Silverfin false 31/03/2023 01/06/2022 31/03/2023 Mr D Ireland 12/05/2014 31 October 2023 The principal activity of the Company during the financial year was to act as a holding company. SC477409 2023-03-31 SC477409 bus:Director1 2023-03-31 SC477409 2022-05-31 SC477409 core:CurrentFinancialInstruments 2023-03-31 SC477409 core:CurrentFinancialInstruments 2022-05-31 SC477409 core:Non-currentFinancialInstruments 2023-03-31 SC477409 core:Non-currentFinancialInstruments 2022-05-31 SC477409 core:ShareCapital 2023-03-31 SC477409 core:ShareCapital 2022-05-31 SC477409 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC477409 core:RetainedEarningsAccumulatedLosses 2022-05-31 SC477409 core:OtherPropertyPlantEquipment 2022-05-31 SC477409 core:OtherPropertyPlantEquipment 2023-03-31 SC477409 core:CostValuation 2022-05-31 SC477409 core:CostValuation 2023-03-31 SC477409 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-03-31 SC477409 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-05-31 SC477409 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2023-03-31 SC477409 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2022-05-31 SC477409 bus:OrdinaryShareClass1 2023-03-31 SC477409 2022-06-01 2023-03-31 SC477409 bus:FullAccounts 2022-06-01 2023-03-31 SC477409 bus:SmallEntities 2022-06-01 2023-03-31 SC477409 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-03-31 SC477409 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-03-31 SC477409 bus:Director1 2022-06-01 2023-03-31 SC477409 core:OtherPropertyPlantEquipment 2022-06-01 2023-03-31 SC477409 2021-06-01 2022-05-31 SC477409 core:Non-currentFinancialInstruments 2022-06-01 2023-03-31 SC477409 bus:OrdinaryShareClass1 2022-06-01 2023-03-31 SC477409 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC477409 (Scotland)

3R SOLUTIONS (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

3R SOLUTIONS (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 31 MARCH 2023

Contents

3R SOLUTIONS (HOLDINGS) LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
3R SOLUTIONS (HOLDINGS) LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 31.03.2023 31.05.2022
£ £
Fixed assets
Tangible assets 3 71,191 0
Investments 4 90,216 90,216
161,407 90,216
Current assets
Stocks 27,330 0
Debtors 5 15,602 0
Cash at bank and in hand 6 10,698 5,590
53,630 5,590
Creditors: amounts falling due within one year 7 ( 5,500) ( 3,500)
Net current assets 48,130 2,090
Total assets less current liabilities 209,537 92,306
Creditors: amounts falling due after more than one year 8 ( 204,662) ( 91,539)
Net assets 4,875 767
Capital and reserves
Called-up share capital 9 150 150
Profit and loss account 4,725 617
Total shareholder's funds 4,875 767

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.

Director's responsibilities:

The financial statements of 3R Solutions (Holdings) Limited (registered number: SC477409) were approved and authorised for issue by the Director on 31 October 2023. They were signed on its behalf by:

Mr D Ireland
Director
3R SOLUTIONS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 2022 TO 31 MARCH 2023
3R SOLUTIONS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JUNE 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 and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

3R Solutions (Holdings) Limited (the Company) is a private company, limited by shares incorporated in Scotland. The address of the Company's registered office is C/O Turcan Connell Princes Exchange, 1 Earl Grey Street, Edinburgh, EH3 9EE, United Kingdom.

The financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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.

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.

Reporting period length

In the year 3R Solutions (Holdings) Limited shortened its period end to 31 March 2023 from 31 May 2023. The decision was made to align the year end with it's related parties. As such the accounts cover a shortened 10 month period.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 % reducing balance

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

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 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.

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
01.06.2022 to
31.03.2023
Year ended
31.05.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2022 0 0
Transfers 71,191 71,191
At 31 March 2023 71,191 71,191
Accumulated depreciation
At 01 June 2022 0 0
At 31 March 2023 0 0
Net book value
At 31 March 2023 71,191 71,191
At 31 May 2022 0 0

4. Fixed asset investments

31.03.2023 31.05.2022
£ £
Subsidiary undertakings 90,216 90,216

Investments in subsidiaries

31.03.2023
£
Cost
At 01 June 2022 90,216
At 31 March 2023 90,216
Carrying value at 31 March 2023 90,216
Carrying value at 31 May 2022 90,216

5. Debtors

31.03.2023 31.05.2022
£ £
Other debtors 15,602 0

6. Cash and cash equivalents

31.03.2023 31.05.2022
£ £
Cash at bank and in hand 10,698 5,590

The bank has a floating charge over the company’s assets to secure any bank overdraft.

7. Creditors: amounts falling due within one year

31.03.2023 31.05.2022
£ £
Amounts owed to own subsidiaries 0 3,500
Accruals 5,500 0
5,500 3,500

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

31.03.2023 31.05.2022
£ £
Amounts owed to related parties 204,662 91,539

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

9. Called-up share capital

31.03.2023 31.05.2022
£ £
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150 150

10. Related party transactions

Other related party transactions

31.03.2023 31.05.2022
£ £
Amounts owed to 3R Solutions Limited (204,662) (91,539)

Transfer of assets to the fixed asset register were assets transferred at net book value from subsidiary company.