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REGISTERED NUMBER: 02400885 (England and Wales)

| SOCAL89 LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2024 |

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SOCAL89 LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2024

| DIRECTORS: | C Ramseyer

| Mrs L Ramseyer

| SECRETARY: | Mrs L Ramseyer

| REGISTERED OFFICE: | Third Avenue

| Millbrook

| Southampton

| Hampshire

| SO15 0JX

| REGISTERED NUMBER: | 02400885 (England and Wales)

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

BALANCE SHEET

30 APRIL 2024

2024 | 2023 |

| Notes | £ | £

FIXED ASSETS

Intangible assets | 4 | 36,809 |  | 49,341 |  |

Tangible assets | 5 | 1,002,020 |  | 844,438 |  |

Investment property | 6 | 565,000 |  | 600,000 |  |

1,603,829 |  | 1,493,779 |  |

CURRENT ASSETS

Stocks | 1,047,077 |  | 810,388 |  |

Debtors | 7 | 982,763 |  | 780,471 |  |

Cash at bank | 698,202 |  | 246,790 |  |

2,728,042 |  | 1,837,649 |  |

CREDITORS

Amounts falling due within one year | 8 | (1,654,846 | ) | (948,421 | ) |

NET CURRENT ASSETS | 1,073,196 |  | 889,228 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,677,025 |  | 2,383,007 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (274,587 | ) | (79,852 | ) |

PROVISIONS FOR LIABILITIES | (68,631 | ) | (99,749 | ) |

NET ASSETS | 2,333,807 |  | 2,203,406 |  |

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

BALANCE SHEET - continued

30 APRIL 2024

2024 | 2023 |

| Notes | £ | £

CAPITAL AND RESERVES

Called up share capital | 132 |  | 132 |  |

Share premium | 304,425 |  | 304,425 |  |

Revaluation reserve | 171,057 |  | 206,057 |  |

Retained earnings | 1,858,193 |  | 1,692,792 |  |

2,333,807 |  | 2,203,406 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 8 October 2025 and were signed on its behalf by:

C Ramseyer - Director

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

1. | STATUTORY INFORMATION

| Socal89 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

| The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

| The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| Turnover

| Turnover represents amounts receivable for good and services net of VAT and trade discounts. Revenue is recognised at the point of sale.

| Revenue from the sale of goods is recognised when the significant risk and reward of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to be the entity and the costs incurred or to be incurred in respect of the transactions can be measure reliably.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

| Goodwill being the amount paid in connection with the acquisition of business in 2022 is being amortised evenly over it's estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% Straight line and Straight line over 5 years

| Plant and machinery | - | Straight line over 5 years

| Motor vehicles | - | Straight line over 5 years and Straight line over 4 years

| Computer equipment | - | Straight line over 5 years

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Financial assets

| The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

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

| Financial liabilities

| Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024

2. | ACCOUNTING POLICIES - continued

| Equity instruments

| Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2023 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

Website |

Goodwill | development | Totals |

| £ | £ | £

| COST

| At 1 May 2023

| and 30 April 2024 | 59,950 |  | 53,464 |  | 113,414 |  |

| AMORTISATION

| At 1 May 2023 | 21,737 |  | 42,336 |  | 64,073 |  |

| Amortisation for year | 10,190 |  | 2,342 |  | 12,532 |  |

| At 30 April 2024 | 31,927 |  | 44,678 |  | 76,605 |  |

| NET BOOK VALUE

| At 30 April 2024 | 28,023 |  | 8,786 |  | 36,809 |  |

| At 30 April 2023 | 38,213 |  | 11,128 |  | 49,341 |  |

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024

5. | TANGIBLE FIXED ASSETS

Freehold | Asset under | Plant and |

property | construction | machinery |

| £ | £ | £

| COST

| At 1 May 2023 | 1,048,789 |  | - |  | 102,862 |  |

| Additions | 13,919 |  | 81,533 |  | 2,309 |  |

| Disposals | - |  | - |  | - |  |

| At 30 April 2024 | 1,062,708 |  | 81,533 |  | 105,171 |  |

| DEPRECIATION

| At 1 May 2023 | 369,355 |  | - |  | 52,509 |  |

| Charge for year | 29,696 |  | - |  | 15,473 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 30 April 2024 | 399,051 |  | - |  | 67,982 |  |

