Silverfin false false 31/05/2024 01/06/2023 31/05/2024 J Antliff 15/04/2020 M Antliff 30/03/2015 C Barnett 04/05/2020 20 December 2024 The principal activity of the company is that of an investment holding company. SC501913 2024-05-31 SC501913 bus:Director1 2024-05-31 SC501913 bus:Director2 2024-05-31 SC501913 bus:Director3 2024-05-31 SC501913 2023-05-31 SC501913 core:CurrentFinancialInstruments 2024-05-31 SC501913 core:CurrentFinancialInstruments 2023-05-31 SC501913 core:ShareCapital 2024-05-31 SC501913 core:ShareCapital 2023-05-31 SC501913 core:CapitalRedemptionReserve 2024-05-31 SC501913 core:CapitalRedemptionReserve 2023-05-31 SC501913 core:OtherCapitalReserve 2024-05-31 SC501913 core:OtherCapitalReserve 2023-05-31 SC501913 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC501913 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC501913 core:CostValuation 2023-05-31 SC501913 core:FurtherSpecificIncreaseDecreaseInInvestments2ComponentTotalChangeInInvestments 2024-05-31 SC501913 core:CostValuation 2024-05-31 SC501913 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-05-31 SC501913 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-05-31 SC501913 core:ListedExchangeTraded core:WithinOneYear 2024-05-31 SC501913 core:ListedExchangeTraded core:WithinOneYear 2023-05-31 SC501913 2022-05-31 SC501913 bus:OrdinaryShareClass1 2024-05-31 SC501913 bus:OrdinaryShareClass2 2024-05-31 SC501913 2023-06-01 2024-05-31 SC501913 bus:FilletedAccounts 2023-06-01 2024-05-31 SC501913 bus:SmallEntities 2023-06-01 2024-05-31 SC501913 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC501913 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC501913 bus:Director1 2023-06-01 2024-05-31 SC501913 bus:Director2 2023-06-01 2024-05-31 SC501913 bus:Director3 2023-06-01 2024-05-31 SC501913 2022-06-01 2023-05-31 SC501913 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC501913 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC501913 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 SC501913 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 SC501913 1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC501913 (Scotland)

EAGLE 25 LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

EAGLE 25 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

EAGLE 25 LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
EAGLE 25 LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,000 20,020
3,000 20,020
Current assets
Debtors 4 3,140,833 3,015,802
Investments 5 1,871,060 1,908,719
Cash at bank and in hand 37,738 622,607
5,049,631 5,547,128
Creditors: amounts falling due within one year 6 ( 15,903) ( 818,898)
Net current assets 5,033,728 4,728,230
Total assets less current liabilities 5,036,728 4,748,250
Provision for liabilities 7 ( 139,970) ( 79,896)
Net assets 4,896,758 4,668,354
Capital and reserves
Called-up share capital 8 789 789
Capital redemption reserve 108 108
Other reserves 459,969 459,969
Profit and loss account 4,435,892 4,207,488
Total shareholder's funds 4,896,758 4,668,354

For the financial year ending 31 May 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 Eagle 25 Limited (registered number: SC501913) were approved and authorised for issue by the Board of Directors on 20 December 2024. They were signed on its behalf by:

M Antliff
Director
EAGLE 25 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
EAGLE 25 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 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

Eagle 25 Limited (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 19 Law Place Nerston Industrial Estate, East Kilbride, Glasgow, G74 4QL, 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.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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 and loans from fellow group companies, 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 June 2023 20,020 20,020
Amounts written off investments ( 17,020) ( 17,020)
At 31 May 2024 3,000 3,000
Carrying value at 31 May 2024 3,000 3,000
Carrying value at 31 May 2023 20,020 20,020

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 0 858
Amounts owed by related parties 2,821,817 1,777,564
Other debtors 319,016 1,237,380
3,140,833 3,015,802

5. Current asset investments

2024 2023
£ £
Listed investments – at fair value 1,871,060 1,908,719

The fair value of listed investments, which are all traded in active markets, was determined with reference to the quoted market price at the reporting date.

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 0 507,701
Taxation and social security 13,135 310,030
Other creditors 2,768 1,167
15,903 818,898

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 79,896) ( 95,744)
(Charged)/credited to the Profit and Loss Account ( 60,074) 15,848
At the end of financial year ( 139,970) ( 79,896)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
75,800 Ordinary A shares of £ 0.01 each 758 758
3,100 Ordinary B shares of £ 0.01 each 31 31
789 789

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed by key management personnel 2,036 921,839

Amounts included above are unsecured, interest free, and repayable on demand.

Other related party transactions

2024 2023
£ £
Amounts owed to related parties 0 507,701
Amounts owed by related parties 2,821,817 1,778,422

10. Ultimate controlling party

The immediate and ultimate parent company is Mull 25 Limited (SC764033), a company registered in Scotland at 19 Law Place, East Kilbride, Glasgow, G74 4QL.