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REGISTERED NUMBER: 11001468 (England and Wales)










Audited Financial Statements

for the Year Ended 31 August 2024

for

Silverdust Limited

Silverdust Limited (Registered number: 11001468)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Silverdust Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J Koumi
Mrs D Koumi



REGISTERED OFFICE: Empire Industrial Estate
Next to Unit-58
Brickyard Road , Aldrige
Walsall
West Midlands
WS9 8UR



REGISTERED NUMBER: 11001468 (England and Wales)



SENIOR STATUTORY AUDITOR: Jamil Raja



AUDITORS: Alderton Accountancy Limited, Statutory Auditor
Chartered Certified Accountants
Registered Auditors
962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD

Silverdust Limited (Registered number: 11001468)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,125,000 1,125,000

CURRENT ASSETS
Debtors 5 493,621 361,471
Cash at bank 312,572 368,500
806,193 729,971
CREDITORS
Amounts falling due within one year 6 110,665 79,206
NET CURRENT ASSETS 695,528 650,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,820,528

1,775,765

CREDITORS
Amounts falling due after more than one
year

7

347,292

386,445
NET ASSETS 1,473,236 1,389,320

CAPITAL AND RESERVES
Called up share capital 9 1,000,000 1,000,000
Share premium 125,240 125,240
Revaluation reserve 10 65,625 65,625
Retained earnings 282,371 198,455
SHAREHOLDERS' FUNDS 1,473,236 1,389,320

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 4 February 2025 and were signed on its behalf by:





J Koumi - Director


Silverdust Limited (Registered number: 11001468)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Silverdust Limited 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The company is a member of a small group, where the parent of the group prepares publicly available consolidated financial statements, including this company.

The financial statements of the company are consolidated in the financial statements of Chicken Joes Limited. These consolidated financial statements are available from its registered office address; Empire Industrial Estate, Brickyard Road, Aldridge, Walsall, West Midlands, WS9 8UY.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

A full year's depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year of its disposal.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Silverdust Limited (Registered number: 11001468)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,125,000
NET BOOK VALUE
At 31 August 2024 1,125,000
At 31 August 2023 1,125,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 1,125,000

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Prepayments 9,365 7,411

Amounts falling due after more than one year:
Amounts owed by group undertakings 249,167 286,667
Amounts owed by associates 235,089 67,393
484,256 354,060

Aggregate amounts 493,621 361,471

Silverdust Limited (Registered number: 11001468)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 3,600 -
Tax 51,855 23,957
VAT 4,460 4,499
Accrued expenses 750 750
110,665 79,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 100,000 150,000
Bank loans more 5 yr by instal 36,667 36,667
Amounts owed to group undertakings 160,625 149,778
347,292 386,445

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 36,667 36,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 236,667 286,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000,000 Ordinary £1 1,000,000 1,000,000

10. RESERVES
Revaluati
reserve
£   
At 1 September 2023
and 31 August 2024 65,625

Silverdust Limited (Registered number: 11001468)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jamil Raja (Senior Statutory Auditor)
for and on behalf of Alderton Accountancy Limited, Statutory Auditor