Silverfin false false 31/12/2024 01/01/2024 31/12/2024 M J Betteridge 20/08/2024 D A Newlyn 20/08/2024 07/08/2023 31 July 2025 The principal activity of the Company during the financial year was that of a Holding Company. 01138937 2024-12-31 01138937 bus:Director1 2024-12-31 01138937 bus:Director2 2024-12-31 01138937 2023-12-31 01138937 core:CurrentFinancialInstruments 2024-12-31 01138937 core:CurrentFinancialInstruments 2023-12-31 01138937 core:Non-currentFinancialInstruments 2024-12-31 01138937 core:Non-currentFinancialInstruments 2023-12-31 01138937 core:ShareCapital 2024-12-31 01138937 core:ShareCapital 2023-12-31 01138937 core:RetainedEarningsAccumulatedLosses 2024-12-31 01138937 core:RetainedEarningsAccumulatedLosses 2023-12-31 01138937 core:OtherPropertyPlantEquipment 2023-12-31 01138937 core:OtherPropertyPlantEquipment 2024-12-31 01138937 core:CostValuation 2023-12-31 01138937 core:CostValuation 2024-12-31 01138937 bus:OrdinaryShareClass1 2024-12-31 01138937 2024-01-01 2024-12-31 01138937 bus:FilletedAccounts 2024-01-01 2024-12-31 01138937 bus:SmallEntities 2024-01-01 2024-12-31 01138937 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01138937 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01138937 bus:Director1 2024-01-01 2024-12-31 01138937 bus:Director2 2024-01-01 2024-12-31 01138937 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01138937 2023-01-01 2023-12-31 01138937 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 01138937 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01138937 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01138937 (England and Wales)

A.R. BETTERIDGE LIMITED

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

A.R. BETTERIDGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

A.R. BETTERIDGE LIMITED

BALANCE SHEET

As at 31 December 2024
A.R. BETTERIDGE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,511 3,293
Investments 4 100,000 100,000
102,511 103,293
Current assets
Debtors 5 4,757,805 4,676,603
Cash at bank and in hand 371,333 374,405
5,129,138 5,051,008
Creditors: amounts falling due within one year 6 ( 574,196) ( 615,889)
Net current assets 4,554,942 4,435,119
Total assets less current liabilities 4,657,453 4,538,412
Creditors: amounts falling due after more than one year 7 ( 4,650,000) ( 4,500,000)
Net assets 7,453 38,412
Capital and reserves
Called-up share capital 8 3,000 3,000
Profit and loss account 4,453 35,412
Total shareholder's funds 7,453 38,412

For the financial year ending 31 December 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 A.R. Betteridge Limited (registered number: 01138937) were approved and authorised for issue by the Director on 31 July 2025. They were signed on its behalf by:

M J Betteridge
Director
A.R. BETTERIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
A.R. BETTERIDGE 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

A.R. Betteridge 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 Nexus House, 2 Cray Road, Sidcup, DA14 5DA, 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

After reviewing the company's forecasts and projections, the director have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Plant and machinery etc. 20 % reducing balance

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.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the asset have been affected.

2. Employees

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

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 16,955 16,955
At 31 December 2024 16,955 16,955
Accumulated depreciation
At 01 January 2024 13,662 13,662
Charge for the financial year 782 782
At 31 December 2024 14,444 14,444
Net book value
At 31 December 2024 2,511 2,511
At 31 December 2023 3,293 3,293

4. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 100,000 100,000

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 100,000
At 31 December 2024 100,000
Carrying value at 31 December 2024 100,000
Carrying value at 31 December 2023 100,000

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 4,757,475 4,676,603
Other debtors 330 0
4,757,805 4,676,603

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,321 623
Corporation tax 0 41,558
Other taxation and social security 0 177
Other creditors 567,875 573,531
574,196 615,889

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 4,650,000 4,500,000

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
3,000 Ordinary shares of £ 1.00 each 3,000 3,000

9. Related party transactions

Other related party transactions

2024 2023
£ £
Shareholder loan 5,180,000 5,030,000
Other related parties 37,246 87,246

Loans from related parties are subject to interest, loans are provided without security.