Silverfin false 31/03/2023 01/04/2022 31/03/2023 C J Gardner H P Mallory J A Roberts P Watts 03 October 2023 The principal activity of the Company during the financial year was of an investment holding company. 10415070 2023-03-31 10415070 2022-03-31 10415070 core:CurrentFinancialInstruments 2023-03-31 10415070 core:CurrentFinancialInstruments 2022-03-31 10415070 core:Non-currentFinancialInstruments 2023-03-31 10415070 core:Non-currentFinancialInstruments 2022-03-31 10415070 core:ShareCapital 2023-03-31 10415070 core:ShareCapital 2022-03-31 10415070 core:RetainedEarningsAccumulatedLosses 2023-03-31 10415070 core:RetainedEarningsAccumulatedLosses 2022-03-31 10415070 core:CostValuation 2022-03-31 10415070 core:AdditionsToInvestments 2023-03-31 10415070 core:DisposalsRepaymentsInvestments 2023-03-31 10415070 core:RevaluationsIncreaseDecreaseInInvestments 2023-03-31 10415070 core:CostValuation 2023-03-31 10415070 core:ProvisionsForImpairmentInvestments 2022-03-31 10415070 core:ProvisionsForImpairmentInvestments 2023-03-31 10415070 bus:OrdinaryShareClass1 2023-03-31 10415070 2022-04-01 2023-03-31 10415070 bus:FullAccounts 2022-04-01 2023-03-31 10415070 bus:SmallEntities 2022-04-01 2023-03-31 10415070 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10415070 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10415070 bus:Director1 2022-04-01 2023-03-31 10415070 bus:Director2 2022-04-01 2023-03-31 10415070 bus:Director3 2022-04-01 2023-03-31 10415070 bus:Director4 2022-04-01 2023-03-31 10415070 2021-04-01 2022-03-31 10415070 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 10415070 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10415070 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10415070 (England and Wales)

FIG TREE COURT INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

FIG TREE COURT INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

FIG TREE COURT INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
FIG TREE COURT INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 122,090 135,121
122,090 135,121
Current assets
Debtors 4 348 1,695
Cash at bank and in hand 3,854 609
4,202 2,304
Creditors: amounts falling due within one year 5 ( 7,704) ( 2,925)
Net current liabilities (3,502) (621)
Total assets less current liabilities 118,588 134,500
Creditors: amounts falling due after more than one year 6 ( 110,000) ( 110,000)
Provision for liabilities ( 4,228) ( 6,900)
Net assets 4,360 17,600
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 4,359 17,599
Total shareholder's funds 4,360 17,600

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 Fig Tree Court Investments Ltd (registered number: 10415070) were approved and authorised for issue by the Director on 03 October 2023. They were signed on its behalf by:

H P Mallory
Director
FIG TREE COURT INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
FIG TREE COURT INVESTMENTS LTD

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

Fig Tree Court Investments 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 14 Queen Square, Bath, BA1 2HN, England, 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 Statement of Financial Position 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.

Turnover

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

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 Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position 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 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 April 2022 135,121 135,121
Additions 9,237 9,237
Disposals ( 8,207) ( 8,207)
Movement in fair value ( 14,061) ( 14,061)
At 31 March 2023 122,090 122,090
Provisions for impairment
At 01 April 2022 0 0
At 31 March 2023 0 0
Carrying value at 31 March 2023 122,090 122,090
Carrying value at 31 March 2022 135,121 135,121

4. Debtors

2023 2022
£ £
Trade debtors 348 166
Amounts owed by Group undertakings 0 1,529
348 1,695

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 4,774 0
Accruals 2,930 2,925
7,704 2,925

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

2023 2022
£ £
Amounts owed to Group undertakings 110,000 110,000

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

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

Included within the profit and loss account are unrealised profits of £18,025 (2022: £29,414). Unrealised profits and losses arise on fair value movements of fixed asset investments and are accumulated within the profit of loss reserve net of deferred tax. Unrealised reserves are non-distributable.

8. Related party transactions

At the year end the company owed £115,774 (2022: £110,000) to its parent company.

At the year end the company was owed £nil (2022: £1,529 ) from its parent company.