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REGISTERED NUMBER: 09483951 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Neswick Properties Limited |

Neswick Properties Limited (Registered number: 09483951)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Neswick Properties Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | P D Wrangham

| REGISTERED OFFICE: | C/o Alpha Housing Services Ltd

| 1st Floor 1 Chartfield House

| Castle Street

| Taunton

| Somerset

| TA1 4AS

| REGISTERED NUMBER: | 09483951 (England and Wales)

| ACCOUNTANTS: | A C Mole LLP

| Stafford House

| Blackbrook Park Avenue

| Taunton

| Somerset

| TA1 2PX

Neswick Properties Limited (Registered number: 09483951)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 92,813 |  | 72,234 |  |

Investments | 5 | 70,350 |  | - |  |

Investment property | 6 | 3,935,000 |  | 2,644,134 |  |

4,098,163 |  | 2,716,368 |  |

CURRENT ASSETS

Debtors | 7 | 5,304 |  | 2,325 |  |

Cash at bank | 104,592 |  | 9,309 |  |

109,896 |  | 11,634 |  |

CREDITORS

Amounts falling due within one year | 8 | 55,559 |  | 78,945 |  |

NET CURRENT ASSETS/(LIABILITIES) | 54,337 |  | (67,311 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,152,500 |  | 2,649,057 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (2,843,901 | ) | (2,578,440 | ) |

PROVISIONS FOR LIABILITIES | (297,146 | ) | - |  |

NET ASSETS | 1,011,453 |  | 70,617 |  |

CAPITAL AND RESERVES

Called up share capital | 10 |  | 10 |  |

Undistributable reserve | 10 | 906,181 |  | - |  |

Retained earnings | 105,262 |  | 70,607 |  |

1,011,453 |  | 70,617 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Neswick Properties Limited (Registered number: 09483951)

Balance Sheet - continued

31 March 2025

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 1 October 2025 and were signed by:

P D Wrangham - Director

Neswick Properties Limited (Registered number: 09483951)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Neswick Properties 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Turnover represents rents receivable, 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.

| 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.

| 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.

| 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.

Neswick Properties Limited (Registered number: 09483951)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. Having given due consideration to the estimates and assumptions that form part of the carrying amount of assets and liabilities within the financial statements, the directors are of the opinion that the only material judgements or estimates relate to the annual depreciation charge and deferred taxation.

| (i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimates useful economic lives and residual values of the assets. The useful economic lives and residual values are reviewed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

| (ii) Deferred Taxation

| Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

| (iii) Fair value of investment properties

| Management estimation is required to determine the fair value of the investment properties within the business. The fair value is based on market data for similar properties in the area and bank valuations when remortgages took place.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 75,981 |  |

| Additions | 25,661 |  |

| At 31 March 2025 | 101,642 |  |

| DEPRECIATION

| At 1 April 2024 | 3,747 |  |

| Charge for year | 5,082 |  |

| At 31 March 2025 | 8,829 |  |

| NET BOOK VALUE

| At 31 March 2025 | 92,813 |  |

| At 31 March 2024 | 72,234 |  |

Neswick Properties Limited (Registered number: 09483951)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 70,350 |  |

| At 31 March 2025 | 70,350 |  |

| NET BOOK VALUE

| At 31 March 2025 | 70,350 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 2,644,134 |  |

| Additions | 87,539 |  |

| Revaluations | 1,203,327 |  |

| At 31 March 2025 | 3,935,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,935,000 |  |

| At 31 March 2024 | 2,644,134 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 1,203,327 |  |

| Cost | 2,731,673 |  |

3,935,000 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Trade debtors | 4,859 |  | 1,382 |  |

| Other debtors | 445 |  | 943 |  |

5,304 |  | 2,325 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Bank loans and overdrafts | 38,901 |  | 44,253 |  |

| Trade creditors | 8,891 |  | 12,352 |  |

| Other creditors | 7,767 |  | 22,340 |  |

55,559 |  | 78,945 |  |

Neswick Properties Limited (Registered number: 09483951)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

| as restated |

£ | £ |

| Bank loans | 2,233,550 |  | 1,995,575 |  |

| Other creditors | 610,351 |  | 582,865 |  |

2,843,901 |  | 2,578,440 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due in more than 5

| years | 2,077,945 |  | 1,818,562 |  |

2,077,945 |  | 1,818,562 |  |

10. | RESERVES

| Undistributable

| reserve

£ |

| Surplus on investment property revaluation | 1,203,327 |  |

| Transfer between reserves | (297,146 | ) |

| At 31 March 2025 | 906,181 |  |