Silverfin false false 31/12/2024 01/01/2024 31/12/2024 J M Porter 15/10/2012 11 August 2025 The principal activity of the company during the financial year was that of a property investment and development company. 08252296 2024-12-31 08252296 bus:Director1 2024-12-31 08252296 2023-12-31 08252296 core:CurrentFinancialInstruments 2024-12-31 08252296 core:CurrentFinancialInstruments 2023-12-31 08252296 core:Non-currentFinancialInstruments 2024-12-31 08252296 core:Non-currentFinancialInstruments 2023-12-31 08252296 core:ShareCapital 2024-12-31 08252296 core:ShareCapital 2023-12-31 08252296 core:FurtherSpecificReserve3ComponentTotalEquity 2024-12-31 08252296 core:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 08252296 core:RetainedEarningsAccumulatedLosses 2024-12-31 08252296 core:RetainedEarningsAccumulatedLosses 2023-12-31 08252296 core:Non-currentFinancialInstruments core:Secured 2024-12-31 08252296 2024-01-01 2024-12-31 08252296 bus:FilletedAccounts 2024-01-01 2024-12-31 08252296 bus:SmallEntities 2024-01-01 2024-12-31 08252296 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08252296 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08252296 bus:Director1 2024-01-01 2024-12-31 08252296 2023-01-01 2023-12-31 08252296 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 08252296 (England and Wales)

ESPLANADE TRADING LTD

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

ESPLANADE TRADING LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ESPLANADE TRADING LTD

BALANCE SHEET

As at 31 December 2024
ESPLANADE TRADING LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 622,154 622,154
622,154 622,154
Current assets
Debtors 4 159 1,881
Cash at bank and in hand 843 1,553
1,002 3,434
Creditors: amounts falling due within one year 5 ( 390,124) ( 358,668)
Net current liabilities (389,122) (355,234)
Total assets less current liabilities 233,032 266,920
Creditors: amounts falling due after more than one year 6 ( 181,290) ( 188,890)
Provision for liabilities ( 19,054) ( 14,481)
Net assets 32,688 63,549
Capital and reserves
Called-up share capital 1 1
Undistributable reserve 62,757 62,757
Profit and loss account ( 30,070 ) 791
Total shareholder's funds 32,688 63,549

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.

Director's responsibilities:

The financial statements of Esplanade Trading Ltd (registered number: 08252296) were approved and authorised for issue by the Director on 11 August 2025. They were signed on its behalf by:

J M Porter
Director
ESPLANADE TRADING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ESPLANADE TRADING LTD

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

Esplanade Trading Ltd (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 Coastal House, 48 Ashley Road, Bournemouth, BH1 4LJ, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 January 2024 622,154
As at 31 December 2024 622,154

Valuation

The Investment properties were revalued at the balance sheet date, and in the opinion of the director the market value of properties have remained in line with the previous period.

There has been no valuation of investment property by an independent valuer.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 544,916 544,916

4. Debtors

2024 2023
£ £
Prepayments and accrued income 159 1,251
Other debtors 0 630
159 1,881

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 7,552 7,600
Amounts owed to director 13,950 13,920
Other loans 365,180 331,227
Accruals 3,414 1,799
Taxation and social security 28 4,122
390,124 358,668

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured £ 178,123) 181,290 188,890

The loan is secured by a fixed and floating charge over the company.