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Registration number: 04411930

Sensory Perspective Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Sensory Perspective Limited
Company registration number 4411930

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Sensory Perspective Limited
Company registration number 4411930

Company Information

Director

N S Clough

Registered office

7 Bell Yard
London
WC2A 2JR

 

Sensory Perspective Limited
Company registration number 4411930

Director's Report for the Year Ended 30 November 2024

The director presents his report and the financial statements for the year ended 30 November 2024.

Directors of the company

The directors who held office during the year were as follows:

N S Clough (appointed 4 October 2024)

Susanna Patricia Fitzgerald (resigned 18 August 2025)

Principal activity

The principal activity of the company is the manufacture and retail of electronic equipment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 August 2025
 

.........................................
N S Clough
Director

 

Sensory Perspective Limited
Company registration number 4411930

Balance Sheet as at 30 November 2024

Note

30 November
2024
£

30 November
2023
£

Fixed assets

 

Investments

5

709

709

Current assets

 

Stocks

6

4,615

3,390

Debtors

7

243,054

1,932

Cash at bank and in hand

 

7,571

274

 

255,240

5,596

Creditors: Amounts falling due within one year

8

(231,969)

(258,676)

Net current assets/(liabilities)

 

23,271

(253,080)

Total assets less current liabilities

 

23,980

(252,371)

Creditors: Amounts falling due after more than one year

8

(2,660)

(3,058)

Net assets/(liabilities)

 

21,320

(255,429)

Capital and reserves

 

Called up share capital

9

16,517

16,517

Share premium reserve

111,048

111,048

Treasury shares

(598)

(825)

Retained earnings

(105,647)

(382,169)

Shareholders' funds/(deficit)

 

21,320

(255,429)

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

 

Sensory Perspective Limited
Company registration number 4411930

Balance Sheet as at 30 November 2024

Approved and authorised by the director on 29 August 2025
 

.........................................
N S Clough
Director

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Bell Yard
London
WC2A 2JR

These financial statements were authorised for issue by the director on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentational currency is Great British Pounds ("GBP").

Departure from requirements of FRS 102

The company takes advantage of CA 2006 s.399 (2A) not to prepare Group accounts on the grounds that it qualifies as a small company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance method


 

Development costs

Development expenditure is capitalised and amortised over its useful life, after demonstrating the following:-
(a) The technical feasibility of completing the intangible asset so that it will be available for use or sale.
(b) the intention to complete the intangible asset and use or sell it.
(c) the ability to use or sell the intangible asset.
(d) the intangible asset will generate probable future economic benefits.
(e) the availability of adequate technical, financial and other resources to complete
the development and to use or sell the intangible asset.
(f) the ability to measure reliably the expenditure attributable to the intangible asset
during its development.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Capitalised development costs

Straight line method over 10 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Other tangible assets
 £

Total
£

Cost or valuation

At 1 December 2023

70,888

70,888

At 30 November 2024

70,888

70,888

Depreciation

At 1 December 2023

70,888

70,888

At 30 November 2024

70,888

70,888

Carrying amount

At 30 November 2024

-

-

5

Investments

30 November
2024
£

30 November
2023
£

Investments in associates

709

709

6

Stocks

30 November
2024
£

30 November
2023
£

Other inventories

4,615

3,390

7

Debtors

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

30 November
2024
£

30 November
2023
£

Amounts owed by subsidiary undertakings

242,509

1,782

Other debtors

545

150

243,054

1,932

In the Company's 2021 accounts, the Director and Shareholders of the Company deemed it appropriate to attribute a nil value to its loan to its subsidiary company, Durridge Company Inc. However in 2022, Durridge Company Inc successfully reorganised its finances, and in January 2024 reported it was able to assume a portion of the original liability and begin making repayments. The Directors and Shareholders of the Company agreed to reinstate the loan to Durridge into its accounts, effective January 2024, in the amount of £275,565. The recoverable amount outstanding at the end of the year is £237,501.

8

Creditors

Creditors: amounts falling due within one year

Note

30 November
2024
£

30 November
2023
£

Due within one year

 

Loans

205,953

212,997

Trade creditors

 

8,481

15,525

Accruals and deferred income

 

1,850

1,100

Other creditors

 

15,685

29,054

 

231,969

258,676


 

 

Sensory Perspective Limited
Company registration number 4411930

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Creditors: amounts falling due after more than one year

Note

30 November
2024
£

30 November
2023
£

Due after one year

 

Loans and borrowings

2,660

3,058

9

Share capital

Allotted, called up and fully paid shares

30 November
2024

30 November
2023

No.

£

No.

£

Ordinary of £0.10 each

165,170

16,517

165,170

16,517