Silverfin false false 31/12/2024 01/01/2024 31/12/2024 N Curran 15/12/2016 M N Loftus 02/09/2016 F A Loftus (known as Arabella Ellis) 02/09/2016 10 February 2025 The principal activity of the company continued to be that of providing organisational consulting, people data analytics, and workshops alongside its digital product. 10357459 2024-12-31 10357459 bus:Director1 2024-12-31 10357459 bus:Director2 2024-12-31 10357459 bus:Director3 2024-12-31 10357459 2023-12-31 10357459 core:CurrentFinancialInstruments 2024-12-31 10357459 core:CurrentFinancialInstruments 2023-12-31 10357459 core:Non-currentFinancialInstruments 2024-12-31 10357459 core:Non-currentFinancialInstruments 2023-12-31 10357459 core:ShareCapital 2024-12-31 10357459 core:ShareCapital 2023-12-31 10357459 core:SharePremium 2024-12-31 10357459 core:SharePremium 2023-12-31 10357459 core:RetainedEarningsAccumulatedLosses 2024-12-31 10357459 core:RetainedEarningsAccumulatedLosses 2023-12-31 10357459 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 10357459 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 10357459 core:OtherPropertyPlantEquipment 2023-12-31 10357459 core:OtherPropertyPlantEquipment 2024-12-31 10357459 bus:OrdinaryShareClass1 2024-12-31 10357459 bus:OrdinaryShareClass2 2024-12-31 10357459 2024-01-01 2024-12-31 10357459 bus:FilletedAccounts 2024-01-01 2024-12-31 10357459 bus:SmallEntities 2024-01-01 2024-12-31 10357459 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10357459 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10357459 bus:Director1 2024-01-01 2024-12-31 10357459 bus:Director2 2024-01-01 2024-12-31 10357459 bus:Director3 2024-01-01 2024-12-31 10357459 core:PatentsTrademarksLicencesConcessionsSimilar core:BottomRangeValue 2024-01-01 2024-12-31 10357459 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2024-01-01 2024-12-31 10357459 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-01-01 2024-12-31 10357459 2023-01-01 2023-12-31 10357459 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 10357459 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 10357459 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10357459 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10357459 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 10357459 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10357459 (England and Wales)

THE DEVELOPING LEADERS PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

THE DEVELOPING LEADERS PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

THE DEVELOPING LEADERS PARTNERSHIP LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
THE DEVELOPING LEADERS PARTNERSHIP LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTORS N Curran
M N Loftus
F A Loftus (known as Arabella Ellis)
SECRETARY L McFall
REGISTERED OFFICE Floor 2
201 Great Portland Street
London
England
W1W 5AB
United Kingdom
COMPANY NUMBER 10357459 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
THE DEVELOPING LEADERS PARTNERSHIP LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
THE DEVELOPING LEADERS PARTNERSHIP LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,628 92
Tangible assets 4 1,599 4,398
3,227 4,490
Current assets
Debtors 5 36,874 87,382
Cash at bank and in hand 42,710 49,884
79,584 137,266
Creditors: amounts falling due within one year 6 ( 77,771) ( 54,750)
Net current assets 1,813 82,516
Total assets less current liabilities 5,040 87,006
Creditors: amounts falling due after more than one year 7 ( 4,039) ( 14,025)
Net assets 1,001 72,981
Capital and reserves
Called-up share capital 8 1,397 1,393
Share premium account 1,569,557 1,569,420
Profit and loss account ( 1,569,953 ) ( 1,497,832 )
Total shareholders' funds 1,001 72,981

For the financial year ending 31 December 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 The Developing Leaders Partnership Limited (registered number: 10357459) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

M N Loftus
Director
THE DEVELOPING LEADERS PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
THE DEVELOPING LEADERS PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

The Developing Leaders Partnership 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 Floor 2, 201 Great Portland Street, London, England, W1W 5AB, United Kingdom.

The financial statements have been prepared under the historical cost convention 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

In common with growing start up businesses we maintain tight controls around our cost base and have reduced these costs to such a level that we expect revenue to cover costs. Our investors continue to be supportive of our plans for future development. Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration 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. Where income for coaching is received in advance it is deferred until the coaching has taken place.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
The tax credit represents the sum of the tax currently repayable.

The tax currently repayable is based on the adjusted loss for the year. The tax adjusted loss differs from the net loss as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 5 - 10 years straight line
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 straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.

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.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 12

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 January 2024 100 100
Additions 1,627 1,627
At 31 December 2024 1,727 1,727
Accumulated amortisation
At 01 January 2024 8 8
Charge for the financial year 91 91
At 31 December 2024 99 99
Net book value
At 31 December 2024 1,628 1,628
At 31 December 2023 92 92

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 11,985 11,985
Disposals ( 900) ( 900)
At 31 December 2024 11,085 11,085
Accumulated depreciation
At 01 January 2024 7,587 7,587
Charge for the financial year 2,687 2,687
Disposals ( 788) ( 788)
At 31 December 2024 9,486 9,486
Net book value
At 31 December 2024 1,599 1,599
At 31 December 2023 4,398 4,398

5. Debtors

2024 2023
£ £
Trade debtors 25,624 60,782
Prepayments 250 1,600
Corporation tax 11,000 25,000
36,874 87,382

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,128 10,142
Trade creditors 9,294 14,302
Accruals 43,968 3,650
Other taxation and social security 14,381 25,648
Other creditors 0 1,008
77,771 54,750

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

2024 2023
£ £
Bank loans 4,039 14,025

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
278,101 Ordinary A shares of £ 0.005 each 1,391 1,391
1,333 Ordinary B shares of £ 0.005 each (2023: 333 shares of £ 0.005 each) 6 2
1,397 1,393

9. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 0 2,561