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REGISTERED NUMBER: 06649140 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

NB Property Developments Limited

| NB Property Developments Limited (Registered number: 06649140) |

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 |

| NB Property Developments Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | N G Barrett

| REGISTERED OFFICE: | 57 Heaton Street

| Gainsborough

| Lincolnshire

| DN21 2EF

| REGISTERED NUMBER: | 06649140 (England and Wales)

| ACCOUNTANTS: | ABC Accounting Services

| 1 Willoughton Place

| Wharton Close

| Gainsborough

| Lincolnshire

| DN21 1EB

| NB Property Developments Limited (Registered number: 06649140) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,285 |  | 1,605 |  |

Investment property | 5 | 962,329 |  | 962,329 |  |

963,614 |  | 963,934 |  |

CURRENT ASSETS

Stocks | 244,404 |  | 244,404 |  |

Cash at bank | 11,613 |  | 57,245 |  |

256,017 |  | 301,649 |  |

CREDITORS

Amounts falling due within one year | 6 | 959,413 |  | 1,050,797 |  |

NET CURRENT LIABILITIES | (703,396 | ) | (749,148 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 260,218 |  | 214,786 |  |

PROVISIONS FOR LIABILITIES | 9,059 |  | 9,059 |  |

NET ASSETS | 251,159 |  | 205,727 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 251,059 |  | 205,627 |  |

SHAREHOLDERS' FUNDS | 251,159 |  | 205,727 |  |

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.

| NB Property Developments Limited (Registered number: 06649140) |

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 28 October 2025 and were signed by:

N G Barrett - Director

| NB Property Developments Limited (Registered number: 06649140) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| NB Property 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.

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.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on reducing balance

| Investment properties

| Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Stocks

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

| 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.

| Full provision has been made on the gains arising from the fair value review of the investment properties.

3. | EMPLOYEES AND DIRECTORS

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

| NB Property Developments Limited (Registered number: 06649140) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 3,713 |  |

| DEPRECIATION

| At 1 April 2024 | 2,108 |  |

| Charge for year | 320 |  |

| At 31 March 2025 | 2,428 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,285 |  |

| At 31 March 2024 | 1,605 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 962,329 |  |

| NET BOOK VALUE

| At 31 March 2025 | 962,329 |  |

| At 31 March 2024 | 962,329 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2018 | 506,378 |  |

| Valuation in 2019 | 124,680 |  |

| Valuation in 2020 | 23,658 |  |

| Valuation in 2021 | 78,224 |  |

| Valuation in 2022 | 116,746 |  |

| Valuation in 2023 | 112,643 |  |

962,329 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Tax | 13,876 |  | 11,278 |  |

| VAT | 1,081 |  | 1,007 |  |

| Other creditors | 67,688 |  | 67,688 |  |

| Directors' current accounts | 876,093 |  | 970,174 |  |

| Accrued expenses | 675 |  | 650 |  |

959,413 |  | 1,050,797 |  |

| NB Property Developments Limited (Registered number: 06649140) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | ULTIMATE CONTROLLING PARTY

| The controlling party is N G Barrett.

| The company is controlled by its director. At the year end date the company owed the director £876,093, (2024, £970,174).