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REGISTERED NUMBER: 07018723 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Silver House UK Ltd

Silver House UK Ltd (Registered number: 07018723)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silver House UK Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mrs O Tsvetkova





REGISTERED OFFICE: 13 Wharf House
1 West Street
Erith
Kent
DA8 1AE





REGISTERED NUMBER: 07018723 (England and Wales)





ACCOUNTANTS: Haywoods
Kevan Pilling House
1 Myrtle Street
Bolton
Lancashire
BL1 3AH

Silver House UK Ltd (Registered number: 07018723)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 695,500 695,500

CURRENT ASSETS
Cash at bank 36,757 23,085

CREDITORS
Amounts falling due within one year 5 20,826 10,032
NET CURRENT ASSETS 15,931 13,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,431

708,553

CREDITORS
Amounts falling due after more than one
year

6

(482,026

)

(482,026

)

PROVISIONS FOR LIABILITIES (35,129 ) (35,129 )
NET ASSETS 194,276 191,398

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 149,762 149,762
Retained earnings 43,514 40,636
SHAREHOLDERS' FUNDS 194,276 191,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 House UK Ltd (Registered number: 07018723)

Balance Sheet - continued
30 September 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 3 April 2024 and were signed by:





Mrs O Tsvetkova - Director


Silver House UK Ltd (Registered number: 07018723)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Silver House UK Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts invoiced for the provision of property management services and property rental, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 695,500
NET BOOK VALUE
At 30 September 2023 695,500
At 30 September 2022 695,500

Silver House UK Ltd (Registered number: 07018723)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2023 is represented by:

Land and
buildings
£   
Valuation in 2018 40,735
Valuation in 2020 41,500
Valuation in 2022 102,656
Cost 510,609
695,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,004 9,049
Taxation and social security 1,144 347
Other creditors 678 636
20,826 10,032

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 482,026 482,026

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 167,881 161,016

The Mortgage Works (UK) PLC holds a fixed and floating charge over the properties and assets of the company.

8. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 149,762

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs O Tsvetkova.