Silverfin false false 30/09/2024 01/10/2023 30/09/2024 David James Courts 07/03/2013 John Derek Eveleigh 07/03/2013 Simon Mark Gammon 07/03/2013 Stuart Nicholas Wilson 07/03/2013 04 February 2025 The principal activity of the Company during the financial year was that of a holding company. 08434724 2024-09-30 08434724 bus:Director1 2024-09-30 08434724 bus:Director2 2024-09-30 08434724 bus:Director3 2024-09-30 08434724 bus:Director4 2024-09-30 08434724 2023-09-30 08434724 core:CurrentFinancialInstruments 2024-09-30 08434724 core:CurrentFinancialInstruments 2023-09-30 08434724 core:ShareCapital 2024-09-30 08434724 core:ShareCapital 2023-09-30 08434724 core:CapitalRedemptionReserve 2024-09-30 08434724 core:CapitalRedemptionReserve 2023-09-30 08434724 core:RetainedEarningsAccumulatedLosses 2024-09-30 08434724 core:RetainedEarningsAccumulatedLosses 2023-09-30 08434724 core:CostValuation 2023-09-30 08434724 core:CostValuation 2024-09-30 08434724 bus:OrdinaryShareClass1 2024-09-30 08434724 bus:OrdinaryShareClass2 2024-09-30 08434724 2023-10-01 2024-09-30 08434724 bus:FilletedAccounts 2023-10-01 2024-09-30 08434724 bus:SmallEntities 2023-10-01 2024-09-30 08434724 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08434724 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08434724 bus:Director1 2023-10-01 2024-09-30 08434724 bus:Director2 2023-10-01 2024-09-30 08434724 bus:Director3 2023-10-01 2024-09-30 08434724 bus:Director4 2023-10-01 2024-09-30 08434724 2022-10-01 2023-09-30 08434724 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 08434724 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 08434724 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 08434724 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08434724 (England and Wales)

EXVALE LIMITED

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

EXVALE LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

EXVALE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
EXVALE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 999,900 999,900
999,900 999,900
Current assets
Cash at bank and in hand 40,840 110,707
40,840 110,707
Creditors: amounts falling due within one year 4 ( 780,648) ( 921,970)
Net current liabilities (739,808) (811,263)
Total assets less current liabilities 260,092 188,637
Net assets 260,092 188,637
Capital and reserves
Called-up share capital 5 244 244
Capital redemption reserve 60 60
Profit and loss account 259,788 188,333
Total shareholders' funds 260,092 188,637

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Exvale Limited (registered number: 08434724) were approved and authorised for issue by the Board of Directors on 04 February 2025. They were signed on its behalf by:

Stuart Nicholas Wilson
Director
EXVALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
EXVALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Exvale 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 Vale House, Pynes Hill, Exeter, EX2 5AZ, 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 directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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

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.

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.

Ordinary share capital

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

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 directors 4 4

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 999,900
At 30 September 2024 999,900
Carrying value at 30 September 2024 999,900
Carrying value at 30 September 2023 999,900

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 760,455 914,572
Amounts owed to directors 6,258 7,398
Taxation and social security 13,935 0
780,648 921,970

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
240,000 Ordinary shares of £ 0.001 each 240 240
4 Deferred ordinary shares of £ 1.00 each 4 4
244 244

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amounts owed to group companies 760,455 914,572

The Company maintains an intercompany account with its subsidiary undertaking, Nexus Open Systems Limited. No interest is charged on the above amount and there are no set repayment terms.

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the directors 6,258 7,398

No interest is charged on the above loan amounts and there are no fixed repayment terms.

Dividends voted to directors during the year totalled £48,000 (2023: £40,000).