Silverfin false false 30/06/2024 01/07/2023 30/06/2024 V Gencel 02/06/2021 21 January 2025 The principal activity of the Company during the financial year was the provision of information technology consultancy services. 13435137 2024-06-30 13435137 bus:Director1 2024-06-30 13435137 core:CurrentFinancialInstruments 2024-06-30 13435137 core:CurrentFinancialInstruments 2023-06-30 13435137 2023-06-30 13435137 core:ShareCapital 2024-06-30 13435137 core:ShareCapital 2023-06-30 13435137 core:RetainedEarningsAccumulatedLosses 2024-06-30 13435137 core:RetainedEarningsAccumulatedLosses 2023-06-30 13435137 bus:OrdinaryShareClass1 2024-06-30 13435137 2023-07-01 2024-06-30 13435137 bus:FilletedAccounts 2023-07-01 2024-06-30 13435137 bus:SmallEntities 2023-07-01 2024-06-30 13435137 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13435137 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13435137 bus:Director1 2023-07-01 2024-06-30 13435137 2022-07-01 2023-06-30 13435137 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 13435137 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13435137 (England and Wales)

SOLRISE RESEARCH LIMITED

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

SOLRISE RESEARCH LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SOLRISE RESEARCH LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
SOLRISE RESEARCH LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Current assets
Debtors 3 191,757 150,479
Cash at bank and in hand 4 25,374 6,816
217,131 157,295
Creditors: amounts falling due within one year 5 ( 105,652) ( 113,490)
Net current assets 111,479 43,805
Total assets less current liabilities 111,479 43,805
Net assets 111,479 43,805
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 111,478 43,804
Total shareholder's funds 111,479 43,805

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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Solrise Research Limited (registered number: 13435137) were approved and authorised for issue by the Director. They were signed on its behalf by:

V Gencel
Director

21 January 2025

SOLRISE RESEARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SOLRISE RESEARCH 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

Solrise Research 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 27 Old Gloucester Street, London, WC1N 3AX, 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 Statement of Financial Position 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.

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.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

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.

Ordinary share capital

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

2. Employees

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

3. Debtors

2024 2023
£ £
Trade debtors 0 150,479
Amounts owed by group undertakings 1,252 0
Other debtors 190,505 0
191,757 150,479

Amounts owed by group undertakings are interest free, unsecured and repayable upon demand.

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 25,374 6,816

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 66,452 35,209
Taxation and social security 21,738 7,782
Other creditors 17,462 70,499
105,652 113,490

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Ultimate controlling party

Parent Company:

Solrise Group Ltd
Silverside Management Ltd, 2nd Floor Whitehall House, 238 N Church Street, George Town, Grand Cayman, Cayman Islands, KY1-1206