Silverfin false false 30/11/2023 01/12/2022 30/11/2023 John Rabone 25/07/2016 Grethe Rabone 25/07/2016 03 February 2024 The principal activity of the Company during the financial year was that of investment. The company has not traded during the year, or the previous year. 04449522 2023-11-30 04449522 bus:Director1 2023-11-30 04449522 bus:Director2 2023-11-30 04449522 2022-11-30 04449522 core:CurrentFinancialInstruments 2023-11-30 04449522 core:CurrentFinancialInstruments 2022-11-30 04449522 core:ShareCapital 2023-11-30 04449522 core:ShareCapital 2022-11-30 04449522 core:RetainedEarningsAccumulatedLosses 2023-11-30 04449522 core:RetainedEarningsAccumulatedLosses 2022-11-30 04449522 bus:OrdinaryShareClass1 2023-11-30 04449522 2022-12-01 2023-11-30 04449522 bus:FilletedAccounts 2022-12-01 2023-11-30 04449522 bus:SmallEntities 2022-12-01 2023-11-30 04449522 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 04449522 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04449522 bus:Director1 2022-12-01 2023-11-30 04449522 bus:Director2 2022-12-01 2023-11-30 04449522 2021-12-01 2022-11-30 04449522 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 04449522 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04449522 (England and Wales)

INTERDIVE 2016 LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

INTERDIVE 2016 LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

INTERDIVE 2016 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2023
INTERDIVE 2016 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2023
2023 2022
£ £
Current assets
Cash at bank and in hand 455,008 487,720
455,008 487,720
Creditors: amounts falling due within one year 3 ( 3,732) ( 2,652)
Net current assets 451,276 485,068
Total assets less current liabilities 451,276 485,068
Net assets 451,276 485,068
Capital and reserves
Called-up share capital 4 100 100
Profit and loss account 451,176 484,968
Total shareholders' funds 451,276 485,068

For the financial year ending 30 November 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 Interdive 2016 Limited (registered number: 04449522) were approved and authorised for issue by the Director on 03 February 2024. They were signed on its behalf by:

John Rabone
Director
INTERDIVE 2016 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
INTERDIVE 2016 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Interdive 2016 Limited (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 Bishop Fleming 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN, England, United Kingdom. The principal place of business is 176 Les Fonts, Benitachell, 3726, Alicante, Spain.

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 £.

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 Statement of Financial Position 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.

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.

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.

Ordinary share capital

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 1,132 52
Accruals 2,600 2,600
3,732 2,652

4. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

5. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to Directors 1,132 52