Silverfin false false 31/12/2023 01/01/2023 31/12/2023 L A Appleby 30/05/2023 18/10/2018 S J M Haworth 30/05/2023 J A Townsend 18/10/2018 06 August 2024 The principal activity of the Company during the financial year was that of a holding company. 11630957 2023-12-31 11630957 bus:Director1 2023-12-31 11630957 bus:Director2 2023-12-31 11630957 bus:Director3 2023-12-31 11630957 2022-12-31 11630957 core:CurrentFinancialInstruments 2023-12-31 11630957 core:CurrentFinancialInstruments 2022-12-31 11630957 core:ShareCapital 2023-12-31 11630957 core:ShareCapital 2022-12-31 11630957 core:RetainedEarningsAccumulatedLosses 2023-12-31 11630957 core:RetainedEarningsAccumulatedLosses 2022-12-31 11630957 core:CostValuation 2022-12-31 11630957 core:CostValuation 2023-12-31 11630957 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 11630957 core:ImmediateParent core:CurrentFinancialInstruments 2022-12-31 11630957 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-12-31 11630957 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-12-31 11630957 bus:OrdinaryShareClass1 2023-12-31 11630957 2023-01-01 2023-12-31 11630957 bus:FilletedAccounts 2023-01-01 2023-12-31 11630957 bus:SmallEntities 2023-01-01 2023-12-31 11630957 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11630957 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11630957 bus:Director1 2023-01-01 2023-12-31 11630957 bus:Director2 2023-01-01 2023-12-31 11630957 bus:Director3 2023-01-01 2023-12-31 11630957 2022-01-01 2022-12-31 11630957 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11630957 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 11630957 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 11630957 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 11630957 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 11630957 bus:OrdinaryShareClass3 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11630957 (England and Wales)

KONTOR HOLDINGS LIMITED

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

KONTOR HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KONTOR HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
KONTOR HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 32,491 32,491
32,491 32,491
Current assets
Debtors 4 371,868 218,412
Cash at bank and in hand 8,550 271,605
380,418 490,017
Creditors: amounts falling due within one year 5 ( 2,500) ( 5,280)
Net current assets 377,918 484,737
Total assets less current liabilities 410,409 517,228
Net assets 410,409 517,228
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 410,209 517,028
Total shareholder's funds 410,409 517,228

For the financial year ending 31 December 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 Kontor Holdings Limited (registered number: 11630957) were approved and authorised for issue by the Board of Directors on 06 August 2024. They were signed on its behalf by:

S J M Haworth
Director
KONTOR HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KONTOR HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Kontor 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 33 Gresse Street, London, W1T 1QU, England, 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.

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.

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 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 32,491
At 31 December 2023 32,491
Carrying value at 31 December 2023 32,491
Carrying value at 31 December 2022 32,491

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 0 218,312
Amounts owed by Parent undertakings 250,000 0
Amounts owed by own subsidiaries 121,868 0
Amounts owed by directors 0 100
371,868 218,412

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 1,200
Accruals 2,500 4,080
2,500 5,280

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
20,000 Ordinary shares of £ 0.01 each (2022: nil shares) 200 0
Nil A Ordinary shares (2022: 10,000 shares of £ 0.01 each) 0 100
Nil B Ordinary shares (2022: 10,000 shares of £ 0.01 each) 0 100
200 200

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed by directors 0 100

During the year credits to Directors totalled £100. The amount outstanding at the year end was £Nil. The accounts are interest-free