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REGISTERED NUMBER: 08217224 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| BSBA Properties Limited |

| BSBA Properties Limited (Registered number: 08217224) |

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 |

| BSBA Properties Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | B Anaman

| B Smith

| REGISTERED OFFICE: | The Old Vicarage St Marks Road

| Holbeach St Marks

| Spalding

| Lincolnshire

| PE12 8DZ

| REGISTERED NUMBER: | 08217224 (England and Wales)

| ACCOUNTANTS: | SKS Bailey Group Limited

| Oaklea House

| 46 Coatham Road

| Redcar

| TS10 1RS

| BSBA Properties Limited (Registered number: 08217224) |

Balance Sheet

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Tangible assets | 3 | 151 |  | 201 |  |

Investment property | 4 | 1,906,858 |  | 1,796,858 |  |

1,907,009 |  | 1,797,059 |  |

Current assets

Cash at bank | 46,936 |  | 73,005 |  |

Creditors

Amounts falling due within one year | 5 | (770,483 | ) | (847,347 | ) |

Net current liabilities | (723,547 | ) | (774,342 | ) |

Total assets less current liabilities | 1,183,462 |  | 1,022,717 |  |

Creditors

Amounts falling due after more than one year | 6 | (644,776 | ) | (627,953 | ) |

Provisions for liabilities | 8 | (37,501 | ) | (16,601 | ) |

Net assets | 501,185 |  | 378,163 |  |

Capital and reserves

Called up share capital | 2 |  | 2 |  |

Fair value reserve | 9 | 159,871 |  | 70,771 |  |

Retained earnings | 9 | 341,312 |  | 307,390 |  |

501,185 |  | 378,163 |  |

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.

| BSBA Properties Limited (Registered number: 08217224) |

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 13 November 2025 and were signed on its behalf by:

B Anaman - Director

| BSBA Properties Limited (Registered number: 08217224) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | 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.

| TURNOVER

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

| 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 | - | 25% on reducing balance

| 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.

| 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.

2. | EMPLOYEES AND DIRECTORS

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

| BSBA Properties Limited (Registered number: 08217224) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 5,716 |  |

| DEPRECIATION

| At 1 April 2024 | 5,515 |  |

| Charge for year | 50 |  |

| At 31 March 2025 | 5,565 |  |

| NET BOOK VALUE

| At 31 March 2025 | 151 |  |

| At 31 March 2024 | 201 |  |

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 1,796,858 |  |

| Revaluations | 110,000 |  |

| At 31 March 2025 | 1,906,858 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,906,858 |  |

| At 31 March 2024 | 1,796,858 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2024 | 87,372 |  |

| Valuation in 2025 | 110,000 |  |

| Cost | 1,709,486 |  |

1,906,858 |  |

| Properties are required to be disclosed within the financial statements at fair value.

| The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

| BSBA Properties Limited (Registered number: 08217224) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Corporation tax | 849 |  | 105 |  |

| Other creditors | 344,823 |  | 419,823 |  |

| Directors' current accounts | 423,263 |  | 422,651 |  |

| Accrued expenses | 1,548 |  | 4,768 |  |

770,483 |  | 847,347 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 7) | 644,776 |  | 627,953 |  |

7. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 644,776 |  | 627,953 |  |

| Bank loans includes £644,776 (2024: £627,953) which is secured. All loans are interest only and security is held by way of legal charges over the company's investment properties.

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Other timing differences | 37,501 |  | 16,601 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 16,601 |  |

| Provided during year | 20,900 |  |

| Balance at 31 March 2025 | 37,501 |  |

| BSBA Properties Limited (Registered number: 08217224) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | RESERVES

| PROFIT AND LOSS RESERVES

| The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

| FAIR VALUE RESERVES

| The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.