Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Andrew Kenneth Coles 03/01/2023 Jenni Siew Lay Pignatelli 14/09/2015 Mark Guy Lewis Pignatelli 04/10/2013 03 April 2025 no description of principal activity 08718233 2024-07-31 08718233 bus:Director1 2024-07-31 08718233 bus:Director2 2024-07-31 08718233 bus:Director3 2024-07-31 08718233 2023-07-31 08718233 core:CurrentFinancialInstruments 2024-07-31 08718233 core:CurrentFinancialInstruments 2023-07-31 08718233 core:ShareCapital 2024-07-31 08718233 core:ShareCapital 2023-07-31 08718233 core:RetainedEarningsAccumulatedLosses 2024-07-31 08718233 core:RetainedEarningsAccumulatedLosses 2023-07-31 08718233 core:OtherPropertyPlantEquipment 2023-07-31 08718233 core:OtherPropertyPlantEquipment 2024-07-31 08718233 core:CostValuation 2023-07-31 08718233 core:CostValuation 2024-07-31 08718233 core:ProvisionsForImpairmentInvestments 2023-07-31 08718233 core:ProvisionsForImpairmentInvestments 2024-07-31 08718233 core:AdditionsToInvestments 2024-07-31 08718233 core:RevaluationsIncreaseDecreaseInInvestments 2024-07-31 08718233 2023-08-01 2024-07-31 08718233 bus:FilletedAccounts 2023-08-01 2024-07-31 08718233 bus:SmallEntities 2023-08-01 2024-07-31 08718233 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08718233 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08718233 bus:Director1 2023-08-01 2024-07-31 08718233 bus:Director2 2023-08-01 2024-07-31 08718233 bus:Director3 2023-08-01 2024-07-31 08718233 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-08-01 2024-07-31 08718233 2022-08-01 2023-07-31 08718233 core:Subsidiary1 2023-08-01 2024-07-31 08718233 core:Subsidiary1 1 2023-08-01 2024-07-31 08718233 core:Subsidiary1 1 2022-08-01 2023-07-31 08718233 core:Subsidiary2 2023-08-01 2024-07-31 08718233 core:Subsidiary2 1 2023-08-01 2024-07-31 08718233 core:Subsidiary2 1 2022-08-01 2023-07-31 08718233 core:Subsidiary3 2023-08-01 2024-07-31 08718233 core:Subsidiary3 1 2023-08-01 2024-07-31 08718233 core:Subsidiary3 1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 08718233 (England and Wales)

PIGNATELLI HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

PIGNATELLI HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

PIGNATELLI HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
PIGNATELLI HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS Andrew Kenneth Coles
Jenni Siew Lay Pignatelli
Mark Guy Lewis Pignatelli
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 08718233 (England and Wales)
PIGNATELLI HOLDINGS LIMITED

BALANCE SHEET

As at 31 July 2024
PIGNATELLI HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 2,926,801 2,861,455
2,926,801 2,861,455
Current assets
Debtors 5 222 5,000
Cash at bank and in hand 93,914 2,372
94,136 7,372
Creditors: amounts falling due within one year 6 ( 2,653,502) ( 2,610,035)
Net current liabilities (2,559,366) (2,602,663)
Total assets less current liabilities 367,435 258,792
Net assets 367,435 258,792
Capital and reserves
Called-up share capital 100 100
Profit and loss account 367,335 258,692
Total shareholders' funds 367,435 258,792

For the financial year ending 31 July 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 Pignatelli Holdings Limited (registered number: 08718233) were approved and authorised for issue by the Board of Directors on 03 April 2025. They were signed on its behalf by:

Jenni Siew Lay Pignatelli
Director
PIGNATELLI HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
PIGNATELLI HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Pignatelli Holdings 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 22 Chancery Lane, London, WC2A 1LS, 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 £.

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.

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. 3 years straight line
Fixed asset investments

Investments in subsidiaries are measured at cost less impairment. Impairment reviews are carried out annually by the directors.

Listed investments are recognised initially at cost which is the transaction price excluding transaction costs. Subsequently they are measured at fair value through profit or loss.

Dividends from investments are recognised in income at the point when the company becomes entitled to the dividend.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which interim dividends are paid and final dividends are approved.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2023 3,937 3,937
At 31 July 2024 3,937 3,937
Accumulated depreciation
At 01 August 2023 3,937 3,937
At 31 July 2024 3,937 3,937
Net book value
At 31 July 2024 0 0
At 31 July 2023 0 0

4. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 2,861,455 2,861,455
Other investments and loans 65,346 0
2,926,801 2,861,455

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 3,145,481
At 31 July 2024 3,145,481
Provisions for impairment
At 01 August 2023 284,026
At 31 July 2024 284,026
Carrying value at 31 July 2024 2,861,455
Carrying value at 31 July 2023 2,861,455

Listed investments Total
£ £
Cost or valuation before impairment
At 01 August 2023 0 0
Additions 63,539 63,539
Movement in fair value 1,807 1,807
At 31 July 2024 65,346 65,346
Carrying value at 31 July 2024 65,346 65,346
Carrying value at 31 July 2023 0 0

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.07.2024
Ownership
31.07.2023
Oak Tree Recruitment Limited Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ Recruitment Ordinary 100.00% 100.00%
Barna and Company Limited First Floor, 26 Hanover Buildings, Southampton, SO14 1JU Recruitment Ordinary 100.00% 100.00%
Wizard Recruitment Limited Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ Recruitment Ordinary 100.00% 100.00%

5. Debtors

2024 2023
£ £
Amounts owed by group undertakings 0 5,000
Other debtors 222 0
222 5,000

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 4,080
Amounts owed to group undertakings 150,547 0
Other creditors 2,502,955 2,605,955
2,653,502 2,610,035