Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10447443 Mr Richard Wilson Mr Sean Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10447443 2022-07-31 10447443 2023-07-31 10447443 2022-08-01 2023-07-31 10447443 frs-core:CurrentFinancialInstruments 2023-07-31 10447443 frs-core:ShareCapital 2023-07-31 10447443 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10447443 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10447443 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10447443 frs-bus:SmallEntities 2022-08-01 2023-07-31 10447443 frs-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10447443 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10447443 frs-bus:OrdinaryShareClass2 2022-08-01 2023-07-31 10447443 frs-bus:OrdinaryShareClass2 2023-07-31 10447443 frs-bus:OrdinaryShareClass3 2022-08-01 2023-07-31 10447443 frs-bus:OrdinaryShareClass3 2023-07-31 10447443 frs-core:DeferredTaxation 2022-08-01 2023-07-31 10447443 frs-core:DeferredTaxation 2022-07-31 10447443 frs-core:DeferredTaxation 2023-07-31 10447443 frs-core:CostValuation 2022-07-31 10447443 frs-core:CostValuation 2023-07-31 10447443 frs-core:ProvisionsForImpairmentInvestments 2022-07-31 10447443 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 10447443 frs-bus:Director1 2022-08-01 2023-07-31 10447443 frs-bus:Director2 2022-08-01 2023-07-31 10447443 frs-bus:Director2 2022-07-31 10447443 frs-bus:Director2 2023-07-31 10447443 frs-countries:EnglandWales 2022-08-01 2023-07-31 10447443 2021-07-31 10447443 2022-07-31 10447443 2021-08-01 2022-07-31 10447443 frs-core:CurrentFinancialInstruments 2022-07-31 10447443 frs-core:ShareCapital 2022-07-31 10447443 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 10447443 frs-bus:OrdinaryShareClass2 2021-08-01 2022-07-31 10447443 frs-bus:OrdinaryShareClass3 2021-08-01 2022-07-31
Registered number: 10447443
Silverpoint Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Silverpoint Holdings Ltd for the year ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Silverpoint Holdings Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Silverpoint Holdings Ltd , as a body, in accordance with the terms of our engagement letter dated 28 October 2016. Our work has been undertaken solely to prepare for your approval the accounts of Silverpoint Holdings Ltd and state those matters that we have agreed to state to the directors of Silverpoint Holdings Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silverpoint Holdings Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Silverpoint Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Silverpoint Holdings Ltd . You consider that Silverpoint Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Silverpoint Holdings Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
11th June 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10447443
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 90,000 90,000
90,000 90,000
CURRENT ASSETS
Debtors 5 38,360 1,826
Cash at bank and in hand 6 6
38,366 1,832
Creditors: Amounts Falling Due Within One Year 6 (127,387 ) (90,043 )
NET CURRENT ASSETS (LIABILITIES) (89,021 ) (88,211 )
TOTAL ASSETS LESS CURRENT LIABILITIES 979 1,789
NET ASSETS 979 1,789
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 879 1,689
SHAREHOLDERS' FUNDS 979 1,789
Page 2
Page 3
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Wilson
Director
Mr Sean Adams
Director
11th June 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Silverpoint Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10447443 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham, Wilmslow, SK9 4LY.

Principal place of trade is; Pepper House, 1 Pepper Road, Hazel Grove, Stockport, SK7 5DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Investments
Other
£
Cost
As at 1 August 2022 90,000
As at 31 July 2023 90,000
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 90,000
As at 1 August 2022 90,000
Investments assets include investments in subsidiaries recognised at cost and reviewed for impairment yearly. Movements in the value of the investments is recognised through the profit and loss account.
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Page 5
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 38,360 1,826
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to group undertakings 127,387 89,882
Other creditors - 161
127,387 90,043
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2022 (1,826 ) (1,826)
Utilised (190 ) (190)
Balance at 31 July 2023 (2,016 ) (2,016)
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
80 Ordinary A shares of £ 1 each 80 80
20 Ordinary B shares of £ 1 each 20 20
100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Sean Adams (161 ) 48,987 85,492 - 36,344
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 5