Registration number: 16258588

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Company Information

Directors

K Chambers G Chambers

Registered office

C/O Herbert Lewis Williams Leigh Court Business Centre Abbots Leigh Bristol BS8 3RA

Accountants

Herbert Lewis Williams & Associates Limited Chartered Certified AccountantsLeigh Court Business Centre Abbots Leigh Bristol BS8 3RA

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

(Registration number: 16258588)
Balance Sheet as at 28 February 2026

	Note	2026 £
Fixed assets
Tangible assets	4	30,531
Current assets
Stocks	5	11,766
Debtors	6	9,299
Cash at bank and in hand		71,889
		92,954
Creditors: Amounts falling due within one year	7	(91,609)
Net current assets		1,345
Total assets less current liabilities		31,876
Provisions for liabilities		(5,801)
Net assets		26,075
Capital and reserves
Called up share capital	8	100
Retained earnings		25,975
Shareholders' funds		26,075

For the financial period ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2026 and signed on its behalf by:
 

......................................... K Chambers Director

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Notes to the Unaudited Financial Statements for the Period from 18 February 2025 to 28 February 2026

1	General information

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

The address of its registered office is:
C/O Herbert Lewis Williams
Leigh Court Business Centre
Abbots Leigh
Bristol
BS8 3RA

These financial statements were authorised for issue by the Board on 18 August 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.

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.

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Notes to the Unaudited Financial Statements for the Period from 18 February 2025 to 28 February 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% straight line basis

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.

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Notes to the Unaudited Financial Statements for the Period from 18 February 2025 to 28 February 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Notes to the Unaudited Financial Statements for the Period from 18 February 2025 to 28 February 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 20.

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Notes to the Unaudited Financial Statements for the Period from 18 February 2025 to 28 February 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	34,915	34,915
At 28 February 2026	34,915	34,915
Depreciation
Charge for the period	4,384	4,384
At 28 February 2026	4,384	4,384
Carrying amount
At 28 February 2026	30,531	30,531

5

Stocks

	2026 £
Other inventories	11,766

6

Debtors

Current	2026 £
Prepayments	692
Other debtors	8,607
	9,299

7

Creditors

Creditors: amounts falling due within one year

	2026 £
Due within one year
Trade creditors	8,424
Taxation and social security	12,625
Accruals and deferred income	3,963
Other creditors	66,597
	91,609

PH Events & Hospitality Ltd

trading as The Portsmouth Hoy

Notes to the Unaudited Financial Statements for the Period from 18 February 2025 to 28 February 2026

8	Share capital

Allotted, called up and fully paid shares

	2026
	No.	£
Ordinary of £1 each	100	100