Payne Spencer Harris Financial Advisers Limited

Registered number

10551102

Unaudited Filleted Accounts

31 December 2025

Payne Spencer Harris Financial Advisers Limited
Registered number:		10551102
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,201			1,096

Current assets
Debtors	4	31,475			32,577
Cash at bank and in hand		33,694			24,447
		65,169			57,024

Creditors: amounts falling due within one year	5	(56,567)			(42,786)

Net current assets			8,602			14,238

Total assets less current liabilities			9,803			15,334

Creditors: amounts falling due after more than one year	6		(9,297)			(14,784)

Provisions for liabilities			(300)			(274)


Net assets			206			276

Capital and reserves
Called up share capital			200			200
Profit and loss account			6			76

Shareholders' funds			206			276

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J.R. Payne
Director
Approved by the board on 22 September 2026

Payne Spencer Harris Financial Advisers Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold property	over the term of the lease
	Office furniture & equipment	over 3 to 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		4


3	Tangible fixed assets
					Office furniture & equipment
£
	Cost
	At 1 January 2025				8,934
	Additions				617
	At 31 December 2025				9,551

	Depreciation
	At 1 January 2025				7,838
	Charge for the year				512
	At 31 December 2025				8,350

	Net book value
	At 31 December 2025				1,201
	At 31 December 2024				1,096


4	Debtors		2025		2024
£				£

	Other debtors		31,475		32,577


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		7,301		10,368
	Taxation and social security costs		36,847		20,970
	Other creditors		12,419		11,448
			56,567		42,786


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Non-equity preference shares		10		10
	Bank loans		9,287		14,774
			9,297		14,784


7	Controlling party

	The company is ultimately controlled by J.R. Payne and W.P.S. Harris.


8	Other information

	Payne Spencer Harris Financial Advisers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	James House
	40 Lagland Street
	Poole
	Dorset
	BH15 1QG