Silverfin false false 31/12/2024 01/01/2024 31/12/2024 H R Seaborn 01/05/2022 G Spinks 01/01/2019 T M West 30 April 2025 no description of principal activity 10744594 2024-12-31 10744594 bus:Director1 2024-12-31 10744594 bus:Director2 2024-12-31 10744594 core:RetainedEarningsAccumulatedLosses 2023-01-01 10744594 core:RetainedEarningsAccumulatedLosses 2022-01-01 10744594 core:RetainedEarningsAccumulatedLosses 2024-01-01 10744594 2023-12-31 10744594 core:CurrentFinancialInstruments 2024-12-31 10744594 core:CurrentFinancialInstruments 2023-12-31 10744594 core:ShareCapital 2024-12-31 10744594 core:ShareCapital 2023-12-31 10744594 core:RetainedEarningsAccumulatedLosses 2024-12-31 10744594 core:RetainedEarningsAccumulatedLosses 2023-12-31 10744594 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-12-31 10744594 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 10744594 2022-12-31 10744594 2024-01-01 2024-12-31 10744594 bus:FullAccounts 2024-01-01 2024-12-31 10744594 bus:SmallEntities 2024-01-01 2024-12-31 10744594 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10744594 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10744594 bus:Director1 2024-01-01 2024-12-31 10744594 bus:Director2 2024-01-01 2024-12-31 10744594 bus:CompanySecretary1 2024-01-01 2024-12-31 10744594 1 2024-01-01 2024-12-31 10744594 1 2023-01-01 2023-12-31 10744594 2023-01-01 2023-12-31 10744594 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 10744594 (England and Wales)

SABLEKNIGHT FLEET (SOUTH) LIMITED

Annual Report and Unaudited Financial Statements
For the financial year ended 31 December 2024

SABLEKNIGHT FLEET (SOUTH) LIMITED

Annual Report and Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

SABLEKNIGHT FLEET (SOUTH) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
SABLEKNIGHT FLEET (SOUTH) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS H R Seaborn
G Spinks
SECRETARY T M West
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 10744594 (England and Wales)
SABLEKNIGHT FLEET (SOUTH) LIMITED

DIRECTORS' REPORT

For the financial year ended 31 December 2024
SABLEKNIGHT FLEET (SOUTH) LIMITED

DIRECTORS' REPORT (continued)

For the financial year ended 31 December 2024

The directors present their annual report and the unaudited financial statements of the company for the financial year ended 31 December 2024.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

H R Seaborn
G Spinks

DIRECTORS' INDEMNITIES

The company has made qualifying third party indemnity provisions for the benefit of its directors which were made during the financial year and remain in force at the date of this report.

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.



Approved by the Board of Directors and signed on its behalf by:

T M West
Secretary

30 April 2025

SABLEKNIGHT FLEET (SOUTH) LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

For the financial year ended 31 December 2024
SABLEKNIGHT FLEET (SOUTH) LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS (continued)

For the financial year ended 31 December 2024
2024 2023
£ £
Other non-operating loss ( 250,000) 0
Loss before taxation ( 250,000) 0
Tax on loss ( 7,263) 0
Loss for the financial year ( 257,263) 0
Retained deficit at the beginning of financial year ( 21,787) ( 21,787)
Loss for the financial year ( 257,263) 0
Retained deficit at the end of financial year ( 279,050) ( 21,787)
SABLEKNIGHT FLEET (SOUTH) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
SABLEKNIGHT FLEET (SOUTH) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 0 250,000
0 250,000
Current assets
Debtors 5 0 7,263
0 7,263
Creditors: amounts falling due within one year 6 ( 279,049) ( 279,049)
Net current liabilities (279,049) (271,786)
Total assets less current liabilities (279,049) (21,786)
Net liabilities ( 279,049) ( 21,786)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 279,050 ) ( 21,787 )
Total shareholder's deficit ( 279,049) ( 21,786)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sableknight Fleet (South) Limited (registered number: 10744594) were approved and authorised for issue by the Board of Directors on 30 April 2025. They were signed on its behalf by:

H R Seaborn
Director
SABLEKNIGHT FLEET (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
SABLEKNIGHT FLEET (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sableknight Fleet (South) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The parent company has agreed to provide such financial assistance as may be necessary to guarantee the solvency of the company for a period of not less than twelve months from the date that the financial statements are signed. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.

Taxation


Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value. Fair value is based on a valuation made by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value being recognised in the statement of income and retained earnings.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

Ordinary shares are classified as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

The valuation of the investment property, as this is subjective and liable to change due to demand and market conditions. More details are set out in note 4. The carrying amount is £nil (2023-£250,000).

Deferred tax is provided in respect of this valuation and is therefore subject to the same uncertainty. The carrying amount is £nil (2023 -£7,263).

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year 0 0

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 250,000
Impairment Loss (250,000)
As at 31 December 2024 0

Fair value is based on a valuation made by the directors and in their view the tunnels are considered to have a value of £nil.

5. Debtors

2024 2023
£ £
Deferred tax asset 0 7,263

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 279,049 279,049

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 7,263 7,263
Charged to the Statement of Income and Retained Earnings ( 7,263) 0
At the end of financial year 0 7,263

8. Ultimate controlling party

The company's immediate parent is Sableknight Fleet Limited, incorporated in England & Wales. The ultimate parent is Sableknight Limited, incorporated in England & Wales.

The most senior parent entity producing publicly available consolidated financial statements is Sableknight Limited. These financial statements are publicly available from Companies House.

The address of Sableknight Limited is:
22 Chancery Lane
London
WC2A 1LS