Silverfin false 31/03/2023 01/04/2022 31/03/2023 Cheryl Elizabeth Harbour 21/07/2017 Patrick William Harbour 21/07/2017 27 November 2023 The principal activity of the Company during the financial year was that of an investment company. 10878816 2023-03-31 10878816 bus:Director1 2023-03-31 10878816 bus:Director2 2023-03-31 10878816 2022-03-31 10878816 core:CurrentFinancialInstruments 2023-03-31 10878816 core:CurrentFinancialInstruments 2022-03-31 10878816 core:Non-currentFinancialInstruments 2023-03-31 10878816 core:Non-currentFinancialInstruments 2022-03-31 10878816 core:ShareCapital 2023-03-31 10878816 core:ShareCapital 2022-03-31 10878816 core:RetainedEarningsAccumulatedLosses 2023-03-31 10878816 core:RetainedEarningsAccumulatedLosses 2022-03-31 10878816 core:CostValuation 2022-03-31 10878816 core:AdditionsToInvestments 2023-03-31 10878816 core:DisposalsRepaymentsInvestments 2023-03-31 10878816 core:RevaluationsIncreaseDecreaseInInvestments 2023-03-31 10878816 core:CostValuation 2023-03-31 10878816 core:ProvisionsForImpairmentInvestments 2022-03-31 10878816 core:ProvisionsForImpairmentInvestments 2023-03-31 10878816 core:CurrentFinancialInstruments core:Secured 2023-03-31 10878816 bus:OrdinaryShareClass1 2023-03-31 10878816 bus:OrdinaryShareClass2 2023-03-31 10878816 bus:PreferenceShareClass1 2023-03-31 10878816 2022-04-01 2023-03-31 10878816 bus:FullAccounts 2022-04-01 2023-03-31 10878816 bus:SmallEntities 2022-04-01 2023-03-31 10878816 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10878816 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10878816 bus:Director1 2022-04-01 2023-03-31 10878816 bus:Director2 2022-04-01 2023-03-31 10878816 2021-04-01 2022-03-31 10878816 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 10878816 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 10878816 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10878816 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 10878816 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 10878816 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 10878816 bus:PreferenceShareClass1 2022-04-01 2023-03-31 10878816 bus:PreferenceShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10878816 (England and Wales)

SJ LANSDOWNE LTD

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

SJ LANSDOWNE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

SJ LANSDOWNE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
SJ LANSDOWNE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 15,388,940 16,263,149
15,388,940 16,263,149
Current assets
Debtors 0 ( 1)
Cash at bank and in hand 4 54,524 19,125
54,524 19,124
Creditors: amounts falling due within one year 5 ( 430,788) ( 809,716)
Net current liabilities (376,264) (790,592)
Total assets less current liabilities 15,012,676 15,472,557
Creditors: amounts falling due after more than one year 6 ( 5,516,450) ( 5,835,262)
Net assets 9,496,226 9,637,295
Capital and reserves
Called-up share capital 7 6,501,000 6,501,000
Profit and loss account 2,995,226 3,136,295
Total shareholders' funds 9,496,226 9,637,295

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 SJ Lansdowne Ltd (registered number: 10878816) were approved and authorised for issue by the Director on 27 November 2023. They were signed on its behalf by:

Patrick William Harbour
Director
SJ LANSDOWNE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
SJ LANSDOWNE 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

SJ Lansdowne 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 The Red House, Overbury, Tewkesbury, GL20 7PB, 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.

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.

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).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

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.

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

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

3. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 April 2022 16,263,149 16,263,149
Additions 2,437,404 2,437,404
Disposals ( 3,224,281) ( 3,224,281)
Movement in fair value ( 87,332) ( 87,332)
At 31 March 2023 15,388,940 15,388,940
Provisions for impairment
At 01 April 2022 0 0
At 31 March 2023 0 0
Carrying value at 31 March 2023 15,388,940 15,388,940
Carrying value at 31 March 2022 16,263,149 16,263,149

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 54,524 19,125
Less: Bank overdrafts ( 315,716) ( 701,260)
(261,192) (682,135)

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts (secured) 315,716 701,260
Accruals 95,682 105,805
Taxation and social security 19,390 2,651
430,788 809,716

The bank overdrafts are secured by all cash and Securities held by the company.

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

2023 2022
£ £
Amounts owed to directors 5,516,450 5,835,262

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
520 Ordinary shares of £ 1.00 each 520 520
480 Ordinary A shares of £ 1.00 each 480 480
1,000 1,000
6,500,000 Redeemable Preference shares of £ 1.00 each 6,500,000 6,500,000
6,501,000 6,501,000

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors loan 5,516,450 5,835,262

Interest of 1.7% is accrued on the loans and the loan is repayable on 18 May 2028.