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REGISTERED NUMBER: 07690970 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

SILVER CLOUD VENTURES LIMITED

SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVER CLOUD VENTURES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J N D Stelzer
Mrs A R Stelzer





REGISTERED OFFICE: 19 Holne Chase
London
N2 0QL





REGISTERED NUMBER: 07690970 (England and Wales)





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

SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,933 121,007
Investments 5 8,100,920 8,277,315
Investment property 6 1,165,610 1,165,610
9,361,463 9,563,932

CURRENT ASSETS
Debtors 7 1,925,527 1,605,188
Cash at bank 2,356,384 1,434,397
4,281,911 3,039,585
CREDITORS
Amounts falling due within one year 8 2,626,409 2,439,848
NET CURRENT ASSETS 1,655,502 599,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,016,965

10,163,669

CREDITORS
Amounts falling due after more than one year 9 - (24,007 )

PROVISIONS FOR LIABILITIES 11 (318,869 ) (287,911 )
NET ASSETS 10,698,096 9,851,751

CAPITAL AND RESERVES
Called up share capital 12 41 41
Share premium 303,028 303,028
Fair value reserve 902,381 792,095
Retained earnings 9,492,646 8,756,587
SHAREHOLDERS' FUNDS 10,698,096 9,851,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr J N D Stelzer - Director


SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Silver Cloud Ventures 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.

Turnover
Turnover represents income from various investments.

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 - 25% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,643 134,509 5,839 155,991
Additions - 49,715 6,862 56,577
Disposals - (53,635 ) (5,839 ) (59,474 )
At 31 March 2024 15,643 130,589 6,862 153,094
DEPRECIATION
At 1 April 2023 8,381 25,508 1,095 34,984
Charge for year 3,911 36,244 1,716 41,871
Eliminated on disposal - (17,599 ) (1,095 ) (18,694 )
At 31 March 2024 12,292 44,153 1,716 58,161
NET BOOK VALUE
At 31 March 2024 3,351 86,436 5,146 94,933
At 31 March 2023 7,262 109,001 4,744 121,007

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Other investments not loans 8,100,920 8,277,315

Additional information is as follows:
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 5,034,445 1,201,031 6,235,476
Additions 264,282 74,746 339,028
Disposals (713,171 ) (24,270 ) (737,441 )
Revaluations 440,780 - 440,780
At 31 March 2024 5,026,336 1,251,507 6,277,843
NET BOOK VALUE
At 31 March 2024 5,026,336 1,251,507 6,277,843
At 31 March 2023 5,034,445 1,201,031 6,235,476

SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2024 478,110 725,065 1,203,175
Cost 4,548,226 526,442 5,074,668
5,026,336 1,251,507 6,277,843

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investment in subsidiaries 2,041,839 2,041,839
Investment in subsidiaries (218,762 ) -
1,823,077 2,041,839

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Racemoor Ltd
Registered office: 19 Holne Chase, London, N2 0QL
Nature of business: Property development and trading
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 1,217,293 1,186,955
Profit for the year 30,338 7,515

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,165,610
NET BOOK VALUE
At 31 March 2024 1,165,610
At 31 March 2023 1,165,610

SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,203 36,666
Amounts owed by group undertakings 4,154 10,059
Other debtors 1,812,159 1,511,990
Prepayments and accrued income 76,011 46,473
1,925,527 1,605,188

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) - 9,600
Other loans (see note 10) - 194,000
Amounts owed to group undertakings 1,254,563 621,577
Tax 272,772 152,458
Social security and other taxes 2,730 (5,615 )
VAT 13,654 22,350
Other creditors 148,960 144,592
Directors' current accounts 880,926 1,226,750
Accruals and deferred income 52,804 74,136
2,626,409 2,439,848

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) - 24,007

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 9,600
Other loans - 194,000
- 203,600

Amounts falling due between one and two years:
Bank loans - 1-2 years - 9,600

Amounts falling due between two and five years:
Bank loans - 2-5 years - 14,407

SILVER CLOUD VENTURES LIMITED (REGISTERED NUMBER: 07690970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 318,869 287,911

Deferred
tax
£   
Balance at 1 April 2023 287,911
Provided during year 30,958
Balance at 31 March 2024 318,869

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 A Ordinary £1 4 4
1 B Ordinary £1 1 1
11 C Ordinary £1 11 11
11 D Ordinary £1 11 11
11 E Ordinary £1 11 11
1 E1 Ordinary £1 1 1
1 D1 Ordinary £1 1 1
1 C1 Ordinary £1 1 1
41 41

13. TRANSACTIONS WITH DIRECTORS

At the balance sheet date the company owed the directors £880,926 (2023: £1,226,750).

14. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £661,095 (2023: was owed £10,059) to Silver Cloud Capital LLP, £nil (2023: £28,110) to Berfors Finance Ltd and £593,467 (2023 £593,467) to Racemoor Ltd.

15. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J N D Stelzer.