Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr C Fryer 19/08/2013 Mrs M Fryer 19/08/2013 30 October 2024 The principal activity of the company during the financial year was the letting of residential property. 08656562 2024-05-31 08656562 bus:Director1 2024-05-31 08656562 bus:Director2 2024-05-31 08656562 2023-05-31 08656562 core:CurrentFinancialInstruments 2024-05-31 08656562 core:CurrentFinancialInstruments 2023-05-31 08656562 core:ShareCapital 2024-05-31 08656562 core:ShareCapital 2023-05-31 08656562 core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-31 08656562 core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-31 08656562 core:RetainedEarningsAccumulatedLosses 2024-05-31 08656562 core:RetainedEarningsAccumulatedLosses 2023-05-31 08656562 2023-06-01 2024-05-31 08656562 bus:FilletedAccounts 2023-06-01 2024-05-31 08656562 bus:SmallEntities 2023-06-01 2024-05-31 08656562 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08656562 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08656562 bus:Director1 2023-06-01 2024-05-31 08656562 bus:Director2 2023-06-01 2024-05-31 08656562 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 08656562 (England and Wales)

S & T BIRCH HOUSE LIMITED

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

S & T BIRCH HOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

S & T BIRCH HOUSE LIMITED

BALANCE SHEET

As at 31 May 2024
S & T BIRCH HOUSE LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 400,000 405,000
400,000 405,000
Current assets
Debtors 4 532 217
Cash at bank and in hand 24,646 17,013
25,178 17,230
Creditors: amounts falling due within one year 5 ( 204,119) ( 203,816)
Net current liabilities (178,941) (186,586)
Total assets less current liabilities 221,059 218,414
Provision for liabilities 6 ( 8,648) ( 9,598)
Net assets 212,411 208,816
Capital and reserves
Called-up share capital 100 100
Fair value reserve 65,664 69,714
Profit and loss account 146,647 139,002
Total shareholders' funds 212,411 208,816

For the financial year ending 31 May 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 S & T Birch House Limited (registered number: 08656562) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

Mr C Fryer
Director
S & T BIRCH HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
S & T BIRCH HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

S & T Birch House 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, 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 recognised at the fair value of the consideration received or receivable for rents in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

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.

The fair value is determined by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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 2 2

The company is run and administered by the directors of the company for whom no formal contracts of service are in place. The directors do not receive any salary.

3. Investment property

Investment property
£
Valuation
As at 01 June 2023 405,000
Fair value movement (5,000)
As at 31 May 2024 400,000

The valuation model used to determine the fair value of investment properties at the balance sheet date, is open market value. This has been calculated by the director, who is internal to the company.
The class of asset has a current value of £400,000 (2023 £405,000) and a carrying amount at historical cost of £325,688 (2023 £325,688). The depreciation on this historical cost is £nil ( 2023 £nil).

There has been no calculation of investment property by an independent valuer.

4. Debtors

2024 2023
£ £
Other debtors 532 217

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,800 3,558
Other creditors 202,319 200,258
204,119 203,816

6. Provision for liabilities

2024 2023
£ £
Deferred tax 8,648 9,598

7. Related party transactions

Transactions with the entity's directors

During the year the directors maintained an interest free loan account which is payable on demand. At the balance sheet date the amount due to the directors was £201,232 (2023 £199,231).