Silverfin false false 31/03/2024 01/04/2023 31/03/2024 M Maple 03/10/2023 23/04/2018 E Maple 20/08/2021 25 September 2024 The principal activity of the Company during the financial year was that of property investment. 11322325 2024-03-31 11322325 bus:Director1 2024-03-31 11322325 bus:Director2 2024-03-31 11322325 2023-03-31 11322325 core:CurrentFinancialInstruments 2024-03-31 11322325 core:CurrentFinancialInstruments 2023-03-31 11322325 core:Non-currentFinancialInstruments 2024-03-31 11322325 core:Non-currentFinancialInstruments 2023-03-31 11322325 core:ShareCapital 2024-03-31 11322325 core:ShareCapital 2023-03-31 11322325 core:RetainedEarningsAccumulatedLosses 2024-03-31 11322325 core:RetainedEarningsAccumulatedLosses 2023-03-31 11322325 core:CurrentFinancialInstruments core:Secured 2024-03-31 11322325 2023-04-01 2024-03-31 11322325 bus:FilletedAccounts 2023-04-01 2024-03-31 11322325 bus:SmallEntities 2023-04-01 2024-03-31 11322325 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11322325 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11322325 bus:Director1 2023-04-01 2024-03-31 11322325 bus:Director2 2023-04-01 2024-03-31 11322325 2022-04-01 2023-03-31 11322325 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 11322325 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 11322325 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 11322325 (England and Wales)

5659 LIMITED

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

5659 LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

5659 LIMITED

BALANCE SHEET

As at 31 March 2024
5659 LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 935,000 935,000
935,000 935,000
Current assets
Debtors 4 535 304
Cash at bank and in hand 2,267 8,989
2,802 9,293
Creditors: amounts falling due within one year 5 ( 444,355) ( 424,104)
Net current liabilities (441,553) (414,811)
Total assets less current liabilities 493,447 520,189
Creditors: amounts falling due after more than one year 6 ( 113,944) ( 203,355)
Provision for liabilities ( 42,002) ( 31,921)
Net assets 337,501 284,913
Capital and reserves
Called-up share capital 100 100
Profit and loss account 337,401 284,813
Total shareholder's funds 337,501 284,913

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.

Director's responsibilities:

The financial statements of 5659 Limited (registered number: 11322325) were approved and authorised for issue by the Director on 25 September 2024. They were signed on its behalf by:

E Maple
Director
5659 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
5659 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

5659 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 8 Fleets Ind. Est., Willis Way, Poole, BH15 3SU, 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 £.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 935,000
As at 31 March 2024 935,000

4. Debtors

2024 2023
£ £
Other debtors 535 304

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 80,498 71,134
Amounts owed to Group undertakings 352,147 338,850
Corporation tax 10,450 12,859
Other taxation and social security 0 1
Other creditors 1,260 1,260
444,355 424,104

Bank loans are secured against Fixed and Floating on freehold property ot the company having carrying value of £935,000 (2023: £935,000)

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 113,944 203,355

Bank loans are secured against Fixed and Floating on freehold property ot the company having carrying value of £935,000 (2023: £935,000)

7. Ultimate controlling party

The company's immediate parent is 5659 Holdings Limited, incorporated in England and Wales.