Silverfin false false 31/12/2025 01/01/2025 31/12/2025 Charles Edward Nicholson 31/03/1994 29 April 2026 The principal activity of the Company during the financial year was the development of building projects. 02909590 2025-12-31 02909590 bus:Director1 2025-12-31 02909590 2024-12-31 02909590 core:CurrentFinancialInstruments 2025-12-31 02909590 core:CurrentFinancialInstruments 2024-12-31 02909590 core:Non-currentFinancialInstruments 2025-12-31 02909590 core:Non-currentFinancialInstruments 2024-12-31 02909590 core:ShareCapital 2025-12-31 02909590 core:ShareCapital 2024-12-31 02909590 core:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 02909590 core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 02909590 core:RetainedEarningsAccumulatedLosses 2025-12-31 02909590 core:RetainedEarningsAccumulatedLosses 2024-12-31 02909590 core:PlantMachinery 2024-12-31 02909590 core:FurnitureFittings 2024-12-31 02909590 core:ComputerEquipment 2024-12-31 02909590 core:PlantMachinery 2025-12-31 02909590 core:FurnitureFittings 2025-12-31 02909590 core:ComputerEquipment 2025-12-31 02909590 2025-01-01 2025-12-31 02909590 bus:FilletedAccounts 2025-01-01 2025-12-31 02909590 bus:SmallEntities 2025-01-01 2025-12-31 02909590 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 02909590 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02909590 bus:Director1 2025-01-01 2025-12-31 02909590 2024-01-01 2024-12-31 02909590 core:Non-currentFinancialInstruments 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Company No: 02909590 (England and Wales)

# CHOLSO LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

CHOLSO LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025

Contents

CHOLSO LIMITED

## BALANCE SHEET

AS AT 31 DECEMBER 2025
CHOLSO LIMITED

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 2,453,382 |  | 1,974,024
|  | 2,453,382 |  | 1,974,024
Current assets |  |  |  |
Debtors | 5 | 0 |  | 24,059
Cash at bank and in hand |  | 1,448 |  | 40,629
|  | 1,448 |  | 64,688
Creditors: amounts falling due within one year | 6 | ( 253,455) |  | ( 81,008)
Net current liabilities |  | (252,007) |  | (16,320)
Total assets less current liabilities |  | 2,201,375 |  | 1,957,704
Creditors: amounts falling due after more than one year | 7 | ( 194,696) |  | ( 28,359)
Provision for liabilities |  | ( 187,480) |  | ( 187,480)
Net assets |  | 1,819,199 |  | 1,741,865
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 772,597 |  | 772,597
Profit and loss account |  | 1,046,502 |  | 969,168
Total shareholder's funds |  | 1,819,199 |  | 1,741,865

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cholso Limited (registered number: 02909590) were approved and authorised for issue by the Director on 29 April 2026. They were signed on its behalf by:

Charles Edward Nicholson Director |

CHOLSO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
CHOLSO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025

##### 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

Cholso Limited (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 Clifton House, Bunnian Place, Basingstoke, RG21 7JE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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 director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### 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.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 2,651 |  | 1,680 |  | 7,599 |  | 11,930
At 31 December 2025 | 2,651 |  | 1,680 |  | 7,599 |  | 11,930
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 2,651 |  | 1,680 |  | 7,599 |  | 11,930
At 31 December 2025 | 2,651 |  | 1,680 |  | 7,599 |  | 11,930
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 0 |  | 0 |  | 0 |  | 0
At 31 December 2024 | 0 |  | 0 |  | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 1,974,024
Additions | 479,358
As at 31 December 2025 | 2,453,382

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by director | 0 |  | 20,203
Prepayments | 0 |  | 3,856
| 0 |  | 24,059

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 98,484 |  | 41,256
Trade creditors | ( 8,834) |  | 0
Amounts owed to director | 46,939 |  | 0
Accruals | 1,585 |  | 1,585
Taxation and social security | 25,943 |  | 38,167
Other creditors | 89,338 |  | 0
| 253,455 |  | 81,008

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 194,696 |  | 28,359

The bank loans are secured over the investment property.