| NET BOOK VALUE

| At 30 April 2024 | 663,657 |  | 81,533 |  | 37,189 |  |

| At 30 April 2023 | 679,434 |  | - |  | 50,353 |  |

Motor | Computer |

vehicles | equipment | Totals |

| £ | £ | £

| COST

| At 1 May 2023 | 358,536 |  | 20,385 |  | 1,530,572 |  |

| Additions | 181,073 |  | - |  | 278,834 |  |

| Disposals | (5,875 | ) | - |  | (5,875 | ) |

| At 30 April 2024 | 533,734 |  | 20,385 |  | 1,803,531 |  |

| DEPRECIATION

| At 1 May 2023 | 245,576 |  | 18,694 |  | 686,134 |  |

| Charge for year | 73,530 |  | 597 |  | 119,296 |  |

| Eliminated on disposal | (3,919 | ) | - |  | (3,919 | ) |

| At 30 April 2024 | 315,187 |  | 19,291 |  | 801,511 |  |

| NET BOOK VALUE

| At 30 April 2024 | 218,547 |  | 1,094 |  | 1,002,020 |  |

| At 30 April 2023 | 112,960 |  | 1,691 |  | 844,438 |  |

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024

6. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 May 2023 | 600,000 |  |

| Revaluations | (35,000 | ) |

| At 30 April 2024 | 565,000 |  |

| NET BOOK VALUE

| At 30 April 2024 | 565,000 |  |

| At 30 April 2023 | 600,000 |  |

| Fair value at 30 April 2024 is represented by:

| £

| Valuation in 2004 | 56,057 |  |

| Valuation in 2021 | 150,000 |  |

| Valuation in 2024 | (35,000 | ) |

| Cost | 393,943 |  |

565,000 |  |

| The fair value of the investment property has been arrived at on the basis of a valuation carried out in the year ended 30 April 2024 by an independent third party. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

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

2024 | 2023 |

| £ | £

| Trade debtors | 213,990 |  | 322,981 |  |

| Other debtors | 768,773 |  | 457,490 |  |

982,763 |  | 780,471 |  |

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

2024 | 2023 |

| £ | £

| Hire purchase contracts (see note 10) | 53,868 |  | 30,729 |  |

| Trade creditors | 1,420,824 |  | 732,816 |  |

| Taxation and social security | 99,791 |  | 86,204 |  |

| Other creditors | 80,363 |  | 98,672 |  |

1,654,846 |  | 948,421 |  |

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024

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

2024 | 2023 |

| £ | £

| Hire purchase contracts (see note 10) | 129,587 |  | 79,852 |  |

| Other creditors | 145,000 |  | - |  |

274,587 |  | 79,852 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

| £ | £

| Gross obligations repayable:

| Within one year | 60,297 |  | 35,582 |  |

| Between one and five years | 152,161 |  | 91,145 |  |

212,458 |  | 126,727 |  |

| Finance charges repayable:

| Within one year | 6,429 |  | 4,853 |  |

| Between one and five years | 22,574 |  | 11,293 |  |

29,003 |  | 16,146 |  |

| Net obligations repayable:

| Within one year | 53,868 |  | 30,729 |  |

| Between one and five years | 129,587 |  | 79,852 |  |

183,455 |  | 110,581 |  |

Non-cancellable |

operating leases |

2024 | 2023 |

| £ | £

| Within one year | 27,793 |  | 54,183 |  |

| Between one and five years | 7,416 |  | 36,224 |  |

35,209 |  | 90,407 |  |

| Included within the above leases is costs for a lease which had become onerous at the previous year end. The company will continue to pay the lease costs in line with the agreement included above, however a provision has been included to recognise the entire remaining costs of the lease within the previous year.

SOCAL89 LIMITED (REGISTERED NUMBER: 02400885)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

| £ | £

| Hire purchase contracts | 183,455 |  | 110,581 |  |

| Hire purchase agreements are secured against the assets to which they relate.

| Bank loan is secured by way of a fixed charge over the assets of the company.

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year, advances totalling £14,776 (2023: £46,965) were made to the directors. During the year £Nil (2023: £Nil) was repaid to the company by the directors. The balance owed from the directors at the year-end was £204,621 (2023: £189,844).

| No interest is payable on the balance which is repayable on demand.