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Registered number: 09234360
Silver Development and Construction Group Limited
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Silver Development and Construction Group Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
A Iannaccone (Resigned on 05 April 2025)
B Middle (Resigned on 05 April 2025)
S Odell
P Mack
C Dionne-Deanne (Appointed on 05 April 2025)
SECRETARY
A Iannaccone (Appointed on 05 April 2025), B Middle (Appointed on 05 April 2025)
REGISTERED OFFICE
80 Cannon Street
London
EC4N 6HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09234360
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Silver Development and Construction Group Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Silver Development and Construction Group Limited
BALANCE SHEET AT 31 March 2025
20252024
Notes££
FIXED ASSETS
Tangible assets296,489139,252
Investment Assets3500500
96,989139,752
CURRENT ASSETS
Debtors4452,066339,079
Cash at bank and in hand54,70563,877
506,771402,956
CREDITORS: Amounts falling due within one year5420,024340,353
NET CURRENT ASSETS86,74762,603
TOTAL ASSETS LESS CURRENT LIABILITIES183,736202,355
CREDITORS: Amounts falling due after more than one year644,422123,847
PROVISIONS FOR LIABILITIES AND CHARGES820,00625,399
NET ASSETS119,30853,109
CAPITAL AND RESERVES
Called up share capital91,2801,280
Capital redemption reserve10720720
Profit and loss account117,30851,109
SHAREHOLDERS' FUNDS119,30853,109
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 November 2025 and signed on their behalf by
.............................
S Odell
Director
Silver Development and Construction Group Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance 15%
Plant and Machineryreducing balance 33%
Motor Carsreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Turnover
Turnover is derived from services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1f. Investments
Fixed asset investments are shown at cost less impairment.
1g. Statutory Information
Silver Development and Construction Group Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 09234360 and registered office address is 80 Cannon Street, London, EC4N 6HL.
1h. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
Silver Development and Construction Group Limited
2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant and
PropertiesMachineryMotor CarsTotal
££££
Cost
At 1 April 202462,92098,826212,235373,981
Additions-24,521-24,521
Disposals--(90,553)(90,553)
At 31 March 202562,920123,347121,682307,949
Depreciation
At 1 April 202450,54975,763108,417234,729
Disposals--(64,027)(64,027)
For the year2,46012,34525,95340,758
At 31 March 202553,00988,10870,343211,460
Net Book Amounts
At 31 March 20259,91135,23951,33996,489
At 31 March 202412,37123,063103,818139,252
3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 April 2024500500
At 31 March 2025500500
Amortisation
Net Book Amounts
At 31 March 2025500500
At 31 March 2024500500
During the year Silver DCC Limited, a subsidiary, had net assets of £801,406 at the year end, (2024 £732,338). The subsidiary is owned 100% by this company.
Silver Development and Construction Group Limited
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors120,001-
Other debtors107,552127,227
Prepayments80,39062,004
Directors current account144,123144,123
452,066333,354
Amounts falling due over more than one year
Amount due from group companies-5,725
-5,725
452,066339,079
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Taxation and social security122,51756,440
Hire purchase25,94016,683
Trade creditors2,5418,457
Other creditors136,819205,219
Accruals43,25953,554
Amounts due to group companies88,948-
420,024340,353
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Hire purchase >1yr44,422123,847
44,422123,847
7. EMPLOYEES
20252024
No.No.
Average number of employees1415
Silver Development and Construction Group Limited
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation20,00625,399
20,00625,399
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
320 Ordinary A Shares of £1.00 each320320
320 Ordinary E Shares of £1.00 each320320
320 Ordinary C Shares of £1.00 each320320
320 Ordinary F shares of £1.00 each320320
1,2801,280
10. OTHER RESERVES 20252024
££
Capital redemption reserve720720
720720
11. RELATED PARTY TRANSACTIONS
At the balance sheet date, the directors of the company, had advances of loans of £144,123, (Last Year £144,123). The maximum amount advanced in the year was £144,123. Interest was charged on the loan at 2.25% p.a..