Silverfin false 31/03/2023 01/04/2022 31/03/2023 J McGinness 07/04/2022 15/06/2010 J Mcginness 07/04/2022 15/06/2010 A Stewart 07/04/2022 A Stewart 07/04/2022 27 September 2023 The principal activities of the Company continued to be that of holding the license on behalf of related companies. SC375400 2023-03-31 SC375400 bus:Director1 2023-03-31 SC375400 bus:Director2 2023-03-31 SC375400 bus:Director3 2023-03-31 SC375400 bus:Director4 2023-03-31 SC375400 core:CurrentFinancialInstruments 2023-03-31 SC375400 core:CurrentFinancialInstruments 2022-03-31 SC375400 2022-03-31 SC375400 core:ShareCapital 2023-03-31 SC375400 core:ShareCapital 2022-03-31 SC375400 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC375400 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC375400 bus:OrdinaryShareClass1 2023-03-31 SC375400 bus:OrdinaryShareClass2 2023-03-31 SC375400 bus:OrdinaryShareClass3 2023-03-31 SC375400 bus:OrdinaryShareClass4 2023-03-31 SC375400 2022-04-01 2023-03-31 SC375400 bus:FullAccounts 2022-04-01 2023-03-31 SC375400 bus:SmallEntities 2022-04-01 2023-03-31 SC375400 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC375400 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC375400 bus:Director1 2022-04-01 2023-03-31 SC375400 bus:Director2 2022-04-01 2023-03-31 SC375400 bus:Director3 2022-04-01 2023-03-31 SC375400 bus:Director4 2022-04-01 2023-03-31 SC375400 2021-04-01 2022-03-31 SC375400 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC375400 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC375400 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC375400 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 SC375400 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 SC375400 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 SC375400 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 SC375400 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC375400 (Scotland)

SVS 497 LIMITED

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

SVS 497 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

SVS 497 LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
SVS 497 LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
2023 2022
£ £
Creditors: amounts falling due within one year 3 ( 2,286) ( 2,286)
Net current liabilities (2,286) (2,286)
Total assets less current liabilities (2,286) (2,286)
Net liabilities ( 2,286) ( 2,286)
Capital and reserves
Called-up share capital 4 103 103
Profit and loss account ( 2,389 ) ( 2,389 )
Total shareholders' deficit ( 2,286) ( 2,286)

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.

Directors' responsibilities:

The financial statements of SVS 497 Limited (registered number: SC375400) were approved and authorised for issue by the Director on 27 September 2023. They were signed on its behalf by:

A Stewart
Director
SVS 497 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
SVS 497 LIMITED

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

SVS 497 Limited (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 C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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 directors 1 1

3. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 2,286 2,286

4. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
1 Special A ordinary share of £ 1.00 1 1
1 Special B ordinary share of £ 1.00 1 1
1 Special C ordinary share of £ 1.00 1 1
103 103