Silverfin false false 31/07/2024 01/08/2023 31/07/2024 S P Davy 05/03/2021 P J Smith 05/03/2021 13 August 2025 The principal activity of the Company is that of property investment and acting as a holding company. 13247624 2024-07-31 13247624 bus:Director1 2024-07-31 13247624 bus:Director2 2024-07-31 13247624 2023-07-31 13247624 core:CurrentFinancialInstruments 2024-07-31 13247624 core:CurrentFinancialInstruments 2023-07-31 13247624 core:ShareCapital 2024-07-31 13247624 core:ShareCapital 2023-07-31 13247624 core:RetainedEarningsAccumulatedLosses 2024-07-31 13247624 core:RetainedEarningsAccumulatedLosses 2023-07-31 13247624 core:CostValuation 2023-07-31 13247624 core:CostValuation 2024-07-31 13247624 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-07-31 13247624 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-07-31 13247624 bus:OrdinaryShareClass1 2024-07-31 13247624 bus:OrdinaryShareClass2 2024-07-31 13247624 bus:OrdinaryShareClass3 2024-07-31 13247624 2023-08-01 2024-07-31 13247624 bus:FilletedAccounts 2023-08-01 2024-07-31 13247624 bus:SmallEntities 2023-08-01 2024-07-31 13247624 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13247624 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13247624 bus:Director1 2023-08-01 2024-07-31 13247624 bus:Director2 2023-08-01 2024-07-31 13247624 2022-08-01 2023-07-31 13247624 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 13247624 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 13247624 bus:OrdinaryShareClass2 2023-08-01 2024-07-31 13247624 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 13247624 bus:OrdinaryShareClass3 2023-08-01 2024-07-31 13247624 bus:OrdinaryShareClass3 2022-08-01 2023-07-31 13247624 1 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13247624 (England and Wales)

SDPSA (PROPERTY HOLDINGS) LTD

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

SDPSA (PROPERTY HOLDINGS) LTD

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

SDPSA (PROPERTY HOLDINGS) LTD

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
SDPSA (PROPERTY HOLDINGS) LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,499,999 1,499,999
1,499,999 1,499,999
Current assets
Debtors 4 228,988 187
Cash at bank and in hand 39,452 130,375
268,440 130,562
Creditors: amounts falling due within one year 5 ( 248,948) ( 130,261)
Net current assets 19,492 301
Total assets less current liabilities 1,519,491 1,500,300
Net assets 1,519,491 1,500,300
Capital and reserves
Called-up share capital 6 1,500,000 1,500,000
Profit and loss account 19,491 300
Total shareholders' funds 1,519,491 1,500,300

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.

Directors' responsibilities:

The financial statements of SDPSA (Property Holdings) Ltd (registered number: 13247624) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S P Davy
Director

13 August 2025

SDPSA (PROPERTY HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
SDPSA (PROPERTY HOLDINGS) LTD

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

SDPSA (Property Holdings) 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 35 Ballards Lane, London, N3 1XW, 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

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have 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.

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).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 1,499,999
At 31 July 2024 1,499,999
Carrying value at 31 July 2024 1,499,999
Carrying value at 31 July 2023 1,499,999

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 228,194 0
Other debtors 794 187
228,988 187

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 0 36,606
Other creditors 248,948 93,655
248,948 130,261

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500,000 Ordinary shares of £ 1.00 each 500,000 500,000
500,000 Ordinary A shares of £ 1.00 each 500,000 500,000
500,000 Ordinary B shares of £ 1.00 each 500,000 500,000
1,500,000 1,500,000

7. Related party transactions

Included within creditors are amounts of £213,930 (2023: £61,646) due from companies with common shareholders and directors.

Also included within creditors are amounts of £35,018 (2023: £29,407) due to the directors and shareholders. The amount is unsecured, interest free and repayable within 9 months of the reporting date.

Included within debtors are amounts of £228,194 (2023: £36,606 due to companies with common shareholders and directors) due from companies with common shareholders and directors.

Included within debtors are amounts of £680 (2023: £2,602 due to the directors) due from the directors. The amount is unsecured, interest free and repayable within 9 months of the reporting date.

8. Events after the Balance Sheet date

The directors have made a decision to liquidate its subsidiary SDSPA (Holdings) Ltd during the year.

9. Ultimate controlling party

The ultimate controlling party is the directors.