1.
General Information
Silver Beach Properties Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04948550
. The registered office is St James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents rents receivable on investment properties for the accounting period.
2.3.
Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.4.
Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
Silver Beach Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 January 2025 |
|
|
|
| As at 31 December 2025 |
|
|
|
| Depreciation | |||
| As at 1 January 2025 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 December 2025 |
|
|
|
| Net Book Value | |||
| As at 31 December 2025 |
|
|
|
| As at 1 January 2025 |
|
|
|
5.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 January 2025 |
|
| Disposals |
( |
| As at 31 December 2025 |
|
Fair value at 31 December 2024 is represented by:
|
£
|
|
|
Valuation in 2009
|
946,940
|
|
Valuation in 2014
|
405,000
|
|
Valuation in 2015
|
83,060
|
|
Valuation in 2017
|
194,000
|
|
Valuation in 2020
|
66,000
|
|
Valuation in 2021
|
50,000
|
|
Valuation in 2023
|
-10,000
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
1,735,000
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
If the investment properties had not been revalued they would have been included at the following historical cost:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Cost | 791,785 | 1,001,725 | |
Silver Beach Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 3,600 | - | |
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 21,856 | 284,895 | |
| Taxation and social security |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
Amounts falling due in more than five years:
Repayable by instalments
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
9.
Secured Creditors
The following secured debts are included within creditors:
The bank loans are secured on the company's investment properties.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 141,450 | 138,760 |
10.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 January 2025 |
|
137,108 |
| Reversals |
( |
(21,067) |
| Balance at 31 December 2025 |
|
116,041 |
Silver Beach Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
12.
Reserves
| Fair value reserve | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 January 2025 |
|
|
| Profit for the year and total comprehensive income | - |
|
| Dividends paid | - | (51,750) |
| Movements in fair value reserve | (106,631) | - |
| As at 31 December 2025 |
|
|
13.
Related Party Transactions
I and P Jones
A directors' loan account exists to which there are no terms attached. At the year end, I Jones was owed £12,092 (2024: £280,977) by the company.