Silversprings Limited,Ltd - AccountsLtd - Accounts

Silversprings Limited,Ltd - AccountsLtd - Accounts

FLOWERCARD INTERNATIONAL LIMITED - Company Information

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2019-04-01 SC561710 2020-03-31 SC561710 2019-04-01 2020-03-31 SC561710 2019-03-31 SC561710 2018-04-01 2019-03-31 SC561710 uk-core:WithinOneYear 2019-03-31 SC561710 uk-core:WithinOneYear 2020-03-31 SC561710 uk-core:AfterOneYear 2019-03-31 SC561710 uk-core:AfterOneYear 2020-03-31 SC561710 uk-core:ShareCapital 2020-03-31 SC561710 uk-core:ShareCapital 2019-03-31 SC561710 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 SC561710 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 SC561710 uk-bus:Director1 2019-04-01 2020-03-31 SC561710 uk-core:AdditionsToInvestments 2020-03-31 SC561710 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2020-03-31 SC561710 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2020-03-31 SC561710 uk-core:CostValuation 2020-03-31 SC561710 uk-core:Non-currentFinancialInstruments 2020-03-31 SC561710 uk-core:AfterOneYear 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure SC561710 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 SC561710 uk-bus:FRS102 2019-04-01 2020-03-31 SC561710 uk-bus:FullAccounts 2019-04-01 2020-03-31 SC561710 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Silversprings Limited
Registered Number:SC561710
For the year ended 31 March 2020
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2020
Silversprings Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC561710
As at 31 March 2020
Silversprings Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Financial assets
-
1,211,585
2
1,211,585
-
Current assets
Trade and other receivables
1,878
54,000
3
33
Cash and cash equivalents
19
54,019
1,911
Trade and other payables: amounts falling due within one
year
(1,901)
(22,466)
4
10
31,553
Net current assets
Total assets less current liabilities
1,243,138
10
Trade and other payables: amounts falling due after more
than one year
-
(1,273,081)
5
(29,943)
Net assets/liabilities
10
Capital and reserves
Called up share capital
2
2
Retained earnings
(29,945)
8
(29,943)
10
Shareholders' funds
For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Stephen Gorman Director
These financial statements were approved and authorised for issue by the Board on 11 February 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2020
Silversprings Limited
Notes to the Financial Statements
Statutory Information
Silversprings Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC561710.
Registered address:
1st Floor
40 Charlotte Square
Edinburgh
EH2 4HQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Investments held as fixed assets
Other investments
Total
Cost
£
£
1,211,585
1,211,585
Additions
At 31 March 2020
1,211,585
1,211,585
At 31 March 2020
Net book value
1,211,585
1,211,585
The Fixed Asset Investment made during the year relates to a puchase of shares in Flowercard, a company based in
Guernsey, where Mr S Gorman is also a Director.
3. Trade and other receivables
2019
2020
£
£
Amounts owed by group undertakings and participating interests
54,000
-
Other debtors
-
1,878
1,878
54,000
Included within Amounts owed by participating interests is an amount of £54,000 which was loaned to ATS Marketing Ltd, whereby Mr S Gorman and Mrs C Gorman are both Directors and Shareholders.
2 of 3
5
For the year ended 31 March 2020
Silversprings Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
-
1,301
Other creditors
22,466
600
22,466
1,901
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft (secured)
710,585
-
Other creditors
562,496
-
1,273,081
-
The bank loan is secured and has a floating charge over all property and / or undertaking of the company.
6. Average number of persons employed
During the year the average number of employees was 0
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