Silverfin false false 31/08/2024 09/08/2023 31/08/2024 J A N Prenn 09/08/2023 09 April 2025 The principal activity of the Company in the financial period was that of a Holding Company. 15059941 2024-08-31 15059941 bus:Director1 2024-08-31 15059941 core:CurrentFinancialInstruments 2024-08-31 15059941 core:ShareCapital 2024-08-31 15059941 core:RetainedEarningsAccumulatedLosses 2024-08-31 15059941 core:AdditionsToInvestments 2024-08-31 15059941 core:CostValuation 2024-08-31 15059941 bus:OrdinaryShareClass1 2024-08-31 15059941 2023-08-09 2024-08-31 15059941 bus:FilletedAccounts 2023-08-09 2024-08-31 15059941 bus:SmallEntities 2023-08-09 2024-08-31 15059941 bus:AuditExempt-NoAccountantsReport 2023-08-09 2024-08-31 15059941 bus:PrivateLimitedCompanyLtd 2023-08-09 2024-08-31 15059941 bus:Director1 2023-08-09 2024-08-31 15059941 bus:OrdinaryShareClass1 2023-08-09 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15059941 (England and Wales)

NEW FIFTY EIGHT UK HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 09 August 2023 to 31 August 2024
Pages for filing with the registrar

NEW FIFTY EIGHT UK HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 09 August 2023 to 31 August 2024

Contents

NEW FIFTY EIGHT UK HOLDINGS LIMITED

COMPANY INFORMATION

For the financial period from 09 August 2023 to 31 August 2024
NEW FIFTY EIGHT UK HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial period from 09 August 2023 to 31 August 2024
DIRECTOR J A N Prenn (Appointed 09 August 2023)
REGISTERED OFFICE Unit 3 Cropmead
Crewkerne
TA18 7HJ
United Kingdom
COMPANY NUMBER 15059941 (England and Wales)
NEW FIFTY EIGHT UK HOLDINGS LIMITED

BALANCE SHEET

As at 31 August 2024
NEW FIFTY EIGHT UK HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 31.08.24
£
Fixed assets
Investments 3 1,000,000
1,000,000
Current assets
Debtors 4 999,913
999,913
Creditors: amounts falling due within one year 5 ( 2,005,692)
Net current liabilities (1,005,779)
Total assets less current liabilities (5,779)
Net liabilities ( 5,779)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 5,879 )
Total shareholder's deficit ( 5,779)

For the financial period ending 31 August 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 New Fifty Eight Uk Holdings Limited (registered number: 15059941) were approved and authorised for issue by the Director on 09 April 2025. They were signed on its behalf by:

J A N Prenn
Director
NEW FIFTY EIGHT UK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 August 2023 to 31 August 2024
NEW FIFTY EIGHT UK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 August 2023 to 31 August 2024
1. Accounting policies

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

General information and basis of accounting

New Fifty Eight Uk 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 Unit 3 Cropmead, Crewkerne, TA18 7HJ, United Kingdom.

The financial statements have been prepared in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may significant cast doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

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.

Fixed asset investments

Investments in subsidiaries are measured at cost less provision for impairment.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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

Period from
09.08.23 to
31.08.24
Number
Monthly average number of persons employed by the Company during the period 0

3. Fixed asset investments

Investments in subsidiaries

31.08.24
£
Cost
At 09 August 2023 0
Additions 1,000,000
At 31 August 2024 1,000,000
Carrying value at 31 August 2024 1,000,000

4. Debtors

31.08.24
£
Amounts owed by Group undertakings 999,813
Other debtors 100
999,913

5. Creditors: amounts falling due within one year

31.08.24
£
Amounts owed to Group undertakings 34
Other creditors 2,005,658
2,005,692

6. Called-up share capital

31.08.24
£
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100

7. Related party transactions

The Group has taken advantage of the exemption under section 33 of FRS 102 from disclosing transactions with wholly-owned group companies.

At the year end, the Company owed £2,000,000 to the director. The loan is interest free and repayable on demand.