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REGISTERED NUMBER: 06888570 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

R.E.M. PROPERTY HOLDINGS LIMITED

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

R.E.M. PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | E L Maynard

| R C P Maynard

| REGISTERED OFFICE: | Railview Lofts

| 19c Commercial Road

| Eastbourne

| East Sussex

| BN21 3XE

| REGISTERED NUMBER: | 06888570 (England and Wales)

| ACCOUNTANTS: | LMDB Accountants

| Chartered Certified Accountants

| Railview Lofts

| 19c Commercial Road

| Eastbourne

| East Sussex

| BN21 3XE

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,469 |  | 7,293 |  |

Investments | 5 | 2 |  | 2 |  |

5,471 |  | 7,295 |  |

CURRENT ASSETS

Stocks | 2,484,577 |  | 3,061,327 |  |

Debtors | 6 | 1,383,539 |  | 1,513,390 |  |

Cash at bank | 623 |  | 48,055 |  |

3,868,739 |  | 4,622,772 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,900,568 |  | 2,045,939 |  |

NET CURRENT ASSETS | 1,968,171 |  | 2,576,833 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,973,642 |  | 2,584,128 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (3,334 | ) | (594,332 | ) |

PROVISIONS FOR LIABILITIES | (1,038 | ) | (1,823 | ) |

NET ASSETS | 1,969,270 |  | 1,987,973 |  |

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

BALANCE SHEET - continued

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 10 | 4 |  | 4 |  |

Retained earnings | 1,969,266 |  | 1,987,969 |  |

SHAREHOLDERS' FUNDS | 1,969,270 |  | 1,987,973 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

R C P Maynard - Director

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| R.E.M. Property Holdings 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.

| Preparation of consolidated financial statements

| The financial statements contain information about R.E.M. Property Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is recognised when the significant risks and rewards of ownership have been transferred to the purchaser. Turnover in respect of the sale of residential properties is recognised at the fair value of the consideration receivable (net of value added tax) on legal completion.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 are initially 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 at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

| Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

| Financial assets are de-recognised when:

| - the contractual rights to the cash flows from the financial asset expire or are settled; or

| - the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or

| - the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

| Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 31,950 |  |

| DEPRECIATION

| At 1 April 2024 | 24,657 |  |

| Charge for year | 1,824 |  |

| At 31 March 2025 | 26,481 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,469 |  |

| At 31 March 2024 | 7,293 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 2 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2 |  |

| At 31 March 2024 | 2 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 1,383,259 |  | 1,511,304 |  |

| Other debtors | 280 |  | 2,086 |  |

1,383,539 |  | 1,513,390 |  |

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 11,661 |  | 10,000 |  |

| Taxation and social security | 779 |  | 52,687 |  |

| Other creditors | 1,888,128 |  | 1,983,252 |  |

1,900,568 |  | 2,045,939 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 3,334 |  | 594,332 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 581,000 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 14,714 |  | 604,332 |  |

| The company has given a charge over its assets to Lloyds Bank plc as security for its bank borrowing.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | A Ordinary | £1 | 2 |  | 2 |  |

| 2 | B Ordinary | £1 | 2 |  | 2 |  |

4 |  | 4 |  |

R.E.M. PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 06888570)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| E L Maynard and R C P Maynard

| Balance outstanding at start of year | - |  | 60,140 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The above loans had no fixed repayment terms and are subject to interest.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. | ULTIMATE CONTROLLING PARTY

| The company was controlled by Mr and Mrs Maynard, who are the sole shareholders of the company.