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Company No: 04301381 (England and Wales)

HUNGRY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

HUNGRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

HUNGRY LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
HUNGRY LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
DIRECTORS S H White
R H White
SECRETARY IWhite
REGISTERED OFFICE 19 Cedar Road
Sutton
United Kingdom
COMPANY NUMBER 04301381 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
SM2 5DA
HUNGRY LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025
HUNGRY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Investments 5 227,413 227,413
227,413 227,413
Current assets
Debtors 6 110 110
Cash at bank and in hand 7 905 1,761
1,015 1,871
Creditors: amounts falling due within one year 8 ( 127,455) ( 127,262)
Net current liabilities (126,440) (125,391)
Total assets less current liabilities 100,973 102,022
Net assets 100,973 102,022
Capital and reserves
Called-up share capital 9 110 110
Share premium account 190 190
Profit and loss account 100,673 101,722
Total shareholders' funds 100,973 102,022

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.

Directors' responsibilities:

The financial statements of HUNGRY LIMITED (registered number: 04301381) were approved and authorised for issue by the Board of Directors on 25 June 2025. They were signed on its behalf by:

R H White
Director
HUNGRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
HUNGRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

General information and basis of accounting

Hungry Limited (the Company) is a private company limited by shares capital incorporated in England and Wales under the Companies Act . The address of the registered office is given on page 1. The nature of the company's operations and its principal activities are set out in the directors' report on page 2.

Going concern

The directors have assessed the Statement of Financial Position 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates
and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investments

Investments in subsidiary undertakings are recognised at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Receivables

Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

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:

Plant and machinery 5 - 5 years straight line
Computer equipment 3 - 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

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.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

4. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 April 2024 3,259 1,620 4,879
At 31 March 2025 3,259 1,620 4,879
Accumulated depreciation
At 01 April 2024 3,259 1,620 4,879
At 31 March 2025 3,259 1,620 4,879
Net book value
At 31 March 2025 0 0 0
At 31 March 2024 0 0 0

5. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 227,413
At 31 March 2025 227,413
Provisions for impairment
At 01 April 2024 227,413
At 31 March 2025 227,413
Carrying value at 31 March 2025 0
Carrying value at 31 March 2024 0

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

The country of incorporation is England and the holding proportion of voting rights and shares held 100% (100 ordinary shares of £1 each).

Subsidiary undertakings :
Service Crew Limited
Salatin House
19 Cedar Road
Sutton Surrey SM25DA

6. Debtors

2025 2024
£ £
Other debtors 110 110

7. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 905 1,761

8. Creditors: amounts falling due within one year

2025 2024
£ £
Other loans 42,800 42,800
Accruals 3,341 3,280
Other taxation and social security 114 ( 18)
Other creditors 81,200 81,200
127,455 127,262

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100
10 B ordinary shares of £ 1.00 each 10 10
110 110

10. Related party transactions

Managed Operations AI Limited is a company under common control. At year end, the company owed Managed Operations AI Limited £42,800 (2024 -£42,800). The company owes £81,200 (2024:£81,200) to its subsidiary, Service Crew Limited.This loan is interest free - unsecured and has no fixed repayment date.