Silverfin false false 31/03/2024 01/04/2023 31/03/2024 V K M Hill 31/07/2015 W A Hill 18/02/2014 C Hill 16/11/2015 04 February 2025 The principle activity of the Company was the provision of management consultancy services. 08900428 2024-03-31 08900428 bus:Director1 2024-03-31 08900428 bus:Director2 2024-03-31 08900428 bus:Director3 2024-03-31 08900428 2023-03-31 08900428 core:CurrentFinancialInstruments 2024-03-31 08900428 core:CurrentFinancialInstruments 2023-03-31 08900428 core:Non-currentFinancialInstruments 2024-03-31 08900428 core:Non-currentFinancialInstruments 2023-03-31 08900428 core:ShareCapital 2024-03-31 08900428 core:ShareCapital 2023-03-31 08900428 core:RetainedEarningsAccumulatedLosses 2024-03-31 08900428 core:RetainedEarningsAccumulatedLosses 2023-03-31 08900428 core:OtherResidualIntangibleAssets 2023-03-31 08900428 core:OtherResidualIntangibleAssets 2024-03-31 08900428 core:Vehicles 2023-03-31 08900428 core:OfficeEquipment 2023-03-31 08900428 core:Vehicles 2024-03-31 08900428 core:OfficeEquipment 2024-03-31 08900428 core:CostValuation 2023-03-31 08900428 core:AdditionsToInvestments 2024-03-31 08900428 core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 08900428 core:CostValuation 2024-03-31 08900428 bus:OrdinaryShareClass1 2024-03-31 08900428 2023-04-01 2024-03-31 08900428 bus:FilletedAccounts 2023-04-01 2024-03-31 08900428 bus:SmallEntities 2023-04-01 2024-03-31 08900428 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08900428 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08900428 bus:Director1 2023-04-01 2024-03-31 08900428 bus:Director2 2023-04-01 2024-03-31 08900428 bus:Director3 2023-04-01 2024-03-31 08900428 core:Vehicles 2023-04-01 2024-03-31 08900428 core:OfficeEquipment 2023-04-01 2024-03-31 08900428 2022-04-01 2023-03-31 08900428 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 08900428 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 08900428 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 08900428 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08900428 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08900428 (England and Wales)

WILLIAM HILL CONSULTING LIMITED

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

WILLIAM HILL CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

WILLIAM HILL CONSULTING LIMITED

BALANCE SHEET

As at 31 March 2024
WILLIAM HILL CONSULTING LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 53,305 31,536
Tangible assets 4 103,502 56,159
Investments 5 119,979 108,834
276,786 196,529
Current assets
Debtors 6 45,228 62,099
Cash at bank and in hand 89,507 171,764
134,735 233,863
Creditors: amounts falling due within one year 7 ( 60,846) ( 61,313)
Net current assets 73,889 172,550
Total assets less current liabilities 350,675 369,079
Creditors: amounts falling due after more than one year 8 ( 28,091) ( 32,291)
Provision for liabilities ( 300) 0
Net assets 322,284 336,788
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 322,184 336,688
Total shareholders' funds 322,284 336,788

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of William Hill Consulting Limited (registered number: 08900428) were approved and authorised for issue by the Board of Directors on 04 February 2025. They were signed on its behalf by:

W A Hill
Director
WILLIAM HILL CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
WILLIAM HILL CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

William Hill Consulting 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principle place of business is Oaklawn, Burnhams Road, Bookham, Leatherhead, Surrey, KT23 3BB.

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 comprises the fair value of the consideration received or receivable for the provision of consultancy fees in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when the underlying contractual services have been provided.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets represent investment in crypto currency and are stated at fair value with changes in fair value passing through the profit and loss account. Fair values are based on director estimate of realisable value supported by valuations in the public domain where markets exist.

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life as follows:

Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Other financial assets

Other financial assets represents investments in publicly traded financial assets and are stated at fair value with changes in fair value passing through the profit and loss account.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2023 31,536 31,536
Revaluations 21,769 21,769
At 31 March 2024 53,305 53,305
Accumulated amortisation
At 01 April 2023 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 53,305 53,305
At 31 March 2023 31,536 31,536

4. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 April 2023 60,872 15,069 75,941
Additions 69,648 1,149 70,797
Disposals 0 ( 10,810) ( 10,810)
At 31 March 2024 130,520 5,408 135,928
Accumulated depreciation
At 01 April 2023 9,966 9,816 19,782
Charge for the financial year 19,982 1,481 21,463
Disposals 0 ( 8,819) ( 8,819)
At 31 March 2024 29,948 2,478 32,426
Net book value
At 31 March 2024 100,572 2,930 103,502
At 31 March 2023 50,906 5,253 56,159

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 108,834 108,834
Additions 1,456 1,456
Movement in fair value 9,689 9,689
At 31 March 2024 119,979 119,979
Carrying value at 31 March 2024 119,979 119,979
Carrying value at 31 March 2023 108,834 108,834

6. Debtors

2024 2023
£ £
Trade debtors 3,600 0
Other debtors 41,628 62,099
45,228 62,099

7. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 268 0
Accruals 54,828 55,558
Other taxation and social security 1,550 1,555
Obligations under finance leases and hire purchase contracts 4,200 4,200
60,846 61,313

Finance leases are secured by a charge over the assets to which they relate.

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

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 28,091 32,291

Finance leases are secured by a charge over the assets to which they relate.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

Reserves include fair value gains, net of deferred tax, of £39,230 (2023 - £15,635). These reserves are unrealised and non-distributable.

10. Related party transactions

Transactions with the entity's directors

Mr W A Hill operates a loan with the company. At the year end the balance due from the company was £267 (2023 - £21,107 due to the company). Interest has been charged at 2.25% on balances owed to the company.