Silverburn Trading Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Silverburn Trading Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00271529 . The registered office is 76 Winter Hey Lane, Horwich, Bolton, Lancs, BL6 7PQ.

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 company meets its funding requirements by means of a loan from its parent undertaking, Silverburn Finance (UK) Limited. The parent company has stated that it does not intend to withdraw its financial support in the foreseeable future. In view of the relationship between the company and the parent company, the directors consider that further funding will be made available as required. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3. Turnover

The turnover shown in the profit and loss account represents the value of all livestock sold and livery and other services provided during the year at selling price exclusive of value added tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards have been transferred to the customer.

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	0%
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of the cash-generating unit to which the asset belongs.

2.5. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.6. Stocks and Work in Progress

The stock relates to cattle and harvested products, these are valued at market value. The valuation is performed each year by a qualified agricultural specialist valuer based on current market prices.

2.7. 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.

...CONTINUED

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Silverburn Trading Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Taxation - continued

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.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

2.10. Basic financial liabilities

Basic financial liabilities, including other creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at market rate of interest.

Debt instruments are subsequently carried at amortised cost, using effective interest rate method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: )

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost or Valuation
As at 1 February 2024	71,452	15,954	5,000	11,070	103,476

As at 31 January 2025	71,452	15,954	5,000	11,070	103,476

Depreciation
As at 1 February 2024	42,539	15,954	5,000	10,485	73,978
Provided during the period	-	-	-	146	146

As at 31 January 2025	42,539	15,954	5,000	10,631	74,124

Net Book Value
As at 31 January 2025	28,913	-	-	439	29,352

As at 1 February 2024	28,913	-	-	585	29,498

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Silverburn Trading Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 February 2024	365,000
Revaluations	65,000

As at 31 January 2025	430,000

6. Stocks

	2025	2024 as restated
	£	£
Stock	78,500	61,650

7. Debtors

	2025	2024 as restated
	£	£
Due within one year
Other debtors	6,715	3,669

8. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Other loans	3,368,861	3,203,211
Other creditors	1,531	1,531
Taxation and social security	1,471	3,991

	3,371,863	3,208,733

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	500	500

10. Reserves

	Revaluation Reserve
	£
Net investment property revaluation reserve	65,000

As at 31 January 2025	65,000

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Silverburn Trading Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

11. Related Party Transactions

The following amounts were outstanding at the reporting end date:

2025 2024

£ £

Amounts due to related parties

Entities with control, joint control or significant influence over the company

3,368,874 3,203,211

The movement relates to net loan advances totalling £165,633 (2024: £77,000)

12. Parent Undertaking and Controlling Party

The directors consider the ultimate parent company to be Rosedean Investments Limited, a company incorporated in the Isle of Man. The immediate parent company is Silverburn Finance (Uk) Limited, a company registered in England & Wales. Both of these companies are exempt from the requirement to prepare group accounts.

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		29,352		29,498
Investment Properties	5		430,000		365,000

			459,352		394,498
CURRENT ASSETS
Stocks	6	78,500		61,650
Debtors	7	6,715		3,669
Cash at bank and in hand		6,312		772

		91,527		66,091
Creditors: Amounts Falling Due Within One Year	8	(3,371,863 )		(3,208,733 )

NET CURRENT ASSETS (LIABILITIES)			(3,280,336 )		(3,142,642 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,820,984 )		(2,748,144 )

NET LIABILITIES			(2,820,984 )		(2,748,144 )

CAPITAL AND RESERVES
Called up share capital	9		500		500
Revaluation reserve	10		65,000		-
Profit and Loss Account			(2,886,484 )		(2,748,644 )

SHAREHOLDERS' FUNDS			(2,820,984)		(2,748,144)