REGISTERED NUMBER: 04342432 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Silver Ice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D F Bowden

REGISTERED OFFICE:

c/o DJH Chester City

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

04342432 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

BANKERS:

Lloyds TSB

355 Woodchurch Road

Prenton

Wirral

CH42 8PE

FIXED ASSETS

Investment property

4

1,242,471

1,242,471

CURRENT ASSETS

Stocks

940,564

940,564

Debtors

5

893,519

771,021

Cash at bank

72,701

43,079

1,906,784

1,754,664

CREDITORS

Amounts falling due within one year

6

2,170,987

2,362,967

NET CURRENT LIABILITIES

(264,203

)

(608,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

978,268

634,168

CREDITORS

Amounts falling due after more than one year

7

846,181

494,294

NET ASSETS

132,087

139,874

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

132,079

139,866

SHAREHOLDERS' FUNDS

11

132,087

139,874

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr D F Bowden - Director

1.	STATUTORY INFORMATION

Silver Ice 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 financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

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

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,242,471

NET BOOK VALUE

At 31 December 2024

1,242,471

At 31 December 2023

1,242,471

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by participating interests

768,615

646,115

Directors' current accounts

124,904

124,906

893,519

771,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

6,526

6,526

Amounts owed to participating interests

552,709

568,709

Tax

7,372

6,142

Other creditors

1,602,430

1,779,640

Accruals and deferred income

1,950

1,950

2,170,987

2,362,967

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

6,783

6,783

Bank loans - 2-5 years

22,312

22,312

Bank loans more 5 yr by instal

817,086

465,199

846,181

494,294

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

817,086

465,199

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

852,707

500,820

The bank loans and mortgage are secured by a fixed charge over the freehold property.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made a loan to the director of the company of £125,000. The amount outstanding at the balance sheet date was £124,906. The loan is interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

Mr D F Bowden, a director of the company, is also a director and shareholder in Warren Developments (Wirral) Limited and Bowdens Property Investments Limited. Mr Bowden is also a director of Pipeplane Limited.

Mr Bowden is also the proprietor of a business Treadsafe.

The company has made / (received) loans to / (from) these entities, all of which are interest free and repayable on demand.

At the balance sheet date, the following balances were due from / (to) the following related parties:-

Warren Developments (Wirral) Limited 2023: £(130,500) (2022: £(130,500))

Bowdens Property Investments Limited 2023: £(420,583) (2022: £(420,583))

Pipeplane Limited 2023: £(17,626) (2022: £(17,626))

Treadsafe 2023: £646,115 (2022: £646,115)

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.12.24

31.12.23

£

£

Profit for the financial year

34,713

26,371

Dividends

(42,500

)

(42,500

)

Net reduction of shareholders' funds

(7,787

)

(16,129

)

Opening shareholders' funds

139,874

156,003

Closing shareholders' funds

132,087

139,874