Company registration number 12527234 (England and Wales)
SILCO HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
SILCO HOMES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SILCO HOMES LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
64,617
38,022
Investments
4
1,140,433
724,096
Cash at bank and in hand
1,340
4,078
1,206,390
766,196
Creditors: amounts falling due within one year
5
(1,206,378)
(766,184)
Net current assets
12
12
Capital and reserves
Called up share capital
12
12
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 March 2024 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.
The financial statements were approved and signed by the director and authorised for issue on 10 October 2024
Afsar Uddin
Director
Company Registration No. 12527234
SILCO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Silco Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Soho House, 362 - 364 Soho Road, Birmingham, UK, B21 9QL.
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
64,617
38,022
4
Current asset investments
2024
2023
£
£
Investment properties
1,140,433
724,096
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
14,114
20,452
Other creditors
1,192,264
745,732
1,206,378
766,184
SILCO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
6
Related Party Disclosures
As at 31 March 2024 the following balances, included in other creditors due within one year, were amounts due to related companies:
Bengal Spice Trading Ltd
2024: £36,500
2023: Nil
Saffron (Cannington) Ltd
2024: £28,000
2023: £15,000
Watchet Spice Ltd
2024: £146,999
2023: £108,999
The Mariner Guest House Ltd
2024: £94,620
2023: £81,500
Zaman & Zaman Ltd
2024: £ 75,189
2023: £5,189
The above balances are repayable on demand.
7
Ultimate Controlling Party
The ultimate controlling party is Afsar Uddin.