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Company No: 13119345 (England and Wales)

DART DEVELOPMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

DART DEVELOPMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

DART DEVELOPMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
DART DEVELOPMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 5,720 8,580
Investments 4 1 1,306,571
5,721 1,315,151
Current assets
Debtors 5 333,859 318,359
Cash at bank and in hand 256 73
334,115 318,432
Creditors: amounts falling due within one year 6 ( 52,340) ( 1,355,310)
Net current assets/(liabilities) 281,775 (1,036,878)
Total assets less current liabilities 287,496 278,273
Net assets 287,496 278,273
Capital and reserves
Called-up share capital 7 100 100
Share premium account 310,089 310,089
Profit and loss account ( 22,693 ) ( 31,916 )
Total shareholders' funds 287,496 278,273

For the financial year ending 31 January 2025 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 Dart Developments Ltd (registered number: 13119345) were approved and authorised for issue by the Board of Directors on 04 August 2025. They were signed on its behalf by:

W A Northmore
Director
DART DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
DART DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
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

Dart Developments 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 33 Pollards Way, Saltash, PL12 6UJ, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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 Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Vehicles 4 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.

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 Profit and Loss Account as described below.

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

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 February 2024 11,440 11,440
At 31 January 2025 11,440 11,440
Accumulated depreciation
At 01 February 2024 2,860 2,860
Charge for the financial year 2,860 2,860
At 31 January 2025 5,720 5,720
Net book value
At 31 January 2025 5,720 5,720
At 31 January 2024 8,580 8,580

4. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 February 2024 1,306,571
Impairment in value (1,306,570)
At 31 January 2025 1
Carrying value at 31 January 2025 1
Carrying value at 31 January 2024 1,306,571

5. Debtors

2025 2024
£ £
Amounts owed by Group undertakings 333,859 318,359

6. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to own subsidiaries 0 1,306,570
Amounts owed to directors 49,140 45,740
Accruals 3,200 3,000
52,340 1,355,310

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

As a Holding Company with wholly owned subsidiaries, the company has taken the advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.

Transactions with the entity's directors

2025 2024
£ £
Owed (to) / by the directors (49,140) (45,740)

No interest is charged on the balance and the full amount is repayable on demand.