Silverfin false false 30/04/2025 01/05/2024 30/04/2025 B J B Slade 22/01/2013 20 January 2026 The principal activity of the company is to act as a member of Maitland Walker LLP. 08370111 2025-04-30 08370111 bus:Director1 2025-04-30 08370111 2024-04-30 08370111 core:CurrentFinancialInstruments 2025-04-30 08370111 core:CurrentFinancialInstruments 2024-04-30 08370111 core:Non-currentFinancialInstruments 2025-04-30 08370111 core:Non-currentFinancialInstruments 2024-04-30 08370111 core:ShareCapital 2025-04-30 08370111 core:ShareCapital 2024-04-30 08370111 core:RetainedEarningsAccumulatedLosses 2025-04-30 08370111 core:RetainedEarningsAccumulatedLosses 2024-04-30 08370111 core:Vehicles 2024-04-30 08370111 core:Vehicles 2025-04-30 08370111 core:CostValuation 2024-04-30 08370111 core:FurtherSpecificIncreaseDecreaseInInvestments2ComponentTotalChangeInInvestments 2025-04-30 08370111 core:CostValuation 2025-04-30 08370111 2024-05-01 2025-04-30 08370111 bus:FilletedAccounts 2024-05-01 2025-04-30 08370111 bus:SmallEntities 2024-05-01 2025-04-30 08370111 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 08370111 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 08370111 bus:Director1 2024-05-01 2025-04-30 08370111 core:Vehicles core:TopRangeValue 2024-05-01 2025-04-30 08370111 2023-05-01 2024-04-30 08370111 core:Vehicles 2024-05-01 2025-04-30 08370111 core:CurrentFinancialInstruments 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Company No: 08370111 (England and Wales)

# STAPLECOTE LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

STAPLECOTE LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

STAPLECOTE LIMITED

## BALANCE SHEET

As at 30 April 2025
STAPLECOTE LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 27,390 |  | 35,275
Investments | 4 | 153,750 |  | 193,000
|  | 181,140 |  | 228,275
Current assets |  |  |  |
Debtors | 5 | 1,321 |  | 52,199
Cash at bank and in hand |  | 1,184 |  | 2,636
|  | 2,505 |  | 54,835
Creditors: amounts falling due within one year | 6 | ( 99,230) |  | ( 78,328)
Net current liabilities |  | (96,725) |  | (23,493)
Total assets less current liabilities |  | 84,415 |  | 204,782
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 24,545)
Net assets |  | 84,415 |  | 180,237
Capital and reserves |  |  |  |
Called-up share capital |  | 10 |  | 10
Profit and loss account |  | 84,405 |  | 180,227
Total shareholder's funds |  | 84,415 |  | 180,237

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Staplecote Limited (registered number: 08370111) were approved and authorised for issue by the Director on 20 January 2026. They were signed on its behalf by:

B J B Slade Director |

STAPLECOTE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
STAPLECOTE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Staplecote 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 Staplecote Rectory Drive, Staplegrove, Taunton, TA2 6AP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover consists of profit share from Maitland Walker LLP and is recognised on an accruals basis.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### 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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### 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.

##### Investments

Investments in unquoted businesses where fair value cannot be measured reliably is measured at cost less impairment.

##### Creditors

Other creditors comprise amounts payable to Maitland Walker LLP, accruals for expenses payable and amounts owed to the director. Other creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Vehicles |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 53,673 |  | 53,673
At 30 April 2025 | 53,673 |  | 53,673
Accumulated depreciation |  |  |
At 01 May 2024 | 18,398 |  | 18,398
Charge for the financial year | 7,885 |  | 7,885
At 30 April 2025 | 26,283 |  | 26,283
Net book value |  |  |
At 30 April 2025 | 27,390 |  | 27,390
At 30 April 2024 | 35,275 |  | 35,275

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 May 2024 | 193,000 |  | 193,000
Transfer between non-current investment to current assets/liabilities | ( 39,250) |  | ( 39,250)
At 30 April 2025 | 153,750 |  | 153,750
Carrying value at 30 April 2025 | 153,750 |  | 153,750
Carrying value at 30 April 2024 | 193,000 |  | 193,000

During the year, £39,250 of the capital account held in Maitland Walker was transferred to the current account within the LLP. The capital account represents the long-term investment in the LLP and is presented as an “other fixed asset investment”. Current account balances with the LLP are presented as current assets/liabilities depending on their nature.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 1,321 |  | 52,199

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to associates | 7,943 |  | 45,686
Taxation and social security | 49,791 |  | 18,816
Obligations under finance leases and hire purchase contracts (secured) | 24,553 |  | 3,807
Other creditors | 16,943 |  | 10,019
| 99,230 |  | 78,328

Within obligations under finance leases and hire purchase contracts is a hire purchase contract, which is secured against the underlying asset. The carrying value of this asset is £27,390 (2024: £35,275)

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 0 |  | 24,545

#### 8. Related party transactions

The directors' loan account is repayable on demand, and interest has been charged on an overdrawn balance exceeding £10,000 at the official HMRC rates.
At 01 May 2024, the balance owed by the director was £51,641. During the year, the company made advances to the director amounting to £72,243 and received repayments of £123,884, leaving a balance due from the director of £nil.
At 01 May 2023, the balance owed by the director was £145,556. During the year, the company made advances to the director amounting to £166,664 and received repayments of £260,579, leaving a balance owed by the director of £51,641.