Silverfin false false 31/03/2024 12/09/2023 31/03/2024 Mr D Gebbie 10/10/2023 12/09/2023 Mr B Lyne 10/10/2023 Mr D Palmer 10/10/2023 Ms E West 10/10/2023 08 November 2024 The principal activity of the Company during the financial period was that of a holding company. 15134063 2024-03-31 15134063 bus:Director1 2024-03-31 15134063 bus:Director2 2024-03-31 15134063 bus:Director3 2024-03-31 15134063 bus:Director4 2024-03-31 15134063 core:CurrentFinancialInstruments 2024-03-31 15134063 core:Non-currentFinancialInstruments 2024-03-31 15134063 core:ShareCapital 2024-03-31 15134063 core:RetainedEarningsAccumulatedLosses 2024-03-31 15134063 core:AdditionsToInvestments 2024-03-31 15134063 core:CostValuation 2024-03-31 15134063 bus:OrdinaryShareClass1 2024-03-31 15134063 2023-09-12 2024-03-31 15134063 bus:FilletedAccounts 2023-09-12 2024-03-31 15134063 bus:SmallEntities 2023-09-12 2024-03-31 15134063 bus:AuditExemptWithAccountantsReport 2023-09-12 2024-03-31 15134063 bus:PrivateLimitedCompanyLtd 2023-09-12 2024-03-31 15134063 bus:Director1 2023-09-12 2024-03-31 15134063 bus:Director2 2023-09-12 2024-03-31 15134063 bus:Director3 2023-09-12 2024-03-31 15134063 bus:Director4 2023-09-12 2024-03-31 15134063 core:CurrentFinancialInstruments 2023-09-12 2024-03-31 15134063 core:Non-currentFinancialInstruments 2023-09-12 2024-03-31 15134063 bus:OrdinaryShareClass1 2023-09-12 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15134063 (England and Wales)

BEDS (SW) 2023 LIMITED

Unaudited Financial Statements
For the financial period from 12 September 2023 to 31 March 2024
Pages for filing with the registrar

BEDS (SW) 2023 LIMITED

Unaudited Financial Statements

For the financial period from 12 September 2023 to 31 March 2024

Contents

BEDS (SW) 2023 LIMITED

BALANCE SHEET

As at 31 March 2024
BEDS (SW) 2023 LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Investments 3 1,776,600
1,776,600
Current assets
Cash at bank and in hand 100
100
Creditors: amounts falling due within one year 4 ( 428,290)
Net current liabilities (428,190)
Total assets less current liabilities 1,348,410
Creditors: amounts falling due after more than one year 5 ( 1,175,900)
Net assets 172,510
Capital and reserves
Called-up share capital 6 100
Profit and loss account 172,410
Total shareholders' funds 172,510

For the financial period ending 31 March 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 BEDS (SW) 2023 Limited (registered number: 15134063) were approved and authorised for issue by the Board of Directors on 08 November 2024. They were signed on its behalf by:

Ms E West
Director
BEDS (SW) 2023 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 September 2023 to 31 March 2024
BEDS (SW) 2023 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 September 2023 to 31 March 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

BEDS (SW) 2023 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 Ambrison House Unit 1 Lorn Haven Business Park, Ashburton, Newton Abbot, TQ13 7FF, 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 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.

Reporting period length

Reporting period length has been shortened to a period less than 12 months to be in line with members of the group.

Dividend income

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

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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

Period from
12.09.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 12 September 2023 0
Additions 1,776,600
At 31 March 2024 1,776,600
Carrying value at 31 March 2024 1,776,600

4. Creditors: amounts falling due within one year

31.03.2024
£
Amounts owed to Group undertakings 26,470
Accruals 1,020
Other creditors 400,800
428,290

There are no amounts included above in respect of which any security has been given by the small entity.

5. Creditors: amounts falling due after more than one year

31.03.2024
£
Other creditors 1,175,900

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On incorporation 1 ordinary £1 share was issued. On 10 October 2023, the company issued a further 99 ordinary £1 shares.