Silverfin false true 31/12/2024 01/01/2024 31/12/2024 A Patinkin 28/04/2021 H Talebali 28/04/2021 01 May 2025 The principal activity of the Company is that of being a corporate member for David Capital Partners Europe LLP. 13362922 2024-12-31 13362922 bus:Director1 2024-12-31 13362922 bus:Director2 2024-12-31 13362922 2023-12-31 13362922 core:CurrentFinancialInstruments 2024-12-31 13362922 core:CurrentFinancialInstruments 2023-12-31 13362922 core:ShareCapital 2024-12-31 13362922 core:ShareCapital 2023-12-31 13362922 core:CostValuation 2023-12-31 13362922 core:CostValuation 2024-12-31 13362922 bus:OrdinaryShareClass1 2024-12-31 13362922 2024-01-01 2024-12-31 13362922 bus:FilletedAccounts 2024-01-01 2024-12-31 13362922 bus:SmallEntities 2024-01-01 2024-12-31 13362922 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13362922 bus:EntityHasNeverTraded 2024-01-01 2024-12-31 13362922 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13362922 bus:Director1 2024-01-01 2024-12-31 13362922 bus:Director2 2024-01-01 2024-12-31 13362922 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13362922 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares

Company No: 13362922 (England and Wales)

DAVID CAPITAL PARTNERS EUROPE MANAGEMENT LIMITED

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

DAVID CAPITAL PARTNERS EUROPE MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DAVID CAPITAL PARTNERS EUROPE MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
DAVID CAPITAL PARTNERS EUROPE MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 35,000 35,000
35,000 35,000
Creditors: amounts falling due within one year 4 ( 34,999) ( 34,999)
Net current liabilities (34,999) (34,999)
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 5 1 1
Total shareholder's funds 1 1

David Capital Partners Europe Management Limited (registered number: 13362922) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of David Capital Partners Europe Management Limited (registered number: 13362922) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

H Talebali
Director

01 May 2025

DAVID CAPITAL PARTNERS EUROPE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DAVID CAPITAL PARTNERS EUROPE MANAGEMENT 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

David Capital Partners Europe Management 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 35 Ballards Lane, London, N3 1XW, 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 financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.

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.

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Other financial liabilities
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 35,000
At 31 December 2024 35,000
Carrying value at 31 December 2024 35,000
Carrying value at 31 December 2023 35,000

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to group undertakings 34,999 34,999

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1