2023-04-012024-03-312024-03-31false13974458SILEX PARTNERS 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SILEX PARTNERS LIMITED

Registered Number
13974458
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SILEX PARTNERS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Hourani, Lamice
Rey, Fabrice

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

13974458 (England and Wales)
SILEX PARTNERS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,3443,799
2,3443,799
Current assets
Debtors4129,407127,025
Cash at bank and on hand68,14024,682
197,547151,707
Creditors amounts falling due within one year5(34,320)(38,762)
Net current assets (liabilities)163,227112,945
Total assets less current liabilities165,571116,744
Net assets165,571116,744
Capital and reserves
Called up share capital75,00075,000
Profit and loss account90,57141,744
Shareholders' funds165,571116,744
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
Hourani, Lamice
Director
Rey, Fabrice
Director

Registered Company No. 13974458
SILEX PARTNERS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
Silex Partners Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 235,0665,066
At 31 March 245,0665,066
Depreciation and impairment
At 01 April 231,2671,267
Charge for year1,4551,455
At 31 March 242,7222,722
Net book value
At 31 March 242,3442,344
At 31 March 233,7993,799
4.Debtors: amounts due within one year

2024

2023

££
Other debtors5,2516,259
Prepayments and accrued income124,156120,766
Total129,407127,025
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,45427
Taxation and social security24,70118,964
Other creditors2,66618,270
Accrued liabilities and deferred income1,4991,501
Total34,32038,762
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.