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Registered number: 12537924
Silvertip Capital Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Regent Chapel Street
Penzance
Cornwall
TR18 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12537924
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,233 2,977
Tangible Assets 5 11,357 14,794
Investments 6 167,765 167,765
181,355 185,536
CURRENT ASSETS
Debtors 7 37,840 38,487
Investments 8 298,567 473,853
Cash at bank and in hand 66,163 341,530
402,570 853,870
Creditors: Amounts Falling Due Within One Year 9 (23,775 ) (540,157 )
NET CURRENT ASSETS (LIABILITIES) 378,795 313,713
TOTAL ASSETS LESS CURRENT LIABILITIES 560,150 499,249
Creditors: Amounts Falling Due After More Than One Year 10 (140,000 ) (140,000 )
NET ASSETS 420,150 359,249
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 25,929 25,929
Profit and Loss Account 394,121 333,220
SHAREHOLDERS' FUNDS 420,150 359,249
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Claudius Westerhaus
Director
31/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Silvertip Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12537924 . The registered office is Berkeley Square House, Berkeley Square, London, W1J 6BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings RB15%
Computer Equipment RB25%
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 8,523
As at 31 March 2025 8,523
Amortisation
As at 1 April 2024 5,546
Provided during the period 744
As at 31 March 2025 6,290
Net Book Value
As at 31 March 2025 2,233
As at 1 April 2024 2,977
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 5,100 20,917 26,017
As at 31 March 2025 5,100 20,917 26,017
Depreciation
As at 1 April 2024 1,059 10,164 11,223
Provided during the period 606 2,831 3,437
As at 31 March 2025 1,665 12,995 14,660
Net Book Value
As at 31 March 2025 3,435 7,922 11,357
As at 1 April 2024 4,041 10,753 14,794
6. Investments
Listed
£
Cost
As at 1 April 2024 167,765
As at 31 March 2025 167,765
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 167,765
As at 1 April 2024 167,765
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Page 5
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 9,900 9,900
VAT 5,892 6,659
Amounts owed by associates 22,048 21,928
37,840 38,487
8. Current Asset Investments
2025 2024
£ £
Listed investments 44,964 247,480
Short term deposits 253,603 226,373
298,567 473,853
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,031 302
Corporation tax - 94,624
Other taxes and social security 10,709 3,775
Accruals and deferred income 8,027 7,800
Director's loan account 8 48
Amounts owed to other participating interests - 433,608
23,775 540,157
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Deferred consideration on investment assets 140,000 140,000
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Fair Value Reserve
£
As at 1 April 2024 25,929
As at 31 March 2025 25,929
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