Silverfin false false 31/12/2025 01/01/2025 31/12/2025 G B N Cardozo MBE 11/03/2022 P S Dunn 16/03/2026 11/03/2022 A E Head 11/03/2022 S A Hill 16/03/2026 11/03/2022 05 June 2026 The principle activity of the Company during the financial year was that of a management company. 13969974 2025-12-31 13969974 bus:Director1 2025-12-31 13969974 bus:Director2 2025-12-31 13969974 bus:Director3 2025-12-31 13969974 bus:Director4 2025-12-31 13969974 2024-12-31 13969974 core:CurrentFinancialInstruments 2025-12-31 13969974 core:CurrentFinancialInstruments 2024-12-31 13969974 core:ShareCapital 2025-12-31 13969974 core:ShareCapital 2024-12-31 13969974 core:RetainedEarningsAccumulatedLosses 2025-12-31 13969974 core:RetainedEarningsAccumulatedLosses 2024-12-31 13969974 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 13969974 core:PatentsTrademarksLicencesConcessionsSimilar 2025-12-31 13969974 core:Vehicles 2024-12-31 13969974 core:OfficeEquipment 2024-12-31 13969974 core:Vehicles 2025-12-31 13969974 core:OfficeEquipment 2025-12-31 13969974 core:CostValuation 2024-12-31 13969974 core:CostValuation 2025-12-31 13969974 2025-01-01 2025-12-31 13969974 bus:FilletedAccounts 2025-01-01 2025-12-31 13969974 bus:SmallEntities 2025-01-01 2025-12-31 13969974 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13969974 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13969974 bus:Director1 2025-01-01 2025-12-31 13969974 bus:Director2 2025-01-01 2025-12-31 13969974 bus:Director3 2025-01-01 2025-12-31 13969974 bus:Director4 2025-01-01 2025-12-31 13969974 core:PatentsTrademarksLicencesConcessionsSimilar core:BottomRangeValue 2025-01-01 2025-12-31 13969974 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2025-01-01 2025-12-31 13969974 core:Vehicles core:TopRangeValue 2025-01-01 2025-12-31 13969974 core:OfficeEquipment core:TopRangeValue 2025-01-01 2025-12-31 13969974 2024-01-01 2024-12-31 13969974 core:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 13969974 core:Vehicles 2025-01-01 2025-12-31 13969974 core:OfficeEquipment 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Company No: 13969974 (England and Wales)

# GILO HOLDINGS LTD

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

GILO HOLDINGS LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

GILO HOLDINGS LTD

## COMPANY INFORMATION

For the financial year ended 31 December 2025
GILO HOLDINGS LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | G B N Cardozo MBE
| P S Dunn (Resigned 16 March 2026)
| A E Head
| S A Hill (Resigned 16 March 2026)

REGISTERED OFFICE | 22 Chancery Lane
| London
| WC2A 1LS
| United Kingdom

COMPANY NUMBER | 13969974 (England and Wales)

GILO HOLDINGS LTD

## BALANCE SHEET

As at 31 December 2025
GILO HOLDINGS LTD

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 14,003 |  | 14,947
Tangible assets | 4 | 5,202 |  | 3,929
Investments | 5 | 503 |  | 503
|  | 19,708 |  | 19,379
Current assets |  |  |  |
Debtors | 6 | 1,104,152 |  | 891,754
Cash at bank and in hand |  | 5,905 |  | 6,146
|  | 1,110,057 |  | 897,900
Creditors: amounts falling due within one year | 7 | ( 895,806) |  | ( 684,387)
Net current assets |  | 214,251 |  | 213,513
Total assets less current liabilities |  | 233,959 |  | 232,892
Net assets |  | 233,959 |  | 232,892
Capital and reserves |  |  |  |
Called-up share capital |  | 467 |  | 467
Profit and loss account |  | 233,492 |  | 232,425
Total shareholders' funds |  | 233,959 |  | 232,892

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; 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 Gilo Holdings Ltd (registered number: 13969974) were approved and authorised for issue by the Board of Directors on 05 June 2026. They were signed on its behalf by:

A E Head Director |

GILO HOLDINGS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
GILO HOLDINGS LTD

## 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

Gilo Holdings Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13969974). The registered office address is 22 Chancery Lane, London, WC2A 1LS.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

##### Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

##### Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.
Turnover from contracts to provide management services to group companies is recognised in the period in which the services are provided.

##### Interest income

Interest income is recognised in profit or loss using the effective interest method.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

##### Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
·The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax Liabilities or other future taxable profits; and
·Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and Laws that have been enacted or substantively enacted by the balance sheet date.

##### Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost Less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 20 years.
Amortisation is provided on the following basis:

Trademarks, patents and licences | 10 - 20 years straight line

##### Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:

Vehicles | 4 years straight line
Office equipment | 4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

##### Fixed asset investments

Investments in subsidiaries and associated undertakings are recognised at their initial cost less any impairment losses.

##### Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company's cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 3 |  | 4

#### 3. Intangible assets

| Trademarks, patents and licences |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 17,585 |  | 17,585
At 31 December 2025 | 17,585 |  | 17,585
Accumulated amortisation |  |  |
At 01 January 2025 | 2,638 |  | 2,638
Charge for the financial year | 944 |  | 944
At 31 December 2025 | 3,582 |  | 3,582
Net book value |  |  |
At 31 December 2025 | 14,003 |  | 14,003
At 31 December 2024 | 14,947 |  | 14,947

#### 4. Tangible assets

| Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 990 |  | 10,085 |  | 11,075
Additions | 0 |  | 4,459 |  | 4,459
At 31 December 2025 | 990 |  | 14,544 |  | 15,534
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 743 |  | 6,403 |  | 7,146
Charge for the financial year | 247 |  | 2,939 |  | 3,186
At 31 December 2025 | 990 |  | 9,342 |  | 10,332
Net book value |  |  |  |  |
At 31 December 2025 | 0 |  | 5,202 |  | 5,202
At 31 December 2024 | 247 |  | 3,682 |  | 3,929

#### 5. Fixed asset investments

| 2025 |  | 2024
| £ |  | £
Subsidiary undertakings | 501 |  | 501
Participating interests | 2 |  | 2
| 503 |  | 503

Investments in subsidiaries

| 2025
| £
Cost |
At 01 January 2025 | 501
At 31 December 2025 | 501
Carrying value at 31 December 2025 | 501
Carrying value at 31 December 2024 | 501

| Investments in associates |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2025 | 2 |  | 2
At 31 December 2025 | 2 |  | 2
Carrying value at 31 December 2025 | 2 |  | 2
Carrying value at 31 December 2024 | 2 |  | 2

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by group undertakings (note 8) | 1,096,298 |  | 878,047
Prepayments | 3,330 |  | 10,221
VAT recoverable | 4,524 |  | 2,363
Corporation tax | 0 |  | 1,123
| 1,104,152 |  | 891,754

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 20,689 |  | 22,040
Amounts owed to group undertakings (note 8) | 825,405 |  | 467,937
Amounts owed to directors (note 8) | 4,217 |  | 4,217
Accruals | 36,872 |  | 178,949
Other taxation and social security | 7,837 |  | 10,476
Other creditors | 786 |  | 768
| 895,806 |  | 684,387

#### 8. Related party transactions

The Company has taken advantage of the exemption to not disclose transactions with wholly owned group entities.
There were no transactions with directors outside of salaries and pension contributions paid in the year and at the year end the amount owed to the director was £4,217 (2024: £4,217).