Silverfin false 31/03/2023 01/04/2022 31/03/2023 Ethel Elizabeth Guppy 06/12/2018 Norman Alfred Guppy (Deceased) 23/02/2023 06/12/2018 Norman Charles Guppy 06/12/2018 Stephen George Guppy 06/12/2018 29 November 2023 The principal activity of the Company during the financial year was that of a holding company. 11714430 2023-03-31 11714430 bus:Director1 2023-03-31 11714430 bus:Director2 2023-03-31 11714430 bus:Director3 2023-03-31 11714430 bus:Director4 2023-03-31 11714430 2022-03-31 11714430 core:CurrentFinancialInstruments 2023-03-31 11714430 core:CurrentFinancialInstruments 2022-03-31 11714430 core:ShareCapital 2023-03-31 11714430 core:ShareCapital 2022-03-31 11714430 core:RetainedEarningsAccumulatedLosses 2023-03-31 11714430 core:RetainedEarningsAccumulatedLosses 2022-03-31 11714430 core:CostValuation 2022-03-31 11714430 core:CostValuation 2023-03-31 11714430 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-03-31 11714430 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-03-31 11714430 bus:OrdinaryShareClass1 2023-03-31 11714430 bus:OrdinaryShareClass2 2023-03-31 11714430 bus:OrdinaryShareClass3 2023-03-31 11714430 2022-04-01 2023-03-31 11714430 bus:FullAccounts 2022-04-01 2023-03-31 11714430 bus:SmallEntities 2022-04-01 2023-03-31 11714430 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11714430 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11714430 bus:Director1 2022-04-01 2023-03-31 11714430 bus:Director2 2022-04-01 2023-03-31 11714430 bus:Director3 2022-04-01 2023-03-31 11714430 bus:Director4 2022-04-01 2023-03-31 11714430 2021-04-01 2022-03-31 11714430 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11714430 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 11714430 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 11714430 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 11714430 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 11714430 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11714430 (England and Wales)

N.A. GUPPY GROUP HOLDINGS LIMITED

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

N.A. GUPPY GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

N.A. GUPPY GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
N.A. GUPPY GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 1,001 1,001
1,001 1,001
Current assets
Debtors 4 463,862 103,892
Cash at bank and in hand 2,418,993 3,014,626
2,882,855 3,118,518
Creditors: amounts falling due within one year 5 ( 922,401) ( 1,413,372)
Net current assets 1,960,454 1,705,146
Total assets less current liabilities 1,961,455 1,706,147
Net assets 1,961,455 1,706,147
Capital and reserves
Called-up share capital 6 1,501,000 1,501,000
Profit and loss account 460,455 205,147
Total shareholders' funds 1,961,455 1,706,147

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 N.A. Guppy Group Holdings Limited (registered number: 11714430) were approved and authorised for issue by the Director on 29 November 2023. They were signed on its behalf by:

Norman Charles Guppy
Director
Stephen George Guppy
Director
N.A. GUPPY GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
N.A. GUPPY GROUP HOLDINGS LIMITED

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

N.A. Guppy Group 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 Croylands, Brampford Speke, Exeter, EX5 5HH, 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.

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.

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.

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.

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 3 4

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 April 2022 1,001
At 31 March 2023 1,001
Carrying value at 31 March 2023 1,001
Carrying value at 31 March 2022 1,001

4. Debtors

2023 2022
£ £
Amounts owed by own subsidiaries 463,862 103,892

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to own subsidiaries 1 1
Amounts owed to directors 920,000 1,410,970
Accruals 2,400 2,401
922,401 1,413,372

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
620 Ordinary A shares of £ 1.00 each 620 620
380 Ordinary B shares of £ 1.00 each 380 380
1,500,000 Redeemable ordinary shares of £ 1.00 each 1,500,000 1,500,000
1,501,000 1,501,000

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Owed to directors at year end 920,000 1,410,970
Dividends declared to directors during year 100,000 576,370