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REGISTERED NUMBER: 05452270 (England and Wales)

BYEWAY LIMITED

TRADING AS

SILVER DRAGON

Unaudited Financial Statements

FOR THE PERIOD

1 June 2024 to 30 September 2025

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Contents of the Financial Statements

FOR THE PERIOD 1 JUNE 2024 TO 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

BYEWAY LIMITED

TRADING AS SILVER DRAGON

Company Information

FOR THE PERIOD 1 JUNE 2024 TO 30 SEPTEMBER 2025

| DIRECTORS: | M W K Cheung

| M K Cheung

| SECRETARY: | M K Cheung

| REGISTERED OFFICE: | Elfed House

| Oak Tree Court,Mulberry Drive

| Cardiff Gate Business Park

| CARDIFF

| CF23 8RS

| REGISTERED NUMBER: | 05452270 (England and Wales)

| ACCOUNTANTS: | MHA (trading name of MHA Advisory Ltd)

| Elfed House

| Oak Tree Court

| Cardiff Gate Business Park

| CARDIFF

| County of Cardiff

| CF23 8RS

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Balance Sheet

30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 1,560 |  |

Tangible assets | 5 | - |  | 347 |  |

- |  | 1,907 |  |

CURRENT ASSETS

Stocks | - |  | 840 |  |

Debtors | 6 | 6,318 |  | 209 |  |

Cash at bank | 6,426 |  | 10,399 |  |

12,744 |  | 11,448 |  |

CREDITORS

Amounts falling due within one year | 7 | (9,669 | ) | (9,389 | ) |

NET CURRENT ASSETS | 3,075 |  | 2,059 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,075 |  | 3,966 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (3,073 | ) | (6,667 | ) |

PROVISIONS FOR LIABILITIES | - |  | (67 | ) |

NET ASSETS/(LIABILITIES) | 2 |  | (2,768 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | - |  | (2,770 | ) |

SHAREHOLDERS' FUNDS | 2 |  | (2,768 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Balance Sheet - continued

30 SEPTEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

M W K Cheung - Director

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Notes to the Financial Statements

FOR THE PERIOD 1 JUNE 2024 TO 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Byeway 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.

| The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

| The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

| There have been no material departures from Financial Reporting Standard 102 1A.

| Going Concern

| The company ceased trading on 30 September 2025. The assets and liabilities at the balance Sheet date have been reviewed in light of this and no further adjustments are considered necessary.

| Turnover

| Turnover represents shop takings received during the year.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

| Based on the performance of the company since acquisition, the directors consider that the useful economic life of goodwill is still valid.

| 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.

| Tangible fixed assets

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

| Fixtures and Fittings | - | 20% on reducing balance

| Stocks

| Stocks are estimated by the directors.

| Current tax

| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Notes to the Financial Statements - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 period 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.

| 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.

| Employee benefits

| When the employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| Non-derivative financial statements

| Basic financial instruments are recognised at amortised cost.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 June 2024

| and 30 September 2025 | 31,350 |  |

| AMORTISATION

| At 1 June 2024 | 29,790 |  |

| Amortisation for period | 1,560 |  |

| At 30 September 2025 | 31,350 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 31 May 2024 | 1,560 |  |

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Notes to the Financial Statements - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 SEPTEMBER 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| Fittings

£ |

| COST

| At 1 June 2024 | 3,813 |  |

| Disposals | (3,813 | ) |

| At 30 September 2025 | - |  |

| DEPRECIATION

| At 1 June 2024 | 3,466 |  |

| Charge for period | 88 |  |

| Eliminated on disposal | (3,554 | ) |

| At 30 September 2025 | - |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 31 May 2024 | 347 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | 6,318 |  | 209 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,000 |  | 4,000 |  |

| Taxation and social security | 2,970 |  | 1,021 |  |

| Other creditors | 2,699 |  | 4,368 |  |

9,669 |  | 9,389 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 3,073 |  | 6,667 |  |

BYEWAY LIMITED (REGISTERED NUMBER: 05452270)

TRADING AS SILVER DRAGON

Notes to the Financial Statements - continued

FOR THE PERIOD 1 JUNE 2024 TO 30 SEPTEMBER 2025

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 30 September 2025 and the year ended 31 May 2024:

2025 | 2024 |

£ | £ |

| M W K Cheung

| Balance outstanding at start of period | - |  | 6,693 |  |

| Amounts advanced | 6,318 |  | - |  |

| Amounts repaid | - |  | (6,693 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 6,318 |  | - |  |

| Interest is charged at a commercial rate on overdrawn balances in excess of £10,000. Overdrawn balances are repayable within nine months of the balance sheet date.