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Company Registration No. 13926937 (England and Wales)
Silverstone Law Ltd Unaudited accounts for the period from 1 March 2024 to 31 December 2024
Silverstone Law Ltd Unaudited accounts Contents
Page
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Silverstone Law Ltd Company Information for the period from 1 March 2024 to 31 December 2024
Directors
Mrs Vanessa Challess Mrs Rebekah Manning Mrs Nour El Haddad
Company Number
13926937 (England and Wales)
Registered Office
Silverstone Law Technology Park Silverstone Circuit, Silverstone Towcester Northamptonshire NN12 8GX England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Silverstone Law Ltd Statement of financial position as at 31 December 2024
31/12/2024 
29/02/2024 
Notes
£ 
£ 
Current assets
Inventories
60,412 
- 
Debtors
34,410 
40 
Cash at bank and in hand
861 
5,106 
95,683 
5,146 
Creditors: amounts falling due within one year
(57,335)
(66,835)
Net current assets/(liabilities)
38,348 
(61,689)
Total assets less current liabilities
38,348 
(61,689)
Creditors: amounts falling due after more than one year
(41,069)
(116,015)
Net liabilities
(2,721)
(177,704)
Capital and reserves
Called up share capital
100 
3 
Profit and loss account
(2,821)
(177,707)
Shareholders' funds
(2,721)
(177,704)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Mrs Vanessa Challess Director Company Registration No. 13926937
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Silverstone Law Ltd Notes to the Accounts for the period from 1 March 2024 to 31 December 2024
1
Statutory information
Silverstone Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 13926937. The registered office is Silverstone Law, Technology Park, Silverstone Circuit, Silverstone, Towcester, Northamptonshire, NN12 8GX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories - Work in progress
Work in progress has been valued at the lower of cost and estimated recoverable amount less costs to complete. Cost comprises direct professional time at standard charge-out rates, disbursements incurred, and where applicable, a proportion of overhead costs based on the stage of completion of each matter. For contingent fee arrangements, work in progress is valued at the expected recoverable amount taking into consideration the likelihood of case success.
4
Debtors
31/12/2024 
29/02/2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,410 
40 
5
Creditors: amounts falling due within one year
31/12/2024 
29/02/2024 
£ 
£ 
Trade creditors
20,191 
20,686 
Taxes and social security
36,083 
42,056 
Other creditors
1,061 
4,093 
57,335 
66,835 
6
Creditors: amounts falling due after more than one year
31/12/2024 
29/02/2024 
£ 
£ 
Bank loans
41,069 
- 
Amounts owed to group undertakings and other participating interests
- 
76,323 
Other creditors
- 
39,692 
41,069 
116,015 
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Silverstone Law Ltd Notes to the Accounts for the period from 1 March 2024 to 31 December 2024
7
Average number of employees
During the period the average number of employees was 3 (29/02/2024: 3).
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