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Registration number: 13287466

Silvermoon Property Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Silvermoon Property Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Silvermoon Property Solutions Ltd

Company Information

Director

Mr Niall Patrick Griffin

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

Property Tax Advice Ltd
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Silvermoon Property Solutions Ltd

(Registration number: 13287466)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

818

754

Current assets

 

Debtors

6

882

645

Cash at bank and in hand

 

13

13

 

895

658

Creditors: Amounts falling due within one year

7

(769)

(932)

Net current assets/(liabilities)

 

126

(274)

Total assets less current liabilities

 

944

480

Creditors: Amounts falling due after more than one year

7

(31,427)

(19,317)

Net liabilities

 

(30,483)

(18,837)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(31,483)

(19,837)

Shareholders' deficit

 

(30,483)

(18,837)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

Approved and authorised by the director on 17 October 2024
 

.........................................

.........................................
Mr Niall Patrick Griffin
Director

 

Silvermoon Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 17 October 2024.

2

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25 % Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Silvermoon Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

382

271

 

Silvermoon Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

1,083

1,083

Additions

446

446

At 31 January 2024

1,529

1,529

Depreciation

At 1 February 2023

329

329

Charge for the year

382

382

At 31 January 2024

711

711

Carrying amount

At 31 January 2024

818

818

At 31 January 2023

754

754

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

410

368

Prepayments

 

472

203

Other debtors

 

-

74

   

882

645

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

(54)

17

Accruals and deferred income

823

915

769

932

Creditors: amounts falling due after more than one year

 

Silvermoon Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7

Creditors (continued)

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

31,427

19,317

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

31,427

19,317