Silverstone Project Development Limited |
Registered number: |
05486819 |
Balance Sheet |
as at 30 June 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investment property |
4 |
|
|
- |
|
|
352,939 |
|
Current assets |
Cash at bank and in hand |
|
|
- |
|
|
1,395 |
|
Creditors: amounts falling due within one year |
5 |
|
(4,276) |
|
|
(355,671) |
|
Net current liabilities |
|
|
|
(4,276) |
|
|
(354,276) |
|
Net liabilities |
|
|
|
(4,276) |
|
|
(1,337) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
Profit and loss account |
|
|
|
(5,276) |
|
|
(2,337) |
|
Shareholders' funds |
|
|
|
(4,276) |
|
|
(1,337) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
J J Gallant |
Director |
Approved by the board on 14 November 2024 |
|
Silverstone Project Development Limited |
Notes to the Accounts |
for the year ended 30 June 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
|
Investment property |
|
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss. |
|
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments held as current assets |
2024 |
|
2023 |
£ |
£ |
|
Fair value |
|
|
|
|
|
|
|
|
|
4 |
Investment Property |
|
|
|
|
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
B/fwd |
352,939 |
|
- |
|
Additions |
- |
|
352,939 |
|
Revaluation |
- |
|
- |
|
Disposals |
(352,939) |
|
- |
|
|
|
|
|
|
- |
|
352,939 |
|
|
|
|
|
|
|
|
|
|
The fair value of the investment at 17 June 2024 has been arrived at on the basis of a valuation carried out by director. |
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
4,276 |
|
355,671 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Silverstone Project Development Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
HA7 1JS |