Silverfin false true 31/12/2024 01/01/2024 31/12/2024 K Cambray 15/07/2024 J T McGonagle 15/04/2024 L Morton 12/04/2025 C Naples 11/04/2025 15/04/2024 29 July 2025 The principal activity is that of a investment holding company. 02374256 2024-12-31 02374256 bus:Director1 2024-12-31 02374256 bus:Director2 2024-12-31 02374256 bus:Director3 2024-12-31 02374256 bus:Director4 2024-12-31 02374256 core:CurrentFinancialInstruments 2024-12-31 02374256 core:CurrentFinancialInstruments 2023-12-31 02374256 2023-12-31 02374256 core:ShareCapital 2024-12-31 02374256 core:ShareCapital 2023-12-31 02374256 core:SharePremium 2024-12-31 02374256 core:SharePremium 2023-12-31 02374256 core:OtherCapitalReserve 2024-12-31 02374256 core:OtherCapitalReserve 2023-12-31 02374256 core:RetainedEarningsAccumulatedLosses 2024-12-31 02374256 core:RetainedEarningsAccumulatedLosses 2023-12-31 02374256 core:CostValuation 2023-12-31 02374256 core:CostValuation 2024-12-31 02374256 core:ProvisionsForImpairmentInvestments 2023-12-31 02374256 core:ProvisionsForImpairmentInvestments 2024-12-31 02374256 bus:OrdinaryShareClass1 2024-12-31 02374256 bus:PreferenceShareClass1 2024-12-31 02374256 2024-01-01 2024-12-31 02374256 bus:FilletedAccounts 2024-01-01 2024-12-31 02374256 bus:SmallEntities 2024-01-01 2024-12-31 02374256 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02374256 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02374256 bus:Director1 2024-01-01 2024-12-31 02374256 bus:Director2 2024-01-01 2024-12-31 02374256 bus:Director3 2024-01-01 2024-12-31 02374256 bus:Director4 2024-01-01 2024-12-31 02374256 2023-01-01 2023-12-31 02374256 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02374256 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02374256 bus:PreferenceShareClass1 2024-01-01 2024-12-31 02374256 bus:PreferenceShareClass1 2023-01-01 2023-12-31 02374256 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02374256 (England and Wales)

INVALUABLE GROUP LIMITED

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

INVALUABLE GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

INVALUABLE GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
INVALUABLE GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors K Cambray (Resigned 15 July 2024)
J T McGonagle (Appointed 15 April 2024)
L Morton (Appointed 12 April 2025)
C Naples (Appointed 15 April 2024, Resigned 11 April 2025)
Registered office Mill Court
Furrlongs
Newport
Isle Of Wight
PO30 2AA
United Kingdom
Company number 02374256 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E1 6RA
INVALUABLE GROUP LIMITED

BALANCE SHEET

As at 31 December 2024
INVALUABLE GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 5 823,090 823,090
823,090 823,090
Creditors: amounts falling due within one year 6 ( 66,622) ( 66,622)
Net current assets 756,468 756,468
Total assets less current liabilities 756,468 756,468
Net assets 756,468 756,468
Capital and reserves
Called-up share capital 7 4,735,550 4,735,550
Share premium account 11,082,799 11,082,799
Other reserves 2,960,931 2,960,931
Profit and loss account ( 18,022,812 ) ( 18,022,812 )
Total shareholders' funds 756,468 756,468

Invaluable Group Limited (registered number: 02374256) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Invaluable Group Limited (registered number: 02374256) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

J T McGonagle
Director
INVALUABLE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
INVALUABLE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Invaluable Group Limited is a private company, limited by shares, incorporated under Companies Act 2006 and incorporated and domiciled in England. The address of its registered office and principal place of business is Mill Court, Furrlongs, Newport, Isle of Wight, PO30 2AA. The principal activity is that of a investment holding company. The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

The estimate and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Valuation of investments

Determining whether investments require impairment requires an estimation of the value in use of each subsidiary. The value in use calculation requries an estimation of the future profitability expected to arise from each subsidiary and a suitable discount rate to calculate present value. The fixed asset investment has been impaired by £12,218,344 (2023: £12,218,344).

Bad debt provision

The directors make judgements based on experience on the level of provision required to account for potential unpaid receivables. At the balance sheet date, the company has recognised no bad debt provision in the current or prior year in respect of unpaid receivables in Note 5.

3. Employees

2024 2023
Number Number
The Company has no employees other than the directors, who did not receive any remuneration 0 0

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 12,218,344
At 31 December 2024 12,218,344
Provisions for impairment
At 01 January 2024 12,218,344
At 31 December 2024 12,218,344
Carrying value at 31 December 2024 0
Carrying value at 31 December 2023 0

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 823,090 823,090

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 66,622 66,622

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
374,235 ordinary shares of £ 1.00 each 374,235 374,235
4,361,315 preference shares of £ 1.00 each 4,361,315 4,361,315
4,735,550 4,735,550

8. Related party transactions

The company has taken advantage of the exemptions conferred by Section 33.1A of FRS 102 not to disclose transactions between other members of the group.

Artfact UK LLC, the immediate parent company, is bearing the cost of the audit and accountancy fees of the company.

9. Ultimate controlling party

The company's immediate parent undertaking is Artfact UK LLC, a limited liability company, registered in the USA. The parent company's registered office address is 38 Everett Street, Suite 101, Allston Ma, 02134, United States. The ultimate controlling party is Auction Holdings, Inc., a company registered in the United States of America.