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FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

FOR

SILVERPATH ESTATES LTD

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Accountants' Report | 8 |

SILVERPATH ESTATES LTD

COMPANY INFORMATION

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

| DIRECTOR: | G Tesler

| SECRETARY: | J Tesler

| REGISTERED OFFICE: | 155a Clapton Common

| London

| E5 9AE

| REGISTERED NUMBER: | 04159294 (England and Wales)

| ACCOUNTANTS: | MGR Paris Limited

| Chartered Accountants

| 55 Loundoun Road

| St John's Wood

| London

| NW8 0DL

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

BALANCE SHEET

29 JUNE 2024

| 29.6.24 |  | 30.6.23

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 900,000 |  | 900,000 |  |

CURRENT ASSETS

Debtors | 5 | 366,686 |  | 110,256 |  |

Cash at bank | 3,577 |  | 14,144 |  |

370,263 |  | 124,400 |  |

CREDITORS

Amounts falling due within one year | 6 | (304,861 | ) | (306,507 | ) |

NET CURRENT ASSETS/(LIABILITIES) | 65,402 |  | (182,107 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 965,402 |  | 717,893 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (348,686 | ) | (110,256 | ) |

PROVISIONS FOR LIABILITIES | 9 | (102,225 | ) | (102,225 | ) |

NET ASSETS | 514,491 |  | 505,412 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1 |  | 1 |  |

Retained earnings | 11 | 514,490 |  | 505,411 |  |

SHAREHOLDERS' FUNDS | 514,491 |  | 505,412 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

BALANCE SHEET - continued

29 JUNE 2024

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:

G Tesler - Director

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

1. | STATUTORY INFORMATION

| Silverpath Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the total invoice value of rents received during the year.

| 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.

| Interest payable

| Interest payable is charged to the profit and loss account on an accruals basis.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL (2023 - NIL).

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2023

| and 29 June 2024 | 900,000 |  |

| NET BOOK VALUE

| At 29 June 2024 | 900,000 |  |

| At 30 June 2023 | 900,000 |  |

| Fair value at 29 June 2024 is represented by:

£ |

| Valuation in 2024 | 900,000 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 29.6.24 |  | 30.6.23

£ | £ |

| Other debtors | 366,686 |  | 110,256 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 29.6.24 |  | 30.6.23

£ | £ |

| Trade creditors | 1,680 |  | 1,680 |  |

| Taxation and social security | 3,987 |  | 3,589 |  |

| Other creditors | 299,194 |  | 301,238 |  |

304,861 |  | 306,507 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 29.6.24 |  | 30.6.23

£ | £ |

| Bank loans (see note 8) | 348,686 |  | 110,256 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 348,686 |  | 110,256 |  |

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

8. | LOANS

| An analysis of the maturity of loans is given below:

| 29.6.24 |  | 30.6.23

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 348,686 |  | 110,256 |  |

9. | PROVISIONS FOR LIABILITIES

| 29.6.24 |  | 30.6.23

£ | £ |

| Deferred tax | 102,225 |  | 102,225 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2023 | 102,225 |  |

| Balance at 29 June 2024 | 102,225 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 29.6.24 |  | 30.6.23

| value: | £ | £ |

| 1 | Ordinary Shares | 1 | 1 |  | 1 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2023 | 505,411 |  |

| Profit for the period | 9,079 |  |

| At 29 June 2024 | 514,490 |  |

SILVERPATH ESTATES LTD (REGISTERED NUMBER: 04159294)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 29 June 2024 and the year ended 30 June 2023:

| 29.6.24 |  | 30.6.23

£ | £ |

| G Tesler

| Balance outstanding at start of period | (114,685 | ) | (105,806 | ) |

| Amounts advanced | 5,724 |  | - |  |

| Amounts repaid | - |  | (8,879 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | (108,961 | ) | (114,685 | ) |

ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

SILVERPATH ESTATES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Silverpath Estates Ltd for the period ended 29 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Silverpath Estates Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Silverpath Estates Ltd and state those matters that we have agreed to state to the director of Silverpath Estates Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silverpath Estates Ltd and its director for our work or for this report.

It is your duty to ensure that Silverpath Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Silverpath Estates Ltd. You consider that Silverpath Estates Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Silverpath Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MGR Paris Limited

Chartered Accountants

55 Loundoun Road

St John's Wood

London

NW8 0DL

29 August 2025