Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10876685 2022-08-01 2023-07-31 10876685 2021-08-01 2022-07-31 10876685 2023-07-31 10876685 2022-07-31 10876685 c:Director2 2022-08-01 2023-07-31 10876685 d:OfficeEquipment 2022-08-01 2023-07-31 10876685 d:OfficeEquipment 2023-07-31 10876685 d:OfficeEquipment 2022-07-31 10876685 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10876685 d:CurrentFinancialInstruments 2023-07-31 10876685 d:CurrentFinancialInstruments 2022-07-31 10876685 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10876685 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10876685 d:ShareCapital 2023-07-31 10876685 d:ShareCapital 2022-07-31 10876685 d:RetainedEarningsAccumulatedLosses 2023-07-31 10876685 d:RetainedEarningsAccumulatedLosses 2022-07-31 10876685 c:OrdinaryShareClass1 2022-08-01 2023-07-31 10876685 c:OrdinaryShareClass1 2023-07-31 10876685 c:OrdinaryShareClass1 2022-07-31 10876685 c:FRS102 2022-08-01 2023-07-31 10876685 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10876685 c:FullAccounts 2022-08-01 2023-07-31 10876685 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10876685 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10876685









SILVER JETTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
SILVER JETTY LIMITED
REGISTERED NUMBER: 10876685

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
648
1,179

  
648
1,179

Current assets
  

Debtors: amounts falling due within one year
 5 
13,355
10,346

Cash at bank and in hand
 6 
1,452
29,909

  
14,807
40,255

Creditors: amounts falling due within one year
 7 
(135,275)
(134,267)

Net current liabilities
  
 
 
(120,468)
 
 
(94,012)

Total assets less current liabilities
  
(119,820)
(92,833)

  

Net liabilities
  
(119,820)
(92,833)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(119,920)
(92,933)

  
(119,820)
(92,833)


Page 1

 
SILVER JETTY LIMITED
REGISTERED NUMBER: 10876685
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P E Gbedemah
Director

Date: 8 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SILVER JETTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Silver Jetty Limited is a private company, limited by shares and incorporated in England and Wales (registered number 10876685). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its beneficial owners to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SILVER JETTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SILVER JETTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2022
7,555



At 31 July 2023

7,555



Depreciation


At 1 August 2022
6,376


Charge for the year on owned assets
531



At 31 July 2023

6,907



Net book value



At 31 July 2023
648



At 31 July 2022
1,179


5.


Debtors

2023
2022
£
£


Trade debtors
10,800
7,800

Other debtors
900
900

Prepayments and accrued income
1,655
1,646

13,355
10,346



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,452
29,909

1,452
29,909


Page 5

 
SILVER JETTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
9,680
17,767

Other creditors
120,940
115,000

Accruals and deferred income
4,655
1,500

135,275
134,267



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 6