Silverfin false false 31/12/2024 01/01/2024 31/12/2024 J Conroy P Wilton J Wilton M Wilton J Wilton E Wilton A B Wilton 25 July 2025 The principal activity of the company is property investment. 02082414 2024-12-31 02082414 core:CurrentFinancialInstruments 2024-12-31 02082414 core:CurrentFinancialInstruments 2023-12-31 02082414 2023-12-31 02082414 core:ShareCapital 2024-12-31 02082414 core:ShareCapital 2023-12-31 02082414 core:SharePremium 2024-12-31 02082414 core:SharePremium 2023-12-31 02082414 bus:OrdinaryShareClass1 2024-12-31 02082414 2024-01-01 2024-12-31 02082414 bus:FilletedAccounts 2024-01-01 2024-12-31 02082414 bus:SmallEntities 2024-01-01 2024-12-31 02082414 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02082414 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02082414 bus:Director1 2024-01-01 2024-12-31 02082414 bus:Director2 2024-01-01 2024-12-31 02082414 bus:Director3 2024-01-01 2024-12-31 02082414 bus:Director4 2024-01-01 2024-12-31 02082414 bus:Director5 2024-01-01 2024-12-31 02082414 bus:Director6 2024-01-01 2024-12-31 02082414 bus:Director7 2024-01-01 2024-12-31 02082414 2023-01-01 2023-12-31 02082414 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02082414 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02082414 (England and Wales)

PAUL WILTON PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

PAUL WILTON PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PAUL WILTON PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
PAUL WILTON PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 9,352 34,054
9,352 34,054
Creditors: amounts falling due within one year 4 0 ( 24,702)
Net current assets 9,352 9,352
Total assets less current liabilities 9,352 9,352
Net assets 9,352 9,352
Capital and reserves
Called-up share capital 5 1,100 1,100
Share premium account 8,252 8,252
Total shareholder's funds 9,352 9,352

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 Paul Wilton Properties Limited (registered number: 02082414) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

P Wilton
Director

25 July 2025

PAUL WILTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PAUL WILTON PROPERTIES 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

Paul Wilton Properties 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 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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

In 2023 the directors made the decision that the company would cease trading and that the residual trading activities be transferred to certain fellow group companies. The transfer was finalised in December 2023. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the company's assets have been written down to their net realisable value.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 7 4

3. Debtors

2024 2023
£ £
Other debtors 9,352 34,054

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 24,702

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,100 Ordinary shares of £ 1.00 each 1,100 1,100

6. Related party transactions

Other related party transactions

2024 2023
£ £
Included in other debtors are amounts owed from other related parties 9,352 34,054

7. Ultimate controlling party

Parent Company:

Gatetrade Limited
35 Ballards Lane, London, England, N3 1XW