Silverfin false false 30/06/2024 01/07/2023 30/06/2024 G Brafman 01/06/2019 Lord R Hodgson Of Astley Abbotts 31/05/2019 J G Kreminski 24/05/2019 D S Williamson 24/05/2019 10 June 2025 The principal activity of the company during the financial year was that of a holding company. 12015971 2024-06-30 12015971 bus:Director1 2024-06-30 12015971 bus:Director2 2024-06-30 12015971 bus:Director3 2024-06-30 12015971 bus:Director4 2024-06-30 12015971 core:CurrentFinancialInstruments 2024-06-30 12015971 core:CurrentFinancialInstruments 2023-06-30 12015971 core:Non-currentFinancialInstruments 2024-06-30 12015971 core:Non-currentFinancialInstruments 2023-06-30 12015971 2023-06-30 12015971 core:ShareCapital 2024-06-30 12015971 core:ShareCapital 2023-06-30 12015971 core:RetainedEarningsAccumulatedLosses 2024-06-30 12015971 core:RetainedEarningsAccumulatedLosses 2023-06-30 12015971 bus:OrdinaryShareClass1 2024-06-30 12015971 2023-07-01 2024-06-30 12015971 bus:FilletedAccounts 2023-07-01 2024-06-30 12015971 bus:SmallEntities 2023-07-01 2024-06-30 12015971 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12015971 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12015971 bus:Director1 2023-07-01 2024-06-30 12015971 bus:Director2 2023-07-01 2024-06-30 12015971 bus:Director3 2023-07-01 2024-06-30 12015971 bus:Director4 2023-07-01 2024-06-30 12015971 2022-07-01 2023-06-30 12015971 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 12015971 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 12015971 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12015971 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:USD xbrli:pure xbrli:shares

Company No: 12015971 (England and Wales)

GREEN RIVER CAPITAL PARTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

GREEN RIVER CAPITAL PARTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

GREEN RIVER CAPITAL PARTNERS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
GREEN RIVER CAPITAL PARTNERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
$ $
Current assets
Debtors
- due within one year 3 440,579 186,227
- due after more than one year 3 1,000,000 1,000,000
Cash at bank and in hand 6,284 6,360
1,446,863 1,192,587
Creditors: amounts falling due within one year 4 ( 533,923) ( 437,043)
Net current assets 912,940 755,544
Total assets less current liabilities 912,940 755,544
Creditors: amounts falling due after more than one year 5 ( 735,152) ( 591,771)
Net assets 177,788 163,773
Capital and reserves
Called-up share capital 6 56,007 56,007
Profit and loss account 121,781 107,766
Total shareholders' funds 177,788 163,773

For the financial year ending 30 June 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 Green River Capital Partners Limited (registered number: 12015971) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D S Williamson
Director

10 June 2025

GREEN RIVER CAPITAL PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
GREEN RIVER CAPITAL PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

Green River Capital Partners 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 Octagon Point, 5 Cheapside, London, EC2V 6AA, 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 USD 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.

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.

Turnover

Income represents interest received from Nova Capital Group Limited on the loan held between the parent and subsidiary.

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.

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 only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, and loans to and from related parties.

Financial assets
Basic financial assets, including other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

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/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including other creditors, accruals and amounts due to related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year (nil), including directors (4) 4 4

3. Debtors

2024 2023
$ $
Debtors: amounts falling due within one year
Other debtors 440,579 186,227
Debtors: amounts falling due after more than one year
Other debtors 1,000,000 1,000,000

The loan is due from the direct subsidiary and has an interest rate of 2.5% and is due to mature on 30 June 2024. This repayment date will be subject to extension following confirmation by the GRCP board.

4. Creditors: amounts falling due within one year

2024 2023
$ $
Amounts owed to group undertakings 339,426 335,312
Accruals 40,691 35,000
Other creditors 153,806 66,731
533,923 437,043

Amounts owed to group undertakings are interest free, unsecured and repayable upon demand.

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

2024 2023
$ $
Other loans 735,152 591,771

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

Other loans relate to the amounts due to the company's shareholders. Interest on the loans at a rate of 12.0% per annum, accrues daily and shall be payable quarterly. There are no amounts falling due after more than 5 years.

6. Called-up share capital

2024 2023
$ $
Allotted, called-up and fully-paid
56,007 Ordinary shares of US $ 1.00 each 56,007 56,007

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
$ $
A Loan Holders 300,000 300,000
B Loan Holders 154,700 154,700
A2 Loan Holders 280,452 137,071

A Loan Holders include Johnson Brothers & Co Ltd of $262,500 and G Brafman of $37,500.
B Loan Holders include D Williamson of $77,350 and J Kreminski of $77,350.
The loans accrue interest at a rate of 12% per annum. The loans are unsecured and repayable upon demand or until such time where the company has sufficient cash assets to repay these loans.

A2 Loan Holders include Johnson Brothers & Co Ltd of $280,452 (£220,000).
The loan accrues interest at a rate of 12% per annum. The loan is unsecured and has a fixed repayment date of 31 May 2025 subject to the terms of the loan agreement.

Other related party transactions

All related party loans are due to the company's shareholders. The company has taken advantage of the exemption under the provision of FRS 102 Section 1A "Related party disclosures" from disclosing transactions or balances between group entities.