REGISTERED NUMBER: 05737806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PICADOR MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J West

Mrs W West

SECRETARY:

Mrs W West

REGISTERED OFFICE:

16 Hillside

East Dean

Eastbourne

BN20 0HE

REGISTERED NUMBER:

05737806 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Eastbourne) Limited

18 Hyde Gardens

Eastbourne

East Sussex

BN21 4PT

FIXED ASSETS

Tangible assets

4

4,333

11,391

CURRENT ASSETS

Debtors

5

4,800

8,423

Cash at bank

111,272

90,009

116,072

98,432

CREDITORS

Amounts falling due within one year

6

51,405

36,553

NET CURRENT ASSETS

64,667

61,879

TOTAL ASSETS LESS CURRENT LIABILITIES

69,000

73,270

PROVISIONS FOR LIABILITIES

823

2,848

NET ASSETS

68,177

70,422

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

67,177

69,422

68,177

70,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 10 December 2025 and were signed on its behalf by:

Mr J West - Director

Mrs W West - Director

1.	STATUTORY INFORMATION

Picador Management 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,668

14,021

5,117

22,806

Additions

-

-

5,409

5,409

Disposals

-

(14,021

)

(2,522

)

(16,543

)

At 31 March 2025

3,668

-

8,004

11,672

DEPRECIATION

At 1 April 2024

3,576

6,133

1,706

11,415

Charge for year

92

-

2,667

2,759

Eliminated on disposal

-

(6,133

)

(702

)

(6,835

)

At 31 March 2025

3,668

-

3,671

7,339

NET BOOK VALUE

At 31 March 2025

-

-

4,333

4,333

At 31 March 2024

92

7,888

3,411

11,391

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

8,423

Other debtors

4,800

-

4,800

8,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,191

457

Taxation and social security

19,905

4,677

Other creditors

29,309

31,419

51,405

36,553