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REGISTERED NUMBER: 00196070 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 28 February 2025 |

| for |

| Saxons (Photomarket & Hi-Fi) Limited |

| Saxons (Photomarket & Hi-Fi) Limited (Registered number: 00196070) |

Contents of the Financial Statements

for the year ended 28 February 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Saxons (Photomarket & Hi-Fi) Limited |

Company Information

for the year ended 28 February 2025

| DIRECTOR: | S Smith

| SECRETARY: | M Brown

| REGISTERED OFFICE: | 9 Acomb Court

| Grangetown

| Sunderland

| Tyne & Wear

| SR2 9SR

| REGISTERED NUMBER: | 00196070 (England and Wales)

| ACCOUNTANTS: | TTR Barnes Limited

| Chartered Accountants

| 3-5 Grange Terrace

| Stockton Road

| Sunderland

| Tyne & Wear

| SR2 7DG

| SOLICITORS: | McKenzie Bell

| The Galleries

| Washington

| Tyne and Wear

| NE38 7SD

| Saxons (Photomarket & Hi-Fi) Limited (Registered number: 00196070) |

Statement of Financial Position

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 151 |  | 226 |  |

Investment property | 5 | 125,000 |  | 125,000 |  |

125,151 |  | 125,226 |  |

CURRENT ASSETS

Debtors | 6 | 693 |  | 591 |  |

Cash at bank | 171 |  | 44 |  |

864 |  | 635 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,924 |  | 5,974 |  |

NET CURRENT LIABILITIES | (4,060 | ) | (5,339 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 121,091 |  | 119,887 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 11,902 |  | 11,902 |  |

Retained earnings - Non

distributable | 72,935 |  | 72,935 |  |

Retained earnings | 36,254 |  | 35,050 |  |

SHAREHOLDERS' FUNDS | 121,091 |  | 119,887 |  |

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 22 August 2025 and were signed by:

S Smith - Director

| Saxons (Photomarket & Hi-Fi) Limited (Registered number: 00196070) |

Notes to the Financial Statements

for the year ended 28 February 2025

1. | STATUTORY INFORMATION

| Saxons (Photomarket & Hi-Fi) 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 as modified by the revaluation of certain assets.

| The financial statements have been prepared on the going concern basis, which assumed that the company will continue in operational existence for the foreseeable future, which the director considers appropriate.

| Rent received

| Rent received represents the value of all rents receivable during the year, 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.

| Computer equipment | - | 33% on reducing balance

| Investment property

| Investment properties are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss. Deferred taxation is provided on any gains, at the rate expected to apply if the properties are sold.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Saxons (Photomarket & Hi-Fi) Limited (Registered number: 00196070) |

Notes to the Financial Statements - continued

for the year ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

| Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

| Preference shares

| Preference shares have been presented as an equity investment where there is no contractual obligation to repay the principal amount. Dividends paid on preference shares are only charged to the profit and loss account when they are paid, which is at the discretion of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 29 February 2024

| and 28 February 2025 | 645 |  |

| DEPRECIATION

| At 29 February 2024 | 419 |  |

| Charge for year | 75 |  |

| At 28 February 2025 | 494 |  |

| NET BOOK VALUE

| At 28 February 2025 | 151 |  |

| At 28 February 2024 | 226 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 29 February 2024

| and 28 February 2025 | 125,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 125,000 |  |

| At 28 February 2024 | 125,000 |  |

| Saxons (Photomarket & Hi-Fi) Limited (Registered number: 00196070) |

Notes to the Financial Statements - continued

for the year ended 28 February 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2003 | 86,002 |  |

| Valuation in 2009 | 88,200 |  |

| Valuation in 2012 | 15,000 |  |

| Valuation in 2014 | (25,000 | ) |

| Valuation in 2015 | (60,000 | ) |

| Valuation in 2024 | (50,000 | ) |

| Cost | 70,798 |  |

125,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 70,798 |  | 70,798 |  |

| investment property was valued on on an open market basis on 23 April 2024 by Lofthouse and Partners Limited .

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

2025 | 2024 |

£ | £ |

| Other debtors | 693 |  | 591 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 1,821 |  | - |  |

| Other creditors | 3,103 |  | 5,974 |  |

4,924 |  | 5,974 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,082 | Ordinary | £1 | 1,082 |  | 1,082 |  |

| 10,820 | Preference | £1 | 10,820 |  | 10,820 |  |

11,902 |  | 11,902 |  |