Silverfin false false 30/09/2024 01/10/2023 30/09/2024 A D Periam 01/12/2016 R C Periam 07/09/2024 W R Periam 01/12/2016 16 January 2025 The principal activity of the Company during the financial year was a non-trading investment holding company. 00444960 2024-09-30 00444960 bus:Director1 2024-09-30 00444960 bus:Director2 2024-09-30 00444960 bus:Director3 2024-09-30 00444960 2023-09-30 00444960 core:CurrentFinancialInstruments 2024-09-30 00444960 core:CurrentFinancialInstruments 2023-09-30 00444960 core:ShareCapital 2024-09-30 00444960 core:ShareCapital 2023-09-30 00444960 core:OtherCapitalReserve 2024-09-30 00444960 core:OtherCapitalReserve 2023-09-30 00444960 core:RetainedEarningsAccumulatedLosses 2024-09-30 00444960 core:RetainedEarningsAccumulatedLosses 2023-09-30 00444960 core:CostValuation 2023-09-30 00444960 core:AdditionsToInvestments 2024-09-30 00444960 core:DisposalsRepaymentsInvestments 2024-09-30 00444960 core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 00444960 core:CostValuation 2024-09-30 00444960 bus:OrdinaryShareClass1 2024-09-30 00444960 bus:OrdinaryShareClass2 2024-09-30 00444960 bus:OrdinaryShareClass3 2024-09-30 00444960 bus:OrdinaryShareClass4 2024-09-30 00444960 bus:OrdinaryShareClass5 2024-09-30 00444960 bus:OtherShareClass1 2024-09-30 00444960 bus:OtherShareClass2 2024-09-30 00444960 2023-10-01 2024-09-30 00444960 bus:FilletedAccounts 2023-10-01 2024-09-30 00444960 bus:SmallEntities 2023-10-01 2024-09-30 00444960 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00444960 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00444960 bus:Director1 2023-10-01 2024-09-30 00444960 bus:Director2 2023-10-01 2024-09-30 00444960 bus:Director3 2023-10-01 2024-09-30 00444960 2022-10-01 2023-09-30 00444960 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 00444960 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 00444960 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 00444960 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 00444960 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 00444960 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 00444960 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 00444960 bus:OrdinaryShareClass4 2022-10-01 2023-09-30 00444960 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 00444960 bus:OrdinaryShareClass5 2022-10-01 2023-09-30 00444960 bus:OtherShareClass1 2023-10-01 2024-09-30 00444960 bus:OtherShareClass1 2022-10-01 2023-09-30 00444960 bus:OtherShareClass2 2023-10-01 2024-09-30 00444960 bus:OtherShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00444960 (England and Wales)

HERBERT W.PERIAM LIMITED

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

HERBERT W.PERIAM LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

HERBERT W.PERIAM LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
HERBERT W.PERIAM LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,593,810 2,249,848
2,593,810 2,249,848
Current assets
Debtors 4 0 3,788
Cash at bank and in hand 28,902 125,604
28,902 129,392
Creditors: amounts falling due within one year 5 ( 10,352) ( 4,700)
Net current assets 18,550 124,692
Total assets less current liabilities 2,612,360 2,374,540
Provision for liabilities ( 129,698) 0
Net assets 2,482,662 2,374,540
Capital and reserves
Called-up share capital 6 40,000 40,000
Other reserves 4,690 4,690
Profit and loss account 2,437,972 2,329,850
Total shareholders' funds 2,482,662 2,374,540

For the financial year ending 30 September 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 Herbert W.Periam Limited (registered number: 00444960) were approved and authorised for issue by the Board of Directors on 16 January 2025. They were signed on its behalf by:

W R Periam
Director
HERBERT W.PERIAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
HERBERT W.PERIAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Herbert W.Periam 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 The Porch, 8 Church Road Wilmcote, Stratford Upon Avon, CV37 9XD, 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 Statement of Financial Position 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.

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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Statement of Financial Position 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.

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

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.

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 Statement of Financial Position 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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 at an annual general meeting.

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

Listed investments Total
£ £
Cost or valuation before impairment
At 01 October 2023 2,249,848 2,249,848
Additions 511,843 511,843
Disposals ( 432,567) ( 432,567)
Movement in fair value 264,686 264,686
At 30 September 2024 2,593,810 2,593,810
Carrying value at 30 September 2024 2,593,810 2,593,810
Carrying value at 30 September 2023 2,249,848 2,249,848

4. Debtors

2024 2023
£ £
Corporation tax 0 620
Other debtors 0 3,168
0 3,788

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 175 0
Accruals 4,700 4,700
Other creditors 5,477 0
10,352 4,700

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10,000 Ordinary A shares of £ 1.00 each 10,000 10,000
1,000 Ordinary B shares of £ 1.00 each 1,000 1,000
8,000 Ordinary C shares of £ 1.00 each 8,000 8,000
500 Ordinary D shares of £ 1.00 each 500 500
500 Ordinary E shares of £ 1.00 each 500 500
7,030 Ordinary F shares of £ 1.00 each 7,030 7,030
12,970 Ordinary G shares of £ 1.00 each 12,970 12,970
40,000 40,000

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 175 0

Advances were made to the directors during the year totalling £425, repayments were made totalling £600

Dividends were declared during the year of £79,275 (2023: £51,530).