REGISTERED NUMBER: 06344823 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Peter Skinner & Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Skinner

SECRETARY:

Stafford House Secretarial Services Limited

REGISTERED OFFICE:

The Annex

Pole House

Ide

Exeter

Devon

EX2 9RY

REGISTERED NUMBER:

06344823 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

1,074

1,610

Tangible assets

5

25

46

Investment property

6

325,000

325,000

326,099

326,656

CURRENT ASSETS

Debtors

7

27,828

32,872

Cash at bank

91,185

91,801

119,013

124,673

CREDITORS

Amounts falling due within one year

8

26,224

35,960

NET CURRENT ASSETS

92,789

88,713

TOTAL ASSETS LESS CURRENT LIABILITIES

418,888

415,369

CREDITORS

Amounts falling due after more than one year

9

(85,745

)

(92,265

)

PROVISIONS FOR LIABILITIES

(22,163

)

(22,168

)

NET ASSETS

310,980

300,936

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserve

11

66,470

66,470

Retained earnings

244,410

234,366

SHAREHOLDERS' FUNDS

310,980

300,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 March 2026 and were signed by:

P Skinner - Director

1.	STATUTORY INFORMATION

Peter Skinner & Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The director is of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover represents the fair value of the sales of services completed during the year, excluding discounts, rebates, VAT and other sales taxes or duties.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer & office equipment

-

33% on cost and 25% on reducing balance

Investment property

Investment property is initially recognised at cost and subsequently measured at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. In accordance with FRS 102 investment property is not depreciated.

Financial instruments

The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

10,722

AMORTISATION

At 1 September 2024

9,112

Charge for year

536

At 31 August 2025

9,648

NET BOOK VALUE

At 31 August 2025

1,074

At 31 August 2024

1,610

5.	TANGIBLE FIXED ASSETS

Computer

& office

equipment

£

COST

At 1 September 2024

and 31 August 2025

4,628

DEPRECIATION

At 1 September 2024

4,582

Charge for year

21

At 31 August 2025

4,603

NET BOOK VALUE

At 31 August 2025

25

At 31 August 2024

46

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

325,000

NET BOOK VALUE

At 31 August 2025

325,000

At 31 August 2024

325,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2022

88,627

Cost

236,373

325,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

236,373

236,373

The investment property was valued on an open market basis on 31 March 2022 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,876

Amounts recoverable on contract

16,811

23,438

Directors' current accounts

5,833

-

Prepayments and accrued income

5,184

7,558

27,828

32,872

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,385

7,329

Tax

11,402

10,350

VAT

4,729

7,406

Directors' current accounts

-

2,906

Accruals and deferred income

2,708

7,969

26,224

35,960

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank Loans - Amounts repayable

in more than one year but not

more than five years

32,839

31,771

Bank loans - Amounts repayable

in more than 5 years

52,906

60,494

85,745

92,265

A loan of £70,000 was drawn down on 1 December 2015. The loan carries interest at the rate of 0.5% over Lloyds Bank plc's base rate. The loan is repayable in 240 monthly instalments and will be fully repaid by December 2035.

An additional loan of £100,000 was drawn down on 1 December 2015. The loan carries interest at 3.2% and is repayable in 240 monthly instalments. The loan will be fully repayable by December 2035.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

93,130

99,594

The company loans are secured under a fixed and floating charge over the company's assets.

11.

RESERVES

Undistributable

reserve

£

At 1 September 2024

and 31 August 2025

66,470

12.	RELATED PARTY DISCLOSURES

The company was under the control of Mr P Skinner throughout the year. Mr Skinner is the majority shareholder and, together with his wife, owns 100% of the issued share capital of the company.

During the year dividends totalling £35,000 (2024: £39,740) were paid to Mr Skinner and his wife. The balance due from them to the company as at 31 August 2025 was £5,833 (2024: £2,906 due to them from the company). The overdrawn balance was repaid within 9 months of the year end.