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Company No: 12693301 (England and Wales)

MAXIMISE CAPITAL LTD

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

MAXIMISE CAPITAL LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

MAXIMISE CAPITAL LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
MAXIMISE CAPITAL LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,480 3,413
Investments 4 45 45
8,525 3,458
Current assets
Debtors 5 26,656,033 13,474,345
Cash at bank and in hand 1,226,290 217,882
27,882,323 13,692,227
Creditors: amounts falling due within one year 6 ( 21,153,284) ( 4,925,311)
Net current assets 6,729,039 8,766,916
Total assets less current liabilities 6,737,564 8,770,374
Creditors: amounts falling due after more than one year 7 ( 2,132,854) ( 6,743,400)
Net assets 4,604,710 2,026,974
Capital and reserves
Called-up share capital 8 100 100
Other reserves 100,000 100,000
Profit and loss account 4,504,610 1,926,874
Total shareholders' funds 4,604,710 2,026,974

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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Maximise Capital Ltd (registered number: 12693301) were approved and authorised for issue by the Director. They were signed on its behalf by:

A Littner
Director

19 March 2025

MAXIMISE CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
MAXIMISE CAPITAL LTD

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

Maximise Capital 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 35 Ballards Lane, London, N3 1XW, 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 £.

Turnover

Turnover represents the interest receivable and the fees charged to borrowers. Interest is recognised when it is received, whilst fees are recognised on acceptance of the loan.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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 Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Statement of Financial Position date.

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

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.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention 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

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 15 9

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 4,491 4,491
Additions 6,751 6,751
At 30 June 2024 11,242 11,242
Accumulated depreciation
At 01 July 2023 1,078 1,078
Charge for the financial year 1,684 1,684
At 30 June 2024 2,762 2,762
Net book value
At 30 June 2024 8,480 8,480
At 30 June 2023 3,413 3,413

4. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 July 2023 45 45
At 30 June 2024 45 45
Carrying value at 30 June 2024 45 45
Carrying value at 30 June 2023 45 45

5. Debtors

2024 2023
£ £
Trade debtors 24,032,777 12,231,307
Prepayments 2,403,945 1,143,083
Other debtors 219,311 99,955
26,656,033 13,474,345

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other loans 19,406,277 4,294,421
Accruals 427,762 129,580
Taxation and social security 1,014,204 324,722
Other creditors 305,041 176,588
21,153,284 4,925,311

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

2024 2023
£ £
Other creditors 2,132,854 6,743,400

8. Called-up share capital

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

9. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 5,980 1,953

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Included within other debtors is a balance owed by an associate 178,955 99,955

This balance is unsecured and interest free, with no fixed repayment terms.

Transactions with the entity's director

2024 2023
£ £
Included within other creditors is a loan owed to the director 194,145 75,257

This balance is unsecured and interest free, with no fixed repayment terms.