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REGISTERED NUMBER: 12204015 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SILVERMOUNT ESTATES LIMITED

SILVERMOUNT ESTATES LIMITED (REGISTERED NUMBER: 12204015)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVERMOUNT ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs J K Dhillon
D S Dhillon





REGISTERED OFFICE: Suite 1, Invicta Business Centre
Monument Way
Ashford
Kent
TN24 0HB





BUSINESS ADDRESS: 15 Fountains Close
Willesborough
Ashford
Kent
TN24 0TH





REGISTERED NUMBER: 12204015 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

SILVERMOUNT ESTATES LIMITED (REGISTERED NUMBER: 12204015)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 5 600,000 635,000

CURRENT ASSETS
Debtors 6 830 728
Cash at bank 275 5,751
1,105 6,479
CREDITORS
Amounts falling due within one year 7 137,438 142,792
NET CURRENT LIABILITIES (136,333 ) (136,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,667

498,687

CREDITORS
Amounts falling due after more than one
year

8

(422,877

)

(424,425

)

PROVISIONS FOR LIABILITIES (4,268 ) (11,477 )
NET ASSETS 36,522 62,785

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10 36,520 62,783
36,522 62,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by:





D S Dhillon - Director


SILVERMOUNT ESTATES LIMITED (REGISTERED NUMBER: 12204015)

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

1. STATUTORY INFORMATION

Silvermount Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The financial statements have been prepared on a going concern basis with the current liabilities mainly relating to monies owed to the directors who will continue to support the company for the foreseeable future.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SILVERMOUNT ESTATES LIMITED (REGISTERED NUMBER: 12204015)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 635,000
Revaluations (35,000 )
At 30 September 2024 600,000
NET BOOK VALUE
At 30 September 2024 600,000
At 30 September 2023 635,000

The valuation is per the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 830 728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,548 1,548
Taxation and social security 509 -
Other creditors 135,381 141,244
137,438 142,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,317 3,865
Other creditors 420,560 420,560
422,877 424,425

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 420,560 420,560

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 417,266 420,560

The mortgage is secured against the investment property.

10. RESERVES

The reserves at 30 September 2024 include a non distributable reserve arising from the revaluation of the investment property of £18,193 ,net of the deferred tax provision. .