Silverfin false 31/03/2023 25/01/2022 31/03/2023 Donna Bulmer 25/01/2022 Chris Hird 01/04/2022 Jonathan Scott 25/01/2022 25 September 2023 The principal activity of the Company during the financial year was financial intermediation services. 13871355 2023-03-31 13871355 bus:Director1 2023-03-31 13871355 bus:Director2 2023-03-31 13871355 bus:Director3 2023-03-31 13871355 core:CurrentFinancialInstruments 2023-03-31 13871355 core:ShareCapital 2023-03-31 13871355 core:RetainedEarningsAccumulatedLosses 2023-03-31 13871355 core:OtherPropertyPlantEquipment 2022-01-24 13871355 2022-01-24 13871355 core:OtherPropertyPlantEquipment 2023-03-31 13871355 bus:OrdinaryShareClass1 2023-03-31 13871355 2022-01-25 2023-03-31 13871355 bus:FullAccounts 2022-01-25 2023-03-31 13871355 bus:SmallEntities 2022-01-25 2023-03-31 13871355 bus:AuditExempt-NoAccountantsReport 2022-01-25 2023-03-31 13871355 bus:PrivateLimitedCompanyLtd 2022-01-25 2023-03-31 13871355 bus:Director1 2022-01-25 2023-03-31 13871355 bus:Director2 2022-01-25 2023-03-31 13871355 bus:Director3 2022-01-25 2023-03-31 13871355 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-01-25 2023-03-31 13871355 core:OtherPropertyPlantEquipment 2022-01-25 2023-03-31 13871355 core:CurrentFinancialInstruments 2022-01-25 2023-03-31 13871355 bus:OrdinaryShareClass1 2022-01-25 2023-03-31 13871355 1 2022-01-25 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13871355 (England and Wales)

HW CORPORATE FINANCE NORTH LIMITED

Unaudited Financial Statements
For the financial period from 25 January 2022 to 31 March 2023
Pages for filing with the registrar

HW CORPORATE FINANCE NORTH LIMITED

Unaudited Financial Statements

For the financial period from 25 January 2022 to 31 March 2023

Contents

HW CORPORATE FINANCE NORTH LIMITED

COMPANY INFORMATION

For the financial period from 25 January 2022 to 31 March 2023
HW CORPORATE FINANCE NORTH LIMITED

COMPANY INFORMATION (continued)

For the financial period from 25 January 2022 to 31 March 2023
DIRECTORS Donna Bulmer
Chris Hird
Jonathan Scott
REGISTERED OFFICE 17 Queens Lane
Newcastle Upon Tyne
NE1 1RN
United Kingdom
COMPANY NUMBER 13871355 (England and Wales)
HW CORPORATE FINANCE NORTH LIMITED

BALANCE SHEET

As at 31 March 2023
HW CORPORATE FINANCE NORTH LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 31.03.2023
£
Fixed assets
Tangible assets 3 2,733
2,733
Current assets
Debtors 4 203,633
Cash at bank and in hand 1,265
204,898
Creditors: amounts falling due within one year 5 ( 166,981)
Net current assets 37,917
Total assets less current liabilities 40,650
Net assets 40,650
Capital and reserves
Called-up share capital 6 1
Profit and loss account 40,649
Total shareholder's funds 40,650

For the financial period 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 HW Corporate Finance North Limited (registered number: 13871355) were approved and authorised for issue by the Board of Directors on 25 September 2023. They were signed on its behalf by:

Donna Bulmer
Director
HW CORPORATE FINANCE NORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 January 2022 to 31 March 2023
HW CORPORATE FINANCE NORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 January 2022 to 31 March 2023
1. Accounting policies

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

General information and basis of accounting

HW Corporate Finance North 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 17 Queens Lane, Newcastle Upon Tyne, NE1 1RN, 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 to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of turnover can be measured reliably;
• it is probable that the company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Turnover is recognised when a right to consideration has been obtained in exchange for performance of contractual obligations. Income is recorded at the fair value of the right to consideration, including partner time, and after deducting allowances for discounts, credit risk and other uncertainties relating to clients’ willingness to pay.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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.

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. 5 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.

Trade and other debtors

Short term debtors are measured at transaction price, less any 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.

Trade and other creditors

Short term creditors and loans from directors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
25.01.2022 to
31.03.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 5

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 25 January 2022 0 0
Additions 3,037 3,037
At 31 March 2023 3,037 3,037
Accumulated depreciation
At 25 January 2022 0 0
Charge for the financial period 304 304
At 31 March 2023 304 304
Net book value
At 31 March 2023 2,733 2,733

4. Debtors

31.03.2023
£
Amounts recoverable on contracts 198,517
Prepayments 2,659
Other debtors 2,457
203,633

5. Creditors: amounts falling due within one year

31.03.2023
£
Trade creditors 1,670
Other creditors 165,311
166,981

The company has given a limited guarantee on behalf of a connected entity by way of a fixed and floating charge over all assets of the company.

6. Called-up share capital

31.03.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

7. Financial commitments

The Company had no material capital commitments at the period ended 31 March 2023.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

31.03.2023
£
Interest free amounts owed to the company 143,657

9. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial period.