Registration number:
Essenare Silverstone Limited
for the Period from 18 May 2023 to 31 May 2024
Essenare Silverstone Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Essenare Silverstone Limited
(Registration number: 14878083)
Balance Sheet as at 31 May 2024
Note |
2024 |
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Current assets |
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Debtors |
|
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Creditors: Amounts falling due within one year |
( |
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Total assets less current liabilities |
( |
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Provisions for liabilities |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(14,590) |
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Shareholders' deficit |
(14,490) |
For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Essenare Silverstone Limited
(Registration number: 14878083)
Balance Sheet as at 31 May 2024
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Essenare Silverstone Limited
Notes to the Unaudited Financial Statements for the Period from 18 May 2023 to 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date the company had net current liabilities of £775,082 and retained losses of £14,590. The directors have pledged to continue to financially support the company for the foreseeable future. On this basis, the directors feel it is appropriate to prepare these financial statements on a going concern basis.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Essenare Silverstone Limited
Notes to the Unaudited Financial Statements for the Period from 18 May 2023 to 31 May 2024
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real
estate determined annually by either an external valuer or the Director. In determining the value,
observable market prices, adjusted if necessary for any difference in the nature, location or condition
of the specific asset are used. Changes in fair value are recognised in profit or loss.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price.
Trade debtors are reviewed on an annual basis and any adjustment is made accordingly through the
profit and loss account.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Essenare Silverstone Limited
Notes to the Unaudited Financial Statements for the Period from 18 May 2023 to 31 May 2024
Debtors |
Current |
2024 |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2024 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
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No. |
£ |
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100 |
During the year, 100 Ordinary £1 Shares were issued at par value.
Related party transactions |
Transactions with directors |
2024 |
At 18 May 2023 |
Advances to director |
Repayments by director |
At 31 May 2024 |
Mr S White |
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Directors loan account |
- |
|
( |
( |
This loan is interest free and repayable on demand.
Essenare Silverstone Limited
Notes to the Unaudited Financial Statements for the Period from 18 May 2023 to 31 May 2024
Ultimate controlling party |
The ultimate controlling party is