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REGISTERED NUMBER: 05337407 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Thorpe Grange Investments (Norwich)

Limited

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Thorpe Grange Investments (Norwich)

Limited

Company Information

for the Year Ended 30 September 2024

| DIRECTOR: | Mr M Georgiou

| REGISTERED OFFICE: | 33 Moorhurst Avenue

| Goffs Oak

| Waltham Cross

| Hertfordshire

| EN7 5LD

| REGISTERED NUMBER: | 05337407 (England and Wales)

| ACCOUNTANTS: | M Georghiades & Associates

| Chartered Certified Accountants

| 130A Darkes Lane

| Potters Bar

| Hertfordshire

| EN6 1AF

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Balance Sheet

30 September 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 537,143 |  | 537,143 |  |

CURRENT ASSETS

Debtors | 5 | 147,368 |  | 107,068 |  |

CREDITORS

Amounts falling due within one year | 6 | 309,951 |  | 246,002 |  |

NET CURRENT LIABILITIES | (162,583 | ) | (138,934 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 374,560 |  | 398,209 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (246,561 | ) | (245,718 | ) |

PROVISIONS FOR LIABILITIES | 9 | (69,557 | ) | (69,557 | ) |

NET ASSETS | 58,442 |  | 82,934 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 11 | 58,342 |  | 82,834 |  |

SHAREHOLDERS' FUNDS | 58,442 |  | 82,934 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Balance Sheet - continued

30 September 2024

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 11 August 2025 and were signed by:

Mr M Georgiou - Director

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| Thorpe Grange Investments (Norwich) Limited 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.

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover includes revenue earned from the rental of residential property. Turnover is recognised in the period the rent is falling due.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Investment Properties

| In accordance with the new requirements of the Financial Reporting Standards (FRS102), Investment property is carried at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

| The effect of depreciation and amortisation on value is already reflected annually in the valuation of property, and the amount attributed to this factor by the valuers cannot reasonably be separately identified or quantified. FRS102 requires valuation at fair value, unless fair value cannot be obtained without undue cost or effort, gains to be recognised in profit and loss and deferred tax to be provided for.Under FRS102, the valuation would be under the fair value provisions of Companies Act 2006 (CA 2006), and is not a departure. In the balance sheet that gains should be included in a fair value reserves rather than the revaluation reserve.

| Investment property comprises of freehold building. This comprise mainly of rental unit, and is measured initially at cost, including related transaction costs. This is held as an investment to earn rental income and for capital appreciation and is stated at fair value at the Balance Sheet date.

| After initial recognition investment property is carried at fair value, based on amount paid, it is then determined annually by independent external valuers or held at Director's fair valuation if appropriate. The surplus or deficit arising from these valuations are transferred to or from fair value reserve. When an existing investment property is redeveloped or continue use as an investment property, it remains an investment property whilst in development.

| The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market conditions.

| Subsequent expenditure is added to the asset's carrying amount only when it is probable that future economic benefits associated with the item will flow to the company and the costs of the item can be measured reliably. All other repairs and maintenance costs are charged to the Profit and Loss Account during the financial period in which they are incurred.

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| 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.

| Creditors

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Debtors

| Short term debtors are measured at a transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised costs determined using the effective interest method, less any impairments losses for bad and doubtful debts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 833,235 |  |

| DEPRECIATION

| At 1 October 2023

| and 30 September 2024 | 296,092 |  |

| NET BOOK VALUE

| At 30 September 2024 | 537,143 |  |

| At 30 September 2023 | 537,143 |  |

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

4. | TANGIBLE FIXED ASSETS - continued

| The directors of the company have reasonable grounds to believe that the value of the properties held as an investment in the financial statements it's correct. These investment properties havebeen correctly valued and stated at their fair current market valuation. The directors believe that by their opinion the current market value of these properties are approximately the same.This is a fair and appropriate valuation to their opinion which it was based on the valuation of similar properties in the area of which the properties are situated and located.

