Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Anna Zette Young 22/05/2019 28 November 2024 The principal activity of the Company during the financial year continued to be that of a holding company. SC631200 2024-06-30 SC631200 bus:Director1 2024-06-30 SC631200 2023-06-30 SC631200 core:CurrentFinancialInstruments 2024-06-30 SC631200 core:CurrentFinancialInstruments 2023-06-30 SC631200 core:ShareCapital 2024-06-30 SC631200 core:ShareCapital 2023-06-30 SC631200 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC631200 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC631200 core:CostValuation 2023-06-30 SC631200 core:CostValuation 2024-06-30 SC631200 bus:OrdinaryShareClass1 2024-06-30 SC631200 2023-07-01 2024-06-30 SC631200 bus:FilletedAccounts 2023-07-01 2024-06-30 SC631200 bus:SmallEntities 2023-07-01 2024-06-30 SC631200 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC631200 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC631200 bus:Director1 2023-07-01 2024-06-30 SC631200 2022-07-01 2023-06-30 SC631200 core:Subsidiary1 2023-07-01 2024-06-30 SC631200 core:Subsidiary1 1 2023-07-01 2024-06-30 SC631200 core:Subsidiary1 1 2022-07-01 2023-06-30 SC631200 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 SC631200 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC631200 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: SC631200 (Scotland)

TAIJO LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

TAIJO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

TAIJO LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
TAIJO LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Investments 4 604,835 604,835
604,835 604,835
Current assets
Debtors 5 20,000 20,000
20,000 20,000
Creditors: amounts falling due within one year 6 ( 19,900) ( 19,900)
Net current assets 100 100
Total assets less current liabilities 604,935 604,935
Net assets 604,935 604,935
Capital and reserves
Called-up share capital 7 200 200
Profit and loss account 604,735 604,735
Total shareholder's funds 604,935 604,935

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Taijo Limited (registered number: SC631200) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

Anna Zette Young
Director
TAIJO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
TAIJO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 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

Taijo Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

Prior year adjustment

The investment in the subsidiary has been reclassified as a fixed asset investment rather than a current asset investment as this better reflects the Company's intentions. This presentational change to the Balance Sheet is set out in note 2.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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 Profit and Loss Account.

Fixed asset investments

The investment in the subsidiary is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investment is assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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.

Basic financial liabilities
Basic financial liabilities, including creditors, 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Prior year adjustment

The investment in the subsidiary has been reclassified as a fixed asset investment rather than a current asset investment as this better reflects the Company's intentions.

As previously reported Adjustment As restated
Year ended 30 June 2023 £ £ £
Fixed asset investments 0 604,835 604,835
Current asset investments 604,835 (604,835) 0

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 604,835
At 30 June 2024 604,835
Carrying value at 30 June 2024 604,835
Carrying value at 30 June 2023 604,835

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.06.2024
Ownership
30.06.2023
Held
Coven-SA Limited UK Dealing in quoted securities and investments Ordinary 100.00% 100.00% Direct

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 20,000 20,000

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 19,900 19,900

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

7. Called-up share capital

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

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Anna Zette Young 19,900 19,900

In the current year the company is benefitting from an interest free loan from it's director amounting to £19,900 (2023: £19,900).

Other related party transactions

2024 2023
£ £
Amounts owed by Group undertakings 20,000 20,000