Silverdisc Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13743644

SILVERDISC HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SILVERDISC HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investments	4		–		454,219

CURRENT ASSETS

Debtors	5	139,745	139,817
Cash at bank and in hand		22	32
		---------	---------
		139,767	139,849

CREDITORS: amounts falling due within one year	6	137,610		135,890
		---------		---------
NET CURRENT ASSETS			2,157		3,959
			-------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,157		458,178
			-------		---------
NET ASSETS			2,157		458,178
			-------		---------

CAPITAL AND RESERVES

Called up share capital fully paid	300,000	300,000
Profit and loss account	( 297,843)	158,178
	---------	---------
SHAREHOLDERS FUNDS	2,157	458,178
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SILVERDISC HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr M L Rigby-White

Director

Company registration number: 13743644

SILVERDISC HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Swallow Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6XX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	454,219
	---------
Impairment
At 1 April 2024	–
Impairment losses	454,219
	---------
At 31 March 2025	454,219
	---------

Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	454,219
	---------

5. DEBTORS

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	139,745	–
Other debtors	–	139,817
	---------	---------
	139,745	139,817
	---------	---------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	85,654	–
Other creditors	51,956	135,890
	---------	---------
	137,610	135,890
	---------	---------

7. RELATED PARTY TRANSACTIONS

At the year end the company was owed £139,745 (2024 - £139,817) by associated companies in relation to loans. At the year end the company owed £85,654 (2024 - £2,050) to associated companies in relation to loans.