REGISTERED NUMBER: 10246903 (England and Wales)

PHI PIE LIMITED

Unaudited Financial Statements For The Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

I Daglas

SECRETARY:

I Daglas

REGISTERED OFFICE:

Unit 27 Denmark Street Industrial Estate

Byker

Newcastle Upon Tyne

NE6 2XF

REGISTERED NUMBER:

10246903 (England and Wales)

ACCOUNTANTS:

Sadler Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

CURRENT ASSETS

Cash at bank

-

3

CREDITORS

Amounts falling due within one year

4

152,480

142,666

NET CURRENT LIABILITIES

(152,480

)

(142,663

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152,480

)

(142,663

)

CREDITORS

Amounts falling due after more than one year

5

4,619

13,143

NET LIABILITIES

(157,099

)

(155,806

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(157,100

)

(155,807

)

(157,099

)

(155,806

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 21 April 2026 and were signed by:

I Daglas - Director

1.	STATUTORY INFORMATION

Phi Pie 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.

Significant judgements

There were no judgements made that were significant enough to warrant disclosure.

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.

Significant estimates

There were no estimates made that were significant enough to warrant disclosure.

Solvency

With a cumulative negative figure of £157,074 (£155,807 - 2023) reported in the profit and loss reserve, the company is technically insolvent. The Directors have decided to suspend trading and review their position before deciding upon their next step.

3.	EMPLOYEES AND DIRECTORS

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

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,684

6,570

Other loans

5,000

5,000

Trade creditors

-

1,286

Other creditors

16,720

20,122

Customs & Excise

-

(583

)

Directors' current accounts

120,636

109,857

Accrued expenses

440

414

152,480

142,666

Included in other creditors are amounts owed to the Directors, this year they were owed £120,636 (£109,857 - 2024).

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,619

7,510

Bank loans - 2-5 years

-

5,633

4,619

13,143

6.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

7.

SOLVENCY

With a cumulative negative figure of £157,098 (£155,807 - 2024) reported in the profit and loss reserve, the company is technically insolvent. The Directors have decided to suspend trading and review their position before deciding upon their next step. The company does not take credit from its suppliers without extending a personal guarantee and so no other traders are put at risk.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2025 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sadler Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

22 April 2026