Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Dr K A Howell 01/02/2023 W D Howell 28/03/2009 28 June 2025 The principal activities of the company continue to be that of lighting design and consultancy. 06862101 2025-03-31 06862101 bus:Director1 2025-03-31 06862101 bus:Director2 2025-03-31 06862101 2024-03-31 06862101 core:CurrentFinancialInstruments 2025-03-31 06862101 core:CurrentFinancialInstruments 2024-03-31 06862101 core:ShareCapital 2025-03-31 06862101 core:ShareCapital 2024-03-31 06862101 core:RetainedEarningsAccumulatedLosses 2025-03-31 06862101 core:RetainedEarningsAccumulatedLosses 2024-03-31 06862101 core:OtherResidualIntangibleAssets 2024-03-31 06862101 core:OtherResidualIntangibleAssets 2025-03-31 06862101 core:LandBuildings 2024-03-31 06862101 core:PlantMachinery 2024-03-31 06862101 core:LandBuildings 2025-03-31 06862101 core:PlantMachinery 2025-03-31 06862101 bus:OrdinaryShareClass1 2025-03-31 06862101 2024-04-01 2025-03-31 06862101 bus:FilletedAccounts 2024-04-01 2025-03-31 06862101 bus:SmallEntities 2024-04-01 2025-03-31 06862101 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06862101 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06862101 bus:Director1 2024-04-01 2025-03-31 06862101 bus:Director2 2024-04-01 2025-03-31 06862101 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-04-01 2025-03-31 06862101 core:LandBuildings core:BottomRangeValue 2024-04-01 2025-03-31 06862101 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 06862101 core:PlantMachinery 2024-04-01 2025-03-31 06862101 2023-04-01 2024-03-31 06862101 core:LandBuildings 2024-04-01 2025-03-31 06862101 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06862101 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06862101 (England and Wales)

SINGULARITY (UK) LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SINGULARITY (UK) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SINGULARITY (UK) LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
SINGULARITY (UK) LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 2 2
Tangible assets 4 244,196 241,775
244,198 241,777
Current assets
Debtors 5 1,593 9,271
Cash at bank and in hand 30,462 65,014
32,055 74,285
Creditors: amounts falling due within one year 6 ( 102,577) ( 238,621)
Net current liabilities (70,522) (164,336)
Total assets less current liabilities 173,676 77,441
Provision for liabilities ( 5,746) ( 8,404)
Net assets 167,930 69,037
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 167,830 68,937
Total shareholder's funds 167,930 69,037

For the financial year ending 31 March 2025 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 Singularity (UK) Ltd (registered number: 06862101) were approved and authorised for issue by the Board of Directors on 28 June 2025. They were signed on its behalf by:

W D Howell
Director
SINGULARITY (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SINGULARITY (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Singularity (UK) 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 Caseley Wood, Lustleigh, Newton Abbot, TQ13 9TN, United Kingdom.

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

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.

Change in accounting policies

During the year the depreciation policy was changed to depreciate land and buildings from over 10 years straight-line to 10 to 25 years straight-line. This was due to it containing solar panels, which are to be depreciated over 25 years per HMRC.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
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/reducing balance basis over its expected useful life, as follows:

Land and buildings 10 - 25 years straight line
Plant and machinery 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 directors 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2024 3 3
At 31 March 2025 3 3
Accumulated amortisation
At 01 April 2024 1 1
At 31 March 2025 1 1
Net book value
At 31 March 2025 2 2
At 31 March 2024 2 2

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 April 2024 223,204 49,735 272,939
Additions 27,501 4,113 31,614
At 31 March 2025 250,705 53,848 304,553
Accumulated depreciation
At 01 April 2024 1,860 29,304 31,164
Charge for the financial year 23,510 5,683 29,193
At 31 March 2025 25,370 34,987 60,357
Net book value
At 31 March 2025 225,335 18,861 244,196
At 31 March 2024 221,344 20,431 241,775

5. Debtors

2025 2024
£ £
Prepayments 1,593 9,271

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 467 16,649
Amounts owed to Group undertakings 53,566 194,032
Accruals 3,550 3,400
Taxation and social security 38,846 18,617
Other creditors 6,148 5,923
102,577 238,621

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100