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Company Registration No. SC713762 (Scotland)
Silvester Property Ltd Unaudited accounts for the year ended 31 October 2025
Silvester Property Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Silvester Property Ltd Company Information for the year ended 31 October 2025
Director
James A Silvester
Company Number
SC713762 (Scotland)
Registered Office
36 Dovecot Park Aberdour Fife KY3 0TD
Accountants
Judith M Pritchard, Chartered Accountant Accountancy & Taxation Services 9 McLauchlan Rise Aberdour Fife KY3 0SS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Silvester Property Ltd for the year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Silvester Property Ltd for the year ended 31 October 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the Board of Directors of Silvester Property Ltd, as a body, in accordance with the terms of our engagement letter dated 23 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Silvester Property Ltd and state those matters that we have agreed to state to the Board of Directors of Silvester Property Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silvester Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Silvester Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Silvester Property Ltd. You consider that Silvester Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Silvester Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Judith M Pritchard, Chartered Accountant Chartered Accountants Accountancy & Taxation Services 9 McLauchlan Rise Aberdour Fife KY3 0SS 6 March 2026
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Silvester Property Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
131,366
128,980
Current assets
Debtors
1,602
14
Cash at bank and in hand
34,178
11,732
35,780
11,746
Creditors: amounts falling due within one year
(16,545)
(9,968)
Net current assets
19,235
1,778
Total assets less current liabilities
150,601
130,758
Creditors: amounts falling due after more than one year
(105,000)
(110,000)
Net assets
45,601
20,758
Capital and reserves
Called up share capital
5
1
1
Profit and loss account
45,600
20,757
Shareholders' funds
45,601
20,758
For the year ending 31 October 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 March 2026 and were signed on its behalf by
James A Silvester Director Company Registration No. SC713762
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Silvester Property Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Silvester Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC713762. The registered office is 36 Dovecot Park, Aberdour, Fife, KY3 0TD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover and rental income
Turnover is recorded on a cash received basis for property management and architectural services, exclusive of Value Added Tax. Rental income is recorded on a cash received basis and is included under Other Income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil, on the basis that property will appreciate
Computer equipment
33.3% reducing balance method
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2024
128,980
Additions
3,020
At 31 October 2025
132,000
Depreciation
Charge for the year
634
At 31 October 2025
634
Net book value
At 31 October 2025
131,366
At 31 October 2024
128,980
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Silvester Property Ltd Notes to the Accounts for the year ended 31 October 2025
5
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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