THE SIENA PARTNERSHIP LTD

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of THE SIENA PARTNERSHIP LTD for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE SIENA PARTNERSHIP LTD for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of THE SIENA PARTNERSHIP LTD , as a body, in accordance with the terms of our engagement letter dated 09 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of THE SIENA PARTNERSHIP LTD and state those matters that we have agreed to state to the directors of THE SIENA PARTNERSHIP LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE SIENA PARTNERSHIP LTD and its directors, as a body, for our work or for this report.

It is your duty to ensure that THE SIENA PARTNERSHIP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of THE SIENA PARTNERSHIP LTD . You consider that THE SIENA PARTNERSHIP LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of THE SIENA PARTNERSHIP LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

09/09/2026

Craughwell & Co

Chartered Accountants

Brookwood House

84 Brookwood Road

London

SW18 5BY

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THE SIENA PARTNERSHIP LTD

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 12916152

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,794		20,692

			21,794		20,692
CURRENT ASSETS
Debtors	5	1,865,278		1,819,137
Cash at bank and in hand		145,295		30,115

		2,010,573		1,849,252
Creditors: Amounts Falling Due Within One Year	6	(1,463,832 )		(1,581,260 )

NET CURRENT ASSETS (LIABILITIES)			546,741		267,992

TOTAL ASSETS LESS CURRENT LIABILITIES			568,535		288,684

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,449 )		(5,172 )

NET ASSETS			563,086		283,512

CAPITAL AND RESERVES
Called up share capital	8		810		810
Capital redemption reserve			100		-
Profit and Loss Account			562,176		282,702

SHAREHOLDERS' FUNDS			563,086		283,512

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THE SIENA PARTNERSHIP LTD

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 Stephen Perrin

Director

09/09/2026

The notes on pages 4 to 6 form part of these financial statements.

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THE SIENA PARTNERSHIP LTD

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

THE SIENA PARTNERSHIP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12916152 . The registered office is Brookwood House, 84 Brookwood Road, London, SW18 5BY.

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 represents fees earned, excluding VAT, from the placement of permanent candidates, from the supply of IT consultancy services and the supply of temporary contractors. Revenue from the placement of permanent candidates is recognised at the point of invoice which is as agreed in the contract with the client, either in stages, on acceptance of offer or on commencement of employment. Revenue from the supply of IT services and temporary contractors is recognised at the point that it becomes probable that the economic benefits will flow to the company and can be reliably measured; normally upon client confirmation that time has been worked or milestones met.

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	25% on cost
Computer Equipment	25% on cost

2.4. Leasing and Hire Purchase Contracts

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

2.5. 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.

2.6. 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. 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.

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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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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THE SIENA PARTNERSHIP LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 12)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	10,403	24,616	35,019
Additions	-	10,554	10,554
Disposals	-	(6,778 )	(6,778 )

As at 31 December 2025	10,403	28,392	38,795

Depreciation
As at 1 January 2025	2,598	11,729	14,327
Provided during the period	2,601	6,851	9,452
Disposals	-	(6,778 )	(6,778 )

As at 31 December 2025	5,199	11,802	17,001

Net Book Value
As at 31 December 2025	5,204	16,590	21,794

As at 1 January 2025	7,805	12,887	20,692

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,590,109	1,454,386
Other debtors	271,794	364,751

	1,861,903	1,819,137
Due after more than one year
Other debtors	3,375	-

	1,865,278	1,819,137

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	35,061	41,739
Debentures	589,728	970,704
Other creditors	547,775	391,701
Taxation and social security	291,268	177,116

	1,463,832	1,581,260

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THE SIENA PARTNERSHIP LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Secured Creditors

Of the creditors the following amounts are secured by a fixed and floating charge over the assets of the company.

	2025		2024
	£		£
Other Creditors	589,728		970,704

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	810	810

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	160,705	159,450
Later than one year and not later than five years	-	1,725

	160,705	161,175

10. Directors Advances, Credits and Guarantees

Included within Debtors is an amount owed to the company by the director Mr T Goodyear of £10,605 (2024 | £337).

The above loan is unsecured, interest free and repayable on demand.

11. Share Options

Certain employees participated in an Enterprise Management Incentive (EMI) Share Option Plan. At the beginning of the year, 10,000 options over Ordinary B shares of £0.01 each were outstanding and exercisable at £0.33 per share.

During the year, all 10,000 outstanding options were exercised. The exercise of these options resulted in the issue of 10,000 Ordinary B shares and the receipt of consideration of £3,300.

In addition, 8,000 new options over Ordinary B shares, exercisable at £0.65 each, were granted during the year.

The movement in options during the year was as follows:

Outstanding at the beginning of the year: 10,000
Granted during the year: 8,000
Exercised during the year: (10,000)
Forfeited or expired during the year: Nil
Outstanding at the end of the year: 8,000

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