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REGISTERED NUMBER: 10566181 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ESCAPADE SILVERSTONE LIMITED

ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESCAPADE SILVERSTONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr W Tindall
Mr J Darker





REGISTERED OFFICE: Building 1000
Cambridge Research Park
Beach Drive
Waterbeach
Cambridgeshire
CB25 9PD





REGISTERED NUMBER: 10566181 (England and Wales)





ACCOUNTANTS: Green and Purple Limited
Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD

ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,597 6,029,489

CURRENT ASSETS
Stocks 52,151,929 35,657,892
Debtors 5 5,545,660 516,686
Cash at bank 11,650 251,819
57,709,239 36,426,397
CREDITORS
Amounts falling due within one year 6 (50,172,719 ) (32,122,542 )
NET CURRENT ASSETS 7,536,520 4,303,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,550,117

10,333,344

PROVISIONS FOR LIABILITIES (1,027,584 ) (1,505,603 )
NET ASSETS 6,522,533 8,827,741

CAPITAL AND RESERVES
Called up share capital 8 1,650 1,000
Share premium 3,999,449 5,349,350
Revaluation reserve 9 - 6,000,000
Capital redemption reserve 900 -
Retained earnings 2,520,534 (2,522,609 )
SHAREHOLDERS' FUNDS 6,522,533 8,827,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mr W Tindall - Director


ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

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


1. Statutory information

Escapade Silverstone 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 as modified by the revaluation of certain assets.

Revenue
Revenue is recognised when the performance obligation associated with sale is completed. The transaction price comprises the fair value of the consideration received or receivable, net of discounts, rebates, value added tax, and other sales taxes. Revenue relates to commercial property and land sales.
Revenue is recognised in the income statement when control is transferred to the customer. This is deemed to be when title of the property passes to the customer on legal completion and the performance obligation associated with the sale is completed.
Revenue in respect of the sale of commercial properties is recognised at the fair value of the consideration received or receivable on legal completion.

Cost of sales
The company determines the value of stock charged to cost of sales based on the total budgeted current cost of developing the site. Once the total expected costs of development are established, they are allocated to individual plots to achieve a consistent margin for the site. To the extent that the additional costs or savings are identified, including experienced inflation, as the site progresses, these are recognised over the remaining plots unless they are specific to a particular plot, in which case they are recognised in the income statement in the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment3 years
Computer equipment3 years

Land has not been depreciated.

Stocks
Stocks are initially stated at cost and held at the lower of this initial amount and net realisable value. Work in progress comprise direct materials and, where applicable, direct labour and those overheads that have been incurred in bringing the stocks to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling, and distribution. Land is recognised in stock when the significant risks and rewards of ownership have been transferred to the company.

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.


ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

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


2. Accounting policies - continued
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 2 (2023 - 2 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1 August 2023 6,016,773 54,535 6,071,308
Additions - 2,761 2,761
Reclassification/transfer (6,000,000 ) - (6,000,000 )
At 31 July 2024 16,773 57,296 74,069
Depreciation
At 1 August 2023 16,773 25,046 41,819
Charge for year - 18,653 18,653
At 31 July 2024 16,773 43,699 60,472
Net book value
At 31 July 2024 - 13,597 13,597
At 31 July 2023 6,000,000 29,489 6,029,489


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 5,406,120 -
Amounts owed by group undertakings 10,733 23
Other debtors 128,807 516,663
5,545,660 516,686

ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

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


6. Creditors: amounts falling due within one year

20242023
£ £
Trade creditors1,623,523426,028
Taxation and social security267,164-
Other creditors46,579,95331,433,514
Secured debt1,638,329-
Deferred income63,750263,000
50,172,71932,122,542

7. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,638,329 -

The company has an outstanding development loan with Unbranded Finance 2 LLP which is repayable within one year and is secured by a fixed and floating charge over the land. The interest rate on the loan is 15.00%.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,650 Ordinary £1 1,650 1,000

During the year the following share transactions were made:
Bonus issue of £1,000 Ordinary shares of £1 each on 15/09/2023.
Capital reduction process on 15/09/2023.
Company purchase of 900 of it's own Ordinary shares of £1 each on 27/09/2023.
Share issue of 550 Ordinary shares of £1 at £7,272 premium each on 27/09/2023.

9. Reserves




Revaluation
reserve
Capital
redemption
reserve
££
At 1 August 20236,000,000-
Bonus share issue(6,000,000)-
Purchase of own shares- 900
At 31 July 2024- 900

ESCAPADE SILVERSTONE LIMITED (REGISTERED NUMBER: 10566181)

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


10. Related party disclosures

2024 2023

Name of related party

Relationship
Owed (to /
from

)
Owed (to /
from

)
Emerging Advisory Limited A company with common directors 14,210 (790 )
Escapade Living Limited A company with common directors (3,500 ) -
Escapade Silverstone Management
Limited

A company with common directors

23

23

These amounts are interest free, unsecured, and repayable on demand.

11. Stocks

2024 2023
£ £
Land 4,100,000 -
Work in progress 48,051,929 35,657,892
52,151,929 35,657,892