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REGISTERED NUMBER: 03706104 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

FOR

SILVERCROWN INVESTMENTS LIMITED

SILVERCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 03706104)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVERCROWN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023







DIRECTOR: C J Gray





SECRETARY: A C Gray





REGISTERED OFFICE: Mapledene Barn
Tye Road
Guston
DOVER
Kent
CT15 5EY





REGISTERED NUMBER: 03706104 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

SILVERCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 03706104)

BALANCE SHEET
31 MARCH 2023

31.3.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investment property 5 2,305,000 1,794,000
2,305,002 1,794,002

CURRENT ASSETS
Debtors 6 4,382 5,513
Cash at bank 18,880 18,261
23,262 23,774
CREDITORS
Amounts falling due within one year 7 144,609 145,433
NET CURRENT LIABILITIES (121,347 ) (121,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,183,655

1,672,343

CREDITORS
Amounts falling due after more than one
year

8

(121,060

)

(176,270

)

PROVISIONS FOR LIABILITIES (350,017 ) (135,223 )
NET ASSETS 1,712,578 1,360,850

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,712,576 1,360,848
SHAREHOLDERS' FUNDS 1,712,578 1,360,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

SILVERCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 03706104)

BALANCE SHEET - continued
31 MARCH 2023


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 17 November 2023 and were signed by:





C J Gray - Director


SILVERCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 03706104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Silvercrown 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years

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.

Taxation
Taxation for the period 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 period 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 period was 1 (2022 - 1 ) .

SILVERCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 03706104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 31 March 2023 2,943
DEPRECIATION
At 1 March 2022
and 31 March 2023 2,941
NET BOOK VALUE
At 31 March 2023 2
At 28 February 2022 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,794,000
Revaluations 511,000
At 31 March 2023 2,305,000
NET BOOK VALUE
At 31 March 2023 2,305,000
At 28 February 2022 1,794,000

The fair value of investment properties at the year end, as determined by the director, was £2,305,000 (2022: £1,794,000). Valuation in 2023 was £511,000 (2022: £149,000). Total revaluations from incorporation to 2021 is £809,978.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Prepayments and accrued income 4,382 5,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Bank loans and overdrafts (see note 9) 15,075 24,731
Corporation Tax 13,023 6,962
Directors' current accounts 110,482 110,482
Accruals and deferred income 6,029 3,258
144,609 145,433

SILVERCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 03706104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 28.2.22
£    £   
Bank loans (see note 9) 121,060 176,270

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,759 115,969

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 15,075 24,731

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,075 15,075

Amounts falling due between two and five years:
Bank loans - 2-5 years 45,226 45,226

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,759 115,969

10. SECURED DEBTS

Bank loans of £136,135 (2022: £201,001) are secured on the investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 28.2.22
value: £    £   
2 Ordinary 2 2 2

12. RESERVES

An amount of £823,755 in retained earnings is non-distributable.