Registration number: 11399147

PS Hospitality Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

PS Hospitality Limited

(Registration number: 11399147)
Balance Sheet as at 30 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	44,920	26,735
Current assets
Stocks	5	7,500	4,525
Debtors	6	37,055	69,919
Cash at bank and in hand		21,802	11,278
		66,357	85,722
Creditors: Amounts falling due within one year	7	(35,004)	(27,821)
Net current assets		31,353	57,901
Total assets less current liabilities		76,273	84,636
Creditors: Amounts falling due after more than one year	7	(24,476)	(29,868)
Net assets		51,797	54,768
Capital and reserves
Called up share capital		20	20
Retained earnings		51,777	54,748
Shareholders' funds		51,797	54,768

For the financial year ending 30 December 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 July 2026
 

......................................... Mr P J J Novak Director

PS Hospitality Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
414 Holcombe Drive
Rossendale
Lancashire
BB4 4LX

These financial statements were authorised for issue by the director on 21 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

PS Hospitality Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	25% Reducing balance
Plant and Machinery	20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

PS Hospitality Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2024 - 11).

PS Hospitality Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 December 2024	69,873	69,873
Additions	29,388	29,388
At 30 December 2025	99,261	99,261
Depreciation
At 31 December 2024	43,138	43,138
Charge for the year	11,203	11,203
At 30 December 2025	54,341	54,341
Carrying amount
At 30 December 2025	44,920	44,920
At 30 December 2024	26,735	26,735

5

Stocks

	2025 £	2024 £
Other inventories	7,500	4,525

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		11,335	4,452
Amounts owed by related parties	9	21,687	41,687
Prepayments		2,533	1,894
Other debtors		1,500	21,886
		37,055	69,919

PS Hospitality Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	24,573	20,476
Taxation and social security	8,336	3,529
Accruals and deferred income	1,250	1,000
Other creditors	845	2,816
	35,004	27,821

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	24,476	29,868

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	24,476	29,868

PS Hospitality Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2025

9	Related party transactions

Transactions with the director

2025	At 31 December 2024 £	Repayments by director £	At 30 December 2025 £
Mr P J J Novak
This is an interest free loan and repayable on demand.	21,468	(21,468)	-

2024	At 31 December 2023 £	Advances to director £	Repayments by director £	At 30 December 2024 £
Mr P J J Novak
This is an interest free loan and repayable on demand.	23,583	21,468	(23,583)	21,468