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Company No: 08776123 (England and Wales)

PINCH (LONDON) LIMITED

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

PINCH (LONDON) LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

PINCH (LONDON) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
PINCH (LONDON) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,215 1,628
1,215 1,628
Current assets
Debtors
- due within one year 4 24,968 20,754
- due after more than one year 4 5,633 0
Cash at bank and in hand 0 8,022
30,601 28,776
Creditors: amounts falling due within one year 5 ( 31,061) ( 25,538)
Net current (liabilities)/assets (460) 3,238
Total assets less current liabilities 755 4,866
Provision for liabilities 6 ( 304) ( 407)
Net assets 451 4,459
Capital and reserves
Called-up share capital 2 2
Profit and loss account 449 4,457
Total shareholders' funds 451 4,459

For the financial year ending 30 November 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 Pinch (London) Limited (registered number: 08776123) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Ms P Crawford
Director

29 August 2025

PINCH (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
PINCH (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Pinch (London) 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 8a Woodsome Road, London, NW5 1RY, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position 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 or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 December 2023 3,696 3,696
Additions 260 260
At 30 November 2024 3,956 3,956
Accumulated depreciation
At 01 December 2023 2,068 2,068
Charge for the financial year 673 673
At 30 November 2024 2,741 2,741
Net book value
At 30 November 2024 1,215 1,215
At 30 November 2023 1,628 1,628

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 2,688 7,206
Amounts owed by directors 16,690 9,423
Accrued income 4,590 4,125
Other debtors 1,000 0
24,968 20,754
Debtors: amounts falling due after more than one year
S455 5,633 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 582 0
Accruals 3,910 3,556
Corporation tax 20,327 18,593
Other taxation and social security 5,016 2,972
Other creditors 1,226 417
31,061 25,538

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 407) ( 391)
Credited/(charged) to the Income Statement 103 ( 16)
At the end of financial year ( 304) ( 407)

The deferred taxation balance is made up as follows:

2024 2023
£ £
Accelerated capital allowances ( 304) ( 407)

7. Related party transactions

At the year end the directors owed the company £16,690 in the form of an interest free loan (2023 - £9,423).