Company Registration No. 8386910 (England and Wales)
Payhip Ltd
Unaudited accounts
for the year ended 31 December 2025
Payhip Ltd
Company Information
for the year ended 31 December 2025
Company Number
8386910 (England and Wales)
Registered Office
Fifth Floor
167-169 Great Portland Street
London
W1W 5PF
United Kingdom
Accountants
Barnes & Scott
86-90 Paul Street
London
EC2A 4NE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Payhip Ltd for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Payhip Ltd for the year ended
31 December 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Payhip Ltd, as a body, in accordance with the terms of our engagement letter dated 8 June 2014. Our work has been undertaken solely to prepare for your approval the accounts of Payhip Ltd and state those matters that we have agreed to state to the Board of Directors of Payhip Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Payhip Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Payhip Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Payhip Ltd. You consider that Payhip Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Payhip Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott
Chartered Accountants
86-90 Paul Street
London
EC2A 4NE
3 August 2026
Payhip Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
13,663
11,538
Cash at bank and in hand
1,106,839
933,880
Creditors: amounts falling due within one year
(257,753)
(235,581)
Net current assets
889,011
748,024
Net assets
903,840
759,562
Called up share capital
2
2
Profit and loss account
903,838
759,560
Shareholders' funds
903,840
759,562
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by
A Farah
Director
Company Registration No. 8386910
Payhip Ltd
Notes to the Accounts
for the year ended 31 December 2025
Payhip Ltd is a private company, limited by shares, registered in England and Wales, registration number 8386910. The registered office is Fifth Floor, 167-169 Great Portland Street, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for providing an e-commerce platform that enables sale of digital products and memberships in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Payhip Ltd
Notes to the Accounts
for the year ended 31 December 2025
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Payhip Ltd
Notes to the Accounts
for the year ended 31 December 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
1,687
29,066
30,753
At 31 December 2025
1,687
35,877
37,564
At 1 January 2025
629
18,586
19,215
Charge for the year
264
4,422
4,686
At 31 December 2025
893
23,008
23,901
At 31 December 2025
794
12,869
13,663
At 31 December 2024
1,058
10,480
11,538
Amounts falling due within one year
Accrued income and prepayments
39,925
45,492
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
44,662
39,762
Taxes and social security
54,053
38,988
Other creditors
1,232
1,513
Loans from directors
13,376
438
The director loan is measured at transaction price and is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 7 (2024: 8).