REGISTERED NUMBER: 06460459 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SILENUS PROPERTY LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D S Park

REGISTERED OFFICE:

39-41 Lichfield Road

Wednesfield

Wolverhampton

WV11 1TW

REGISTERED NUMBER:

06460459 (England and Wales)

ACCOUNTANTS:

Rice & Co (Brownhills) Limited

Chartered Accountants

90 High Street

Brownhills

Walsall

West Midlands

WS8 6EW

FIXED ASSETS

Tangible assets

4

146,426

191,352

Investment property

5

139,535

139,535

285,961

330,887

CURRENT ASSETS

Stocks

6

589,417

412,513

Debtors

7

112,936

191,478

Cash at bank and in hand

339,757

387,486

1,042,110

991,477

CREDITORS

Amounts falling due within one year

8

274,484

352,849

NET CURRENT ASSETS

767,626

638,628

TOTAL ASSETS LESS CURRENT LIABILITIES

1,053,587

969,515

CREDITORS

Amounts falling due after more than one year

9

(169,367

)

(209,044

)

PROVISIONS FOR LIABILITIES

(36,607

)

(47,838

)

NET ASSETS

847,613

712,633

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

847,610

712,630

SHAREHOLDERS' FUNDS

847,613

712,633

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 15 August 2025 and were signed by:

Mr D S Park - Director

1.	STATUTORY INFORMATION

Silenus Property Ltd. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when goods have been delivered to customers, or services completed, such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

97,023

5,886

275,404

5,951

384,264

Additions

2,529

1,354

-

-

3,883

At 31 December 2024

99,552

7,240

275,404

5,951

388,147

DEPRECIATION

At 1 January 2024

59,999

4,613

125,469

2,831

192,912

Charge for year

9,888

657

37,484

780

48,809

At 31 December 2024

69,887

5,270

162,953

3,611

241,721

NET BOOK VALUE

At 31 December 2024

29,665

1,970

112,451

2,340

146,426

At 31 December 2023

37,024

1,273

149,935

3,120

191,352

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

181,031

DEPRECIATION

At 1 January 2024

55,591

Charge for year

31,360

At 31 December 2024

86,951

NET BOOK VALUE

At 31 December 2024

94,080

At 31 December 2023

125,440

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

139,535

NET BOOK VALUE

At 31 December 2024

139,535

At 31 December 2023

139,535

6.

STOCKS

2024

2023

£

£

Work-in-progress

589,417

412,513

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

103,600

168,796

Other debtors

9,336

22,682

112,936

191,478

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

18,748

20,002

Hire purchase contracts

22,102

21,149

Trade creditors

122,593

129,798

Taxation and social security

83,417

122,035

Other creditors

27,624

59,865

274,484

352,849

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

54,729

72,304

Hire purchase contracts

114,638

136,740

169,367

209,044

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,710

13,128