IRIS Accounts Productionv24.1.4.3314223538Board of DirectorsBoard of Directors1.8.2331.7.2431.7.24falsetruefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142235382023-07-31142235382024-07-31142235382023-08-012024-07-31142235382022-07-07142235382022-07-082023-07-31142235382023-07-3114223538ns15:EnglandWales2023-08-012024-07-3114223538ns14:PoundSterling2023-08-012024-07-3114223538ns10:Director12023-08-012024-07-3114223538ns10:Director22023-08-012024-07-3114223538ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3114223538ns10:SmallEntities2023-08-012024-07-3114223538ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3114223538ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3114223538ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3114223538ns10:FullAccounts2023-08-012024-07-3114223538ns10:Director32023-08-012024-07-3114223538ns10:CompanySecretary12023-08-012024-07-3114223538ns10:RegisteredOffice2023-08-012024-07-3114223538ns5:CurrentFinancialInstruments2024-07-3114223538ns5:CurrentFinancialInstruments2023-07-3114223538ns5:ShareCapital2024-07-3114223538ns5:ShareCapital2023-07-3114223538ns5:FurtherSpecificReserve1ComponentTotalEquity2024-07-3114223538ns5:FurtherSpecificReserve1ComponentTotalEquity2023-07-3114223538ns5:RetainedEarningsAccumulatedLosses2024-07-3114223538ns5:RetainedEarningsAccumulatedLosses2023-07-3114223538ns5:LandBuildings2023-07-3114223538ns5:LandBuildings2024-07-3114223538ns5:LandBuildings2023-07-3114223538ns5:RetainedEarningsAccumulatedLosses2023-07-3114223538ns5:FurtherSpecificReserve1ComponentTotalEquity2023-07-3114223538ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31

REGISTERED NUMBER: 14223538 (England and Wales)




Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2024

for


Silverlake Investments London Ltd


Silverlake Investments London Ltd (Registered number: 14223538)







Contents of the Financial Statements

for the Year Ended 31 July 2024





Page



Company Information  

1



Report of the Directors  

2



Balance Sheet  

3



Notes to the Financial Statements  

5



Certified Accountants' Report  

7



Silverlake Investments London Ltd


Company Information

for the Year Ended 31 July 2024









DIRECTORS:

Rev Olabiyi Ajala


Mrs Ubile Charity Lawson


Dr Stanley Inye Lawson







SECRETARY:

Rev Olabiyi Ajala







REGISTERED OFFICE:

1 Wolston Meadow


Middleton


Milton Keynes


United Kingdom


MK10 9AY







REGISTERED NUMBER:

14223538 (England and Wales)







ACCOUNTANTS:

Argon & Krypton Consulting Ltd


(Chartered Certified Accountants & Tax Advisers)


Unit 6


Town Quay Wharf


Abbey Road


Barking


Essex


IG11 7BZ


Silverlake Investments London Ltd (Registered number: 14223538)


Report of the Directors

for the Year Ended 31 July 2024


The directors present their report with the financial statements of the company for the year ended 31 July 2024.


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Development of building projects, Other accommodation, Buying and selling of own real estate, and Other letting and operating of own or leased real estate

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 August 2023 to the date of this report unless otherwise stated.


The beneficial interests of the directors holding office at 31 July 2024 in the shares of the company, according to the register of directors' interests, were as follows:



1.8.23


or date of


appointment


31.7.24


if later

Ordinary Share Capital shares of £1 each

Rev Olabiyi Ajala - appointed 1.5.24  

-


-



Mrs Ubile Charity Lawson   

1


1



Dr Stanley Inye Lawson   

1


1




These directors did not hold any non-beneficial interests in the shares of the company.


POLITICAL DONATIONS AND EXPENDITURE

During the year the company made charitable donation to a number of UK Charities


This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


ON BEHALF OF THE BOARD:






Rev Olabiyi Ajala - Director



28 April 2025


Silverlake Investments London Ltd (Registered number: 14223538)


Balance Sheet

31 July 2024



31.7.24

31.7.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

6,539,000


6,539,000




CURRENT ASSETS

Cash at bank and in hand

192,669


2




CREDITORS

Amounts falling due within one year

5

178,307


-



NET CURRENT ASSETS

14,362


2



TOTAL ASSETS LESS CURRENT

LIABILITIES

6,553,362


6,539,002




DIRECTORS' LOAN

1,540,385


133,233



NET ASSETS

5,012,977


6,405,769




CAPITAL AND RESERVES

Called up share capital

1,000


2



Property Reserve

6

5,010,439


6,410,439



Retained earnings

6

1,538


(4,672

)


SHAREHOLDERS' FUNDS

5,012,977


6,405,769




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.


Silverlake Investments London Ltd (Registered number: 14223538)


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 28 April 2025 and were signed on its behalf by:





Rev Olabiyi Ajala - Director




Dr Stanley Inye Lawson - Director



Silverlake Investments London Ltd (Registered number: 14223538)


Notes to the Financial Statements

for the Year Ended 31 July 2024


1.

STATUTORY INFORMATION



Silverlake Investments London Ltd 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

Rental Income 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.  



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 1 (2023 - 1 ) .


Silverlake Investments London Ltd (Registered number: 14223538)


Notes to the Financial Statements - continued

for the Year Ended 31 July 2024


4.

TANGIBLE FIXED ASSETS


Land and


buildings

£   



COST


At 1 August 2023


and 31 July 2024

6,539,000




NET BOOK VALUE


At 31 July 2024

6,539,000




At 31 July 2023

6,539,000




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.7.24


31.7.23

£   

£   



Trade creditors

2,466


-




Corporation Tax Payable

361


-




Social security and other taxes

(3,327

)

-




Pension

29


-




Deferred Rental Income

132,350


-




Accrued expenses

46,428


-



178,307


-




6.

RESERVES


Retained


Property



earnings


Reserve


Totals

£   

£   

£   




At 1 August 2023

(4,672

)

6,410,439


6,405,767




Profit for the year

6,210


6,210




Cash share issue

-


(1,400,000

)

(1,400,000

)



At 31 July 2024

1,538


5,010,439


5,011,977




Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Silverlake Investments London Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Silverlake Investments London Ltd for the year ended 31 July 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.  


This report is made solely to the Board of Directors of Silverlake Investments London Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Silverlake Investments London Ltd and state those matters that we have agreed to state to the Board of Directors of Silverlake Investments London Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.      


It is your duty to ensure that Silverlake Investments London 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 profit of Silverlake Investments London Ltd. You consider that Silverlake Investments London Ltd is exempt from the statutory audit requirement for the year.    


We have not been instructed to carry out an audit or a review of the financial statements of Silverlake Investments London 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.    







Argon & Krypton Consulting Ltd

(Chartered Certified Accountants & Tax Advisers)

Unit 6

Town Quay Wharf

Abbey Road

Barking

Essex

IG11 7BZ



28 April 2025