Silvercrest Estates limited - Accounts to registrar (filleted) - small 18.2

Silvercrest Estates limited - Accounts to registrar (filleted) - small 18.2

SILVERCREST ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 09208871 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

SILVERCREST ESTATES LIMITED
SILVERCREST ESTATES LIMITED (REGISTERED NUMBER: 09208871)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SILVERCREST ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: E J Thompson
Mrs N Hall





SECRETARY: Mrs N Hall





REGISTERED OFFICE: St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND





REGISTERED NUMBER: 09208871 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Pauls House
23 Park Square
Leeds
West Yorkshire
LS1 2ND
Page 1
SILVERCREST ESTATES LIMITED (REGISTERED NUMBER: 09208871)

BALANCE SHEET
31 DECEMBER 2019

31.12.19 31.12.18
Notes £    £   
CURRENT ASSETS
Stocks 54,025 52,500
Debtors 4 21,325 1,842
Cash at bank and in hand 262,285 562,141
337,635 616,483
CREDITORS
Amounts falling due within one year 5 58,015 277,531
NET CURRENT ASSETS 279,620 338,952
TOTAL ASSETS LESS CURRENT
LIABILITIES
279,620
338,952

CAPITAL AND RESERVES
Called up share capital 281,300 281,300
Retained earnings (1,680 ) 57,652
SHAREHOLDERS' FUNDS 279,620 338,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2020 and were
signed on its behalf by:





Mrs N Hall - Director


The notes form part of these financial statements

Page 2
SILVERCREST ESTATES LIMITED (REGISTERED NUMBER: 09208871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

Silvercrest Estates limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company during the period was residential property development.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In common with virtually every other business in the country, the Company has been experiencing the effects of
the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the Company cannot be
assessed with complete certainty at the current time, the Directors believe they have taken all possible steps to
protect the Company including accessing relevant Government assistance.

At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the
foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower at the lower of cost and net realisable value.

Cost is calculated using the the first in, first out method and includes all direct purchases and an appropriate
proportion of fixed and variable overheads.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

Page 3 continued...
SILVERCREST ESTATES LIMITED (REGISTERED NUMBER: 09208871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Other debtors 21,325 1,842

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors 3,889 5,038
Taxation and social security 7 24,087
Other creditors 54,119 248,406
58,015 277,531

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and
31 December 2018:

31.12.19 31.12.18
£    £   
E J Thompson
Balance outstanding at start of year - -
Amounts advanced 279,391 -
Amounts repaid (263,086 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,305 -

Mrs N Hall
Balance outstanding at start of year - -
Amounts advanced 15,000 -
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

Subsequent to the year end both loans were repaid.

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