REGISTERED NUMBER: 07917913 (England and Wales)

POWIS HUGHES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R G J Staples

REGISTERED OFFICE:

Sunrise Hill Yard

East Ilsley

Newbury

Berkshire

RG20 7LY

REGISTERED NUMBER:

07917913 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,303

53,479

Investments

6

281,155

202,733

322,458

256,212

CURRENT ASSETS

Debtors

7

125,228

134,193

Cash at bank

333,619

266,521

458,847

400,714

CREDITORS

Amounts falling due within one year

8

(121,352

)

(101,415

)

NET CURRENT ASSETS

337,495

299,299

TOTAL ASSETS LESS CURRENT LIABILITIES

659,953

555,511

CAPITAL AND RESERVES

Called up share capital

100

100

Non-

distributable

reserves

25,560

28,973

Retained earnings

634,293

526,438

SHAREHOLDERS' FUNDS

659,953

555,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 4 August 2026 and were signed by:

R G J Staples - Director

1.	STATUTORY INFORMATION

Powis Hughes 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012 has been fully amortised.

Tangible fixed assets

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

Plant and machinery

-

25% Reducing balance

Motor vehicles

-

25% Reducing balance

Office equipment

-

Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Quoted investments

Investments in quoted securities are included in the balance sheet at their market value.

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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

The exception to this is in respect of fixed asset investments in shares and cryptocurrencies which are measured at fair value with changes in fair value recognised in profit and loss.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

20,000

AMORTISATION

At 1 March 2025

and 28 February 2026

20,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

12,253

67,491

33,632

113,376

Additions

-

-

4,385

4,385

Disposals

-

-

(11,109

)

(11,109

)

At 28 February 2026

12,253

67,491

26,908

106,652

DEPRECIATION

At 1 March 2025

10,580

24,654

24,663

59,897

Charge for year

418

10,709

4,112

15,239

Eliminated on disposal

-

-

(9,787

)

(9,787

)

At 28 February 2026

10,998

35,363

18,988

65,349

NET BOOK VALUE

At 28 February 2026

1,255

32,128

7,920

41,303

At 28 February 2025

1,673

42,837

8,969

53,479

6.	FIXED ASSET INVESTMENTS

2026

2025

£

£

Other investments not loans

281,155

202,733

Additional information is as follows:

Other

investments

£

COST OR VALUATION

At 1 March 2025

173,985

Additions

178,670

Disposals

(209,544

)

Revaluations

54,449

At 28 February 2026

197,560

NET BOOK VALUE

At 28 February 2026

197,560

At 28 February 2025

173,985

Cost or valuation at 28 February 2026 is represented by:

Other

investments

£

Valuation in 2026

(101,762

)

Cost

299,322

197,560

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Cost/Valuation b/f

28,747

38,106

Additions

58,261

-

Valuation

(3,413

)

(9,358

)

83,595

28,748

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

96,329

78,812

Other debtors

28,899

55,381

125,228

134,193

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

109,471

94,750

Other creditors

11,881

6,665

121,352

101,415

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year advances of £nil (2025: £19,741) were made by the company to the director. During the year £20,799 was repaid (2025: £nil) to the company and at the year end the balance owed to the director by the company was £1,058 (2025: £19,741 owed to the company).

Interest has been charged on the advances at the HM Revenue & Customs official rate of interest and the advances are repayable on demand.