Silverfin false false true 31/12/2024 18/01/2024 31/12/2024 Henrik Aslaksen 18/01/2024 22 April 2025 The principle activity of the company during the financial period was providing financial management services. 15425140 2024-12-31 15425140 bus:Director1 2024-12-31 15425140 core:CurrentFinancialInstruments 2024-12-31 15425140 core:ShareCapital 2024-12-31 15425140 core:RetainedEarningsAccumulatedLosses 2024-12-31 15425140 core:ShareCapital 2024-01-17 15425140 core:RetainedEarningsAccumulatedLosses 2024-01-17 15425140 2024-01-17 15425140 core:ContractualUndiscountedValue 2024-12-31 15425140 bus:OrdinaryShareClass1 2024-12-31 15425140 2024-01-18 2024-12-31 15425140 bus:FullAccounts 2024-01-18 2024-12-31 15425140 bus:FRS102 2024-01-18 2024-12-31 15425140 bus:Audited 2024-01-18 2024-12-31 15425140 bus:PrivateLimitedCompanyLtd 2024-01-18 2024-12-31 15425140 bus:Director1 2024-01-18 2024-12-31 15425140 1 2024-01-18 2024-12-31 15425140 core:ShareCapital 2024-01-18 2024-12-31 15425140 core:RetainedEarningsAccumulatedLosses 2024-01-18 2024-12-31 15425140 bus:OrdinaryShareClass1 2024-01-18 2024-12-31 15425140 1 2024-01-18 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15425140 (England and Wales)

LIGHTHOUSE CANTON UK LTD
(Formerly AWM Capital Partners (UK) Limited)

Annual Report and Financial Statements
For the financial period from 18 January 2024 to 31 December 2024

LIGHTHOUSE CANTON UK LTD

Annual Report and Financial Statements

For the financial period from 18 January 2024 to 31 December 2024

Contents

LIGHTHOUSE CANTON UK LTD

COMPANY INFORMATION

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

COMPANY INFORMATION (continued)

For the financial period from 18 January 2024 to 31 December 2024
DIRECTOR Henrik Aslaksen (Appointed 18 January 2024)
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 15425140 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
Statutory Auditor
22 Chancery Lane
London
WC2A 1LS
LIGHTHOUSE CANTON UK LTD

STRATEGIC REPORT

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

STRATEGIC REPORT (continued)

For the financial period from 18 January 2024 to 31 December 2024

The director presents their Strategic Report for the financial period ended 31 December 2024.

REVIEW OF THE BUSINESS

Lighthouse Canton UK Ltd's business is primarily that of the provision of financial management services.

The Company is authorised and regulated by the Financial Conduct Authority ("the FCA") in connection with the conduct of those activities subject to the provisions of the Financial Services Act 2012.

KEY PERFORMANCE INDICATORS ('KPIS')

As shown in the Company's profit and loss statement on page 9, the loss for the period, after taxation, amounts to £53,792. Net assets, as shown on the balance sheet on page 10, are £195,285.

No dividends were paid during the year.

PRINCIPAL RISKS AND UNCERTAINTIES

As the regulatory environment is a key factor in the company’s provision of services, the directors are particularly mindful of the extent and impact of new regulations. The company is still in the set-up stage and is looking to onboard clients. The Company is adequately capitalised as required for an entity regulated by the FCA.

The Directors do not consider liquidity, credit or foreign exchange risk to be significant, but as the company’s operations become more significant, will continue to monitor these in the normal course of business

Approved by the Board of Directors and signed on its behalf by:

Henrik Aslaksen
Director

22 April 2025

LIGHTHOUSE CANTON UK LTD

DIRECTOR'S REPORT

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

DIRECTOR'S REPORT (continued)

For the financial period from 18 January 2024 to 31 December 2024

The director presents this annual report on the affairs of the company, together with the financial statements and auditors’ report, for the financial period ended 31 December 2024.

DIRECTOR

The director, who served during the financial period and to the date of this report except as noted, was as follows:

Henrik Aslaksen (Appointed 18 January 2024)

AUDITOR

Each of the persons who is a director at the date of approval of this report confirms that:

* So far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware; and

* The director has taken all the steps that they ought to have taken as a director in order to make himself/herself aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006



Approved by and signed by the director:

Henrik Aslaksen
Director

22 April 2025

LIGHTHOUSE CANTON UK LTD

DIRECTOR'S RESPONSIBILITIES STATEMENT

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

DIRECTOR'S RESPONSIBILITIES STATEMENT (continued)

For the financial period from 18 January 2024 to 31 December 2024

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial period. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the director must not approve the financial statements unless the director is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that financial period.

In preparing these financial statements, the director is required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent;
* State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LIGHTHOUSE CANTON UK LTD

For the financial period from 18 January 2024 to 31 December 2024

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LIGHTHOUSE CANTON UK LTD (continued)

For the financial period from 18 January 2024 to 31 December 2024

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Lighthouse Canton UK Ltd (the ‘company’) for the financial period ended 31 December 2024 which comprise the Profit and Loss account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies.


The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:


• give a true and fair view of the state of the company’s affairs as at 31 December 2024 and of its loss for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.


We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.

Report on other legal and regulatory requirements

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:


• the information given in the Director's Report and the Strategic Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
• the Strategic Report and the Director's Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report and the Strategic Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• the financial statements are not in agreement with the accounting records and returns; or
• certain disclosures of director's remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the director's responsibilities statement set out on page 4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company by considering, amongst other things, the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the assessed level of risk, but recognised that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, UK Company Law, UK tax legislation and FCA Regulations.

Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management, enquiries of third parties including banks, consideration of the firm’s FCA scope of permission and performing recalculations based on source documentation.

