Company Registration No. 10755185 (England and Wales)
Silvershine Estates Ltd
Unaudited accounts
for the year ended 31 May 2021
Silvershine Estates Ltd
Unaudited accounts
Contents
Silvershine Estates Ltd
Company Information
for the year ended 31 May 2021
Directors
Sarah Rachel Klein
Chaya Fradel Mendlovic
Joseph Mendlovic
Company Number
10755185 (England and Wales)
Registered Office
5a Fountayne Road
London
N16 7EA
England
Silvershine Estates Ltd
Statement of financial position
as at 31 May 2021
Called up share capital not paid
-
6
Investment property
307,081
-
Cash at bank and in hand
1,094
-
Creditors: amounts falling due within one year
(82,100)
-
Net current liabilities
(57,144)
-
Total assets less current liabilities
249,937
6
Creditors: amounts falling due after more than one year
(257,092)
-
Net (liabilities)/assets
(7,155)
6
Called up share capital
6
6
Profit and loss account
(7,161)
-
Shareholders' funds
(7,155)
6
For the year ending 31 May 2021 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2022 and were signed on its behalf by
Joseph Mendlovic
Director
Company Registration No. 10755185
Silvershine Estates Ltd
Notes to the Accounts
for the year ended 31 May 2021
Silvershine Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10755185. The registered office is 5a Fountayne Road, London, N16 7EA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Transactions with related parties
Included within debtors are amounts aggregating to £23,000 due from companies with a director in common with this company.
Included within creditors are amounts aggregating to £81,500 owed to companies with a director in common with this company.
5
Average number of employees
During the year the average number of employees was 0 (2020: 0).
