REGISTERED NUMBER: 12921821 (England and Wales)

SILVERLEAF CHELSHAM LTD

Unaudited Financial Statements

For The Year Ended 31 October 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Owens

R Owens

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

REGISTERED NUMBER:

12921821 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

CURRENT ASSETS

Stocks

1,275,826

1,275,826

Debtors

27,633

27,633

Cash at bank

608

43,727

1,304,067

1,347,186

CREDITORS

Amounts falling due within one year

367,161

391,813

NET CURRENT ASSETS

936,906

955,373

TOTAL ASSETS LESS CURRENT LIABILITIES

936,906

955,373

CREDITORS

Amounts falling due after more than one year

972,500

972,500

NET LIABILITIES

(35,594

)

(17,127

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(35,596

)

(17,129

)

(35,594

)

(17,127

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

J Owens - Director

1.	STATUTORY INFORMATION

Silverleaf Chelsham 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.

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.

Going concern

These financial statements have been prepared on a going concern basis, notwithstanding the deficiency of net assets, on the basis that the directors have confirmed that the necessary funds will be made available to the company to enable it to meet its liabilities as and when they fall due.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	SECURED DEBTS

A charge was created on 15 September 2023 in favour of Paragon Bank PLC over the company's property known as 55 Chelsham Road, Warlingham, CR6 9EQ.

A charge was created on 15 September 2023 in favour of Paragon Bank PLC over the company's property known as 9 Alexandra Road, Warlingham, CR6 9DW.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

J Owens

Balance outstanding at start of year

20,660

23,854

Amounts advanced

-

21,833

Amounts repaid

-

(25,027

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,660

20,660

The director's loan account is repayable within 9 months of the balance sheet date. Interest was charged by the company to the director at the official rate for periods when the balance exceeded £10,000.