Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Stephen John Cherry 23/08/2024 03/11/2008 Billie Lee 03/11/2008 09 October 2024 The principal activity of the Company during the financial year was the holding of subsidiary companies. 06739438 2024-04-30 06739438 bus:Director1 2024-04-30 06739438 bus:Director2 2024-04-30 06739438 2023-04-30 06739438 core:CurrentFinancialInstruments 2024-04-30 06739438 core:CurrentFinancialInstruments 2023-04-30 06739438 core:ShareCapital 2024-04-30 06739438 core:ShareCapital 2023-04-30 06739438 core:RetainedEarningsAccumulatedLosses 2024-04-30 06739438 core:RetainedEarningsAccumulatedLosses 2023-04-30 06739438 core:CostValuation 2023-04-30 06739438 core:CostValuation 2024-04-30 06739438 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 06739438 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-30 06739438 core:CurrentFinancialInstruments 10 2024-04-30 06739438 core:CurrentFinancialInstruments 10 2023-04-30 06739438 bus:OrdinaryShareClass1 2024-04-30 06739438 bus:OrdinaryShareClass2 2024-04-30 06739438 2023-05-01 2024-04-30 06739438 bus:FilletedAccounts 2023-05-01 2024-04-30 06739438 bus:SmallEntities 2023-05-01 2024-04-30 06739438 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06739438 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06739438 bus:Director1 2023-05-01 2024-04-30 06739438 bus:Director2 2023-05-01 2024-04-30 06739438 2022-05-01 2023-04-30 06739438 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 06739438 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06739438 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 06739438 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 06739438 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 06739438 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06739438 (England and Wales)

HORDEN CHERRY LEE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

HORDEN CHERRY LEE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

HORDEN CHERRY LEE LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
HORDEN CHERRY LEE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTOR Stephen John Cherry (Resigned 23 August 2024)
Billie Lee
REGISTERED OFFICE 1 Poultry C/O Praxis
London
EC2R 8EJ
England
United Kingdom
COMPANY NUMBER 06739438 (England and Wales)
ACCOUNTANT Praxis
1 Poultry
London
EC2R 8EJ
HORDEN CHERRY LEE LIMITED

BALANCE SHEET

As at 30 April 2024
HORDEN CHERRY LEE LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3 3
3 3
Current assets
Debtors 4 505,212 398,381
Cash at bank and in hand 236,264 409,348
741,476 807,729
Creditors: amounts falling due within one year 5 ( 3,000) ( 4,520)
Net current assets 738,476 803,209
Total assets less current liabilities 738,479 803,212
Net assets 738,479 803,212
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 738,477 803,210
Total shareholders' funds 738,479 803,212

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.

Director's responsibilities:

The financial statements of Horden Cherry Lee Limited (registered number: 06739438) were approved and authorised for issue by the Director on 09 October 2024. They were signed on its behalf by:

Billie Lee
Director
HORDEN CHERRY LEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
HORDEN CHERRY LEE LIMITED

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

Horden Cherry Lee 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 1 Poultry C/O Praxis, London, EC2R 8EJ, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

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.

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 Balance Sheet date.

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 and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

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. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 3
At 30 April 2024 3
Carrying value at 30 April 2024 3
Carrying value at 30 April 2023 3

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 47,589 49,023
Other taxation and social security 71,652 71,652
Other debtors 385,971 277,706
505,212 398,381

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 1,521
Other creditors 3,000 2,999
3,000 4,520

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

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
2 2

7. Financial commitments

The Company had no material capital commitments at the year ended 30 April 2024.

8. Related party transactions

Transactions with the entity's director

Advances

An advance for Billie Lee was made for £330,258 (2023: £277,706) (at interest rates of 2.25% and 2.00%, respectively), the conditions are that the loan is unsecured.

An advance for Stephen Cherry was made for £108,265 (2023: £Nil) (at interest rate of 2.25%), the conditions are that the loan is unsecured.

The total liability incurred under advances is £438,523 the total amount repaid are £0, the total amounts written-off are £0 and the total amounts waived are £0.

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.

9. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.