Pyne Associates Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 08830352 (England and Wales)
Pyne Associates Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Pyne Associates Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
445,000
667,500
Current assets
Debtors
4
440,704
467,820
Cash at bank and in hand
95,315
199,593
536,019
667,413
Creditors: amounts falling due within one year
5
(943,399)
(1,233,671)
Net current liabilities
(407,380)
(566,258)
Net assets
37,620
101,242
Capital and reserves
Called up share capital
6
111
111
Profit and loss reserves
37,509
101,131
Total equity
37,620
101,242

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 January 2025 and are signed on its behalf by:
E Crocker
Director
Company Registration No. 08830352
Pyne Associates Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

Pyne Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services.

1.3
Intangible fixed assets - goodwill

Acquired goodwill was being written off in equal annual installments over its estimated useful economic life of 10 years.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Pyne Associates Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
8,900,000
Amortisation and impairment
At 1 January 2023
8,232,500
Amortisation charged for the year
222,500
At 31 December 2023
8,455,000
Carrying amount
At 31 December 2023
445,000
At 31 December 2022
667,500
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
32,687
95,359
Prepayments and accrued income
408,017
372,461
440,704
467,820
Pyne Associates Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
15,202
-
0
Taxation and social security
-
0
7,087
Other creditors
925,197
1,223,584
Accruals and deferred income
3,000
3,000
943,399
1,233,671
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 ordinary shares of £1 each
100
100
11 ordinary 'A' shares of £1 each
11
11
111
111
7
Parent company
In the opinion of the directors there is no ultimate controlling party.
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