Registration number: 04580775

Paul Winston Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Paul Winston Limited

Company Information

Director

Mr Paul Winston

Company secretary

Mrs Sharon Ann Winston

Registered office

Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Accountants

Paul Winston Ltd Chartered AccountantsSilver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Paul Winston Limited

(Registration number: 04580775)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
fixed assets
tangible assets	5	1,508	2,009
Current assets
Debtors	6	247,939	205,917
Cash at bank and in hand		24,883	449,530
		272,822	655,447
Creditors: Amounts falling due within one year	7	(29,376)	(450,731)
Net current assets		243,446	204,716
Net assets		244,954	206,725
capital and reserves
Called up share capital	8	103	103
Profit and loss account		244,851	206,622
Shareholders' funds		244,954	206,725

For the financial year ending 30 November 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 June 2026
 

......................................... Mr Paul Winston Director

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

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

The address of its registered office is:
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

These financial statements were authorised for issue by the director on 6 June 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 and generates taxable income.

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the balance sheet 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
Fixtures and fittings	25% net book value
Office euipment	25% net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Goodwill	straight line over life of asset

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.

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2024	70,000	70,000
At 30 November 2025	70,000	70,000
Amortisation
At 1 December 2024	70,000	70,000
At 30 November 2025	70,000	70,000
Carrying amount
At 30 November 2025	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2024	9,678	9,678
At 30 November 2025	9,678	9,678
Depreciation
At 1 December 2024	7,669	7,669
Charge for the year	501	501
At 30 November 2025	8,170	8,170
Carrying amount
At 30 November 2025	1,508	1,508
At 30 November 2024	2,009	2,009

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

debtors

Current	Note	2025 £	2024 £
Trade debtors		57,850	42,473
Amounts owed by related parties	10	17,263	17,263
Other debtors		172,826	146,181
		247,939	205,917

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
trade creditors		15,530	8,039
Other creditors		11,063	425,724
Directors' loan accounts		2,783	16,968
		29,376	450,731

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100
B Ordinary Non-Voting of £1 each	1	1	1	1
G Ordinary Non-Voting of £1 each	1	1	1	1
E Ordinary Non-Voting of £1 each	1	1	1	1
	103	103	103	103

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil per each Ordinary		-		-
Interim dividend of £6,106.40 (2024 - £57,507.26) per each B Ordinary Non-Voting		6,106		57,507
Interim dividend of £Nil per each G Ordinary Non-Voting		-		-
Interim dividend of £Nil per each E Ordinary Non-Voting		-		-
		6,106		57,507

10	Related party transactions

Paul Winston Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,467	12,496

Summary of transactions with other related parties

Fair Rose Limited The companies are related by reason of common control and ownership.
During the year Fair Rose Ltd charged management fees to Paul Winston Ltd of £28,500 (2024 £26,990) and Paul Winston Ltd voted a dividend to Fair Rose Ltd of £6,106 (2024 £57,507).

At the balance sheet date Fair Rose Ltd owed Paul Winston Ltd £170,000 (2024 £161,170).