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COMPANY REGISTRATION NUMBER: 15113401
Sinclair Holdco Ltd
Filleted Unaudited Financial Statements
31 January 2025
Sinclair Holdco Ltd
Financial Statements
Period from 4 September 2023 to 31 January 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Sinclair Holdco Ltd
Statement of Financial Position
31 January 2025
31 Jan 25
Note
£
Fixed assets
Investments
5
100
Current assets
Debtors
6
136,111
Cash at bank and in hand
100
---------
136,211
Creditors: amounts falling due within one year
7
136,585
---------
Net current liabilities
374
----
Total assets less current liabilities
( 274)
----
Net liabilities
( 274)
----
Capital and reserves
Called up share capital
200
Profit and loss account
( 474)
----
Shareholders deficit
( 274)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the Period ending 31 January 2025 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 financial statements for the Period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sinclair Holdco Ltd
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
Mr G Sinclair
Director
Company registration number: 15113401
Sinclair Holdco Ltd
Notes to the Financial Statements
Period from 4 September 2023 to 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Cantebury, CT1 3DN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors will continue to support the company and believe that the company will generate a profit in future periods therefore the accounts have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the Period amounted to 2 .
5. Investments
Shares in participating interests
£
Cost
At 4 September 2023
Additions
100
----
At 31 January 2025
100
----
Impairment
At 4 September 2023 and 31 January 2025
----
Carrying amount
At 31 January 2025
100
----
At the balance sheet date, the company's investments consisted of the ownership of 50% of the ordinary share capital of Ostberg Sinclair & Co Ltd.
6. Debtors
31 Jan 25
£
Other debtors
136,111
---------
7. Creditors: amounts falling due within one year
31 Jan 25
£
Other creditors
136,585
---------
8. Directors' advances, credits and guarantees
During the period, a director was advanced £479,756 and made repayments of £344,221. Interest of £576 was charged on the loan at a rate of 2.25% p/a. At the period end a director owed the company £136,111
9. Related party transactions
At the balance sheet date, the company owed £135,535 to a company associated by common control.