Silverfin false false 31/07/2024 01/08/2023 31/07/2024 P J Maynard 01/11/2024 R J Rendell 12/04/2016 06 March 2025 The Company was non-trading during the financial year, previously the principal activity was property development. 10118367 2024-07-31 10118367 bus:Director1 2024-07-31 10118367 bus:Director2 2024-07-31 10118367 2023-07-31 10118367 core:ShareCapital 2024-07-31 10118367 core:ShareCapital 2023-07-31 10118367 core:RetainedEarningsAccumulatedLosses 2024-07-31 10118367 core:RetainedEarningsAccumulatedLosses 2023-07-31 10118367 bus:OrdinaryShareClass1 2024-07-31 10118367 2023-08-01 2024-07-31 10118367 bus:FilletedAccounts 2023-08-01 2024-07-31 10118367 bus:SmallEntities 2023-08-01 2024-07-31 10118367 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10118367 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10118367 bus:Director1 2023-08-01 2024-07-31 10118367 bus:Director2 2023-08-01 2024-07-31 10118367 2022-08-01 2023-07-31 10118367 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 10118367 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10118367 (England and Wales)

376 DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

376 DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

376 DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
376 DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Current assets
Cash at bank and in hand 3,457 3,697
3,457 3,697
Net current assets 3,457 3,697
Total assets less current liabilities 3,457 3,697
Net assets 3,457 3,697
Capital and reserves
Called-up share capital 3 100 100
Profit and loss account 3,357 3,597
Total shareholder's funds 3,457 3,697

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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of 376 Developments Limited (registered number: 10118367) were approved and authorised for issue by the Board of Directors on 06 March 2025. They were signed on its behalf by:

P J Maynard
Director
376 DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
376 DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

376 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 78 Cumnor Road, Boars Hill, Oxford, OX1 5JP, United Kingdom.

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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Called-up share capital

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

4. Related party transactions

The Company has taken advantage of the exemption available under FRS102 section 1 A.C. 35 to not disclose transactions within a wholly owned group.