Silverfin false 31/12/2021 31/12/2021 01/01/2021 S Hodges R A Hodges 06/11/2000 08 September 2022 The principal activity of the Company during the financial year was that of property development. 04074307 2021-12-31 04074307 bus:Director2 2021-12-31 04074307 core:CurrentFinancialInstruments 2021-12-31 04074307 core:CurrentFinancialInstruments 2020-12-31 04074307 2020-12-31 04074307 core:ShareCapital 2021-12-31 04074307 core:ShareCapital 2020-12-31 04074307 core:SharePremium 2021-12-31 04074307 core:SharePremium 2020-12-31 04074307 core:RetainedEarningsAccumulatedLosses 2021-12-31 04074307 core:RetainedEarningsAccumulatedLosses 2020-12-31 04074307 core:Goodwill 2020-12-31 04074307 core:Goodwill 2021-12-31 04074307 2021-01-01 2021-12-31 04074307 bus:FullAccounts 2021-01-01 2021-12-31 04074307 bus:SmallEntities 2021-01-01 2021-12-31 04074307 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 04074307 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04074307 bus:Director1 2021-01-01 2021-12-31 04074307 bus:Director2 2021-01-01 2021-12-31 04074307 core:Goodwill core:TopRangeValue 2021-01-01 2021-12-31 04074307 core:Goodwill 2021-01-01 2021-12-31 04074307 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Company No: 04074307 (England and Wales)

SECURIVIN LIMITED

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

SECURIVIN LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

SECURIVIN LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
SECURIVIN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTORS S Hodges
R A Hodges
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS 16 Barnsbury Square
Islington
London N1 1JL
COMPANY NUMBER 04074307 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
SECURIVIN LIMITED

BALANCE SHEET

As at 31 December 2021
SECURIVIN LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Current assets
Debtors 4 164 12,273
Cash at bank and in hand 2,493,224 2,965,610
2,493,388 2,977,883
Creditors
Amounts falling due within one year 5 ( 1,750) ( 479,306)
Net current assets 2,491,638 2,498,577
Total assets less current liabilities 2,491,638 2,498,577
Net assets 2,491,638 2,498,577
Capital and reserves
Called-up share capital 2 2
Share premium account 878,000 878,000
Profit and loss account 1,613,636 1,620,575
Total shareholders' funds 2,491,638 2,498,577

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.

Directors' responsibilities:

The financial statements of Securivin Limited (registered number: 04074307) were approved and authorised for issue by the Board of Directors on 08 September 2022. They were signed on its behalf by:

R A Hodges
Director
SECURIVIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
SECURIVIN LIMITED

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

Securivin Limited (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 Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is 16 Barnsbury Square, Islington, London N1 1JL.

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 £.

Going concern

The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors’ Report.

The Company's forecasts and projections, taking account of the continued possible impact of COVID-19 in trading performance, show that the company should be able to operate within the level of its current facilities.

Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Revenue is generally recognised on completion of sale of the property development activity.

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 Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2021 50,000 50,000
At 31 December 2021 50,000 50,000
Accumulated amortisation
At 01 January 2021 50,000 50,000
At 31 December 2021 50,000 50,000
Net book value
At 31 December 2021 0 0
At 31 December 2020 0 0

4. Debtors

2021 2020
£ £
Other debtors 164 12,273

5. Creditors: amounts falling due within one year

2021 2020
£ £
Other creditors 1,750 479,306

6. Related party transactions

Other related party transactions

2021 2020
£ £
Ardern Hodges Limited 0 471,120

(a company controlled by R A and S Hodges (directors))