Silverfin false false 31/05/2024 01/06/2023 31/05/2024 A Barr 28/04/2014 R A Barr 28/04/2014 G Grant 01/03/2020 R Mccann 04/05/2021 Z Ogilvie 18/04/2024 28/04/2014 V Woods 15/02/2021 26 February 2025 The principal activity of the company during the financial year was that of a holding company for its subsidiary entities. The principal activity of the wider group continued to be that of public relations, publishing, design, digital and campaign management. SC476307 2024-05-31 SC476307 bus:Director1 2024-05-31 SC476307 bus:Director2 2024-05-31 SC476307 bus:Director3 2024-05-31 SC476307 bus:Director4 2024-05-31 SC476307 bus:Director5 2024-05-31 SC476307 bus:Director6 2024-05-31 SC476307 2023-05-31 SC476307 core:CurrentFinancialInstruments 2024-05-31 SC476307 core:CurrentFinancialInstruments 2023-05-31 SC476307 core:ShareCapital 2024-05-31 SC476307 core:ShareCapital 2023-05-31 SC476307 core:CapitalRedemptionReserve 2024-05-31 SC476307 core:CapitalRedemptionReserve 2023-05-31 SC476307 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC476307 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC476307 core:CostValuation 2023-05-31 SC476307 core:CostValuation 2024-05-31 SC476307 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-05-31 SC476307 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-05-31 SC476307 bus:OrdinaryShareClass1 2024-05-31 SC476307 bus:OrdinaryShareClass2 2024-05-31 SC476307 2023-06-01 2024-05-31 SC476307 bus:FilletedAccounts 2023-06-01 2024-05-31 SC476307 bus:SmallEntities 2023-06-01 2024-05-31 SC476307 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC476307 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC476307 bus:Director1 2023-06-01 2024-05-31 SC476307 bus:Director2 2023-06-01 2024-05-31 SC476307 bus:Director3 2023-06-01 2024-05-31 SC476307 bus:Director4 2023-06-01 2024-05-31 SC476307 bus:Director5 2023-06-01 2024-05-31 SC476307 bus:Director6 2023-06-01 2024-05-31 SC476307 2022-06-01 2023-05-31 SC476307 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC476307 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC476307 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 SC476307 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC476307 (Scotland)

EXCHANGELAW (500) LIMITED

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

EXCHANGELAW (500) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

EXCHANGELAW (500) LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
EXCHANGELAW (500) LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 8,687,580 8,687,580
8,687,580 8,687,580
Current assets
Debtors 4 99 99
Cash at bank and in hand 435 435
534 534
Creditors: amounts falling due within one year 5 ( 692) ( 298,692)
Net current liabilities (158) (298,158)
Total assets less current liabilities 8,687,422 8,389,422
Net assets 8,687,422 8,389,422
Capital and reserves
Called-up share capital 6 90,000 140,000
Capital redemption reserve 110,000 60,000
Profit and loss account 8,487,422 8,189,422
Total shareholders' funds 8,687,422 8,389,422

For the financial year ending 31 May 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 Exchangelaw (500) Limited (registered number: SC476307) were approved and authorised for issue by the Board of Directors on 26 February 2025. They were signed on its behalf by:

V Woods
Director
EXCHANGELAW (500) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
EXCHANGELAW (500) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 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

Exchangelaw (500) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3rd Floor Fountain House, 1 - 3 Woodside Crescent, Glasgow, G3 7UL, 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 Balance Sheet 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

The company had no employees in the current or prior year. The directors' are remunerated through group company and that work for this company is deemed incidental to their role.

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 June 2023 8,687,580 8,687,580
At 31 May 2024 8,687,580 8,687,580
Carrying value at 31 May 2024 8,687,580 8,687,580
Carrying value at 31 May 2023 8,687,580 8,687,580

4. Debtors

2024 2023
£ £
Amounts owed by fellow subsidiaries 99 99

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to fellow subsidiaries 593 298,593
Other creditors 99 99
692 298,692

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
70,000 Ordinary A shares of £ 1.00 each (2023: 120,000 shares of £ 1.00 each) 70,000 120,000
20,000 Ordinary B shares of £ 1.00 each 20,000 20,000
90,000 140,000

On 18th April 2024, 50,000 £1 Ordinary A shares were redeemed and subsequently cancelled.

7. Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A, whereby it has not disclosed transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member. No guarantees have been given or received.