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Registered Number: 11478786
England and Wales

 

 

 

SILVER DRAGONFLY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 320,742    319,195 
320,742    319,195 
Current assets      
Cash at bank and in hand 8,129    4,143 
Creditors: amount falling due within one year 4 (126,947)   (124,723)
Net current liabilities (118,818)   (120,580)
 
Total assets less current liabilities 201,924    198,615 
Creditors: amount falling due after more than one year 5 (183,128)   (188,942)
Net assets 18,796    9,673 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 18,794    9,671 
Shareholder's funds 18,796    9,673 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 November 2023 and were signed on its behalf by:


-------------------------------
Brian Thomas Burtle
Director
1
General Information
Silver Dragonfly Ltd is a private company, limited by shares, registered in England and Wales, registration number 11478786, registration address 10 Sandringham Meadows, Blyth, Northumberland, NE24 3AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) and under the historical cost convention except for Investment Property which is measured at fair value on each reporting date.  
Going concern basis
As with most businesses the company has been impacted by the Coronavirus (Covid-19). Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover is the amount charged to tenants in respect of rent.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings NIL Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 August 2022 319,195      319,195 
Additions   1,605    1,605 
Disposals    
At 31 July 2023 319,195    1,605    320,800 
Depreciation
At 01 August 2022    
Charge for year   58    58 
On disposals    
At 31 July 2023   58    58 
Net book values
Closing balance as at 31 July 2023 319,195    1,547    320,742 
Opening balance as at 01 August 2022 319,195      319,195 


4.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 1,777    1,306 
Accrued Expenses   (1)
Directors' Loan Account 125,170    123,418 
126,947    124,723 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 183,128    188,942 
183,128    188,942 

6.

Directors advances, credits and guarantees

Included in creditors: amounts due within one year, are amounts owed to the Directors of £125,170 (2022 - £123,418)

7.

Controlling party

For the whole of the period under review the company was under the control of Brian Burtle, director of the company.

2