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Company No: 11468487 (England and Wales)

SILOS HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

SILOS HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

SILOS HOLDINGS LTD

BALANCE SHEET

As at 31 October 2024
SILOS HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,105,710 2,105,710
2,105,710 2,105,710
Current assets
Cash at bank and in hand 3,122 7,390
3,122 7,390
Creditors: amounts falling due within one year 4 ( 2,285,113) ( 1,563,409)
Net current liabilities (2,281,991) (1,556,019)
Total assets less current liabilities (176,281) 549,691
Creditors: amounts falling due after more than one year 5 ( 1,565,833) ( 2,055,833)
Accruals and deferred income ( 1,920) ( 1,812)
Net liabilities ( 1,744,034) ( 1,507,954)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 1,744,134 ) ( 1,508,054 )
Total shareholder's deficit ( 1,744,034) ( 1,507,954)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of SILOS HOLDINGS LTD (registered number: 11468487) were approved and authorised for issue by the Director on 13 March 2025. They were signed on its behalf by:

S Goodwin
Director
SILOS HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
SILOS HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SILOS HOLDINGS LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Barton Fabrications Ltd Harbour Road Trading Estate, Portishead, Bristol, BS20 7BL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. The ongoing support of the one subsidiary is expected and the overall group position is solvent. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 November 2023 2,105,710
At 31 October 2024 2,105,710
Carrying value at 31 October 2024 2,105,710
Carrying value at 31 October 2023 2,105,710

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 245,000 0
Amounts owed to Group undertakings 2,038,256 1,561,552
Other creditors 1,857 1,857
2,285,113 1,563,409

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 1,565,833 2,055,833