2023-05-01 04101917 2024-04-30 04101917 2023-05-01 2024-04-30 04101917 2023-04-30 04101917 2022-05-01 2023-04-30 04101917 uk-core:WithinOneYear 2023-04-30 04101917 uk-core:WithinOneYear 2024-04-30 04101917 uk-core:AfterOneYear 2023-04-30 04101917 uk-core:AfterOneYear 2024-04-30 04101917 uk-core:ShareCapital 2024-04-30 04101917 uk-core:ShareCapital 2023-04-30 04101917 uk-core:InvestmentPropertiesRevaluationReserve 2024-04-30 04101917 uk-core:InvestmentPropertiesRevaluationReserve 2023-04-30 04101917 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 04101917 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 04101917 uk-bus:Director1 2023-05-01 2024-04-30 04101917 uk-core:FurnitureFittings 2023-05-01 2024-04-30 04101917 uk-core:AfterOneYear uk-core:Secured 2024-04-30 04101917 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 04101917 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04101917 uk-bus:FRS102 2023-05-01 2024-04-30 04101917 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 04101917 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Silversands Properties Limited
Registered Number:04101917
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Silversands Properties Limited
Contents Page
1 to 2
Statement of Financial Position
3
Notes to the Financial Statements
3
Registered Number :
04101917
As at 30 April 2024
Silversands Properties Limited
Abridged Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
941
1,176
4,269,309
4,227,038
Investment property
4,270,250
4,228,214
Current assets
Trade and other receivables
55,522
1,515
177,624
Cash and cash equivalents
242,944
244,459
233,146
Trade and other payables: amounts falling due within one year
(45,130)
(29,520)
188,016
214,939
Net current assets
Total assets less current liabilities
4,485,189
4,416,230
Trade and other payables: amounts falling due after more than one year
(985,300)
(985,300)
2
(626,208)
(615,609)
Provisions for liabilities
2,873,681
Net assets
2,815,321
Capital and reserves
Called up share capital
100
100
Fair value reserve
2,513,046
2,481,433
Retained earnings
360,535
333,788
2,873,681
2,815,321
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 3
4
Registered Number :
04101917
For the year ended 30 April 2024
Silversands Properties Limited
Abridged Statement of Financial Position Continued
Mr A.M. Helman Director
These financial statements were approved and authorised for issue by the Board on 27 August 2024 and were signed by:
The notes form part of these financial statements
2 of 3
5
For the year ended 30 April 2024
Silversands Properties Limited
Notes to the Financial Statements
Statutory Information
Silversands Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04101917.
Registered address:
Trinity Chambers
8 Suez Street
Warrington
Cheshire
WA1 1EG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Fixtures and fittings
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
985,300
985,300
3. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
3 of 3