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REGISTERED NUMBER: 04334039 (England and Wales)



















SILVER OAK ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SILVER OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


SILVER OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,487 -
Investment property 5 2,740,000 2,758,000
2,786,487 2,758,000

CURRENT ASSETS
Cash at bank 145,674 121,625

CREDITORS
Amounts falling due within one year 6 12,221 27,097
NET CURRENT ASSETS 133,453 94,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,919,940

2,852,528

CREDITORS
Amounts falling due after more than one
year

7

(880,716

)

(844,308

)

PROVISIONS FOR LIABILITIES (219,018 ) (223,518 )
NET ASSETS 1,820,206 1,784,702

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,136,935 1,150,435
Retained earnings 683,171 634,167
1,820,206 1,784,702

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 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 OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Dr R Goel - Director


SILVER OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)

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

1. STATUTORY INFORMATION

Silver Oak Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04334039

Registered office: Oakwood
Priory Close
Chislehurst
BR7 5LB

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% 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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


SILVER OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 225 - 225
Additions - 48,090 48,090
Disposals (225 ) - (225 )
At 31 December 2023 - 48,090 48,090
DEPRECIATION
At 1 January 2023 225 - 225
Charge for year - 1,603 1,603
Eliminated on disposal (225 ) - (225 )
At 31 December 2023 - 1,603 1,603
NET BOOK VALUE
At 31 December 2023 - 46,487 46,487
At 31 December 2022 - - -

SILVER OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,758,000
Revaluations (18,000 )
At 31 December 2023 2,740,000
NET BOOK VALUE
At 31 December 2023 2,740,000
At 31 December 2022 2,758,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 1,506,000
Valuation in 2020 280,000
Valuation in 2021 (157,500 )
Valuation in 2022 (229,500 )
Valuation in 2023 (18,000 )
Cost 1,359,000
2,740,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,359,000 1,359,000

The investment properties were valued on an open market basis on 31 December 2023 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,618 -
Taxation and social security 591 25,162
Other creditors 4,012 1,935
12,221 27,097

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 377,345 364,897
Hire purchase contracts 29,202 -
Other creditors 474,169 479,411
880,716 844,308

SILVER OAK ENTERPRISES LIMITED (REGISTERED NUMBER: 04334039)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 36,820 -

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 1,150,435
Surplus on revaluation (18,000 )
Profit and loss account deferred tax 4,500

At 31 December 2023 1,136,935