2023-02-01 2024-01-31 13843762 SILVER CIRCLE PROPERTY 1 LTD false 13843762 2023-02-01 2024-01-31 13843762 uk-bus:Director1 2023-02-01 2024-01-31 13843762 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13843762 uk-bus:SmallEntities 2023-02-01 2024-01-31 13843762 uk-bus:FullAccounts 2023-02-01 2024-01-31 13843762 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13843762 2023-02-01 13843762 2024-01-31 13843762 2023-01-31 xbrli:pure iso4217:GBP 13843762 2022-02-01 2023-01-31
Company Registration Number : 13843762 (England and Wales)
13843762
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-01-31
false
SILVER CIRCLE PROPERTY 1 LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-02-01
SILVER CIRCLE PROPERTY 1 LTD
Unaudited filleted financial statements
For the year ended 31 January 2024
SILVER CIRCLE PROPERTY 1 LTD
Contents
For the year ended 31 January 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


SILVER CIRCLE PROPERTY 1 LTD
Company Information
For the year ended 31 January 2024

Company registration number 13843762 (England and Wales)
Directors Ajay Gudka
Jesol Umeria
Company secretary Ajay Gudka
Registered office address 1 Runnelfield
South Hill Avenue
Harrow
Middlesex
HA1 3NY
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
SILVER CIRCLE PROPERTY 1 LTD
Statement of Financial Position
For the year ended 31 January 2024

2024 2023
Notes £ £
Fixed assets
Investment Property 1,048,700 -
5 1,048,700 -
Current assets
Debtors 2 95,002
Cash and cash equivalents 123 -
125 95,002
Current liabilities
Creditors: Amounts falling due within one year (381,948) (95,960)
(381,948) (95,960)
Net current (liabilities)/assets (381,823) (958)
Total assets less current liabilities 666,877 (958)
Non-current liabilities
Creditors: Amounts falling due after more than one year (705,000) -
Net (liabilities)/assets (38,123) (958)
Capital and reserves
Called up share capital 2 2
Retained earnings (38,125) (960)
Shareholders' funds (38,123) (958)
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 October 2024
.............................
Ajay Gudka (Director)
Company registration number: 13843762
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-01-31 31 January 2024
2024 2023
£ £
Fixed Assets 1,048,700 0
Current Assets 125 95,002
Creditors: amounts falling due within one year (381,948) (95,960)
Net current assets (liabilities) (381,823) (958)
Total assets less current liabilities 666,877 (958)
CREDITORS: Amounts falling due more than one year (705,000) 0
Net Assets (liabilities) (38,123) (958)
Capital and Reserves (38,123) (958)
For the year ending 31/01/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-01-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 11 October 2024 2024-10-07 and signed on behalf of the board,
.............................
Ajay Gudka
Director
Company registration number: 13843762
SILVER CIRCLE PROPERTY 1 LTD
Notes to the Financial Statements
For the year ended 31 January 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 1 Runnelfield, South Hill Avenue, Harrow, Middlesex, HA1 3NY.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Investments
Property
£
Cost
Additions1,048,700
As at 31 January 20241,048,700
Depreciation/Amortisation
As at 31 January 2024-
Net book value
As at 31 January 20241,048,700
As at 31 January 2023-

(6) Investment Properties
These financial statements for the period ended 31 January 2024 are the financial statements of the company prepared in
accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is
being measured at a fair value under FRS 102 1a and there are no fair value gains or losses recognised during the period.

(7) Creditors > 1 year (Mortgage loan)
The mortgage loans are secured on the Investment property.