Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr Kenneth Arnold 27/02/2021 26 June 2025 no description of principal activity 13231579 2025-03-31 13231579 bus:Director1 2025-03-31 13231579 2024-03-31 13231579 core:CurrentFinancialInstruments 2025-03-31 13231579 core:CurrentFinancialInstruments 2024-03-31 13231579 core:ShareCapital 2025-03-31 13231579 core:ShareCapital 2024-03-31 13231579 core:RetainedEarningsAccumulatedLosses 2025-03-31 13231579 core:RetainedEarningsAccumulatedLosses 2024-03-31 13231579 bus:OrdinaryShareClass1 2025-03-31 13231579 2024-04-01 2025-03-31 13231579 bus:FilletedAccounts 2024-04-01 2025-03-31 13231579 bus:SmallEntities 2024-04-01 2025-03-31 13231579 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13231579 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13231579 bus:Director1 2024-04-01 2025-03-31 13231579 2023-04-01 2024-03-31 13231579 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13231579 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13231579 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13231579 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 13231579 1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13231579 (England and Wales)

WEST 28TH CAPITAL LIMITED

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

WEST 28TH CAPITAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

WEST 28TH CAPITAL LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
WEST 28TH CAPITAL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
Director Mr Kenneth Arnold
Registered office 124 City Road
London
EC1V 2NX
United Kingdom
Company number 13231579 (England and Wales)
Chartered accountants Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E1 6RA
WEST 28TH CAPITAL LIMITED

BALANCE SHEET

As at 31 March 2025
WEST 28TH CAPITAL LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Current assets
Stocks 0 1,519,866
Cash at bank and in hand 3 141 696,823
141 2,216,689
Creditors: amounts falling due within one year 4 0 ( 2,491,682)
Net current assets/(liabilities) 141 (274,993)
Total assets less current liabilities 141 (274,993)
Net assets/(liabilities) 141 ( 274,993)
Capital and reserves
Called-up share capital 5 401 401
Profit and loss account ( 260 ) ( 275,394 )
Total shareholder's funds/(deficit) 141 ( 274,993)

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.

Director's responsibilities:

The financial statements of West 28th Capital Limited (registered number: 13231579) were approved and authorised for issue by the Director on 26 June 2025. They were signed on its behalf by:

Mr Kenneth Arnold
Director
WEST 28TH CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
WEST 28TH CAPITAL LIMITED

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

West 28th Capital 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 124 City Road, London, EC1V 2NX, United Kingdom. The principal activity of the company during the period continued to be that of financial intermediation.

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 company ceased to trade on 31st March 2025. The principal activity of the company since cessation is that of a dormant company.

Foreign currency

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised in the period in which the claim is realized and when the significant risks and rewards of ownership have been substantially transferred.

Finance costs

Finance costs are charged to the Profit and Loss Account 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is based on the cost of purchase including any claim costs.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

2. Employees

2025 2024
Number Number
Director 1 1

3. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 141 696,823

4. Creditors: amounts falling due within one year

2025 2024
£ £
Other creditors 0 2,491,682

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
401 ordinary shares of £ 1.00 each (2024: 400 shares of £ 1.00 each) 401 400
Nil preference shares (2024: 100 shares of £ 0.01 each) 0 1
401 401

6. Ultimate controlling party

The company is controlled by West 28th Street Limited, which own 100% of the issued Ordinary share capital.