Silverfin false true 31/03/2025 01/04/2024 31/03/2025 Sarah Jane Levy 07/05/2016 Dr David Paul Moss 07/05/2016 Jill Moss 01/10/1996 16 October 2025 The principal activity of the Company during the year was that of a holding company.
The Company has been dormant, as defined in section 1169(1) of the Companies Act 2006, throughout the year. 02897136 2025-03-31 02897136 bus:Director1 2025-03-31 02897136 bus:Director2 2025-03-31 02897136 bus:Director3 2025-03-31 02897136 2024-03-31 02897136 core:CurrentFinancialInstruments 2025-03-31 02897136 core:CurrentFinancialInstruments 2024-03-31 02897136 core:ShareCapital 2025-03-31 02897136 core:ShareCapital 2024-03-31 02897136 core:SharePremium 2025-03-31 02897136 core:SharePremium 2024-03-31 02897136 core:RetainedEarningsAccumulatedLosses 2025-03-31 02897136 core:RetainedEarningsAccumulatedLosses 2024-03-31 02897136 core:CostValuation 2024-03-31 02897136 core:CostValuation 2025-03-31 02897136 2024-04-01 2025-03-31 02897136 bus:FilletedAccounts 2024-04-01 2025-03-31 02897136 bus:SmallEntities 2024-04-01 2025-03-31 02897136 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02897136 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02897136 bus:Director1 2024-04-01 2025-03-31 02897136 bus:Director2 2024-04-01 2025-03-31 02897136 bus:Director3 2024-04-01 2025-03-31 02897136 2023-04-01 2024-03-31 02897136 core:Subsidiary1 2024-04-01 2025-03-31 02897136 core:Subsidiary1 1 2024-04-01 2025-03-31 02897136 core:Subsidiary1 1 2023-04-01 2024-03-31 02897136 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 02897136 (England and Wales)

# G.A.T. HOLDINGS LIMITED

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

G.A.T. HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

G.A.T. HOLDINGS LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
G.A.T. HOLDINGS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | Sarah Jane Levy
| Dr David Paul Moss
| Jill Moss

REGISTERED OFFICE | 3rd Floor 5 Callaghan Square
| Cardiff
| CF10 5BT
| United Kingdom

COMPANY NUMBER | 02897136 (England and Wales)

ACCOUNTANT | Gravita Business Services II Limited
| Aldgate Tower
| 2 Leman Street
| London
| E1 8FA
| United Kingdom

G.A.T. HOLDINGS LIMITED

## BALANCE SHEET

As at 31 March 2025
G.A.T. HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 7,167,028 |  | 7,167,028
|  | 7,167,028 |  | 7,167,028
Creditors: amounts falling due within one year | 4 | ( 190,635) |  | ( 190,635)
Net current liabilities |  | (190,635) |  | (190,635)
Total assets less current liabilities |  | 6,976,393 |  | 6,976,393
Net assets |  | 6,976,393 |  | 6,976,393
Capital and reserves |  |  |  |
Called-up share capital |  | 184,504 |  | 184,504
Share premium account |  | 3,736,815 |  | 3,736,815
Profit and loss account |  | 3,055,074 |  | 3,055,074
Total shareholders' funds |  | 6,976,393 |  | 6,976,393

G.A.T. Holdings Limited (registered number: 02897136) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 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 G.A.T. Holdings Limited (registered number: 02897136) were approved and authorised for issue by the Board of Directors on 16 October 2025. They were signed on its behalf by:

Dr David Paul Moss Director |

G.A.T. HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
G.A.T. HOLDINGS 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

G.A.T. Holdings 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 3rd Floor, 5 Callaghan Square, Cardiff, CF10 5BT, United Kingdom.
The financial statements have been prepared under the historical cost convention 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.
The functional currency of G.A.T. Holdings Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Going concern

The Company is only a holding company, with no transactions impacting the profit and loss account during the year, and the directors expect this to continue. The investment held in the subsidiary is supported by the subsidiary continuing to have a strong asset base and remaining cash generative. Based on this the directors believe that the Company has adequate resources to meet its financial obligations as they fall due for at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Basis of consolidation

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

##### 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.

##### 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.

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.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### 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**
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through the Profit and Loss Account, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are 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.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in subsidiaries are measured at cost less impairment.

##### 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 directors | 3 |  | 3

#### 3. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 7,167,028
At 31 March 2025 | 7,167,028
Carrying value at 31 March 2025 | 7,167,028
Carrying value at 31 March 2024 | 7,167,028

Investments in shares

Name of entity | Registered office | Principal activity | Class of shares | Ownership 31.03.2025 | Ownership 31.03.2024
GAT Investments Limited | 3rd Floor, 5 Callaghan Square, Cardiff, CF10 5BT, United Kingdom | Property investment | Ordinary | 100.00% | 100.00%

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 190,635 |  | 190,635

Amounts owed to Group undertakings are unsecured, interest-free and repayable on demand.

#### 5. Related party transactions

The total aggregate directors remuneration for the year was £Nil (2024: £Nil).
The Company has taken advantage of the exemption available under FRS 102 Section 1A not to disclose details of transactions with wholly owned members of the group headed by the Company.

#### 6. Ultimate controlling party

In the opinion of the directors there is no one individual ultimate controlling party.