Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or orther future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.4Property rentalfalse2024-01-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02896461 2024-01-01 2024-12-31 02896461 2023-01-01 2023-12-31 02896461 2024-12-31 02896461 2023-12-31 02896461 2023-01-01 02896461 c:Director1 2024-01-01 2024-12-31 02896461 d:Buildings 2024-12-31 02896461 d:Buildings 2023-12-31 02896461 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02896461 d:FurnitureFittings 2024-01-01 2024-12-31 02896461 d:FurnitureFittings 2024-12-31 02896461 d:FurnitureFittings 2023-12-31 02896461 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02896461 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02896461 d:FreeholdInvestmentProperty 2024-12-31 02896461 d:FreeholdInvestmentProperty 2023-12-31 02896461 d:CurrentFinancialInstruments 2024-12-31 02896461 d:CurrentFinancialInstruments 2023-12-31 02896461 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02896461 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02896461 d:ShareCapital 2024-12-31 02896461 d:ShareCapital 2023-12-31 02896461 d:RevaluationReserve 2024-01-01 2024-12-31 02896461 d:RevaluationReserve 2024-12-31 02896461 d:RevaluationReserve 2023-12-31 02896461 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02896461 d:RetainedEarningsAccumulatedLosses 2024-12-31 02896461 d:RetainedEarningsAccumulatedLosses 2023-12-31 02896461 c:OrdinaryShareClass1 2024-01-01 2024-12-31 02896461 c:OrdinaryShareClass1 2024-12-31 02896461 c:OrdinaryShareClass1 2023-12-31 02896461 c:FRS102 2024-01-01 2024-12-31 02896461 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02896461 c:FullAccounts 2024-01-01 2024-12-31 02896461 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02896461 5 2024-01-01 2024-12-31 02896461 d:RetirementBenefitObligationsDeferredTax 2024-12-31 02896461 d:RetirementBenefitObligationsDeferredTax 2023-12-31 02896461 d:OtherDeferredTax 2024-12-31 02896461 d:OtherDeferredTax 2023-12-31 02896461 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02896461














SILVERHAWK LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2024

 
SILVERHAWK LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 8


 
SILVERHAWK LIMITED
REGISTERED NUMBER:02896461

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,102,267
1,102,750

Investment property
 5 
910,000
910,000

  
2,012,267
2,012,750

Current assets
  

Debtors: amounts falling due within one year
 6 
14,296
8,551

Cash at bank and in hand
  
58,621
34,337

  
72,917
42,888

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(749,779)
(751,877)

Net current liabilities
  
 
 
(676,862)
 
 
(708,989)

Total assets less current liabilities
  
1,335,405
1,303,761

Provisions for liabilities
  

Deferred tax
  
(173,253)
(173,253)

Net assets
  
1,162,152
1,130,508


Capital and reserves
  

Called up share capital 
 9 
25,000
25,000

Revaluation reserve
 10 
665,947
665,947

Profit and loss account
 10 
471,205
439,561

  
1,162,152
1,130,508


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
SILVERHAWK LIMITED
REGISTERED NUMBER:02896461
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




A Doron
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SILVERHAWK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Silverhawk Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company during the year was that of property management and general commercial traders.
The functional and presentational currency of the company is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied exclusive of Value Added Tax.
Turnover for services is recognised in the period in which the service is provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model, other than freehold property, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Page 3

 
SILVERHAWK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revaluation of tangible fixed assets

Freehold properties are carried at fair value. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date. Fair values are determined from market based evidence.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors, and when deemed appropriate by external valuers, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans from or to related parties.


 
2.9

Creditors

Short term creditors are measured at the transaction price. 

  
2.10

Rental income

Rents receivable exclusive of Value Added Tax, included in other operating income, are recognised in the period in which it relates.

 
2.11

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
SILVERHAWK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Pensions

Defined contribution pension plan
The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or orther future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
SILVERHAWK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Freehold property
Fixtures, fittings and equipment
Total

£
£
£



Cost 


At 1 January 2024
1,100,000
29,423
1,129,423



At 31 December 2024

1,100,000
29,423
1,129,423



Depreciation


At 1 January 2024
-
26,673
26,673


Charge for the year on owned assets
-
483
483



At 31 December 2024

-
27,156
27,156



Net book value



At 31 December 2024
1,100,000
2,267
1,102,267



At 31 December 2023
1,100,000
2,750
1,102,750

The 2024 valuation of freehold property was made by the directors, on an open market value for existing use basis. If the freehold property had not been included at valuation it would have been included under the historical cost convention at £275,724 (2023 - £275,724).


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
910,000



At 31 December 2024
910,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



Page 6

 
SILVERHAWK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
4,600
100

Prepayments
9,696
8,451

14,296
8,551



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
415
1,826

Taxation and social security
22,442
19,410

Other creditors
708,711
711,866

Accruals and deferred income
18,211
18,775

749,779
751,877


The Company's bank facilities are secured by a first legal charge over the freehold and investment properties.


8.


Deferred taxation




2024
2023


£

£






At beginning of year
173,253
173,253



At end of year
173,253
173,253

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Freehold property revaluation gains
158,328
158,328

Investment property fair value gains
14,925
14,925

173,253
173,253

Page 7

 
SILVERHAWK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25,000 (2023 - 25,000) Ordinary shares of £1 each
25,000
25,000



10.


Reserves

Revaluation reserve

The revaluation reserve at the Statement of Financial Position date relates to non-distributable revaluation gains.

Profit & loss account

The profit and loss reserves at the Statement of Financial Position date relate to non-distributable fair value adjustments.

 
Page 8