Silverfin false false 30/06/2024 01/07/2023 30/06/2024 A V R Pennock 28/11/2013 D R M Pennock 17/11/1992 J Pennock 17/11/1992 R F Pennock 28/11/2013 DRM Pennock 06 February 2025 The principal activity of the company during the financial year was that of a holding company as the company had no trading activity during the year. Its source of income is dividends receivable from the subsidiary company. 01276179 2024-06-30 01276179 bus:Director1 2024-06-30 01276179 bus:Director2 2024-06-30 01276179 bus:Director3 2024-06-30 01276179 bus:Director4 2024-06-30 01276179 2023-06-30 01276179 core:CurrentFinancialInstruments 2024-06-30 01276179 core:CurrentFinancialInstruments 2023-06-30 01276179 core:ShareCapital 2024-06-30 01276179 core:ShareCapital 2023-06-30 01276179 core:RetainedEarningsAccumulatedLosses 2024-06-30 01276179 core:RetainedEarningsAccumulatedLosses 2023-06-30 01276179 core:CostValuation 2023-06-30 01276179 core:CostValuation 2024-06-30 01276179 2023-07-01 2024-06-30 01276179 bus:FilletedAccounts 2023-07-01 2024-06-30 01276179 bus:SmallEntities 2023-07-01 2024-06-30 01276179 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01276179 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01276179 bus:Director1 2023-07-01 2024-06-30 01276179 bus:Director2 2023-07-01 2024-06-30 01276179 bus:Director3 2023-07-01 2024-06-30 01276179 bus:Director4 2023-07-01 2024-06-30 01276179 bus:Director5 2023-07-01 2024-06-30 01276179 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 01276179 (England and Wales)

ASTELL SCIENTIFIC (HOLDINGS) LIMITED

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

ASTELL SCIENTIFIC (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ASTELL SCIENTIFIC (HOLDINGS) LIMITED

BALANCE SHEET

As at 30 June 2024
ASTELL SCIENTIFIC (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 575,660 575,660
575,660 575,660
Creditors: amounts falling due within one year 4 ( 660) ( 660)
Net current liabilities (660) (660)
Total assets less current liabilities 575,000 575,000
Net assets 575,000 575,000
Capital and reserves
Called-up share capital 78,495 78,495
Profit and loss account 496,505 496,505
Total shareholders' funds 575,000 575,000

For the financial year ending 30 June 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 Astell Scientific (Holdings) Limited (registered number: 01276179) were approved and authorised for issue by the Board of Directors on 06 February 2025. They were signed on its behalf by:

DRM Pennock
Director
ASTELL SCIENTIFIC (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ASTELL SCIENTIFIC (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

Astell Scientific (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:
19-21 Powerscroft Road
Sidcup
Kent
DA14 5DT
United Kingdom.

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102 1A'), and with the Companies Act 2006.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its 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.

Fixed asset investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distributions to the company’s shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 July 2023 575,660
At 30 June 2024 575,660
Carrying value at 30 June 2024 575,660
Carrying value at 30 June 2023 575,660

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 660 660