Silverfin false false 31/07/2024 01/08/2023 31/07/2024 A J E Rae 25 July 2025 no description of principal activity 10740301 2024-07-31 10740301 2023-07-31 10740301 core:CurrentFinancialInstruments 2024-07-31 10740301 core:CurrentFinancialInstruments 2023-07-31 10740301 core:ShareCapital 2024-07-31 10740301 core:ShareCapital 2023-07-31 10740301 core:RetainedEarningsAccumulatedLosses 2024-07-31 10740301 core:RetainedEarningsAccumulatedLosses 2023-07-31 10740301 core:CostValuation 2023-07-31 10740301 core:CostValuation 2024-07-31 10740301 2022-07-31 10740301 2023-08-01 2024-07-31 10740301 bus:FilletedAccounts 2023-08-01 2024-07-31 10740301 bus:SmallEntities 2023-08-01 2024-07-31 10740301 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10740301 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10740301 bus:Director1 2023-08-01 2024-07-31 10740301 2022-08-01 2023-07-31 10740301 1 2023-08-01 2024-07-31 10740301 1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 10740301 (England and Wales)

EXCHANGE ARCADE LIMITED

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

EXCHANGE ARCADE LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

EXCHANGE ARCADE LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
EXCHANGE ARCADE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR A J E Rae
REGISTERED OFFICE 45 Gresham Street
London
EC2V 7BG
United Kingdom
COMPANY NUMBER 10740301 (England and Wales)
ACCOUNTANT S&W Partners LLP
Onslow House
Onslow Street
Guildford
GU1 4TL
EXCHANGE ARCADE LIMITED

BALANCE SHEET

As at 31 July 2024
EXCHANGE ARCADE LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 455,655 455,655
455,655 455,655
Current assets
Debtors 5 315 0
Cash at bank and in hand 74 74
389 74
Creditors: amounts falling due within one year 6 ( 444,517) ( 448,257)
Net current liabilities (444,128) (448,183)
Total assets less current liabilities 11,527 7,472
Net assets 11,527 7,472
Capital and reserves
Called-up share capital 100 100
Profit and loss account 11,427 7,372
Total shareholders' funds 11,527 7,472

For the financial year ending 31 July 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 Exchange Arcade Limited (registered number: 10740301) were approved and authorised for issue by the Director on 25 July 2025. They were signed on its behalf by:

A J E Rae
Director
EXCHANGE ARCADE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
EXCHANGE ARCADE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Exchange Arcade 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 45 Gresham Street, London, EC2V 7BG, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Exchange Arcade Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

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.

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

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.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

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.

2. Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made in the preparation of these accounts.

3. Employees

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

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 455,655
At 31 July 2024 455,655
Carrying value at 31 July 2024 455,655
Carrying value at 31 July 2023 455,655

5. Debtors

2024 2023
£ £
Deferred tax asset 315 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 0 53,151
Amounts owed to Group undertakings 427,517 378,106
Other creditors 17,000 17,000
444,517 448,257

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Timing differences 315 0
At the end of financial year 315 0

8. Related party transactions

Other related party transactions

The company has claimed exemption under paragraph 33.1A of FRS102 to not disclose any transactions with its wholly owned subsidiary.

Included in other creditors is £17,000 (2023: £17,000) due to a shareholder and spouse of the director of the company. This amount is interest free and repayable on demand.