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Registration number: 15289429 (England and Wales)

Silver Homes (Reigate) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Silver Homes (Reigate) Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 7

Silver Homes (Reigate) Limited

Company Information

Directors | R A Lazaro-Silver Y Varma P J Patel

Registered office | Rays House North Circular Road London NW10 7XP

Accountants | Telic Advisory Limited Chartered Certified Accountants5th Floor Congress House 14 Lyon Road Harrow HA1 2EN

Silver Homes (Reigate) Limited

(Registration number: 15289429)
Statement of Financial Position as at 30 November 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 1,024,452 | 2,437,526
Debtors | 5 | 19,188 | 4,299
Cash at bank and in hand |  | 1,388,979 | 141,784
|  | 2,432,619 | 2,583,609
Creditors: Amounts falling due within one year | 6 | (2,218,247) | (2,706,006)
Net assets/(liabilities) |  | 214,372 | (122,397)
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 214,172 | (122,597)
Shareholders' funds/(deficit) |  | 214,372 | (122,397)

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 12 August 2026 and signed on its behalf by:

......................................... Y Varma Director

Silver Homes (Reigate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales, registration number 15289429.

The address of its registered office is:
Rays House
North Circular Road
London
NW10 7XP

These financial statements were authorised for issue by the Board on 12 August 2026.

The presentation currency of the financial statements is GBP sterling (£).

2 | Accounting policies

Statement of compliance

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.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Silver Homes (Reigate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2 | Accounting policies (continued)

Taxation for the period 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 statement of financial position 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Silver Homes (Reigate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Silver Homes (Reigate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Stocks

| 2025 £ | 2024 £
Property development in progress | 1,024,452 | 2,437,526

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 8,400 | -
VAT | 10,788 | 4,299
| 19,188 | 4,299

Silver Homes (Reigate) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 2,121,501 | 2,431,414
Trade creditors |  | 6,151 | 157,443
Taxation and social security |  | 71,742 | -
Accruals and deferred income |  | 13,853 | 117,149
Other creditors |  | 5,000 | -
|  | 2,218,247 | 2,706,006

Loans and borrowings as at 30 November 2025 include secured loans on the land and buildings of £1,421,501 (2024: £1,731,414) bearing interest at a rate of 10% p.a. which are repayable on demand, and unsecured interest-free loans of £700,000 (2024: £700,000), which are also repayable on demand.

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 2,121,501 | 2,431,414