Silverfin false false 30/09/2023 01/10/2022 30/09/2023 H M Soning 20/10/2005 G M Warner J H Grey 18/01/2012 S Sharpe 23/09/2005 M F Robinson 14/12/2005 R S Somerston 23/09/2005 G P Losi 23/09/2005 05 April 2024 The principal activity of the company during the year was that of property management. 05501934 2023-09-30 05501934 bus:Director1 2023-09-30 05501934 bus:Director3 2023-09-30 05501934 bus:Director4 2023-09-30 05501934 bus:Director5 2023-09-30 05501934 bus:Director6 2023-09-30 05501934 bus:Director7 2023-09-30 05501934 2022-09-30 05501934 core:CurrentFinancialInstruments 2023-09-30 05501934 core:CurrentFinancialInstruments 2022-09-30 05501934 core:Non-currentFinancialInstruments 2023-09-30 05501934 core:Non-currentFinancialInstruments 2022-09-30 05501934 core:ShareCapital 2023-09-30 05501934 core:ShareCapital 2022-09-30 05501934 core:SharePremium 2023-09-30 05501934 core:SharePremium 2022-09-30 05501934 core:RetainedEarningsAccumulatedLosses 2023-09-30 05501934 core:RetainedEarningsAccumulatedLosses 2022-09-30 05501934 core:FurnitureFittings 2022-09-30 05501934 core:ComputerEquipment 2022-09-30 05501934 core:FurnitureFittings 2023-09-30 05501934 core:ComputerEquipment 2023-09-30 05501934 core:CostValuation 2022-09-30 05501934 core:CostValuation 2023-09-30 05501934 bus:OrdinaryShareClass1 2023-09-30 05501934 2022-10-01 2023-09-30 05501934 bus:FilletedAccounts 2022-10-01 2023-09-30 05501934 bus:SmallEntities 2022-10-01 2023-09-30 05501934 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05501934 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05501934 bus:Director1 2022-10-01 2023-09-30 05501934 bus:Director2 2022-10-01 2023-09-30 05501934 bus:Director3 2022-10-01 2023-09-30 05501934 bus:Director4 2022-10-01 2023-09-30 05501934 bus:Director5 2022-10-01 2023-09-30 05501934 bus:Director6 2022-10-01 2023-09-30 05501934 bus:Director7 2022-10-01 2023-09-30 05501934 core:FurnitureFittings 2022-10-01 2023-09-30 05501934 core:ComputerEquipment core:TopRangeValue 2022-10-01 2023-09-30 05501934 2021-10-01 2022-09-30 05501934 core:ComputerEquipment 2022-10-01 2023-09-30 05501934 core:Non-currentFinancialInstruments 2022-10-01 2023-09-30 05501934 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 05501934 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05501934 (England and Wales)

JAMES ANDREW ROBINSON SOMERSTON WARNER LIMITED

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

JAMES ANDREW ROBINSON SOMERSTON WARNER LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

JAMES ANDREW ROBINSON SOMERSTON WARNER LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2023
JAMES ANDREW ROBINSON SOMERSTON WARNER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 35,949 35,365
Investments 4 34,950 34,950
70,899 70,315
Current assets
Debtors 5 567,147 584,362
Cash at bank and in hand 52,417 76,619
619,564 660,981
Creditors: amounts falling due within one year 6 ( 382,949) ( 434,962)
Net current assets 236,615 226,019
Total assets less current liabilities 307,514 296,334
Creditors: amounts falling due after more than one year 7 ( 20,000) ( 30,000)
Provision for liabilities ( 8,481) ( 6,250)
Net assets 279,033 260,084
Capital and reserves
Called-up share capital 8 894,737 894,737
Share premium account 5,674 5,674
Profit and loss account ( 621,378 ) ( 640,327 )
Total shareholders' funds 279,033 260,084

For the financial year ending 30 September 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 James Andrew Robinson Somerston Warner Limited (registered number: 05501934) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

G M Warner
Director

05 April 2024

JAMES ANDREW ROBINSON SOMERSTON WARNER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
JAMES ANDREW ROBINSON SOMERSTON WARNER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

James Andrew Robinson Somerston Warner 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 Fairchild House, Redbourne Avenue, London, N3 2BJ, 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.

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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

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.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 22

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 October 2022 39,793 20,448 60,241
Additions 0 10,010 10,010
At 30 September 2023 39,793 30,458 70,251
Accumulated depreciation
At 01 October 2022 11,043 13,833 24,876
Charge for the financial year 4,313 5,113 9,426
At 30 September 2023 15,356 18,946 34,302
Net book value
At 30 September 2023 24,437 11,512 35,949
At 30 September 2022 28,750 6,615 35,365

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 October 2022 34,950
At 30 September 2023 34,950
Carrying value at 30 September 2023 34,950
Carrying value at 30 September 2022 34,950

5. Debtors

2023 2022
£ £
Trade debtors 113,702 119,734
Amounts owed by Group undertakings 0 324
Corporation tax 14,540 14,540
Other debtors 438,905 449,764
567,147 584,362

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 170,949 134,479
Accruals 48,326 123,092
Taxation and social security 128,577 123,033
Other creditors 25,097 44,358
382,949 434,962

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

2023 2022
£ £
Bank loans 20,000 30,000

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
894,737 Ordinary shares of £ 1.00 each 894,737 894,737