Company registration number 12527234 (England and Wales)
SILCO HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
SILCO HOMES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SILCO HOMES LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
36,519
64,617
Investments
4
621,096
1,140,433
Cash at bank and in hand
373,990
1,340
1,031,605
1,206,390
Creditors: amounts falling due within one year
5
(1,029,697)
(1,206,378)
Net current assets
1,908
12
Capital and reserves
Called up share capital
12
12
Profit and loss reserves
1,896
-
0
Total equity
1,908
12

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 17 June 2025
Afsar Uddin
Director
Company Registration No. 12527234
SILCO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Silco Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Soho House, 362 - 364 Soho Road, Birmingham, UK, B21 9QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Investment properties

Investment property, which is property held for resale or pending sale with a maturity date of less than one year, held for short-term investment purposes, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SILCO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
36,519
64,617
4
Current asset investments
2025
2024
£
£
Investment properties
621,096
1,140,433
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
14,114
Corporation tax
445
-
0
Other creditors
1,029,252
1,192,264
1,029,697
1,206,378
SILCO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
6
Related Party Disclosures

As at 31 March 2025 the following balances, included in other creditors due within one year, were amounts due to related companies:

 

Bengal Spice Trading Ltd

2025: £36,500

2024: £36,500

 

Saffron (Cannington) Ltd

2025: £45,000

2024: £28,000

 

Watchet Spice Ltd

2025: £140,999

2024: £146,999

 

The Mariner Guest House Ltd

2025: £86,275

2024: £94,620

 

Zaman & Zaman Ltd

2025: £23,000

2024: £75,189

 

Cannington Spice Ltd

2025: £23,000

2024: £23,000

 

 

The above balances are repayable on demand.

7
Ultimate Controlling Party

The ultimate controlling party is Afsar Uddin.

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