Silmir Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01010916

SILMIR INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

24 June 2025

SILMIR INVESTMENTS LIMITED

BALANCE SHEET

24 June 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5	5,449,260	5,359,924
Investments	6	250,000	240,346
		-------------	-------------
		5,699,260	5,600,270

CURRENT ASSETS

Debtors	7	353,625	297,691
Cash at bank and in hand		2,471,687	2,716,867
		-------------	-------------
		2,825,312	3,014,558

CREDITORS: amounts falling due within one year	8	( 891,625)		( 944,645)
		-------------		-------------
NET CURRENT ASSETS			1,933,687	2,069,913
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			7,632,947	7,670,183

PROVISIONS

Taxation including deferred tax	( 200,000)	( 200,000)
	-------------	-------------
NET ASSETS	7,432,947	7,470,183
	-------------	-------------

CAPITAL AND RESERVES

Called up share capital	9	6,300	6,300
Profit and loss account		7,426,647	7,463,883
		-------------	-------------
SHAREHOLDERS FUNDS		7,432,947	7,470,183
		-------------	-------------

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 profit and loss account has not been delivered.

For the year ending 24 June 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 .

SILMIR INVESTMENTS LIMITED

BALANCE SHEET (continued)

24 June 2025

These financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

Mr S J Chontow

Director

Company registration number: 01010916

SILMIR INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 24 JUNE 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 114 Albert Avenue, Manchester, M25 0LU.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis except that investment properties are measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below: i. Property valuations The company's investment properties are valued by the directors. The valuation of the company's properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions. ii. Trade debtors Management uses details of the age of trade debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values.

Turnover

The turnover of the company is represented by rents and charges in respect of its investment properties.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition, investment properties are revalued to fair value, with any changes in fair value recognised in the profit and loss account in the period in which they arise. No depreciation is provided in respect of investment properties applying the fair value model. Investment properties' fair value is determined by the directors based on their understanding of property market conditions and the specific properties concerned. Residential investment properties are valued using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. Commercial investment properties are valued by the directors based on their understanding of property market conditions and the specific properties concerned using the income capitalisation method, requiring the application of an appropriate market based yield to net operating income. Acquisitions and disposals of properties Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

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	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. TANGIBLE ASSETS

	Investment properties
	£
Cost or fair value
At 25 June 2024	5,359,924
Additions	89,336
	-------------
At 24 June 2025	5,449,260
	-------------
Carrying amount
At 24 June 2025	5,449,260
	-------------
At 24 June 2024	5,359,924
	-------------

The company's investment properties were valued by the directors at 24 June 2025 based on their understanding of property market conditions and the specific properties concerned. Residential properties are valued using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. Commercial investment properties are valued by the directors based on their understanding of property market conditions and the specific properties concerned using the income capitalisation method, requiring the application of an appropriate market based yield to net operating income. The historical cost of the properties is £1,783,040 (2024: £1,604,367).

6. INVESTMENTS

	Other investments other than loans
	£
Cost
At 25 June 2024	240,346
Additions	9,654
	----------
At 24 June 2025	250,000
	----------
Impairment
At 25 June 2024 and 24 June 2025	–
	----------

Carrying amount
At 24 June 2025	250,000
	----------
At 24 June 2024	240,346
	----------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	125,248	94,532
Other debtors	228,377	203,159
	----------	----------
	353,625	297,691
	----------	----------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	190,894	163,995
Social security and other taxes	8,594	10,512
Other creditors	692,137	770,138
	----------	----------
	891,625	944,645
	----------	----------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	630,000	6,300	630,000	6,300
	----------	-------	----------	-------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors (Note 8) include amounts aggregating £89,362 (2024: £89,362) owed to the directors.

11. RELATED PARTY TRANSACTIONS

Included in other creditors (Note 8) is an amount of £509,878 due to a company of which certain of the directors of this company are also directors.