Silverfin false false 31/10/2024 01/11/2023 31/10/2024 S Stoneham 10/02/2022 24 January 2025 The principal activity of the company during the financial year was other letting and operating of own or leased real estate. 13907873 2024-10-31 13907873 bus:Director1 2024-10-31 13907873 2023-10-31 13907873 core:CurrentFinancialInstruments 2024-10-31 13907873 core:CurrentFinancialInstruments 2023-10-31 13907873 core:Non-currentFinancialInstruments 2024-10-31 13907873 core:Non-currentFinancialInstruments 2023-10-31 13907873 core:ShareCapital 2024-10-31 13907873 core:ShareCapital 2023-10-31 13907873 core:RetainedEarningsAccumulatedLosses 2024-10-31 13907873 core:RetainedEarningsAccumulatedLosses 2023-10-31 13907873 core:CurrentFinancialInstruments core:Secured 2024-10-31 13907873 2023-11-01 2024-10-31 13907873 bus:FilletedAccounts 2023-11-01 2024-10-31 13907873 bus:SmallEntities 2023-11-01 2024-10-31 13907873 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13907873 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13907873 bus:Director1 2023-11-01 2024-10-31 13907873 2022-11-01 2023-10-31 13907873 core:CurrentFinancialInstruments 2023-11-01 2024-10-31 13907873 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 13907873 (England and Wales)

S32 HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

S32 HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

S32 HOLDINGS LIMITED

BALANCE SHEET

As at 31 October 2024
S32 HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 873,424 873,424
873,424 873,424
Current assets
Debtors 4 2,272 2,078
Cash at bank and in hand 5,514 8,724
7,786 10,802
Creditors: amounts falling due within one year 5 ( 344,539) ( 349,215)
Net current liabilities (336,753) (338,413)
Total assets less current liabilities 536,671 535,011
Creditors: amounts falling due after more than one year 6 ( 542,790) ( 542,790)
Net liabilities ( 6,119) ( 7,779)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 6,120 ) ( 7,780 )
Total shareholder's deficit ( 6,119) ( 7,779)

For the financial year ending 31 October 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 S32 Holdings Limited (registered number: 13907873) were approved and authorised for issue by the Director on 24 January 2025. They were signed on its behalf by:

S Stoneham
Director
S32 HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
S32 HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

S32 Holdings 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 128 City Road, London, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Balance Sheet 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

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.

2. Employees

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

3. Investment property

Investment property
£
Valuation
As at 01 November 2023 873,424
As at 31 October 2024 873,424

4. Debtors

2024 2023
£ £
Other debtors 2,272 2,078

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 303,579 308,308
Other loans (secured) 36,940 36,940
Accruals 1,943 1,890
Other creditors 2,077 2,077
344,539 349,215

Security has been provided over the assets financed.

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

2024 2023
£ £
Other loans (secured) 542,790 542,790

Security has been provided over the assets financed.

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Directors Loan Account 303,579 308,308

Amounts payable to Directors are provided interest free and are repayable on demand.