Registration number: 07611459

P and E Yorkshire Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

P and E Yorkshire Ltd

(Registration number: 07611459)
Balance Sheet as at 31 August 2025

	Note	2025 £		2024 £
Fixed assets
Intangible assets	3		155,094		232,641
Tangible assets	4		145		289
Investment property	5		198,044		665,148
			353,283		898,078
Current assets
Stocks		311,370		290,510
Debtors	6	197,458		227,932
Cash at bank and in hand		134,417		37,273
		643,245		555,715
Creditors: Amounts falling due within one year	7	(405,691)		(854,355)
Net current assets/(liabilities)			237,554		(298,640)
Net assets			590,837		599,438
Capital and reserves
Called up share capital		100		100
Profit and loss account		590,737		599,338
Total equity			590,837		599,438

For the financial year ending 31 August 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 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 May 2026
 

......................................... Mr Patrick Noble Director

P and E Yorkshire Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

1	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 that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£).

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 value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

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

The current income 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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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
Office equipment and fittings	10% on the reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

P and E Yorkshire Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

Goodwill

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. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity.

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.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

P and E Yorkshire Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2024	1,134,836	1,134,836
At 31 August 2025	1,134,836	1,134,836
Amortisation
At 1 September 2024	902,195	902,195
Amortisation charge	77,547	77,547
At 31 August 2025	979,742	979,742
Carrying amount
At 31 August 2025	155,094	155,094
At 31 August 2024	232,641	232,641

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2024	1,592	1,592
At 31 August 2025	1,592	1,592
Depreciation
At 1 September 2024	1,303	1,303
Charge for the year	144	144
At 31 August 2025	1,447	1,447
Carrying amount
At 31 August 2025	145	145
At 31 August 2024	289	289

P and E Yorkshire Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

5	Investment properties

	2025 £
At 1 September	665,148
Disposals	(467,104)
At 31 August	198,044

The director has reviewed the value of the company's investment properties and used his local knowledge and statistical data provided by RICS. In his opinion, the carrying value of the properties is not materially different to their fair value.

6

Debtors

Current	2025 £	2024 £
Trade debtors	187,769	218,470
Prepayments	-	6,091
Other debtors	9,689	3,371
	197,458	227,932

7

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	40,042	18,477
Taxation and social security	17,483	24,401
Other creditors	348,166	811,477
	405,691	854,355