Silverdale Estates Limited 31/03/2025 iXBRL

Company registration number: 00741737

Silverdale Estates Limited

Unaudited filleted financial statements

31 March 2025

Silverdale Estates Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Silverdale Estates Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	11,091		12,249
Investments	7	1,500,000		1,500,000
		_______		_______
			1,511,091		1,512,249

Current assets
Stocks		5,700		5,700
Debtors	8	7,766		6,547
Cash at bank and in hand		57,758		15,854
		_______		_______
		71,224		28,101
Creditors: amounts falling due
within one year	9	( 36,381)		( 32,112)
		_______		_______
Net current assets/(liabilities)			34,843		( 4,011)
			_______		_______
Total assets less current liabilities			1,545,934		1,508,238

Creditors: amounts falling due
after more than one year	10		( 151,091)		( 113,892)

Provisions for liabilities	11		( 257,545)		( 257,100)

			_______		_______
Net assets			1,137,298		1,137,246
			_______		_______

Capital and reserves
Called up share capital			5,000		5,000
Fair value reserve			1,132,223		1,132,223
Profit and loss account			75		23
			_______		_______
Shareholders funds			1,137,298		1,137,246
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr Kenneth Allman

Director

Company registration number: 00741737

Silverdale Estates Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	5,000	861,354	27	866,381

Profit for the year			319,465	319,465
Transfer of current year fair value gain, net of deferred tax	-	270,869	( 270,869)	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	270,869	48,596	319,465

Dividends paid and payable			( 48,600)	( 48,600)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 48,600)	( 48,600)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	5,000	1,132,223	23	1,137,246

Profit for the year			59,452	59,452
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	59,452	59,452

Dividends paid and payable			( 59,400)	( 59,400)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 59,400)	( 59,400)

	_______	_______	_______	_______
At 31 March 2025	5,000	1,132,223	75	1,137,298
	_______	_______	_______	_______

Silverdale Estates Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Office, Oxhay Court, Newcastle-under-Lyme, Staffordshire, ST5 0SA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fixtures, fittings & equipment	-	10 %	reducing balance
Computer equipment	-	33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	16,912	10,546
	_______	_______

Deferred tax:
Origination and reversal of timing differences	445	130,111
	_______	_______
Tax on profit	17,357	140,657
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1 April 2024	28,617	10,958	39,575
Additions	1,316	-	1,316
	_______	_______	_______
At 31 March 2025	29,933	10,958	40,891
	_______	_______	_______
Depreciation
At 1 April 2024	19,849	7,477	27,326
Charge for the year	925	1,549	2,474
	_______	_______	_______
At 31 March 2025	20,774	9,026	29,800
	_______	_______	_______
Carrying amount
At 31 March 2025	9,159	1,932	11,091
	_______	_______	_______
At 31 March 2024	8,768	3,481	12,249
	_______	_______	_______

7. Investments

	Investment property	Total
	£	£
Fair Value
At 1 April 2024 and 31 March 2025	1,500,000	1,500,000
	_______	_______
Carrying amount
At 31 March 2025	1,500,000	1,500,000
	_______	_______
At 31 March 2024	1,500,000	1,500,000
	_______	_______

Fair Value at 31 March 2025 is represented by: Cost - £112,855 Valuation adjustment in 1996 - £501,645 Valuation adjustment in 2017 - £485,740 Valuation adjustment in 2024 - £399,760 If the investment property had not been revalued, it would have been included at the historical cost of £112,855 (2024: £112,855). The investment property was valued on an open market basis on 31 March 2025 by the company directors.

8. Debtors

	2025	2024
	£	£
Directors loan accounts	3,847	6,314
Prepayments and accrued income	285	233
PAYE recoverable	499	-
Other debtors	3,135	-
	_______	_______
	7,766	6,547
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,376	8,109
Trade creditors	-	678
Corporation tax	16,875	10,533
Social security and other taxes	-	200
Directors loan accounts	4,108	-
Other creditors	12,422	11,692
Accruals and deferred income	600	900
	_______	_______
	36,381	32,112
	_______	_______

The bank loan is secured by a legal charge over the freehold property and a fixed and floating charge over the assets of the company.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	151,091	113,892
	_______	_______

The bank loan is secured by a legal charge over the freehold property and a fixed and floating charge over the assets of the company.

Included within creditors: amounts falling due after more than one year is an amount of £123,921 (2024: £73,887) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

11. Provisions

	Deferred tax (note 12)	Total
	£	£
At 1 April 2024	257,100	257,100
Additions	445	445
	_______	_______
At 31 March 2025	257,545	257,545
	_______	_______

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 11)	257,545	257,100
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	2,772	2,327
Fair value adjustment of investment property	254,773	254,773
	_______	_______
	257,545	257,100
	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Kenneth Allman	5,466	42,132	( 43,751)	3,847
	Mrs Susan Allman	848	29,295	( 34,251)	( 4,108)
		_______	_______	_______	_______
		6,314	71,427	( 78,002)	( 261)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Kenneth Allman	5,163	31,130	( 30,827)	5,466
	Mrs Susan Allman	2,934	28,981	( 31,067)	848
		_______	_______	_______	_______
		8,097	60,111	( 61,894)	6,314
		_______	_______	_______	_______

14. Related party transactions

Mr K Allman is considered to be a related party by virtue of his directorship of and shareholding in the company. As at the year end date, Mr K Allman owed the company £3,847 (2024: £5,466). The loan was unsecured and interest free with no specific repayment terms.Mrs S Allman is considered to be a related party by virtue of her directorship of and shareholding in the company. As at the year end date, the company owed Mrs S Allman £4,108 (2024: Mrs S Allman owed the company £848). The loan was unsecured and interest free with no specific repayment terms.