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REGISTERED NUMBER: 05571979 (England and Wales)

Paynes Properties (Kent) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

| Paynes Properties (Kent) Ltd (Registered number: 05571979) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Paynes Properties (Kent) Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S P Burbridge

| P L Burbridge

| SECRETARY: | Mrs N T Butler

| REGISTERED OFFICE: | Swanton Farm

| Swanton Street

| Bicknor

| Sittingbourne

| ME9 8AT

| REGISTERED NUMBER: | 05571979 (England and Wales)

| ACCOUNTANTS: | Aggarwal & Co

| Chartered Accountants

| 5 London Road

| Rainham

| Gillingham

| Kent

| ME8 7RG

| Paynes Properties (Kent) Ltd (Registered number: 05571979) |

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 4,550,000 |  | 4,550,000 |  |

4,550,000 |  | 4,550,000 |  |

CURRENT ASSETS

Debtors | 6 | 497,006 |  | 502,703 |  |

Cash at bank and in hand | 17,714 |  | 3,148 |  |

514,720 |  | 505,851 |  |

CREDITORS

Amounts falling due within one year | 7 | 24,833 |  | 14,085 |  |

NET CURRENT ASSETS | 489,887 |  | 491,766 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,039,887 |  | 5,041,766 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,569,038 | ) | (1,580,326 | ) |

PROVISIONS FOR LIABILITIES | (467,673 | ) | (467,673 | ) |

NET ASSETS | 3,003,176 |  | 2,993,767 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Fair value reserve | 1,993,763 |  | 1,993,763 |  |

Retained earnings | 1,009,412 |  | 1,000,003 |  |

SHAREHOLDERS' FUNDS | 3,003,176 |  | 2,993,767 |  |

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.

| Paynes Properties (Kent) Ltd (Registered number: 05571979) |

Statement of Financial Position - 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 7 October 2025 and were signed on its behalf by:

P L Burbridge - Director

Mrs S P Burbridge - Director

| Paynes Properties (Kent) Ltd (Registered number: 05571979) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Paynes Properties (Kent) 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

| 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.

| Income recognition

| Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when the company becomes entitled to receive it.

| 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.

| Plant and machinery etc | - | 20% on cost

| Investment property

| Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Financial instruments

| The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

| Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

| 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 statement of financial position date.

| Paynes Properties (Kent) Ltd (Registered number: 05571979) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 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 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 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 2,136 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 March 2025 | 2,136 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 4,550,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,550,000 |  |

| At 31 March 2024 | 4,550,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 4,550,000 |  |

| Paynes Properties (Kent) Ltd (Registered number: 05571979) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,191 |  | 7,143 |  |

| Other debtors | 494,815 |  | 495,560 |  |

497,006 |  | 502,703 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 3,854 |  | 30 |  |

| Taxation and social security | 2,664 |  | 10,384 |  |

| Other creditors | 18,315 |  | 3,671 |  |

24,833 |  | 14,085 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 1,569,038 |  | 1,580,326 |  |

9. | SECURED DEBTS

| Bank loans to the parent company are secured by fixed and floating charges over investment properties and all other assets of the company.

10. | ULTIMATE CONTROLLING PARTY

| The company is under the control of Marinada Ltd, a company incorporated in Jersey whose registered office address is 2nd Floor, Commercial House, Commercial Street, St Helier. JE2 3RU, Jersey.