McEwan & Penford Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 05483836

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,508		6,204

			2,508		6,204
CURRENT ASSETS
Debtors		11,570		36,358
Cash at bank and in hand		2,952,112		3,094,893

		2,963,682		3,131,251
Creditors: Amounts Falling Due Within One Year		(147,398 )		(394,638 )

NET CURRENT ASSETS (LIABILITIES)			2,816,284		2,736,613

TOTAL ASSETS LESS CURRENT LIABILITIES			2,818,792		2,742,817

NET ASSETS			2,818,792		2,742,817

CAPITAL AND RESERVES
Called up share capital			1,500		1,500
Share premium account			17,000		17,000
Profit and Loss Account			2,800,292		2,724,317

SHAREHOLDERS' FUNDS			2,818,792		2,742,817

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McEwan & Penford Ltd

Abridged Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Ms A McEwan

Director

6 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

McEwan & Penford Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05483836 . The registered office is 159 High Street, Barnet, Hertfordshire, EN5 5SU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual

interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates

a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to

the liability component are charged as an interest expense in the income statement.

2.6. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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McEwan & Penford Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

2.8. Equity instruments

Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.9. Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 4)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	51,350

As at 31 March 2026	51,350

Depreciation
As at 1 April 2025	45,146
Provided during the period	3,696

As at 31 March 2026	48,842

Net Book Value
As at 31 March 2026	2,508

As at 1 April 2025	6,204

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