Passwinfield Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10267143

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		90,000		90,000

			90,000		90,000
CURRENT ASSETS
Debtors	6	3,528		4,082
Cash at bank and in hand		6,836		3,921

		10,364		8,003
Creditors: Amounts Falling Due Within One Year	7	(116,669 )		(115,904 )

NET CURRENT ASSETS (LIABILITIES)			(106,305 )		(107,901 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(16,305 )		(17,901 )

NET LIABILITIES			(16,305 )		(17,901 )

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			(16,309 )		(17,905 )

SHAREHOLDERS' FUNDS			(16,305)		(17,901)

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Passwinfield Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 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.

On behalf of the board

Mr C Pass

Director

30 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Passwinfield Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10267143 . The registered office is Hill Top Barn, Maplebeck, Newark, NG22 0BS.

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. Going Concern Disclosure

At 31st July 2023, the company had net liabilities of £19,999. The company is reliant on the continued support of the directors. The directors have confirmed their intention to support the company for at least twelve months from the date of signing the accounts. On the above basis, the directors consider that the accounts should be prepared on a going concern basis.

2.3. 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 estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Computer Equipment

33.33% straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. 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. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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Passwinfield Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Computer Equipment
	£
Cost or Valuation
As at 1 August 2024	51,462

As at 31 July 2025	51,462

Depreciation
As at 1 August 2024	51,462

As at 31 July 2025	51,462

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	-

Cost or valuation as at 31 July 2025 represented by:

	Computer Equipment
	£
At cost	51,462

	51,462

All fixed assets are initially recorded at cost or valuiation. The property has been revalued in the prior year to reflect it's market value. The value has been reviewed again this year, and is considered to be an accurate reflection of the current market value. The property valuation was carried out by the directors. No depreciation is applied.

5. Investment Property

	2025
	£
Fair Value
As at 1 August 2024 and 31 July 2025	90,000

6. Debtors

	2025	2024
	£	£
Due within one year
Deferred tax current asset	3,528	4,082

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Passwinfield Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	1,215	450
Directors' loan accounts	115,454	115,454

	116,669	115,904

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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