  | 306,110 | 429,606

| 9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 41,666 | 45,454
Other borrowings | 44,375 | 10,182
| 86,041 | 55,636

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 41,667
Other borrowings | 177,500 | -
| 177,500 | 41,667

Perry Bishop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

| 10 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between accumulated depreciation and amortisation and capital allowances | 5,325
Short term timing differences | (841)
| 4,484

2024 | Liability £
Difference between accumulated depreciation and amortisation and capital allowances | 11,603
Short term timing differences | (61)
| 11,542

| 11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £343,140 (2024: £471,024).

| 12 | Related party transactions

At 30 June 2025, the company was owed £135,231 (2024: £285,244) from its immediate parent company, Cotswold Home Inspectors Limited. The loan is interest-free, unsecured and repayable on demand.
At 30 June 2025, the company was owed £216,680 (2024: £nil) from its ultimate parent company, Perry Bishop Holdings Limited. The loan is interest-free, unsecured and repayable on demand.
At 30 June 2025, the company was owed £16,872 (2024: £nil) from Perry Bishop Financial Services Ltd, a common under common control. The loan is interest-free, unsecured and repayable on demand.
At 30 June 2025, the company was owed £nil from the directors (2024: £10,182 owed to the directors). Interest at 7.25% was charged on this loan, it is unsecured and repayable on demand.

| 13 | Parent and ultimate parent undertaking

The company's immediate parent is Cotswold Home Inspectors Limited, incorporated in England and Wales.
The ultimate parent is Perry Bishop Holdings Limited, incorporated in England and Wales.