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Registered number: 11590677
Silvergate Residential Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Just Dan Accounting Limited t/a JDA
Silvergate Residential Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Silvergate Residential Ltd
Balance Sheet
As At 28 February 2026
Balance Sheet
Registered number: 11590677

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 408 |  | 176
|  |  | 408 |  | 176
CURRENT ASSETS
Stocks | 5 | 4,473,880 |  | 2,766,689 |
Debtors | 6 | 1,978,810 |  | 708,714 |
Cash at bank and in hand |  | 8,122 |  | 53,169 |
|  | 6,460,812 |  | 3,528,572 |
Creditors: Amounts Falling Due Within One Year | 7 | (449,113 ) |  | (908,460 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 6,011,699 |  | 2,620,112
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,012,107 |  | 2,620,288
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (5,906,142 ) |  | (2,639,200 )
NET ASSETS/(LIABILITIES) |  |  | 105,965 |  | (18,912 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1 |  | 1
Profit and Loss Account |  |  | 105,964 |  | (18,913 )
SHAREHOLDERS' FUNDS |  |  | 105,965 |  | (18,912)

Page 1
Page 2
Silvergate Residential Ltd
Balance Sheet (continued)
As At 28 February 2026
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

C A Tordoff Director | J P Holmes Director
31/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Silvergate Residential Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2026
Notes to the Financial Statements
1. General Information
Silvergate Residential Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11590677 . The registered office is 118 Northfield Road, Sheffield, South Yorkshire, S10 1QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue represents the proceeds from the sale of residential properties, net of value added tax and any discounts allowed.
Residential property sales
Revenue from the sale of residential properties is recognised on legal completion when control of the property has passed to the purchaser, the significant risks and rewards of ownership have transferred and the Company becomes entitled to consideration.
Amounts received in advance of legal completion, including reservation fees and customer deposits, are recognised as contract liabilities within creditors until the conditions for revenue recognition have been satisfied.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 20% Straight line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Silvergate Residential Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: )
5 -
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 March 2025 | 441
Additions | 391
As at 28 February 2026 | 832
Depreciation
As at 1 March 2025 | 265
Provided during the period | 159
As at 28 February 2026 | 424
Net Book Value
As at 28 February 2026 | 408
As at 1 March 2025 | 176

5. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Work in progress | 4,473,880 |  | 2,766,689

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,044 |  | -
Prepayments and accrued income | 1,300,000 |  | -
Other debtors | 73,039 |  | 94,354
VAT | - |  | 12,684
Directors' loan accounts | 333,835 |  | 362,863
Amounts owed by group undertakings | 270,892 |  | 238,813
| 1,978,810 |  | 708,714

Page 4
Page 5
Silvergate Residential Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 239,497 |  | 132,534
Bank loans and overdrafts | 5,872 |  | 5,872
Other loans | - |  | 617,480
Amounts owed to participating interests | 28,673 |  | 14,683
Other creditors | 148,684 |  | 51,917
Taxation and social security | 26,387 |  | 85,974
| 449,113 |  | 908,460

8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 20,044 |  | 26,663
Other loans | 5,886,098 |  | 2,612,537
| 5,906,142 |  | 2,639,200

9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 March 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 28 February 2026
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr John Holmes | 278,528 | 204,490 | 149,183 | - | 333,835

The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
At the balance sheet date, the company was due £270,892 (2025: £238,813) from a parent undertaking.
At the balance sheet date, amounts totalling £58,724 (2025: £17,804) were due to entities under common control.
At the balance sheet date, amounts totalling £30,051 (2025: £3,121) were due from entities under common control.
The balances are unsecured, interest free and repayable on demand.
Page 5