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REGISTERED NUMBER: 00723067 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2025

for

SHIRLEY-YOUNG LIMITED

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Contents of the Financial Statements

for the year ended 30 March 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| SHIRLEY-YOUNG LIMITED |

Company Information

for the year ended 30 March 2025

| DIRECTORS: | P M G Young

| J A V Handslip

| S C E Young

| D A G Young

| SECRETARY: | J A V Handslip

| REGISTERED OFFICE: | Whyr Farm

| Winterbourne Bassett

| Swindon

| Wiltshire

| SN4 9QE

| REGISTERED NUMBER: | 00723067 (England and Wales)

| ACCOUNTANTS: | Richardson Swift

| Chartered Accountants

| 11 Laura Place

| Bath

| BA2 4BL

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Shirley-Young Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Shirley-Young Limited for the year ended 30 March 2025 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 Board of Directors of Shirley-Young Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shirley-Young Limited and state those matters that we have agreed to state to the Board of Directors of Shirley-Young Limited, as a body, 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 Shirley-Young Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shirley-Young 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 profit of Shirley-Young Limited. You consider that Shirley-Young 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 Shirley-Young 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

4 September 2025

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Balance Sheet

30 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 216,339 |  | 204,574 |  |

Investment property | 6 | 4,164,542 |  | 4,164,542 |  |

4,380,881 |  | 4,369,116 |  |

CURRENT ASSETS

Debtors | 7 | 392,752 |  | 333,596 |  |

Cash at bank | 147,773 |  | 214,709 |  |

540,525 |  | 548,305 |  |

CREDITORS

Amounts falling due within one year | 8 | 43,553 |  | 56,925 |  |

NET CURRENT ASSETS | 496,972 |  | 491,380 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,877,853 |  | 4,860,496 |  |

PROVISIONS FOR LIABILITIES | 9 | 720,607 |  | 720,607 |  |

NET ASSETS | 4,157,246 |  | 4,139,889 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 110,000 |  | 110,000 |  |

Share premium | 90,000 |  | 90,000 |  |

Capital redemption reserve | 100 |  | 100 |  |

Retained earnings | 3,957,146 |  | 3,939,789 |  |

SHAREHOLDERS' FUNDS | 4,157,246 |  | 4,139,889 |  |

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

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

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Balance Sheet - continued

30 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 2 September 2025 and were signed on its behalf by:

D A G Young - Director

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Notes to the Financial Statements

for the year ended 30 March 2025

1. | STATUTORY INFORMATION

| Shirley-Young 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Shirley-Young Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover relates to rental income on investment properties, being the principal activity of the company, recognised in the period to which the rental relates on an accruals basis.

| 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 | - | 20% on cost

| Investments in subsidiaries

| Investments are measured at fair value. Changes in fair value are recognised in the profit or loss.

| Investment property

| Investment property is measured at fair value.

| 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.

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Notes to the Financial Statements - continued

for the year ended 30 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Investment

| Investments in shares and other similar financial assets held for investment are held at fair value, with gains and losses taken to the profit and loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 31 March 2024

| and 30 March 2025 | 15,083 |  |

| DEPRECIATION

| At 31 March 2024

| and 30 March 2025 | 15,083 |  |

| NET BOOK VALUE

| At 30 March 2025 | - |  |

| At 30 March 2024 | - |  |

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Notes to the Financial Statements - continued

for the year ended 30 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in |

| group |  | Unlisted |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 31 March 2024 | 1 |  | 204,573 |  | 204,574 |  |

| Additions | - |  | 68,617 |  | 68,617 |  |

| Disposals | - |  | (52,042 | ) | (52,042 | ) |

| Revaluations | - |  | (4,810 | ) | (4,810 | ) |

| At 30 March 2025 | 1 |  | 216,338 |  | 216,339 |  |

| NET BOOK VALUE

| At 30 March 2025 | 1 |  | 216,338 |  | 216,339 |  |

| At 30 March 2024 | 1 |  | 204,573 |  | 204,574 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 31 March 2024

| and 30 March 2025 | 4,164,542 |  |

| NET BOOK VALUE

| At 30 March 2025 | 4,164,542 |  |

| At 30 March 2024 | 4,164,542 |  |

| The investment property was revalued during 2020 by a qualified surveyor. The directors have elected not to revalue the properties during the current year, as they believe the values remain representative at the balance sheet date.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 700 |  | 22,100 |  |

| Amounts owed by group undertakings | 385,789 |  | 299,999 |  |

| Other debtors | 6,263 |  | 11,497 |  |

392,752 |  | 333,596 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 21 |  |

| Trade creditors | - |  | 1,158 |  |

| Amounts owed to group undertakings | 1,063 |  | 1,063 |  |

| Taxation and social security | 5,678 |  | 18,468 |  |

| Other creditors | 36,812 |  | 36,215 |  |

43,553 |  | 56,925 |  |

| SHIRLEY-YOUNG LIMITED (REGISTERED NUMBER: 00723067) |

Notes to the Financial Statements - continued

for the year ended 30 March 2025

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 720,607 |  | 720,607 |  |

| Deferred |

| tax |

£ |

| Balance at 31 March 2024 | 720,607 |  |

| Revaluation of investment prop |

| Accelerated capital allowances |

| Balance at 30 March 2025 | 720,607 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 110,000 | Ordinary A Shares | £1 | 110,000 |  | 110,000 |  |

11. | PARENT COMPANY

| The parent company is Saxonia Investments Ltd.

12. | CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

| The directors have assessed there to be no change in the valuation of investment property. No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.