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
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
Silverstone Law Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
861
5,106
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)
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
Silverstone Law Ltd
Notes to the Accounts
for the period from 1 March 2024 to 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
6
Creditors: amounts falling due after more than one year
31/12/2024
29/02/2024
Amounts owed to group undertakings and other participating interests
-
76,323
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).