Silverfin false false 31/10/2024 01/11/2023 31/10/2024 M G Andrade 31/10/2021 K A Sax 29/01/2024 28 July 2025 The principal activity of the company during the financial year was that of management consultancy activities. 13713612 2024-10-31 13713612 bus:Director1 2024-10-31 13713612 bus:Director2 2024-10-31 13713612 2023-10-31 13713612 core:CurrentFinancialInstruments 2024-10-31 13713612 core:CurrentFinancialInstruments 2023-10-31 13713612 core:ShareCapital 2024-10-31 13713612 core:ShareCapital 2023-10-31 13713612 core:RetainedEarningsAccumulatedLosses 2024-10-31 13713612 core:RetainedEarningsAccumulatedLosses 2023-10-31 13713612 core:Vehicles 2023-10-31 13713612 core:FurnitureFittings 2023-10-31 13713612 core:OfficeEquipment 2023-10-31 13713612 core:Vehicles 2024-10-31 13713612 core:FurnitureFittings 2024-10-31 13713612 core:OfficeEquipment 2024-10-31 13713612 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-10-31 13713612 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-10-31 13713612 bus:OrdinaryShareClass1 2024-10-31 13713612 2023-11-01 2024-10-31 13713612 bus:FilletedAccounts 2023-11-01 2024-10-31 13713612 bus:SmallEntities 2023-11-01 2024-10-31 13713612 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13713612 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13713612 bus:Director1 2023-11-01 2024-10-31 13713612 bus:Director2 2023-11-01 2024-10-31 13713612 core:Vehicles core:TopRangeValue 2023-11-01 2024-10-31 13713612 core:OfficeEquipment core:TopRangeValue 2023-11-01 2024-10-31 13713612 2022-11-01 2023-10-31 13713612 core:Vehicles 2023-11-01 2024-10-31 13713612 core:FurnitureFittings 2023-11-01 2024-10-31 13713612 core:OfficeEquipment 2023-11-01 2024-10-31 13713612 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 13713612 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13713612 (England and Wales)

MAVRIL SOLUTIONS LTD

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

MAVRIL SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

MAVRIL SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 October 2024
MAVRIL SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 91,580 3,487
Investment property 4 1,048,650 0
Investments 65,000 65,000
1,205,230 68,487
Current assets
Debtors 5 145,866 7,250
Cash at bank and in hand 326,848 2,792
472,714 10,042
Creditors: amounts falling due within one year 6 ( 996,087) ( 46,810)
Net current liabilities (523,373) (36,768)
Total assets less current liabilities 681,857 31,719
Net assets 681,857 31,719
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 681,856 31,718
Total shareholder's funds 681,857 31,719

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 Mavril Solutions Ltd (registered number: 13713612) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M G Andrade
Director

28 July 2025

MAVRIL SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
MAVRIL SOLUTIONS LTD

NOTES TO THE 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

Mavril Solutions Ltd (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 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

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.

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 Statement of Financial Position date.

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:

Vehicles 10 years straight line
Fixtures and fittings
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention 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 Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

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 2 1

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 November 2023 0 0 6,342 6,342
Additions 65,863 20,000 4,864 90,727
At 31 October 2024 65,863 20,000 11,206 97,069
Accumulated depreciation
At 01 November 2023 0 0 2,855 2,855
Charge for the financial year 0 0 2,634 2,634
At 31 October 2024 0 0 5,489 5,489
Net book value
At 31 October 2024 65,863 20,000 5,717 91,580
At 31 October 2023 0 0 3,487 3,487

4. Investment property

Investment property
£
Valuation
As at 01 November 2023 0
Additions 1,048,650
As at 31 October 2024 1,048,650

5. Debtors

2024 2023
£ £
Trade debtors 145,866 0
Corporation tax 0 6,810
Other debtors 0 440
145,866 7,250

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 76,025 0
Amounts owed to related parties 4,940 1,340
Taxation and social security 478,132 0
Other creditors 436,990 45,470
996,087 46,810

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed to companies in which directors have a participating interest. 4,940 0