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REGISTERED NUMBER: 09697408 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 July 2024

for

NATION GROUP LIMITED

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Contents of the Financial Statements

for the year ended 30 July 2024

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| NATION GROUP LIMITED |

Company Information

for the year ended 30 July 2024

| DIRECTOR: | T H Peck

| SECRETARY: | T H Peck

| REGISTERED OFFICE: | 71-75 Shelton Street

| Covent Garden

| London

| WC2H 9JQ

| REGISTERED NUMBER: | 09697408 (England and Wales)

| ACCOUNTANTS: | Richardson Swift

| Chartered Accountants

| 11 Laura Place

| Bath

| BA2 4BL

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Nation Group Limited

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 Nation Group Limited for the year ended 30 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Nation Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nation Group Limited and state those matters that we have agreed to state to the director of Nation Group Limited 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 Nation Group Limited and its director for our work or for this report.

It is your duty to ensure that Nation Group Limited 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 Nation Group Limited. You consider that Nation Group Limited 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 Nation Group Limited. 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

10 October 2025

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Balance Sheet

30 July 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,392 |  | 10,574 |  |

CURRENT ASSETS

Stocks | - |  | 17,139 |  |

Debtors | 5 | 24,553 |  | 37,776 |  |

Cash at bank | 3,015 |  | 2,299 |  |

27,568 |  | 57,214 |  |

CREDITORS

Amounts falling due within one year | 6 | 155,166 |  | 83,794 |  |

NET CURRENT LIABILITIES | (127,598 | ) | (26,580 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (124,206 | ) | (16,006 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | (43,140 | ) | (47,892 | ) |

PROVISIONS FOR LIABILITIES | 8 | (644 | ) | (1,823 | ) |

NET LIABILITIES | (167,990 | ) | (65,721 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | (167,991 | ) | (65,722 | ) |

SHAREHOLDERS' FUNDS | (167,990 | ) | (65,721 | ) |

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

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

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Balance Sheet - continued

30 July 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 10 October 2025 and were signed by:

T H Peck - Director

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Notes to the Financial Statements

for the year ended 30 July 2024

1. | STATUTORY INFORMATION

| Nation Group 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 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.

| The financial statements are prepared on a going concern basis despite the deficit on the balance sheet and the excess of current liabilities over current assets in the belief that, with the support of the Director, the company is in a position to continue trading.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Critical accounting judgements and key sources of estimation uncertainty

| No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

| Turnover

| Turnover represents net invoices sales of goods, excluding value added tax, recognised when goods have been dispatched.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 33% on reducing balance

| Stocks

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

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

| 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 the profit or loss.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

| 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.

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Notes to the Financial Statements - continued

for the year ended 30 July 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing agreements

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

| 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.

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

| the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Notes to the Financial Statements - continued

for the year ended 30 July 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 31 July 2023

| and 30 July 2024 | 7,866 |  | 21,125 |  | 28,991 |  |

| DEPRECIATION

| At 31 July 2023 | 4,993 |  | 13,424 |  | 18,417 |  |

| Charge for year | 2,185 |  | 4,997 |  | 7,182 |  |

| At 30 July 2024 | 7,178 |  | 18,421 |  | 25,599 |  |

| NET BOOK VALUE

| At 30 July 2024 | 688 |  | 2,704 |  | 3,392 |  |

| At 30 July 2023 | 2,873 |  | 7,701 |  | 10,574 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 1,506 |  | - |  |

| Other debtors | 23,047 |  | 37,776 |  |

24,553 |  | 37,776 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 5,538 |  | 5,695 |  |

| Trade creditors | 2,727 |  | 3,850 |  |

| Taxation and social security | 994 |  | - |  |

| Other creditors | 145,907 |  | 74,249 |  |

155,166 |  | 83,794 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans | 43,140 |  | 47,892 |  |

| The bank loan is guaranteed by the UK Government under the Coronavirus Bounce Back Loan Scheme.

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 644 |  | 1,823 |  |

| NATION GROUP LIMITED (REGISTERED NUMBER: 09697408) |

Notes to the Financial Statements - continued

for the year ended 30 July 2024

8. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 31 July 2023 | 1,823 |  |

| Accelerated capital allowances | (1,179 | ) |

| Balance at 30 July 2024 | 644 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary Share | £1 | 1 |  | 1 |  |