Silverfin false false 30/11/2024 22/06/2023 30/11/2024 G Bukhov 22/06/2023 I Demichev 22/06/2023 D Kourkarskikh 02/04/2024 10 July 2025 The company was incorporated on 22 June 2023 and commenced trading on the same day. The principal activity of the company is that of operating a restaurant. 14954875 2024-11-30 14954875 bus:Director1 2024-11-30 14954875 bus:Director2 2024-11-30 14954875 bus:Director3 2024-11-30 14954875 core:CurrentFinancialInstruments 2024-11-30 14954875 core:Non-currentFinancialInstruments 2024-11-30 14954875 core:ShareCapital 2024-11-30 14954875 core:RetainedEarningsAccumulatedLosses 2024-11-30 14954875 core:OtherResidualIntangibleAssets 2023-06-21 14954875 2023-06-21 14954875 core:OtherResidualIntangibleAssets 2024-11-30 14954875 core:LandBuildings 2023-06-21 14954875 core:LeaseholdImprovements 2023-06-21 14954875 core:PlantMachinery 2023-06-21 14954875 core:FurnitureFittings 2023-06-21 14954875 core:LandBuildings 2024-11-30 14954875 core:LeaseholdImprovements 2024-11-30 14954875 core:PlantMachinery 2024-11-30 14954875 core:FurnitureFittings 2024-11-30 14954875 core:CurrentFinancialInstruments 1 2024-11-30 14954875 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-11-30 14954875 core:RemainingRelatedParties core:Non-currentFinancialInstruments 2024-11-30 14954875 bus:OrdinaryShareClass1 2024-11-30 14954875 bus:OrdinaryShareClass2 2024-11-30 14954875 bus:OrdinaryShareClass3 2024-11-30 14954875 bus:OrdinaryShareClass4 2024-11-30 14954875 2023-06-22 2024-11-30 14954875 bus:FilletedAccounts 2023-06-22 2024-11-30 14954875 bus:SmallEntities 2023-06-22 2024-11-30 14954875 bus:AuditExemptWithAccountantsReport 2023-06-22 2024-11-30 14954875 bus:PrivateLimitedCompanyLtd 2023-06-22 2024-11-30 14954875 bus:Director1 2023-06-22 2024-11-30 14954875 bus:Director2 2023-06-22 2024-11-30 14954875 bus:Director3 2023-06-22 2024-11-30 14954875 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-06-22 2024-11-30 14954875 core:PlantMachinery core:TopRangeValue 2023-06-22 2024-11-30 14954875 core:FurnitureFittings core:TopRangeValue 2023-06-22 2024-11-30 14954875 core:OtherResidualIntangibleAssets 2023-06-22 2024-11-30 14954875 core:LandBuildings 2023-06-22 2024-11-30 14954875 core:LeaseholdImprovements 2023-06-22 2024-11-30 14954875 core:PlantMachinery 2023-06-22 2024-11-30 14954875 core:FurnitureFittings 2023-06-22 2024-11-30 14954875 core:Non-currentFinancialInstruments 2023-06-22 2024-11-30 14954875 bus:OrdinaryShareClass1 2023-06-22 2024-11-30 14954875 bus:OrdinaryShareClass2 2023-06-22 2024-11-30 14954875 bus:OrdinaryShareClass3 2023-06-22 2024-11-30 14954875 bus:OrdinaryShareClass4 2023-06-22 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14954875 (England and Wales)

OLD BURLINGTON SPIRIT LIMITED

Unaudited Financial Statements
For the financial period from 22 June 2023 to 30 November 2024
Pages for filing with the registrar

