Silverfin false 31/03/2023 01/04/2022 31/03/2023 Dianne Elizabeth Wiseman 12/12/2014 05 October 2023 The principal activity of the Company during the financial year continued to be that of a holding company. SC493282 2023-03-31 SC493282 bus:Director1 2023-03-31 SC493282 2022-03-31 SC493282 core:CurrentFinancialInstruments 2023-03-31 SC493282 core:CurrentFinancialInstruments 2022-03-31 SC493282 core:ShareCapital 2023-03-31 SC493282 core:ShareCapital 2022-03-31 SC493282 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC493282 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC493282 bus:OrdinaryShareClass1 2023-03-31 SC493282 2022-04-01 2023-03-31 SC493282 bus:FullAccounts 2022-04-01 2023-03-31 SC493282 bus:SmallEntities 2022-04-01 2023-03-31 SC493282 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC493282 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC493282 bus:Director1 2022-04-01 2023-03-31 SC493282 2021-04-01 2022-03-31 SC493282 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC493282 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC493282 (Scotland)

FURLIN LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

FURLIN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

FURLIN LTD

BALANCE SHEET

AS AT 31 MARCH 2023
FURLIN LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 300 300
300 300
Current assets
Debtors 4 210,908 108,908
Cash at bank and in hand 317,219 418,769
528,127 527,677
Creditors: amounts falling due within one year 5 ( 521,245) ( 521,303)
Net current assets 6,882 6,374
Total assets less current liabilities 7,182 6,674
Net assets 7,182 6,674
Capital and reserves
Called-up share capital 6 300 300
Profit and loss account 6,882 6,374
Total shareholders' funds 7,182 6,674

For the financial year ending 31 March 2023 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 Furlin Ltd (registered number: SC493282) were approved and authorised for issue by the Director on 05 October 2023. They were signed on its behalf by:

Dianne Elizabeth Wiseman
Director
FURLIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
FURLIN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
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

Furlin Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Commerce House, South Street, Elgin, IV30 1JE, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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.

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.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 300 300

4. Debtors

2023 2022
£ £
Trade debtors 2,000 0
Amounts owed by Group undertakings 208,908 108,908
210,908 108,908

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 519,877 519,877
Taxation and social security 119 177
Other creditors 1,249 1,249
521,245 521,303

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
300 Ordinary Shares shares of £ 1.00 each 300 300

7. Events after the Balance Sheet date

On 05 May 2023 Furlin Ltd received a dividend of £100,000 from Greenhill Renewables Limited which was subsequently paid out to the shareholders of Furlin Ltd.