REGISTERED NUMBER: 05604931 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

PIP GILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms P Gill

SECRETARY:

Ms S Sheppard

REGISTERED OFFICE:

The Coach House

124 Brondesbury Road

London

NW6 6SB

REGISTERED NUMBER:

05604931 (England and Wales)

CURRENT ASSETS

Debtors

5

34,460

6,568

Cash at bank and in hand

63,419

135,056

97,879

141,624

CREDITORS

Amounts falling due within one year

6

17,689

14,317

NET CURRENT ASSETS

80,190

127,307

TOTAL ASSETS LESS CURRENT LIABILITIES

80,190

127,307

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

80,189

127,306

80,190

127,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 8 July 2026 and were signed by:

Ms P Gill - Director

1.	STATUTORY INFORMATION

PIP GILL 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

2,042

DEPRECIATION

At 1 November 2024

and 31 October 2025

2,042

NET BOOK VALUE

At 31 October 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

828

3,972

Other debtors

33,632

2,596

34,460

6,568

The comparative balances have been restated following the correction of a prior year misclassification, whereby a corporation tax payment of £12,857 was incorrectly recorded against the VAT liability. This had resulted in debtors and creditors both being overstated by £12,857. The correction has no impact on the company's profit or equity.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

79

78

Taxation and social security

13,377

10,006

Other creditors

4,233

4,233

17,689

14,317

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Ms P Gill

Balance outstanding at start of year

-

7,537

Amounts advanced

12,000

-

Amounts repaid

-

(7,537

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,000

-

The directors loan was repaid on 17th April 2026.