Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Huw Davies 15/03/2016 Kirsty Fletcher 04/11/2024 Mark Johnson 02/06/2015 Paul Langdon 08/02/2017 08 April 2025 The principal activity of the company during the financial year was that of operational and technological consultancy. 09618437 2024-12-31 09618437 bus:Director1 2024-12-31 09618437 bus:Director2 2024-12-31 09618437 bus:Director3 2024-12-31 09618437 bus:Director4 2024-12-31 09618437 2023-12-31 09618437 core:CurrentFinancialInstruments 2024-12-31 09618437 core:CurrentFinancialInstruments 2023-12-31 09618437 core:Non-currentFinancialInstruments 2024-12-31 09618437 core:Non-currentFinancialInstruments 2023-12-31 09618437 core:ShareCapital 2024-12-31 09618437 core:ShareCapital 2023-12-31 09618437 core:SharePremium 2024-12-31 09618437 core:SharePremium 2023-12-31 09618437 core:RetainedEarningsAccumulatedLosses 2024-12-31 09618437 core:RetainedEarningsAccumulatedLosses 2023-12-31 09618437 core:OfficeEquipment 2023-12-31 09618437 core:ComputerEquipment 2023-12-31 09618437 core:OfficeEquipment 2024-12-31 09618437 core:ComputerEquipment 2024-12-31 09618437 bus:OrdinaryShareClass1 2024-12-31 09618437 bus:OrdinaryShareClass2 2024-12-31 09618437 bus:OrdinaryShareClass3 2024-12-31 09618437 bus:OrdinaryShareClass4 2024-12-31 09618437 bus:OrdinaryShareClass5 2024-12-31 09618437 bus:OtherShareClass1 2024-12-31 09618437 2024-01-01 2024-12-31 09618437 bus:FilletedAccounts 2024-01-01 2024-12-31 09618437 bus:SmallEntities 2024-01-01 2024-12-31 09618437 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09618437 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09618437 bus:Director1 2024-01-01 2024-12-31 09618437 bus:Director2 2024-01-01 2024-12-31 09618437 bus:Director3 2024-01-01 2024-12-31 09618437 bus:Director4 2024-01-01 2024-12-31 09618437 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 09618437 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 09618437 2023-01-01 2023-12-31 09618437 core:OfficeEquipment 2024-01-01 2024-12-31 09618437 core:ComputerEquipment 2024-01-01 2024-12-31 09618437 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 09618437 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09618437 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09618437 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09618437 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09618437 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09618437 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 09618437 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 09618437 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 09618437 bus:OrdinaryShareClass5 2024-01-01 2024-12-31 09618437 bus:OrdinaryShareClass5 2023-01-01 2023-12-31 09618437 bus:OtherShareClass1 2024-01-01 2024-12-31 09618437 bus:OtherShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09618437 (England and Wales)

ATHENIEM LIMITED

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

ATHENIEM LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ATHENIEM LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
ATHENIEM LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 15,518 12,183
15,518 12,183
Current assets
Debtors 4 297,783 427,227
Cash at bank and in hand 25,273 157,393
323,056 584,620
Creditors: amounts falling due within one year 5 ( 198,071) ( 286,760)
Net current assets 124,985 297,860
Total assets less current liabilities 140,503 310,043
Creditors: amounts falling due after more than one year 6 ( 6,108) ( 16,514)
Provision for liabilities ( 2,045) ( 2,045)
Net assets 132,350 291,484
Capital and reserves
Called-up share capital 7 3 3
Share premium account 10,000 10,000
Profit and loss account 122,347 281,481
Total shareholders' funds 132,350 291,484

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Atheniem Limited (registered number: 09618437) were approved and authorised for issue by the Board of Directors on 08 April 2025. They were signed on its behalf by:

Mark Johnson
Director
ATHENIEM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ATHENIEM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Atheniem 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 4 Whitethorn Grove, Malvern, Worcestershire, England, WR14 2UU.

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 Statement of Financial Position 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line
Computer equipment 3 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

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.

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.

Ordinary share capital

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

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 directors 21 18

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 January 2024 2,843 34,923 37,766
Additions 1,752 10,346 12,098
At 31 December 2024 4,595 45,269 49,864
Accumulated depreciation
At 01 January 2024 1,019 24,564 25,583
Charge for the financial year 1,010 7,753 8,763
At 31 December 2024 2,029 32,317 34,346
Net book value
At 31 December 2024 2,566 12,952 15,518
At 31 December 2023 1,824 10,359 12,183

4. Debtors

2024 2023
£ £
Trade debtors 291,397 341,707
Amounts owed by directors 1,386 0
Prepayments and accrued income 0 85,520
Other debtors 5,000 0
297,783 427,227

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,370 10,098
Trade creditors 16,130 2,389
Accruals 8,085 20,684
Taxation and social security 154,742 244,670
Other creditors 8,744 8,919
198,071 286,760

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

2024 2023
£ £
Bank loans 6,108 16,514

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary B shares of £ 0.01 each 1.00 1.00
1 Ordinary AA share of £ 0.01 0.01 0.01
1 Ordinary BA share of £ 0.01 0.01 0.01
100 Ordinary A shares of £ 0.01 each 1.00 1.00
1 Ordinary CA share of £ 0.01 0.01 0.01
100 Ordinary C shares of £ 0.01 each 1.00 1.00
3.03 3.03

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed by directors 1,386 0

No interest has been charged on this balance.