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REGISTERED NUMBER: 11201311 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SILVERSAIL LTD

SILVERSAIL LTD (REGISTERED NUMBER: 11201311)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVERSAIL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: A R Fell
Mrs H Fell





REGISTERED OFFICE: Dalmar House
Barras Lane Estate
Dalston
Carlisle
Cumbria
CA5 7NY





REGISTERED NUMBER: 11201311 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

SILVERSAIL LTD (REGISTERED NUMBER: 11201311)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 20 20

CURRENT ASSETS
Cash at bank 11,044 17,786

CREDITORS
Amounts falling due within one year 5 6,201 4,634
NET CURRENT ASSETS 4,843 13,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,863

13,172

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,861 13,170
SHAREHOLDERS' FUNDS 4,863 13,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





A R Fell - Director


SILVERSAIL LTD (REGISTERED NUMBER: 11201311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Silversail Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENTS IN ASSOCIATES
Investments in associate undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2023
and 29 February 2024 20
NET BOOK VALUE
At 29 February 2024 20
At 28 February 2023 20

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 64 7
Directors' current accounts 5,267 3,877
Accruals and deferred income 870 750
6,201 4,634

SILVERSAIL LTD (REGISTERED NUMBER: 11201311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
A R Fell and Mrs H Fell
Balance outstanding at start of year (3,877 ) (2,737 )
Amounts repaid (1,390 ) (1,140 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,267 ) (3,877 )

No interest is charged.