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REGISTERED NUMBER: 08765256 (England and Wales)












SILVER SPRINGS SUPPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2024






SILVER SPRINGS SUPPORT LIMITED (REGISTERED NUMBER: 08765256)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVER SPRINGS SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: T B Hale
Mrs J Y Hale
A C A Reemers





SECRETARY:





REGISTERED OFFICE: Unit 31
Withybush Trading Estate
Haverfordwest
Pembrokeshire
SA62 4BS





REGISTERED NUMBER: 08765256 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

SILVER SPRINGS SUPPORT LIMITED (REGISTERED NUMBER: 08765256)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 272,637 280,232
Investments 5 220,000 -
492,637 280,232

CURRENT ASSETS
Debtors 6 118,831 215,722
Cash at bank and in hand 790,265 877,992
909,096 1,093,714
CREDITORS
Amounts falling due within one year 7 123,008 81,974
NET CURRENT ASSETS 786,088 1,011,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,725

1,291,972

CREDITORS
Amounts falling due after more than one
year

8

483,527

11,205
NET ASSETS 795,198 1,280,767

CAPITAL AND RESERVES
Called up share capital 9 6 12
Retained earnings 10 795,192 1,280,755
SHAREHOLDERS' FUNDS 795,198 1,280,767

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 1 April 2025 and were signed on its behalf by:





T B Hale - Director


SILVER SPRINGS SUPPORT LIMITED (REGISTERED NUMBER: 08765256)

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

1. STATUTORY INFORMATION

Silver Springs Support 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.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 80 (2023 - 70 ) .

SILVER SPRINGS SUPPORT LIMITED (REGISTERED NUMBER: 08765256)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 December 2023 294,119 59,071 46,764 399,954
Additions - - 9,740 9,740
At 30 November 2024 294,119 59,071 56,504 409,694
DEPRECIATION
At 1 December 2023 52,938 38,022 28,762 119,722
Charge for year 5,882 5,905 5,548 17,335
At 30 November 2024 58,820 43,927 34,310 137,057
NET BOOK VALUE
At 30 November 2024 235,299 15,144 22,194 272,637
At 30 November 2023 241,181 21,049 18,002 280,232

5. FIXED ASSET INVESTMENTS

During the year the company purchased a 50% holding (1 ordinary share) in Scale Group Ltd, company registration number 9822692. All amounts were paid and nothing is outstanding at the year end.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,337 45,082
Other debtors 88,494 170,640
118,831 215,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,682 -
Taxation and social security 92,325 80,775
Other creditors 16,001 1,199
123,008 81,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 473,983 -
Other creditors 9,544 11,205
483,527 11,205

9. CALLED UP SHARE CAPITAL

During the year the company bought back 2 ordinary shares, reducing the issued share capital from 4 ordinary shares to 2 ordinary shares.

SILVER SPRINGS SUPPORT LIMITED (REGISTERED NUMBER: 08765256)

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

10. RESERVES
Retained
earnings
£   

At 1 December 2023 1,280,755
Profit for the year 146,437
Dividends (22,000 )
Purchase of own shares (610,000 )
At 30 November 2024 795,192

11. RELATED PARTY DISCLOSURES

During the period the company rented properties from Scale Group Ltd, a company controlled by T B Hale, a director. The company paid rent at a market rate and no amounts were outstanding at the year end.