Piranie Enterprise Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03859678

Piranie Enterprise Limited

Filleted Unaudited Financial Statements

31 October 2025

Piranie Enterprise Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		19,141	19,750

Current assets

Stocks		15,125	15,125
Debtors	5	20,000	20,000
Cash at bank and in hand		2	1,706
		--------	--------
		35,127	36,831

Creditors: amounts falling due within one year	6	156,758		136,964
		---------		---------
Net current liabilities			121,631	100,133
			---------	---------
Total assets less current liabilities			( 102,490)	( 80,383)

Creditors: amounts falling due after more than one year	7	26,915	34,731
		---------	---------
Net liabilities		( 129,405)	( 115,114)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 129,505)	( 115,214)
	---------	---------
Shareholders deficit	( 129,405)	( 115,114)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Piranie Enterprise Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:

Mr M H M Piranie
Director

Company registration number: 03859678

Piranie Enterprise Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income tax

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 assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	2% straight line
Fixtures & Fittings	-	15% - 25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible assets

	Long leasehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 November 2024 and 31 October 2025	30,441	66,811	97,252
	--------	--------	--------
Depreciation
At 1 November 2024	10,691	66,811	77,502
Charge for the year	609	–	609
	--------	--------	--------
At 31 October 2025	11,300	66,811	78,111
	--------	--------	--------
Carrying amount
At 31 October 2025	19,141	–	19,141
	--------	--------	--------
At 31 October 2024	19,750	–	19,750
	--------	--------	--------

5. Debtors

	2025	2024
	£	£
Other debtors	20,000	20,000
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	24,798	24,792
Trade creditors	42,102	42,103
Social security and other taxes	2,816	3,181
Other creditors	87,042	66,888
	---------	---------
	156,758	136,964
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	26,915	34,731
	--------	--------

8. Going concern

At 31 October 2025 the company's liabilities exceed its assets by £102,490 (2024: £80,383). However, the directors confirm that they will continue to financially support the company to enable it to continue trading for the foreseeable future and so they have prepared the financial statements on going concern basis which they consider appropriate.

9. Director's advances, credits and guarantees

At the year end the director was owed £85,042 (2024: £64,368) by the company.

10. Related party transactions

The company provided interest free loan to related party amounting £10,000 (2024: £10,000).