REGISTERED NUMBER: 04159435 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SILVERPATH LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Grunhut

REGISTERED OFFICE:

20 Jessam Avenue

London

E5 9DU

REGISTERED NUMBER:

04159435 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

145

171

Investment property

5

539,000

539,000

539,145

539,171

CURRENT ASSETS

Debtors

6

510,495

508,845

Cash at bank

5,288

2,785

515,783

511,630

CREDITORS

Amounts falling due within one year

7

(165,994

)

(172,075

)

NET CURRENT ASSETS

349,789

339,555

TOTAL ASSETS LESS CURRENT LIABILITIES

888,934

878,726

CREDITORS

Amounts falling due after more than one year

8

(518,326

)

(518,326

)

NET ASSETS

370,608

360,400

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

375,198

375,198

Retained earnings

11

(4,690

)

(14,898

)

SHAREHOLDERS' FUNDS

370,608

360,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2025 and were signed by:

M Grunhut - Director

1.	STATUTORY INFORMATION

Silverpath Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

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

-

15% on reducing balance

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or amortisation is provided in respect of freehold investment properties nor on leasehold investment properties having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy results in the financial statements giving true and fair view.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

3,070

DEPRECIATION

At 1 March 2024

2,899

Charge for year

26

At 28 February 2025

2,925

NET BOOK VALUE

At 28 February 2025

145

At 29 February 2024

171

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

539,000

NET BOOK VALUE

At 28 February 2025

539,000

At 29 February 2024

539,000

The directors have confirmed that there is no significant increase or decrease in the property market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

510,495

508,845

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other creditors

165,094

171,235

Accrued expenses

900

840

165,994

172,075

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans more 5 yrs non-inst

518,326

518,326

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

518,326

518,326

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

518,326

518,326

1. The bank loan is secured by a first charge over the company's investment properties and bear interest at variable rates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 March 2024

(14,898

)

375,198

360,300

Profit for the year

10,208

10,208

At 28 February 2025

(4,690

)

375,198

370,508

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M Grunhut.