Silverfin false false 31/03/2024 01/04/2023 31/03/2024 A J Smith 18/01/2019 S F Smith 18/01/2019 20 November 2024 The principal activity of the Company during the financial year was that of investment in the property sector. 11775481 2024-03-31 11775481 bus:Director1 2024-03-31 11775481 bus:Director2 2024-03-31 11775481 2023-03-31 11775481 core:CurrentFinancialInstruments 2024-03-31 11775481 core:CurrentFinancialInstruments 2023-03-31 11775481 core:ShareCapital 2024-03-31 11775481 core:ShareCapital 2023-03-31 11775481 core:RetainedEarningsAccumulatedLosses 2024-03-31 11775481 core:RetainedEarningsAccumulatedLosses 2023-03-31 11775481 core:CostValuation 2023-03-31 11775481 core:DisposalsRepaymentsInvestments 2024-03-31 11775481 core:CostValuation 2024-03-31 11775481 2023-04-01 2024-03-31 11775481 bus:FilletedAccounts 2023-04-01 2024-03-31 11775481 bus:SmallEntities 2023-04-01 2024-03-31 11775481 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11775481 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11775481 bus:Director1 2023-04-01 2024-03-31 11775481 bus:Director2 2023-04-01 2024-03-31 11775481 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 11775481 (England and Wales)

STAMEMGE LTD

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

STAMEMGE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

STAMEMGE LTD

BALANCE SHEET

As at 31 March 2024
STAMEMGE LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 0 2
0 2
Current assets
Debtors 4 213,000 196,000
Cash at bank and in hand 840 17,924
213,840 213,924
Creditors: amounts falling due within one year 5 ( 2,039) ( 26)
Net current assets 211,801 213,898
Total assets less current liabilities 211,801 213,900
Net assets 211,801 213,900
Capital and reserves
Called-up share capital 4 4
Profit and loss account 211,797 213,896
Total shareholders' funds 211,801 213,900

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.

Directors' responsibilities:

The financial statements of Stamemge Ltd (registered number: 11775481) were approved and authorised for issue by the Board of Directors on 20 November 2024. They were signed on its behalf by:

A J Smith
Director
STAMEMGE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
STAMEMGE LTD

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

Stamemge Ltd (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 16 Mill Hill Close, Poole, BH14 8RL, 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 £.

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 Balance Sheet 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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.

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.

2. Employees

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

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 2 2
Disposals ( 2) ( 2)
At 31 March 2024 0 0
Carrying value at 31 March 2024 0 0
Carrying value at 31 March 2023 2 2

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Lighthouse Land (Weymouth) Ltd
Registered office: England and Wales
Nature of business: Property development

Class of shares: Ordinary
% holding: 50.00%

The company was dissolved on 5 September 2023.

4. Debtors

2024 2023
£ £
Amounts owed by connected companies 213,000 196,000

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 2,039 26