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Registered number: 12487802
SNOWBALL IMPACT MANAGEMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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SNOWBALL IMPACT MANAGEMENT LIMITED
COMPANY INFORMATION
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P Baxter
K Clark (resigned 1 August 2024)
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Ecovis Wingrave Yeats UK Limited
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SNOWBALL IMPACT MANAGEMENT LIMITED
CONTENTS
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Notes to the Financial Statements
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SNOWBALL IMPACT MANAGEMENT LIMITED
REGISTERED NUMBER: 12487802
BALANCE SHEET
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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SNOWBALL IMPACT MANAGEMENT LIMITED
REGISTERED NUMBER: 12487802
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The directors consider 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 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.
The Company's 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 comprehensive income 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 on 23 July 2025.
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Snowball Impact Management Limited is a private limited company, limited by shares, incorporated in
England and Wales, registration number 12487802. The registered office is 20 Little Britain, London, England, EC1A 7DH.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The shareholders are willing to support the Company to meet its financial obligations as they fall due for a period of at least 12 months from the date of approval of the financial statements. On this basis, the directors are satisfied that these financial statements can be prepared on a going concern basis.
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Foreign currency translation
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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.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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.
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.
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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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:
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.
The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.
For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an 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.
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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The average monthly number of employees, including the directors, during the year was as follows:
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Charge for the year on owned assets
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Amounts owed by group undertakings
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Called up share capital not paid
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Prepayments and accrued income
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Amounts owed by group undertakings relate to standard trading balances and are unsecured, interest-free and repayable on demand.
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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594,881 (2024 - 449,910) Preference shares of £10.00 each
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1,190 (2024 - 900) Ordinary shares of £1.00 each
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282 (2024 - nil) Ordinary B shares of £1.00 each
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Allotted, called up and fully paid
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564,887 (2024 - 410,919) Preference shares of £10.00 each
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1,130 (2024 - 822) Ordinary shares of £1.00 each
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282 (2024 - nil) Ordinary B shares of £1.00 each
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Allotted, called up and unpaid
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29,994 (2024 - 38,991) Preference shares of £10.00 each
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60 (2024 - 78) Ordinary shares of £1.00 each
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On 17 July 2024, the company issued a further 39,992 £10 preference shares for a total consideration of £399,920. On the same date, the company issued 80 £1 ordinary shares at par.
On 4 October 2024, the company issued a further 39,992 £10 preference shares for a total consideration of £399,9200. On the same date, the company issued 80 £1 ordinary shares at par.
On 16 January 2025, the company issued a further 34,993 £10 preference shares for a total consideration of £349,930. On the same date, the company issued 70 £1 ordinary shares at par.
On 11 March 2025, the company issued 282 £1 ordinary B shares at par.
On 31 March 2025, the company issued a further 29,994 £10 preference shares for a total consideration of £299,940. On the same date, the company issued 60 £1 ordinary shares at par.
The preference shares are redeemable at the issuer's discretion and carry a 4% coupon, payment of
which is at the discretion of the board in accordance with the articles of association. In respect of the year
ended 31 March 2025 the cumulative position of this amounts to £588,630 which has not been accrued in
these accounts.
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SNOWBALL IMPACT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £153,058 (2024 - £156,936). Contributions payable to the fund as at 31 March 2025 amounted to £13,729 (2024 - £11,828).
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Related party transactions
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The Company has taken the exemption under FRS102, section 33 Related Party Disclosures paragraph 33.1A, whereby the Company is not required to disclose transactions with other wholly owned group undertakings.
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Post balance sheet events
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On 22 April 2025, the company issued a further 29,994 £10 preference shares for a total consideration of
£299,940. On the same date, the company issued 60 £1 ordinary shares at par.
On 30 June 2025, the company issued a further 54,989 £10 preference shares for a total consideration of £549,890. On the same date, the company issued 110 £1 ordinary shares at par.
As at the signing date of these accounts, the entire issued share capital of Snowball Impact Management Limited has been acquired by Tribe Impact Capital LLP, a Limited Liability Partnership incorporated in the United Kingdom (OC411984) and regulated by the Financial Conduct Authority (856411). This transaction occurred on 10 July 2025, after the balance sheet date of 31 March 2025, and therefore has not been recognised in these financial statements. The acquisition represents a significant event after the reporting period, but does not affect the Company's financial position as of 31 March 2025.
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