IRIS Accounts Production v24.3.2.46 03871485 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038714852023-04-30038714852024-04-30038714852023-05-012024-04-30038714852022-04-30038714852022-05-012023-04-30038714852023-04-3003871485ns14:PoundSterling2023-05-012024-04-3003871485ns10:Director12023-05-012024-04-3003871485ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003871485ns10:SmallEntities2023-05-012024-04-3003871485ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003871485ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003871485ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003871485ns10:AbridgedAccounts2023-05-012024-04-3003871485ns10:Director22023-05-012024-04-3003871485ns10:CompanySecretary12023-05-012024-04-3003871485ns10:RegisteredOffice2023-05-012024-04-3003871485ns5:CurrentFinancialInstruments2024-04-3003871485ns5:CurrentFinancialInstruments2023-04-3003871485ns5:ShareCapital2024-04-3003871485ns5:ShareCapital2023-04-3003871485ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3003871485ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3003871485ns5:RetainedEarningsAccumulatedLosses2024-04-3003871485ns5:RetainedEarningsAccumulatedLosses2023-04-3003871485ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003871485ns5:PlantMachinery2023-05-012024-04-3003871485ns5:ComputerEquipment2023-05-012024-04-3003871485ns5:DeferredTaxation2023-04-3003871485ns5:DeferredTaxation2023-05-012024-04-3003871485ns5:DeferredTaxation2024-04-3003871485ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-30
REGISTERED NUMBER: 03871485















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

EDWARD SINCLAIR LIMITED

EDWARD SINCLAIR LIMITED (REGISTERED NUMBER: 03871485)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


EDWARD SINCLAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTORS: Mr E G S Killwick
Miss J R Lancaster





SECRETARY: Miss J R Lancaster





REGISTERED OFFICE: The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU





REGISTERED NUMBER: 03871485





ACCOUNTANTS: Wallis White & Co
Accountants and Tax Consultants
The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU

EDWARD SINCLAIR LIMITED (REGISTERED NUMBER: 03871485)

ABRIDGED BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 940,872 927,797
Investments 5 778,599 721,102
1,719,471 1,648,899

CURRENT ASSETS
Debtors 34,411 21,274
Cash at bank 7,724 117,663
42,135 138,937
CREDITORS
Amounts falling due within one year 3,036 18,097
NET CURRENT ASSETS 39,099 120,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,758,570

1,769,739

PROVISIONS FOR LIABILITIES 6 52,118 37,613
NET ASSETS 1,706,452 1,732,126

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 109,627 147,777
Retained earnings 1,596,725 1,584,249
SHAREHOLDERS' FUNDS 1,706,452 1,732,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

EDWARD SINCLAIR LIMITED (REGISTERED NUMBER: 03871485)

ABRIDGED BALANCE SHEET - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 January 2025 and were signed on its behalf by:





Mr E G S Killwick - Director


EDWARD SINCLAIR LIMITED (REGISTERED NUMBER: 03871485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024


1. STATUTORY INFORMATION

Edward Sinclair Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EDWARD SINCLAIR LIMITED (REGISTERED NUMBER: 03871485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 949,688
Additions 9,995
Revaluations 5,000
At 30 April 2024 964,683
DEPRECIATION
At 1 May 2023 21,891
Charge for year 1,920
At 30 April 2024 23,811
NET BOOK VALUE
At 30 April 2024 940,872
At 30 April 2023 927,797

Cost or valuation at 30 April 2024 is represented by:

Totals
£   
Valuation in 2019 47,440
Valuation in 2020 64,968
Valuation in 2021 20,000
Valuation in 2023 62,872
Valuation in 2024 5,000
Cost 764,403
964,683

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 May 2023 721,102
Additions 117,680
Disposals (30,000 )
Revaluations (30,183 )
At 30 April 2024 778,599
NET BOOK VALUE
At 30 April 2024 778,599
At 30 April 2023 721,102

EDWARD SINCLAIR LIMITED (REGISTERED NUMBER: 03871485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:
Totals
£   
Valuation in 2023 (10,400 )
Valuation in 2024 (30,183 )
Cost 819,182
778,599

6. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 2,048 510
Deferred tax 50,070 37,103
52,118 37,613

Deferred
tax
£   
Balance at 1 May 2023 37,613
Provided during year 14,505
Balance at 30 April 2024 52,118

7. RESERVES
Fair
value
reserve
£   
At 1 May 2023 147,777
Increase (Decrease)in value of
freehold property (7,967 )
Decrease in value of
investments (30,183 )

At 30 April 2024 109,627