ACCOUNTS - Final Accounts preparation

Registered number: 10591561

SILVERMARSH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

SILVERMARSH LIMITED

REGISTERED NUMBER: 10591561

BALANCE SHEET

AS AT 31 MARCH 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	314,636		287,631
Cash at bank and in hand	6	-		12,199
		314,636		299,830
Creditors: amounts falling due within one year	7	(593,331)		(592,531)
Net current liabilities			(278,695)		(292,701)
Total assets less current liabilities			(278,695)		(292,701)

Net liabilities			(278,695)		(292,701)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(278,795)	(292,801)
	(278,695)	(292,701)

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SILVERMARSH LIMITED

REGISTERED NUMBER: 10591561

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 on 30 September 2025.

Richard John Evans

Director

The notes on pages 3 to 6 form part of these financial statements.

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SILVERMARSH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1.	General information

Silvermarsh Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as follows.

	Registered number	10591561
	Registered office address	MHA House Charter Court Phoenix Way Swansea SA7 9FS

The presentation currency of the financial statements is the Pound Sterling (£).

2.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 following principal accounting policies have been applied:

2.2

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

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

2.5

Turnover

Turnover represents interest receivable in respect of loans granted and is recognised in accordance with the terms of the relevant loan agreement.

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SILVERMARSH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision onlt effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)

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SILVERMARSH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Debtors

					2024	2023
					£	£


Trade debtors	284,030	284,031
Other debtors	30,606	3,600
	314,636	287,631

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	-	12,199
	-	12,199

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

Trade creditors	600	-
Other creditors	585,281	585,281
Accruals and deferred income	7,450	7,250
	593,331	592,531

8.	Financial instruments
		2024	2023
		£	£

	Financial assets
	Financial assets which are debt instruments measured at amortised cost	284,031	284,031

	Financial liabilities
	Financial liabilities measured at amortised cost	585,281	585,281

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SILVERMARSH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

9.	Related party transactions
	Included in other debtors is an amount of £3,500 (2023 - £3,500) due from Tangled Rat Limited to the company. IIncluded in other creditors is an amount of £585,281 (2023 - £585,281) due to Tangled Rat Limited to the company.

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