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Registered number: 11271713
SILVERSTREAM FINANCE (CITY) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2026
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SILVERSTREAM FINANCE (CITY) LIMITED
REGISTERED NUMBER: 11271713
BALANCE SHEET
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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SILVERSTREAM FINANCE (CITY) LIMITED
REGISTERED NUMBER: 11271713
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 5 form part of these financial statements.
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SILVERSTREAM FINANCE (CITY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Silverstream Finance (City) Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 50A The Ridgeway, Golders Green, London, NW11 8QN.
The company's principal activity is that of provision of finance.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Turnover represents fees and interest earned from the provision of finance, and is recognised in the profit and loss account in the period to which it relates.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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SILVERSTREAM FINANCE (CITY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the year was 2 (2025 - 2).
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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SILVERSTREAM FINANCE (CITY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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The bank loan is secured by a fixed and floating charge on the assets of the Company.
The amounts due to group undertakings carries interest at commercial rates and is subordinated in favour of the bank loan.
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Allotted, called up and fully paid
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100 (2025 - 100) Ordinary share shares of £1.00 each
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Related party transactions
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Included within creditors is an outstanding balance of £2,413,788 (2025: £2,995,273) owed to group companies.
Included within debtors is an outstanding balance of £nil (2025: £4,631) owed from group companies.
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The controlling party is Silverstream (Nominees) Limited, a company incorporated in England and Wales under company registration number 07135237. The Registered Office address is 50a The Ridgeway, Golders Green, London, NW11 8QN.
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