Silverfin false false 30/04/2024 01/05/2023 30/04/2024 K M Fussell M C Tellwright 03/04/2020 27 August 2024 The principal activity of the Company during the financial year was to provide advisory services for a bonded warehouse. 12546435 2024-04-30 12546435 bus:Director2 2024-04-30 12546435 core:CurrentFinancialInstruments 2024-04-30 12546435 core:CurrentFinancialInstruments 2023-04-30 12546435 2023-04-30 12546435 core:Non-currentFinancialInstruments 2024-04-30 12546435 core:Non-currentFinancialInstruments 2023-04-30 12546435 core:ShareCapital 2024-04-30 12546435 core:ShareCapital 2023-04-30 12546435 core:RetainedEarningsAccumulatedLosses 2024-04-30 12546435 core:RetainedEarningsAccumulatedLosses 2023-04-30 12546435 core:ImmediateParent core:CurrentFinancialInstruments 2024-04-30 12546435 core:ImmediateParent core:CurrentFinancialInstruments 2023-04-30 12546435 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2024-04-30 12546435 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2023-04-30 12546435 bus:OrdinaryShareClass1 2024-04-30 12546435 2023-05-01 2024-04-30 12546435 bus:FilletedAccounts 2023-05-01 2024-04-30 12546435 bus:SmallEntities 2023-05-01 2024-04-30 12546435 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12546435 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12546435 bus:Director1 2023-05-01 2024-04-30 12546435 bus:Director2 2023-05-01 2024-04-30 12546435 2022-05-01 2023-04-30 12546435 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 12546435 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 12546435 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12546435 (England and Wales)

ROYAL ELIZABETH BOND LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

ROYAL ELIZABETH BOND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

ROYAL ELIZABETH BOND LTD

BALANCE SHEET

AS AT 30 APRIL 2024
ROYAL ELIZABETH BOND LTD

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Restated - note 2
Current assets
Debtors 4 0 3,336
Cash at bank and in hand 67,072 20,481
67,072 23,817
Creditors: amounts falling due within one year 5 ( 45,474) ( 16,237)
Net current assets 21,598 7,580
Total assets less current liabilities 21,598 7,580
Creditors: amounts falling due after more than one year 6 ( 195,914) ( 100,000)
Net liabilities ( 174,316) ( 92,420)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 174,416 ) ( 92,520 )
Total shareholder's deficit ( 174,316) ( 92,420)

For the financial year ending 30 April 2024 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 Royal Elizabeth Bond Ltd (registered number: 12546435) were approved and authorised for issue by the Board of Directors on 27 August 2024. They were signed on its behalf by:

M C Tellwright
Director
ROYAL ELIZABETH BOND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
ROYAL ELIZABETH BOND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
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

Royal Elizabeth Bond 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 68 Grafton Way, London, W1T 5DS, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 Balance Sheet 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 services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related parties, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Prior year adjustment

The year ended 30 April 2023 Balance Sheet has been restated to present the amounts due to related parties as due after more than one year. The restatement has been made to align the Balance Sheet to the repayment date on the loan agreement. The adjustment has no impact on the reported net assets for the prior year and are presentational in nature.

As previously reported Adjustment As restated
Year ended 30 April 2023 £ £ £
Creditors: amounts falling due within one year 116,237 (100,000) 16,237
Creditors: amounts falling due after more than one year 0 100,000 100,000

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

4. Debtors

2024 2023
£ £
Other debtors 0 3,336

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,439 11,787
Amounts owed to Parent undertakings 100 100
Other taxation and social security 5,441 0
Other creditors 33,494 4,350
45,474 16,237

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

2024 2023
£ £
Amounts owed to related parties 195,914 100,000

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

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100