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Registered Number: 11311523
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 January 2024

for

SILVERSANDS ESTATES LTD

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Silversands Estates Ltd for the year ended 31 January 2024 which comprise the Income Statement, the Statement of Financial Position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Silversands Estates Ltd, as a body, in accordance with the terms of our engagement letter dated 23 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Silversands Estates Ltd and state those matters that we have agreed to state to the Board ofs of Silversands Estates Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silversands Estates Ltd and its members as a body for our work or for this report.

It is your duty to ensure that Silversands Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Silversands Estates Ltd. You consider that Silversands Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Silversands Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
SOLE ASSOCIATES SVR LTD
3 PARK COURT
PYRFORD ROAD
WEST BYFLEET
KT14 6SD
23 April 2024
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks   1,995,226 
Debtors: amounts falling due within one year 2,085,386    37,321 
Cash at bank and in hand 309,583    3,026 
2,394,969    2,035,573 
Creditors: amount falling due within one year (99,444)   (175,944)
Net current assets 2,295,525    1,859,629 
 
Total assets less current liabilities 2,295,525    1,859,629 
Creditors: amount falling due after more than one year   (1,867,226)
Net assets 2,295,525    (7,597)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 2,295,425    (7,698)
Shareholder's funds 2,295,525    (7,598)
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 23 April 2024 and were signed by:


-------------------------------
Ms M Al-Khalil
Director
2
General Information
Silversands Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 11311523, registration address 3 Park Court, Pyrford Road, West Byfleet, Surrey, KT14 6SD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2024   2023
 
Average number of employees during the year Number   Number
Administration 1    1 
 

3.

Average number of employees

The average number of employees including the director during the period was 1 - (2023-1). 
Average number of employees during the year was 1 (2023 : 1).
4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3