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Company No: 14604821 (England and Wales)

THE LYMDEN GROUP HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

THE LYMDEN GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

THE LYMDEN GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
THE LYMDEN GROUP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 30.11.2024 30.11.2023
£ £
Fixed assets
Investments 3 100 100
100 100
Current assets
Debtors 4 38,416 0
Cash at bank and in hand 29 381,000
38,445 381,000
Creditors: amounts falling due within one year 5 ( 20,800) ( 2,220)
Net current assets 17,645 378,780
Total assets less current liabilities 17,745 378,880
Net assets 17,745 378,880
Capital and reserves
Called-up share capital 6 50 100
Capital redemption reserve 50 0
Profit and loss account 17,645 378,780
Total shareholders' funds 17,745 378,880

For the financial year ending 30 November 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 The Lymden Group Holdings Limited (registered number: 14604821) were approved and authorised for issue by the Director on 26 August 2025. They were signed on its behalf by:

Matthew Robertson
Director
THE LYMDEN GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
THE LYMDEN GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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 period, unless otherwise stated.

General information and basis of accounting

The Lymden Group Holdings 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 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, 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 director has assessed the Statement of Financial Position 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.

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.

Reporting period length

The prior period reporting length was shortened to 30 November 2023 to align with the year-end of the subsidiary. The accounts are now prepared on an annual basis. Therefore, the comparative amounts in the financial statements are not entirely comparable.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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).

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 Statement of Income and Retained Earnings 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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Year ended
30.11.2024
Period from
19.01.2023 to
30.11.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Fixed asset investments

Investments in subsidiaries

30.11.2024
£
Cost
At 01 December 2023 100
At 30 November 2024 100
Carrying value at 30 November 2024 100
Carrying value at 30 November 2023 100

4. Debtors

30.11.2024 30.11.2023
£ £
Amounts owed by director 38,416 0

5. Creditors: amounts falling due within one year

30.11.2024 30.11.2023
£ £
Amounts owed to own subsidiaries 18,500 0
Accruals 2,300 2,220
20,800 2,220

6. Called-up share capital

30.11.2024 30.11.2023
£ £
Allotted, called-up and fully-paid
50 Ordinary shares of £ 1.00 each (30.11.2023: 100 shares of £ 1.00 each) 50 100

On 2 August 2024, the Company repurchased 50 Ordinary shares of £1.00 each. These have been transferred to the non-distributable Capital Redemption Reserve.

7. Related party transactions

Transactions with the entity's director

30.11.2024 30.11.2023
£ £
Amounts owed by directors 38,416 0

Advances were made to the directors during the year totalling £38,000. The amount outstanding at the year end was £38,416. Interest has been charged at 2.25% totalling £416. The loan is repayable on demand.