Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false 2 false No description of principal activity 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09770716 2024-04-01 2025-03-31 09770716 2023-04-01 2024-03-31 09770716 2025-03-31 09770716 2024-03-31 09770716 c:Director1 2024-04-01 2025-03-31 09770716 d:OfficeEquipment 2024-04-01 2025-03-31 09770716 d:OfficeEquipment 2025-03-31 09770716 d:OfficeEquipment 2024-03-31 09770716 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09770716 d:CurrentFinancialInstruments 2025-03-31 09770716 d:CurrentFinancialInstruments 2024-03-31 09770716 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 09770716 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09770716 d:ShareCapital 2025-03-31 09770716 d:ShareCapital 2024-03-31 09770716 d:RetainedEarningsAccumulatedLosses 2025-03-31 09770716 d:RetainedEarningsAccumulatedLosses 2024-03-31 09770716 c:FRS102 2024-04-01 2025-03-31 09770716 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09770716 c:FullAccounts 2024-04-01 2025-03-31 09770716 c:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 09770716 2 2024-04-01 2025-03-31 09770716 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 09770716 SILVER NAVY ENTERTAINMENT LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
SILVER NAVY ENTERTAINMENT LIMITED REGISTERED NUMBER: 09770716 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 337
|  |  | - |  | 337
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 3,945,458 |  | 3,352,084 |
Cash at bank and in hand | 6 | 723,381 |  | 2,204,330 |
|  | 4,668,839 |  | 5,556,414 |
Creditors: amounts falling due within one year | 7 | (811,708) |  | (948,721) |
Net current assets |  |  | 3,857,131 |  | 4,607,693
Total assets less current liabilities |  |  | 3,857,131 |  | 4,608,030
Net assets |  |  | 3,857,131 |  | 4,608,030
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 3,857,031 |  | 4,607,930
|  |  | 3,857,131 |  | 4,608,030
The director considers 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 director acknowledges his 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. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
C U Ejiofor
Director
Date: 10 December 2025
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SILVER NAVY ENTERTAINMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Silver Navy Entertainment Limited is a private company limited by shares, incorporated in England & Wales, company number 09770716 having its registered office at 6th Floor, 2 London Wall Place, London, EC2Y 5AU. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 2
SILVER NAVY ENTERTAINMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Page 3
SILVER NAVY ENTERTAINMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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SILVER NAVY ENTERTAINMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 5,695
| At 31 March 2025 | 5,695
| Depreciation |
| At 1 April 2024 | 5,358
| Charge for the year on owned assets | 337
| At 31 March 2025 | 5,695
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | 337
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SILVER NAVY ENTERTAINMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 7,645 | 223
| Other debtors | 3,487,669 | 2,901,717
| Called up share capital not paid | 99 | 99
| Tax recoverable | 450,045 | 450,045
|  | 3,945,458 | 3,352,084
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 723,381 | 2,204,330
|  | 723,381 | 2,204,330
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 8,318 | 11,182
| Corporation tax | 187,476 | 813,458
| Other taxation and social security | 36,352 | 6,769
| Other creditors | 48,308 | 5,482
| Accruals and deferred income | 531,254 | 111,830
|  | 811,708 | 948,721
8. | Pension commitments
The company contributes to personal pension plans for its employees. The amounts recognised in the profit and loss account were £1,458 (2024 - £11,003) including £NIL accrued at 31 March 2025 (2024 - £10,000). Page 6
SILVER NAVY ENTERTAINMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Guarantees and other financial commitments
The company had total guarantee and other commitments at the balance sheet date of £NIL (2024 - £NIL). The company charged £NIL (2024 - £22,147) to the director in connection with the guarantee until the balance of the guarantee was fully repaid on 12 December 2023. Net advances of £3,138,755 made to the director were outstanding at 31 March 2025 (2024 - £2,583,466). The director has repaid £2,008,486 of this loan post year-end with the remaining loan being unsecured and repayable on demand.
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