Sylvania Limited 09111896 true 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is dormant company Digita Accounts Production Advanced 6.30.9574.0 true Mr D E Standaert true 09111896 2023-08-01 2024-07-31 09111896 2024-07-31 09111896 bus:OrdinaryShareClass1 2024-07-31 09111896 core:RetainedEarningsAccumulatedLosses 2024-07-31 09111896 core:ShareCapital 2024-07-31 09111896 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09111896 core:LandBuildings 2024-07-31 09111896 bus:FRS102 2023-08-01 2024-07-31 09111896 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09111896 bus:FullAccounts 2023-08-01 2024-07-31 09111896 bus:RegisteredOffice 2023-08-01 2024-07-31 09111896 bus:Director1 2023-08-01 2024-07-31 09111896 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09111896 bus:EntityNoLongerTradingButTradedInPast 2023-08-01 2024-07-31 09111896 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09111896 core:Buildings 2023-08-01 2024-07-31 09111896 core:LandBuildings 2023-08-01 2024-07-31 09111896 countries:EnglandWales 2023-08-01 2024-07-31 09111896 2023-07-31 09111896 core:LandBuildings 2023-07-31 09111896 2023-07-31 09111896 bus:OrdinaryShareClass1 2023-07-31 09111896 core:RetainedEarningsAccumulatedLosses 2023-07-31 09111896 core:ShareCapital 2023-07-31 09111896 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09111896 core:LandBuildings 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09111896

Sylvania Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Sylvania Limited

Profit and Loss Account for the Year Ended 31 July 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Sylvania Limited

(Registration number: 09111896)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

206,640

211,680

Current assets

 

Cash at bank and in hand

 

1

1

Creditors: Amounts falling due within one year

5

(264,519)

(263,895)

Net current liabilities

 

(264,518)

(263,894)

Net liabilities

 

(57,878)

(52,214)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(57,879)

(52,215)

Shareholders' deficit

 

(57,878)

(52,214)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 January 2025
 

.........................................
Mr D E Standaert
Director

 

Sylvania Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
320 Garratt Lane
London
SW18 4EJ

The principal place of business is:
Heinrichshorst 1
39326 Rogatz
GERMANY

These financial statements were authorised for issue by the director on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% on Cost

 

Sylvania Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 

Sylvania Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 August 2023

252,000

252,000

At 31 July 2024

252,000

252,000

Depreciation

At 1 August 2023

40,320

40,320

Charge for the year

5,040

5,040

At 31 July 2024

45,360

45,360

Carrying amount

At 31 July 2024

206,640

206,640

At 31 July 2023

211,680

211,680

Included within the net book value of land and buildings above is £206,640 (2023 - £211,680) in respect of freehold land and buildings.
 

4

Cash and cash equivalents

2024
£

2023
£

Cash on hand

1

1

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

263,919

263,294

Other payables

 

600

601

 

264,519

263,895

 

Sylvania Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1