COMPANY REGISTRATION NUMBER:
03966367
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2025
Fixed assets
Current assets
|
Debtors |
6 |
222,208 |
|
185,234 |
|
Cash at bank and in hand |
19,640 |
|
31,805 |
|
--------- |
|
--------- |
|
241,848 |
|
217,039 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
17,561 |
|
16,273 |
|
--------- |
|
--------- |
|
Net current assets |
|
224,287 |
200,766 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
224,287 |
200,846 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
(
14,150) |
(
11,777) |
|
|
--------- |
--------- |
|
Net assets |
|
238,437 |
212,623 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
8 |
|
180,000 |
180,000 |
|
Profit and loss account |
|
58,437 |
32,623 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
238,437 |
212,623 |
|
|
--------- |
--------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2026
, and are signed on behalf of the board by:
Company registration number:
03966367
|
Notes to the Financial Statements |
|
Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis as its parent company, Pierre Guerin SAS, has indicated that it will continue to provide financial support to the company for at least twelve months from the date of approval of these financial statements.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Pierre Guerin SAS. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) No disclosure has been given for the aggregate remuneration of key management personnel.
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. There are no significant areas of judgement or estimate included in these accounts. Accounting estimates include depreciation, prepayments and accruals.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year. Revenue from the rendering of services is measured by reference to the stage of completion or the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each period. 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
The average number of employees does not include the directors of the companies.
5.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 January 2025 and 31 December 2025 |
|
539 |
|
---- |
---- |
|
Depreciation |
|
|
|
At 1 January 2025 |
|
459 |
|
Charge for the year |
|
80 |
|
---- |
---- |
|
At 31 December 2025 |
|
539 |
|
---- |
---- |
|
Carrying amount |
|
|
|
At 31 December 2025 |
– |
– |
|
---- |
---- |
|
At 31 December 2024 |
|
80 |
|
---- |
---- |
|
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings |
222,000 |
185,000 |
|
Other debtors |
208 |
234 |
|
--------- |
--------- |
|
222,208 |
185,234 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
1,120 |
882 |
|
Amounts owed to group undertakings |
8,429 |
– |
|
Accruals and deferred income |
4,880 |
4,480 |
|
Social security and other taxes |
1,652 |
2,337 |
|
Other creditors |
1,480 |
8,574 |
|
-------- |
-------- |
|
17,561 |
16,273 |
|
-------- |
-------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary Class 1 shares of £ 1 each |
180,000 |
180,000 |
180,000 |
180,000 |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
9.
Summary audit opinion
The auditor's report dated
30 September 2026
was
unqualified
.
The senior statutory auditor was
Philippa Miller-Hawkes BA CA
, for and on behalf of
TC Group
.
10.
Controlling party
The company is wholly owned by Pierre Guerin SAS, a company registered in France. The ultimate controlling party is Bouygues SA. The registered office of Bouygues SA is located as 32 Avenue Hoche, 75008 Pairs, France.