Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Clive Dymond 10/01/2018 Josephine Anne Hicks 10/01/2018 Stuart Kennedy 10/01/2018 30 October 2024 The principal activity of the Company during the financial year was property management. 11143627 2024-01-31 11143627 bus:Director1 2024-01-31 11143627 bus:Director2 2024-01-31 11143627 bus:Director3 2024-01-31 11143627 core:CurrentFinancialInstruments 2024-01-31 11143627 core:CurrentFinancialInstruments 2023-01-31 11143627 2023-01-31 11143627 core:ShareCapital 2024-01-31 11143627 core:ShareCapital 2023-01-31 11143627 bus:OrdinaryShareClass1 2024-01-31 11143627 2023-02-01 2024-01-31 11143627 bus:FilletedAccounts 2023-02-01 2024-01-31 11143627 bus:SmallEntities 2023-02-01 2024-01-31 11143627 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11143627 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11143627 bus:Director1 2023-02-01 2024-01-31 11143627 bus:Director2 2023-02-01 2024-01-31 11143627 bus:Director3 2023-02-01 2024-01-31 11143627 2022-02-01 2023-01-31 11143627 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 11143627 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11143627 (England and Wales)

1899 LIMITED

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

1899 LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

1899 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2024
1899 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2024
2024 2023
£ £
Current assets
Debtors 3 2,352 4,768
Cash at bank and in hand 3,561 333
5,913 5,101
Creditors: amounts falling due within one year 4 ( 5,908) ( 5,096)
Net current assets 5 5
Total assets less current liabilities 5 5
Net assets 5 5
Capital and reserves
Called-up share capital 5 5 5
Total shareholders' funds 5 5

For the financial year 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 1899 Limited (registered number: 11143627) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

Josephine Anne Hicks
Director
1899 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1899 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 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

1899 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 Saffron Hill, Egloskerry, Launceston, PL15 8RX, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Amounts owed by directors 3 3
Other debtors 2,349 4,765
2,352 4,768

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 672 1,865
Accruals 1,392 0
Other creditors 3,844 3,231
5,908 5,096

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5 Ordinary shares of £ 1.00 each 5 5

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Owed by/(to) the directors (672) (1,865)

No interest is charged on the balance and the balance is repayable in full on demand.

Other related party transactions

2024 2023
£ £
Owed by/(to) a company in which a director has control of (3,844) (3,231)

No interest is charged on the balance and the balance is repayable in full on demand.