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REGISTERED NUMBER: 02051447 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 22 NOVEMBER 2024 |

| FOR |

| BRITANNIC PROPERTY DEVELOPMENTS LIMITED |

BRITANNIC PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02051447)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 NOVEMBER 2024

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

BRITANNIC PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 22 NOVEMBER 2024

| DIRECTORS: | Mr R G Sachdev

| Mrs P R Sachdev

| SECRETARY: | Mrs J Baskaran

| REGISTERED OFFICE: | Regent House

| Allum Gate

| Theobald Street, Elstree

| Borehamwood

| Hertfordshire

| WD6 4RS

| REGISTERED NUMBER: | 02051447 (England and Wales)

| ACCOUNTANTS: | STGCA LLP t/a Sterling

| Chartered Accountants

| 505 Pinner Road

| Harrow

| Middlesex

| HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

BRITANNIC PROPERTY DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Britannic Property Developments Limited for the year ended 22 November 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Britannic Property Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Britannic Property Developments Limited and state those matters that we have agreed to state to the Board of Directors of Britannic Property Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britannic Property Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Britannic Property Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Britannic Property Developments Limited. You consider that Britannic Property Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Britannic Property Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

4 September 2025

BRITANNIC PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02051447)

BALANCE SHEET

22 NOVEMBER 2024

22/11/24 | 22/11/23 |

| Notes | £ | £ | £

FIXED ASSETS

Investments | 4 | - |  | 1,000 |  |

Investment property | 5 | - |  | 66,734 |  |

- |  | 67,734 |  |

CURRENT ASSETS

Debtors | 6 | 2,118,945 |  | - |  |

Cash at bank | 526 |  | - |  |

2,119,471 |  | - |  |

CREDITORS

Amounts falling due within one year | 7 | 1,034,244 |  | 1,455,772 |  |

NET CURRENT ASSETS/(LIABILITIES) | 1,085,227 |  | (1,455,772 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,085,227 |  | (1,388,038 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 2,960,650 |  | - |  |

NET LIABILITIES | (1,875,423 | ) | (1,388,038 | ) |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | (1,975,423 | ) | (1,488,038 | ) |

SHAREHOLDERS' FUNDS | (1,875,423 | ) | (1,388,038 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 22 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 22 November 2024 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.

BRITANNIC PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02051447)

BALANCE SHEET - continued

22 NOVEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

Mr R G Sachdev - Director

BRITANNIC PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02051447)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 NOVEMBER 2024

1. | STATUTORY INFORMATION

| Britannic Property Developments 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 Britannic Property Developments 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Going concern

| The directors have prepared these accounts on a going concern basis and they have indicated their willingness to continue to support the company for the foreseeable future

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 23 November 2023 | 1,000 |  |

| Additions | (1,000 | ) |

| At 22 November 2024 | - |  |

| NET BOOK VALUE

| At 22 November 2024 | - |  |

| At 22 November 2023 | 1,000 |  |

BRITANNIC PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02051447)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 22 NOVEMBER 2024

5. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 23 November 2023 | 66,734 |  |

| Additions | 96 |  |

| Disposals | (66,830 | ) |

| At 22 November 2024 | - |  |

| NET BOOK VALUE

| At 22 November 2024 | - |  |

| At 22 November 2023 | 66,734 |  |

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

22/11/24 | 22/11/23 |

| £ | £

| Directors' current accounts | 2,102,548 |  | - |  |

| Prepayments and accrued income | 16,397 |  | - |  |

2,118,945 |  | - |  |

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

22/11/24 | 22/11/23 |

| £ | £

| Amounts owed to group undertakings | 1,032,335 |  | 1,445,444 |  |

| Accrued expenses | 1,909 |  | 10,328 |  |

1,034,244 |  | 1,455,772 |  |

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

22/11/24 | 22/11/23 |

| £ | £

| Bank loans - 1-2 years | 2,960,650 |  | - |  |

| The bank loan is secured by a legal charge over the assets owned by the directors family.

| The loan is repayable by December 2025.

9. | RELATED PARTY DISCLOSURES

| As at year ended 22 November 2024, the company owed £1,032,335 (2023: £1,445,444) to Britannic Trustees Limited, the ultimate parent company.The loan is interest free and repayable on demand.

BRITANNIC PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02051447)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 22 NOVEMBER 2024

10. | ULTIMATE CONTROLLER

| The directors are the ultimate controllers as they hold all the issued share capital of the ultimate parent company.