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REGISTERED NUMBER: 10247943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PENNY & SINCLAIR HENLEY LIMITED

PENNY & SINCLAIR HENLEY LIMITED (REGISTERED NUMBER: 10247943)






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 HENLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Donigan
O P Hope
J C Penny





REGISTERED OFFICE: 44 Hart Street
Henley On Thames
RG9 2AU





REGISTERED NUMBER: 10247943 (England and Wales)





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

PENNY & SINCLAIR HENLEY LIMITED (REGISTERED NUMBER: 10247943)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,232 814

CURRENT ASSETS
Debtors 5 6,265 2,241
Cash at bank 6,974 17,875
13,239 20,116
CREDITORS
Amounts falling due within one year 6 173,466 200,985
NET CURRENT LIABILITIES (160,227 ) (180,869 )
TOTAL ASSETS LESS CURRENT LIABILITIES (158,995 ) (180,055 )

CAPITAL AND RESERVES
Called up share capital 8 90 90
Share premium 16,662 16,662
Retained earnings (175,747 ) (196,807 )
SHAREHOLDERS' FUNDS (158,995 ) (180,055 )

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 HENLEY LIMITED (REGISTERED NUMBER: 10247943)

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 HENLEY LIMITED (REGISTERED NUMBER: 10247943)

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

1. STATUTORY INFORMATION

Penny & Sinclair Henley Limited 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 £158,995 (2023 - £180,055).

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:

Leasehold land and buildings - 20% on cost
Plant and equipment - 20% on cost
Fixtures and fittings - 20% on cost
Computers - 25% 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 HENLEY LIMITED (REGISTERED NUMBER: 10247943)

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 9,569 7,731 17,300
Additions - 968 968
At 31 December 2024 9,569 8,699 18,268
DEPRECIATION
At 1 January 2024 9,569 6,917 16,486
Charge for year - 550 550
At 31 December 2024 9,569 7,467 17,036
NET BOOK VALUE
At 31 December 2024 - 1,232 1,232
At 31 December 2023 - 814 814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,265 2,241

PENNY & SINCLAIR HENLEY LIMITED (REGISTERED NUMBER: 10247943)

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 10,359 7,332
Taxation and social security 17,717 6,652
Other creditors 145,390 187,001
173,466 200,985

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 28,594 28,000
Between one and five years 113,137 112,000
In more than five years 93,333 121,333
235,064 261,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
895 Ordinary 10p 90 90

9. RELATED PARTY DISCLOSURES

At the year end, the company owed £132,451 (2023: £157,451) to Penny & Sinclair Limited, the parent
company. No interest has been charged on this amount and there is no fixed date for repayment, other than it is repayable on demand.