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REGISTERED NUMBER: 04357112 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SILVERSTONE HOMES LIMITED

SILVERSTONE HOMES LIMITED (REGISTERED NUMBER: 04357112)






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


SILVERSTONE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M D Mullins





REGISTERED OFFICE: 23 Whitecroft Way
Beckenham
Kent
BR3 3AQ





REGISTERED NUMBER: 04357112 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

SILVERSTONE HOMES LIMITED (REGISTERED NUMBER: 04357112)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,542 30,056

CURRENT ASSETS
Stocks 1,489,506 1,459,362
Debtors 5 12,848 147,768
Cash at bank 864,433 810,754
2,366,787 2,417,884
CREDITORS
Amounts falling due within one year 6 28,809 19,708
NET CURRENT ASSETS 2,337,978 2,398,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,361,520

2,428,232

CREDITORS
Amounts falling due after more than one
year

7

12,360

22,088
NET ASSETS 2,349,160 2,406,144

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 2,349,158 2,406,142
SHAREHOLDERS' FUNDS 2,349,160 2,406,144

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 director acknowledges his 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.

SILVERSTONE HOMES LIMITED (REGISTERED NUMBER: 04357112)

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 director and authorised for issue on 27 September 2024 and were signed by:





M D Mullins - Director


SILVERSTONE HOMES LIMITED (REGISTERED NUMBER: 04357112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Silverstone Homes 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.

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.

Turnover
Turnover represents the sale proceeds of properties sold in the year as well as income generated from consultancy services provided in the year, excluding value-added tax.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 65,701
Additions 1,333
At 31 March 2024 67,034
DEPRECIATION
At 1 April 2023 35,645
Charge for year 7,847
At 31 March 2024 43,492
NET BOOK VALUE
At 31 March 2024 23,542
At 31 March 2023 30,056

SILVERSTONE HOMES LIMITED (REGISTERED NUMBER: 04357112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,848 147,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,440 10,440
Trade creditors 7,466 3,801
Taxation and social security 8,098 3,067
Other creditors 2,805 2,400
28,809 19,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,360 22,088

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M D Mullins
Balance outstanding at start of year 133,567 22,869
Amounts advanced - 110,698
Amounts repaid (133,567 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 133,567