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REGISTERED NUMBER: 01684906 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SILVERLAND PROPERTIES LIMITED

SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVERLAND PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D Shamash
G Shamash





SECRETARY: G Shamash





REGISTERED OFFICE: 16 St. Johns Wood Park
London
NW8 6QP





REGISTERED NUMBER: 01684906 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,896 9,201
Investments 5 898,921 828,285
938,817 837,486

CURRENT ASSETS
Debtors 6 336,053 315,000
Cash at bank 571,572 616,784
907,625 931,784
CREDITORS
Amounts falling due within one year 7 (24,269 ) (94,222 )
NET CURRENT ASSETS 883,356 837,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,822,173

1,675,048

CREDITORS
Amounts falling due after more than
one year

8

(36,469

)

-
NET ASSETS 1,785,704 1,675,048

SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 172,194 28,217
Retained earnings 9 1,613,410 1,646,731
SHAREHOLDERS' FUNDS 1,785,704 1,675,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 10 March 2025 and were signed on its behalf by:





D Shamash - Director


SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Silverland Properties 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.

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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance and 20% 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 balance sheet date.

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.

SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 40,980
Additions 41,245
At 30 June 2024 82,225
DEPRECIATION
At 1 July 2023 31,779
Charge for year 10,550
At 30 June 2024 42,329
NET BOOK VALUE
At 30 June 2024 39,896
At 30 June 2023 9,201

SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST OR VALUATION
At 1 July 2023 828,285
Additions 200,736
Disposals (274,077 )
Revaluations 143,977
At 30 June 2024 898,921
NET BOOK VALUE
At 30 June 2024 898,921
At 30 June 2023 828,285

The open market valuation of the investments as at 30 June 2024 was £898,921 (2023: £828,285).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 324,603 315,000
Corporation Tax Refundable 11,450 -
336,053 315,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,972 -
Tax - 15,714
VAT 1,496 21,929
Other creditors 5,011 34,893
Directors' current accounts 8,292 19,685
Accrued expenses 3,498 2,001
24,269 94,222

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,469 -

SILVERLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01684906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 1,646,731 28,217 1,674,948
Profit for the year 110,656 110,656
Unrealised fair value gain (143,977 ) 143,977 -
At 30 June 2024 1,613,410 172,194 1,785,604