PALMER & RISE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Abbasi

Mrs A A Abbasi

REGISTERED OFFICE:

The Post Office

Holyhead Road

Betws-Y-Coed

Conwy

LL24 0AA

REGISTERED NUMBER:

10009900 (England and Wales)

ACCOUNTANTS:

Vinney Ross & Co Ltd

Office on the Hill, Suite 7

37 Stanmore Hill

Stanmore

Middlesex

HA7 3DS

FIXED ASSETS

Intangible assets

4

-

8,125

Tangible assets

5

150,140

171,918

Investments

6

1,330,679

1,330,679

1,480,819

1,510,722

CURRENT ASSETS

Stocks

203,859

195,866

Cash at bank and in hand

3,456

13,930

207,315

209,796

CREDITORS

Amounts falling due within one year

7

602,675

679,234

NET CURRENT LIABILITIES

(395,360

)

(469,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,085,459

1,041,284

CREDITORS

Amounts falling due after more than one year

8

758,030

735,996

NET ASSETS

327,429

305,288

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

327,427

305,286

SHAREHOLDERS' FUNDS

327,429

305,288

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 17 February 2026 and were signed on its behalf by:

N A Abbasi - Director

Mrs A A Abbasi - Director

1.	STATUTORY INFORMATION

Palmer & Rise 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.

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.

Stocks

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

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.

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 58 (2024 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

81,250

AMORTISATION

At 1 January 2025

73,125

Charge for year

8,125

At 31 December 2025

81,250

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

8,125

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

319,252

DEPRECIATION

At 1 January 2025

147,334

Charge for year

21,778

At 31 December 2025

169,112

NET BOOK VALUE

At 31 December 2025

150,140

At 31 December 2024

171,918

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

1,330,679

NET BOOK VALUE

At 31 December 2025

1,330,679

At 31 December 2024

1,330,679

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

99,195

94,997

Trade creditors

1

15,889

Taxation and social security

15,762

21,624

Other creditors

487,717

546,724

602,675

679,234

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

758,030

735,996

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

372,326

354,791