Silverfin false false 31/10/2024 01/11/2023 31/10/2024 C Gompels 24/03/2014 S J Gompels 24/03/2014 28 July 2025 The principal activity of the company during the financial year was financial management. 08954387 2024-10-31 08954387 bus:Director1 2024-10-31 08954387 bus:Director2 2024-10-31 08954387 2023-10-31 08954387 core:CurrentFinancialInstruments 2024-10-31 08954387 core:CurrentFinancialInstruments 2023-10-31 08954387 core:Non-currentFinancialInstruments 2024-10-31 08954387 core:Non-currentFinancialInstruments 2023-10-31 08954387 core:ShareCapital 2024-10-31 08954387 core:ShareCapital 2023-10-31 08954387 core:RetainedEarningsAccumulatedLosses 2024-10-31 08954387 core:RetainedEarningsAccumulatedLosses 2023-10-31 08954387 core:OtherResidualIntangibleAssets 2023-10-31 08954387 core:OtherResidualIntangibleAssets 2024-10-31 08954387 core:CostValuation 2023-10-31 08954387 core:AdditionsToInvestments 2024-10-31 08954387 core:DisposalsRepaymentsInvestments 2024-10-31 08954387 core:RevaluationsIncreaseDecreaseInInvestments 2024-10-31 08954387 core:CostValuation 2024-10-31 08954387 2023-11-01 2024-10-31 08954387 bus:AbridgedAccounts 2023-11-01 2024-10-31 08954387 bus:SmallEntities 2023-11-01 2024-10-31 08954387 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08954387 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08954387 bus:Director1 2023-11-01 2024-10-31 08954387 bus:Director2 2023-11-01 2024-10-31 08954387 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-11-01 2024-10-31 08954387 2022-11-01 2023-10-31 08954387 core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 08954387 (England and Wales)

GO IN FOUR LIMITED

Abridged Unaudited Financial Statements
For the financial year ended 31 October 2024

GO IN FOUR LIMITED

Abridged Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

GO IN FOUR LIMITED

BALANCE SHEET

As at 31 October 2024
GO IN FOUR LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 18,000,000 21,000,000
Investments 4 2,732,374 27,236,263
20,732,374 48,236,263
Current assets
Debtors 26,119,089 2,096,715
Investments 6,239,981 6,891,207
Cash at bank and in hand 364,481 2,598,990
32,723,551 11,586,912
Creditors: amounts falling due within one year ( 41,153,295) ( 43,912,649)
Net current liabilities (8,429,744) (32,325,737)
Total assets less current liabilities 12,302,630 15,910,526
Creditors: amounts falling due after more than one year ( 17,728,752) ( 21,373,817)
Net liabilities ( 5,426,122) ( 5,463,291)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 5,426,123 ) ( 5,463,292 )
Total shareholders' deficit ( 5,426,122) ( 5,463,291)

For the financial year ending 31 October 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 Go In Four Limited (registered number: 08954387) were approved and authorised for issue by the Board of Directors on 28 July 2025. They were signed on its behalf by:

S J Gompels
Director
GO IN FOUR LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
GO IN FOUR LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Go In Four 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 1 Swift Way, Bowerhill, Melksham, SN12 6GX, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £8,429,744. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met 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.

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 Statement of Income and Retained Earnings 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.

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).

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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
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 Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

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

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 November 2023 30,213,926 30,213,926
Disposals ( 213,926) ( 213,926)
At 31 October 2024 30,000,000 30,000,000
Accumulated amortisation
At 01 November 2023 9,213,926 9,213,926
Charge for the financial year 3,000,000 3,000,000
Disposals ( 213,926) ( 213,926)
At 31 October 2024 12,000,000 12,000,000
Net book value
At 31 October 2024 18,000,000 18,000,000
At 31 October 2023 21,000,000 21,000,000

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 27,236,263 27,236,263
Additions 2,408,925 2,408,925
Disposals ( 29,767,489) ( 29,767,489)
Movement in fair value 2,854,675 2,854,675
At 31 October 2024 2,732,374 2,732,374
Carrying value at 31 October 2024 2,732,374 2,732,374
Carrying value at 31 October 2023 27,236,263 27,236,263

5. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 17,728,752 21,373,817

In the year ended 31 October 2021 the company acquired intellectual property from S J Gompels (a company director) for £30 million. This is included as an intangible asset on the balance sheet and is being amortised over 10 years. As a result, the company owes S J Gompels £17.7 million (2023: £21.4 million) and this is included within creditors on the balance sheet. Interest has not been charged and there is no fixed date for repayment of the loan.