Caseware UK (AP4) 2024.0.164 2024.0.164 No description of principal activityfalse02023-09-01false0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12829897 2023-09-01 2024-06-30 12829897 2022-09-01 2023-08-31 12829897 2024-06-30 12829897 2023-08-31 12829897 c:Director1 2023-09-01 2024-06-30 12829897 d:FreeholdInvestmentProperty 2023-09-01 2024-06-30 12829897 d:FreeholdInvestmentProperty 2024-06-30 12829897 d:FreeholdInvestmentProperty 2023-08-31 12829897 d:CurrentFinancialInstruments 2024-06-30 12829897 d:CurrentFinancialInstruments 2023-08-31 12829897 d:Non-currentFinancialInstruments 2024-06-30 12829897 d:Non-currentFinancialInstruments 2023-08-31 12829897 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12829897 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12829897 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 12829897 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12829897 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 12829897 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 12829897 d:ShareCapital 2024-06-30 12829897 d:ShareCapital 2023-08-31 12829897 d:RetainedEarningsAccumulatedLosses 2024-06-30 12829897 d:RetainedEarningsAccumulatedLosses 2023-08-31 12829897 c:FRS102 2023-09-01 2024-06-30 12829897 c:AuditExemptWithAccountantsReport 2023-09-01 2024-06-30 12829897 c:FullAccounts 2023-09-01 2024-06-30 12829897 c:PrivateLimitedCompanyLtd 2023-09-01 2024-06-30 12829897 e:PoundSterling 2023-09-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12829897










SILVER PROJECTS LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 30 June 2024

 
SILVER PROJECTS LTD
 
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of SILVER PROJECTS LTD for the Period Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SILVER PROJECTS LTD for the period ended 30 June 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of SILVER PROJECTS LTD in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of SILVER PROJECTS LTD and state those matters that we have agreed to state to the director of SILVER PROJECTS LTD in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SILVER PROJECTS LTD and its director for our work or for this report. 

It is your duty to ensure that SILVER PROJECTS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SILVER PROJECTS LTD. You consider that SILVER PROJECTS LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of SILVER PROJECTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Accshire Accountancy LLP
 
123 Clapton Common
London
E5 9AB
22 April 2025
Page 1

 
SILVER PROJECTS LTD
Registered number: 12829897

Balance sheet
As at 30 June 2024

30 June
31 August
2024
2023
Note
£
£

Fixed assets
  

Investment property
 3 
1,249,968
308,445

  
1,249,968
308,445

Current assets
  

Debtors: amounts falling due within one year
 4 
-
520

Cash at bank and in hand
 5 
336
-

  
336
520

Creditors: amounts falling due within one year
 6 
(364,187)
(61,364)

Net current liabilities
  
 
 
(363,851)
 
 
(60,844)

Total assets less current liabilities
  
886,117
247,601

Creditors: amounts falling due after more than one year
 7 
(1,035,900)
(262,500)

  

Net liabilities
  
(149,783)
(14,899)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(149,784)
(14,900)

  
(149,783)
(14,899)


Page 2

 
SILVER PROJECTS LTD
Registered number: 12829897
    
Balance sheet (continued)
As at 30 June 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 April 2025.




Rachel Hoffman
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
SILVER PROJECTS LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 June 2024

1.


General information

Silver Projects Ltd is a company incorporated in England and Wales under the Companies Act. The address of the registered office is given on the Company Information page. The principal activity of the company is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
SILVER PROJECTS LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 June 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Investment property





Freehold investment property

£



Valuation


At 1 September 2023
308,445


Additions at cost
941,523



At 30 June 2024
1,249,968

The 2024 valuations were made by directors, on an open market value for existing use basis.








4.


Debtors

30 June
31 August
2024
2023
£
£


Other debtors
-
520

-
520


Page 5

 
SILVER PROJECTS LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 June 2024

5.


Cash and cash equivalents

30 June
31 August
2024
2023
£
£

Cash at bank and in hand
336
-

336
-



6.


Creditors: Amounts falling due within one year

30 June
31 August
2024
2023
£
£

Other creditors
364,187
61,364

364,187
61,364



7.


Creditors: Amounts falling due after more than one year

30 June
31 August
2024
2023
£
£

Bank loans
1,035,900
262,500

1,035,900
262,500



8.


Loans


Analysis of the maturity of loans is given below:


30 June
31 August
2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
1,035,900
262,500

1,035,900
262,500

1,035,900
262,500


 
Page 6