Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr A M Pooley 03/05/2022 Mr G H Pooley 03/05/2022 Mrs M Y Pooley 03/05/2022 28 March 2024 The principal activity of the company during the financial year was that of a holding company. 14083448 2023-12-31 14083448 bus:Director1 2023-12-31 14083448 bus:Director2 2023-12-31 14083448 bus:Director3 2023-12-31 14083448 2022-12-31 14083448 core:ShareCapital 2023-12-31 14083448 core:ShareCapital 2022-12-31 14083448 core:CostValuation 2022-12-31 14083448 core:CostValuation 2023-12-31 14083448 bus:OrdinaryShareClass1 2023-12-31 14083448 bus:OrdinaryShareClass2 2023-12-31 14083448 bus:OrdinaryShareClass3 2023-12-31 14083448 bus:OrdinaryShareClass4 2023-12-31 14083448 2023-01-01 2023-12-31 14083448 bus:FilletedAccounts 2023-01-01 2023-12-31 14083448 bus:SmallEntities 2023-01-01 2023-12-31 14083448 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 14083448 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14083448 bus:Director1 2023-01-01 2023-12-31 14083448 bus:Director2 2023-01-01 2023-12-31 14083448 bus:Director3 2023-01-01 2023-12-31 14083448 2022-05-03 2022-12-31 14083448 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 14083448 bus:OrdinaryShareClass1 2022-05-03 2022-12-31 14083448 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 14083448 bus:OrdinaryShareClass2 2022-05-03 2022-12-31 14083448 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 14083448 bus:OrdinaryShareClass3 2022-05-03 2022-12-31 14083448 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 14083448 bus:OrdinaryShareClass4 2022-05-03 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14083448 (England and Wales)

MARINE SERVICES (SW) HOLDINGS LIMITED

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

MARINE SERVICES (SW) HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MARINE SERVICES (SW) HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
MARINE SERVICES (SW) HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Fixed assets
Investments 3 150 150
150 150
Net current assets 0 0
Total assets less current liabilities 150 150
Net assets 150 150
Capital and reserves
Called-up share capital 4 150 150
Total shareholders' funds 150 150

For the financial year ending 31 December 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 Marine Services (SW) Holdings Limited (registered number: 14083448) were approved and authorised for issue by the Board of Directors on 28 March 2024. They were signed on its behalf by:

Mrs M Y Pooley
Director
MARINE SERVICES (SW) HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MARINE SERVICES (SW) HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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 period, unless otherwise stated.

General information and basis of accounting

Marine Services (SW) Holdings 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 61 Speedwell Crescent, Plymouth, PL6 5SZ, 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 £.

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.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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 that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
31.12.2023
Period from
03.05.2022 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

31.12.2023
£
Cost
At 01 January 2023 150
At 31 December 2023 150
Carrying value at 31 December 2023 150
Carrying value at 31 December 2022 150

4. Called-up share capital

31.12.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
12 Ordinary B shares of £ 1.00 each 12 12
76 Ordinary C shares of £ 1.00 each 76 76
12 Ordinary D shares of £ 1.00 each 12 12
150 150