Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Simon Goncalo Barbosa Steel Hart 05/10/2007 Malcolm John Mcgregor 05/10/2007 01 April 2025 The principal activity of the Company during the financial year was that of architecture. 03189549 2024-09-30 03189549 bus:Director1 2024-09-30 03189549 bus:Director2 2024-09-30 03189549 2023-09-30 03189549 core:CurrentFinancialInstruments 2024-09-30 03189549 core:CurrentFinancialInstruments 2023-09-30 03189549 core:Non-currentFinancialInstruments 2024-09-30 03189549 core:Non-currentFinancialInstruments 2023-09-30 03189549 core:ShareCapital 2024-09-30 03189549 core:ShareCapital 2023-09-30 03189549 core:RetainedEarningsAccumulatedLosses 2024-09-30 03189549 core:RetainedEarningsAccumulatedLosses 2023-09-30 03189549 core:LandBuildings 2023-09-30 03189549 core:OtherPropertyPlantEquipment 2023-09-30 03189549 core:LandBuildings 2024-09-30 03189549 core:OtherPropertyPlantEquipment 2024-09-30 03189549 bus:OrdinaryShareClass1 2024-09-30 03189549 2023-10-01 2024-09-30 03189549 bus:FilletedAccounts 2023-10-01 2024-09-30 03189549 bus:SmallEntities 2023-10-01 2024-09-30 03189549 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03189549 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03189549 bus:Director1 2023-10-01 2024-09-30 03189549 bus:Director2 2023-10-01 2024-09-30 03189549 core:LandBuildings core:TopRangeValue 2023-10-01 2024-09-30 03189549 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-10-01 2024-09-30 03189549 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-10-01 2024-09-30 03189549 2022-10-01 2023-09-30 03189549 core:LandBuildings 2023-10-01 2024-09-30 03189549 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 03189549 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 03189549 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 03189549 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 03189549 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03189549 (England and Wales)

PRINGLE RICHARDS SHARRATT LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

PRINGLE RICHARDS SHARRATT LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

PRINGLE RICHARDS SHARRATT LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
PRINGLE RICHARDS SHARRATT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Simon Goncalo Barbosa Steel Hart
Malcolm John Mcgregor
REGISTERED OFFICE Studio 4 33 Stannary Street
London
SE11 4AA
United Kingdom
COMPANY NUMBER 03189549 (England and Wales)
ACCOUNTANT Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
PRINGLE RICHARDS SHARRATT LIMITED

BALANCE SHEET

As at 30 September 2024
PRINGLE RICHARDS SHARRATT LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 9,106 17,039
9,106 17,039
Current assets
Debtors 4 216,481 399,442
Cash at bank and in hand 5 126,525 49,096
343,006 448,538
Creditors: amounts falling due within one year 6 ( 188,720) ( 278,311)
Net current assets 154,286 170,227
Total assets less current liabilities 163,392 187,266
Creditors: amounts falling due after more than one year 7 ( 10,257) ( 16,792)
Provision for liabilities 8 ( 1,236) ( 5,137)
Net assets 151,899 165,337
Capital and reserves
Called-up share capital 9 24,320 29,440
Profit and loss account 127,579 135,897
Total shareholders' funds 151,899 165,337

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Pringle Richards Sharratt Limited (registered number: 03189549) were approved and authorised for issue by the Board of Directors on 01 April 2025. They were signed on its behalf by:

Malcolm John Mcgregor
Director
PRINGLE RICHARDS SHARRATT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
PRINGLE RICHARDS SHARRATT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
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

Pringle Richards Sharratt 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 Studio 4 33 Stannary Street, London, SE11 4AA, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 3 - 4 years straight line

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 16 19

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 October 2023 7,217 62,862 70,079
Additions 0 5,015 5,015
At 30 September 2024 7,217 67,877 75,094
Accumulated depreciation
At 01 October 2023 6,772 46,268 53,040
Charge for the financial year 445 12,503 12,948
At 30 September 2024 7,217 58,771 65,988
Net book value
At 30 September 2024 0 9,106 9,106
At 30 September 2023 445 16,594 17,039

4. Debtors

2024 2023
£ £
Trade debtors 80,558 177,860
Other debtors 135,923 221,582
216,481 399,442

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 126,525 49,096

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 11,192 16,968
Trade creditors 72,131 194,308
Taxation and social security 84,699 43,279
Other creditors 20,698 23,756
188,720 278,311

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,257 16,792

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

2024 2023
£ £
Deferred tax 1,236 5,137

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
24,320 Ordinary shares of £ 1.00 each (2023: 29,440 shares of £ 1.00 each) 24,320 29,440

During the year, the company purchased and cancelled 5,120 shares for a total consideration of £36,000

10. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 130,813 175,663

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 3,377 3,580

11. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Rental costs from a company under the control of directors 44,950 48,695

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 557 557