Sinclairs (Hendon) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10840544

Sinclairs (Hendon) Limited

Filleted Unaudited Financial Statements

Year ended

30 November 2025

Sinclairs (Hendon) Limited

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	25,080	37,620
Tangible assets	6	4,892	5,101
		--------	--------
		29,972	42,721

Current assets

Stocks		66,078	53,499
Debtors	7	568,086	410,502
Investments	8	46,053	207,975
Cash at bank and in hand		1,240,058	771,368
		------------	------------
		1,920,275	1,443,344

Creditors: amounts falling due within one year	9	227,793	213,760
		------------	------------
Net current assets		1,692,482	1,229,584
		------------	------------
Total assets less current liabilities		1,722,454	1,272,305

Provisions

Taxation including deferred tax	1,223	1,275
	------------	------------
Net assets	1,721,231	1,271,030
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,721,131	1,270,930
	------------	------------
Shareholder funds	1,721,231	1,271,030
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sinclairs (Hendon) Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 22 July 2026 , and are signed on behalf of the board by:

Mr R Lakhani

Director

Company registration number: 10840544

Sinclairs (Hendon) Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Watford Way, Hendon, London, NW4 3AD, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life of 10 years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 December 2024 and 30 November 2025	125,399
	---------
Amortisation
At 1 December 2024	87,779
Charge for the year	12,540
	---------
At 30 November 2025	100,319
	---------
Carrying amount
At 30 November 2025	25,080
	---------
At 30 November 2024	37,620
	---------

6. Tangible assets

	Equipment
	£
Cost
At 1 December 2024	12,486
Additions	2,365
	--------
At 30 November 2025	14,851
	--------
Depreciation
At 1 December 2024	7,385
Charge for the year	2,574
	--------
At 30 November 2025	9,959
	--------
Carrying amount
At 30 November 2025	4,892
	--------
At 30 November 2024	5,101
	--------

7. Debtors

	2025	2024
	£	£
Other debtors	568,086	410,502
	---------	---------

8. Investments

	2025	2024
	£	£
Other investments - Cost b/fwd	207,975	147,726
Other investments - Additions at cost	80,221	60,249
Other investments - Disposals at cost	(242,143)	–
	---------	---------
	46,053	207,975
	---------	---------

The market value of the investments at the balance sheet date was £48,562 (2024 - £286,389), all of which are listed on a recognised Stock Exchange.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	155,349	139,207
Social security and other taxes	68,444	71,553
Other creditors	4,000	3,000
	---------	---------
	227,793	213,760
	---------	---------

Client account balances of £342,426 (2024: £1,872,307) have been offset against corresponding amounts held in client bank accounts.

10. Other financial commitments

At 30 November 2025, the company's financial commitments totalled £95,938 (2024 - £103,737).

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Lakhani	130	583	( 140)	573
	----	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Lakhani	145	( 796)	782	131
	----	----	----	----

12. Related party transactions

The company has loaned £518,905 to Siennu Properties Limited, a company in which Mr R Lakhani 's wife is a director and 100% shareholder.