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REGISTERED NUMBER: OC447834 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 September 2025 |

| for |

| The Horse and Groom (Mercatoria) LLP |

The Horse and Groom (Mercatoria) LLP (Registered number: OC447834)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

The Horse and Groom (Mercatoria) LLP

General Information

for the Year Ended 30 September 2025

| DESIGNATED MEMBERS: | A D Pink

| Millglade Holdings Limited

| REGISTERED OFFICE: | 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

| REGISTERED NUMBER: | OC447834 (England and Wales)

| ACCOUNTANTS: | APT

| 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

The Horse and Groom (Mercatoria) LLP (Registered number: OC447834)

Balance Sheet

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,210,797 |  | 1,202,464 |  |

CURRENT ASSETS

Stocks | 7,806 |  | 7,282 |  |

Debtors | 5 | 17,004 |  | 4,852 |  |

Cash at bank and in hand | 51,213 |  | 62,894 |  |

76,023 |  | 75,028 |  |

CREDITORS

Amounts falling due within one year | 6 | 27,024 |  | 17,696 |  |

NET CURRENT ASSETS | 48,999 |  | 57,332 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,259,796 |  | 1,259,796 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 16 |  | 16 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 1,259,780 |  | 1,259,780 |  |

1,259,796 |  | 1,259,796 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 7 | 16 |  | 16 |  |

Members' other interests | 1,259,780 |  | 1,259,780 |  |

Amounts due from members | 5 | (12,059 | ) | - |  |

1,247,737 |  | 1,259,796 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The Horse and Groom (Mercatoria) LLP (Registered number: OC447834)

Balance Sheet - continued

30 September 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15 January 2026 and were signed by:

A D Pink - Designated member

The Horse and Groom (Mercatoria) LLP (Registered number: OC447834)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| The Horse and Groom (Mercatoria) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

| Going concern

| After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed. Where amounts are received in advance the recognition is deferred until such a time that the above conditions have been met.

| Other income

| Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Rental income is recognised on an accruals basis in accordance with the substance of the relevant agreement net of VAT.

| Tangible fixed assets

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

| Plant and machinery etc | - | 10% on cost and 2% on cost

| Depreciation of £nil has been charged on the land and buildings held by the LLP as the members consider that the carrying book value is at least equal to the fair value.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The Horse and Groom (Mercatoria) LLP (Registered number: OC447834)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost, using the effective interest rate method.

| Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

| The LLP contributes to pension schemes of personnel and the pension charge represents the amounts payable by the company to the funds in respect of the year.

| Provision for liabilities

| Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 8 (2024 - 8 ) .

The Horse and Groom (Mercatoria) LLP (Registered number: OC447834)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 1,187,097 |  | 16,933 |  | 1,204,030 |  |

| Additions | - |  | 10,648 |  | 10,648 |  |

| At 30 September 2025 | 1,187,097 |  | 27,581 |  | 1,214,678 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 1,566 |  | 1,566 |  |

| Charge for year | - |  | 2,315 |  | 2,315 |  |

| At 30 September 2025 | - |  | 3,881 |  | 3,881 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,187,097 |  | 23,700 |  | 1,210,797 |  |

| At 30 September 2024 | 1,187,097 |  | 15,367 |  | 1,202,464 |  |

| Depreciation of £nil has been charged on the land & buildings as the members consider that the carrying value is at least equal to the fair value.

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Other debtors | 17,004 |  | 4,852 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade creditors | 10,894 |  | 3,335 |  |

| Taxation and social security | 13,124 |  | 11,567 |  |

| Other creditors | 3,006 |  | 2,794 |  |

27,024 |  | 17,696 |  |

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally to other creditors.