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REGISTERED NUMBER: 10166000 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Westbourne Group Limited

Westbourne Group Limited (Registered number: 10166000)

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 |

Westbourne Group Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr C A Simpson

| Miss R Allan

| REGISTERED OFFICE: | Farthings Barn

| Ashridgewood Business Park

| Warren House Road

| Wokingham

| Berkshire

| RG40 5BS

| REGISTERED NUMBER: | 10166000 (England and Wales)

| ACCOUNTANTS: | Wilson Partners Limited

| Chartered Accountants

| TOR

| Saint-Cloud Way

| Maidenhead

| Berkshire

| SL6 8BN

Westbourne Group Limited (Registered number: 10166000)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| as restated |

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 63,482 |  | 110,461 |  |

Investments | 5 | 1 |  | 1 |  |

63,483 |  | 110,462 |  |

CURRENT ASSETS

Stocks | 20,971,742 |  | 14,074,128 |  |

Debtors | 6 | 1,245,825 |  | 2,058,588 |  |

Cash at bank | 1,094,292 |  | 1,017,945 |  |

23,311,859 |  | 17,150,661 |  |

CREDITORS

Amounts falling due within one year | 7 | (12,278,290 | ) | (12,405,895 | ) |

NET CURRENT ASSETS | 11,033,569 |  | 4,744,766 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,097,052 |  | 4,855,228 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (5,613,527 | ) | - |  |

PROVISIONS FOR LIABILITIES | (12,700 | ) | (23,860 | ) |

NET ASSETS | 5,470,825 |  | 4,831,368 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Share premium | 49,992 |  | 49,992 |  |

Capital redemption reserve | 8 |  | 8 |  |

Retained earnings | 5,420,725 |  | 4,781,268 |  |

5,470,825 |  | 4,831,368 |  |

Westbourne Group Limited (Registered number: 10166000)

Balance Sheet - continued

31 March 2025

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.

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 17 September 2025 and were signed on its behalf by:

Mr C A Simpson - Director

Westbourne Group Limited (Registered number: 10166000)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Westbourne Group 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Westbourne Group 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.

| Significant judgements and estimates

| In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 are considered to be relevant. 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The company does not make significant estimates and assumptions concerning the future that affect the position shown in the accounts.

| Turnover

| Turnover is derived from the company's principal activity of residential property development. Revenue comprises the fair value of the consideration received or receivable, net of applicable Value Added Tax, Stamp Duty Land Tax, rebates and discounts. Revenue is recognised in the income statement on legal completion of the sale of the property at the fair value of consideration received.

| The company engages in contracts with customers to build properties on land belonging to the customer. The customer specifies the major structural elements of the property prior to (and during) construction. Whilst the company provides the labour and materials, the customer carries the risks relating to materials price changes and consequently the directors consider that in order to give a true and fair presentation in the accounts, revenue and costs related to contracts of this nature are accounted for on a percentage completion basis. This is a deviation from FRS102 which requires contracts involving the supply of services together with construction materials to be accounted for as the sale of goods

Westbourne Group Limited (Registered number: 10166000)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | Over the lease term

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost

| Tangible fixed assets are included at cost less depreciation and impairment.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are held at the lower of cost and net realisable value. Costs comprise purchased property / land costs, direct materials and direct labour together with an apportionment of overhead incurred to bring the stocks to their present location and condition. Net realisable value represents estimated selling price less all estimated costs to sell, including sales and marketing costs.

| Financial instruments

| Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Westbourne Group Limited (Registered number: 10166000)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Joint arrangements

| Joint arrangements which are not entities entered into with third parties for the development of properties are accounted for by recognising the proportionate share of income, costs and profits attributable to the company based on the contractual agreement. Funds received from third parties towards joint arrangements (which are not debt instruments) for projects which are in the course of development at the balance sheet date are deducted from the company's stock of property development costs to reflect the company's net cost of property development costs incurred. Funding provided to third parties towards joint arrangements for projects which are in the course of development at the balance sheet date are included in the company's stock of property development costs.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 15 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 275,552 |  |

| Additions | 1,658 |  |

| At 31 March 2025 | 277,210 |  |

| DEPRECIATION

| At 1 April 2024 | 165,091 |  |

| Charge for year | 48,637 |  |

| At 31 March 2025 | 213,728 |  |

| NET BOOK VALUE

| At 31 March 2025 | 63,482 |  |

| At 31 March 2024 | 110,461 |  |

Westbourne Group Limited (Registered number: 10166000)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1 |  |

| At 31 March 2024 | 1 |  |

6. | DEBTORS

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 33,512 |  | 762,650 |  |

| Other debtors | 1,195,455 |  | 1,279,080 |  |

1,228,967 |  | 2,041,730 |  |

| Amounts falling due after more than one year:

| Other debtors | 16,858 |  | 16,858 |  |

| Aggregate amounts | 1,245,825 |  | 2,058,588 |  |

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

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Bank loans and overdrafts | 1,081,238 |  | 3,985,824 |  |

| Trade creditors | 1,362,032 |  | 820,346 |  |

| Amounts owed to group undertakings | 2,874,970 |  | 1 |  |

| Taxation and social security | 389,716 |  | 135,300 |  |

| Other creditors | 6,570,334 |  | 7,464,424 |  |

12,278,290 |  | 12,405,895 |  |

Westbourne Group Limited (Registered number: 10166000)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Bank loans | 5,613,527 |  | - |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Within one year | 48,816 |  | 48,816 |  |

| Between one and five years | 12,204 |  | 61,020 |  |

61,020 |  | 109,836 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

| as restated |

£ | £ |

| Bank loans | 6,694,765 |  | 3,985,824 |  |

| The loans are secured over the freehold land on each site.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr C A Simpson.