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REGISTERED NUMBER: 12988717 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 NOVEMBER 2024 |

| FOR |

| J. BURNAGE PROPERTIES LTD |

| J. BURNAGE PROPERTIES LTD (REGISTERED NUMBER: 12988717) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| J. BURNAGE PROPERTIES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2024

| DIRECTOR: | J M Burnage

| REGISTERED OFFICE: | 22 Tillingham Court Winters Way

| Waltham Abbey

| EN9 3HG

| REGISTERED NUMBER: | 12988717 (England and Wales)

| ACCOUNTANTS: | Xeinadin Swiss Cottage Limited

| Harben House

| Harben Parade

| Finchley Road

| LONDON

| NW3 6LH

| J. BURNAGE PROPERTIES LTD (REGISTERED NUMBER: 12988717) |

BALANCE SHEET

30 NOVEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 284 |  | 379 |  |

Investment property | 5 | 118,700 |  | 151,330 |  |

118,984 |  | 151,709 |  |

CURRENT ASSETS

Debtors | 6 | 9,414 |  | 613 |  |

Cash at bank | 67 |  | 676 |  |

9,481 |  | 1,289 |  |

CREDITORS

Amounts falling due within one year | 7 | 35,394 |  | 34,179 |  |

NET CURRENT LIABILITIES | (25,913 | ) | (32,890 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 93,071 |  | 118,819 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (60,000 | ) | (60,000 | ) |

PROVISIONS FOR LIABILITIES | (5,928 | ) | (10,723 | ) |

NET ASSETS | 27,143 |  | 48,096 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 27,043 |  | 47,996 |  |

27,143 |  | 48,096 |  |

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

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

| J. BURNAGE PROPERTIES LTD (REGISTERED NUMBER: 12988717) |

BALANCE SHEET - continued

30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2025 and were signed by:

J M Burnage - Director

| J. BURNAGE PROPERTIES LTD (REGISTERED NUMBER: 12988717) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1. | STATUTORY INFORMATION

| J. Burnage Properties Ltd 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.

| Turnover

| Turnover represents amounts receivable from operating leases on the company's investment property. Rents receivable are recognised on a straight line basis over the term of the lease.

| 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

| 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.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and investments in equity instruments.

| Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Basic financial liabilities including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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.

| J. BURNAGE PROPERTIES LTD (REGISTERED NUMBER: 12988717) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024

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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2023

| and 30 November 2024 | 674 |  |

| DEPRECIATION

| At 1 December 2023 | 295 |  |

| Charge for year | 95 |  |

| At 30 November 2024 | 390 |  |

| NET BOOK VALUE

| At 30 November 2024 | 284 |  |

| At 30 November 2023 | 379 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2023 | 151,330 |  |

| Revaluations | (32,630 | ) |

| At 30 November 2024 | 118,700 |  |

| NET BOOK VALUE

| At 30 November 2024 | 118,700 |  |

| At 30 November 2023 | 151,330 |  |

| Fair value at 30 November 2024 is represented by:

£ |

| Valuation in 2024 | (32,630 | ) |

| Valuation in 2023 | (8,670 | ) |

| Valuation in 2022 | 64,729 |  |

| Cost | 95,271 |  |

118,700 |  |

| J. BURNAGE PROPERTIES LTD (REGISTERED NUMBER: 12988717) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2024

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

2024 | 2023 |

£ | £ |

| Other debtors | 9,414 |  | 601 |  |

| Prepayments and accrued income | - |  | 12 |  |

9,414 |  | 613 |  |

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

2024 | 2023 |

£ | £ |

| Trade creditors | 1,800 |  | 900 |  |

| Tax | 2,028 |  | 258 |  |

| Directors' current accounts | 30,666 |  | 32,121 |  |

| Accrued expenses | 900 |  | 900 |  |

35,394 |  | 34,179 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans more 5 yrs non-inst | 60,000 |  | 60,000 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 60,000 |  | 60,000 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 60,000 |  | 60,000 |  |

| The bank loan is secured over the investment property held by the company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

J. BURNAGE PROPERTIES LTD

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 J. Burnage Properties Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet 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 director of J. Burnage Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. Burnage Properties Ltd and state those matters that we have agreed to state to the director of J. Burnage Properties Ltd 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 J. Burnage Properties Ltd and its director for our work or for this report.

It is your duty to ensure that J. Burnage Properties Ltd 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 J. Burnage Properties Ltd. You consider that J. Burnage Properties Ltd 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 J. Burnage Properties Ltd. 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.

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

17 September 2025