Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Parkwalk Advisors Ltd 23/02/2024 A F Frangi 23/02/2024 S L Macpherson 22/02/2024 Dr A K Mairaj 23/02/2024 29/07/2022 J Mccreadie 17/10/2024 Dr N Orsi 23/02/2024 05/09/2023 C L Richardson 28/08/2024 Dr M A Wyatt 03/10/2024 23/02/2024 27 August 2025 no description of principal activity 14263453 2024-12-31 14263453 bus:Director1 2024-12-31 14263453 bus:Director2 2024-12-31 14263453 bus:Director3 2024-12-31 14263453 bus:Director4 2024-12-31 14263453 bus:Director5 2024-12-31 14263453 bus:Director6 2024-12-31 14263453 bus:Director7 2024-12-31 14263453 bus:Director8 2024-12-31 14263453 2023-12-31 14263453 core:CurrentFinancialInstruments 2024-12-31 14263453 core:CurrentFinancialInstruments 2023-12-31 14263453 core:ShareCapital 2024-12-31 14263453 core:ShareCapital 2023-12-31 14263453 core:SharePremium 2024-12-31 14263453 core:SharePremium 2023-12-31 14263453 core:RetainedEarningsAccumulatedLosses 2024-12-31 14263453 core:RetainedEarningsAccumulatedLosses 2023-12-31 14263453 core:ComputerEquipment 2023-12-31 14263453 core:ComputerEquipment 2024-12-31 14263453 bus:OrdinaryShareClass1 2024-12-31 14263453 bus:OrdinaryShareClass2 2024-12-31 14263453 2024-01-01 2024-12-31 14263453 bus:FilletedAccounts 2024-01-01 2024-12-31 14263453 bus:SmallEntities 2024-01-01 2024-12-31 14263453 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14263453 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14263453 bus:Director1 2024-01-01 2024-12-31 14263453 bus:Director2 2024-01-01 2024-12-31 14263453 bus:Director3 2024-01-01 2024-12-31 14263453 bus:Director4 2024-01-01 2024-12-31 14263453 bus:Director5 2024-01-01 2024-12-31 14263453 bus:Director6 2024-01-01 2024-12-31 14263453 bus:Director7 2024-01-01 2024-12-31 14263453 bus:Director8 2024-01-01 2024-12-31 14263453 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 14263453 2023-08-01 2023-12-31 14263453 core:ComputerEquipment 2024-01-01 2024-12-31 14263453 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14263453 bus:OrdinaryShareClass1 2023-08-01 2023-12-31 14263453 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 14263453 bus:OrdinaryShareClass2 2023-08-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14263453 (England and Wales)

ADSILICO LIMITED

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

ADSILICO LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ADSILICO LIMITED

BALANCE SHEET

As at 31 December 2024
ADSILICO LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 50,547 0
50,547 0
Current assets
Debtors 4 304,827 10
Cash at bank and in hand 5 2,593,832 0
2,898,659 10
Creditors: amounts falling due within one year 6 ( 80,707) 0
Net current assets 2,817,952 10
Total assets less current liabilities 2,868,499 10
Net assets 2,868,499 10
Capital and reserves
Called-up share capital 7 18 10
Share premium account 3,441,544 0
Profit and loss account ( 573,063 ) 0
Total shareholders' funds 2,868,499 10

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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Adsilico Limited (registered number: 14263453) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S L Macpherson
Director

27 August 2025

ADSILICO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ADSILICO 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 period, unless otherwise stated.

General information and basis of accounting

Adsilico 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 Nexus, Discovery Way, Leeds, West Yorkshire, LS2 3AA, 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 £.

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 Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account 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.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Government grants

2. Employees

Year ended
31.12.2024
Period from
01.08.2023 to
31.12.2023
Number Number
Employees 10 0

Monthly average number of persons employed by the Company during the year, including directors are as above.

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 January 2024 0 0
Additions 54,901 54,901
At 31 December 2024 54,901 54,901
Accumulated depreciation
At 01 January 2024 0 0
Charge for the financial year 4,354 4,354
At 31 December 2024 4,354 4,354
Net book value
At 31 December 2024 50,547 50,547
At 31 December 2023 0 0

4. Debtors

31.12.2024 31.12.2023
£ £
Prepayments and accrued income 195,844 0
VAT recoverable 17,301 0
Corporation tax 87,352 0
Other debtors 4,330 10
304,827 10

5. Cash and cash equivalents

31.12.2024 31.12.2023
£ £
Cash at bank and in hand 2,593,832 0

6. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Trade creditors 32,064 0
Accruals 24,337 0
Other taxation and social security 19,360 0
Other creditors 4,946 0
80,707 0

7. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
1,000,000 Ordinary shares of £ 0.00001 each 10 10
777,777 Ordinary A shares of £ 0.00001 each (31.12.2023: nil shares) 8 0
18 10

In the financial year 2024 777,777 Ordinary A shares were allotted with an aggregate nominal value of £0.00001 each for a total consideration of £ 3,499,997.

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

31.12.2024 31.12.2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 16,464 0