Company No: 01632053 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C S Stefanuto
	D Stefanuto
	F Stefanuto
	R Stefanuto (Resigned 30 September 2025)

SECRETARY

D Stefanuto

REGISTERED OFFICE	C/O S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD
	United Kingdom

COMPANY NUMBER

01632053 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	271,303		263,117
		271,303		263,117
Current assets
Stocks		7,437		6,970
Debtors	4	232,886		192,304
Cash at bank and in hand		127,224		204,642
		367,547		403,916
Creditors: amounts falling due within one year	5	( 238,210)		( 298,966)
Net current assets		129,337		104,950
Total assets less current liabilities		400,640		368,067
Provision for liabilities	6	( 27,093)		( 20,643)
Net assets		373,547		347,424
Capital and reserves
Called-up share capital	7	950		950
Revaluation reserve		161,538		178,846
Capital redemption reserve		50		50
Profit and loss account		211,009		167,578
Total shareholder's funds		373,547		347,424

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Palmgrove Catering Limited (registered number: 01632053) were approved and authorised for issue by the Board of Directors on 15 October 2026. They were signed on its behalf by:

F Stefanuto Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Palmgrove Catering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O S&W Partners (Manchester) Limited, Pall Mall, 1 Pollen Square, 59 King Street, Manchester, M2 4PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	17 years straight line
Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

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

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	49		50

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost/Valuation
At 01 February 2025	300,000		284,805		375,752		960,557
Additions	0		13,103		31,762		44,865
At 31 January 2026	300,000		297,908		407,514		1,005,422
Accumulated depreciation
At 01 February 2025	121,154		241,475		334,811		697,440
Charge for the financial year	17,308		8,465		10,906		36,679
At 31 January 2026	138,462		249,940		345,717		734,119
Net book value
At 31 January 2026	161,538		47,968		61,797		271,303
At 31 January 2025	178,846		43,330		40,941		263,117

The short leasehold land and buildings class of fixed assets was revalued on 31 January 2019 by Stuart F Beesley, FRICS who is external to the company. The basis of this valuation was on an open market basis. This class of assets has a current value of £161,538 (2025 - £178,846) and a carrying amount at historical cost of £nil (2023 - £nil).

4. Debtors

	2026		2025
	£		£
Trade debtors	4,949		20,116
Other debtors	227,937		172,188
	232,886		192,304

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	95,002		84,851
Taxation and social security	103,257		137,633
Other creditors	39,951		76,482
	238,210		298,966

6. Provision for liabilities

	2026		2025
	£		£
Deferred tax	27,093		20,643

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
950 Ordinary shares of £ 1.00 each	950		950

8. Financial commitments

Commitments

The company has total non-cancellable lease commitments at the year end totalling £1,250,000 (2025 - £1,370,000)

9. Related party transactions

Transactions with the entity's directors

At the year-end a director owed the company £nil (2025 - £3,000). The loan was interest free and was repaid during the year.

10. Ultimate controlling party

The company is controlled by C S Stefanuto by virtue of owning 100% of the issued share capital of the company.