Silverfin false 31/12/2021 31/12/2021 01/01/2021 W Rieping 31 August 2022 The principal activity of the Company during the financial year was that of investment fund advisory. 09666868 2021-12-31 09666868 2020-12-31 09666868 core:CurrentFinancialInstruments 2021-12-31 09666868 core:CurrentFinancialInstruments 2020-12-31 09666868 core:ShareCapital 2021-12-31 09666868 core:ShareCapital 2020-12-31 09666868 core:OtherCapitalReserve 2021-12-31 09666868 core:OtherCapitalReserve 2020-12-31 09666868 core:RetainedEarningsAccumulatedLosses 2021-12-31 09666868 core:RetainedEarningsAccumulatedLosses 2020-12-31 09666868 core:OtherPropertyPlantEquipment 2020-12-31 09666868 core:OtherPropertyPlantEquipment 2021-12-31 09666868 core:CostValuation 2020-12-31 09666868 core:RevaluationsIncreaseDecreaseInInvestments 2021-12-31 09666868 core:CostValuation 2021-12-31 09666868 core:ProvisionsForImpairmentInvestments 2020-12-31 09666868 core:ProvisionsForImpairmentInvestments 2021-12-31 09666868 2019-12-31 09666868 bus:OrdinaryShareClass1 2021-12-31 09666868 2021-01-01 2021-12-31 09666868 bus:FullAccounts 2021-01-01 2021-12-31 09666868 bus:SmallEntities 2021-01-01 2021-12-31 09666868 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 09666868 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09666868 bus:Director1 2021-01-01 2021-12-31 09666868 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-01-01 2021-12-31 09666868 2020-01-01 2020-12-31 09666868 core:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 09666868 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 09666868 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09666868 (England and Wales)

KEITLINGHAUS LTD

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

KEITLINGHAUS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

KEITLINGHAUS LTD

COMPANY INFORMATION

For the financial year ended 31 December 2021
KEITLINGHAUS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTOR W Rieping
REGISTERED OFFICE 35 Ballards Lane
London
N3 1XW
United Kingdom
COMPANY NUMBER 09666868 (England and Wales)
CHARTERED ACCOUNTANTS Berg Kaprow Lewis LLP
35 Ballards Lane
London
N3 1XW
KEITLINGHAUS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2021
KEITLINGHAUS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 641 1,347
Investments 4 743,219 730,015
743,860 731,362
Current assets
Debtors 5 200 102,841
Cash at bank and in hand 219,772 228,223
219,972 331,064
Creditors
Amounts falling due within one year 6 ( 3,715) ( 21,903)
Net current assets 216,257 309,161
Total assets less current liabilities 960,117 1,040,523
Provision for liabilities 7 ( 30,512) ( 13,050)
Net assets 929,605 1,027,473
Capital and reserves
Called-up share capital 8 100 100
Other reserves 77,440 57,614
Profit and loss account 852,065 969,759
Total shareholders' funds 929,605 1,027,473

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Keitlinghaus Ltd (registered number: 09666868) were approved and authorised for issue by the Director on 31 August 2022. They were signed on its behalf by:

W Rieping
Director
KEITLINGHAUS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
KEITLINGHAUS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Keitlinghaus Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2021 4,450 4,450
At 31 December 2021 4,450 4,450
Accumulated depreciation
At 01 January 2021 3,103 3,103
Charge for the financial year 706 706
At 31 December 2021 3,809 3,809
Net book value
At 31 December 2021 641 641
At 31 December 2020 1,347 1,347

4. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 01 January 2021 730,015 730,015
Movement in fair value 13,204 13,204
At 31 December 2021 743,219 743,219
Provisions for impairment
At 01 January 2021 0 0
At 31 December 2021 0 0
Carrying value at 31 December 2021 743,219 743,219
Carrying value at 31 December 2020 730,015 730,015

5. Debtors

2021 2020
£ £
Amounts owed by associates 0 102,741
Other debtors 200 100
200 102,841

6. Creditors: amounts falling due within one year

2021 2020
£ £
Amounts owed to director 483 483
Accruals 3,232 3,700
Corporation tax 0 9,064
Other taxation and social security 0 8,656
3,715 21,903

7. Deferred tax

2021 2020
£ £
At the beginning of financial year ( 13,050) ( 14,637)
(Charged)/credited to the Profit and Loss Account ( 17,462) 1,587
At the end of financial year ( 30,512) ( 13,050)

8. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100