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Company No: 16349717 (England and Wales)

# PHILIP LEE SERVICES LTD

### Unaudited Financial Statements
For the financial period from 28 March 2025 to 31 December 2025
Pages for filing with the registrar

PHILIP LEE SERVICES LTD

## Unaudited Financial Statements

For the financial period from 28 March 2025 to 31 December 2025

Contents

PHILIP LEE SERVICES LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
PHILIP LEE SERVICES LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 31.12.2025
|  | £
Current assets |  |
Debtors | 3 | 8,771
Cash at bank and in hand |  | 11,934
|  | 20,705
Creditors: amounts falling due within one year | 4 | ( 28,410)
Net current liabilities |  | (7,705)
Total assets less current liabilities |  | (7,705)
Net liabilities |  | ( 7,705)
Capital and reserves |  |
Called-up share capital | 5 | 1
Profit and loss account |  | ( 7,706 )
Total shareholder's deficit |  | ( 7,705)

For the financial period ending 31 December 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 member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Philip Lee Services LTD (registered number: 16349717) were approved and authorised for issue by the Director on 21 April 2026. They were signed on its behalf by:

Jonathan Daniel Kelly Director |

PHILIP LEE SERVICES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 March 2025 to 31 December 2025
PHILIP LEE SERVICES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 March 2025 to 31 December 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

Philip Lee Services LTD (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 Floor 30 The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £8,184. The Company is supported by financial support from its related company in Ireland, which leads the UK based projects for which the Company provides staff. The director has obtained confirmation that this support, in the form of ongoing reimbursements, will continue to be made available for a period of at least 12 months from the date of signing these financial statements.Having considered these assurances, and after making enquiries, the director is satisfied that the Company will have adequate resources to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

Reporting period length is from the date of incorporation on 28 March 2025 to 31 December 2025.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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

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.

##### 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Period from 28.03.2025 to 31.12.2025
| Number
Monthly average number of persons employed by the Company during the period, including the director | 2

#### 3. Debtors

| 31.12.2025
| £
Amounts owed by Parent undertakings | 1
Deferred tax asset | 2,569
VAT recoverable | 6,201
| 8,771

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

| 31.12.2025
| £
Trade creditors | 2,391
Accruals | 11,678
Other taxation and social security | 9,583
Other creditors | 4,758
| 28,410

#### 5. Called-up share capital

| 31.12.2025
| £
Allotted, called-up and fully-paid |
1 Ordinary share of £ 1.00 | 1