REGISTERED NUMBER: 06059014 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Pentney House Gifts Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

157,344

189,473

157,344

189,473

Current assets

Stocks

116,250

117,000

Debtors

7

32,079

13,152

Cash at bank

19,716

31,574

168,045

161,726

Creditors

Amounts falling due within one year

8

(167,164

)

(176,619

)

Net current assets/(liabilities)

881

(14,893

)

Total assets less current liabilities

158,225

174,580

Creditors

Amounts falling due after more than one year

9

(24,604

)

(41,807

)

Net assets

133,621

132,773

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

132,621

131,773

133,621

132,773

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Mrs V C Graham-Wood - Director

1.	Statutory information

Pentney House Gifts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06059014

Registered office:

The Stables Barkers Lane

The Green

Burnham Market

Kings Lynn

Norfolk

PE31 8HD

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 20% Straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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 the cost less estimated residual value of each asset over its estimated useful life.

Long leasehold

-

Straight line over 10 years

Fixtures and fittings

-

15% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Stocks

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

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4.	Employees and directors

The average number of employees during the year was 16 (2024 - 16 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2025

and 31 December 2025

60,000

Amortisation

At 1 January 2025

and 31 December 2025

60,000

Net book value

At 31 December 2025

-

At 31 December 2024

-

6.	Tangible fixed assets

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2025

368,782

12,993

82,544

76,387

540,706

Additions

11,456

-

1,417

-

12,873

Disposals

-

-

-

(39,422

)

(39,422

)

At 31 December 2025

380,238

12,993

83,961

36,965

514,157

Depreciation

At 1 January 2025

235,113

9,488

70,207

36,425

351,233

Charge for year

18,926

526

2,010

7,731

29,193

Eliminated on disposal

-

-

-

(23,613

)

(23,613

)

At 31 December 2025

254,039

10,014

72,217

20,543

356,813

Net book value

At 31 December 2025

126,199

2,979

11,744

16,422

157,344

At 31 December 2024

133,669

3,505

12,337

39,962

189,473

7.

Debtors

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Other debtors

31,479

13,152

31.12.25

31.12.24

£

£

Amounts falling due after more than one year:

Other debtors

600

-

Aggregate amounts

32,079

13,152

8.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,395

10,398

Other loans

13,818

11,824

Hire purchase contracts

-

7,037

Trade creditors

4,636

4,425

Tax

17,767

11,607

Social security and other taxes

2,252

3,008

Wages payable

-

2,303

VAT liability

14,271

11,908

Other creditors

24

-

Directors' loan accounts

104,517

105,777

Accrued expenses

5,484

8,332

167,164

176,619

9.

Creditors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Bank loans - 2-5 years

-

4,383

Other loans - 1-2 years

19,604

33,421

Hire purchase contracts

-

4,003

Other creditors

5,000

-

24,604

41,807

10.	Secured debts

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

-

11,040

11.	Related party transactions

The company operates from premises owned by the directors rent free.