REGISTERED NUMBER: 13043121 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Fernleigh Chichester Limited

Previously known as

PYO UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Cottrell

T W Beard

A J Sole

J A Cottrell

REGISTERED OFFICE:

The Old Stables

Sutton Manor Farm

Bishop's Sutton

Hampshire

SO24 0AA

REGISTERED NUMBER:

13043121 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

156,032

167,688

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

5

1,138

3,731

Cash at bank and in hand

25,293

11,425

27,931

16,656

CREDITORS

Amounts falling due within one year

6

555,970

402,726

NET CURRENT LIABILITIES

(528,039

)

(386,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(372,007

)

(218,382

)

CREDITORS

Amounts falling due after more than one year

7

(8,913

)

(11,969

)

PROVISIONS FOR LIABILITIES

8

(11,707

)

(12,785

)

NET LIABILITIES

(392,627

)

(243,136

)

CAPITAL AND RESERVES

Called up share capital

9

300

300

Retained earnings

(392,927

)

(243,436

)

SHAREHOLDERS' FUNDS

(392,627

)

(243,136

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

N D Cottrell - Director

1.	STATUTORY INFORMATION

Fernleigh Chichester 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.

The directors consider the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The directors have confirmed that they will continue to support the company and will not recall their loans if it would render the company unable to pay its liabilities as they fall due.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost

Plant and machinery

-

25% reducing balance basis

Motor vehicles

-

25% reducing balance basis

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

119,630

122,644

16,900

795

259,969

Additions

-

14,331

-

732

15,063

At 30 November 2025

119,630

136,975

16,900

1,527

275,032

DEPRECIATION

At 1 December 2024

19,233

68,276

4,225

547

92,281

Charge for year

5,982

17,175

3,169

393

26,719

At 30 November 2025

25,215

85,451

7,394

940

119,000

NET BOOK VALUE

At 30 November 2025

94,415

51,524

9,506

587

156,032

At 30 November 2024

100,397

54,368

12,675

248

167,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

and 30 November 2025

16,900

DEPRECIATION

At 1 December 2024

4,225

Charge for year

3,169

At 30 November 2025

7,394

NET BOOK VALUE

At 30 November 2025

9,506

At 30 November 2024

12,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,138

320

Other debtors

-

100

VAT

-

3,219

Prepayments

-

92

1,138

3,731

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

418

-

Hire purchase contracts

3,056

3,056

Trade creditors

16,925

6,906

Social security and other taxes

3,953

425

VAT

6,663

-

Other creditors

1,218

49,482

Cottrell Properties Ltd

39,181

-

Global Employment Group Ltd

42,615

-

Directors' current accounts

439,912

341,757

Accrued expenses

2,029

1,100

555,970

402,726

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,913

11,969

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

11,707

12,785

Deferred

tax

£

Balance at 1 December 2024

12,785

Accelerated capital allowances

(1,078

)

Balance at 30 November 2025

11,707

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary 'A'

£1

100

100

100

Ordinary 'B'

£1

100

100

100

Ordinary 'C'

£1

100

100

300

300

The Ordinary 'A' shares, Ordinary 'B' shares and Ordinary 'C' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

10.	RELATED PARTY DISCLOSURES

Mr N D Cottrell

Director

At the balance sheet date the company owed Mr N D Cottrell £439,912 (2024 - £341,757).

Cottrell Properties Ltd

Mr J A Cottrell is a director

At the balance sheet date the company owed Cottrell Properties Ltd £39,181 (2024 - £nil).

Global Employment Group Ltd

Mr N D Cottrell, Mr J A Cottrell, Mr T W Beard and Mr A J Sole are directors

At the balance sheet date the company owed Global Employment Group Ltd £42,615 (2024 - £nil).

11.	ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of Mr N D Cottrell.