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REGISTERED NUMBER: 08956862 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PENNY & SINCLAIR BURFORD LTD

PENNY & SINCLAIR BURFORD LTD (REGISTERED NUMBER: 08956862)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENNY & SINCLAIR BURFORD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: O P Hope
J C Penny





REGISTERED OFFICE: 97 High Street
Burford
OX18 4QA





REGISTERED NUMBER: 08956862 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

PENNY & SINCLAIR BURFORD LTD (REGISTERED NUMBER: 08956862)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 634 419

CURRENT ASSETS
Debtors 5 10,086 8,329
Cash at bank and in hand 22,593 54,673
32,679 63,002
CREDITORS
Amounts falling due within one year 6 59,389 112,273
NET CURRENT LIABILITIES (26,710 ) (49,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,076 ) (48,852 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (26,276 ) (49,052 )
SHAREHOLDERS' FUNDS (26,076 ) (48,852 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PENNY & SINCLAIR BURFORD LTD (REGISTERED NUMBER: 08956862)

BALANCE SHEET - continued
31 DECEMBER 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 22 July 2025 and were signed on its behalf by:




J C Penny - Director



O P Hope - Director


PENNY & SINCLAIR BURFORD LTD (REGISTERED NUMBER: 08956862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Penny & Sinclair Burford 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on a going concern basis even though the company has net current liabilities at 31st December 2024 of £26,076 (2023 - £48,852).

The validity of the going concern principle is dependant upon the company continuing to trade at a profit and the continued support of the support of the group.

If the company was unable to continue trading, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, reclassify fixed assets as current assets and to provide for further liabilities that might arise.

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

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment - 33% on cost
Fixtures, fittings & equipment - 20% on cost

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.

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.


PENNY & SINCLAIR BURFORD LTD (REGISTERED NUMBER: 08956862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 16,794
Additions 735
At 31 December 2024 17,529
DEPRECIATION
At 1 January 2024 16,375
Charge for year 520
At 31 December 2024 16,895
NET BOOK VALUE
At 31 December 2024 634
At 31 December 2023 419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,086 8,329

PENNY & SINCLAIR BURFORD LTD (REGISTERED NUMBER: 08956862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,069 5,759
Taxation and social security 28,997 34,095
Other creditors 20,323 72,419
59,389 112,273

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,445 20,000
Between one and five years 80,853 80,000
In more than five years 30,236 50,236
131,534 150,236

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption provided by FRS 102 Section 33.1A, not to disclose
transactions and outstanding balances with its 100% directly or indirectly controlled subsidiaries and parent
company.