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REGISTERED NUMBER: 09043067 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

SBSL DEVELOPMENTS LIMITED

SBSL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09043067) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SBSL DEVELOPMENTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | S J Bygrave

| S R Lancaster

| REGISTERED OFFICE: | Room 73 Wrest House

| Wrest Park

| Silsoe

| Bedfordshire

| MK45 4HR

| REGISTERED NUMBER: | 09043067 (England and Wales)

| ACCOUNTANTS: | MDG Business Associates Limited

| Room 73

| Wrest House

| Wrest Park

| Silsoe

| Bedfordshire

| MK45 4HR

SBSL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09043067) |

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,059 |  | - |  |

Investment property | 5 | 462,306 |  | 462,306 |  |

463,365 |  | 462,306 |  |

CURRENT ASSETS

Debtors | 6 | 795 |  | 791 |  |

Cash at bank | 5,002 |  | 3,157 |  |

5,797 |  | 3,948 |  |

CREDITORS

Amounts falling due within one year | 7 | 407,568 |  | 409,499 |  |

NET CURRENT LIABILITIES | (401,771 | ) | (405,551 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 61,594 |  | 56,755 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | 61,494 |  | 56,655 |  |

SHAREHOLDERS' FUNDS | 61,594 |  | 56,755 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 7 October 2025 and were signed on its behalf by:

S R Lancaster - Director

SBSL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09043067) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| SBSL 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.

| 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.

| Turnover

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

| 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 cost

| Investment property

| The freehold properties are stated at an open market value in the opinion of the directors. As such, no depreciation has been charged in respect of this class of asset in the year and no deferred tax has been provided on any future sale as the base cost of the properties remain consistent with the current open market value. 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| Cost

| Additions | 1,230 |  |

| At 31 May 2025 | 1,230 |  |

| Depreciation

| Charge for year | 171 |  |

| At 31 May 2025 | 171 |  |

| Net book value

| At 31 May 2025 | 1,059 |  |

SBSL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09043067) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 June 2024

| and 31 May 2025 | 462,306 |  |

| Net book value

| At 31 May 2025 | 462,306 |  |

| At 31 May 2024 | 462,306 |  |

| The directors consider the valuation of the investment properties owned by the company at the Balance Sheet date to be the current market value of the property and as such, no depreciation has been charged in respect of this asset class. Any aggregate surplus or deficit arising from changes in fair value is to be recognised in profit or loss.

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

2025 | 2024 |

£ | £ |

| Prepayments and accrued income | 795 |  | 791 |  |

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

2025 | 2024 |

£ | £ |

| Tax | 1,085 |  | 2,369 |  |

| Directors' loan accounts | 405,235 |  | 405,930 |  |

| Accruals and deferred income | 1,248 |  | 1,200 |  |

407,568 |  | 409,499 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 50 | Ordinary A | £1 | 50 |  | 50 |  |

| 50 | Ordinary B | £1 | 50 |  | 50 |  |

100 |  | 100 |  |

| Both share classes rank pari-passu in all respects.

9. | RELATED PARTY DISCLOSURES

| Included within creditors is an amount of £200,234 (2024: £198,770) due to S J Bygrave, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

| Included within creditors is an amount of £205,001 (2024: £207,160) due to S R Lancaster, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.