Registered number
12276824
Silent Spaces Ltd
Filleted Accounts
31 October 2024
Silent Spaces Ltd
Registered number: 12276824
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,084,899 1,084,899
Current assets
Debtors 4 296,300 180,000
Cash at bank and in hand 13,971 59,334
310,271 239,334
Creditors: amounts falling due within one year 5 (264,116) (188,142)
Net current assets 46,155 51,192
Total assets less current liabilities 1,131,054 1,136,091
Creditors: amounts falling due after more than one year 6 (1,186,768) (1,176,295)
Net liabilities (55,714) (40,204)
Capital and reserves
Called up share capital 100 100
Profit and loss account (55,814) (40,304)
Shareholders' funds (55,714) (40,204)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Minesh Patel
Director
Approved by the board on 20 June 2025
Silent Spaces Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Investment Property
Investment property are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Fixed Asset Investment
Property
investments
£
Cost
At 1 November 2023 1,084,899
At 31 October 2024 1,084,899
4 Debtors 2024 2023
£ £
Other debtors 296,300 180,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 264,116 188,142
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 425,612 425,612
Other creditors 761,156 750,683
1,186,768 1,176,295
7 Related party transactions
Other creditors includes a balance of £397,426 owed to Friendswithideas Ltd a company in which both Minesh and Dilip Patel are directors.
8 Controlling party
The company is jointly owned by the directors. Each of them own 50% share capital in the company.
9 Other information
Silent Spaces Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 High Street
Harrow On The Hill
Harrow
Middlesex, UK
HA1 3HT
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