Company registration number 08404725 (England and Wales)
SILVERBROOK HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SILVERBROOK HOLDINGS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SILVERBROOK HOLDINGS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
4
4,366,893
4,366,893
Investments
5
5,621,810
5,271,810
9,988,703
9,638,703
Current assets
Debtors
6
53,992
53,992
Cash at bank and in hand
944,518
1,146,922
998,510
1,200,914
Creditors: amounts falling due within one year
7
(1,900,448)
(1,587,263)
Net current liabilities
(901,938)
(386,349)
Total assets less current liabilities
9,086,765
9,252,354
Creditors: amounts falling due after more than one year
8
(3,581,773)
(3,747,362)
Net assets
5,504,992
5,504,992
Capital and reserves
Called up share capital
2,366,534
2,366,534
Share premium account
3,138,324
3,138,324
Profit and loss reserves
134
134
Total equity
5,504,992
5,504,992

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SILVERBROOK HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 25 September 2024
J R ElBahou
Director
Company Registration No. 08404725
SILVERBROOK HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Silverbrook Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Rex House, Regent Street, St James's, London, Greater London, United Kingdom, SW1Y 4RG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

1.4
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.

SILVERBROOK HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
3
4
Investment property
2023
£
Fair value
At 1 January 2023 and 31 December 2023
4,366,893
5
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
5,621,810
5,271,810
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
5,271,810
Additions
350,000
At 31 December 2023
5,621,810
Carrying amount
At 31 December 2023
5,621,810
At 31 December 2022
5,271,810
SILVERBROOK HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
53,992
53,992

See note 9 for further detail.

7
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,600,010
1,250,010
Other creditors
300,438
337,253
1,900,448
1,587,263
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
3,581,773
3,747,362
9
Related party transactions

Other debtors disclosed in note 6 to these financial statements includes £50,000 representing unpaid share capital in the company (2022: unpaid share capital totalling £50,000).

10
Ultimate controlling party

The company is a 100% subsidiary of JRRL (PTC) Ltd, a company registered in the British Virgin Islands.

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