Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Hallie Knable Goldschmidt 01/07/2021 Michael Goldschmidt 01/07/2021 07 November 2024 The principal activity of the Company during the financial period was that of rental property. 13489175 2024-07-31 13489175 bus:Director1 2024-07-31 13489175 bus:Director2 2024-07-31 13489175 2023-07-31 13489175 core:CurrentFinancialInstruments 2024-07-31 13489175 core:CurrentFinancialInstruments 2023-07-31 13489175 core:ShareCapital 2024-07-31 13489175 core:ShareCapital 2023-07-31 13489175 core:RetainedEarningsAccumulatedLosses 2024-07-31 13489175 core:RetainedEarningsAccumulatedLosses 2023-07-31 13489175 core:ImmediateParent core:CurrentFinancialInstruments 2024-07-31 13489175 core:ImmediateParent core:CurrentFinancialInstruments 2023-07-31 13489175 core:CurrentFinancialInstruments 1 2024-07-31 13489175 core:CurrentFinancialInstruments 1 2023-07-31 13489175 bus:OrdinaryShareClass1 2024-07-31 13489175 2023-08-01 2024-07-31 13489175 bus:FilletedAccounts 2023-08-01 2024-07-31 13489175 bus:SmallEntities 2023-08-01 2024-07-31 13489175 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13489175 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13489175 bus:Director1 2023-08-01 2024-07-31 13489175 bus:Director2 2023-08-01 2024-07-31 13489175 2022-08-01 2023-07-31 13489175 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 13489175 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13489175 (England and Wales)

HENDERSON ASSET HOLDING (UK) LIMITED

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

HENDERSON ASSET HOLDING (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

HENDERSON ASSET HOLDING (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
HENDERSON ASSET HOLDING (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 299,905 299,905
299,905 299,905
Current assets
Debtors 4 665 617
Cash at bank and in hand 3,145 4,934
3,810 5,551
Creditors: amounts falling due within one year 5 ( 308,436) ( 304,138)
Net current liabilities (304,626) (298,587)
Total assets less current liabilities (4,721) 1,318
Provision for liabilities 0 ( 2,108)
Net liabilities ( 4,721) ( 790)
Capital and reserves
Called-up share capital 6 10,000 10,000
Profit and loss account ( 14,721 ) ( 10,790 )
Total shareholder's deficit ( 4,721) ( 790)

For the financial 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.

Directors' responsibilities:

The financial statements of Henderson Asset Holding (UK) Limited (registered number: 13489175) were approved and authorised for issue by the Board of Directors on 07 November 2024. They were signed on its behalf by:

Hallie Knable Goldschmidt
Director
HENDERSON ASSET HOLDING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
HENDERSON ASSET HOLDING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Henderson Asset Holding (UK) 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 4 The Quay, Dartmouth, TQ6 9PS, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have 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.

Group accounts exemption

Group accounts exemption s400
The Company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

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.

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 Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

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

3. Investment property

Investment property
£
Valuation
As at 01 August 2023 299,905
As at 31 July 2024 299,905

Valuation

The 2024 valuation was made by the directors on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 299,905 299,905

4. Debtors

2024 2023
£ £
Other debtors 665 617

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 399
Amounts owed to Parent undertakings 304,405 299,405
Amounts owed to connected companies 0 196
Amounts owed to directors 1,300 2,238
Accruals 2,731 1,900
308,436 304,138

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each 10,000 10,000

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed to parent company 304,405 299,405

Transactions with the entity's directors

2024 2023
£ £
Amounts due to the directors 1,300 2,238

During the period the directors maintained current accounts with the company, with some repayments made. At 31 July 2024 the company owed the directors £1,300 (2023: £2,238). There is no interest charged on the accounts.