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Registered number: 08431115
Silverdale Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Silverdale Investments Ltd for the year ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Silverdale Investments Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accountiIng records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Silverdale Investments Ltd , as a body, in accordance with the terms of our engagement letter dated 19 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Silverdale Investments Ltd and state those matters that we have agreed to state to the director of Silverdale Investments Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silverdale Investments Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Silverdale Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Silverdale Investments Ltd . You consider that Silverdale Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Silverdale Investments Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
12th August 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 08431115
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,154 456,438
Investments 5 250 205
7,404 456,643
CURRENT ASSETS
Debtors 6 205,240 136,692
Cash at bank and in hand 7,622 1,358
212,862 138,050
Creditors: Amounts Falling Due Within One Year 7 (650,400 ) (921,328 )
NET CURRENT ASSETS (LIABILITIES) (437,538 ) (783,278 )
TOTAL ASSETS LESS CURRENT LIABILITIES (430,134 ) (326,635 )
Creditors: Amounts Falling Due After More Than One Year 8 (252,685 ) (35,439 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,359 ) -
NET LIABILITIES (684,178 ) (362,074 )
CAPITAL AND RESERVES
Called up share capital 11 101 2
Profit and Loss Account (684,279 ) (362,076 )
SHAREHOLDERS' FUNDS (684,178) (362,074)
Page 2
Page 3
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Sacks
Director
12th August 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Silverdale Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08431115 . The registered office is Holly Tree Cottage, Clay Lane, Hale, Altrincham, WA15 7TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The accounts have been prepared on a going concern basis. This assumption may not be valid since at the balance sheet date the company has net liabilities of £696,473. The validity of the going concern assumption therefore depends on the continued support of the directors, suppliers and the companies bankers and other providers of finance.
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Fixtures & Fittings 15% Reducing balance method
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 451,175 15,579 466,754
Additions - 1,502 1,502
Disposals (451,175 ) (6,225 ) (457,400 )
As at 30 September 2024 - 10,856 10,856
Depreciation
As at 1 October 2023 3,551 6,765 10,316
Provided during the period - 1,108 1,108
Disposals (3,551 ) (4,171 ) (7,722 )
As at 30 September 2024 - 3,702 3,702
Net Book Value
As at 30 September 2024 - 7,154 7,154
As at 1 October 2023 447,624 8,814 456,438
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 October 2023 200 5 205
Additions 100 - 100
Disposals (50 ) (5 ) (55 )
As at 30 September 2024 250 - 250
Provision
As at 1 October 2023 - - -
As at 30 September 2024 - - -
Net Book Value
As at 30 September 2024 250 - 250
As at 1 October 2023 200 5 205
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 180,200 1,124
Other debtors 667 135,568
180,867 136,692
Due after more than one year
Amounts owed by group undertakings 24,373 -
205,240 136,692
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,003 -
Other loans - 315,000
Other creditors 642,640 605,899
Taxation and social security 757 429
650,400 921,328
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,436 35,439
Other loans 224,249 -
252,685 35,439
There is a fixed and floating charge registered at Companies House over all assets and undertakings of the company.
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 224,249 -
10. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 1,359 1,359
Balance at 30 September 2024 1,359 1,359
Page 6
Page 7
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 1
1 Ordinary A shares of £ 1.00 each 1 1
101 2
Shares issued during the period: £
99 Ordinary Shares of £ 1.00 each 99
Page 7