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Company No: 14038904 (England and Wales)

ALTERNATIVE PROTEINS ASSOCIATION

(A company limited by guarantee)

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

ALTERNATIVE PROTEINS ASSOCIATION

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ALTERNATIVE PROTEINS ASSOCIATION

COMPANY INFORMATION

For the financial year ended 31 March 2025
ALTERNATIVE PROTEINS ASSOCIATION

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
Director J J Coller
Registered office Level 3 Park House
116 Park Street
London
W1K 6AF
United Kingdom
Company number 14038904 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E1 6RA
ALTERNATIVE PROTEINS ASSOCIATION

BALANCE SHEET

As at 31 March 2025
ALTERNATIVE PROTEINS ASSOCIATION

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Current assets
Debtors 3 19,571 41,361
Cash at bank and in hand 56,096 69,694
75,667 111,055
Creditors: amounts falling due within one year 4 ( 283,723) ( 286,557)
Net current liabilities (208,056) (175,502)
Total assets less current liabilities (208,056) (175,502)
Net liabilities ( 208,056) ( 175,502)
Reserves
Profit and loss account ( 208,056 ) ( 175,502 )
Total reserves ( 208,056) ( 175,502)

For the financial year ending 31 March 2025 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 Alternative Proteins Association (registered number: 14038904) were approved and authorised for issue by the Director on 20 August 2025. They were signed on its behalf by:

J J Coller
Director
ALTERNATIVE PROTEINS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ALTERNATIVE PROTEINS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Alternative Proteins Association (the Company) is a private company, limited by guarantee, 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 Level 3 Park House, 116 Park Street, London, W1K 6AF, 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 accounts have been prepared on a going concern basis despite the company reporting net liabilities of £208,056 (2024 : £172,502). The company is reliant upon the continued financial support of its director.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined benefit schemes
The Company operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays a fixed contribution into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the profit and loss when they fall due. Amounts not paid are shown as a liability in the Balance Sheet. The assets of the scheme are held separately from those of the Company, in separate trustee administered funds.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 company’s contractual obligations expire or are discharged or cancelled.

2. Employees

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

3. Debtors

2025 2024
£ £
Trade debtors 6,600 24,899
Other debtors 12,971 16,462
19,571 41,361

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 45,000
Amounts owed to Group undertakings 275,000 200,000
Other creditors 8,723 41,557
283,723 286,557

5. Liability of members

The members of the Alternative Proteins Association have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

6. Related party transactions

During the year, the company received a loan of £75,000 (2024: £125,000) from Coller Holdings Limited, a company which Mr J J Coller was a director of during the year. At the year end the balance due to Coller Holdings Limited was £275,000 (2024: £200,000) included within other debtors due within one year.