| A fixed and floating charge is currently outstanding and held by, Skipton Building Society, over all properties or undertaking the of the company.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Other debtors | 105,158 |  | 105,158 |  |

| Sundry Debtors | 40,300 |  | - |  |

| Prepayments and accrued income | 1,910 |  | 1,910 |  |

147,368 |  | 107,068 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Other creditors | 238,848 |  | 238,848 |  |

| Intercompany account with TGI | 61,597 |  | - |  |

| Directors' current accounts | 4,398 |  | 2,046 |  |

| Accrued expenses | 5,108 |  | 5,108 |  |

309,951 |  | 246,002 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Other loans (see note 8) | 246,561 |  | 245,718 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

| 30.9.24 |  | 30.9.23

£ | £ |

| Amounts falling due between two and five years:

| Other loans - 2-5 years | 246,561 |  | 245,718 |  |

9. | PROVISIONS FOR LIABILITIES

| 30.9.24 |  | 30.9.23

£ | £ |

| Deferred tax

| Accelerated capital allowances | 69,557 |  | 69,557 |  |

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

9. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 October 2023 | 69,557 |  |

| Balance at 30 September 2024 | 69,557 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.24 |  | 30.9.23

| value: | £ | £ |

| 100 | Ordinary | £1.00 | 100 |  | 100 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2023 | 82,834 |  |

| Deficit for the year | (24,492 | ) |

| At 30 September 2024 | 58,342 |  |

12. | RELATED PARTY DISCLOSURES

| Mr Michael Georgiou

| The above is a related party by virtue of being a directors and shareholder of the company. During the year the related party drew monies from the company and introduced funds in to the company as well. At the balance sheet date the related party was owed from the company the total amount of £4,398 (2023: £2,046). This amount was lent to the company interest free and without any other repayment terms attached to it during the period or the period there after.

| Thorpe Grange Investments Limited

| The above is a related party by virtue of being the parent undertaking. During the year income and expenditure were received and paid out on behalf of the company by the related party.As at the balance sheet date the company owed the related party the total amount of £61,597 (2023: £13,771).

| This amount was lent to the company interest free and without any other repayment terms attached to it.during the period or the period there after.

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

13. | POST BALANCE SHEET EVENTS

| There have not been any significant events since the balance sheet date.

| There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

| The ongoing Russia - Ukraine conflict - This ongoing conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Thorpe Grange Investments (Norwich) Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

| The ongoing Israel - Gaza and Middle East conflict

| The ongoing Israel - Gaza conflict has resulted in no major impact to cause significant operational risks and that the company continues to assess the nature and extent of any risks and uncertainties arising from these events.

14. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

| The ultimate controlling party is Mr M Georgiou.

| The company's immediate and ultimate parent undertaking is Thorpe Grange Investments Limited. The ultimate controlling party is Mr Michael Georgiou who controls 100% of the shares of CMG Investments Limited.

15. | GOING CONCERN CONSIDERATION

| The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:

| - Breach of trade contracts

| - Revenue

| - Cost of sales

| - Inventories fair value measurements

| - Debt repayment

16. | GENERAL INFORMATION

| Thorpe Grange Investments (Norwich) Limited is a private limited company limited by shares. The company it is incorporated in England and Wales with registration number 05337407.

| The company's registered office it is situated at 33 Moorhurst Avenue, Goffs Oak, Waltham Cross, Hertfordshire, EN7 5LD, United Kingdom.

17. | CHARGES

| A fixed and floating charge is currently outstanding and held by, Skipton Building Society, over all property or undertaking of the company.

Thorpe Grange Investments (Norwich)

Limited (Registered number: 05337407)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

18. | ENVIRONMENTAL RISKS AND CLIMATE CHANGES RESPONSIBILITIES

| Environmental Risks

| Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

| Climate changes and environmental responsibility

| Despite the fact that our organisation offering rental and property management and letting services of our own real estate, we are always consider the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities and managing changes in customer preferences.

| This include management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.

| We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.