Silverfin true 31/03/2023 01/04/2022 31/03/2023 Mrs A Lambie 12/11/2012 Mr S Mcgillivray 12/11/2012 10 October 2023 The principal activity of the company is that of a dormant company. SC116311 2023-03-31 SC116311 bus:Director1 2023-03-31 SC116311 bus:Director2 2023-03-31 SC116311 core:CurrentFinancialInstruments 2023-03-31 SC116311 core:CurrentFinancialInstruments 2022-03-31 SC116311 2022-03-31 SC116311 core:ShareCapital 2023-03-31 SC116311 core:ShareCapital 2022-03-31 SC116311 core:SharePremium 2023-03-31 SC116311 core:SharePremium 2022-03-31 SC116311 bus:OrdinaryShareClass1 2023-03-31 SC116311 bus:OrdinaryShareClass2 2023-03-31 SC116311 2022-04-01 2023-03-31 SC116311 bus:FullAccounts 2022-04-01 2023-03-31 SC116311 bus:SmallEntities 2022-04-01 2023-03-31 SC116311 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC116311 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC116311 bus:Director1 2022-04-01 2023-03-31 SC116311 bus:Director2 2022-04-01 2023-03-31 SC116311 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC116311 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC116311 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC116311 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:shares

Company No: SC116311 (Scotland)

CLYDE COIN LIMITED

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

CLYDE COIN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

CLYDE COIN LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
CLYDE COIN LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
2023 2022
£ £
Current assets
Debtors 2 32,009 32,009
32,009 32,009
Net current assets 32,009 32,009
Total assets less current liabilities 32,009 32,009
Net assets 32,009 32,009
Capital and reserves
Called-up share capital 3 20,009 20,009
Share premium account 12,000 12,000
Total shareholder's funds 32,009 32,009

Clyde Coin Limited (registered number: SC116311) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Clyde Coin Limited (registered number: SC116311) were approved and authorised for issue by the Director on 10 October 2023. They were signed on its behalf by:

Mrs A Lambie
Director
CLYDE COIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
CLYDE COIN 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

Clyde Coin 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 46 Dalsholm Road, Glasgow, G20 0TB, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no profit or loss account is presented in these 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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.

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. Debtors

2023 2022
£ £
Amounts owed by Parent undertakings 32,009 32,009

3. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
20,000 A Ordinary shares of £ 1.00 each 20,000 20,000
9 B-Z Ordinary shares of £ 1.00 each 9 9
20,009 20,009

4. Related party transactions

The company has taken advantage of disclosure exemptions available under Section 1A of FRS 102 whereby it has not disclosed transactions entered in to within any wholly-owned subsidiary of the group.