OLD BURLINGTON SPIRIT LIMITED

Unaudited Financial Statements

For the financial period from 22 June 2023 to 30 November 2024

Contents

OLD BURLINGTON SPIRIT LIMITED

BALANCE SHEET

As at 30 November 2024
OLD BURLINGTON SPIRIT LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 30.11.2024
£
Fixed assets
Intangible assets 3 1,738
Tangible assets 4 280,549
282,287
Current assets
Debtors 5 38,356
Cash at bank and in hand 959,431
997,787
Creditors: amounts falling due within one year 6 ( 24,346)
Net current assets 973,441
Total assets less current liabilities 1,255,728
Creditors: amounts falling due after more than one year 7 ( 1,353,074)
Net liabilities ( 97,346)
Capital and reserves
Called-up share capital 8 1,266
Profit and loss account ( 98,612 )
Total shareholders' deficit ( 97,346)

For the financial period ending 30 November 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 Old Burlington Spirit Limited (registered number: 14954875) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

D Kourkarskikh
Director
OLD BURLINGTON SPIRIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 June 2023 to 30 November 2024
OLD BURLINGTON SPIRIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 June 2023 to 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Old Burlington Spirit 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 2 Leman Street, London, United Kingdom, E1W 9US.

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 directors have assessed the Balance Sheet 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.

Reporting period length

The directors have elected to prepare these financial statements, which represent the company's first set of accounts, for 17 month 8 day period beginning from the date of incorporation of the company on 22 June 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Leasehold improvements depreciated over the life of the lease
Plant and machinery 5 years straight line
Fixtures and fittings 5 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.

Leases

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.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
22.06.2023 to
30.11.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 22 June 2023 0 0
Additions 1,830 1,830
At 30 November 2024 1,830 1,830
Accumulated amortisation
At 22 June 2023 0 0
Charge for the financial period 92 92
At 30 November 2024 92 92
Net book value
At 30 November 2024 1,738 1,738

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £ £
Cost
At 22 June 2023 0 0 0 0 0
Additions 16,233 189,849 17,196 70,200 293,478
At 30 November 2024 16,233 189,849 17,196 70,200 293,478
Accumulated depreciation
At 22 June 2023 0 0 0 0 0
Charge for the financial period 541 7,717 573 4,098 12,929
At 30 November 2024 541 7,717 573 4,098 12,929
Net book value
At 30 November 2024 15,692 182,132 16,623 66,102 280,549

5. Debtors

30.11.2024
£
Other debtors 38,356

6. Creditors: amounts falling due within one year

30.11.2024
£
Trade creditors 10,920
Amounts owed to connected companies 8,500
Amounts owed to related parties 126
Other creditors 4,800
24,346

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

30.11.2024
£
Amounts owed to related parties 1,208,074
Other creditors 145,000
1,353,074

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

8. Called-up share capital

30.11.2024
£
Allotted, called-up and fully-paid
40,000 Ordinary A shares of £ 0.01 each 400
25,000 Ordinary B shares of £ 0.01 each 250
35,000 Ordinary C shares of £ 0.01 each 350
26,620 Deferred ordinary shares of £ 0.01 each 266
1,266

On 22 June 2023 , the day of incorporation, 100 Ordinary shares of £1 each were issued and fully paid.

During the year, on 2 April 2024, 100 Ordinary shares of £1 each were subdivided into 10,000 Ordinary shares of £0.01 each.

During the year, on 2 April 2024, there was a change of share class name from 10,000 Ordinary shares to 10,000 Ordinary B shares.

During the year, on 2 April 2024, 40,000 Ordinary A shares of £0.01 each were issued and fully paid.

During the year, on 2 April 2024, 15,000 Ordinary B shares of £0.01 each were issued and fully paid.

During the year, on 2 April 2024, 35,000 Ordinary C shares of £0.01 each were issued and fully paid.

During the year, on 17 May 2024, 21,620 Deferred shares of £0.01 each were issued and fully paid.

During the year, on 3 September 2024, 5,000 Deferred shares of £0.01 were issued and fully paid.

9. Related party transactions

Transactions with the entity's directors

30.11.2024
£
Director 17,508

Advances

Interest was charged on the loan at a rate of 2.25%.