Peter Dudgeon Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01235720 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

PETER DUDGEON LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J H Dilley

E S Haslam

A R Balgobin

SECRETARY:

Dentons Secretaries Ltd

REGISTERED OFFICE:

Unit 9a Chiswick Studios

9 Power Park

Chiswick

London

W4 5PY

REGISTERED NUMBER:

01235720 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Tangible assets

4

7,388

10,791

CURRENT ASSETS

Stocks

197,840

205,042

Debtors

5

62,318

61,843

Cash at bank

72,763

66,902

332,921

333,787

CREDITORS

Amounts falling due within one year

6

(435,534

)

(591,039

)

NET CURRENT LIABILITIES

(102,613

)

(257,252

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(95,225

)

(246,461

)

CREDITORS

Amounts falling due after more than one
year

7

(20,353

)

(25,032

)

NET LIABILITIES

(115,578

)

(271,493

)

CAPITAL AND RESERVES

Called up share capital

8

267

Share premium

38,213

Capital contribution reserve

411,632

-

Retained earnings

(565,690

)

(309,973

)

SHAREHOLDERS' FUNDS

(115,578

)

(271,493

)

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 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 Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

J H Dilley - Director

1.	STATUTORY INFORMATION

Peter Dudgeon 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales / value added tax, returns, rebates and discounts.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity;

- and specific criteria have been met for each of the company's activities.

Going concern

The Company has net liabilities of £115,578 (2024: £271,493) and net current liabilities of £102,613 (2024: £257,252). The financial statements have been prepared on a going concern basis for the following reason.

The Company is a subsidiary of Timothy Oulton International Franchise Limited (the Parent) under which consolidated financial statements are prepared. The Ultimate Controlling Party, Halo (Cayman) Limited, has indicated its intention to make available such funds as might be needed by the Company for the period covered by the forecasts. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due from the date of approval of the financial statements through to at least twelve months from the date of their approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using first in, first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 January 2025

100,089

30,463

104,944

235,496

Additions

-

1,718

1,228

2,946

At 31 December 2025

100,089

32,181

106,172

238,442

DEPRECIATION

At 1 January 2025

96,377

28,444

99,884

224,705

Charge for year

2,076

1,031

3,242

6,349

At 31 December 2025

98,453

29,475

103,126

231,054

NET BOOK VALUE

At 31 December 2025

1,636

2,706

3,046

7,388

At 31 December 2024

3,712

2,019

5,060

10,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

756

Other debtors

61,562

61,087

62,318

61,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

5,957

7,234

Trade creditors

20,028

43,217

Amounts owed to group undertakings

35,000

256,032

Social security and other taxes

22,719

43,159

Other creditors

2,655

1,755

Customer deposits

348,375

238,842

Accruals and deferred income

800

435,534

591,039

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans - 1-2 years

20,353

25,032

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

120

Ordinary A shares

£1

120

147

Ordinary B shares

£1

147

267

9.	RELATED PARTY DISCLOSURES

During the year; Timothy Oulton United Kingdom Limited, a company under common control, waived amounts owed by the company of £411,032. The amounts waived are shown within the capital contribution reserve.

10.	ULTIMATE CONTROLLING PARTY

At 31 December 2025, the immediate parent undertaking is Timothy Oulton International Franchise Limited, a company incorporated in Hong Kong.

The ultimate parent undertaking is Halo (Cayman) Limited, a company incorporated in the Cayman Islands.