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REGISTERED NUMBER: 12463497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CAGLAR PROPERTIES LIMITED

CAGLAR PROPERTIES LIMITED (REGISTERED NUMBER: 12463497)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 7 |

CAGLAR PROPERTIES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTOR: | N Kanik

| REGISTERED OFFICE: | 28 Wilton Road

| Bexhill on Sea

| East Sussex

| TN40 1EZ

| REGISTERED NUMBER: | 12463497 (England and Wales)

| ACCOUNTANTS: | Ashdown Hurrey

| Chartered Accountants & Business Advisers

| 28 Wilton Road

| Bexhill on Sea

| East Sussex

| TN40 1EZ

CAGLAR PROPERTIES LIMITED (REGISTERED NUMBER: 12463497)

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 11,279 |  | 15,038 |  |

Investment property | 5 | 3,000,000 |  | 2,472,953 |  |

3,011,279 |  | 2,487,991 |  |

CURRENT ASSETS

Debtors | 6 | - |  | 1,236 |  |

Cash at bank | 41,190 |  | 9,818 |  |

41,190 |  | 11,054 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,438,273 |  | 1,257,692 |  |

NET CURRENT LIABILITIES | (1,397,083 | ) | (1,246,638 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,614,196 |  | 1,241,353 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (689,300 | ) | (963,696 | ) |

PROVISIONS FOR LIABILITIES | (134,582 | ) | (3,609 | ) |

NET ASSETS | 790,314 |  | 274,048 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 790,214 |  | 273,948 |  |

790,314 |  | 274,048 |  |

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 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.

CAGLAR PROPERTIES LIMITED (REGISTERED NUMBER: 12463497)

BALANCE SHEET - continued

28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

N Kanik - Director

CAGLAR PROPERTIES LIMITED (REGISTERED NUMBER: 12463497)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Caglar Properties 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.

| In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

| On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

| Turnover

| Turnover represents net invoiced rents received excluding value added tax. Turnover is recognised when the company obtains the right to consideration.

| Tangible fixed assets

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

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

| 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.

| There is no depreciation or amortisation provided in respect of investment property. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the director, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included in the financial statements at their fair value.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CAGLAR PROPERTIES LIMITED (REGISTERED NUMBER: 12463497)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 35,647 |  |

| DEPRECIATION

| At 1 March 2024 | 20,609 |  |

| Charge for year | 3,759 |  |

| At 28 February 2025 | 24,368 |  |

| NET BOOK VALUE

| At 28 February 2025 | 11,279 |  |

| At 29 February 2024 | 15,038 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 2,472,953 |  |

| Revaluations | 527,047 |  |

| At 28 February 2025 | 3,000,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 3,000,000 |  |

| At 29 February 2024 | 2,472,953 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2025 | 527,048 |  |

| Cost | 2,472,952 |  |

3,000,000 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Cost | 2,472,952 |  | 2,472,952 |  |

| Investment property was valued on an open market basis on 28 February 2025 by the director .

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Prepayments | - |  | 1,236 |  |

CAGLAR PROPERTIES LIMITED (REGISTERED NUMBER: 12463497)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and overdrafts | 9,325 |  | - |  |

| Trade creditors | 2,800 |  | 3,300 |  |

| Tax | 41,305 |  | 37,677 |  |

| VAT | 15,434 |  | 8,131 |  |

| Other creditors | 182,700 |  | 166,200 |  |

| Directors' current accounts | 1,185,634 |  | 1,040,935 |  |

| Accrued expenses | 1,075 |  | 1,449 |  |

1,438,273 |  | 1,257,692 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans - 1-2 years | 9,325 |  | - |  |

| Bank loans - 2-5 years | 27,975 |  | - |  |

| Bank loans more 5 yr by instal | 652,000 |  | - |  |

| Bank loans more 5 yrs non-inst | - |  | 963,696 |  |

689,300 |  | 963,696 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | - |  | 963,696 |  |

| Repayable by instalments

| Bank loans more 5 yr by instal | 652,000 |  | - |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts due | 700,000 |  | 963,696 |  |

| There is a charge over the freehold land being 82, 84, 86 and 88 Week Street, Maidstone.

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| As at the balance sheet date, the company owed the director £1,185,634. There are no terms attached and the loan is repayable on demand.

11. | RELATED PARTY DISCLOSURES

| Included within other creditors is an amount of £164,500 that is owed to Tender Grill Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CAGLAR PROPERTIES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Caglar Properties Limited for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Caglar Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Caglar Properties Limited and state those matters that we have agreed to state to the director of Caglar Properties Limited in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Caglar Properties Limited and its director for our work or for this report.

It is your duty to ensure that Caglar Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Caglar Properties Limited. You consider that Caglar Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Caglar Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

23 December 2025