Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr S Geddes-Moody 16/12/2019 Mr J J O'Hara 16/12/2019 11 July 2025 The principal activity of the company is that of a holding company. SC649730 2024-12-31 SC649730 bus:Director1 2024-12-31 SC649730 bus:Director2 2024-12-31 SC649730 2023-12-31 SC649730 core:CurrentFinancialInstruments 2024-12-31 SC649730 core:CurrentFinancialInstruments 2023-12-31 SC649730 core:ShareCapital 2024-12-31 SC649730 core:ShareCapital 2023-12-31 SC649730 core:CostValuation 2023-12-31 SC649730 core:CostValuation 2024-12-31 SC649730 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-12-31 SC649730 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-12-31 SC649730 bus:OrdinaryShareClass1 2024-12-31 SC649730 2024-01-01 2024-12-31 SC649730 bus:FilletedAccounts 2024-01-01 2024-12-31 SC649730 bus:SmallEntities 2024-01-01 2024-12-31 SC649730 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC649730 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC649730 bus:Director1 2024-01-01 2024-12-31 SC649730 bus:Director2 2024-01-01 2024-12-31 SC649730 2023-01-01 2023-12-31 SC649730 core:Subsidiary1 2024-01-01 2024-12-31 SC649730 core:Subsidiary1 1 2024-01-01 2024-12-31 SC649730 core:Subsidiary1 1 2023-01-01 2023-12-31 SC649730 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC649730 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: SC649730 (Scotland)

GOAM HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

GOAM HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

GOAM HOLDINGS LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024
GOAM HOLDINGS LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 100 100
100 100
Current assets
Debtors 4 102 102
102 102
Creditors: amounts falling due within one year 5 ( 100) ( 100)
Net current assets 2 2
Total assets less current liabilities 102 102
Net assets 102 102
Capital and reserves
Called-up share capital 6 102 102
Total shareholders' funds 102 102

For the financial year ending 31 December 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 GOAM Holdings Ltd (registered number: SC649730) were approved and authorised for issue by the Board of Directors on 11 July 2025. They were signed on its behalf by:

Mr S Geddes-Moody
Director
GOAM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
GOAM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

GOAM 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 Scotland. The address of the Company's registered office is Pavilion 3 12 Marchburn Drive, Paisley, PA3 2SJ, Scotland, 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 £.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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 liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 100
At 31 December 2024 100
Carrying value at 31 December 2024 100
Carrying value at 31 December 2023 100

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2024
Ownership
31.12.2023
GOAM Property Ltd Pavilion 3, 12 Marchburn Drive, Paisley, PA3 2SJ, United Kingdom Property letting Ordinary 100.00% 100.00%

4. Debtors

2024 2023
£ £
Other debtors 102 102

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 100 100

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
102 Ordinary shares of £ 1.00 each 102 102