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REGISTERED NUMBER: 08887951 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PENSARA GROUP LTD

PENSARA GROUP LTD (REGISTERED NUMBER: 08887951)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENSARA GROUP LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: D J Armstrong
N P J Evans





REGISTERED OFFICE: 10 London Mews
Paddington
London
W2 1HY





REGISTERED NUMBER: 08887951 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

PENSARA GROUP LTD (REGISTERED NUMBER: 08887951)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,277 2,670
Tangible assets 5 56,630 70,658
58,907 73,328

CURRENT ASSETS
Debtors 6 409,583 252,981
Cash at bank 323,634 245,658
733,217 498,639
CREDITORS
Amounts falling due within one year 7 299,936 177,157
NET CURRENT ASSETS 433,281 321,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,188

394,810

CREDITORS
Amounts falling due after more than one
year

8

13,955

24,117
NET ASSETS 478,233 370,693

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 478,132 370,592
478,233 370,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

PENSARA GROUP LTD (REGISTERED NUMBER: 08887951)

BALANCE SHEET - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




D J Armstrong - Director



N P J Evans - Director


PENSARA GROUP LTD (REGISTERED NUMBER: 08887951)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pensara Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced services, excluding value added tax.

Rendering of services

Revenue for providing services are recognised when the service has been completed.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over period of lease
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and other creditors.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation is 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

PENSARA GROUP LTD (REGISTERED NUMBER: 08887951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 March 2023
and 29 February 2024 3,931
AMORTISATION
At 1 March 2023 1,261
Amortisation for year 393
At 29 February 2024 1,654
NET BOOK VALUE
At 29 February 2024 2,277
At 28 February 2023 2,670

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 March 2023 18,520 56,748 36,794 112,062
Additions 131 12,907 5,682 18,720
At 29 February 2024 18,651 69,655 42,476 130,782
DEPRECIATION
At 1 March 2023 9,691 20,386 11,327 41,404
Charge for year 8,960 14,816 8,972 32,748
At 29 February 2024 18,651 35,202 20,299 74,152
NET BOOK VALUE
At 29 February 2024 - 34,453 22,177 56,630
At 28 February 2023 8,829 36,362 25,467 70,658

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 167,439 70,376
Other debtors 242,144 182,605
409,583 252,981

PENSARA GROUP LTD (REGISTERED NUMBER: 08887951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 28,798 12,650
Taxation and social security 133,332 106,413
Other creditors 137,806 58,094
299,936 177,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,955 24,117

9. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £96,835.

10. RELATED PARTY DISCLOSURES

During the year, the company paid final dividends to the shareholders in the sum of £80,000 (2023: £16,000).

Included in the other creditors are loans totalling £40,000 (2023: £7,958) made to the company by the directors.

Included in other debtors are amounts owed by a shareholder totalling £1,193 (2023: £Nil) to the company.

On 10 August 2023 Pensara LLC was formed in the United States of America. The LLC is owned 100% by Pensara Group Limited.

11. RESERVES

Dividends voted in the year are in the sum of £80,000 (2023: £19,536). The only other movement in retained earnings is the profit for the year.