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Company No: 07271657 (England and Wales)

WOODBERRY ASSOCIATES LIMITED

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

WOODBERRY ASSOCIATES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

WOODBERRY ASSOCIATES LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
WOODBERRY ASSOCIATES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS D Roiter
W Roiter
SECRETARY Athenaeum Secretaries Limited
REGISTERED OFFICE 45 Gresham Street
London
EC2V 7BG
United Kingdom
COMPANY NUMBER 07271657 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
Portwall Place
Portwall Lane
Bristol
BS1 6NA
WOODBERRY ASSOCIATES LIMITED

BALANCE SHEET

As at 30 June 2024
WOODBERRY ASSOCIATES LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 5,094 1,701
Investments 4 4,783,963 3,274,764
4,789,057 3,276,465
Current assets
Debtors 5 327,099 460,010
Investments 6 0 301,202
Cash at bank and in hand 1,117,510 627,821
1,444,609 1,389,033
Creditors: amounts falling due within one year 7 ( 142,041) ( 1,281,156)
Net current assets 1,302,568 107,877
Total assets less current liabilities 6,091,625 3,384,342
Provision for liabilities ( 504) ( 425)
Net assets 6,091,121 3,383,917
Capital and reserves
Called-up share capital 200 200
Capital contribution reserve 2,067,998 0
Profit and loss account 4,022,923 3,383,717
Total shareholders' funds 6,091,121 3,383,917

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.

Directors' responsibilities:

The financial statements of Woodberry Associates Limited (registered number: 07271657) were approved and authorised for issue by the Board of Directors on 08 January 2025. They were signed on its behalf by:

W Roiter
Director
WOODBERRY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
WOODBERRY ASSOCIATES 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

Woodberry Associates 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 45 Gresham Street, London, EC2V 7BG.

The financial statements have been prepared in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Woodberry Associates Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

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.

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.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Consultancy revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

**Rendering of services**

Revenue from a contract to provide consultancy services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following are satisfied:

* the amount of revenue can be measured reliably;
* it is probable that the company with receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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.

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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 5 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 July 2023 38,534 0 10,672 49,206
Additions 0 3,300 1,998 5,298
Disposals 0 0 ( 1,532) ( 1,532)
At 30 June 2024 38,534 3,300 11,138 52,972
Accumulated depreciation
At 01 July 2023 38,534 0 8,971 47,505
Charge for the financial year 0 220 1,630 1,850
Disposals 0 0 ( 1,477) ( 1,477)
At 30 June 2024 38,534 220 9,124 47,878
Net book value
At 30 June 2024 0 3,080 2,014 5,094
At 30 June 2023 0 0 1,701 1,701

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 2
At 30 June 2024 2
Carrying value at 30 June 2024 2
Carrying value at 30 June 2023 2

Listed investments Investments in associates Other investments Total
£ £ £ £
Cost or valuation before impairment
At 01 July 2023 2,541,150 20 733,592 3,274,762
Additions 2,424,258 0 52,272 2,476,530
Disposals ( 1,254,213) 0 0 ( 1,254,213)
Movement in fair value 286,882 0 0 286,882
At 30 June 2024 3,998,077 20 785,864 4,783,961
Carrying value at 30 June 2024 3,998,077 20 785,864 4,783,961
Carrying value at 30 June 2023 2,541,150 20 733,592 3,274,762

5. Debtors

2024 2023
£ £
Trade debtors 0 135,000
Prepayments 4,232 2,604
Other debtors 322,867 322,406
327,099 460,010

6. Current asset investments

2024 2023
£ £
Government bonds 0 301,202

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 687 0
Amounts owed to Group undertakings 0 1,138,786
Taxation and social security 119,586 108,119
Other creditors 21,768 34,251
142,041 1,281,156

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

8. Financial commitments

At the year end, the company has committed to invest a further $50,000 in unlisted investments

9. Related party transactions

At 30 June 2024, the director owed the company £NIL. The loan outstanding at 30 June 2023 of £2,406 was repaid in the year. This loan was provided interest free.

During the year, dividends of £85,000 (2023 - £80,000) were paid to directors of the company.