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Company No: 12405636 (England and Wales)

DUNKIRK HOLDINGS LTD

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

DUNKIRK HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

DUNKIRK HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
DUNKIRK HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,135,473 810,535
2,135,473 810,535
Current assets
Debtors 4 214,540 401,969
Cash at bank and in hand 28,122 278,947
242,662 680,916
Creditors: amounts falling due within one year 5 ( 191,569) ( 74,799)
Net current assets 51,093 606,117
Total assets less current liabilities 2,186,566 1,416,652
Creditors: amounts falling due after more than one year 6 ( 312,609) 0
Net assets 1,873,957 1,416,652
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 1,873,955 1,416,650
Total shareholder's funds 1,873,957 1,416,652

For the financial year ending 30 April 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 Dunkirk Holdings Ltd (registered number: 12405636) were approved and authorised for issue by the Director. They were signed on its behalf by:

A Lobel
Director

27 January 2025

DUNKIRK HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
DUNKIRK HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Dunkirk Holdings Ltd (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 35 Ballards Lane, London, N3 1XW, 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

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

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention 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 at an annual general meeting.

2. Employees

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

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 1
At 30 April 2024 1
Carrying value at 30 April 2024 1
Carrying value at 30 April 2023 1

Other investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 810,534 810,534
Additions 1,324,938 1,324,938
At 30 April 2024 2,135,472 2,135,472
Carrying value at 30 April 2024 2,135,472 2,135,472
Carrying value at 30 April 2023 810,534 810,534

4. Debtors

2024 2023
£ £
Amounts owed by group undertakings 214,160 398,160
Other debtors 380 3,809
214,540 401,969

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 191,569 74,799

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

2024 2023
£ £
Other creditors 312,609 0

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

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Related party transactions

Included within creditors due within year is an amount owed to a company director of £74,399 (2023 - £72,399). The balances are unsecured and interest free, with no fixed repayment terms.

Included within debtors due within year is an amount owed from a subsidiary company of £214,160 (2023 - £398,160. The balances are unsecured and interest free, with no fixed repayment terms.

9. Ultimate controlling party

The ultimate controlling party is the director.