Acorah Software Products - Accounts Production 15.0.600 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12689178 Julia Markiewicz Silent Eight Pte. Ltd 3 Church Street, #25-01, Samsung Hub, Singapore, 049483 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12689178 2023-07-31 12689178 2024-07-31 12689178 2023-08-01 2024-07-31 12689178 frs-core:CurrentFinancialInstruments 2024-07-31 12689178 frs-core:ComputerEquipment 2024-07-31 12689178 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12689178 frs-core:ComputerEquipment 2023-07-31 12689178 frs-core:ShareCapital 2024-07-31 12689178 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12689178 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12689178 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12689178 frs-bus:SmallEntities 2023-08-01 2024-07-31 12689178 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12689178 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12689178 1 2023-08-01 2024-07-31 12689178 frs-bus:Director1 2023-08-01 2024-07-31 12689178 frs-countries:EnglandWales 2023-08-01 2024-07-31 12689178 2022-07-31 12689178 2023-07-31 12689178 2022-08-01 2023-07-31 12689178 frs-core:CurrentFinancialInstruments 2023-07-31 12689178 frs-core:ShareCapital 2023-07-31 12689178 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12689178
Silent Eight UK Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12689178
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 118
- 118
CURRENT ASSETS
Debtors 5 215 215
Cash at bank and in hand 44,033 45,721
44,248 45,936
Creditors: Amounts Falling Due Within One Year 6 (531,223 ) (435,798 )
NET CURRENT ASSETS (LIABILITIES) (486,975 ) (389,862 )
TOTAL ASSETS LESS CURRENT LIABILITIES (486,975 ) (389,744 )
NET LIABILITIES (486,975 ) (389,744 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (486,976 ) (389,745 )
SHAREHOLDERS' FUNDS (486,975) (389,744)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Julia Markiewicz
Director
24 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silent Eight UK Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 12689178 . The registered office is 2 Riding House Street, London, W1W 7FA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover relates services provided to the company's parent company based on costs plus markup. The amount is net of VAT.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.  Depreciation  is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years on straight line basis
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 years 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.
Current tax for the year is recognised in profit or loss.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable  in accordance with the rules of the scheme.
2.7. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2023: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 1,409
As at 31 July 2024 1,409
Depreciation
As at 1 August 2023 1,291
Provided during the period 118
As at 31 July 2024 1,409
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 118
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 215 215
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security - 15,656
Other creditors 1,540 1,270
Accruals and deferred income 136,719 -
Amounts owed to group undertakings 147 -
Amounts owed to parent undertaking 392,817 418,872
531,223 435,798
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,539 (2023: £1,269) were due to the fund. They are included in Other Creditors.
9. Ultimate Parent Undertaking and Controlling Party
The company is a 100% subsidiary of Silent Eight Pte. Ltd , the company registered in Singapore, whose registered office is 3 Church Street, #25-01, Samsung Hub, Singapore, 049483
Copies of the consolidated financial statements can be obtained from https://www.bizfile.gov.sg.
Page 4