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REGISTERED NUMBER: 13503599 (England and Wales)

| Unaudited Financial Statements |

| For The Year Ended 30 April 2025 |

| for |

| The Lakes Development Rushden Limited |

| The Lakes Development Rushden Limited (Registered number: 13503599) |

Contents of the Financial Statements

For The Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| The Lakes Development Rushden Limited |

Company Information

For The Year Ended 30 April 2025

| DIRECTOR: | D Haines

| REGISTERED OFFICE: | Ditchford Mill

| Ditchford Road

| Wellingborough

| Northamptonshire

| NN8 1RL

| REGISTERED NUMBER: | 13503599 (England and Wales)

| ACCOUNTANTS: | TC Bromhead Limited

| Harscombe House

| 1 Darklake View

| Plymouth

| Devon

| PL6 7TL

| The Lakes Development Rushden Limited (Registered number: 13503599) |

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 352,147 |  | 58,594 |  |

Investment property | 5 | 4,000,000 |  | 2,500,000 |  |

4,352,147 |  | 2,558,594 |  |

CURRENT ASSETS

Debtors | 6 | 63,695 |  | 43,091 |  |

Cash at bank | 9,319 |  | 12,599 |  |

73,014 |  | 55,690 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,355,119 |  | 977,015 |  |

NET CURRENT LIABILITIES | (3,282,105 | ) | (921,325 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,070,042 |  | 1,637,269 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (39,409 | ) | (40,092 | ) |

PROVISIONS FOR LIABILITIES | (474,284 | ) | (286,725 | ) |

NET ASSETS | 556,349 |  | 1,310,452 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 556,249 |  | 1,310,352 |  |

556,349 |  | 1,310,452 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Lakes Development Rushden Limited (Registered number: 13503599) |

Balance Sheet - continued

30 April 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 director and authorised for issue on 10 September 2025 and were signed by:

D Haines - Director

| The Lakes Development Rushden Limited (Registered number: 13503599) |

Notes to the Financial Statements

For The Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| The Lakes Development Rushden 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 as modified by the revaluation of certain assets.

| The financial statements have been prepared on a going concern basis not withstanding that at 30 April 2024 the company had net current liabilities of £921,326. The directors believe this basis to be appropriate and have agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

| Investment property

| Investment property is shown at fair value at the year end. 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| The Lakes Development Rushden Limited (Registered number: 13503599) |

Notes to the Financial Statements - continued

For The Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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 4 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024 | 62,500 |  |

| Additions | 369,843 |  |

| At 30 April 2025 | 432,343 |  |

| DEPRECIATION

| At 1 May 2024 | 3,906 |  |

| Charge for year | 76,290 |  |

| At 30 April 2025 | 80,196 |  |

| NET BOOK VALUE

| At 30 April 2025 | 352,147 |  |

| At 30 April 2024 | 58,594 |  |

| Fixed assets, included in the above, which are held under finance leases are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024 | 62,500 |  |

| Additions | 268,602 |  |

| At 30 April 2025 | 331,102 |  |

| DEPRECIATION

| At 1 May 2024 | 3,906 |  |

| Charge for year | 59,416 |  |

| At 30 April 2025 | 63,322 |  |

| NET BOOK VALUE

| At 30 April 2025 | 267,780 |  |

| At 30 April 2024 | 58,594 |  |

| The Lakes Development Rushden Limited (Registered number: 13503599) |

Notes to the Financial Statements - continued

For The Year Ended 30 April 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 2,500,000 |  |

| Additions | 1,989,113 |  |

| Revaluations | (489,113 | ) |

| At 30 April 2025 | 4,000,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 4,000,000 |  |

| At 30 April 2024 | 2,500,000 |  |

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2024 | 2,325,940 |  |

| Cost | 1,674,060 |  |

4,000,000 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Cost | 1,674,060 |  | 947,197 |  |

| Investment property was valued on an open market basis on 30 April 2025 by the directors .

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 49,346 |  | 432 |  |

| Other debtors | 14,349 |  | 42,659 |  |

63,695 |  | 43,091 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | 374,792 |  | - |  |

| Finance leases | 81,357 |  | 26,250 |  |

| Trade creditors | 275,276 |  | 27,258 |  |

| Taxation and social security | 76,776 |  | - |  |

| Other creditors | 2,546,918 |  | 923,507 |  |

3,355,119 |  | 977,015 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Finance leases | 39,409 |  | 40,092 |  |

9. | RELATED PARTY DISCLOSURES

| All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.