Silverfin false 30/04/2023 20/04/2022 30/04/2023 James Duncan Kerslake Macgregor 20/04/2022 13 October 2023 The principle activity of the Company during the financial period was the provision of consultancy services. 14056690 2023-04-30 14056690 bus:Director1 2023-04-30 14056690 core:CurrentFinancialInstruments 2023-04-30 14056690 core:Non-currentFinancialInstruments 2023-04-30 14056690 core:ShareCapital 2023-04-30 14056690 core:RetainedEarningsAccumulatedLosses 2023-04-30 14056690 core:OtherPropertyPlantEquipment 2022-04-19 14056690 2022-04-19 14056690 core:OtherPropertyPlantEquipment 2023-04-30 14056690 core:CostValuation 2022-04-19 14056690 core:AdditionsToInvestments 2023-04-30 14056690 core:CostValuation 2023-04-30 14056690 core:ProvisionsForImpairmentInvestments 2022-04-19 14056690 core:ProvisionsForImpairmentInvestments 2023-04-30 14056690 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 14056690 bus:OrdinaryShareClass1 2023-04-30 14056690 2022-04-20 2023-04-30 14056690 bus:FullAccounts 2022-04-20 2023-04-30 14056690 bus:SmallEntities 2022-04-20 2023-04-30 14056690 bus:AuditExemptWithAccountantsReport 2022-04-20 2023-04-30 14056690 bus:PrivateLimitedCompanyLtd 2022-04-20 2023-04-30 14056690 bus:Director1 2022-04-20 2023-04-30 14056690 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-20 2023-04-30 14056690 core:OtherPropertyPlantEquipment 2022-04-20 2023-04-30 14056690 core:CurrentFinancialInstruments 2022-04-20 2023-04-30 14056690 core:Non-currentFinancialInstruments 2022-04-20 2023-04-30 14056690 bus:OrdinaryShareClass1 2022-04-20 2023-04-30 14056690 1 2022-04-20 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14056690 (England and Wales)

ETHICAL EDISCOVERY LTD

Unaudited Financial Statements
For the financial period from 20 April 2022 to 30 April 2023
Pages for filing with the registrar

ETHICAL EDISCOVERY LTD

Unaudited Financial Statements

For the financial period from 20 April 2022 to 30 April 2023

Contents

ETHICAL EDISCOVERY LTD

COMPANY INFORMATION

For the financial period from 20 April 2022 to 30 April 2023
ETHICAL EDISCOVERY LTD

COMPANY INFORMATION (continued)

For the financial period from 20 April 2022 to 30 April 2023
DIRECTOR James Duncan Kerslake Macgregor
REGISTERED OFFICE C/O Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
COMPANY NUMBER 14056690 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
ETHICAL EDISCOVERY LTD

BALANCE SHEET

As at 30 April 2023
ETHICAL EDISCOVERY LTD

BALANCE SHEET (continued)

As at 30 April 2023
Note 30.04.2023
£
Fixed assets
Tangible assets 3 375
Investments 4 966,574
966,949
Current assets
Debtors 5 941
Cash at bank and in hand 37,254
38,195
Creditors: amounts falling due within one year 6 ( 133,113)
Net current liabilities (94,918)
Total assets less current liabilities 872,031
Creditors: amounts falling due after more than one year 7 ( 849,456)
Net assets 22,575
Capital and reserves
Called-up share capital 8 1
Profit and loss account 22,574
Total shareholder's funds 22,575

For the financial period ending 30 April 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 Ethical eDiscovery Ltd (registered number: 14056690) were approved and authorised for issue by the Director on 13 October 2023. They were signed on its behalf by:

James Duncan Kerslake Macgregor
Director
ETHICAL EDISCOVERY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 April 2022 to 30 April 2023
ETHICAL EDISCOVERY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 April 2022 to 30 April 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

Ethical eDiscovery Ltd (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 C/O Praxis, 1 Poultry, London, EC2R 8EJ, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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. 4 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at cost less impairment.

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

Period from
20.04.2022 to
30.04.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 20 April 2022 0 0
Additions 462 462
At 30 April 2023 462 462
Accumulated depreciation
At 20 April 2022 0 0
Charge for the financial period 87 87
At 30 April 2023 87 87
Net book value
At 30 April 2023 375 375

4. Fixed asset investments

Investments in associates Total
£ £
Carrying value before impairment
At 20 April 2022 0 0
Additions 966,574 966,574
At 30 April 2023 966,574 966,574
Provisions for impairment
At 20 April 2022 0 0
At 30 April 2023 0 0
Carrying value at 30 April 2023 966,574 966,574

5. Debtors

30.04.2023
£
Amounts owed by related parties 408
Other debtors 533
941

6. Creditors: amounts falling due within one year

30.04.2023
£
Taxation and social security 12,556
Other creditors 120,557
133,113

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

30.04.2023
£
Other creditors 849,456

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

30.04.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

9. Financial commitments

The Company had no material financial commitments at the period ended 30 April 2023.

10. Events after the Balance Sheet date

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