PH Fish LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC311298

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		155,249		188,903

			155,249		188,903
CURRENT ASSETS
Stocks	5	20,000		20,000
Debtors	6	382,642		429,862
Cash at bank and in hand		11,629		10,202

		414,271		460,064
Creditors: Amounts Falling Due Within One Year	7	(371,387 )		(409,756 )

NET CURRENT ASSETS (LIABILITIES)			42,884		50,308

TOTAL ASSETS LESS CURRENT LIABILITIES			198,133		239,211

Creditors: Amounts Falling Due After More Than One Year	8		(94,144 )		(105,850 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			103,989		133,361

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		102,689		133,361

			102,689		133,361

Equity
Members' other interests
Members' capital		1,300		-

			1,300		-

			103,989		133,361

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			102,689		133,361
Members' other interests			1,300		-

			103,989		133,361

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PH Fish LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Paul Hodges

Designated Member

28/07/2026

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

1. General Information

PH Fish LLP is a limited liability partnership, incorporated in England & Wales, registered number OC311298 . The Registered Office is First Floor Offices Rock-A-Nore Road, Hastings, TN34 3DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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PH Fish LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 10 (2025: 8)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2025	4,808	102,984	396,500	504,292
Additions	-	7,048	115,416	122,464
Disposals	-	-	(247,680 )	(247,680 )

As at 31 March 2026	4,808	110,032	264,236	379,076

Depreciation
As at 1 April 2025	-	94,284	221,105	315,389
Provided during the period	-	3,937	46,210	50,147
Disposals	-	-	(141,709 )	(141,709 )

As at 31 March 2026	-	98,221	125,606	223,827

Net Book Value
As at 31 March 2026	4,808	11,811	138,630	155,249

As at 1 April 2025	4,808	8,700	175,395	188,903

5. Stocks

	2026	2025
	£	£
Stock	20,000	20,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	210,851	250,473
Prepayments and accrued income	7,741	8,829
Other debtors	123,963	123,963
VAT	40,087	46,597

	382,642	429,862

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PH Fish LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	37,650	76,803
Trade creditors	282,653	294,735
Bank loans and overdrafts	40,704	29,171
Other taxes and social security	7,142	6,004
Other creditors	738	543
Accruals and deferred income	2,500	2,500

	371,387	409,756

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	94,144	102,645
Bank loans	-	3,205

	94,144	105,850

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	37,650	76,803
Later than one year and not later than five years	94,144	102,645

	131,794	179,448

	131,794	179,448

10. Loans and other debts due to members

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.

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