REGISTERED NUMBER: 00419382 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

The Philatelic Traders' Society Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Bloxham

S Carson

S J Rae

REGISTERED OFFICE:

Roland House

Princes Dock Street

Hull

HU1 2LD

REGISTERED NUMBER:

00419382 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Intangible assets

4

2,751

3,056

Tangible assets

5

476

711

Investments

6

101

101

3,328

3,868

CURRENT ASSETS

Debtors

7

70,888

151,985

Cash at bank and in hand

131,330

192,895

202,218

344,880

CREDITORS

Amounts falling due within one year

8

11,704

147,336

NET CURRENT ASSETS

190,514

197,544

TOTAL ASSETS LESS CURRENT LIABILITIES

193,842

201,412

RESERVES

Income and expenditure account

9

193,842

201,412

193,842

201,412

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

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

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

S J Rae - Director

1.	STATUTORY INFORMATION

The Philatelic Traders' Society Limited is a private company, limited by guarantee , 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

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

Membership subscriptions are measured at the fair value of the subscriptions attributable to the financial year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

The trade mark of The Philatelic Traders' Society Limited are being depreciated over 10 years.

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

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

5,292

AMORTISATION

At 1 January 2025

2,236

Charge for year

305

At 31 December 2025

2,541

NET BOOK VALUE

At 31 December 2025

2,751

At 31 December 2024

3,056

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

1,210

DEPRECIATION

At 1 January 2025

499

Charge for year

235

At 31 December 2025

734

NET BOOK VALUE

At 31 December 2025

476

At 31 December 2024

711

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

226

PROVISIONS

At 1 January 2025

and 31 December 2025

125

NET BOOK VALUE

At 31 December 2025

101

At 31 December 2024

101

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

2,218

108,323

Other debtors

51,029

27,603

53,247

135,926

Amounts falling due after more than one year:

Other debtors

17,641

16,059

Aggregate amounts

70,888

151,985

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,882

(131

)

Taxation and social security

-

11,404

Other creditors

6,822

136,063

11,704

147,336

9.

RESERVES

Income

and

expenditure

account

£

At 1 January 2025

201,412

Deficit for the year

(7,570

)

At 31 December 2025

193,842

10.	RELATED PARTY DISCLOSURES

On 1 January 2022 the trade, assets and liabilities of PTS Stamp & Coin Exhibitions Limited, a 100% owned subsidiary of The Philatelic Traders' Society Limited, were transferred to the company under a hive up agreement , for the consideration of £1. PTS Stamp & Coin Exhibition Ltd was dissolved on 11 August 2026.

During the year the company sold services of £1,133 (2024 £13,508) to Mark Bloxham Stamps Limited a company of which M Bloxham is a Director. At 31 December 2025 £45 (2024, £3,243) was owed to the company by Mark Bloxham Stamps Limited.

During the year the company sold services of £492 (2024 £7,832) to Philangles Limited, a company of which S Carson is a Director. These transactions were on normal commercial terms. At 31 December 2025 £nil (2024 £3,057) was owed to the company by Philangles Limited.

During the year the company sold services of £771 (2024 £796) to Art Stamped Limited a company of which S Rae is a Director. These transactions were on normal commercial terms. At 31 December 2025 £nil (2024 £nil) was owed to the company by Art Stamped Limited.

11.	LIMITED BY GUARANTEE

The company is limited by guarantee.