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Company No: 07534990 (England and Wales)

ILUMINA LTD.

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

ILUMINA LTD.

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

ILUMINA LTD.

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
ILUMINA LTD.

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 985 1,868
Investments 4 491,653 574,169
492,638 576,037
Current assets
Debtors 5 0 1,003
Cash at bank and in hand 617 3,962
617 4,965
Creditors: amounts falling due within one year 6 ( 3,405) ( 2,855)
Net current (liabilities)/assets (2,788) 2,110
Total assets less current liabilities 489,850 578,147
Creditors: amounts falling due after more than one year 7 ( 415,000) ( 550,000)
Net assets 74,850 28,147
Capital and reserves
Called-up share capital 8 400 400
Profit and loss account 74,450 27,747
Total shareholders' funds 74,850 28,147

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ilumina Ltd. (registered number: 07534990) were approved and authorised for issue by the Director on 12 June 2025. They were signed on its behalf by:

David John Lidbetter
Director
ILUMINA LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
ILUMINA LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
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

Ilumina 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 5 Youngs Way, Woodstock, OX20 1GU, 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 director has assessed the Statement of Financial Position and 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 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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 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.

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.

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.

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.

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. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 March 2024 2,697 2,697
At 28 February 2025 2,697 2,697
Accumulated depreciation
At 01 March 2024 829 829
Charge for the financial year 883 883
At 28 February 2025 1,712 1,712
Net book value
At 28 February 2025 985 985
At 29 February 2024 1,868 1,868

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 March 2024 574,169 574,169
Additions 1,779 1,779
Disposals ( 128,976) ( 128,976)
Movement in fair value 44,681 44,681
At 28 February 2025 491,653 491,653
Carrying value at 28 February 2025 491,653 491,653
Carrying value at 29 February 2024 574,169 574,169

5. Debtors

2025 2024
£ £
Accrued income 0 1,003

6. Creditors: amounts falling due within one year

2025 2024
£ £
Accruals 3,405 2,855

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

2025 2024
£ £
Other loans 415,000 550,000

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

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
3,000 A Ordinary shares of £ 0.10 each 300 300
1,000 Ordinary shares of £ 0.10 each 100 100
400 400

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2025 2024
£ £
Amounts owed to a shareholder 415,000 550,000

The amount is fully repayable by January 2027 and interest is charged at 1.25% .