REGISTERED NUMBER: 03000172 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SILVERGLADES INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I L M Phoenix

M A Phoenix

R N Phoenix

SECRETARY:

I L M Phoenix

REGISTERED OFFICE:

Hedge House Hangersley Hill

Hangersley

Ringwood

BH24 3JW

REGISTERED NUMBER:

03000172 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Tangible assets

4

1,113

1,237

Investment property

5

290,000

290,000

291,113

291,237

CURRENT ASSETS

Debtors

6

310,042

549,656

Cash at bank

32,160

9,970

342,202

559,626

CREDITORS

Amounts falling due within one year

7

15,378

188,797

NET CURRENT ASSETS

326,824

370,829

TOTAL ASSETS LESS CURRENT LIABILITIES

617,937

662,066

CREDITORS

Amounts falling due after more than one year

8

185,000

185,000

NET ASSETS

432,937

477,066

CAPITAL AND RESERVES

Called up share capital

3

3

Revaluation reserve

10

99,199

99,199

Retained earnings

333,735

377,864

SHAREHOLDERS' FUNDS

432,937

477,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 11 December 2025 and were signed on its behalf by:

I L M Phoenix - Director

1.	STATUTORY INFORMATION

Silverglades Investments 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

16,365

DEPRECIATION

At 1 April 2024

15,128

Charge for year

124

At 31 March 2025

15,252

NET BOOK VALUE

At 31 March 2025

1,113

At 31 March 2024

1,237

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

290,000

NET BOOK VALUE

At 31 March 2025

290,000

At 31 March 2024

290,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2012

290,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

190,801

190,801

Investment properties were valued on an open market basis on 29 August 2012 by the directors .

The directors are of the opinion that the current market value is not significantly different from that shown in the accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

310,042

549,656

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

1,477

2,089

Other creditors

13,901

186,708

15,378

188,797

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

185,000

185,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

185,000

185,000

The bank loan is secured by a legal charge over the freehold properties of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

99,199

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

R N Phoenix

Balance outstanding at start of year

120,000

60,000

Amounts advanced

-

100,000

Amounts repaid

(80,000

)

(40,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,000

120,000

Mr Richard Phoenix repaid £80,000 of his directors loan within 9 months of the year end.