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Company No: 07175252 (England and Wales)

SINGULARITY UK HOLDINGS LTD

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

SINGULARITY UK HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SINGULARITY UK HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
SINGULARITY UK HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 0 128,152
Investments 4 2 2
2 128,154
Current assets
Debtors 5 162,398 747,003
Cash at bank and in hand 1,433,115 898,789
1,595,513 1,645,792
Creditors: amounts falling due within one year 6 ( 12,044) ( 41,663)
Net current assets 1,583,469 1,604,129
Total assets less current liabilities 1,583,471 1,732,283
Net assets 1,583,471 1,732,283
Capital and reserves
Called-up share capital 7 102 102
Profit and loss account 1,583,369 1,732,181
Total shareholders' funds 1,583,471 1,732,283

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 Holdings Ltd (registered number: 07175252) 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 HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SINGULARITY UK HOLDINGS 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 Holdings 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.

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

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2024 128,152
Disposals (128,152)
As at 31 March 2025 0

The valuations were made by the directors, on an open market value for existing use basis and was arrived at taking account of information from publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements.

4. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 2
At 31 March 2025 2
Carrying value at 31 March 2025 2
Carrying value at 31 March 2024 2

5. Debtors

2025 2024
£ £
Amounts owed by Group undertakings 53,566 194,032
Amounts owed by directors 108,832 427,971
Other debtors 0 125,000
162,398 747,003

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 0 38,124
Accruals 2,400 3,539
Taxation and social security 9,644 0
12,044 41,663

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
102 Ordinary shares of £ 1.00 each 102 102

8. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Dividends paid to directors 178,000 160,300

During the year, the company made loans to its directors, with a maximum amount outstanding of £500,971 (2024: £447,375). The loan bore interest at 2.25% and is repayable on demand. At the balance sheet date, the company had loans due from its directors totalling £108,832 (2024: £427,971).