PIXIELAND (SALTASH) LIMITED


Directors	Caroline Rose Francis McDonough
	John James McDonough


Registered Address	C/O Businessvision Unit 4, Sandy Court, Ashleigh Way
	Plympton
	Plymouth
	PL7 5JX


Registered Number	07295450 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		119,375		147,837
			119,375		147,837
Current assets
Debtors		773,483		729,351
Current asset investments	4	1,192,839		1,006,286
Cash at bank and on hand		21,963		55,782
		1,988,285		1,791,419
Creditors amounts falling due within one year	5	(226,091)		(310,886)
Net current assets (liabilities)			1,762,194		1,480,533
Total assets less current liabilities			1,881,569		1,628,370
Provisions for liabilities	6		(27,483)		(112,249)
Net assets			1,854,086		1,516,121
Capital and reserves
Called up share capital			202		202
Profit and loss account			1,853,884		1,515,919
Shareholders' funds			1,854,086		1,516,121

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 16 April 2026, and are signed on its behalf by:

Caroline Rose Francis McDonough
Director
Registered Company No. 07295450

PIXIELAND (SALTASH) 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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	6.67
Plant and machinery	33	-
Fixtures and fittings	15	-
Vehicles	25	-

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	25		28

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	191,071	2,431	22,077	295,176	510,755
Additions	-	1,772	-	-	1,772
At 31 December 25	191,071	4,203	22,077	295,176	512,527
Depreciation and impairment
At 01 January 25	156,003	203	18,398	188,314	362,918
Charge for year	11,803	594	920	16,917	30,234
At 31 December 25	167,806	797	19,318	205,231	393,152
Net book value
At 31 December 25	23,265	3,406	2,759	89,945	119,375
At 31 December 24	35,068	2,228	3,679	106,862	147,837

4.	Current asset investments
	Investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,156	2,107
Taxation and social security	126,166	207,037
Other creditors	98,038	101,012
Accrued liabilities and deferred income	731	730
Total	226,091	310,886

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	27,483	31,649
Other provisions	-	80,600
Total	27,483	112,249

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Caroline Rose Francis McDonough	113,260	83,696	54,770	142,186
John James McDonough	1,144	0	312	832
	114,404	83,696	55,082	143,018

8.	Related party transactions
	During the year the company made rent payments totalling £24,000 to C.Francis-McDonough, Director. At the year end the company was owed £406,926 by J. Francis - McDonough, in the form of an interest free loan.