Company registration number 10653464 (England and Wales)
SILVER PAGODA REALTY GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SILVER PAGODA REALTY GROUP LTD
COMPANY INFORMATION
Directors
M Izadi
F Izadi
Company number
10653464
Registered office
Hexagon House
21-23 Gatley Road
Cheadle
Cheshire
SK8 1NZ
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
SILVER PAGODA REALTY GROUP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SILVER PAGODA REALTY GROUP LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
18,966
Investment properties
4
69,758,485
69,019,821
69,758,485
69,038,787
Current assets
Debtors falling due after more than one year
5
12,665
17,615
Debtors falling due within one year
5
2,622,561
2,302,271
Cash at bank and in hand
970,770
1,054,637
3,605,996
3,374,523
Creditors: amounts falling due within one year
6
(27,552,136)
(27,445,460)
Net current liabilities
(23,946,140)
(24,070,937)
Total assets less current liabilities
45,812,345
44,967,850
Creditors: amounts falling due after more than one year
7
(9,350,000)
(9,482,855)
Provisions for liabilities
(8,407,692)
(8,298,360)
Net assets
28,054,653
27,186,635
Capital and reserves
Called up share capital
8
100
100
Other reserves
25,003,002
24,455,502
Profit and loss reserves
3,051,551
2,731,033
Total equity
28,054,653
27,186,635
SILVER PAGODA REALTY GROUP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

The directors of the company have 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has 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 by the board of directors and authorised for issue on 16 January 2026 and are signed on its behalf by:
M Izadi
Director
Company Registration No. 10653464
SILVER PAGODA REALTY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Silver Pagoda Realty Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hexagon House, 21-23 Gatley Road, Cheadle, Cheshire, SK8 1NZ.

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis where specified in the accounting policies set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue arising from investment properties is accounted for on a straight line bases over the term of the lease.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

SILVER PAGODA REALTY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash, together with basic financial liabilities, including creditors, are initially recognised at transaction cost and not amortised as they are either receivable or payable within one year.

Debtors repayable after one year relate to a commercial loan provided at a market rate of interest. T his is recognised in full.

Creditors payable after one year constitutes a commercial business loan with a market rate of interest being applied. This is recognised in full.

1.7
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

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

2025
2024
Number
Number
Total
2
2
SILVER PAGODA REALTY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
54,096
Disposals
(54,096)
At 31 March 2025
-
0
Depreciation and impairment
At 1 April 2024
35,130
Revaluation
(35,130)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
18,966
4
Investment property
2025
£
Fair value
At 1 April 2024
69,019,821
Additions
8,664
Revaluations
730,000
At 31 March 2025
69,758,485

The valuations of investment properties were made on 31 March 20 2 5 by the directors, on an open market basis. No depreciation is provided in respect of these properties.

On an historical basis these would have been included at an original cost of £36,421,149 (202 4 - £36,385,064).

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
742,904
652,875
Other debtors
1,879,657
1,649,396
2,622,561
2,302,271
SILVER PAGODA REALTY GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Debtors
(Continued)
- 6 -
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
12,665
17,615
Total debtors
2,635,226
2,319,886
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
6,110
Trade creditors
113,823
131,653
Taxation and social security
161,126
289,821
Other creditors
27,277,187
27,017,876
27,552,136
27,445,460

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
9,350,000
9,482,855

The company has a 5 year revolving credit facility which is due for review on the 3 April 2027. Any borrowings under this facility are secured over the company's investment properties.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100

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