Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr N R Clarke 08/04/2022 Mr M H Colwill 24/09/2020 Mr T G Henderson 08/04/2022 Mr K P A Shepherd 24/09/2020 15 October 2025 The principal activity of the Company during the financial year was the development of building projects. 12903370 2025-03-31 12903370 bus:Director1 2025-03-31 12903370 bus:Director2 2025-03-31 12903370 bus:Director3 2025-03-31 12903370 bus:Director4 2025-03-31 12903370 2024-03-31 12903370 core:CurrentFinancialInstruments 2025-03-31 12903370 core:CurrentFinancialInstruments 2024-03-31 12903370 core:Non-currentFinancialInstruments 2025-03-31 12903370 core:Non-currentFinancialInstruments 2024-03-31 12903370 core:ShareCapital 2025-03-31 12903370 core:ShareCapital 2024-03-31 12903370 core:RetainedEarningsAccumulatedLosses 2025-03-31 12903370 core:RetainedEarningsAccumulatedLosses 2024-03-31 12903370 bus:OrdinaryShareClass1 2025-03-31 12903370 2024-04-01 2025-03-31 12903370 bus:FilletedAccounts 2024-04-01 2025-03-31 12903370 bus:SmallEntities 2024-04-01 2025-03-31 12903370 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12903370 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12903370 bus:Director1 2024-04-01 2025-03-31 12903370 bus:Director2 2024-04-01 2025-03-31 12903370 bus:Director3 2024-04-01 2025-03-31 12903370 bus:Director4 2024-04-01 2025-03-31 12903370 2023-04-01 2024-03-31 12903370 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 12903370 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 12903370 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12903370 (England and Wales)

# NTK DEVELOPMENTS (SPV3) LIMITED

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

NTK DEVELOPMENTS (SPV3) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

NTK DEVELOPMENTS (SPV3) LIMITED

## BALANCE SHEET

As at 31 March 2025
NTK DEVELOPMENTS (SPV3) LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Stocks | 3 | 2,600,000 |  | 2,800,000
Debtors | 4 | 87,615 |  | 87,809
Cash at bank and in hand |  | 38 |  | 5
|  | 2,687,653 |  | 2,887,814
Creditors: amounts falling due within one year | 5 | ( 91,264) |  | ( 81,664)
Net current assets |  | 2,596,389 |  | 2,806,150
Total assets less current liabilities |  | 2,596,389 |  | 2,806,150
Creditors: amounts falling due after more than one year | 6 | ( 3,585,191) |  | ( 3,721,099)
Net liabilities |  | ( 988,802) |  | ( 914,949)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1 |  | 1
Profit and loss account |  | ( 988,803 ) |  | ( 914,950 )
Total shareholder's deficit |  | ( 988,802) |  | ( 914,949)

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.

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 Profit and Loss Account has not been delivered.

The financial statements of NTK Developments (SPV3) Limited (registered number: 12903370) were approved and authorised for issue by the Board of Directors on 15 October 2025. They were signed on its behalf by:

Mr M H Colwill Director |

NTK DEVELOPMENTS (SPV3) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
NTK DEVELOPMENTS (SPV3) 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

NTK Developments (SPV3) 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 Herniss Business Park, Halvasso, Penryn, TR10 9BZ, 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 Balance Sheet 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.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### 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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 2,600,000 |  | 2,800,000

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 87,615 |  | 87,809

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 90,064 |  | 80,464
Other creditors | 1,200 |  | 1,200
| 91,264 |  | 81,664

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

| 2025 |  | 2024
| £ |  | £
Other creditors | 3,585,191 |  | 3,721,099

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

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 8. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Amounts loaned from NTK Developments Limited | 3,585,191 |  | 3,721,098

NTK Developments Limited has loaned monies to NTK Developments (SPV3) Limited to facilitate its trading activity. Interest is charged by NTK Developments Limited at 5%. The balance of £3,585,191 includes an intercompany loan of £1,246,687 and interest is not charged on this amount.