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REGISTERED NUMBER: 08797167 (England and Wales)











Financial Statements

for the Year Ended 31 December 2023

for

SILVERLAKE TRADING LIMITED

SILVERLAKE TRADING LIMITED (REGISTERED NUMBER: 08797167)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVERLAKE TRADING LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr C Pfundstein





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 08797167 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SILVERLAKE TRADING LIMITED (REGISTERED NUMBER: 08797167)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 495,699 495,699

CURRENT ASSETS
Cash at bank 2,335 8,079

CREDITORS
Amounts falling due within one year 5 164,733 163,510
NET CURRENT LIABILITIES (162,398 ) (155,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,301

340,268

CREDITORS
Amounts falling due after more than one year 6 377,812 383,812
NET LIABILITIES (44,511 ) (43,544 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (44,611 ) (43,644 )
SHAREHOLDERS' FUNDS (44,511 ) (43,544 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 12 September 2024 and were signed by:





Mr C Pfundstein - Director


SILVERLAKE TRADING LIMITED (REGISTERED NUMBER: 08797167)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Silverlake Trading 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.

Turnover
Turnover represents rental income and service charges received, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and have therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 495,699
NET BOOK VALUE
At 31 December 2023 495,699
At 31 December 2022 495,699

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 160,350 161,350
Accruals and deferred income 4,383 2,160
164,733 163,510

SILVERLAKE TRADING LIMITED (REGISTERED NUMBER: 08797167)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yr by instal 377,812 383,812

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 377,812 383,812

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £160,350 (2022: £161,350) to the director. The amount is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Pfundstein.