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REGISTERED NUMBER: 14031488 (England and Wales)

NDWO Limited

Unaudited Financial Statements for the Year Ended 30 April 2025

NDWO Limited (Registered number: 14031488)

Contents of the Financial Statements

for the year ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

NDWO Limited

Company Information

for the year ended 30 April 2025

| DIRECTORS: | N McKechnie

| Mrs D McKechnie

| REGISTERED OFFICE: | 82 Beverley Road

| South Cave

| Brough

| HU15 2BB

| REGISTERED NUMBER: | 14031488 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

NDWO Limited (Registered number: 14031488)

Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 4,784,493 |  | 4,734,602 |  |

CURRENT ASSETS

Cash at bank | 79,763 |  | 158,417 |  |

CREDITORS

Amounts falling due within one year | 5 | 2,434,744 |  | 4,413,456 |  |

NET CURRENT LIABILITIES | (2,354,981 | ) | (4,255,039 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,429,512 |  | 479,563 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 2,000,042 |  | 42 |  |

Retained earnings | 429,470 |  | 479,521 |  |

SHAREHOLDERS' FUNDS | 2,429,512 |  | 479,563 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 October 2025 and were signed on its behalf by:

N McKechnie - Director

NDWO Limited (Registered number: 14031488)

Notes to the Financial Statements

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| NDWO 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 as modified by the revaluation of certain assets.

| 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.

| Listed investments

| Listed investments are included in the accounts at market value. The variations between the valuation of investments at the balance sheet date and their purchase price if acquired during the year and the market value at the previous balance sheet date for investments held throughout the year are shown as unrealised gains or losses in the statement of financial activities.

3. | EMPLOYEES AND DIRECTORS

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

NDWO Limited (Registered number: 14031488)

Notes to the Financial Statements - continued

for the year ended 30 April 2025

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 May 2024 | 4,734,602 |  |

| Additions | 927,074 |  |

| Disposals | (729,819 | ) |

| Revaluations | (147,364 | ) |

| At 30 April 2025 | 4,784,493 |  |

| NET BOOK VALUE

| At 30 April 2025 | 4,784,493 |  |

| At 30 April 2024 | 4,734,602 |  |

| Cost or valuation at 30 April 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2023 | 30,663 |  |

| Valuation in 2024 | 320,630 |  |

| Valuation in 2025 | (147,364 | ) |

| Cost | 4,580,564 |  |

4,784,493 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 22,508 |  | 1,327 |  |

| Other creditors | 2,412,236 |  | 4,412,129 |  |

2,434,744 |  | 4,413,456 |  |

NDWO Limited (Registered number: 14031488)

Notes to the Financial Statements - continued

for the year ended 30 April 2025

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

|  | Value |  | £ |  | £ |  |

| 11 |  | A Ordinary |  | £1 |  | 11 |  | 11 |  |

| 11 |  | B Ordinary |  | £1 |  | 11 |  | 11 |  |

| 2 |  | C Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | D Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | E Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | F Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | G Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | H Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | I Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | J Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | K Ordinary |  | £1 |  | 2 |  | 2 |  |

| 2 |  | L Ordinary |  | £1 |  | 2 |  | 2 |  |

| 1,000,000 |  | A Redeemable Preference |  | £1 |  | 1,000,000 |  | - |  |

| 1,000,000 |  | B Redeemable Preference |  | £1 |  | 1,000,000 |  | - |  |

|  | 2,000,042 |  | 42 |  |

| The following shares were allotted at par and fully paid via a capitalisation of the directors' loan account during the period:

| 1,000,000 A Redeemable Preference shares of £1 each

| 1,000,000 B Redeemable Preference shares of £1 each

| A Ordinary and B Ordinary shares have rights to vote as defined in the company's articles, they have full rights to dividends declared on this class of shares and full rights to capital distributions (including on winding-up) up to the par value of the shares only.

| Class C to L Ordinary shares have rights to vote as defined in the company's articles, they have full rights to dividends declared on this class of shares and class C to K Ordinary shares rank pari passu with each other and have full rights to capital distributions (including on winding-up) up to a maximum cap of £259,500.

| Class L shares rank pari passu with classes C to K in regards to capital distribution rights (including on winding-up) save for the L Ordinary shares shall be entitled to the whole of any such remaining proceeds once class C to K Ordinary shares have reached their maximum cap.

| The A Redeemable and B Redeemable Preference shares carry no rights to vote or rights to a dividend. Preferential rights to capital including on a winding up basis are as set out in the articles of association. These shares are redeemable at the option of the company.