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Company Registration No. 11827452 (England and Wales)
Paynter Ltd Unaudited accounts for the year ended 28 February 2026
Paynter Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Paynter Ltd Company Information for the year ended 28 February 2026
Directors
Rebecca Elizabeth Okell Huw LLywelyn Thomas
Company Number
11827452 (England and Wales)
Registered Office
Studio 108 Netil House 1 Westgate Street London E8 3RL England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Paynter Ltd Accountants' report
Accountants' report to the board of directors of Paynter Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paynter Ltd for the year ended 28 February 2026 as set out on pages 5 - 10 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Paynter Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Paynter Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paynter Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Paynter Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Paynter Ltd. You consider that Paynter Ltd 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 accounts of Paynter Ltd. 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 11 March 2026
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Paynter Ltd Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
939
1,439
Tangible assets
5
15,594
8,513
16,533
9,952
Current assets
Inventories
46,000
-
Debtors
6
939,921
980,801
Cash at bank and in hand
1,876,345
1,746,324
2,862,266
2,727,125
Creditors: amounts falling due within one year
7
(1,099,164)
(2,098,704)
Net current assets
1,763,102
628,421
Total assets less current liabilities
1,779,635
638,373
Provisions for liabilities
Deferred tax
(4,134)
(2,488)
Net assets
1,775,501
635,885
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,775,499
635,883
Shareholders' funds
1,775,501
635,885
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by
Rebecca Elizabeth Okell Director Company Registration No. 11827452
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Paynter Ltd Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
Paynter Ltd is a private company, limited by shares, registered in England and Wales, registration number 11827452. The registered office is Studio 108 Netil House, 1 Westgate Street, London, E8 3RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future, and therefore have adopted the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefit will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Where payments are received from customers in advance of the goods being provided, these payments are accounted for as deferred income and included within creditors.
Interest Income
Interest income is recognised in profit or loss using the effective interest method.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Paynter Ltd Notes to the Accounts for the year ended 28 February 2026
Taxation
Income tax expense represents the sum of the tax payable and 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 accounts. 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 tax expense for the year comprises current. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Amortisation has been provided using the straight line method at the following rates in order to write off the assets over their estimated useful lives: - Website 25%
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided using the straight line method at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
50%
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Paynter Ltd Notes to the Accounts for the year ended 28 February 2026
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Paynter Ltd Notes to the Accounts for the year ended 28 February 2026
4
Intangible fixed assets
Other
£
Cost
At 1 March 2025
3,500
At 28 February 2026
3,500
Amortisation
At 1 March 2025
2,061
Charge for the year
500
At 28 February 2026
2,561
Net book value
At 28 February 2026
939
At 28 February 2025
1,439
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2025
17,284
4,580
21,864
Additions
7,831
4,770
12,601
At 28 February 2026
25,115
9,350
34,465
Depreciation
At 1 March 2025
10,700
2,651
13,351
Charge for the year
2,030
3,490
5,520
At 28 February 2026
12,730
6,141
18,871
Net book value
At 28 February 2026
12,385
3,209
15,594
At 28 February 2025
6,584
1,929
8,513
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
-
1,944
Amounts due from group undertakings etc.
1,409
375
Accrued income and prepayments
142,049
457,364
Other debtors
796,463
521,118
939,921
980,801
- 9 -
Paynter Ltd Notes to the Accounts for the year ended 28 February 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
3,390
28,369
Trade creditors
6,468
63,220
Taxes and social security
318,858
615,029
Other creditors
25
7,375
Loans from directors
1,956
10,194
Deferred income
768,467
1,374,517
1,099,164
2,098,704
8
Transactions with related parties
The company has taken advantage of an exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. At the reporting date, the company had the following outstanding balances due from other group related company's: PNTR Ltd £1,408 (2025: £375) These amounts are disclosed in Amounts due from group undertakings.
9
Controlling party
The ultimate parent company was HB Studio Ltd, a company registered in the United Kingdom with the following registered office: 108 Netil House 1 Westgate Street London Greater London E8 3RL The ultimate controlling parties were Mr H Thomas and Mrs R Okell, by virtue of their 100% ownership of HB Studio Ltd.
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).
- 10 -