Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr W S Daniels 26/11/2004 Miss R A Daniels 04/03/2024 Mr W M Daniels 04/03/2024 22 October 2024 The principal activity during the year was that of a land and property investment company. 04958954 2024-03-31 04958954 bus:Director1 2024-03-31 04958954 bus:Director2 2024-03-31 04958954 bus:Director3 2024-03-31 04958954 2023-03-31 04958954 core:CurrentFinancialInstruments 2024-03-31 04958954 core:CurrentFinancialInstruments 2023-03-31 04958954 core:ShareCapital 2024-03-31 04958954 core:ShareCapital 2023-03-31 04958954 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04958954 core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 04958954 core:RetainedEarningsAccumulatedLosses 2024-03-31 04958954 core:RetainedEarningsAccumulatedLosses 2023-03-31 04958954 core:CurrentFinancialInstruments 1 2024-03-31 04958954 core:CurrentFinancialInstruments 1 2023-03-31 04958954 bus:OrdinaryShareClass1 2024-03-31 04958954 2023-04-01 2024-03-31 04958954 bus:FilletedAccounts 2023-04-01 2024-03-31 04958954 bus:SmallEntities 2023-04-01 2024-03-31 04958954 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04958954 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04958954 bus:Director1 2023-04-01 2024-03-31 04958954 bus:Director2 2023-04-01 2024-03-31 04958954 bus:Director3 2023-04-01 2024-03-31 04958954 2022-04-01 2023-03-31 04958954 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04958954 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04958954 (England and Wales)

W DANIELS 2004 LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

W DANIELS 2004 LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

W DANIELS 2004 LIMITED

BALANCE SHEET

As at 31 March 2024
W DANIELS 2004 LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 472,935 472,935
472,935 472,935
Current assets
Debtors 4 0 65
Cash at bank and in hand 276,808 219,821
276,808 219,886
Creditors: amounts falling due within one year 5 ( 311,689) ( 376,005)
Net current liabilities (34,881) (156,119)
Total assets less current liabilities 438,054 316,816
Provision for liabilities ( 55,348) ( 55,348)
Net assets 382,706 261,468
Capital and reserves
Called-up share capital 6 1 1
Fair value reserve 170,578 170,578
Profit and loss account 212,127 90,889
Total shareholder's funds 382,706 261,468

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

Directors' responsibilities:

The financial statements of W Daniels 2004 Limited (registered number: 04958954) were approved and authorised for issue by the Board of Directors on 22 October 2024. They were signed on its behalf by:

Mr W M Daniels
Director
W DANIELS 2004 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
W DANIELS 2004 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W Daniels 2004 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit L Wallsend Industrial Estate, Cattedown, Plymouth, PL4 0RW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the rental of land and property is recognised in the period to which occupancy occurred.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 472,935
As at 31 March 2024 472,935

Valuation

The directors reviewed the previous valuations of the investment properties during the year, against the market values of comparable real estate and determined that no fair value movements were required.

4. Debtors

2024 2023
£ £
Other debtors 0 65

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to connected companies 272,030 362,324
Taxation and social security 38,609 12,731
Other creditors 1,050 950
311,689 376,005

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1