ACCOUNTS - Final Accounts preparation



	Silverstripe Advisers Limited













	Unaudited financial statements

	for the year ended 31 December 2024

	Registered number: 12357704


Silverstripe Advisers Limited - Registered number: 12357704

Balance sheet

as at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		3,383		-
			3,383		-
Current assets
Debtors: amounts falling due within one year	6	239,917		210,061
Cash at bank and in hand	7	625,799		84,725
		865,716		294,786
Creditors: amounts falling due within one year	8	(4,322,286)		(1,826,760)
Net current liabilities			(3,456,570)		(1,531,974)

Net liabilities			(3,453,187)		(1,531,974)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(3,453,287)	(1,532,074)
	(3,453,187)	(1,531,974)

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Silverstripe Advisers Limited - Registered number: 12357704

Balance sheet (continued)

as at 31 December 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N Aspinall

Director

Date: 24 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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Silverstripe Advisers Limited

Notes to the financial statements

for the year ended 31 December 2024

1.	General information

Silverstripe Advisers Limited is a limited company limited by shares and incorporated in the United Kingdom. The address of the registered office and principal place of business is 6th Floor, 3 Valentine Place, London, SE1 8QH.

2.Significant accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Pound Sterling (£), which is also the functional currency.
The following principal accounting policies have been applied consistently throughout the year.

2.2

Going concern

After reviewing the forecasts and projections the directors have reasonable expectations that the company
has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Administrative expenses

All expenses have been accounted for on an accruals basis.

2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

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Silverstripe Advisers Limited

Notes to the financial statements

for the year ended 31 December 2024

2.Significant accounting policies (continued)

2.6

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.7

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to
pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise
based on current tax rate and law. Timing differences arise from the inclusion of items of income and
expenditure in taxation computations in periods different from those in which they are included in financial
statements.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be
recovered. Deferred tax assets and liabilities are not discounted.

2.8

Foreign currency translation

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the
dates of the transactions.
At each period-end, foreign currency monetary items are translated using the closing rate.
Foreign exchange gains and losses resulting from the settlement of transactions and from the transaction at
period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are
recognised in the Statement of comprehensive income.
All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.

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Silverstripe Advisers Limited

Notes to the financial statements

for the year ended 31 December 2024

2.Significant accounting policies (continued)

2.9

Tangible assets

Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Debtors

Short term debtors are measured at transaction price less any impairment.

2.11

Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with financial institutions
repayable without penalty on notice and other short term highly liquid investments with original maturity of 3
months or less and bank overdrafts.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and
loans to related parties.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the companies accounting policies, which are described in note 2, the directors are required to
make judgments, estimates and assumptions which affect the amounts reported for assets and liabilities as at the
period-end date and amounts reported for revenues and expenses during the period. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be relevant. However, the
nature of estimation means that actual outcomes could differ from those estimates.
There were no significant estimates or judgements made in the year.

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Silverstripe Advisers Limited

Notes to the financial statements

for the year ended 31 December 2024

Employees

The average monthly number of employees, including directors was 7 (2023 - 6).

5.	Tangible assets

		Computer equipment
		£
	Cost
	Additions	3,582
	At 31 December 2024	3,582
	Accumulated depreciation
	Charge for the year	199
	At 31 December 2024	199
	Net book value
	At 31 December 2024	3,383
	At 31 December 2023	-

Debtors

					2024	2023
					£	£


Trade debtors	-	72,128
Other debtors	232,199	132,827
Prepayments and accrued income	7,718	5,106
	239,917	210,061

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Silverstripe Advisers Limited

Notes to the financial statements

for the year ended 31 December 2024

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	625,799	84,725
	625,799	84,725

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	72,632	5,395
Other creditors	4,242,704	1,813,154
Accruals and deferred income	6,950	8,211
	4,322,286	1,826,760

9.	Ultimate parent company and controlling party

The immediate parent undertaking is Silverstripe Partners Limited.
Silverstripe Partners Limited registered office and its principal place of business is 6th Floor, 3 Valentine Place, London, SE1 8QH.

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