Silverfin false true 30/04/2024 01/05/2023 30/04/2024 K N Pelc-Steenkamp 27/04/2022 27 January 2025 The principal activity of the Company is that of a holding company. 14074253 2024-04-30 14074253 bus:Director1 2024-04-30 14074253 2023-04-30 14074253 core:ShareCapital 2024-04-30 14074253 core:ShareCapital 2023-04-30 14074253 core:CostValuation 2023-04-30 14074253 core:CostValuation 2024-04-30 14074253 bus:OrdinaryShareClass1 2024-04-30 14074253 2023-05-01 2024-04-30 14074253 bus:FilletedAccounts 2023-05-01 2024-04-30 14074253 bus:SmallEntities 2023-05-01 2024-04-30 14074253 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14074253 bus:EntityHasNeverTraded 2023-05-01 2024-04-30 14074253 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14074253 bus:Director1 2023-05-01 2024-04-30 14074253 2022-04-27 2023-04-30 14074253 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 14074253 bus:OrdinaryShareClass1 2022-04-27 2023-04-30 14074253 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14074253 (England and Wales)

BAWIGATECH LIMITED

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

BAWIGATECH LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

BAWIGATECH LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
BAWIGATECH LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 30.04.2024 30.04.2023
£ £
Fixed assets
Investments 3 5 5
5 5
Net current assets 0 0
Total assets less current liabilities 5 5
Net assets 5 5
Capital and reserves
Called-up share capital 4 5 5
Total shareholder's funds 5 5

Bawigatech Limited (registered number: 14074253) did not trade during the current or preceding financial period and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial period and therefore no Statement of Changes of Equity has been included. For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Bawigatech Limited (registered number: 14074253) were approved and authorised for issue by the Director. They were signed on its behalf by:

K N Pelc-Steenkamp
Director

27 January 2025

BAWIGATECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
BAWIGATECH LIMITED

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 period, unless otherwise stated.

General information and basis of accounting

Bawigatech 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 20-22 Wenlock Road, London, N1 7GU, 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 £.

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.

2. Employees

Year ended
30.04.2024
Period from
27.04.2022 to
30.04.2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 5 5
At 30 April 2024 5 5
Carrying value at 30 April 2024 5 5
Carrying value at 30 April 2023 5 5

4. Called-up share capital

30.04.2024 30.04.2023
£ £
Allotted, called-up and fully-paid
475,000 Ordinary shares of £ 0.00001 each 5 5

5. Events after the Balance Sheet date

On 31 May 2024, the company sold their investment in the associate company for a total consideration of €7,560,000.