Silverfin false false 30/04/2024 01/05/2023 30/04/2024 C D Lawford 12/04/1999 28 January 2025 The company’s principle actifity during the year continued to be that of Airport Services 03749593 2024-04-30 03749593 bus:Director1 2024-04-30 03749593 core:CurrentFinancialInstruments 2024-04-30 03749593 core:CurrentFinancialInstruments 2023-04-30 03749593 2023-04-30 03749593 core:ShareCapital 2024-04-30 03749593 core:ShareCapital 2023-04-30 03749593 core:RetainedEarningsAccumulatedLosses 2024-04-30 03749593 core:RetainedEarningsAccumulatedLosses 2023-04-30 03749593 2023-05-01 2024-04-30 03749593 bus:FilletedAccounts 2023-05-01 2024-04-30 03749593 bus:SmallEntities 2023-05-01 2024-04-30 03749593 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03749593 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03749593 bus:Director1 2023-05-01 2024-04-30 03749593 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 03749593 (England and Wales)

SKY DIAMOND LIMITED

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

SKY DIAMOND LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

SKY DIAMOND LIMITED

BALANCE SHEET

As at 30 April 2024
SKY DIAMOND LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
2024 2023
£ £
Current assets
Debtors 3 43,261 83,286
Cash at bank and in hand 80,076 20,348
123,337 103,634
Creditors: amounts falling due within one year 4 ( 88,047) ( 83,451)
Net current assets 35,290 20,183
Total assets less current liabilities 35,290 20,183
Net assets 35,290 20,183
Capital and reserves
Called-up share capital 100 100
Profit and loss account 35,190 20,083
Total shareholder's funds 35,290 20,183

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:

The financial statements of Sky Diamond Limited (registered number: 03749593) were approved and authorised for issue by the Director on 28 January 2025. They were signed on its behalf by:

C D Lawford
Director
SKY DIAMOND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
SKY DIAMOND 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 year, unless otherwise stated.

General information and basis of accounting

Sky Diamond 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 3 World Business Centre Newall Road, London Heathrow Airport, Hounslow, TW6 2TA, 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 £.

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 Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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 43,261 83,286

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 615 240
Amounts owed to Group undertakings 80,133 74,701
Taxation and social security 6,322 6,038
Other creditors 977 2,472
88,047 83,451

5. Related party transactions

The company is a wholly owned subsidiary of Diamond Selection Group Holdings Limited, and as such has taken advantage of the exemption permitted by section 33 of 'FRS102 'Related Party Disclosures', not to provide disclosure of transactions entered into with other wholly owned members of the group.

6. Ultimate controlling party

Parent Company:

Diamond Selection Group Holdings Limited
3 World Business Centre, Newall Road, London Heathrow Airport, Hounslow, TW6 2TA