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Company No: 13247608 (England and Wales)

SDPSA (ARCH HOLDINGS) LTD

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

SDPSA (ARCH HOLDINGS) LTD

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

SDPSA (ARCH HOLDINGS) LTD

STATEMENT OF FINANCIAL POSITION

As at 31 July 2023
SDPSA (ARCH HOLDINGS) LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2023
Note 31.07.2023 31.07.2022
£ £
Fixed assets
Investments 3 299 299
299 299
Current assets
Debtors 4 181 9,143
Cash at bank and in hand 30,420 1,243
30,601 10,386
Creditors: amounts falling due within one year 5 ( 30,600) ( 10,385)
Net current assets 1 1
Total assets less current liabilities 300 300
Net assets 300 300
Capital and reserves
Called-up share capital 6 300 300
Total shareholders' funds 300 300

For the financial 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.

Directors' responsibilities:

The financial statements of SDPSA (Arch Holdings) Ltd (registered number: 13247608) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S P Davy
Director
P J Smith
Director

02 August 2024

SDPSA (ARCH HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
SDPSA (ARCH HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

SDPSA (Arch Holdings) 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 35 Ballards Lane, London, N3 1XW, 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 note that the business has net assets of £300. The company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the company. Given the current position, the directors believe that any foreseeable debts can be met 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.

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).

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.

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/Statement of Comprehensive Income.

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.

2. Employees

Year ended
31.07.2023
Period from
05.03.2021 to
31.07.2022
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

31.07.2023
£
Cost
At 01 August 2022 299
At 31 July 2023 299
Carrying value at 31 July 2023 299
Carrying value at 31 July 2022 299

4. Debtors

31.07.2023 31.07.2022
£ £
Amounts owed by own subsidiaries 0 9,059
Other debtors 181 84
181 9,143

5. Creditors: amounts falling due within one year

31.07.2023 31.07.2022
£ £
Amounts owed to group undertakings 30,600 0
Other creditors 0 10,385
30,600 10,385

6. Called-up share capital

31.07.2023 31.07.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
300 300

7. Related party transactions

Included within other creditors are amounts of nil (2022: £10,385) due to companies directors.

Included within amounts owed to group undertakings are amounts of £30,600 (2022: £9,059 amounts owed by own subsidiaries) due to companies with common shareholders and directors.

8. Ultimate controlling party

The ultimate controlling party are the directors.