Silverfin false false 30/04/2024 01/05/2023 30/04/2024 C D Lawford 12/04/1999 28 January 2025 The principal activity of the Company during the financial year was that of a holding company. 03749595 2024-04-30 03749595 bus:Director1 2024-04-30 03749595 2023-04-30 03749595 core:CurrentFinancialInstruments 2024-04-30 03749595 core:CurrentFinancialInstruments 2023-04-30 03749595 core:ShareCapital 2024-04-30 03749595 core:ShareCapital 2023-04-30 03749595 core:RetainedEarningsAccumulatedLosses 2024-04-30 03749595 core:RetainedEarningsAccumulatedLosses 2023-04-30 03749595 core:CostValuation 2023-04-30 03749595 core:CostValuation 2024-04-30 03749595 2023-05-01 2024-04-30 03749595 bus:FilletedAccounts 2023-05-01 2024-04-30 03749595 bus:SmallEntities 2023-05-01 2024-04-30 03749595 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03749595 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03749595 bus:Director1 2023-05-01 2024-04-30 03749595 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 03749595 (England and Wales)

DIAMOND SELECTION GROUP HOLDINGS LIMITED

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

DIAMOND SELECTION GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

DIAMOND SELECTION GROUP HOLDINGS LIMITED

BALANCE SHEET

As at 30 April 2024
DIAMOND SELECTION GROUP HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 301 301
301 301
Current assets
Debtors 4 103,835 28,037
103,835 28,037
Creditors: amounts falling due within one year 5 ( 46,720) ( 201)
Net current assets 57,115 27,836
Total assets less current liabilities 57,416 28,137
Net assets 57,416 28,137
Capital and reserves
Called-up share capital 100 100
Profit and loss account 57,316 28,037
Total shareholder's funds 57,416 28,137

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 Diamond Selection Group Holdings Limited (registered number: 03749595) were approved and authorised for issue by the Director on 28 January 2025. They were signed on its behalf by:

C D Lawford
Director
DIAMOND SELECTION GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
DIAMOND SELECTION GROUP HOLDINGS 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

Diamond Selection Group 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 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 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.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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.

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.

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. 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.

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.

Ordinary share capital

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

Employee share scheme

Employees have share options granted for the group but the charge is shown with the subsidiary where the employees are employed. Please see DiamondAir International Limited's accounts.

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 301
At 30 April 2024 301
Carrying value at 30 April 2024 301
Carrying value at 30 April 2023 301

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 103,835 28,037

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 36,759 0
Taxation and social security 9,760 0
Other creditors 201 201
46,720 201