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REGISTERED NUMBER: 03000172 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SILVERGLADES INVESTMENTS LIMITED

SILVERGLADES INVESTMENTS LIMITED (REGISTERED NUMBER: 03000172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVERGLADES INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: I L M Phoenix
M A Phoenix
R N Phoenix





SECRETARY: I L M Phoenix





REGISTERED OFFICE: 72 Newman Street
London
W1T 3EH





REGISTERED NUMBER: 03000172 (England and Wales)





ACCOUNTANTS: Graham Latham Limited
Hedge House
Hangersley Hill
Ringwood
Hampshire
BH24 3JW

SILVERGLADES INVESTMENTS LIMITED (REGISTERED NUMBER: 03000172)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,330 2,589
Investment property 5 867,000 867,000
869,330 869,589

CURRENT ASSETS
Debtors 6 371,299 378,822

CREDITORS
Amounts falling due within one year 7 248,543 32,818
NET CURRENT ASSETS 122,756 346,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,086

1,215,593

CREDITORS
Amounts falling due after more than one year 8 134,330 358,976
NET ASSETS 857,756 856,617

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 10 427,313 427,313
Retained earnings 430,440 429,301
SHAREHOLDERS' FUNDS 857,756 856,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

SILVERGLADES INVESTMENTS LIMITED (REGISTERED NUMBER: 03000172)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on its behalf by:





I L M Phoenix - Director


SILVERGLADES INVESTMENTS LIMITED (REGISTERED NUMBER: 03000172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Silverglades Investments Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value
is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 16,365
DEPRECIATION
At 1 April 2017 13,776
Charge for year 259
At 31 March 2018 14,035
NET BOOK VALUE
At 31 March 2018 2,330
At 31 March 2017 2,589

SILVERGLADES INVESTMENTS LIMITED (REGISTERED NUMBER: 03000172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 867,000
NET BOOK VALUE
At 31 March 2018 867,000
At 31 March 2017 867,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2012 867,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.18 31.3.17
£    £   
Cost 439,687 439,687

Investment properties were valued on an open market basis on 29 August 2012 by the directors .

The directors are of the opinion that the current market value is not significantly different from that shown in the accounts.

6. DEBTORS
31.3.18 31.3.17
£    £   
Amounts falling due within one year:
Other debtors 31,299 33,822

Amounts falling due after more than one year:
Other debtors 340,000 345,000

Aggregate amounts 371,299 378,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 234,701 18,012
Taxation and social security 1,735 4,827
Other creditors 12,107 9,979
248,543 32,818

SILVERGLADES INVESTMENTS LIMITED (REGISTERED NUMBER: 03000172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans 134,330 358,976

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 365,031 376,702

The bank loan is secured by a legal charge over the freehold properties of the company.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2017
and 31 March 2018 427,313