Silverfin false false 30/09/2024 01/10/2023 30/09/2024 N Oborne 05/08/2014 R E Oborne 05/08/2014 R E C Oborne 05/06/2024 05/08/2014 T J Oborne 05/08/2014 30 April 2025 The principal activity of the Company during the financial year was activities of head office. 09162705 2024-09-30 09162705 bus:Director1 2024-09-30 09162705 bus:Director2 2024-09-30 09162705 bus:Director3 2024-09-30 09162705 bus:Director4 2024-09-30 09162705 2023-09-30 09162705 core:CurrentFinancialInstruments 2024-09-30 09162705 core:CurrentFinancialInstruments 2023-09-30 09162705 core:Non-currentFinancialInstruments 2024-09-30 09162705 core:Non-currentFinancialInstruments 2023-09-30 09162705 core:ShareCapital 2024-09-30 09162705 core:ShareCapital 2023-09-30 09162705 core:RetainedEarningsAccumulatedLosses 2024-09-30 09162705 core:RetainedEarningsAccumulatedLosses 2023-09-30 09162705 core:LandBuildings 2023-09-30 09162705 core:LandBuildings 2024-09-30 09162705 core:CostValuation 2023-09-30 09162705 core:CostValuation 2024-09-30 09162705 bus:OrdinaryShareClass1 2024-09-30 09162705 bus:OrdinaryShareClass2 2024-09-30 09162705 2023-10-01 2024-09-30 09162705 bus:FilletedAccounts 2023-10-01 2024-09-30 09162705 bus:SmallEntities 2023-10-01 2024-09-30 09162705 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09162705 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09162705 bus:Director1 2023-10-01 2024-09-30 09162705 bus:Director2 2023-10-01 2024-09-30 09162705 bus:Director3 2023-10-01 2024-09-30 09162705 bus:Director4 2023-10-01 2024-09-30 09162705 core:LandBuildings core:TopRangeValue 2023-10-01 2024-09-30 09162705 2022-10-01 2023-09-30 09162705 core:LandBuildings 2023-10-01 2024-09-30 09162705 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 09162705 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09162705 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 09162705 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 09162705 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09162705 (England and Wales)

OBORNE INVESTMENTS LIMITED

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

OBORNE INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

OBORNE INVESTMENTS LIMITED

BALANCE SHEET

As at 30 September 2024
OBORNE INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 379,275 388,659
Investments 4 1,000 1,000
380,275 389,659
Current assets
Debtors 5 12,000 12,000
Cash at bank and in hand 45,578 45,578
57,578 57,578
Creditors: amounts falling due within one year 6 ( 28,576) ( 18,479)
Net current assets 29,002 39,099
Total assets less current liabilities 409,277 428,758
Creditors: amounts falling due after more than one year 7 ( 218,144) ( 261,826)
Net assets 191,133 166,932
Capital and reserves
Called-up share capital 8 2,000 2,000
Profit and loss account 189,133 164,932
Total shareholders' funds 191,133 166,932

For the financial year ending 30 September 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 Oborne Investments Limited (registered number: 09162705) were approved and authorised for issue by the Board of Directors on 30 April 2025. They were signed on its behalf by:

T J Oborne
Director
OBORNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
OBORNE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Oborne Investments 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 and principal place of office is:
Unit 2, Mulberry Court
Bourne Industrial Park
Bourne Road
Crayford
Kent
DA1 4BF
England

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Land and buildings 50 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.

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.

Impairment of assets

Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. In such cases debtors are stated at transaction price less impairment losses. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

Business Combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

2. Employees

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

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 October 2023 469,205 469,205
At 30 September 2024 469,205 469,205
Accumulated depreciation
At 01 October 2023 80,546 80,546
Charge for the financial year 9,384 9,384
At 30 September 2024 89,930 89,930
Net book value
At 30 September 2024 379,275 379,275
At 30 September 2023 388,659 388,659

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 1,000
At 30 September 2024 1,000
Carrying value at 30 September 2024 1,000
Carrying value at 30 September 2023 1,000

5. Debtors

2024 2023
£ £
Other debtors 12,000 12,000

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 22,734 12,802
Other creditors 5,842 5,677
28,576 18,479

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

2024 2023
£ £
Other creditors 218,144 261,826

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

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,800 Ordinary £1 shares of £ 1.00 each 1,800 1,800
200 Ordinary A £1 shares of £ 1.00 each 200 200
2,000 2,000

9. Related party transactions

The company has taken advantage of the exemption in FRS 102 33.IA “Related Party Disclosures” from disclosing transactions with other members of the group.