Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Dr Anthony Greer 30/04/2019 20 June 2025 The principal activity of the Company continued to be that of providing contract services relating to offsite manufactured homes for the UK housing market. 11970780 2024-12-31 11970780 bus:Director1 2024-12-31 11970780 core:CurrentFinancialInstruments 2024-12-31 11970780 core:CurrentFinancialInstruments 2023-12-31 11970780 2023-12-31 11970780 core:ShareCapital 2024-12-31 11970780 core:ShareCapital 2023-12-31 11970780 core:RetainedEarningsAccumulatedLosses 2024-12-31 11970780 core:RetainedEarningsAccumulatedLosses 2023-12-31 11970780 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-12-31 11970780 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-12-31 11970780 bus:OrdinaryShareClass1 2024-12-31 11970780 2024-01-01 2024-12-31 11970780 bus:FilletedAccounts 2024-01-01 2024-12-31 11970780 bus:SmallEntities 2024-01-01 2024-12-31 11970780 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11970780 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11970780 bus:Director1 2024-01-01 2024-12-31 11970780 2023-01-01 2023-12-31 11970780 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 11970780 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11970780 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11970780 (England and Wales)

TALO BUILD LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

TALO BUILD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

TALO BUILD LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024
TALO BUILD LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Current assets
Debtors 3 20,689 6
Cash at bank and in hand 366 422
21,055 428
Creditors: amounts falling due within one year 4 ( 276,935) ( 255,441)
Net current liabilities (255,880) (255,013)
Total assets less current liabilities (255,880) (255,013)
Net liabilities ( 255,880) ( 255,013)
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 255,882 ) ( 255,015 )
Total shareholder's deficit ( 255,880) ( 255,013)

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

Director's responsibilities:

The financial statements of Talo Build Ltd (registered number: 11970780) were approved and authorised for issue by the Director on 20 June 2025. They were signed on its behalf by:

Dr Anthony Greer
Director
TALO BUILD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
TALO BUILD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

Talo Build 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 Room 1072, Building A8, Cody Technology Park, Ively Road, Farnborough, GU14 0LX, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, 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 Balance Sheet is showing net liabilities of £255,880 however, £256,451 of this balance is a loan due to a fellow subsidiary who will continue to support the Company to ensure it can meet liabilities as they fall due. The parent Company will also extend financial support to ensure all liabilities are met as they fall due.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from the supply of contract services relating to offsite manufactured homes represents the value of services provided under the contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, 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, excluding the director 0 0

3. Debtors

2024 2023
£ £
Trade debtors 2,900 0
Other debtors 17,789 6
20,689 6

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,183 0
Amounts owed to fellow subsidiaries 256,451 252,041
Other creditors 15,301 3,400
276,935 255,441

Amounts owed to fellow subsidiaries are repayable on demand and do not bear interest.

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2