Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr D A Blatchford 04/02/2013 Mrs S E Blatchford 13/08/2024 04/02/2013 02 October 2025 The principal activity of the Company during the financial year was that of property development. 08388032 2025-03-31 08388032 bus:Director1 2025-03-31 08388032 bus:Director2 2025-03-31 08388032 2024-03-31 08388032 core:CurrentFinancialInstruments 2025-03-31 08388032 core:CurrentFinancialInstruments 2024-03-31 08388032 core:Non-currentFinancialInstruments 2025-03-31 08388032 core:Non-currentFinancialInstruments 2024-03-31 08388032 core:ShareCapital 2025-03-31 08388032 core:ShareCapital 2024-03-31 08388032 core:RetainedEarningsAccumulatedLosses 2025-03-31 08388032 core:RetainedEarningsAccumulatedLosses 2024-03-31 08388032 core:PlantMachinery 2024-03-31 08388032 core:PlantMachinery 2025-03-31 08388032 bus:OrdinaryShareClass1 2025-03-31 08388032 bus:OrdinaryShareClass2 2025-03-31 08388032 bus:OrdinaryShareClass3 2025-03-31 08388032 bus:OrdinaryShareClass4 2025-03-31 08388032 2024-04-01 2025-03-31 08388032 bus:FilletedAccounts 2024-04-01 2025-03-31 08388032 bus:SmallEntities 2024-04-01 2025-03-31 08388032 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08388032 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08388032 bus:Director1 2024-04-01 2025-03-31 08388032 bus:Director2 2024-04-01 2025-03-31 08388032 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 08388032 2023-04-01 2024-03-31 08388032 core:PlantMachinery 2024-04-01 2025-03-31 08388032 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08388032 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08388032 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 08388032 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 08388032 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 08388032 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 08388032 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 08388032 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08388032 (England and Wales)

# GREEN SPINNAKER LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

GREEN SPINNAKER LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

GREEN SPINNAKER LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
GREEN SPINNAKER LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 466 |  | 703
Investment property | 4 | 0 |  | 1,134,529
|  | 466 |  | 1,135,232
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 5 | 516,745 |  | 262,900
- due after more than one year | 5 | 467,788 |  | 465,557
Cash at bank and in hand |  | 18,607 |  | 489,168
|  | 1,003,140 |  | 1,217,625
Creditors: amounts falling due within one year | 6 | ( 4,269) |  | ( 52,114)
Net current assets |  | 998,871 |  | 1,165,511
Total assets less current liabilities |  | 999,337 |  | 2,300,743
Net assets |  | 999,337 |  | 2,300,743
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1,000 |  | 1,000
Profit and loss account | 9 | 998,337 |  | 2,299,743
Total shareholders' funds |  | 999,337 |  | 2,300,743

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Green Spinnaker Limited (registered number: 08388032) were approved and authorised for issue by the Director on 02 October 2025. They were signed on its behalf by:

Mr D A Blatchford Director |

GREEN SPINNAKER LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
GREEN SPINNAKER LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

Green Spinnaker 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 C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom. The principal place of business is Spinnaker House, Granville Road, Bath, BA1 9BE.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.

##### 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.

##### 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.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### 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 Statement of Financial Position date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery | 4 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.

##### 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.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### 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

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 948 |  | 948
At 31 March 2025 | 948 |  | 948
Accumulated depreciation |  |  |
At 01 April 2024 | 245 |  | 245
Charge for the financial year | 237 |  | 237
At 31 March 2025 | 482 |  | 482
Net book value |  |  |
At 31 March 2025 | 466 |  | 466
At 31 March 2024 | 703 |  | 703

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 1,134,529
Disposals | (1,134,529)
As at 31 March 2025 | 0

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 0 |  | 7,680
Amounts owed by Group undertakings | 502,970 |  | 0
Prepayments | 0 |  | 1,050
VAT recoverable | 13,775 |  | 0
Other debtors | 0 |  | 254,170
| 516,745 |  | 262,900
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 467,788 |  | 465,557

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 10,757
Amounts owed to director | 0 |  | 1,826
Accruals | 3,350 |  | 5,100
Other taxation and social security | 0 |  | 33,290
Other creditors | 919 |  | 1,141
| 4,269 |  | 52,114

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
660 A ordinary shares of £ 1.00 each | 660 |  | 660
50 B ordinary shares of £ 1.00 each | 50 |  | 50
50 C ordinary shares of £ 1.00 each | 50 |  | 50
240 D ordinary shares of £ 1.00 each | 240 |  | 240
| 1,000 |  | 1,000

#### 8. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amount owed to the directors | 0 |  | 1,826

The amount owed to the directors has no fixed date for repayment. This is interest free.
At the year end, shareholders of the company were owed £Nil (2024: £640) by the company. This amount is included in other creditors and is interest free.
At the year end, companies under common control owed an amount of £467,788 (2024: £466,583) to the company. No interest was charged on this balance.
During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.

#### 9. Profit and loss account

Included in the profit and loss account are non-distributable reserves of £Nil (2024: £60,077) representing the cumulative fair value movements of the Investment property, net of deferred tax. The remaining amount is distributable.