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REGISTERED NUMBER: 12164480 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

Silver Property Corporation Limited

Silver Property Corporation Limited (Registered number: 12164480)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silver Property Corporation Limited

Company Information
for the Year Ended 31 August 2021







DIRECTOR: R W Silver





REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 12164480 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Silver Property Corporation Limited (Registered number: 12164480)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,774 9,359

CURRENT ASSETS
Debtors 5 - 8,400
Investments 6 133,325 130,000
Cash at bank 175 75,310
133,500 213,710
CREDITORS
Amounts falling due within one year 7 123,982 200,401
NET CURRENT ASSETS 9,518 13,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,292

22,668

PROVISIONS FOR LIABILITIES 789 1,778
NET ASSETS 51,503 20,890

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 51,502 20,889
51,503 20,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Silver Property Corporation Limited (Registered number: 12164480)

Balance Sheet - continued
31 August 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 August 2022 and were signed by:





R W Silver - Director


Silver Property Corporation Limited (Registered number: 12164480)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Silver Property Corporation 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Website costs - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Silver Property Corporation Limited (Registered number: 12164480)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

4. TANGIBLE FIXED ASSETS
Website Motor Office
costs vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2020 1,000 - 10,761 11,761
Additions - 47,100 - 47,100
At 31 August 2021 1,000 47,100 10,761 58,861
DEPRECIATION
At 1 September 2020 250 - 2,152 2,402
Charge for year 188 11,775 1,722 13,685
At 31 August 2021 438 11,775 3,874 16,087
NET BOOK VALUE
At 31 August 2021 562 35,325 6,887 42,774
At 31 August 2020 750 - 8,609 9,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors - 8,400

6. CURRENT ASSET INVESTMENTS
31.8.21 31.8.20
£    £   
Other 133,325 130,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Hire purchase contracts 35,325 -
Trade creditors - 2,100
Taxation and social security 85,376 52,468
Other creditors 3,281 145,833
123,982 200,401