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REGISTERED NUMBER: 14272362 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| CHERMILL LTD |

| CHERMILL LTD (REGISTERED NUMBER: 14272362) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 5

| CHERMILL LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | Mrs L C McGonagle

| REGISTERED OFFICE: | Unit 82a James Carter Road

| Mildenhall Industrial Estate

| Mildenhall

| Bury St Edmunds

| IP28 7DE

| REGISTERED NUMBER: | 14272362 (England and Wales)

| ACCOUNTANTS: | Allens Accountants Limited

| Chartered Accountants

| 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| CHERMILL LTD (REGISTERED NUMBER: 14272362) |

BALANCE SHEET

31 DECEMBER 2024

| 31/12/24 | 31/12/23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 586 |  | 689 |  |

Investments | 5 | 349,904 |  | 349,904 |  |

Investment property | 6 | 1,068,651 |  | 992,602 |  |

1,419,141 |  | 1,343,195 |  |

CURRENT ASSETS

Debtors | 7 | 13,332 |  | 12,493 |  |

Cash at bank | 64,743 |  | 195,777 |  |

78,075 |  | 208,270 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,467,614 |  | 1,550,830 |  |

NET CURRENT LIABILITIES | (1,389,539 | ) | (1,342,560 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 29,602 |  | 635 |  |

RESERVES

Retained earnings | 29,602 |  | 635 |  |

SHAREHOLDERS' FUNDS | 29,602 |  | 635 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

Mrs L C McGonagle - Director

| CHERMILL LTD (REGISTERED NUMBER: 14272362) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Chermill 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.

| Rents received and interest income

| Income is measured based on the fair value of the consideration received or receivable for the letting of properties and interest earned on loan note investments. Income is shown net of value-added tax, returns, rebates, and discounts. Income is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow to the entity.

| Rental from the letting of residential properties is recognised on a straight-line basis over the lease term. Rental income from operating leases is recognised on an accrual basis, as the rent becomes receivable under the terms of the lease.

| Interest income from loan notes is recognised on an an accruals basis, as the interest becomes receivable under the terms of the agreement.

| 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 | - | 15% 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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.

| CHERMILL LTD (REGISTERED NUMBER: 14272362) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 704 |  |

| DEPRECIATION

| At 1 January 2024 | 15 |  |

| Charge for year | 103 |  |

| At 31 December 2024 | 118 |  |

| NET BOOK VALUE

| At 31 December 2024 | 586 |  |

| At 31 December 2023 | 689 |  |

5. | FIXED ASSET INVESTMENTS

| Loan

| notes

£ |

| At 1 January 2024

| and 31 December 2024 | 349,904 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 992,602 |  |

| Additions | 76,049 |  |

| At 31 December 2024 | 1,068,651 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,068,651 |  |

| At 31 December 2023 | 992,602 |  |

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

| 31/12/24 |  | 31/12/23

£ | £ |

| Other debtors | 13,332 |  | 12,493 |  |

| CHERMILL LTD (REGISTERED NUMBER: 14272362) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

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

| 31/12/24 |  | 31/12/23

£ | £ |

| Taxation and social security | 6,802 |  | - |  |

| Other creditors | 1,460,812 |  | 1,550,830 |  |

1,467,614 |  | 1,550,830 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/12/24 |  | 31/12/23

| value: | £ | £ |

| 13 | Ordinary | 0.01 | - |  | - |  |