Silverfin false false 31/12/2024 01/01/2024 31/12/2024 S M C Kelland 25/08/1992 17 July 2025 The principal activity of the Company during the financial year was that of a holding company. 02718760 2024-12-31 02718760 bus:Director1 2024-12-31 02718760 2023-12-31 02718760 core:CurrentFinancialInstruments 2024-12-31 02718760 core:CurrentFinancialInstruments 2023-12-31 02718760 core:ShareCapital 2024-12-31 02718760 core:ShareCapital 2023-12-31 02718760 core:RetainedEarningsAccumulatedLosses 2024-12-31 02718760 core:RetainedEarningsAccumulatedLosses 2023-12-31 02718760 core:CostValuation 2023-12-31 02718760 core:CostValuation 2024-12-31 02718760 core:DisposalsRepaymentsInvestments 2024-12-31 02718760 core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 02718760 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 02718760 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 02718760 core:ListedExchangeTraded core:WithinOneYear 2024-12-31 02718760 core:ListedExchangeTraded core:WithinOneYear 2023-12-31 02718760 2024-01-01 2024-12-31 02718760 bus:FilletedAccounts 2024-01-01 2024-12-31 02718760 bus:SmallEntities 2024-01-01 2024-12-31 02718760 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02718760 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02718760 bus:Director1 2024-01-01 2024-12-31 02718760 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 02718760 (England and Wales)

KELLAND AND PARTNERS HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

KELLAND AND PARTNERS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

KELLAND AND PARTNERS HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2024
KELLAND AND PARTNERS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 268,752 250,001
268,752 250,001
Current assets
Debtors 4 1,483,681 1,527,832
Investments 5 423,818 0
Cash at bank and in hand 342,287 0
2,249,786 1,527,832
Creditors: amounts falling due within one year 6 ( 25,639) 0
Net current assets 2,224,147 1,527,832
Total assets less current liabilities 2,492,899 1,777,833
Net assets 2,492,899 1,777,833
Capital and reserves
Called-up share capital 202 202
Profit and loss account 2,492,697 1,777,631
Total shareholders' funds 2,492,899 1,777,833

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.

Director's responsibilities:

The financial statements of Kelland and Partners Holdings Limited (registered number: 02718760) were approved and authorised for issue by the Director on 17 July 2025. They were signed on its behalf by:

S M C Kelland
Director
KELLAND AND PARTNERS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
KELLAND AND PARTNERS HOLDINGS 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

Kelland and Partners Holdings 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 Kellands House Quays Office Park, Conference Avenue, Portishead, BS20 7LZ, 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.

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.

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).

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

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.

Taxation

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 1
At 31 December 2024 1
Carrying value at 31 December 2024 1
Carrying value at 31 December 2023 1

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 250,000 250,000
Disposals ( 132,342) ( 132,342)
Movement in fair value 151,093 151,093
At 31 December 2024 268,751 268,751
Carrying value at 31 December 2024 268,751 268,751
Carrying value at 31 December 2023 250,000 250,000

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 1,483,681 1,515,433
Amounts owed by Parent undertakings 0 12,382
Other debtors 0 17
1,483,681 1,527,832

Amounts owed by group undertakings are repayable on demand and do not bear interest.

5. Current asset investments

2024 2023
£ £
Listed investments – at fair value 423,818 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 25,639 0