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REGISTERED NUMBER: 01253037 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SILVI TRIMMINGS LIMITED

SILVI TRIMMINGS LIMITED (REGISTERED NUMBER: 01253037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


SILVI TRIMMINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Stace
S N Stace
J L Stace - Sadler





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





BUSINESS ADDRESS: "Portway"
Newham Lane
Steyning
West Sussex
BN44 3LR





REGISTERED NUMBER: 01253037 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

SILVI TRIMMINGS LIMITED (REGISTERED NUMBER: 01253037)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 800,000 800,000

CURRENT ASSETS
Debtors 5 14,224 15,270
Investments 6 91,144 84,432
Cash at bank 248,052 338,013
353,420 437,715
CREDITORS
Amounts falling due within one year 7 23,540 21,535
NET CURRENT ASSETS 329,880 416,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,880

1,216,180

PROVISIONS FOR LIABILITIES 8 24,170 22,794
NET ASSETS 1,105,710 1,193,386

CAPITAL AND RESERVES
Called up share capital 9 380 380
Capital redemption reserve 24 24
Investment property fair value reserve 10 413,184 414,560
Retained earnings 692,122 778,422
SHAREHOLDERS' FUNDS 1,105,710 1,193,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:



J Stace - Director


SILVI TRIMMINGS LIMITED (REGISTERED NUMBER: 01253037)

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


1. STATUTORY INFORMATION

Silvi Trimmings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from rents receivable from the company's investment properties is recognised for the period that the rent covers.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current asset investments
Current asset investments are stated at fair value.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

SILVI TRIMMINGS LIMITED (REGISTERED NUMBER: 01253037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 800,000
NET BOOK VALUE
At 31 December 2024 800,000
At 31 December 2023 800,000

Cost or valuation at 31 December 2024 is represented by:

£
Valuations b/fwd 437,354
Cost 362,646
800,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 362,646 362,646

The investment properties were valued on an open market basis by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,820 5,820
Other debtors 8,404 9,450
14,224 15,270

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 91,144 84,432

SILVI TRIMMINGS LIMITED (REGISTERED NUMBER: 01253037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 16,407 13,464
Other creditors 7,133 8,071
23,540 21,535

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,170 22,794

Deferred
tax
£   
Balance at 1 January 2024 22,794
Charge to Income Statement during year 1,376
Balance at 31 December 2024 24,170

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
164 Ordinary £1 164 164
216 'C' Ordinary £1 216 216
380 380

10. RESERVES
Investment
property
fair
value
reserve
£   
At 1 January 2024 414,560
Deferred tax movement on revalued
properties

(1,376

)


At 31 December 2024 413,184

11. RELATED PARTY DISCLOSURES

During the year the company received rental income of £58,200 (2023: £56,350) from Size Storage Limited, a company with connected directors and shareholders. At the year end the outstanding balance was £7,459 (2023: £8,820).