Silverfin false 31/01/2023 01/02/2022 31/01/2023 G M Thornton 24/01/2019 13 October 2023 The principal activity of the Company during the financial year was that of property development. 11785537 2023-01-31 11785537 bus:Director1 2023-01-31 11785537 2022-01-31 11785537 core:CurrentFinancialInstruments 2023-01-31 11785537 core:CurrentFinancialInstruments 2022-01-31 11785537 core:ShareCapital 2023-01-31 11785537 core:ShareCapital 2022-01-31 11785537 core:RetainedEarningsAccumulatedLosses 2023-01-31 11785537 core:RetainedEarningsAccumulatedLosses 2022-01-31 11785537 core:OtherPropertyPlantEquipment 2022-01-31 11785537 core:OtherPropertyPlantEquipment 2023-01-31 11785537 2022-02-01 2023-01-31 11785537 bus:FullAccounts 2022-02-01 2023-01-31 11785537 bus:SmallEntities 2022-02-01 2023-01-31 11785537 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11785537 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11785537 bus:Director1 2022-02-01 2023-01-31 11785537 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure

Company No: 11785537 (England and Wales)

COPELAND SYKES INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

COPELAND SYKES INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

COPELAND SYKES INVESTMENTS LTD

BALANCE SHEET

As at 31 January 2023
COPELAND SYKES INVESTMENTS LTD

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 208,000 208,000
208,000 208,000
Current assets
Stocks 4 148,262 125,490
Debtors 5 100 100
Cash at bank and in hand 1,687 138
150,049 125,728
Creditors: amounts falling due within one year 6 ( 360,661) ( 335,525)
Net current liabilities (210,612) (209,797)
Total assets less current liabilities (2,612) (1,797)
Net liabilities ( 2,612) ( 1,797)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 2,712 ) ( 1,897 )
Total shareholders' deficit ( 2,612) ( 1,797)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Copeland Sykes Investments Ltd (registered number: 11785537) were approved and authorised for issue by the Director on 13 October 2023. They were signed on its behalf by:

G M Thornton
Director
COPELAND SYKES INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
COPELAND SYKES INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
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

Copeland Sykes Investments Ltd (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 P K F Francis Clarke, Towngate House 2-8, Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 15 Cerne Abbas, 46 The Avenue, Poole, Dorset, BH13 6HF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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:

Plant and machinery etc. not depreciated
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2022 208,000 208,000
At 31 January 2023 208,000 208,000
Accumulated depreciation
At 01 February 2022 0 0
At 31 January 2023 0 0
Net book value
At 31 January 2023 208,000 208,000
At 31 January 2022 208,000 208,000

4. Stocks

2023 2022
£ £
Work in progress (secured) 148,262 125,490

5. Debtors

2023 2022
£ £
Other debtors 100 100

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 8,448 47,388
Amounts owed to Group undertakings 351,513 287,513
Other creditors 700 624
360,661 335,525