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REGISTERED NUMBER: 11034281 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE SILVER ANCHOR LIMITED

THE SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SILVER ANCHOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr K Kimura





REGISTERED OFFICE: S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE





REGISTERED NUMBER: 11034281 (England and Wales)





ACCOUNTANTS: TBW Accountancy Limited
S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE

THE SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,728 133,966

CURRENT ASSETS
Stocks 5 3,765 4,260
Debtors 6 649,395 456,120
Cash at bank and in hand 46,389 245,924
699,549 706,304
CREDITORS
Amounts falling due within one year 7 287,707 315,129
NET CURRENT ASSETS 411,842 391,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,570

525,141

CREDITORS
Amounts falling due after more than one
year

8

(27,110

)

(33,025

)

PROVISIONS FOR LIABILITIES 9 (4,199 ) (4,440 )
NET ASSETS 506,261 487,676

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 506,161 487,576
SHAREHOLDERS' FUNDS 506,261 487,676

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)

BALANCE SHEET - continued
31 OCTOBER 2024


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 director and authorised for issue on 13 March 2025 and were signed by:





Mr K Kimura - Director


THE SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

The Silver Anchor 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.

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
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.
Short leasehold - 4% on cost
Improvements to property - 4% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Website - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 20 (2023 - 21 ) .

THE SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 November 2023 30,375 30,000 97,850
Additions - - -
At 31 October 2024 30,375 30,000 97,850
DEPRECIATION
At 1 November 2023 1,215 1,200 39,140
Charge for year 1,215 1,200 9,785
At 31 October 2024 2,430 2,400 48,925
NET BOOK VALUE
At 31 October 2024 27,945 27,600 48,925
At 31 October 2023 29,160 28,800 58,710

Fixtures
and
fittings Website Totals
£    £    £   
COST
At 1 November 2023 49,120 3,000 210,345
Additions 11,048 - 11,048
At 31 October 2024 60,168 3,000 221,393
DEPRECIATION
At 1 November 2023 31,824 3,000 76,379
Charge for year 7,086 - 19,286
At 31 October 2024 38,910 3,000 95,665
NET BOOK VALUE
At 31 October 2024 21,258 - 125,728
At 31 October 2023 17,296 - 133,966

5. STOCKS
2024 2023
£    £   
Stocks 3,765 4,260

THE SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,739 17,841
Amounts owed by associates 630,627 420,742
Other debtors 10 10
Staff loan 5,050 6,150
Prepayments and accrued income 5,969 11,377
649,395 456,120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,915 5,915
Trade creditors 48,855 92,102
Amounts owed to group undertakings - 90,922
Amounts owed to associates 135,168 8,246
Tax 46,277 53,284
Social security and other taxes 11,794 14,821
VAT 28,669 41,883
Directors' current accounts 232 72
Accrued expenses 10,797 7,884
287,707 315,129

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,915 5,915
Bank loans - 2-5 years 17,745 17,745
Bank loans more 5 yr by instal 3,450 9,365
27,110 33,025

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,450 9,365

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,199 4,440

Deferred
tax
£   
Balance at 1 November 2023 4,440
Provided during year (241 )
Balance at 31 October 2024 4,199

THE SILVER ANCHOR LIMITED (REGISTERED NUMBER: 11034281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr K Kimura
Balance outstanding at start of year (72 ) (372 )
Amounts advanced 116,840 27,800
Amounts repaid (117,000 ) (27,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (232 ) (72 )

11. RELATED PARTY DISCLOSURES

The Company pays rent of £30,000 (2023 £30,000) to the director Mr Kimura.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Kimura.