REGISTERED NUMBER: 11201311 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SILVERSAIL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A R Fell

Mrs H Fell

REGISTERED OFFICE:

Dalmar House

Barras Lane Estate

Dalston

Carlisle

Cumbria

CA5 7NY

REGISTERED NUMBER:

11201311 (England and Wales)

ACCOUNTANTS:

RfM Preston Ltd

Chartered Accountants

Unit 1, Guest House Farm

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HD

FIXED ASSETS

Investments

4

20

20

CURRENT ASSETS

Cash at bank

12,184

11,044

CREDITORS

Amounts falling due within one year

5

12,172

6,201

NET CURRENT ASSETS

12

4,843

TOTAL ASSETS LESS CURRENT LIABILITIES

32

4,863

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

30

4,861

SHAREHOLDERS' FUNDS

32

4,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 8 January 2026 and were signed on its behalf by:

A R Fell - Director

1.	STATUTORY INFORMATION

Silversail 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.

TURNOVER

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

INVESTMENTS IN ASSOCIATES

Investments in associate undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 March 2024

and 28 February 2025

20

NET BOOK VALUE

At 28 February 2025

20

At 29 February 2024

20

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

4,185

64

Directors' current accounts

7,217

5,267

Accruals and deferred income

770

870

12,172

6,201

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

A R Fell and Mrs H Fell

Balance outstanding at start of year

(5,267

)

(3,877

)

Amounts repaid

(1,950

)

(1,390

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,217

)

(5,267

)

No interest is charged.