REGISTERED NUMBER: 01216688 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PHN ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D P Rollings

Mrs J L Rollings

SECRETARY:

Mrs J L Rollings

REGISTERED OFFICE:

Kingscott Dix

7 Rockfield Business Park

Old Station Drive, Leckhampton

Cheltenham

Gloucestershire

GL530AN

REGISTERED NUMBER:

01216688 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

FIXED ASSETS

Intangible assets

4

563

4,063

Tangible assets

5

800,028

886,607

800,591

890,670

CURRENT ASSETS

Stocks

322,229

420,243

Debtors

6

1,190,997

1,174,635

Cash at bank and in hand

11,220

15,310

1,524,446

1,610,188

CREDITORS

Amounts falling due within one year

7

(1,067,689

)

(1,277,694

)

NET CURRENT ASSETS

456,757

332,494

TOTAL ASSETS LESS CURRENT LIABILITIES

1,257,348

1,223,164

CREDITORS

Amounts falling due after more than one year

8

(156,662

)

(257,487

)

PROVISIONS FOR LIABILITIES

11

(100,906

)

(116,806

)

NET ASSETS

999,780

848,871

CAPITAL AND RESERVES

Called up share capital

33,000

33,000

Retained earnings

966,780

815,871

SHAREHOLDERS' FUNDS

999,780

848,871

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Mr D P Rollings - Director

1.	STATUTORY INFORMATION

PHN Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

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

Tangible fixed assets

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

Short leasehold

-

over the period of the lease.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

35,000

AMORTISATION

At 1 January 2025

30,937

Charge for year

3,500

At 31 December 2025

34,437

NET BOOK VALUE

At 31 December 2025

563

At 31 December 2024

4,063

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST OR VALUATION

At 1 January 2025

29,635

83,703

816,059

Additions

-

-

14,282

Disposals

-

-

-

At 31 December 2025

29,635

83,703

830,341

DEPRECIATION

At 1 January 2025

29,635

56,391

307,461

Charge for year

-

8,229

51,700

Eliminated on disposal

-

-

-

At 31 December 2025

29,635

64,620

359,161

NET BOOK VALUE

At 31 December 2025

-

19,083

471,180

At 31 December 2024

-

27,312

508,598

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

88,993

453,053

1,471,443

Additions

3,615

52,600

70,497

Disposals

-

(97,940

)

(97,940

)

At 31 December 2025

92,608

407,713

1,444,000

DEPRECIATION

At 1 January 2025

41,491

149,858

584,836

Charge for year

4,995

41,856

106,780

Eliminated on disposal

-

(47,644

)

(47,644

)

At 31 December 2025

46,486

144,070

643,972

NET BOOK VALUE

At 31 December 2025

46,122

263,643

800,028

At 31 December 2024

47,502

303,195

886,607

Cost or valuation at 31 December 2025 is represented by:

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

Cost

29,635

83,703

830,341

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

92,608

407,713

1,444,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

112,066

255,958

Other debtors

1,078,931

918,677

1,190,997

1,174,635

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

163,306

284,694

Hire purchase contracts (see note 9)

109,621

140,479

Trade creditors

507,872

503,230

Taxation and social security

263,337

269,236

Other creditors

23,553

80,055

1,067,689

1,277,694

The company is subject to a confidential invoice discounting agreement. Amounts received from the invoice discounters represent monies received in advance of settlement of debts. The company is liable to repay these amounts if the debts are not received by the invoice discounter. The invoice discounter has a fixed charge on the receipt of other debts due to the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,768

25,528

Hire purchase contracts (see note 9)

146,894

231,959

156,662

257,487

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

109,621

140,479

Between one and five years

146,894

231,959

256,515

372,438

Non-cancellable

operating leases

2025

2024

£

£

Within one year

152,900

138,500

Between one and five years

-

50,000

152,900

188,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

49,431

185,424

Bank loans

123,643

124,798

173,074

310,222

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

100,906

116,806

Deferred

tax

£

Balance at 1 January 2025

116,806

Provided during year

(15,900

)

movements in the year

Balance at 31 December 2025

100,906

12.	RELATED PARTY DISCLOSURES

Mr D P Rollings director and shareholder of the company was paid £38,000 in rent.

Idea Homes Limited a company is which Mr D P Rollings is a shareholder and director owes PHN Enterprises Limited £26,230.

D P Rollings Limited a company in which Mr D P Rollings is a shareholder and director owes PHN Enterprises Limited £818,991.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D P Rollings.