Silverfin false 31/03/2023 18/03/2022 31/03/2023 Steven George Newton 18/03/2022 21 November 2023 The principal activity of the Company during the financial year was that of an investment company. 13986107 2023-03-31 13986107 bus:Director1 2023-03-31 13986107 core:CurrentFinancialInstruments 2023-03-31 13986107 core:ShareCapital 2023-03-31 13986107 core:RetainedEarningsAccumulatedLosses 2023-03-31 13986107 core:CostValuation 2022-03-17 13986107 core:AdditionsToInvestments 2023-03-31 13986107 core:DisposalsRepaymentsInvestments 2023-03-31 13986107 core:RevaluationsIncreaseDecreaseInInvestments 2023-03-31 13986107 core:CostValuation 2023-03-31 13986107 core:ProvisionsForImpairmentInvestments 2022-03-17 13986107 core:ProvisionsForImpairmentInvestments 2023-03-31 13986107 core:CurrentFinancialInstruments 1 2023-03-31 13986107 bus:OrdinaryShareClass1 2023-03-31 13986107 2022-03-18 2023-03-31 13986107 bus:FullAccounts 2022-03-18 2023-03-31 13986107 bus:SmallEntities 2022-03-18 2023-03-31 13986107 bus:AuditExemptWithAccountantsReport 2022-03-18 2023-03-31 13986107 bus:PrivateLimitedCompanyLtd 2022-03-18 2023-03-31 13986107 bus:Director1 2022-03-18 2023-03-31 13986107 bus:OrdinaryShareClass1 2022-03-18 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13986107 (England and Wales)

DEARHAM INVESTMENTS LTD

Unaudited Financial Statements
For the financial period from 18 March 2022 to 31 March 2023
Pages for filing with the registrar

DEARHAM INVESTMENTS LTD

Unaudited Financial Statements

For the financial period from 18 March 2022 to 31 March 2023

Contents

DEARHAM INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
DEARHAM INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 31.03.2023
£
Fixed assets
Investments 3 4,898,305
4,898,305
Current assets
Cash at bank and in hand 256,704
256,704
Creditors: amounts falling due within one year 4 ( 5,258,289)
Net current liabilities (5,001,585)
Total assets less current liabilities (103,280)
Net liabilities ( 103,280)
Capital and reserves
Called-up share capital 5 1,000
Profit and loss account ( 104,280 )
Total shareholder's deficit ( 103,280)

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 Dearham Investments Ltd (registered number: 13986107) were approved and authorised for issue by the Director on 21 November 2023. They were signed on its behalf by:

Steven George Newton
Director
DEARHAM INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 March 2022 to 31 March 2023
DEARHAM INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 March 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

Dearham 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 Brownings Orchard, The Street, Upper Farringdon, GU34 3DT, 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 Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £103,280. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met 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.

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.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Ordinary share capital

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

2. Employees

Period from
18.03.2022 to
31.03.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 18 March 2022 0 0
Additions 6,472,181 6,472,181
Disposals ( 1,498,654) ( 1,498,654)
Movement in fair value ( 75,222) ( 75,222)
At 31 March 2023 4,898,305 4,898,305
Provisions for impairment
At 18 March 2022 0 0
At 31 March 2023 0 0
Carrying value at 31 March 2023 4,898,305 4,898,305

4. Creditors: amounts falling due within one year

31.03.2023
£
Amounts owed to connected companies 1,007,484
Amounts owed to director 4,247,305
Accruals 3,500
5,258,289

5. Called-up share capital

31.03.2023
£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000

6. Related party transactions

Transactions with the entity's director

During the period, the director maintained a current account with the company. At the period end the company owed the directors £4,247,305. Interest is charged at the approved rates when overdrawn and there are no set repayment terms.

Other related party transactions

During the period, the company received funding from a connected company and at the period end the company owed £1,007,484 to the connected company. No interest is charged on this loan and there are no set repayment terms.