Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Robert Humberstone 25/06/1991 05 August 2025 The principal activity of the company in the year under review was that of property management. 00560392 2024-12-31 00560392 bus:Director1 2024-12-31 00560392 2023-12-31 00560392 core:CurrentFinancialInstruments 2024-12-31 00560392 core:CurrentFinancialInstruments 2023-12-31 00560392 core:ShareCapital 2024-12-31 00560392 core:ShareCapital 2023-12-31 00560392 core:RevaluationReserve 2024-12-31 00560392 core:RevaluationReserve 2023-12-31 00560392 core:FurtherSpecificReserve3ComponentTotalEquity 2024-12-31 00560392 core:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 00560392 core:RetainedEarningsAccumulatedLosses 2024-12-31 00560392 core:RetainedEarningsAccumulatedLosses 2023-12-31 00560392 core:InvestmentPropertyIncludedWithinPPE 2023-12-31 00560392 core:FurnitureFittings 2023-12-31 00560392 core:InvestmentPropertyIncludedWithinPPE 2024-12-31 00560392 core:FurnitureFittings 2024-12-31 00560392 2022-12-31 00560392 bus:OrdinaryShareClass1 2024-12-31 00560392 2024-01-01 2024-12-31 00560392 bus:FilletedAccounts 2024-01-01 2024-12-31 00560392 bus:SmallEntities 2024-01-01 2024-12-31 00560392 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00560392 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00560392 bus:Director1 2024-01-01 2024-12-31 00560392 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 00560392 2023-01-01 2023-12-31 00560392 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 00560392 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00560392 (England and Wales)

E A HUMBERSTONE & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

E A HUMBERSTONE & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

E A HUMBERSTONE & CO LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
E A HUMBERSTONE & CO LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTOR Robert Humberstone
SECRETARY Robert Humberstone
REGISTERED OFFICE 6a Northney Lane
Northney
Hayling Island
Hampshire
PO11 0SE
United Kingdom
COMPANY NUMBER 00560392 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
E A HUMBERSTONE & CO LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
E A HUMBERSTONE & CO LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 575,000 575,000
575,000 575,000
Current assets
Debtors 4 218,433 213,612
Cash at bank and in hand 5 742,285 758,875
960,718 972,487
Creditors: amounts falling due within one year 6 ( 9,633) ( 18,551)
Net current assets 951,085 953,936
Total assets less current liabilities 1,526,085 1,528,936
Provision for liabilities 7, 8 ( 30,114) ( 30,114)
Net assets 1,495,971 1,498,822
Capital and reserves
Called-up share capital 9 1,000 1,000
Revaluation reserve 125,000 125,000
Undistributable reserve 98,647 98,647
Profit and loss account 1,271,324 1,274,175
Total shareholder's funds 1,495,971 1,498,822

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 E A Humberstone & Co Limited (registered number: 00560392) were approved and authorised for issue by the Director on 05 August 2025. They were signed on its behalf by:

Robert Humberstone
Director
E A HUMBERSTONE & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
E A HUMBERSTONE & CO 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

E A Humberstone & Co 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 6a Northney Lane, Northney, Hayling Island, Hampshire, PO11 0SE, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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:

Investment property not depreciated
Fixtures and fittings 5 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account 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.

The fair value is determined annually by the director and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Investment property Fixtures and fittings Total
£ £ £
Cost
At 01 January 2024 575,000 3,258 578,258
At 31 December 2024 575,000 3,258 578,258
Accumulated depreciation
At 01 January 2024 0 3,258 3,258
At 31 December 2024 0 3,258 3,258
Net book value
At 31 December 2024 575,000 0 575,000
At 31 December 2023 575,000 0 575,000

4. Debtors

31.12.2024 31.12.2023
£ £
Prepayments 216 197
Other debtors 218,217 213,415
218,433 213,612

5. Cash and cash equivalents

31.12.2024 31.12.2023
£ £
Cash at bank and in hand 25,304 37,320
Short-term deposits 716,981 721,555
742,285 758,875

6. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Amounts owed to director 119 119
Taxation and social security 7,712 16,632
Other creditors 1,802 1,800
9,633 18,551

7. Provision for liabilities

31.12.2024 31.12.2023
£ £
Deferred tax 30,114 30,114

8. Deferred tax

31.12.2024 31.12.2023
£ £
At the beginning of financial year ( 30,114) ( 8,059)
Charged to the Profit and Loss Account 0 ( 22,055)
At the end of financial year ( 30,114) ( 30,114)

9. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
1,000 A ordinary shares of £ 1.00 each 1,000 1,000