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REGISTERED NUMBER: 03194367 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

DAVID SILVER SPARES LIMITED

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| DAVID SILVER SPARES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTOR: | D Silver

| REGISTERED OFFICE: | Unit 14

| Masterlord Industrial Estate

| Station Road

| Leiston

| Suffolk

| IP16 4JD

| REGISTERED NUMBER: | 03194367 (England and Wales)

| ACCOUNTANTS: | Seago and Stopps

| Chartered Certified Accountants

| 61 Station Road

| Sudbury

| Suffolk

| CO10 2SP

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

BALANCE SHEET

31 JULY 2025

31.7.24 |  | 31.7.25 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

- |  |  | Intangible assets | 4 | 14,616 |  |

1,126,975 |  |  | Tangible assets | 5 | 1,095,829 |  |

1,126,975 |  | 1,110,445 |  |

| CURRENT ASSETS

789,073 |  |  | Stocks | 788,129 |  |

2,122,420 |  |  | Debtors | 6 | 1,823,994 |  |

1,109,682 |  |  | Investments | 7 | 1,156,314 |  |

2,664,037 |  |  | Cash at bank | 3,083,574 |  |

6,685,212 |  | 6,852,011 |  |

| CREDITORS

555,600 |  |  | Amounts falling due within one year | 8 | 750,057 |  |

6,129,612 |  |  | NET CURRENT ASSETS | 6,101,954 |  |

7,256,587 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 7,212,399 |  |

7,152 |  |  | PROVISIONS FOR LIABILITIES | 9,474 |  |

7,249,435 |  |  | NET ASSETS | 7,202,925 |  |

| CAPITAL AND RESERVES

1,000 |  |  | Called up share capital | 1,000 |  |

7,248,435 |  |  | Retained earnings | 7,201,925 |  |

7,249,435 |  |  | SHAREHOLDERS' FUNDS | 7,202,925 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

BALANCE SHEET - continued

31 JULY 2025

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 18 March 2026 and were signed by:

D Silver - Director

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| David Silver Spares Limited 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.

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 4% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Heritage assets

| Classic motorbikes have been recognised at purchase cost plus costs incurred to bring each asset to full working order. These assets are not re-valued or depreciated as the director believes that due to the number of motorbikes held, the market value is unlikely to be significantly different to the original cost.

| The motorbikes are displayed in a separate museum building for the benefit of the general public.

| It is the company's policy to maintain the motorbikes in full working order and any maintenance costs are charged to the profit and loss account when incurred.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase contracts.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 25 ) .

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| Additions | 16,240 |  |

| At 31 July 2025 | 16,240 |  |

| AMORTISATION

| Charge for year | 1,624 |  |

| At 31 July 2025 | 1,624 |  |

| NET BOOK VALUE

| At 31 July 2025 | 14,616 |  |

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Heritage |  | Plant and

| Totals |  | property |  | assets |  | machinery

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 1,961,891 |  | 1,034,085 |  | 596,495 |  | 249,145 |  |

| Additions | 20,007 |  | - |  | 1,350 |  | - |  |

| Disposals | (1,250 | ) | - |  | (1,250 | ) | - |  |

| At 31 July 2025 | 1,980,648 |  | 1,034,085 |  | 596,595 |  | 249,145 |  |

| DEPRECIATION

| At 1 August 2024 | 834,916 |  | 519,072 |  | - |  | 247,210 |  |

| Charge for year | 49,903 |  | 41,363 |  | - |  | 485 |  |

| At 31 July 2025 | 884,819 |  | 560,435 |  | - |  | 247,695 |  |

| NET BOOK VALUE

| At 31 July 2025 | 1,095,829 |  | 473,650 |  | 596,595 |  | 1,450 |  |

| At 31 July 2024 | 1,126,975 |  | 515,013 |  | 596,495 |  | 1,935 |  |

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer

| fittings |  | vehicles |  | equipment

£ | £ | £ |

| COST

| At 1 August 2024 | 34,390 |  | 12,400 |  | 35,376 |  |

| Additions | 1,265 |  | 16,100 |  | 1,292 |  |

| Disposals | - |  | - |  | - |  |

| At 31 July 2025 | 35,655 |  | 28,500 |  | 36,668 |  |

| DEPRECIATION

| At 1 August 2024 | 29,144 |  | 11,160 |  | 28,330 |  |

| Charge for year | 1,630 |  | 4,335 |  | 2,090 |  |

| At 31 July 2025 | 30,774 |  | 15,495 |  | 30,420 |  |

| NET BOOK VALUE

| At 31 July 2025 | 4,881 |  | 13,005 |  | 6,248 |  |

| At 31 July 2024 | 5,246 |  | 1,240 |  | 7,046 |  |

| During prior years, the company made a number of purchases of classic motorcycles, to be displayed in a museum constructed at the businesses premises.

| These motorcycles are considered to be of historical importance to the history of motorcycling over the last 50 years, and as such have been classified as Heritage Assets.

| Motorcycles acquired during the year have been acquired at their fair market value, and therefore, at the balance sheet date, their market value is not considered to be significantly different to the acquisition costs.

| At the year end the company held 186 motorcycles. The assets have been reviewed as at 31 July 2025 for any impairment or change in market value. It is the director's opinion that there has been no impairment and there has been no significant change in the market value.

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 1,203,552 |  | 1,559,731 |  |

| Amounts owed by group undertakings | 561,729 |  | 495,987 |  |

| Other debtors | 58,713 |  | 66,702 |  |

1,823,994 |  | 2,122,420 |  |

DAVID SILVER SPARES LIMITED (REGISTERED NUMBER: 03194367) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | CURRENT ASSET INVESTMENTS

| 31.7.25 |  | 31.7.24

£ | £ |

| Listed investments | 1,156,314 |  | 1,109,682 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade creditors | 636,188 |  | 514,481 |  |

| Taxation and social security | 88,884 |  | 13,767 |  |

| Other creditors | 24,985 |  | 27,352 |  |

750,057 |  | 555,600 |  |

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is D Silver, director, by virtue of the fact that he holds 98% of the issued share capital in the company's parent company, David Silver Holdings Limited.