ACCOUNTS - Final Accounts preparation

Registered number: 10200760

SEVERN DENMARK LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

SEVERN DENMARK LTD

REGISTERED NUMBER: 10200760

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2024


	2024	2023
Note	£	£

Fixed assets
Investments	4		1		1
			1		1
Current assets
Debtors: amounts falling due after more than one year	5	-		63,775
Debtors: amounts falling due within one year	5	68,700		700
Cash at bank and in hand	6	24,391		73,277
		93,091		137,752
Creditors: amounts falling due within one year	7	(3,500)		(3,000)
Net current assets			89,591		134,752
Total assets less current liabilities			89,592		134,753

Net assets			89,592		134,753

Capital and reserves
Called up share capital	100	100
Share premium account	1,000,600	1,000,600
Profit and loss account	(911,108)	(865,947)
	89,592	134,753

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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SEVERN DENMARK LTD

REGISTERED NUMBER: 10200760

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 NOVEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2025.

E Davies

Director

The notes on pages 3 to 5 form part of these financial statements.

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SEVERN DENMARK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1.	General information

Severn Denmark Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 3 Mount Stuart Square, Cardiff Bay, Cardiff, CF10 5EE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date the company had net assets of £89,592 (2023: £134,752) and is dependent on the support of its directors who have confirmed their intention to support the company. As a result the directors believe it is appropriate to prepare the accounts on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.

2.3

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

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SEVERN DENMARK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from third parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 December 2023	1
	At 30 November 2024	1

5.	Debtors
		2024	2023
		£	£

Due after more than one year
Amounts owed by group undertakings	-	63,775
	-	63,775


					2024	2023
					£	£

Due within one year
Other debtors	68,000	-
Called up share capital not paid	700	700
	68,700	700

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SEVERN DENMARK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	24,391	73,277
	24,391	73,277

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Accruals and deferred income	3,500	3,000
	3,500	3,000

8.	Controlling party

During the current and preceeding year, the company was under the control of the directors D Aukin and E Davies.
During the year a loan of £20,000 was made to the Director E Davies. The full balance remains repayable at the year end

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