Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr J S Cullis 14/10/2009 Mr L D Mcgivern 14/10/2009 24 December 2024 The principal activity of the Company during the financial year was that of provision of consultancy services to producers of US special risks and student health and accident insurance businesses. Additionally a relationship exists with a Lloyds insurance broker, for related reinsurance placements in the Lloyds market. 07041017 2024-03-31 07041017 bus:Director1 2024-03-31 07041017 bus:Director2 2024-03-31 07041017 core:CurrentFinancialInstruments 2024-03-31 07041017 core:CurrentFinancialInstruments 2023-03-31 07041017 2023-03-31 07041017 core:Non-currentFinancialInstruments 2024-03-31 07041017 core:Non-currentFinancialInstruments 2023-03-31 07041017 core:ShareCapital 2024-03-31 07041017 core:ShareCapital 2023-03-31 07041017 core:RetainedEarningsAccumulatedLosses 2024-03-31 07041017 core:RetainedEarningsAccumulatedLosses 2023-03-31 07041017 2023-04-01 2024-03-31 07041017 bus:FilletedAccounts 2023-04-01 2024-03-31 07041017 bus:SmallEntities 2023-04-01 2024-03-31 07041017 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07041017 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07041017 bus:Director1 2023-04-01 2024-03-31 07041017 bus:Director2 2023-04-01 2024-03-31 07041017 2022-04-01 2023-03-31 07041017 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 07041017 (England and Wales)

CMSR LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

CMSR LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

CMSR LIMITED

BALANCE SHEET

As at 31 March 2024
CMSR LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Debtors 3 596,770 635,530
Cash at bank and in hand 14,859 24,879
611,629 660,409
Creditors: amounts falling due within one year 4 ( 470,025) ( 476,543)
Net current assets 141,604 183,866
Total assets less current liabilities 141,604 183,866
Creditors: amounts falling due after more than one year 5 ( 4,375) ( 21,875)
Net assets 137,229 161,991
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 136,229 160,991
Total shareholders' funds 137,229 161,991

For the financial year ending 31 March 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 CMSR Limited (registered number: 07041017) were approved and authorised for issue by the Board of Directors on 24 December 2024. They were signed on its behalf by:

Mr J S Cullis
Director
CMSR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
CMSR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

CMSR 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 Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Ashe Warren Cottage, Ashe Warren, Basingstoke, Hampshire, RG25 3AP, 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 £.

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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

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.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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 that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2024 2023
£ £
Other debtors 596,770 635,530

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 17,500 17,500
Trade creditors 0 319
Other taxation and social security 14,432 10,688
Other creditors 438,093 448,036
470,025 476,543

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,375 21,875

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

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Interest free loan, repayable on demand 500 500