Silverfin false false 31/03/2024 01/04/2023 31/03/2024 E Maple 10/05/2019 M Maple 03/10/2023 19/04/2018 25 September 2024 The principal activity of the Company during the financial year was that of a holding company. 11318156 2024-03-31 11318156 bus:Director1 2024-03-31 11318156 bus:Director2 2024-03-31 11318156 2023-03-31 11318156 core:CurrentFinancialInstruments 2024-03-31 11318156 core:CurrentFinancialInstruments 2023-03-31 11318156 core:ShareCapital 2024-03-31 11318156 core:ShareCapital 2023-03-31 11318156 core:RetainedEarningsAccumulatedLosses 2024-03-31 11318156 core:RetainedEarningsAccumulatedLosses 2023-03-31 11318156 core:PlantMachinery 2023-03-31 11318156 core:Vehicles 2023-03-31 11318156 core:OfficeEquipment 2023-03-31 11318156 core:PlantMachinery 2024-03-31 11318156 core:Vehicles 2024-03-31 11318156 core:OfficeEquipment 2024-03-31 11318156 core:CostValuation 2023-03-31 11318156 core:CostValuation 2024-03-31 11318156 2023-04-01 2024-03-31 11318156 bus:FilletedAccounts 2023-04-01 2024-03-31 11318156 bus:SmallEntities 2023-04-01 2024-03-31 11318156 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11318156 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11318156 bus:Director1 2023-04-01 2024-03-31 11318156 bus:Director2 2023-04-01 2024-03-31 11318156 core:PlantMachinery 2023-04-01 2024-03-31 11318156 core:Vehicles 2023-04-01 2024-03-31 11318156 core:OfficeEquipment 2023-04-01 2024-03-31 11318156 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 11318156 (England and Wales)

5659 HOLDINGS LIMITED

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

5659 HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

5659 HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2024
5659 HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 87,986 112,896
Investments 4 220 220
88,206 113,116
Current assets
Debtors 5 386,947 337,723
Cash at bank and in hand 20,300 38,023
407,247 375,746
Creditors: amounts falling due within one year 6 ( 2,946) ( 1,260)
Net current assets 404,301 374,486
Total assets less current liabilities 492,507 487,602
Net assets 492,507 487,602
Capital and reserves
Called-up share capital 200 200
Profit and loss account 492,307 487,402
Total shareholders' funds 492,507 487,602

For the financial year ending 31 March 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 5659 Holdings Limited (registered number: 11318156) were approved and authorised for issue by the Director on 25 September 2024. They were signed on its behalf by:

E Maple
Director
5659 HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
5659 HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

5659 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 . The address of the Company's registered office is Unit 8 Fleets Ind. Est., Willis Way, Poole, Dorset, United Kingdom, BH15 3SU .

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

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.

2. Employees

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

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2023 301,387 22,284 1,250 324,921
Additions 5,450 0 5,475 10,925
Disposals ( 8,200) 0 0 ( 8,200)
At 31 March 2024 298,637 22,284 6,725 327,646
Accumulated depreciation
At 01 April 2023 202,714 8,357 954 212,025
Charge for the financial year 24,974 3,481 302 28,757
Disposals ( 1,122) 0 0 ( 1,122)
At 31 March 2024 226,566 11,838 1,256 239,660
Net book value
At 31 March 2024 72,071 10,446 5,469 87,986
At 31 March 2023 98,673 13,927 296 112,896

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 220
At 31 March 2024 220
Carrying value at 31 March 2024 220
Carrying value at 31 March 2023 220

5. Debtors

2024 2023
£ £
Trade debtors 4,800 0
Amounts owed by Group undertakings 382,147 337,723
386,947 337,723

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,576 0
Accruals 1,260 1,260
Other taxation and social security 110 0
2,946 1,260