REGISTERED NUMBER: 04446382 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STERLING PROFESSIONAL FINANCE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs J Rughani

Mr S Rughani

SECRETARY:

Mr P Jariwala

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

04446382 (England and Wales)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sterling Professional Finance Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sterling Professional Finance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sterling Professional Finance Limited and state those matters that we have agreed to state to the Board of Directors of Sterling Professional Finance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sterling Professional Finance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sterling Professional Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sterling Professional Finance Limited. You consider that Sterling Professional Finance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sterling Professional Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

24 December 2025

FIXED ASSETS

Property, plant and equipment

4

832,550

845,279

CURRENT ASSETS

Debtors

5

234,924

188,724

Cash at bank and in hand

584,151

570,554

819,075

759,278

CREDITORS

Amounts falling due within one year

6

73,822

42,495

NET CURRENT ASSETS

745,253

716,783

TOTAL ASSETS LESS CURRENT LIABILITIES

1,577,803

1,562,062

CREDITORS

Amounts falling due after more than one year

7

(297,590

)

(320,814

)

PROVISIONS FOR LIABILITIES

(17,462

)

(10,489

)

NET ASSETS

1,262,751

1,230,759

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,262,651

1,230,659

SHAREHOLDERS' FUNDS

1,262,751

1,230,759

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mrs J Rughani - Director

1.	STATUTORY INFORMATION

Sterling Professional Finance 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.

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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Freehold property

-

2% on cost of building

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

852,982

20,971

128,327

24,875

1,027,155

Disposals

-

-

-

(7,009

)

(7,009

)

At 31 March 2025

852,982

20,971

128,327

17,866

1,020,146

DEPRECIATION

At 1 April 2024

35,994

17,239

105,487

23,156

181,876

Charge for year

5,512

933

5,710

573

12,728

Eliminated on disposal

-

-

-

(7,008

)

(7,008

)

At 31 March 2025

41,506

18,172

111,197

16,721

187,596

NET BOOK VALUE

At 31 March 2025

811,476

2,799

17,130

1,145

832,550

At 31 March 2024

816,988

3,732

22,840

1,719

845,279

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

60,517

59,749

Other debtors

174,407

128,975

234,924

188,724

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,227

13,231

Trade creditors

247

13,580

Taxation and social security

12,776

14,134

Other creditors

42,572

1,550

73,822

42,495

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

297,590

320,814

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

224,681

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

315,817

334,045

The bank loan is secured by a fixed and floating charge over the property owned by the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the director owed £13,382 (2024: £17,189) to the company. The company charged interest at 2.25% per annum on the amount owed by the director.