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REGISTERED NUMBER: 09577973 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Silver Star Developments Limited

Silver Star Developments Limited (Registered number: 09577973)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Silver Star Developments Limited (Registered number: 09577973)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 695,802 696,517

CURRENT ASSETS
Cash at bank 68,608 103,578

CREDITORS
Amounts falling due within one year 5 550,355 644,034
NET CURRENT LIABILITIES (481,747 ) (540,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,055

156,061

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 214,051 156,057
SHAREHOLDERS' FUNDS 214,055 156,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 14 February 2025 and were signed on its behalf by:




Mr Bobby Nagpal - Director


Silver Star Developments Limited (Registered number: 09577973)

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

1. STATUTORY INFORMATION

Silver Star Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09577973

Registered office: 9b The Broadway
2nd Floor
Woodford Green
Essex
IG8 0HL

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Fixtures and fittings - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Silver Star Developments Limited (Registered number: 09577973)

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

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 691,755 8,172 699,927
DEPRECIATION
At 1 June 2023 - 3,410 3,410
Charge for year - 715 715
At 31 May 2024 - 4,125 4,125
NET BOOK VALUE
At 31 May 2024 691,755 4,047 695,802
At 31 May 2023 691,755 4,762 696,517

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 1,190 1,076
Taxation and social security 20,705 13,947
Other creditors 528,460 629,011
550,355 644,034