REGISTERED NUMBER: 04726854 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SILVERVALE ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Collins

REGISTERED OFFICE:

25 Prospect Road

Hartshead

Liversedge

West Yorkshire

WF15 8BA

REGISTERED NUMBER:

04726854 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

35,252

47,002

Investments

5

750,000

-

785,252

47,002

CURRENT ASSETS

Stocks

6

24,550

52,000

Debtors

7

31,437

34,124

Cash at bank and in hand

199,511

508,776

255,498

594,900

CREDITORS

Amounts falling due within one year

8

(599,795

)

(239,901

)

NET CURRENT (LIABILITIES)/ASSETS

(344,297

)

354,999

TOTAL ASSETS LESS CURRENT LIABILITIES

440,955

402,001

CREDITORS

Amounts falling due after more than one year

9

(20,000

)

(68,000

)

PROVISIONS FOR LIABILITIES

12

(8,360

)

(11,230

)

NET ASSETS

412,595

322,771

CAPITAL AND RESERVES

Called up share capital

13

25

25

Capital redemption reserve

75

75

Retained earnings

412,495

322,671

SHAREHOLDERS' FUNDS

412,595

322,771

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 director acknowledges his 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 director and authorised for issue on 12 May 2025 and were signed by:

A P Collins - Director

1.	STATUTORY INFORMATION

Silvervale Enterprises 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.

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.

The company's balance sheet shows net current liabilities of £344,297. The directors have indicated that they will continue to support the company for the foreseeable future should additional funding be required. On this basis, the financial statements have been prepared on the going concern basis.

Turnover

Turnover represents sales of goods, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 55 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

753,625

16,350

769,975

DEPRECIATION

At 1 January 2024

707,686

15,287

722,973

Charge for year

11,485

265

11,750

At 31 December 2024

719,171

15,552

734,723

NET BOOK VALUE

At 31 December 2024

34,454

798

35,252

At 31 December 2023

45,939

1,063

47,002

5.	INVESTMENT IN SUBSIDIARY

Shares in

group

undertakings

£

COST

Additions

750,000

At 31 December 2024

750,000

NET BOOK VALUE

At 31 December 2024

750,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hungry Jack Limited

Registered office: 55 Loudoun Road, London, NW8 0LD

Nature of business: Take-away food shops and mobile food stands

%

Class of shares:

holding

Ordinary

100.00

31.12.24

£

Aggregate capital and reserves

66,670

Profit for the year

111,731

During the year, Silvervale Enterprise Limited acquired 100% of the issued share capital of Hungry Jacks Limited for a total consideration of £750,000.

6.

STOCKS

31.12.24

31.12.23

£

£

Stock

24,550

52,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

5,222

7,909

Other debtors

26,215

26,215

31,437

34,124

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 10)

48,000

48,000

Trade creditors

90,285

67,739

Taxation and social security

101,114

86,435

Other creditors

360,396

37,727

599,795

239,901

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 10)

20,000

68,000

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

48,000

48,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

20,000

48,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

20,000

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

260,000

260,000

Between one and five years

520,000

780,000

780,000

1,040,000

12.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

8,360

11,230

Deferred

tax

£

Balance at 1 January 2024

11,230

Provided during year

(2,870

)

Balance at 31 December 2024

8,360

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

25

Ordinary

£1

25

25

14.	ULTIMATE CONTROLLING PARTY

The parent company is Hotelier Limited.

The ultimate controlling party is A P Collins.

15.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the employees and the directors. Amounts charged to the profit and loss were £13,881 (2023: £11,689). There were no outstanding or prepaid contributions at the balance sheet date.