Silverfin false false 30/04/2024 01/05/2023 30/04/2024 A T Brown 16/08/2017 J A Ray 16/08/2017 C S Thurling 16/08/2017 20 November 2024 The principal activity of the Company during the financial year was that of a holding company. 10919517 2024-04-30 10919517 bus:Director1 2024-04-30 10919517 bus:Director2 2024-04-30 10919517 bus:Director3 2024-04-30 10919517 2023-04-30 10919517 core:CurrentFinancialInstruments 2024-04-30 10919517 core:CurrentFinancialInstruments 2023-04-30 10919517 core:ShareCapital 2024-04-30 10919517 core:ShareCapital 2023-04-30 10919517 core:RetainedEarningsAccumulatedLosses 2024-04-30 10919517 core:RetainedEarningsAccumulatedLosses 2023-04-30 10919517 core:Goodwill 2023-04-30 10919517 core:Goodwill 2024-04-30 10919517 core:CostValuation 2023-04-30 10919517 core:CostValuation 2024-04-30 10919517 bus:OrdinaryShareClass1 2024-04-30 10919517 2023-05-01 2024-04-30 10919517 bus:FilletedAccounts 2023-05-01 2024-04-30 10919517 bus:SmallEntities 2023-05-01 2024-04-30 10919517 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10919517 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10919517 bus:Director1 2023-05-01 2024-04-30 10919517 bus:Director2 2023-05-01 2024-04-30 10919517 bus:Director3 2023-05-01 2024-04-30 10919517 core:Goodwill core:TopRangeValue 2023-05-01 2024-04-30 10919517 core:Goodwill 2023-05-01 2024-04-30 10919517 core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 10919517 2022-05-01 2023-04-30 10919517 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10919517 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10919517 (England and Wales)

ARMADILLO ASSOCIATES HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ARMADILLO ASSOCIATES HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ARMADILLO ASSOCIATES HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
ARMADILLO ASSOCIATES HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 178,688 233,669
Investments 4 190 190
178,878 233,859
Current assets
Debtors 5 311,790 19,616
Cash at bank and in hand 759,893 1,112,347
1,071,683 1,131,963
Creditors: amounts falling due within one year 6 ( 6,562) ( 2,035)
Net current assets 1,065,121 1,129,928
Total assets less current liabilities 1,243,999 1,363,787
Net assets 1,243,999 1,363,787
Capital and reserves
Called-up share capital 7 200 200
Profit and loss account 1,243,799 1,363,587
Total shareholders' funds 1,243,999 1,363,787

For the financial year ending 30 April 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 Armadillo Associates Holdings Limited (registered number: 10919517) were approved and authorised for issue by the Board of Directors on 20 November 2024. They were signed on its behalf by:

A T Brown
Director
ARMADILLO ASSOCIATES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ARMADILLO ASSOCIATES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Armadillo Associates 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 England and Wales. The address of the Company's registered office is The Distillery, 1-2 Avon Street, Bristol, BS2 0GR, 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 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 s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life of 10 years.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

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

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2023 549,810 549,810
At 30 April 2024 549,810 549,810
Accumulated amortisation
At 01 May 2023 316,141 316,141
Charge for the financial year 54,981 54,981
At 30 April 2024 371,122 371,122
Net book value
At 30 April 2024 178,688 178,688
At 30 April 2023 233,669 233,669

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 190
At 30 April 2024 190
Carrying value at 30 April 2024 190
Carrying value at 30 April 2023 190

5. Debtors

2024 2023
£ £
Amounts owed by directors 155,576 9,906
Other debtors 156,214 9,710
311,790 19,616

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,090 498
Accruals 1,375 1,300
Taxation and social security 4,097 237
6,562 2,035

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed from/(to) directors of the company 155,576 9,906
Amounts owed from/(to) shareholders 156,214 9,710
Dividends paid to directors (748,547) (83,325)

Interest has been charged on the loans when overdrawn, and amounts were repaid shortly after the year end.

The company has taken the exemption in section 1AC.35 of FRS 102 to not disclose transactions with wholly owned group companies.