Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mr A R Haines 17/05/2006 Mrs C A W Haines 04/09/2023 Mrs N M Hayden 17/05/2006 07 May 2025 The principal activity of the company is antique dealer, the company is also the holding company of a property investment company and provides consultancy services to other property investment companies. 05819328 2024-10-31 05819328 bus:Director1 2024-10-31 05819328 bus:Director2 2024-10-31 05819328 bus:Director3 2024-10-31 05819328 2023-10-31 05819328 core:CurrentFinancialInstruments 2024-10-31 05819328 core:CurrentFinancialInstruments 2023-10-31 05819328 core:ShareCapital 2024-10-31 05819328 core:ShareCapital 2023-10-31 05819328 core:RetainedEarningsAccumulatedLosses 2024-10-31 05819328 core:RetainedEarningsAccumulatedLosses 2023-10-31 05819328 core:OtherPropertyPlantEquipment 2023-10-31 05819328 core:OtherPropertyPlantEquipment 2024-10-31 05819328 core:CostValuation 2023-10-31 05819328 core:CostValuation 2024-10-31 05819328 2023-11-01 2024-10-31 05819328 bus:FilletedAccounts 2023-11-01 2024-10-31 05819328 bus:SmallEntities 2023-11-01 2024-10-31 05819328 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05819328 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05819328 bus:Director1 2023-11-01 2024-10-31 05819328 bus:Director2 2023-11-01 2024-10-31 05819328 bus:Director3 2023-11-01 2024-10-31 05819328 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 05819328 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 05819328 (England and Wales)

ALNAT LIMITED

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

ALNAT LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

ALNAT LIMITED

BALANCE SHEET

As at 31 October 2024
ALNAT LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 216 288
Investments 4 150,000 150,000
150,216 150,288
Current assets
Stocks 5 134,424 239,889
Debtors 6 54,141 ( 2,840)
Cash at bank and in hand 99,656 113,711
288,221 350,760
Creditors: amounts falling due within one year 7 ( 35,764) ( 100,316)
Net current assets 252,457 250,444
Total assets less current liabilities 402,673 400,732
Net assets 402,673 400,732
Capital and reserves
Called-up share capital 150,100 150,100
Profit and loss account 252,573 250,632
Total shareholders' funds 402,673 400,732

For the financial year ending 31 October 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 Alnat Limited (registered number: 05819328) were approved and authorised for issue by the Board of Directors on 07 May 2025. They were signed on its behalf by:

Mrs C A W Haines
Director
ALNAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
ALNAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Alnat 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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. 25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 384 384
At 31 October 2024 384 384
Accumulated depreciation
At 01 November 2023 96 96
Charge for the financial year 72 72
At 31 October 2024 168 168
Net book value
At 31 October 2024 216 216
At 31 October 2023 288 288

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 November 2023 150,000
At 31 October 2024 150,000
Carrying value at 31 October 2024 150,000
Carrying value at 31 October 2023 150,000

5. Stocks

2024 2023
£ £
Stocks 134,424 239,889

6. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 52,910 0
Other debtors 1,231 ( 2,840)
54,141 ( 2,840)

7. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 0 47,187
Other creditors 35,764 53,129
35,764 100,316

8. Related party transactions

Transactions with the entity's directors

C A Haines's directors loan account is repayable on demand and interest is charged at HMRC approved rates.

During the year to 31 October 2024, the account was overdrawn by £3,474 and £3,474 was repaid in the year.

A R Haines's directors loan account is repayable on demand and interest is charged at HMRC approved rates.

At 31 October 2024, the account was overdrawn by £1,231 in the year.