Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr R P Mortimer 18/01/2001 06 August 2025 The principal activity of the Company during the financial year was letting of property. 04143835 2025-03-31 04143835 bus:Director1 2025-03-31 04143835 2024-03-31 04143835 core:CurrentFinancialInstruments 2025-03-31 04143835 core:CurrentFinancialInstruments 2024-03-31 04143835 core:ShareCapital 2025-03-31 04143835 core:ShareCapital 2024-03-31 04143835 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 04143835 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04143835 core:RetainedEarningsAccumulatedLosses 2025-03-31 04143835 core:RetainedEarningsAccumulatedLosses 2024-03-31 04143835 2024-04-01 2025-03-31 04143835 bus:FilletedAccounts 2024-04-01 2025-03-31 04143835 bus:SmallEntities 2024-04-01 2025-03-31 04143835 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04143835 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04143835 bus:Director1 2024-04-01 2025-03-31 04143835 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 04143835 (England and Wales)

SIDFLO LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SIDFLO LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SIDFLO LTD

BALANCE SHEET

As at 31 March 2025
SIDFLO LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 137,500 137,500
137,500 137,500
Current assets
Cash at bank and in hand 59 55
59 55
Creditors: amounts falling due within one year 4 ( 6,202) ( 8,853)
Net current liabilities (6,143) (8,798)
Total assets less current liabilities 131,357 128,702
Provision for liabilities ( 9,234) ( 9,234)
Net assets 122,123 119,468
Capital and reserves
Called-up share capital 1,000 1,000
Fair value reserve 57,712 57,712
Profit and loss account 63,411 60,756
Total shareholder's funds 122,123 119,468

For the financial year ending 31 March 2025 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 Sidflo Ltd (registered number: 04143835) were approved and authorised for issue by the Director on 06 August 2025. They were signed on its behalf by:

Mr R P Mortimer
Director
SIDFLO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SIDFLO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

Sidflo 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent receivable in the normal course of business.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

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. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

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.

The fair value is determined annually by the director, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

The company is run and administered by the director of the company for whom no formal contract of service is in place.

3. Investment property

Investment property
£
Valuation
As at 01 April 2024 137,500
As at 31 March 2025 137,500

Valuation

The investment properties class of fixed assets have been valued by the director who is internal to the company. The basis of this valuation was open market value.

Historic cost

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

2025 2024
£ £
Historic cost 70,554 70,554

4. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 740 274
Other creditors 5,462 8,579
6,202 8,853

5. Related party transactions

During the year the director maintained an interest free loan account which is repayable on demand. At the balance sheet date the amount due to the director was £4,317 (2023 - £7,497).