Silverfin false false 30/04/2024 01/05/2023 30/04/2024 M R Chittock 10/06/2021 04 December 2024 The principal activity of the Company during the financial period was that of a holding company. 13448959 2024-04-30 13448959 bus:Director1 2024-04-30 13448959 2023-04-30 13448959 core:CurrentFinancialInstruments 2024-04-30 13448959 core:CurrentFinancialInstruments 2023-04-30 13448959 core:ShareCapital 2024-04-30 13448959 core:ShareCapital 2023-04-30 13448959 core:RetainedEarningsAccumulatedLosses 2024-04-30 13448959 core:RetainedEarningsAccumulatedLosses 2023-04-30 13448959 core:CostValuation 2023-04-30 13448959 core:CostValuation 2024-04-30 13448959 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 13448959 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-30 13448959 bus:OrdinaryShareClass1 2024-04-30 13448959 bus:OrdinaryShareClass2 2024-04-30 13448959 2023-05-01 2024-04-30 13448959 bus:FilletedAccounts 2023-05-01 2024-04-30 13448959 bus:SmallEntities 2023-05-01 2024-04-30 13448959 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13448959 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13448959 bus:Director1 2023-05-01 2024-04-30 13448959 2022-05-01 2023-04-30 13448959 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13448959 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 13448959 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 13448959 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13448959 (England and Wales)

PLYFA HOLDINGS LTD

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

PLYFA HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

PLYFA HOLDINGS LTD

BALANCE SHEET

As at 30 April 2024
PLYFA HOLDINGS LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 261,938 261,938
261,938 261,938
Current assets
Debtors 4 280 280
280 280
Creditors: amounts falling due within one year 5 ( 21,000) ( 51,000)
Net current liabilities (20,720) (50,720)
Total assets less current liabilities 241,218 211,218
Net assets 241,218 211,218
Capital and reserves
Called-up share capital 6 280 280
Profit and loss account 240,938 210,938
Total shareholders' funds 241,218 211,218

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.

Director's responsibilities:

The financial statements of PLYFA Holdings Ltd (registered number: 13448959) were approved and authorised for issue by the Director on 04 December 2024. They were signed on its behalf by:

M R Chittock
Director
PLYFA HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
PLYFA HOLDINGS LTD

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

PLYFA Holdings 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 52a St John Street, Ashbourne, DE6 1GH, 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 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.

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).

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.

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 as described below.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.


Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Financial Instruments recognition and measurement

All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

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 Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

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

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 261,938
At 30 April 2024 261,938
Carrying value at 30 April 2024 261,938
Carrying value at 30 April 2023 261,938

4. Debtors

2024 2023
£ £
Other debtors 280 280

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 18,000 30,000
Other creditors 3,000 21,000
21,000 51,000

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
240 Ordinary shares of £ 1.00 each 240 240
40 A Ordinary shares of £ 1.00 each 40 40
280 280