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REGISTERED NUMBER: 03167264 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Old Mills Estates Limited

| Old Mills Estates Limited (Registered number: 03167264) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Old Mills Estates Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs L J Hall

| Mrs T K Hammond

| Mrs A Paget

| R B Thorner

| SECRETARY: | Mrs T K Hammond

| REGISTERED OFFICE: | Old Mills House

| Old Mills

| Paulton

| Bristol

| BS39 7SU

| REGISTERED NUMBER: | 03167264 (England and Wales)

| ACCOUNTANTS: | King Watkins Ltd

| The Island House

| Midsomer Norton

| Radstock

| Somerset

| BA3 2DZ

| Old Mills Estates Limited (Registered number: 03167264) |

Abridged Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 2,039,379 |  | 2,039,379 |  |

2,039,379 |  | 2,039,379 |  |

CURRENT ASSETS

Debtors | 459,952 |  | 485,402 |  |

Cash at bank | 40,271 |  | 14,870 |  |

500,223 |  | 500,272 |  |

CREDITORS

Amounts falling due within one year | 47,706 |  | 59,620 |  |

NET CURRENT ASSETS | 452,517 |  | 440,652 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,491,896 |  | 2,480,031 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Revaluation reserve | 6 | 491,583 |  | 491,583 |  |

Other reserves | (22,119 | ) | (22,119 | ) |

Retained earnings | 2,022,429 |  | 2,010,564 |  |

SHAREHOLDERS' FUNDS | 2,491,896 |  | 2,480,031 |  |

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 November 2025 and were signed on its behalf by:

R B Thorner - Director

| Old Mills Estates Limited (Registered number: 03167264) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Old Mills Estates 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. | 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.

| Tangible fixed assets

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

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 2,690 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 March 2025 | 2,690 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

| Old Mills Estates Limited (Registered number: 03167264) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 2,039,379 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,039,379 |  |

| At 31 March 2024 | 2,039,379 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2012 | 5,687,782 |  |

| Valuation in 2013 | 80,000 |  |

| Valuation in 2016 | (620,000 | ) |

| Valuation in 2020 | (359,202 | ) |

| Valuation in 2021 | (39,911 | ) |

| Valuation in 2022 | 740,000 |  |

| Valuation in 2023 | (3,449,290 | ) |

2,039,379 |  |

| Investment property includes £1,264,539 (2024: £1,264,539) of completed development projects and £774,840 (2024: £774,840) of assets under construction.

6. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 491,583 |  |

7. | RELATED PARTY DISCLOSURES

| During the year, Flower & Hayes Limited charged the company £8,800 (2024: £24,800) for management charges. There was no balance payable to Flower & Hayes Limited at the year end (2024: £nil).

| In addition, included in other debtors is a balance owed by Flower & Hayes Limited amounting to £416,755 (2024: £420,040).

| Flower & Hayes Limited is a wholly owned subsidiary of St Juliens Limited and St Juliens Limited is under control of R B Thorner. R B Thorner is a trustee of one of the three trusts, which control the company.

8. | ULTIMATE CONTROLLING PARTY

| The company is under the control of three trusts being;

| Trustees of the G D Thorner Grandchildren Settlement 1984.

| Trustees of the Thorner Family Trust.

| Trustees of the R B Thorner 1997 Settlement.

| The three trusts combined own 100% of the issues share capital of the company.