Sherborne Publications Limited

Registered number

02652964

Accounts

For the year ended 31 March 2025

delivered to the Registrar of Companies under section 444 of the Companies Act 2006

Sherborne Publications Limited
Registered number: 02652964
Balance Sheet
As at 31 March 2025



Notes		2025		2024
£			£

Fixed assets
Tangible assets	4	15,100		23,524

Current assets
Debtors	5	60,555		60,915
Cash at bank		24,451		44,642
		85,006		105,557

Creditors: amounts falling due within one year	6	(448,878)		(453,603)

Net current liabilities		(363,872)		(348,046)

Net liabilities		(348,772)		(324,522)

Capital and reserves
Share capital	7	100		100
Accumulated losses		(348,872)		(324,622)

Net deficit		(348,772)		(324,522)


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The company has taken the option not to deliver a profit and loss account to the Registrar of Companies.





Héctor Puente Sierra
Director
Approved by the board on 21 November 2025

Sherborne Publications Limited
Notes to the Accounts
For the year ended 31 March 2025



1	Company information

	The company is a private company limited by shares, incorporated in England and registered at 71-75 Shelton Street, London, WC2H 9JQ.


2	Accounting policies

	2.1 Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard).

	2.2 Going concern
	The accounts have been prepared on the going concern basis even though at the balance sheet date the company's current liabilities exceeded its current assets. The company reviewed its forecasts for the period to 31 March 2027 together with its expectations and intentions. Based on that review, the directors consider that the company will continue to be able to meet its liabilities as they fall due for at least 12 months from the date of their approval of these accounts and therefore the going concern basis remains appropriate for preparing the company's accounts. The directors also believe that the accounts would not be materially different on any other basis.

	2.3 Functional and presentation currency
	The company's functional and presentation currency is Pound sterling ("£").

	2.4 Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised at the point of sale. Turnover from the rendering of services is recognised on completion of the service.

	2.5 Tangible assets
	Tangible assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset evenly over its expected useful life, as follows:
	Equipment and fittings	over 4 years
	Van	over 4 years

	2.6 Debtors
	Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2.7 Creditors
	Short term creditors are measured at transaction price. Longer term loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	2.8 Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	2.9 Impairment
	Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and where the carrying amount exceeds its recoverable amount an impairment loss is recognised in the profit and loss account.

	2.10 Pension contributions
	Contributions to defined contribution plans are expensed in the period to which they relate.



3	Employees				2025		2024
Number						Number

	Average number of persons employed				35		36



4	Tangible assets
			Equipment and fittings		Van		Total
£				£		£
	Cost
	At 1 April 2024		57,854		21,555		79,409
	Additions		3,707		-		3,707
	Disposals		(6,931)		-		(6,931)
	At 31 March 2025		54,630		21,555		76,185

	Depreciation
	At 1 April 2024		45,107		10,778		55,885
	Charge for the year		6,742		5,389		12,131
	On disposals		(6,931)		-		(6,931)
	At 31 March 2025		44,918		16,167		61,085

	Net book value
	At 31 March 2025		9,712		5,388		15,100
	At 31 March 2024		12,747		10,777		23,524


5	Debtors				2025		2024
£						£

	Other debtors				60,555		60,915



6	Creditors: amounts falling due within one year				2025		2024
£						£

	Trade creditors				76,527		61,990
	Taxation and social security				1,462		534
	Other creditors				370,889		391,079
					448,878		453,603


7	Share capital				2025		2024
£						£
	Allotted, called up and fully paid:
	100 Ordinary shares of £1 each				100		100