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REGISTERED NUMBER: 13129836 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Dalgagi Limited

Dalgagi Limited (Registered number: 13129836)

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 |

Dalgagi Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs D L Ross

| G L Sher

| G M Sher

| T Sher

| R Sher

| REGISTERED OFFICE: | Spitalfields House , Stirling Way

| Borehamwood

| WD6 2FX

| REGISTERED NUMBER: | 13129836 (England and Wales)

| ACCOUNTANTS: | TC Group

| First Floor

| Spitalfields House

| Stirling Way

| Borehamwood

| Hertfordshire

| WD6 2FX

Dalgagi Limited (Registered number: 13129836)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | 155,854 |  | 92,048 |  |

Investment property | 5 | 3,010,000 |  | 3,010,000 |  |

3,165,854 |  | 3,102,048 |  |

CURRENT ASSETS

Cash at bank | 156,731 |  | 150,107 |  |

CREDITORS

Amounts falling due within one year | 6 | (27,855 | ) | (32,364 | ) |

NET CURRENT ASSETS | 128,876 |  | 117,743 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,294,730 |  | 3,219,791 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (3,000,000 | ) | (3,000,000 | ) |

PROVISIONS FOR LIABILITIES | 9 | (3,536 | ) | (2,687 | ) |

ACCRUALS AND DEFERRED INCOME | - |  | (3,673 | ) |

NET ASSETS | 291,194 |  | 213,431 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 30 |  | 30 |  |

Retained earnings | 11 | 291,164 |  | 213,401 |  |

SHAREHOLDERS' FUNDS | 291,194 |  | 213,431 |  |

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 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.

Dalgagi Limited (Registered number: 13129836)

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 Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

T Sher - Director

Mrs D L Ross - Director

Dalgagi Limited (Registered number: 13129836)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Dalgagi 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 as modified by the revaluation of certain assets.

| Significant judgements and estimates

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that arerelevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors are of the opinion that the market value of the investments properties are at least equal to the book value.

| Turnover

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

| 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.

| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the end of the financial period.

| Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised to the profit and loss account.

Dalgagi Limited (Registered number: 13129836)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

| Basic financial assets

| Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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.

Dalgagi Limited (Registered number: 13129836)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 2 ) .

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 April 2024 | 92,048 |  |

| Additions | 65,455 |  |

| Revaluations | (1,649 | ) |

| At 31 March 2025 | 155,854 |  |

| NET BOOK VALUE

| At 31 March 2025 | 155,854 |  |

| At 31 March 2024 | 92,048 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | 155,854 |  |

| The investment in shares is recognised at fair value as at the year end date.

Dalgagi Limited (Registered number: 13129836)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 3,010,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,010,000 |  |

| At 31 March 2024 | 3,010,000 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Taxation and social security | 23,399 |  | 27,907 |  |

| Other creditors | 4,456 |  | 4,457 |  |

27,855 |  | 32,364 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 3,000,000 |  | 3,000,000 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Loan | 2,356 |  | 2,356 |  |

| The loans are secured by a first legal charge over all of the company's properties.

9. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 3,536 |  | 2,687 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 2,687 |  |

| Provided during year | 849 |  |

| Balance at 31 March 2025 | 3,536 |  |

Dalgagi Limited (Registered number: 13129836)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 3,000 | Ordinary | £0.01 | 30 |  | 30 |  |

11. | RESERVES

| Included within profit and loss reserves is an amount of £10,609 (2024 - £11,457) which is non-distributable as this relates to investment property revaluation, net of deferred taxation.

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| T Sher and R Sher

| Balance outstanding at start of year | (2,356 | ) | (302,356 | ) |

| Amounts advanced | - |  | 300,000 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (2,356 | ) |

| Mrs D L Ross

| Balance outstanding at start of year | (1,000,000 | ) | (900,000 | ) |

| Amounts advanced | - |  | (100,000 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (1,000,000 | ) |

| G M Sher

| Balance outstanding at start of year | (1,000,000 | ) | (900,000 | ) |

| Amounts advanced | - |  | (100,000 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (1,000,000 | ) |

| G L Sher

| Balance outstanding at start of year | (1,000,000 | ) | (900,000 | ) |

| Amounts advanced | - |  | (100,000 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (1,000,000 | ) |