Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01true1false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13870300 2023-01-01 2023-12-31 13870300 2022-01-25 2022-12-31 13870300 2023-12-31 13870300 2022-12-31 13870300 c:Director1 2023-01-01 2023-12-31 13870300 d:CurrentFinancialInstruments 2023-12-31 13870300 d:CurrentFinancialInstruments 2022-12-31 13870300 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13870300 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13870300 d:ShareCapital 2023-12-31 13870300 d:ShareCapital 2022-12-31 13870300 d:RetainedEarningsAccumulatedLosses 2023-12-31 13870300 d:RetainedEarningsAccumulatedLosses 2022-12-31 13870300 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13870300 c:OrdinaryShareClass1 2023-12-31 13870300 c:OrdinaryShareClass1 2022-12-31 13870300 c:FRS102 2023-01-01 2023-12-31 13870300 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13870300 c:FullAccounts 2023-01-01 2023-12-31 13870300 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13870300 d:Subsidiary1 2023-01-01 2023-12-31 13870300 d:Subsidiary1 1 2023-01-01 2023-12-31 13870300 2 2023-01-01 2023-12-31 13870300 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13870300














SILVER STREET HOLDINGS 2022 LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
REGISTERED NUMBER:13870300

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
10,976,926
426

  
10,976,926
426

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,726,500

Cash at bank and in hand
 6 
1
2,644

  
1
2,729,144

Creditors: amounts falling due within one year
 7 
(10,902,941)
(2,735,187)

Net current liabilities
  
 
 
(10,902,940)
 
 
(6,043)

Total assets less current liabilities
  
73,986
(5,617)

  

Net assets/(liabilities)
  
73,986
(5,617)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
73,886
(5,717)

  
73,986
(5,617)


The director considers 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 director acknowledges his 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 profit and loss account 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 on 13 September 2024.




S J Kofsky
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Silver Street Holdings 2022 Limited is a private company, limited by shares, registered in England and Wales, registration number 13870300. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 

The principal activity of the company continued to be that of a holding 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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements present information about the company as an individual and not about its group. The company and its subsidiary undertaking comprise a small - sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

 
2.2

Going concern

The director has reviewed the financial circumstances of the company and confirms that it continues to receive support from its director. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the Profit and loss account within 'administrative expenses'. 

 
2.4

Interest income

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

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 2

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries and associates are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

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

 
2.10

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors and creditors, loans with related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies
Loans to subsidiaries
Loans to associates
Total

£
£
£
£



Cost


At 1 January 2023
426
-
-
426


Additions
-
2,726,500
8,250,000
10,976,500



At 31 December 2023
426
2,726,500
8,250,000
10,976,926





Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Class of shares

Holding

Silver Street Properties, Unipessoal Lda
Portugal
Ordinary
85%

Page 3

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
2,726,500

-
2,726,500



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1
2,644

1
2,644



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
10,869,498
2,731,038

Corporation tax
22,906
-

Other creditors
5,077
1,074

Accruals and deferred income
5,460
3,075

10,902,941
2,735,187



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £100.00
100.00
100.00



9.


Transactions with directors

As at the year end, the company owed £4,003 (2022 - £NIL) to the director. The loans are unsecured, interest-free and repayable on demand.


10.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.
 
Page 4