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REGISTERED NUMBER: 12271554 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 1 NOVEMBER 2024 TO 28 FEBRUARY 2025 |

| FOR |

| JRG CHINNOR LTD |

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

JRG CHINNOR LTD

COMPANY INFORMATION

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

| DIRECTORS: | Mr R A Greaves

| Mr J Greaves

| REGISTERED OFFICE: | Unit 2.02

| High Weald House

| Glovers End

| Bexhill

| East Sussex

| TN39 5ES

| REGISTERED NUMBER: | 12271554 (England and Wales)

| ACCOUNTANTS: | Acuity Professional Partnership LLP

| Unit 2.02 High Weald House

| Glovers End

| Bexhill

| East Sussex

| TN39 5ES

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 72,200 |  | 59,980 |  |

Investment property | 5 | 275,000 |  | 275,000 |  |

347,200 |  | 334,980 |  |

CURRENT ASSETS

Debtors | 6 | 122,307 |  | 335,572 |  |

Cash at bank | 8,376 |  | 4,401 |  |

130,683 |  | 339,973 |  |

CREDITORS

Amounts falling due within one year | 7 | 418,241 |  | 612,774 |  |

NET CURRENT LIABILITIES | (287,558 | ) | (272,801 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 59,642 |  | 62,179 |  |

PROVISIONS FOR LIABILITIES | 15,166 |  | 12,111 |  |

NET ASSETS | 44,476 |  | 50,068 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 5 |  | 5 |  |

Revaluation reserve | 10 | 41,400 |  | 32,235 |  |

Non-distributable reserve | 10 | 4,098 |  | 4,098 |  |

Retained earnings | 10 | (1,027 | ) | 13,730 |  |

SHAREHOLDERS' FUNDS | 44,476 |  | 50,068 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 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 21 November 2025 and were signed on its behalf by:

Mr J Greaves - Director

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| JRG Chinnor Ltd 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

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

| The financial statements have been prepared in £ sterling, the functional currency, rounded to the nearest £1.

| INVESTMENT PROPERTY

| Investment property is carried at fair value determined annually by external valuers or the Directorss and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

| DEBTORS

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

| CASH AND CASH EQUIVALENTS

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| CREDITORS

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| CRYPTO ASSETS

| The crypto assets consist of a holding of £72,200 (2024 - £59,980) Bitcoin were acquired as a long-term investment. These assets are initially recognised at cost and are measured at cost less impairment losses. No amortisation has been charged, as the assets are considered to have an indefinite useful life, subject to annual impairment review.

| The directors consider there to be a quoted active market, and accordingly, the assets have been measured at fair value as at the balance sheet date, based on observable market prices.

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

| Flnancial instruments are recognisect·in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

| Financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

| Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

| Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

| Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

| TAXATION

| Taxation for the period 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 statement of financial position date.

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| Cost or valuation

| At 1 November 2024 | 59,980 |  |

| Revaluations | 12,220 |  |

| At 28 February 2025 | 72,200 |  |

| Net book value

| At 28 February 2025 | 72,200 |  |

| At 31 October 2024 | 59,980 |  |

| Cost or valuation at 28 February 2025 is represented by:

| Other

| intangible

| assets

£ |

| Valuation in 2024 | 42,980 |  |

| Valuation in 2025 | 12,220 |  |

| Cost | 17,000 |  |

72,200 |  |

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 November 2024

| and 28 February 2025 | 275,000 |  |

| Net book value

| At 28 February 2025 | 275,000 |  |

| At 31 October 2024 | 275,000 |  |

| The 2025 valuations were made by the Directors, on an open market value for existing use basis.

| If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Historic cost |  | 275,000 |  | 275,000 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2024 | 5,464 |  |

| Cost | 269,536 |  |

275,000 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 122,168 |  | 335,297 |  |

| Other debtors | 139 |  | 275 |  |

122,307 |  | 335,572 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 950 |  | 1,699 |  |

| Other creditors | 417,291 |  | 611,075 |  |

418,241 |  | 612,774 |  |

JRG CHINNOR LTD (REGISTERED NUMBER: 12271554)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2024 TO 28 FEBRUARY 2025

8. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Other loans | 282,616 |  | - |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary shares | £1 | 2 |  | 2 |  |

| 3 | Ordinary B shares | £1 | 3 |  | 3 |  |

5 |  | 5 |  |

| Ordinary shares have voting rights of ten votes per shares.

| Ordinary "B" shares have voting rights of six votes per share.

10. | RESERVES

| Retained |  | Revaluation |  | Non-distributable |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 November 2024 | 13,730 |  | 32,235 |  | 4,098 |  | 50,063 |  |

| Deficit for the period | (14,757 | ) | (14,757 | ) |

| Revaluation Reserve | - |  | 9,165 |  | - |  | 9,165 |  |

| At 28 February 2025 | (1,027 | ) | 41,400 |  | 4,098 |  | 44,471 |  |

11. | TRANSACTIONS WITH DIRECTORS

| At the balance sheet date the company owed £50,718 (2024: £369,690) to the directors.