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REGISTERED NUMBER: 00593664 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| THE WARE GARAGES LIMITED |

| THE WARE GARAGES LIMITED (REGISTERED NUMBER: 00593664) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| THE WARE GARAGES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | D G C Hale

| R V Hale

| SECRETARY: | D G C Hale

| REGISTERED OFFICE: | 26 Henmarsh Court

| Balls Park

| Hertford

| Hertfordshire

| SG13 8FB

| REGISTERED NUMBER: | 00593664 (England and Wales)

| ACCOUNTANTS: | Cook & Partners Limited

| Manufactory House

| Bell Lane

| Hertford

| Hertfordshire

| SG14 1BP

| BANKERS: | National Westminster Bank Plc

| Nicon House

| 43-45 Silver Street

| Enfield

| Middlesex

| EN1 3TP

| THE WARE GARAGES LIMITED (REGISTERED NUMBER: 00593664) |

BALANCE SHEET

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 4,169,370 |  | 4,169,370 |  |

CURRENT ASSETS

Stocks | - |  | 441,500 |  |

Debtors | 5 | 2,306 |  | 1,897 |  |

Cash at bank | 893,768 |  | 443,474 |  |

896,074 |  | 886,871 |  |

CREDITORS

Amounts falling due within one year | 6 | 944,748 |  | 890,539 |  |

NET CURRENT LIABILITIES | (48,674 | ) | (3,668 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,120,696 |  | 4,165,702 |  |

PROVISIONS FOR LIABILITIES | 320,504 |  | 320,504 |  |

NET ASSETS | 3,800,192 |  | 3,845,198 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 3,800,092 |  | 3,845,098 |  |

SHAREHOLDERS' FUNDS | 3,800,192 |  | 3,845,198 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

| THE WARE GARAGES LIMITED (REGISTERED NUMBER: 00593664) |

BALANCE SHEET - continued

31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2025 and were signed on its behalf by:

D G C Hale - Director

| THE WARE GARAGES LIMITED (REGISTERED NUMBER: 00593664) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| The Ware Garages 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.

| The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date and therefore the financial statements for the year ended 31st March 2025 have been prepared using the going concern basis of accounting.

| 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.

| Stocks

| Stocks are stated at the lower of cost and net realisable value. Cost is determined as the cost incurred in bringing each product to its present location and condition. Net realisable value is based on estimated selling price less further costs expected to be incurred to disposal.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

| THE WARE GARAGES LIMITED (REGISTERED NUMBER: 00593664) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st April 2024

| and 31st March 2025 | 4,169,370 |  |

| NET BOOK VALUE

| At 31st March 2025 | 4,169,370 |  |

| At 31st March 2024 | 4,169,370 |  |

| Fair value at 31st March 2025 is represented by:

£ |

| Valuation in 2019 | 1,274,682 |  |

| Cost | 2,894,688 |  |

4,169,370 |  |

| If Investment Property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,895,048 |  | 2,895,048 |  |

| The Investment Property was valued on an Open Market basis on 31st March 2025 by the Directors .

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

2025 | 2024 |

£ | £ |

| Other debtors | 2,306 |  | 1,897 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 3,600 |  | 3,600 |  |

| Taxation and social security | 3,737 |  | 17,904 |  |

| Other creditors | 937,411 |  | 869,035 |  |

944,748 |  | 890,539 |  |

| Included within other creditors is a specific provision for redress under the Financial Conduct Authority redress consultation for Motor Finance. The figure provided for is calculated from data supplied by the F.C.A and from our own records, representing our best estimate of the potential liability at the date of signing the financial statements.

7. | ULTIMATE CONTROLLING PARTY

| For the current and previous years, the company has been controlled by the board of directors as a whole, by virtue of their shareholdings in the company.