Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Mr A R Harris-Guerrero 02/05/2023 Mrs E L E Harris-Guerrero 02/05/2023 30 October 2024 The principal activity of the Company during the financial year was that of a holdings company. 14841021 2024-01-31 14841021 bus:Director1 2024-01-31 14841021 bus:Director2 2024-01-31 14841021 core:CurrentFinancialInstruments 2024-01-31 14841021 core:ShareCapital 2024-01-31 14841021 core:RetainedEarningsAccumulatedLosses 2024-01-31 14841021 core:CostValuation 2023-01-31 14841021 core:AdditionsToInvestments 2024-01-31 14841021 core:CostValuation 2024-01-31 14841021 bus:OrdinaryShareClass1 2024-01-31 14841021 bus:OrdinaryShareClass2 2024-01-31 14841021 bus:OrdinaryShareClass3 2024-01-31 14841021 2023-02-01 2024-01-31 14841021 bus:FilletedAccounts 2023-02-01 2024-01-31 14841021 bus:SmallEntities 2023-02-01 2024-01-31 14841021 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 14841021 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14841021 bus:Director1 2023-02-01 2024-01-31 14841021 bus:Director2 2023-02-01 2024-01-31 14841021 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 14841021 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 14841021 bus:OrdinaryShareClass3 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14841021 (England and Wales)

SAIL SHAPE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period ended 31 January 2024
Pages for filing with the registrar

SAIL SHAPE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period ended 31 January 2024

Contents

SAIL SHAPE HOLDINGS LIMITED

BALANCE SHEET

As at 31 January 2024
SAIL SHAPE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024
£
Fixed assets
Investments 3 301
301
Current assets
Debtors 4 100
100
Creditors: amounts falling due within one year 5 ( 1,801)
Net current liabilities (1,701)
Total assets less current liabilities (1,400)
Net liabilities ( 1,400)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 1,500 )
Total shareholders' deficit ( 1,400)

For the financial period ending 31 January 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 Sail Shape Holdings Limited (registered number: 14841021) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

Mr A R Harris-Guerrero
Director
SAIL SHAPE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 January 2024
SAIL SHAPE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Sail Shape 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 Unit 3g, Restormel Industrial Estate, Lostwithiel, PL22 0HG, 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 Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company and its subsidiaries have 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.

At the time dividends were paid in the year there were sufficient profits available for distribution. The directors acknowledge that no further distributions can be made until there are sufficient profits available for that purpose.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Reporting period length

The accounting period was shortened to 31 January to bring it in line with all other group companies.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Impairment of assets

Assets, other than those measured at fair value, 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 Statement of Income and Retained Earnings as described below.

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

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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 that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 February 2023 0 0
Additions 301 301
At 31 January 2024 301 301
Carrying value at 31 January 2024 301 301

4. Debtors

2024
£
Other debtors 100

5. Creditors: amounts falling due within one year

2024
£
Amounts owed to Group undertakings 300
Other creditors 1,501
1,801

6. Called-up share capital

2024
£
Allotted, called-up and fully-paid
70 Ordinary A shares of £ 1.00 each 70
20 Ordinary B shares of £ 1.00 each 20
10 Ordinary C shares of £ 1.00 each 10
100

The company incorporated on 2 May 2023 and share capital of £100 was issued at par value.