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Company No: 15851469 (England and Wales)

# THE YARE PH LIMITED

### Unaudited Financial Statements
For the financial period from 22 July 2024 to 30 September 2025
Pages for filing with the registrar

THE YARE PH LIMITED

## Unaudited Financial Statements

For the financial period from 22 July 2024 to 30 September 2025

Contents

THE YARE PH LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 September 2025
THE YARE PH LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2025

| Note | 30.09.2025
|  | £
Fixed assets |  |
Intangible assets | 3 | 5
Tangible assets | 4 | 531,110
|  | 531,115
Current assets |  |
Stocks |  | 20,036
Debtors | 5 | 29,182
Cash at bank and in hand |  | 7,761
|  | 56,979
Creditors: amounts falling due within one year | 6 | ( 104,705)
Net current liabilities |  | (47,726)
Total assets less current liabilities |  | 483,389
Creditors: amounts falling due after more than one year | 7 | ( 500,000)
Provision for liabilities |  | ( 861)
Net liabilities |  | ( 17,472)
Capital and reserves |  |
Called-up share capital |  | 2
Profit and loss account |  | ( 17,474 )
Total shareholder's deficit |  | ( 17,472)

For the financial period ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of The Yare PH Limited (registered number: 15851469) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Clive Richardson Director |

21 April 2026

THE YARE PH LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 July 2024 to 30 September 2025
THE YARE PH LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 July 2024 to 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

The Yare PH Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom. The principal place of business is Station Rd, Brundall, Norwich, NR13 5PL.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £17,472. The Company is supported through loans from the directors and from the Parent Company. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

These financial statements represent the company’s first reporting period, covering the period from the date of incorporation on 22 July 2024 to 30 September 2025.
The reporting period is therefore 14 months and 9 days.
As these are the first financial statements of the company, there are no comparative figures.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill acquired is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| Period from 22.07.2024 to 30.09.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 23

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 22 July 2024 | 0 |  | 0
Additions | 7 |  | 7
At 30 September 2025 | 7 |  | 7
Accumulated amortisation |  |  |
At 22 July 2024 | 0 |  | 0
Charge for the financial period | 2 |  | 2
At 30 September 2025 | 2 |  | 2
Net book value |  |  |
At 30 September 2025 | 5 |  | 5

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 22 July 2024 | 0 |  | 0 |  | 0
Additions | 537,956 |  | 6,447 |  | 544,403
At 30 September 2025 | 537,956 |  | 6,447 |  | 544,403
Accumulated depreciation |  |  |  |  |
At 22 July 2024 | 0 |  | 0 |  | 0
Charge for the financial period | 12,552 |  | 741 |  | 13,293
At 30 September 2025 | 12,552 |  | 741 |  | 13,293
Net book value |  |  |  |  |
At 30 September 2025 | 525,404 |  | 5,706 |  | 531,110

#### 5. Debtors

| 30.09.2025
| £
Trade debtors | 254
Prepayments | 16,794
VAT recoverable | 12,134
| 29,182

#### 6. Creditors: amounts falling due within one year

| 30.09.2025
| £
Trade creditors | 21,000
Amounts owed to Parent undertakings | 22,962
Amounts owed to directors | 44,832
Accruals | 7,196
Other taxation and social security | 6,453
Other creditors | 2,262
| 104,705

#### 7. Creditors: amounts falling due after more than one year

| 30.09.2025
| £
Other creditors | 500,000

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 30.09.2025
| £
Unpaid contributions due to the fund (inc. in other creditors) | 763

#### 9. Related party transactions

At the year end the Directors were owed £44,832 which is repayable within one year. No interest is charged on the amount outstanding.
The company has taken advantage of the exemption under 33.1A, allowing wholly owned group members to depart from the requirements to disclose transactions with other group companies.