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REGISTERED NUMBER: 02063398 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

WESTERN AND MIDLAND DEVELOPMENTS LIMITED

WESTERN AND MIDLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02063398)

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 |

WESTERN AND MIDLAND DEVELOPMENTS LIMITED

Company Information

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | P J Marmot

| K A von Tuempling-Marmot

| SECRETARY: | K A von Tuempling-Marmot

| REGISTERED OFFICE: | Ferrari House

| 258 Field End Road

| Eastcote

| Middlesex

| HA4 9UU

| REGISTERED NUMBER: | 02063398 (England and Wales)

| ACCOUNTANTS: | Diverset Limited

| Chartered Accountants

| Ferrari House

| 258 Field End Road

| Ruislip

| Middlesex

| HA4 9UU

WESTERN AND MIDLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02063398)

Balance Sheet

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Cash at bank | 200 |  | 59 |  |

CREDITORS

Amounts falling due within one year | 4 | 1,758,745 |  | 1,385,022 |  |

NET CURRENT LIABILITIES | (1,758,545 | ) | (1,384,963 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,758,545 | ) | (1,384,963 | ) |

CREDITORS

Amounts falling due after more than one year | 5 | 1,114,786 |  | 1,514,786 |  |

NET LIABILITIES | (2,873,331 | ) | (2,899,749 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (2,873,431 | ) | (2,899,849 | ) |

SHAREHOLDERS' FUNDS | (2,873,331 | ) | (2,899,749 | ) |

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.

WESTERN AND MIDLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02063398)

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 26 August 2025 and were signed on its behalf by:

P J Marmot - Director

K A von Tuempling-Marmot - Director

WESTERN AND MIDLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02063398)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Western and Midland 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.

| The financial statements are prepared on the basis that the company is a going concern, based on the support of its immediate and ultimate parent undertakings. In the near term however, the company will be kept dormant for a period, while the Directors evaluate potential investment or trading opportunities.

| Preparation of consolidated financial statements

| The financial statements contain information about Western & Midland Developments Ltd as an individual company. Western and Midland Developments Ltd is itself a subsidiary company of Western and Midland Investments Ltd, itself a subsidiary of Returngain Ltd. The company and group as a whole have taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

WESTERN AND MIDLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02063398)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 1,757,330 |  | 1,383,630 |  |

| Other creditors | 1,415 |  | 1,392 |  |

1,758,745 |  | 1,385,022 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 1,114,786 |  | 1,514,786 |  |

| At the year end, the loan balance owed to P Marmot and C von Tuempling-Marmot totalled £1,114,786 (2024: £1,514,786) of which £Nil (2023: £Nil) is included in current liabilities.

6. | RELATED PARTY DISCLOSURES

| P J Marmot & C V Tuempling-Marmot

| By a deed of assignment dated 6 April 1999, the residual debt due to Unibank AS following the sale of the company's then freehold property was purchased from Unibank AS by P J Marmot, a director of the company, for £1. P J Marmot subsequently gave a proportion of this loan to his wife, C V Tuempling-Marmot.

| At the year end, the amount due to P J Marmot under this loan was £1,114,786 (2024 : £1,514,786) and to C V Tuempling Marmot was nil (2024: nil) as a long-term liability.

| Management fees of £2,500 (2024: £2,500) were charged to Western & Midland Investments Ltd (the immediate parent company, and £25,000 (2024 : £25,000) to Returngain Ltd, a company under common control.

| At the year end, the company owed £1,492,180 (2024 : £1,093,479) to Western & Midland Investments Ltd and £265,150 (2024 : £290,150) to Returngain Ltd, all under common control.

7. | ULTIMATE CONTROLLING PARTY

| The controlling party is Returngain Ltd, which is ultimately controlled by P Marmot.