PALMERS CATERING LIMITED


Directors	ISAACS, Benjamin Christopher
	PALMER, Abigail Jessica
	PALMER, Benjamin
	PALMER, Colleen Frances
	PALMER, James Charles
	PALMER, Justin Charles


Registered Address	Office 5 Load N Lock
	Bernards Way
	Yeovil
	BA20 2FH


Registered Number	01261052 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		473,808		483,269
Investment property	4		690,000		690,000
			1,163,808		1,173,269
Current assets
Debtors	5	9,814		12,639
Cash at bank and on hand		49,733		68,028
		59,547		80,667
Creditors amounts falling due within one year	6	(246,273)		(311,995)
Net current assets (liabilities)			(186,726)		(231,328)
Total assets less current liabilities			977,082		941,941
Provisions for liabilities	7		(1,578)		(2,335)
Net assets			975,504		939,606
Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			861,076		861,076
Profit and loss account			113,428		77,530
Shareholders' funds			975,504		939,606

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 May 2026, and are signed on its behalf by:

PALMER, James Charles
Director

PALMER, Justin Charles
Director

Registered Company No. 01261052

PALMERS CATERING LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	100
	Fixtures and fittings	5

	Investment property
	Investment properties are accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 September 24	550,000	(1)	(3)	19,805	569,801
At 31 August 25	550,000	(1)	(3)	19,805	569,801
Depreciation and impairment
At 01 September 24	77,000	(1)	(3)	9,536	86,532
Charge for year	5,500	-	-	3,961	9,461
At 31 August 25	82,500	(1)	(3)	13,497	95,993
Net book value
At 31 August 25	467,500	-	-	6,308	473,808
At 31 August 24	473,000	-	-	10,269	483,269

4.	Investment property


		£
	Fair value at 01 September 24	690,000
	At 31 August 25	690,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,332	4,269
Other debtors	1,661	1,495
Prepayments and accrued income	5,821	6,875
Total	9,814	12,639

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	8,514	6,644
Amounts owed to related parties	209,399	287,638
Taxation and social security	15,950	5,839
Other creditors	11,450	11,000
Accrued liabilities and deferred income	960	874
Total	246,273	311,995

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,578	2,335
Total	1,578	2,335