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Company No: 14889237 (England and Wales)

STRONGARM DINING HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 23 May 2023 to 31 May 2024
Pages for filing with the registrar

STRONGARM DINING HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 23 May 2023 to 31 May 2024

Contents

STRONGARM DINING HOLDINGS LIMITED

BALANCE SHEET

As at 31 May 2024
STRONGARM DINING HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.2024
£
Current assets
Debtors
- due within one year 3 3,322,594
- due after more than one year 3 190,275
Investments 2
Cash at bank and in hand 18,391
3,531,262
Creditors: amounts falling due within one year 4 ( 250,988)
Net current assets 3,280,274
Total assets less current liabilities 3,280,274
Net assets 3,280,274
Capital and reserves
Called-up share capital 5 890
Share premium account 3,279,384
Total shareholders' funds 3,280,274

For the financial period ending 31 May 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 Strongarm Dining Holdings Limited (registered number: 14889237) were approved and authorised for issue by the Director on 23 May 2025. They were signed on its behalf by:

A Grant
Director
STRONGARM DINING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 May 2023 to 31 May 2024
STRONGARM DINING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 May 2023 to 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Strongarm Dining 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 19 Berkeley Street, Fifth Floor, London, W1J 8ED, 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 £.

Reporting period length

The director has elected to prepare these financial statements, which represent the company’s first set of accounts, for a 12 month 9 day period beginning from the date of incorporation of the company on 23 May 2023.

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.

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 assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 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, bank loans, loans from fellow group companies and preference shares 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.

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. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Period from
23.05.2023 to
31.05.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Debtors

31.05.2024
£
Debtors: amounts falling due within one year
Amounts owed by own subsidiaries 3,322,594
Debtors: amounts falling due after more than one year
Other debtors 190,275

4. Creditors: amounts falling due within one year

31.05.2024
£
Amounts owed to related parties 50,000
Other creditors 200,988
250,988

5. Called-up share capital

31.05.2024
£
Allotted, called-up and fully-paid
850 Ordinary shares of £ 1.00 each 850
40 A Ordinary shares of £ 1.00 each 40
890

On 23 May 2023, the day of incorporation, 1 Ordinary share of £1 each was issued and allotted.

During the year, on 2 June 2023, 274 Ordinary shares of £1 each were issued and allotted.

During the year, on 30 June 2023, 95 Ordinary shares of £1 each were issued and allotted at a premium of £900,000 for a cash consideration.

During the year, on 19 September 2023, 43 Ordinary shares of £1 each were issued and allotted at a premium of £250,000 for a cash consideration.

During the year, on 19 December 2023, 31 Ordinary shares of £1 each were issued and allotted at a premium of £183,333 for a cash consideration.

During the year, on 28 December 2023, 105 Ordinary shares of £1 each were issued and allotted at a premium of £283,333 for a cash consideration.

During the year, on 15 January 2024, 74 Ordinary shares of £1 each were issued and allotted at a premium of £433,333 for a cash consideration.

During the year, on 12 March 2024, 86 Ordinary shares of £1 each were issued and allotted at a premium of £500,000 for a cash consideration.

During the year, on 25 March 2024, 86 Ordinary shares of £1 each were issued and allotted at a premium of £500,000 for a cash consideration.

During the year, on 27 March 2024, 55 Ordinary shares of £1 each were issued and allotted at a premium of £150,000 for a cash consideration.

During the year, on 30 May 2024, 40 A Ordinary shares of £1 each were issued and allotted at a premium of £80,000 for a cash consideration.