REGISTERED NUMBER:
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 December 2019 |
|
for |
|
Silver Ice Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 December 2019 |
|
for |
|
Silver Ice Limited |
Silver Ice Limited (Registered number: 04342432) |
|
|
|
|
|
|
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 |
|
Silver Ice Limited |
|
Company Information |
for the Year Ended 31 December 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
Military House |
24 Castle Street |
Chester |
Cheshire |
CH1 2DS |
|
|
|
BANKERS: |
|
355 Woodchurch Road |
Prenton |
Wirral |
CH42 8PE |
Silver Ice Limited (Registered number: 04342432) |
|
Balance Sheet |
31 December 2019 |
|
31.12.19 | 31.12.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS | 11 |
|
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
|
Silver Ice Limited (Registered number: 04342432) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
|
1. | STATUTORY INFORMATION |
|
Silver Ice Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1. |
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
|
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2019 |
and 31 December 2019 |
|
NET BOOK VALUE |
At 31 December 2019 |
|
At 31 December 2018 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Amounts owed by participating interests | 378,039 | 298,739 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Bank loans and overdrafts |
|
|
Amounts owed to participating interests | 338,209 | 315,964 |
Other creditors |
|
|
Directors' current accounts | 193 | 5,193 |
Accruals and deferred income |
|
|
|
|
Silver Ice Limited (Registered number: 04342432) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Bank loans - 1-2 years |
|
|
Bank loans - 2-5 years |
|
|
Bank loans more 5 yr by instal |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 556,012 | 423,221 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.12.19 | 31.12.18 |
£ | £ |
Bank loans |
|
|
|
The bank loans and mortgage are secured by a fixed charge over the freehold property. |
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
value: | £ | £ |
|
Ordinary | £1.00 | 8 | 8 |
|
10. | RELATED PARTY DISCLOSURES |
|
Mr D F Bowden, a director of the company, is also a director and shareholder in Warren Developments (Wirral) Limited and Bowdens Property Investments Limited. Mr Bowden is also a director of Pipeplane Limited. |
|
Mr Bowden is also the proprietor of a business Treadsafe. |
|
The company has made / (received) loans to / (from) these entities, all of which are interest free and repayable on demand. |
|
At the balance sheet date, the following balances were due from / (to) the following related parties:- |
|
Warren Developments (Wirral) Limited 2019: £86,000 (2018: £86,000) |
|
Bowdens Property Investments Limited 2019: £(320,583) (2018: £(298,338) ) |
|
Pipeplane Limited 2019: £(17,626) (2018: £(17,626) ) |
|
Treadsafe 2019: £292,039 (2018: £212,739) |
Silver Ice Limited (Registered number: 04342432) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
|
11. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
31.12.19 | 31.12.18 |
£ | £ |
Loss for the financial year | ( |
) | ( |
) |
Net reduction of shareholders' funds | (4,908 | ) | (26,644 | ) |
Opening shareholders' funds | 77,006 | 103,650 |
Closing shareholders' funds | 72,098 | 77,006 |