Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Julie Corbett 01/10/2020 Bruce Walker 01/10/2020 16 July 2025 The principal activity of the Company during the financial period continued to be that of making investments for long term capital appreciation. SC676184 2024-12-31 SC676184 bus:Director1 2024-12-31 SC676184 bus:Director2 2024-12-31 SC676184 2023-12-31 SC676184 core:CurrentFinancialInstruments 2024-12-31 SC676184 core:CurrentFinancialInstruments 2023-12-31 SC676184 core:ShareCapital 2024-12-31 SC676184 core:ShareCapital 2023-12-31 SC676184 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC676184 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC676184 core:CostValuation 2023-12-31 SC676184 core:AdditionsToInvestments 2024-12-31 SC676184 core:DisposalsRepaymentsInvestments 2024-12-31 SC676184 core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 SC676184 core:CostValuation 2024-12-31 SC676184 bus:OrdinaryShareClass1 2024-12-31 SC676184 2024-01-01 2024-12-31 SC676184 bus:FilletedAccounts 2024-01-01 2024-12-31 SC676184 bus:SmallEntities 2024-01-01 2024-12-31 SC676184 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC676184 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC676184 bus:Director1 2024-01-01 2024-12-31 SC676184 bus:Director2 2024-01-01 2024-12-31 SC676184 2023-01-01 2023-12-31 SC676184 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC676184 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC676184 (Scotland)

NADARRA LIMITED

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

NADARRA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

NADARRA LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
NADARRA LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 17,396,169 15,048,440
17,396,169 15,048,440
Current assets
Stocks 0 700,766
Debtors 4 0 3,971
Cash at bank and in hand 702,162 283,986
702,162 988,723
Creditors: amounts falling due within one year 5 ( 15,032,195) ( 15,026,679)
Net current liabilities (14,330,033) (14,037,956)
Total assets less current liabilities 3,066,136 1,010,484
Provision for liabilities ( 645,388) ( 225,288)
Net assets 2,420,748 785,196
Capital and reserves
Called-up share capital 6 10 10
Profit and loss account 2,420,738 785,186
Total shareholders' funds 2,420,748 785,196

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 Nadarra Limited (registered number: SC676184) were approved and authorised for issue by the Board of Directors on 16 July 2025. They were signed on its behalf by:

Bruce Walker
Director
NADARRA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
NADARRA LIMITED

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

Nadarra Limited (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 C/O Shepherd & Wedderburn Llp, 9 Haymarket Square, Edinburgh, EH3 8FY, 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 £.

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 Profit and Loss Account 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.

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 sale of goods is recognised when the goods are physically delivered to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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 Balance Sheet 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.

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.

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.

Stocks

Stock represents work in progress and is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

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 and other short-term liquid investments.

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 measured at transaction price including transaction costs. 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, are 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year 0 0

3. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 January 2024 13,054,514 1,993,926 15,048,440
Additions 2,240,760 896,950 3,137,710
Disposals ( 2,459,649) 0 ( 2,459,649)
Movement in fair value 1,677,941 ( 8,273) 1,669,668
At 31 December 2024 14,513,566 2,882,603 17,396,169
Carrying value at 31 December 2024 14,513,566 2,882,603 17,396,169
Carrying value at 31 December 2023 13,054,514 1,993,926 15,048,440

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. Other investments are held at cost less impairment because their fair value cannot be measured reliably.

4. Debtors

2024 2023
£ £
Accrued income 0 2,707
Other debtors 0 1,264
0 3,971

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 15,000,438 15,000,108
Accruals 31,757 26,571
15,032,195 15,026,679

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 0.01 each 10 10

7. Related party transactions

Other related party transactions

2024 2023
£ £
Key management personnel (15,000,438) (15,000,108)

The loan is interest free, unsecured and repayable on demand.