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REGISTERED NUMBER: SC589165 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SILVERBRIDGE PRIVATE FINANCE LTD

SILVERBRIDGE PRIVATE FINANCE LTD (REGISTERED NUMBER: SC589165)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


SILVERBRIDGE PRIVATE FINANCE LTD (REGISTERED NUMBER: SC589165)

ABRIDGED BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,275 -

CURRENT ASSETS
Debtors 77,222 77,222
Cash at bank 14,918 65,953
92,140 143,175
CREDITORS
Amounts falling due within one year 174,321 121,255
NET CURRENT (LIABILITIES)/ASSETS (82,181 ) 21,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,094

21,920

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 36,091 21,917
36,094 21,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

SILVERBRIDGE PRIVATE FINANCE LTD (REGISTERED NUMBER: SC589165)

ABRIDGED BALANCE SHEET - continued
29 February 2024



The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





D W Travers - Director


SILVERBRIDGE PRIVATE FINANCE LTD (REGISTERED NUMBER: SC589165)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Silverbridge Private Finance Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC589165

Registered office: 4 Deanbank Road
Coatbridge
North Lanarkshire
ML5 1RY

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.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 118,275
At 29 February 2024 118,275
NET BOOK VALUE
At 29 February 2024 118,275

SILVERBRIDGE PRIVATE FINANCE LTD (REGISTERED NUMBER: SC589165)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. POST BALANCE SHEET EVENTS

As a member of the finance sector the business was not subject to the mandatory shut down imposed by both the UK and Scottish Governments and has been able to continue trading (albeit in a reduced capacity/with employees working from home). Additional finance has been sought through the Coronavirus Business Interruption Loan Scheme with £50,000 being received.

The directors/owners have made it clear that once the restrictions have been lifted they intend to resume trading at full capacity with immediate effect.