ACCOUNTS - Final Accounts preparation

Unaudited Financial Statements

P & H Trustees Limited

For the year ended 7 April 2026

Registered number: 02920238


P & H Trustees Limited

Company Information

Directors	Christopher Etherington
	James Newsome


Registered number	02920238


Registered office	Oak Hanger
	Reeds Lane
	Liss
	England
	GU33 7HU


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


P & H Trustees Limited

Contents

	Page
Accountants' report	1
Balance sheet	2
Notes to the financial statements	3 - 5

Independent Accountant's Report to the directors of the unaudited financial statements of P & H Trustees Limited for the year ended 7 April 2026

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of P & H Trustees Limited for the year ended 7 April 2026, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of P & H Trustees Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of P & H Trustees Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & H Trustees Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 7 April 2026 and you have acknowledged on the Balance sheet as at 7 April 2026 your duty to ensure that P & H Trustees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that P & H Trustees Limited is exempt from the statutory audit requirement for the year ended 7 April 2026.

We have not been instructed to carry out an audit or review the financial statements of P & H Trustees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Maeve Hunt FCA
for and on behalf of
Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 1 July 2026

Page 1


P & H Trustees Limited Registered number:02920238

Balance sheet

As at 7 April 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	100		100
Cash at bank and in hand	6	9,938		14,635
		10,038		14,735
Creditors: amounts falling due within one year	7	(3,120)		(4,669)
Net current assets			6,918		10,066
Total assets less current liabilities			6,918		10,066

Net assets			6,918		10,066

Capital and reserves
Called up share capital	8	100	100
Profit and loss account	9	6,818	9,966
		6,918	10,066

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 July 2026.

Christopher Etherington

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2


P & H Trustees Limited

Notes to the financial statements

For the year ended 7 April 2026

1.	General information

P & H Trustees Limited is a private company limited by shares and incorporated in England. The registered office is Oak Hanger, Reeds Lane, Liss, GU33 7HU. The principal activity of the company is the management of Palmer & Harvey McLane Holdings Ltd Employee Trust.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The finanical statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3


P & H Trustees Limited

Notes to the financial statements

For the year ended 7 April 2026

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the director's opinion, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

Debtors

					2026	2025
					£	£


Unpaid share capital	100	100
	100	100

Page 4


P & H Trustees Limited

Notes to the financial statements

For the year ended 7 April 2026

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	9,938	14,635
	9,938	14,635

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Corporation tax	-	1,789
Accruals and deferred income	3,120	2,880
	3,120	4,669

Corporation tax is repayable at various dates over the coming months in accordance with the applicable statutory provisions.
Amounts owed to connected parties are unsecured and repayable on demand.
The terms of the accruals and deferred income are based on underlying contracts.

8.	Share capital
		2026	2025
		£	£

Allotted, called up and partly paid

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

Reserves

Profit and loss account

Includes all current and prior year profits and losses.

10.	Controlling party

There is deemed to be no controlling party.

Page 5