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REGISTERED NUMBER: 00800550 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Naitparts Developments Limited

Naitparts Developments Limited (Registered number: 00800550)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Naitparts Developments Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs A D Patterson

| Mrs L J Bloor

| Ms C G Patterson

| B M G Patterson

| REGISTERED OFFICE: | 67 Westow Street

| Upper Norwood

| London

| SE19 3RW

| REGISTERED NUMBER: | 00800550 (England and Wales)

| AUDITORS: | Thornton Springer LLP

| Chartered Accountants

| Statutory Auditor

| 67 Westow Street

| London

| United Kingdom

| SE19 3RW

Naitparts Developments Limited (Registered number: 00800550)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Investments | 5 | 1,593,194 |  | 829,535 |  |

Investment property | 6 | 3,550,000 |  | 3,235,000 |  |

5,143,194 |  | 4,064,535 |  |

CURRENT ASSETS

Debtors | 7 | 32,837 |  | 30,587 |  |

Cash at bank | 530,802 |  | 1,776,090 |  |

563,639 |  | 1,806,677 |  |

CREDITORS

Amounts falling due within one year | 8 | (37,820 | ) | (428,513 | ) |

NET CURRENT ASSETS | 525,819 |  | 1,378,164 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,669,013 |  | 5,442,699 |  |

PROVISIONS FOR LIABILITIES | (699,857 | ) | (548,755 | ) |

NET ASSETS | 4,969,156 |  | 4,893,944 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 6,000 |  | 6,000 |  |

Fair value reserves | 10 | 2,350,229 |  | 2,308,846 |  |

Retained earnings | 10 | 2,612,927 |  | 2,579,098 |  |

SHAREHOLDERS' FUNDS | 4,969,156 |  | 4,893,944 |  |

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 22 November 2025 and were signed on its behalf by:

Mrs A D Patterson - Director

B M G Patterson - Director

Naitparts Developments Limited (Registered number: 00800550)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Naitparts Developments 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The presentation currency of the financial statements is in Pound Sterling (£). Monetary amounts are rounded to the nearest £.

| Turnover

| Turnover represents rental income and 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.

| 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.

| Fixed asset investments

| Fixed asset investments represent listed investments, valued at current market value basis. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss.

| Repairs and renewals

| Repairs and renewal costs are charged to revenue as they are incurred. Any costs incurred considered to improve properties are capitalised.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

Naitparts Developments Limited (Registered number: 00800550)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 April 2024 | 829,535 |  |

| Additions | 1,011,283 |  |

| Disposals | (190,541 | ) |

| Revaluations | (57,083 | ) |

| At 31 March 2025 | 1,593,194 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,593,194 |  |

| At 31 March 2024 | 829,535 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | 22,514 |  |

| Cost | 1,570,680 |  |

1,593,194 |  |

| If fixed asset investments had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 1,570,680 |  | 732,685 |  |

| Fixed asset investments were valued on a current market value basis on 31 March 2025 by J M Finn & Co Ltd .

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 3,235,000 |  |

| Additions | 55,000 |  |

| Revaluations | 260,000 |  |

| At 31 March 2025 | 3,550,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,550,000 |  |

| At 31 March 2024 | 3,235,000 |  |

Naitparts Developments Limited (Registered number: 00800550)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 3,060,607 |  |

| Cost | 489,393 |  |

3,550,000 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 489,393 |  | 434,393 |  |

| Investment properties were valued on a fair value basis on 31 March 2025 by Benjamin Patterson, director .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 32,837 |  | 30,587 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 22,889 |  | 5,682 |  |

| Taxation and social security | 449 |  | 408,449 |  |

| Other creditors | 14,482 |  | 14,382 |  |

37,820 |  | 428,513 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 6,000 | Ordinary shares | £1 | 6,000 |  | 6,000 |  |

Naitparts Developments Limited (Registered number: 00800550)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 April 2024 | 2,579,098 |  | 2,308,846 |  | 4,887,944 |  |

| Profit for the year | 75,212 |  | 75,212 |  |

| Revaluation of property and

| listed investments | (202,917 | ) | 202,917 |  | - |  |

| Realisation of revaluation gains and losses of previous years | 10,432 |  | (10,432 | ) | - |  |

| Deferred tax provision | 151,102 |  | (151,102 | ) | - |  |

| At 31 March 2025 | 2,612,927 |  | 2,350,229 |  | 4,963,156 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Garth Myers FCCA, ACA (Senior Statutory Auditor)

| for and on behalf of Thornton Springer LLP

12. | ULTIMATE CONTROLLING PARTY

| The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.