Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mrs C M Simmonds 20/06/2018 Mr C M Simmonds 20/06/2018 Mrs V Simmonds 20/06/2018 23 March 2025 The principal activity of the Company during the financial year was the investment in Business Property Relief qualifying trading investments. 11424511 2024-06-30 11424511 bus:Director1 2024-06-30 11424511 bus:Director2 2024-06-30 11424511 bus:Director3 2024-06-30 11424511 2023-06-30 11424511 core:CurrentFinancialInstruments 2024-06-30 11424511 core:CurrentFinancialInstruments 2023-06-30 11424511 core:ShareCapital 2024-06-30 11424511 core:ShareCapital 2023-06-30 11424511 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 11424511 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 11424511 core:RetainedEarningsAccumulatedLosses 2024-06-30 11424511 core:RetainedEarningsAccumulatedLosses 2023-06-30 11424511 core:CostValuation 2023-06-30 11424511 core:CostValuation 2024-06-30 11424511 core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 11424511 core:CurrentFinancialInstruments 1 2024-06-30 11424511 core:CurrentFinancialInstruments 1 2023-06-30 11424511 bus:OrdinaryShareClass1 2024-06-30 11424511 bus:OrdinaryShareClass2 2024-06-30 11424511 bus:OrdinaryShareClass3 2024-06-30 11424511 bus:OrdinaryShareClass4 2024-06-30 11424511 bus:OrdinaryShareClass5 2024-06-30 11424511 2023-07-01 2024-06-30 11424511 bus:FilletedAccounts 2023-07-01 2024-06-30 11424511 bus:SmallEntities 2023-07-01 2024-06-30 11424511 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11424511 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11424511 bus:Director1 2023-07-01 2024-06-30 11424511 bus:Director2 2023-07-01 2024-06-30 11424511 bus:Director3 2023-07-01 2024-06-30 11424511 2022-07-01 2023-06-30 11424511 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11424511 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11424511 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 11424511 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 11424511 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 11424511 bus:OrdinaryShareClass3 2022-07-01 2023-06-30 11424511 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 11424511 bus:OrdinaryShareClass4 2022-07-01 2023-06-30 11424511 bus:OrdinaryShareClass5 2023-07-01 2024-06-30 11424511 bus:OrdinaryShareClass5 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11424511 (England and Wales)

KERRIER TRADING LIMITED

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

KERRIER TRADING LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

KERRIER TRADING LIMITED

BALANCE SHEET

As at 30 June 2024
KERRIER TRADING LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,227,895 2,119,455
2,227,895 2,119,455
Current assets
Debtors 4 379 379
379 379
Creditors: amounts falling due within one year 5 ( 957,613) ( 955,091)
Net current liabilities (957,234) (954,712)
Total assets less current liabilities 1,270,661 1,164,743
Provision for liabilities ( 66,503) ( 39,393)
Net assets 1,204,158 1,125,350
Capital and reserves
Called-up share capital 6 379 379
Fair value reserve 241,191 159,861
Profit and loss account 962,588 965,110
Total shareholders' funds 1,204,158 1,125,350

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 Kerrier Trading Limited (registered number: 11424511) were approved and authorised for issue by the Board of Directors on 23 March 2025. They were signed on its behalf by:

Mr C M Simmonds
Director
KERRIER TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
KERRIER TRADING 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

Kerrier Trading 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 C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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 that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

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

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 559,625
Movement in fair value 34,896
At 30 June 2024 594,521
Carrying value at 30 June 2024 594,521
Carrying value at 30 June 2023 559,625

Other investments Total
£ £
Cost or valuation before impairment
At 01 July 2023 1,559,830 1,559,830
Movement in fair value 73,544 73,544
At 30 June 2024 1,633,374 1,633,374
Carrying value at 30 June 2024 1,633,374 1,633,374
Carrying value at 30 June 2023 1,559,830 1,559,830

4. Debtors

2024 2023
£ £
Other debtors 379 379

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to connected companies 954,899 952,089
Other creditors 2,714 3,002
957,613 955,091

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
15,174 Ordinary shares of £ 0.01 each 151.74 151.74
11,780 Ordinary A shares of £ 0.01 each 117.80 117.80
3,794 Ordinary B shares of £ 0.01 each 37.94 37.94
3,794 Ordinary C shares of £ 0.01 each 37.94 37.94
3,393 Ordinary D shares of £ 0.01 each 33.93 33.93
379.35 379.35

7. Related party transactions

Other related party transactions

2024 2023
£ £
As at 1 July 2023 (952,089) (949,893)
Advances to connected company (2,359) (2,196)
Repayments by connected company 0 0
As at 30 June 2024 (954,448) (952,089)

Kerrier Investments Limited is a connected company as it is under the same control as Kerrier Trading Limited. The loan owed to Kerrier Investments Limited is repayable on demand and is interest free.