PINS ( LIVERPOOL ) LIMITED


Directors	GILLBANKS, Daniel Alexander
	KELLY, Daniel James
	SCOWCROFT, David Brian Malcolm


Registered Address	18 Hanover Street
	Liverpool
	L1 4AA


Registered Number	11074414 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,648,795		4,041,412
			3,648,795		4,041,412
Current assets
Stocks	4	48,655		28,201
Debtors	5	563,664		180,279
Cash at bank and on hand		297,326		461,606
		909,645		670,086
Creditors amounts falling due within one year	6	(2,863,487)		(3,022,110)
Net current assets (liabilities)			(1,953,842)		(2,352,024)
Total assets less current liabilities			1,694,953		1,689,388
Creditors amounts falling due after one year	7		(3,327,835)		(3,347,835)
Net assets			(1,632,882)		(1,658,447)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(1,632,884)		(1,658,449)
Shareholders' funds			(1,632,882)		(1,658,447)

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 26 May 2026, and are signed on its behalf by:

KELLY, Daniel James
Director
Registered Company No. 11074414

PINS ( LIVERPOOL ) LIMITED

Notes to the Financial Statements
for the year ended 31 December 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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the balance sheet date, the company's balance sheet is in deficit, with the major creditor being the company's parent, D2 Investments Limited. The parent company has indicated that it will not demand repayment of its loan if this would prejudice the payment of other creditors. After the consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

Going concern

At the balance sheet date, the company's balance sheet is in deficit, with the major creditor being the company's parent, D2 Investments Limited. The parent company has indicated that it will not demand repayment of its loan if this would prejudice the payment of other creditors. After the consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	20
	Fixtures and fittings	7
	Office Equipment	5

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	52		46

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	4,380,338	1,376,021	74,952	5,831,311
Additions	-	32,291	-	32,291
At 31 December 25	4,380,338	1,408,312	74,952	5,863,602
Depreciation and impairment
At 01 January 25	1,042,111	696,265	51,523	1,789,899
Charge for year	212,118	197,835	14,955	424,908
At 31 December 25	1,254,229	894,100	66,478	2,214,807
Net book value
At 31 December 25	3,126,109	514,212	8,474	3,648,795
At 31 December 24	3,338,227	679,756	23,429	4,041,412

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	48,655	28,201
Total	48,655	28,201

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	16,415	5,236
Amounts owed by group undertakings	376,304	25,159
Other debtors	88,438	84,254
Prepayments and accrued income	82,507	65,630
Total	563,664	180,279

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	241,863	169,948
Amounts owed to related parties	2,296,183	2,347,874
Taxation and social security	205,266	205,246
Other creditors	33,153	26,524
Accrued liabilities and deferred income	87,022	272,518
Total	2,863,487	3,022,110

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,000,000	3,000,000
Other creditors	327,835	347,835
Total	3,327,835	3,347,835


	Bank borrowings are secured by a joint personal guarantee provided by the directors and shareholders.

8.	Pension commitments
	The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £4,703 (2024 - £5,087) were payable to the fund at the balance sheet date.

9.	Other commitments
	At 31 December 2025 the company had future minimum lease payments under non-cancellable operating leases of £1,983,750 (2024: £2,098,750).

10.	Directors advances, credits and guarantees
	During the year ended 31 December 2025, the company advanced £25,000 to a director. No amounts were repaid in the year. At the year end, the amount due from the director was £25,349, being the principal balance of £25,000 together with interest of £349 charged at 3.75% per annum. The balance was unsecured and repayable on demand. No amounts were written off or waived.

11.	Controlling party
	This company's parent undertaking and controlling party is D2 Investments Limited, a company registered in England and Wales, company number 10797889.

12.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.