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REGISTERED NUMBER: 10843512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

BLETCHLEY DEVELOPMENTS LIMITED

BLETCHLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10843512)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

BLETCHLEY DEVELOPMENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | Mr K W Teo

| Mr J C T Eu

| Mr Y W D Goh

| REGISTERED OFFICE: | S2 Mill House Centre

| 108 Commercial Road

| Totton

| Southampton

| Hampshire

| SO40 3AE

| REGISTERED NUMBER: | 10843512 (England and Wales)

| ACCOUNTANTS: | TBW Accountancy Limited

| S2 Mill House Centre

| 108 Commercial Road

| Totton

| Southampton

| Hampshire

| SO40 3AE

BLETCHLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10843512)

BALANCE SHEET

30 JUNE 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 4 | 6,362,394 |  | 6,339,777 |  |

Debtors | 5 | 54,748 |  | 50,918 |  |

Cash at bank | 6,081 |  | 7,391 |  |

6,423,223 |  | 6,398,086 |  |

CREDITORS

Amounts falling due within one year | 6 | 7,589,401 |  | 7,554,387 |  |

NET CURRENT LIABILITIES | (1,166,178 | ) | (1,156,301 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,166,178 | ) | (1,156,301 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (1,166,179 | ) | (1,156,302 | ) |

SHAREHOLDERS' FUNDS | (1,166,178 | ) | (1,156,301 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 10 September 2025 and were signed on its behalf by:

Mr K W Teo - Director

BLETCHLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10843512)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Bletchley 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.

| Turnover

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

| Stocks

| Stock of properties are stated at lower of cost and net realisable value. Overheads are charged to the profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

| When properties are sold, the carrying amount of these properties is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stock to net realisable value are recognised as an expense in the period in which the write-down occurs. The amount of any reversal of any write-down of stock is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

| Taxation

| Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

| Deferred tax

| Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised based on tax laws and rates that have been enacted or substantively enacted at the balance sheet date.

| The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

| Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.

| Current and deferred tax are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity respectively.

BLETCHLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10843512)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 6,362,394 |  | 6,339,777 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by associates | 50,000 |  | 50,000 |  |

| VAT | 3,998 |  | 168 |  |

| Prepayments | 750 |  | 750 |  |

54,748 |  | 50,918 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 2,646,765 |  | 2,640,731 |  |

| Amounts owed to associates | 4,933,137 |  | 4,906,137 |  |

| Accrued expenses | 9,499 |  | 7,519 |  |

7,589,401 |  | 7,554,387 |  |

7. | RELATED PARTY DISCLOSURES

| The Company has related party loans from Cockpit International PTE Limited of £4,640,000 (2024 - £4,640,000), Favour Well Limited of £147,137 (2024 - £136,137), Kozan Investmets Limited of £70,000 (2024 - £70,000), Lillie Investments Limited of £60,000 (2024 - £60,000), MMM Lettings Limited of £22,000 (2024 - nil) and from Phix Residential Limited of £2,646,765 (2024 - £2,640,731) all loans are unsecured and due within 12 months.

| The Company had related party loans to Strandline Investments of £50,000 (2024 - £50,000), this loan is interest free and repayable on demand.

8. | CONTROLLING PARTIES

| The directors regard Phix (Mercury House) Limited, as the immediate parent company, and Phix Residential Limited, as the ultimate parent company, both are companies incorporated in England and Wales.

| The ultimate controlling party is Mr K W Teo.