Silverspur Limited
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Registered number: |
03313324
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Directors' Report |
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The directors present their report and accounts for the year ended 31 December 2015. |
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Principal activities |
The company's principal activity during the year continued to be that of the provision of administrative services.
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Directors |
The following persons served as directors during the year: |
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Ben Bateson (resigned 27 July 2015)
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Andrew Gilfillan (appointed 27 July 2015)
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Panfry Limited
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 28 September 2016 and signed on its behalf. |
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R Hazzard for and on behalf of Panfry Limited |
Director |
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Silverspur Limited
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Balance Sheet |
as at 31 December 2015
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Notes |
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2015 |
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2014 |
£ |
£ |
Fixed assets |
Investments |
4 |
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5 |
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5 |
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Current assets |
Debtors |
5 |
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26,849 |
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29,884 |
Cash at bank and in hand |
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22,112 |
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26,417 |
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48,961 |
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56,301 |
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Creditors: amounts falling due within one year |
6 |
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(2,809) |
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(4,084) |
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Net current assets |
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46,152 |
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52,217 |
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Net assets |
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46,157 |
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52,222 |
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Capital and reserves |
Called up share capital |
7 |
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10,000 |
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10,000 |
Profit and loss account |
8 |
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36,157 |
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42,222 |
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Shareholders' funds |
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46,157 |
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52,222 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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R Hazzard for and on behalf of Panfry Limited |
Director |
Approved by the board on 28 September 2016
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Silverspur Limited
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Notes to the Accounts |
for the year ended 31 December 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and UK GAAP; the Financial Reporting Standard for Smaller Entities (FRSSE 2015).
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The company has elected not to produce a cash flow statement on the grounds that it is not required under the FRSSE 2015. |
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Turnover |
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Turnover represents amounts derived from the company's principal activity.
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Investments |
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Fixed asset investments are stated at cost less provision for diminution in value. |
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Foreign currencies |
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The company's accounting records are maintained in Pounds Sterling. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
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2 |
Interest payable and similar charges |
2015 |
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2014 |
£ |
£ |
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Loss on foreign exchange |
1,441 |
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1,511 |
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1,441 |
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1,511 |
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3 |
Taxation |
2015 |
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2014 |
£ |
£ |
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UK corporation tax |
- |
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1,534 |
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4 |
Investments |
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Other |
investments |
£ |
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Cost |
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At 1 January 2015 |
5 |
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At 31 December 2015 |
5 |
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Other investments |
2015 |
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2014 |
£ |
£ |
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Unlisted investments |
5 |
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5 |
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5% interest in UTS Universal Trading & Services Group - cost |
5 |
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5 |
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5 |
Debtors |
2015 |
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2014 |
£ |
£ |
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Trade debtors |
26,849 |
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29,884 |
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6 |
Creditors: amounts falling due within one year |
2015 |
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2014 |
£ |
£ |
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Corporation tax |
1,534 |
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1,534 |
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Other creditors |
1,275 |
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2,550 |
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2,809 |
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4,084 |
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7 |
Share capital |
Nominal |
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2015 |
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2015 |
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2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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10,000 |
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10,000 |
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10,000 |
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8 |
Profit and loss account |
2015 |
£ |
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At 1 January 2015 |
42,222 |
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Loss for the year |
(6,065) |
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At 31 December 2015 |
36,157 |
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9 |
Ultimate controlling party |
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The Directors are aware of the identity of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information required by Financial Reporting Standard 8. Therefore, they have taken the exemption offered by the Standard in respect of confidentiality.
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