Silverfin false false 31/12/2024 01/01/2024 31/12/2024 M Dessi 11/07/2024 14/09/2021 H Ćosić 02/08/2021 H Ćosić 24 August 2025 The principal activity of the Company during the financial period was information technology consultancy. 13542412 2024-12-31 13542412 bus:Director1 2024-12-31 13542412 bus:Director2 2024-12-31 13542412 2023-12-31 13542412 core:CurrentFinancialInstruments 2024-12-31 13542412 core:CurrentFinancialInstruments 2023-12-31 13542412 core:Non-currentFinancialInstruments 2024-12-31 13542412 core:Non-currentFinancialInstruments 2023-12-31 13542412 core:ShareCapital 2024-12-31 13542412 core:ShareCapital 2023-12-31 13542412 core:RetainedEarningsAccumulatedLosses 2024-12-31 13542412 core:RetainedEarningsAccumulatedLosses 2023-12-31 13542412 core:CostValuation 2023-12-31 13542412 core:DisposalsDecreaseInInvestments 2024-12-31 13542412 core:CostValuation 2024-12-31 13542412 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2024-12-31 13542412 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2023-12-31 13542412 bus:OrdinaryShareClass1 2024-12-31 13542412 2024-01-01 2024-12-31 13542412 bus:FilletedAccounts 2024-01-01 2024-12-31 13542412 bus:SmallEntities 2024-01-01 2024-12-31 13542412 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13542412 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13542412 bus:Director1 2024-01-01 2024-12-31 13542412 bus:Director2 2024-01-01 2024-12-31 13542412 bus:Director3 2024-01-01 2024-12-31 13542412 2022-09-01 2023-12-31 13542412 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 13542412 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13542412 bus:OrdinaryShareClass1 2022-09-01 2023-12-31 iso4217:EUR xbrli:pure xbrli:shares iso4217:GBP

Company No: 13542412 (England and Wales)

AIRCASH INT LIMITED

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

AIRCASH INT LIMITED

Unaudited Financial Statements

For the financial period ended 31 December 2024

Contents

AIRCASH INT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
AIRCASH INT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
Fixed assets
Investments 3 0 298,548
0 298,548
Current assets
Debtors 4 1,072 188,860
Cash at bank and in hand 100,767 34,629
101,839 223,489
Creditors: amounts falling due within one year 5 ( 118,240) ( 117,798)
Net current (liabilities)/assets (16,401) 105,691
Total assets less current liabilities (16,401) 404,239
Creditors: amounts falling due after more than one year 6 0 ( 435,647)
Net liabilities ( 16,401) ( 31,408)
Capital and reserves
Called-up share capital 7 117 117
Profit and loss account ( 16,518 ) ( 31,525 )
Total shareholders' deficit ( 16,401) ( 31,408)

For the financial period 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 Aircash Int Limited (registered number: 13542412) were approved and authorised for issue by the Director. They were signed on its behalf by:

H Ćosić
Director

24 August 2025

AIRCASH INT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 December 2024
AIRCASH INT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Aircash Int 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 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 EUR 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 note that the business has net liabilities of €16,518. The Company is supported through loans from group undertakings. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Affiliate Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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.

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 cost 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.

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.

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 to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, 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.

2. Employees

Year ended
31.12.2024
Period from
01.09.2022 to
31.12.2023
Number Number
Monthly average number of persons employed by the company during the period, including the director 3 3

3. Fixed asset investments

Investments in subsidiaries

31.12.2024
Cost
At 01 January 2024 298,547
Disposals ( 298,547)
At 31 December 2024 0
Carrying value at 31 December 2024 0
Carrying value at 31 December 2023 298,548

4. Debtors

31.12.2024 31.12.2023
Trade debtors 0 188,273
Amounts owed by group undertakings 824 0
Prepayments 248 587
1,072 188,860

Trade debtor balance represents services provided to related company at arms length.

5. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
Amounts owed to connected persons 39,246 39,246
Amounts owed to director 74,288 74,288
Accruals 4,706 4,264
118,240 117,798

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

31.12.2024 31.12.2023
Amounts owed to group undertakings 0 435,647

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

7. Called-up share capital

31.12.2024 31.12.2023
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 117 117

8. Related party transactions

Included within creditors due within one year are amounts owed to one of the directors amounting to €74,288 (2023: €74,288). This loan was unsecured, interest-free and repayable on demand.

Also included within creditors due within one year are amounts owed to a shareholder amounting to €39,246 (2023: €39,246).

The loan owed to related company amounting to €435,647 was repaid during the year.