Silverfin false true 31/08/2024 09/08/2023 31/08/2024 Wayne Thomas Sydney Breeze 09/08/2023 James Joseph Goldburg 09/08/2023 Brett Peter Goodin 09/08/2023 Mark Edward John Riddiford 09/08/2023 27 November 2024 During the current period the Company has been dormant as defined in Section 1169 of the Companies Act 2006.

The Company was incorporated on 9 August 2023. The financial period started on 9 August 2023 and ended on 31 August 2024.
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Company No: 15060641 (England and Wales)

CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

Unaudited Financial Statements
For the financial period from 09 August 2023 to 31 August 2024
Pages for filing with the registrar

CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

Unaudited Financial Statements

For the financial period from 09 August 2023 to 31 August 2024

Contents

CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

COMPANY INFORMATION

For the financial period from 09 August 2023 to 31 August 2024
CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

COMPANY INFORMATION (continued)

For the financial period from 09 August 2023 to 31 August 2024
DIRECTORS Wayne Thomas Sydney Breeze (Appointed 09 August 2023)
James Joseph Goldburg (Appointed 09 August 2023)
Brett Peter Goodin (Appointed 09 August 2023)
Mark Edward John Riddiford (Appointed 09 August 2023)
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 15060641 (England and Wales)
ACCOUNTANT Gravita Business Services Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

BALANCE SHEET

As at 31 August 2024
CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 31.08.2024
£
Current assets
Debtors 3 1
1
Net current assets 1
Total assets less current liabilities 1
Net assets 1
Capital and reserves
Called-up share capital 1
Total shareholder's funds 1

Circular Resources (Technologies) Limited (registered number: 15060641) did not trade during the current financial period and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial period and therefore no Statement of Changes of Equity has been included. For the financial period ending 31 August 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Circular Resources (Technologies) Limited (registered number: 15060641) were approved and authorised for issue by the Board of Directors on 27 November 2024. They were signed on its behalf by:

Wayne Thomas Sydney Breeze
Director
CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 August 2023 to 31 August 2024
CIRCULAR RESOURCES (TECHNOLOGIES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 August 2023 to 31 August 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

Circular Resources (Technologies) 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 2 Leman Street, London, E1W 9US, 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. Given the Company is dormant and has no external liabilities, 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.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
09.08.2023 to
31.08.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 4

3. Debtors

31.08.2024
£
Amounts owed by Parent undertakings 1

4. Ultimate controlling party

The Company's immediate parent and ultimate controlling party is Circular Resources PTE Limited, a Company incorporated and registered in Singapore at 6 Shenton Way, #33-00 OUE Downtown, Singapore 068809.