Silverfin false false 31/12/2024 01/04/2024 31/12/2024 J D Dickinson 11/01/2024 P A Dickinson 12/06/2019 10 February 2025 The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 December 2024. 11206696 2024-12-31 11206696 bus:Director1 2024-12-31 11206696 bus:Director2 2024-12-31 11206696 2024-03-31 11206696 core:CurrentFinancialInstruments 2024-12-31 11206696 core:CurrentFinancialInstruments 2024-03-31 11206696 core:ShareCapital 2024-12-31 11206696 core:ShareCapital 2024-03-31 11206696 core:RetainedEarningsAccumulatedLosses 2024-12-31 11206696 core:RetainedEarningsAccumulatedLosses 2024-03-31 11206696 core:CostValuation 2024-03-31 11206696 core:CostValuation 2024-12-31 11206696 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 11206696 core:ImmediateParent core:CurrentFinancialInstruments 2024-03-31 11206696 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-12-31 11206696 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-03-31 11206696 bus:OrdinaryShareClass1 2024-12-31 11206696 bus:OrdinaryShareClass2 2024-12-31 11206696 bus:PreferenceShareClass1 2024-12-31 11206696 2024-04-01 2024-12-31 11206696 bus:FilletedAccounts 2024-04-01 2024-12-31 11206696 bus:SmallEntities 2024-04-01 2024-12-31 11206696 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-12-31 11206696 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-12-31 11206696 bus:Director1 2024-04-01 2024-12-31 11206696 bus:Director2 2024-04-01 2024-12-31 11206696 2023-04-01 2024-03-31 11206696 bus:OrdinaryShareClass1 2024-04-01 2024-12-31 11206696 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11206696 bus:OrdinaryShareClass2 2024-04-01 2024-12-31 11206696 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11206696 bus:PreferenceShareClass1 2024-04-01 2024-12-31 11206696 bus:PreferenceShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11206696 (England and Wales)

BONUM LTD

Unaudited Financial Statements
For the financial period from 01 April 2024 to 31 December 2024
Pages for filing with the registrar

BONUM LTD

Unaudited Financial Statements

For the financial period from 01 April 2024 to 31 December 2024

Contents

BONUM LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
BONUM LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024 31.03.2024
£ £
Fixed assets
Investments 3 0 5,000,000
0 5,000,000
Current assets
Debtors 4 0 4,104,705
Cash at bank and in hand 200 1,801
200 4,106,506
Creditors: amounts falling due within one year 5 0 ( 3,967,544)
Net current assets 200 138,962
Total assets less current liabilities 200 5,138,962
Net assets 200 5,138,962
Capital and reserves
Called-up share capital 6 200 2,001,000
Profit and loss account 0 3,137,962
Total shareholder's funds 200 5,138,962

For the financial period 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 Bonum Ltd (registered number: 11206696) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

P A Dickinson
Director
BONUM LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 31 December 2024
BONUM LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bonum Ltd (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 Unit 2 Barton Manor, Bristol, BS2 0RL, 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 financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date.

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.

Reporting period length

These accounts have been prepared for the short period of account from 1 April 2024 through to 12 December 2024. The comparative amounts are for the 12 month period to 31 March 2024 and therefore may not be entirely comparable.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

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.

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

Period from
01.04.2024 to
31.12.2024
Year ended
31.03.2024
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

31.12.2024
£
Cost
At 01 April 2024 5,000,000
Disposal of investment (5,000,000)
At 31 December 2024 0
Carrying value at 31 December 2024 0
Carrying value at 31 March 2024 5,000,000

4. Debtors

31.12.2024 31.03.2024
£ £
Amounts owed by Parent undertakings 0 4,104,005
Amounts owed by directors 0 700
0 4,104,705

5. Creditors: amounts falling due within one year

31.12.2024 31.03.2024
£ £
Amounts owed to own subsidiaries 0 3,944,906
Amounts owed to directors 0 19,999
Accruals 0 2,639
0 3,967,544

6. Called-up share capital

31.12.2024 31.03.2024
£ £
Allotted, called-up and fully-paid
700 A ordinary shares of £ 0.0001 each (31.03.2024: 700 shares of £ 1.00 each) 0.07 700.00
300 B ordinary shares of £ 0.0001 each (31.03.2024: 300 shares of £ 1.00 each) 0.03 300.00
0.10 1,000.00
2,000,000 Preferred preference shares of £ 0.0001 each (31.03.2024: 2,000,000 shares of £ 1.00 each) 200.00 2,000,000.00
200.10 2,001,000.00

During the period, the nominal amount of the 700 A ordinary shares, 300 B ordinary shares and 2,000,000 preferred shares was reduced from £1 to £0.0001.

7. Related party transactions

Transactions with the entity's directors

31.12.2024 31.03.2024
£ £
Dividends received by a director during the year. 0 50,000

The company has taken advantage of the exemption available under FRS 102 section 1A.C.35 to not disclose transactions within a wholly owned group.