Registration number: 06912221

Sierra Asset Management Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Sierra Asset Management Limited

Company Information

Director

A Betts

Registered office

4 The Axium Centre Dorchester Road Lytchett Minster Poole Dorset England BH16 6FE

Accountants

Addicus Plus Limited Chartered Certified Accountants4 The Axium Centre Dorchester Road Lytchett Minster Poole Dorset BH16 6FE

Sierra Asset Management Limited

(Registration number: 06912221)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	614	820
Current assets
Debtors	7	2,016	2,867
Other financial assets	6	-	19,052
Cash at bank and in hand		57,260	37,382
		59,276	59,301
Creditors: Amounts falling due within one year	8	(25,411)	(20,738)
Net current assets		33,865	38,563
Total assets less current liabilities		34,479	39,383
Creditors: Amounts falling due after more than one year	8	(2,875)	(2,875)
Provisions for liabilities		(117)	(452)
Net assets		31,487	36,056
Capital and reserves
Called up share capital		100	100
Retained earnings		31,387	35,956
Shareholders' funds		31,487	36,056

For the financial year ending 31 May 2026 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.

Sierra Asset Management Limited

(Registration number: 06912221)
Balance Sheet as at 31 May 2026

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 15 June 2026
 

A Betts Director

Sierra Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

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

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

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 and deferred 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.

Sierra Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Office equipment	25% reducing balance

Sierra Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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:

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2025 - 3).

Sierra Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2025	200,000	200,000
At 31 May 2026	200,000	200,000
Amortisation
At 1 June 2025	200,000	200,000
At 31 May 2026	200,000	200,000
Carrying amount
At 31 May 2026	-	-

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 June 2025	2,992	2,992
At 31 May 2026	2,992	2,992
Depreciation
At 1 June 2025	2,172	2,172
Charge for the year	206	206
At 31 May 2026	2,378	2,378
Carrying amount
At 31 May 2026	614	614
At 31 May 2025	820	820

Sierra Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost or valuation
At 1 June 2025	19,052	19,052
Fair value adjustments	(1,556)	(1,556)
Additions	13,100	13,100
Disposals	(30,596)	(30,596)
At 31 May 2026	-	-
Impairment
Carrying amount
At 31 May 2026	-	-

Sierra Asset Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

7

Debtors

	2026 £	2025 £
Prepayments	1,201	2,052
Other debtors	815	815
	2,016	2,867

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	396	2,290
Taxation and social security	17,587	16,637
Accruals and deferred income	1,269	1,269
Other creditors	6,159	542
	25,411	20,738

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Other financial liabilities	2,875	2,875

9	Related party transactions

Director's remuneration

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

	2026 £	2025 £
Remuneration	12,570	12,570