Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mr J Barton-Harvey 15/04/2024 Mr J Ellison 20/11/2018 Mr M Horner 20/11/2018 Mr K Raichura 20/11/2018 29 November 2024 The principal activity of the company during the financial year is that of business and domestic software development. 11687095 2024-02-29 11687095 bus:Director1 2024-02-29 11687095 bus:Director2 2024-02-29 11687095 bus:Director3 2024-02-29 11687095 bus:Director4 2024-02-29 11687095 2023-02-28 11687095 core:CurrentFinancialInstruments 2024-02-29 11687095 core:CurrentFinancialInstruments 2023-02-28 11687095 core:ShareCapital 2024-02-29 11687095 core:ShareCapital 2023-02-28 11687095 core:RetainedEarningsAccumulatedLosses 2024-02-29 11687095 core:RetainedEarningsAccumulatedLosses 2023-02-28 11687095 core:ComputerSoftware 2023-02-28 11687095 core:PatentsTrademarksLicencesConcessionsSimilar 2023-02-28 11687095 core:ComputerSoftware 2024-02-29 11687095 core:PatentsTrademarksLicencesConcessionsSimilar 2024-02-29 11687095 core:CostValuation 2023-02-28 11687095 core:AdditionsToInvestments 2024-02-29 11687095 core:CostValuation 2024-02-29 11687095 2023-03-01 2024-02-29 11687095 bus:FilletedAccounts 2023-03-01 2024-02-29 11687095 bus:SmallEntities 2023-03-01 2024-02-29 11687095 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11687095 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11687095 bus:Director1 2023-03-01 2024-02-29 11687095 bus:Director2 2023-03-01 2024-02-29 11687095 bus:Director3 2023-03-01 2024-02-29 11687095 bus:Director4 2023-03-01 2024-02-29 11687095 core:ComputerSoftware core:TopRangeValue 2023-03-01 2024-02-29 11687095 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-03-01 2024-02-29 11687095 2022-03-01 2023-02-28 11687095 core:ComputerSoftware 2023-03-01 2024-02-29 11687095 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-01 2024-02-29 11687095 1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 11687095 (England and Wales)

CLASS MANAGER LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

CLASS MANAGER LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

CLASS MANAGER LIMITED

BALANCE SHEET

As at 29 February 2024
CLASS MANAGER LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 96,221 85,108
Investments 4 8 0
96,229 85,108
Current assets
Debtors 5 742,356 449,980
Cash at bank and in hand 225,023 151,767
967,379 601,747
Creditors: amounts falling due within one year 6 ( 496,622) ( 334,354)
Net current assets 470,757 267,393
Total assets less current liabilities 566,986 352,501
Net assets 566,986 352,501
Capital and reserves
Called-up share capital 0 0
Profit and loss account 566,986 352,501
Total shareholder's funds 566,986 352,501

For the financial year ending 29 February 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 Class Manager Limited (registered number: 11687095) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Mr K Raichura
Director
CLASS MANAGER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
CLASS MANAGER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 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

Class Manager 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 Tech Hall Main Road, Exminster, Exeter, EX6 8AP, 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services are recognised as they are delivered.

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.

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:

Computer software 10 years straight line
Trademarks, patents and licences 10 years straight line
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.

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

Computer software Trademarks, patents
and licences
Total
£ £ £
Cost
At 01 March 2023 126,555 5,294 131,849
Additions 27,000 0 27,000
At 29 February 2024 153,555 5,294 158,849
Accumulated amortisation
At 01 March 2023 44,774 1,967 46,741
Charge for the financial year 15,357 530 15,887
At 29 February 2024 60,131 2,497 62,628
Net book value
At 29 February 2024 93,424 2,797 96,221
At 28 February 2023 81,781 3,327 85,108

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 March 2023 0
Additions 8
At 29 February 2024 8
Carrying value at 29 February 2024 8
Carrying value at 28 February 2023 0

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 725,766 437,178
Other debtors 16,590 12,802
742,356 449,980

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 200,008 200,000
Taxation and social security 208,403 131,004
Other creditors 88,211 3,350
496,622 334,354

7. Ultimate controlling party

Parent Company:

Raviga Holdings Limited , incorporated in England & Wales.

Raviga Holdings Limited is a company registered in England & Wales. Details of which can be found on public record with the registrar of companies.