As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Charlotte Milner (Senior Statutory Auditor)
For and on behalf of
Dixon Wilson Audit Services LLP
Statutory Auditor

22 Chancery Lane
London
WC2A 1LS

22 April 2025

LIGHTHOUSE CANTON UK LTD

PROFIT AND LOSS ACCOUNT

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

PROFIT AND LOSS ACCOUNT (continued)

For the financial period from 18 January 2024 to 31 December 2024
Note Period from
18.01.2024 to
31.12.2024
£
Administrative expenses ( 113,679)
Other operating income 2 58,964
Operating loss and loss before taxation ( 54,715)
Tax on loss 0
Loss for the financial period ( 54,715)
LIGHTHOUSE CANTON UK LTD

BALANCE SHEET

As at 31 December 2024
LIGHTHOUSE CANTON UK LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024
£
Current assets
Debtors 5 313
Cash at bank and in hand 6 259,251
259,564
Creditors: amounts falling due within one year 7 ( 64,279)
Net current assets 195,285
Total assets less current liabilities 195,285
Net assets 195,285
Capital and reserves 9
Called-up share capital 250,000
Profit and loss account ( 54,715)
Total shareholders' funds 195,285

The financial statements of Lighthouse Canton UK Ltd (registered number: 15425140) were approved and authorised for issue by the Board of Directors on 22 April 2025. They were signed on its behalf by:

Henrik Aslaksen
Director
LIGHTHOUSE CANTON UK LTD

STATEMENT OF CHANGES IN EQUITY

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial period from 18 January 2024 to 31 December 2024
Called-up share capital Profit and loss account Total
£ £ £
At 18 January 2024 0 0 0
Loss for the financial period 0 ( 54,715) ( 54,715)
Total comprehensive loss 0 ( 54,715) ( 54,715)
Issue of share capital 250,000 0 250,000
At 31 December 2024 250,000 ( 54,715) 195,285
LIGHTHOUSE CANTON UK LTD

STATEMENT OF CASH FLOWS

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

STATEMENT OF CASH FLOWS (continued)

For the financial period from 18 January 2024 to 31 December 2024
Period from
18.01.2024 to
31.12.2024
£
Net cash flows from operating activities (note 10) 9,251
Cash flows from investing activities
Net cash flows from investing activities 0
Cash flows from financing activities
Proceeds on issue of shares 250,000
Net cash flows from financing activities 250,000
Net increase in cash and cash equivalents 259,251
Cash and cash equivalents at end of period 259,251
Reconciliation to cash at bank and in hand:
Cash at bank and in hand at end of period 259,251
Cash and cash equivalents at end of period 259,251
LIGHTHOUSE CANTON UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 January 2024 to 31 December 2024
LIGHTHOUSE CANTON UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 January 2024 to 31 December 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

Lighthouse Canton UK 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 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 Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council and the requirements of the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and the likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.

Reporting period length

The figures cover the period from 18 January 2024 to 31 December 2024.

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.

Ordinary share capital

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

2. Other operating income

Period from
18.01.2024 to
31.12.2024
£
Loan write off 58,964

3. Auditor's remuneration

An analysis of the auditor's remuneration is as follows:

Period from
18.01.2024 to
31.12.2024
£
Fees payable to the company’s auditor and its associates for the audit of the company's annual financial statements: 12,000
Total audit fees 12,000
Other services 8,872
Total non-audit fees 8,872

4. Staff number and costs

31.12.2024
Number
The average monthly number of employees (including directors) was: 1

Their aggregate remuneration comprised:

Period from
18.01.2024 to
31.12.2024
£
Wages and salaries 42,917
Social security costs 3,194
Other retirement benefit costs 1,693
47,804

5. Debtors

31.12.2024
£
Amounts owed by group undertakings (note 11) 250
Prepayments 63
313

6. Cash and cash equivalents

31.12.2024
£
Cash at bank and in hand 259,251

7. Creditors: amounts falling due within one year

31.12.2024
£
Accruals 16,475
Other creditors 47,804
64,279

8. Financial instruments

The carrying values of the company’s financial assets and liabilities are summarised by category below:

31.12.2024
£
Financial assets
Measured at undiscounted amount receivable
Amounts owed by Group undertakings (note 5) 250
Financial liabilities
Measured at undiscounted amount payable
Other payables 46,631
Accruals 16,475
63,106

9. Called-up share capital and reserves

31.12.2024
£
Allotted, called-up and fully-paid
250,000 ordinary shares of £ 1.00 each 250,000
Presented as follows:
Called-up share capital presented as equity 250,000

10. Statement of Cash Flows

Period from
18.01.2024 to
31.12.2024
£
Operating loss ( 54,715)
Adjustment for:
Operating cash flows before movement in working capital ( 54,715)
Increase in debtors ( 313)
Increase in creditors 64,279
Cash generated by operations 9,251
Net cash flows from operating activities 9,251

11. Related party transactions

Transactions with related parties or connected persons

Amounts owed by related parties

31.12.2024
£
Stamp duty paid on behalf of the parent entity 250

Amounts owed to related parties

31.12.2024
£
Balance owed to AWM Capital Partners written off 58,964

During the period, a balance of £58,964 owed to AWM Capital Partners Private Ltd, the former parent entity, was written off.

12. Controlling party

The company's ultimate parent is Lighthouse Canton Investment Holdings Pte. Ltd, incorporated in Singapore.

The most senior parent entity producing financial statements is Lighthouse Canton Investment Holdings Pte. Ltd. These financial statements are available from the Accounting and Regulatory Authority (ACRA) in Singapore.

The address of Lighthouse Canton Investment Holdings Pte. Ltd is:
16 Collyer Quay
#11-02 Collyer Quay Center
Singapore 049318