Abbreviated Company Accounts - SILVERLINK PROPERTIES LIMITED
Abbreviated Company Accounts - SILVERLINK PROPERTIES LIMITED
Registered Number 02410157
SILVERLINK PROPERTIES LIMITED
Abbreviated Accounts
30 June 2014
SILVERLINK PROPERTIES LIMITED Registered Number 02410157
Abbreviated Balance Sheet as at 30 June 2014
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Current assets | |||
Debtors |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 June 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
SILVERLINK PROPERTIES LIMITED Registered Number 02410157
Notes to the Abbreviated Accounts for the period ended 30 June 2014
1Accounting Policies
Basis of measurement and preparation of accounts
The company has ceased trading and was dormant throughout the current period. It is anticipated that the company will remain dormant for the foreseeable future. Key performance indicators are not considered necessary for an understanding of the development, performance or position of the business of the company.
The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company’s assets to net realisable value. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such were committed at the balance sheet date.
ULTIMATE PARENT COMPANY AND CONTROLLING PARTY
The ultimate parent company is Clouston Group Limited (formerly named Silverlink Holdings Limited) a company incorporated in England. Copies of the financial statements of Clouston Group Limited can be obtained from Companies House, Crown Way, Cardiff, CF4 3UZ. Clouston Group Limited heads the only group in which these accounts are consolidated. The ultimate controlling party is W D Clouston.
CROSS GUARANTEE
The company has given an unlimited guarantee in favour of HSBC Bank plc in respect of the borrowings of Clouston Group Limited, Silverlink Properties Limited, Silverlink Property Developments PLC, Trinity Gardens Developments plc, Stephenson Quarter Developments Limited, Stockbridge House Limited and One Trinity Gardens Limited. At 30th June 2014 these borrowings totalled £2,936,144 (2013 - £2,936,144).