Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr V P Rosson 20/05/2016 31 January 2025 The principal activity of the Company during the financial year was that of property development. 10192251 2024-04-30 10192251 bus:Director1 2024-04-30 10192251 2023-04-30 10192251 core:CurrentFinancialInstruments 2024-04-30 10192251 core:CurrentFinancialInstruments 2023-04-30 10192251 core:Non-currentFinancialInstruments 2024-04-30 10192251 core:Non-currentFinancialInstruments 2023-04-30 10192251 core:ShareCapital 2024-04-30 10192251 core:ShareCapital 2023-04-30 10192251 core:RetainedEarningsAccumulatedLosses 2024-04-30 10192251 core:RetainedEarningsAccumulatedLosses 2023-04-30 10192251 bus:OrdinaryShareClass1 2024-04-30 10192251 2023-05-01 2024-04-30 10192251 bus:FilletedAccounts 2023-05-01 2024-04-30 10192251 bus:SmallEntities 2023-05-01 2024-04-30 10192251 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10192251 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10192251 bus:Director1 2023-05-01 2024-04-30 10192251 2022-05-01 2023-04-30 10192251 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 10192251 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10192251 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10192251 (England and Wales)

147 DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

147 DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

147 DEVELOPMENTS LIMITED

BALANCE SHEET

As at 30 April 2024
147 DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Stocks 893,408 893,408
Debtors 3 73,405 27,556
Cash at bank and in hand 585 1,876
967,398 922,840
Creditors: amounts falling due within one year 4 ( 902,104) ( 859,268)
Net current assets 65,294 63,572
Total assets less current liabilities 65,294 63,572
Creditors: amounts falling due after more than one year 5 ( 28,241) ( 28,788)
Net assets 37,053 34,784
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 36,953 34,684
Total shareholder's funds 37,053 34,784

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of 147 Developments Limited (registered number: 10192251) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

Mr V P Rosson
Director
147 DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
147 DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

147 Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is Spring Cottage, Midde Filham, Ivybridge, PL21 0LR.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

2024 2023
£ £
Other debtors 73,405 27,556

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,556 8,423
Trade creditors 634 1,813
Taxation and social security 10,480 8,414
Other creditors 885,434 840,618
902,104 859,268

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 28,241 28,788

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares shares of £ 1.00 each 100 100