Registration number: 15279841

PY Commercial Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

PY Commercial Limited

Company Information

Director

K S Waters

Registered office

Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants

Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

PY Commercial Limited

(Registration number: 15279841)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	765,000	765,000
Current assets
Debtors	5	88,270	239
Cash at bank and in hand		16,182	2,070
		104,452	2,309
Creditors: Amounts falling due within one year	6	(26,652)	(1,860)
Net current assets		77,800	449
Total assets less current liabilities		842,800	765,449
Creditors: Amounts falling due after more than one year	6	(954,087)	(794,534)
Net liabilities		(111,287)	(29,085)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(111,387)	(29,185)
Shareholders' deficit		(111,287)	(29,085)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2026
 

......................................... K S Waters Director

PY Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

These financial statements were authorised for issue by the director on 23 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the 31 December 2025 the Company's liabilities exceeded its assets by £111,287. In accordance with his responsibility the director has considered the appropriateness of the going concern basis for the preparation of the financial statements and has concluded it is appropriate due to the continuing financial support of the shareholders.

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.

PY Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4	Investment properties

	2025 £
At 1 January	765,000
At 31 December	765,000

There has been no valuation of investment property by an independent valuer.

PY Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5

Debtors

Current	2025 £	2024 £
Prepayments	-	154
Other debtors	88,270	85
	88,270	239

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	675	360
Taxation and social security	417	-
Accruals and deferred income	11,500	1,500
Other creditors	14,060	-
	26,652	1,860

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	954,087	794,534

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

PY Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8	Related party transactions

Summary of transactions with parent

Ponder Yonder Limited
(The parent company) Provision of a working capital loan with no interest or fixed date of repayment

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	11,560

2024

Loans from related parties

2025	Parent £	Total £
At start of period	794,534	794,534
Advanced	987,895	987,895
Repaid	(973,895)	(973,895)
Interest transactions	145,553	145,553
At end of period	954,087	954,087

2024	Parent £	Total £
At start of period	794,634	794,634
Repaid	(100)	(100)
At end of period	794,534	794,534

9	Parent and ultimate parent undertaking

The company's immediate parent is Ponder Yonder Limited, incorporated in England.