Silverfin false false 31/12/2024 01/01/2024 31/12/2024 C Blackbourn 02/08/2016 A Gelley 02/08/2016 E Mosafi 02/08/2016 04 September 2025 The principal activity of the company is that of the purchase and realisation of debt. 10308509 2024-12-31 10308509 bus:Director1 2024-12-31 10308509 bus:Director2 2024-12-31 10308509 bus:Director3 2024-12-31 10308509 core:CurrentFinancialInstruments 2024-12-31 10308509 core:CurrentFinancialInstruments 2023-12-31 10308509 2023-12-31 10308509 core:ShareCapital 2024-12-31 10308509 core:ShareCapital 2023-12-31 10308509 core:RetainedEarningsAccumulatedLosses 2024-12-31 10308509 core:RetainedEarningsAccumulatedLosses 2023-12-31 10308509 bus:OrdinaryShareClass1 2024-12-31 10308509 2024-01-01 2024-12-31 10308509 bus:FilletedAccounts 2024-01-01 2024-12-31 10308509 bus:SmallEntities 2024-01-01 2024-12-31 10308509 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10308509 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10308509 bus:Director1 2024-01-01 2024-12-31 10308509 bus:Director2 2024-01-01 2024-12-31 10308509 bus:Director3 2024-01-01 2024-12-31 10308509 2023-01-01 2023-12-31 10308509 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 10308509 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10308509 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10308509 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10308509 (England and Wales)

# SLM REALISATIONS LTD

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

SLM REALISATIONS LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

SLM REALISATIONS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
SLM REALISATIONS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 0 |  | 30,172
Cash at bank and in hand |  | 3,280 |  | 3,108
|  | 3,280 |  | 33,280
Creditors: amounts falling due within one year | 4 | ( 3,279) |  | ( 26,540)
Net current assets |  | 1 |  | 6,740
Total assets less current liabilities |  | 1 |  | 6,740
Net assets |  | 1 |  | 6,740
Capital and reserves |  |  |  |
Called-up share capital | 5 | 1 |  | 1
Profit and loss account |  | 0 |  | 6,739
Total shareholder's funds |  | 1 |  | 6,740

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:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of SLM Realisations Ltd (registered number: 10308509) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

E Mosafi Director |

04 September 2025

SLM REALISATIONS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
SLM REALISATIONS LTD

## 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 year, unless otherwise stated.

##### General information and basis of accounting

SLM Realisations Ltd (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 41-44 Great Queen Street, London, WC2B 5AD, 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 directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have 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.

##### 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.

##### 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 from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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.

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.

##### 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

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 3 |  | 3

#### 3. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by group undertakings | 0 |  | 30,172

Amounts owed by group undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

#### 4. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 0 |  | 25,904
Amounts owed to group undertakings | 1,444 |  | 0
Other creditors | 1,835 |  | 636
| 3,279 |  | 26,540

Amounts owed to group undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

#### 5. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 6. Ultimate controlling party

The immediate parent company is Cable Capital Partners Limited.
As at the financial year end date of 31 December 2024 the ultimate controlling party was Cable Capital Group Holdings Limited.