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REGISTERED NUMBER: 07338556 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| NORTHWOOD DULWICH LIMITED |

NORTHWOOD DULWICH LIMITED (REGISTERED NUMBER: 07338556) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| NORTHWOOD DULWICH LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Mr S L Williams Junior

| Mrs J N Williams

| REGISTERED OFFICE: | 493 Northwood Road

| London

| England

| SE27 9DJ

| REGISTERED NUMBER: | 07338556 (England and Wales)

| ACCOUNTANTS: | AGK Partners

| Chartered Accountants

| 1 Kings Avenue

| Winchmore Hill

| London

| N21 3NA

NORTHWOOD DULWICH LIMITED (REGISTERED NUMBER: 07338556) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 357,550 |  | 417,825 |  |

Property, plant and equipment | 5 | 24,864 |  | 30,647 |  |

Investments | 6 | 829,813 |  | 829,813 |  |

1,212,227 |  | 1,278,285 |  |

CURRENT ASSETS

Debtors | 7 | 87,760 |  | 102,909 |  |

Cash at bank | 147,399 |  | 86,472 |  |

235,159 |  | 189,381 |  |

CREDITORS

Amounts falling due within one year | 8 | 822,445 |  | 678,763 |  |

NET CURRENT LIABILITIES | (587,286 | ) | (489,382 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 624,941 |  | 788,903 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 313,247 |  | 387,025 |  |

NET ASSETS | 311,694 |  | 401,878 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 311,594 |  | 401,778 |  |

SHAREHOLDERS' FUNDS | 311,694 |  | 401,878 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 18 December 2025 and were signed on its behalf by:

Mr S L Williams Junior - Director

NORTHWOOD DULWICH LIMITED (REGISTERED NUMBER: 07338556) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Northwood Dulwich 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 Northwood Dulwich 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 director is required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

| Turnover

| Revenue is recognised at the fair value of the consideration received or receivable for services rendered during the year in the normal course of business, and is shown net of VAT and other sales related taxes.

| Goodwill

| Goodwill, being the amount paid in connection with purchase of franchise and is being amortised evenly over 10 years.

| Property, plant and equipment

| Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

| The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

| Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

| Short Leasehold |  | - Over the life of the lease |  |

| Plant and machinery |  | - 25% on reducing balance |  |

| Fixtures and fittings |  | - 25% on reducing balance |  |

| Motor vehicles |  | - 25% on reducing balance |  |

| Computer Equipment -25% on straight line basis |

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Financial instruments

| Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

NORTHWOOD DULWICH LIMITED (REGISTERED NUMBER: 07338556) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 612,750 |  |

| AMORTISATION

| At 1 March 2024 | 194,925 |  |

| Charge for year | 60,275 |  |

| At 28 February 2025 | 255,200 |  |

| NET BOOK VALUE

| At 28 February 2025 | 357,550 |  |

| At 29 February 2024 | 417,825 |  |

NORTHWOOD DULWICH LIMITED (REGISTERED NUMBER: 07338556) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 March 2024 | 9,364 |  | 3,041 |  | 40,228 |  | 4,353 |  | 56,986 |  |

| Additions | - |  | 192 |  | 1,457 |  | 1,384 |  | 3,033 |  |

| At 28 February 2025 | 9,364 |  | 3,233 |  | 41,685 |  | 5,737 |  | 60,019 |  |

| DEPRECIATION

| At 1 March 2024 | 9,249 |  | 2,500 |  | 13,008 |  | 1,582 |  | 26,339 |  |

| Charge for year | 29 |  | 183 |  | 7,170 |  | 1,434 |  | 8,816 |  |

| At 28 February 2025 | 9,278 |  | 2,683 |  | 20,178 |  | 3,016 |  | 35,155 |  |

| NET BOOK VALUE

| At 28 February 2025 | 86 |  | 550 |  | 21,507 |  | 2,721 |  | 24,864 |  |

| At 29 February 2024 | 115 |  | 541 |  | 27,220 |  | 2,771 |  | 30,647 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 829,813 |  |

| NET BOOK VALUE

| At 28 February 2025 | 829,813 |  |

| At 29 February 2024 | 829,813 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | 87,760 |  | 102,909 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 59,908 |  | 109,189 |  |

| Amounts owed to group undertakings | 504,019 |  | 305,419 |  |

| Amounts owed to connected companies | 103,476 |  | 113,476 |  |

| Taxation and social security | 13,028 |  | 24,952 |  |

| Other creditors | 142,014 |  | 125,727 |  |

822,445 |  | 678,763 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 313,247 |  | 387,025 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 313,247 |  | 387,025 |  |

NORTHWOOD DULWICH LIMITED (REGISTERED NUMBER: 07338556) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 373,155 |  | 496,214 |  |

| Bank loan is secured by way of fixed and floating charges over the all the property or undertakings of the company and contains negative pledge.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

£ | £ |

| Mr S L Williams Junior

| Balance outstanding at start of year | 99,034 |  | 98,489 |  |

| Amounts advanced | 84,718 |  | 121,145 |  |

| Amounts repaid | (100,000 | ) | (120,600 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 83,752 |  | 99,034 |  |

| During the year, interest for £1,718 was charged at the official interest rate on the overdrawn loan balance.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Included in creditors, amounts falling due within one year, is an amount of £103,476 (2024: £113,476) owed to a connected company. The companies are connected by virtue of having a common director. The loan is interest free and repayable on demand.