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REGISTERED NUMBER: 11954960 (England and Wales)

| SOUTHS PROPERTIES (LINCS) LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2025 |

SOUTHS PROPERTIES (LINCS) LIMITED (REGISTERED NUMBER: 11954960)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

Accountants' Report | 6 |

SOUTHS PROPERTIES (LINCS) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | R C South

| Mrs S A South

| SECRETARY: | Mrs S A South

| REGISTERED OFFICE: | 18 Northgate

| Sleaford

| Lincolnshire

| NG34 7BJ

| BUSINESS ADDRESS: | Priory Farm

| Thorpe Tilney

| Lincolnshire

| LN4 3SL

| REGISTERED NUMBER: | 11954960 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 18 Northgate

| Sleaford

| Lincolnshire

| NG34 7BJ

SOUTHS PROPERTIES (LINCS) LIMITED (REGISTERED NUMBER: 11954960)

STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 161,470 |  | 161,470 |  |

CURRENT ASSETS

Cash at bank | 171 |  | 255 |  |

CREDITORS

Amounts falling due within one year | 5 | 66,084 |  | 61,615 |  |

NET CURRENT LIABILITIES | (65,913 | ) | (61,360 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 95,557 |  | 100,110 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 97,762 |  | 98,438 |  |

NET (LIABILITIES)/ASSETS | (2,205 | ) | 1,672 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | (2,305 | ) | 1,572 |  |

SHAREHOLDERS' FUNDS | (2,205 | ) | 1,672 |  |

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 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 27 January 2026 and were signed on its behalf by:

R C South - Director

SOUTHS PROPERTIES (LINCS) LIMITED (REGISTERED NUMBER: 11954960)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Souths Properties (Lincs) 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.

| Turnover

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

| Investment property

| Investment property is shown at cost. Any aggregate surplus or deficit arising from changes in subsequent fair value measurement will be recognised in profit or loss.

| Financial instruments

| The company has chosen to adopt the FRS102 1A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current 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 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 statement of financial position date.

| Going concern

| Whilst the company has negative shareholder funds, the financial statements have been prepared on a going concern basis as the directors have agreed to provide sufficient finance to meet the financial needs of the company for the next twelve months. On this basis it is considered the company can successfully trade.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

SOUTHS PROPERTIES (LINCS) LIMITED (REGISTERED NUMBER: 11954960)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 161,470 |  |

| NET BOOK VALUE

| At 30 April 2025 | 161,470 |  |

| At 30 April 2024 | 161,470 |  |

| The Directors consider that the historic cost of the investment property materially reflects the fair value as at the Statement of Financial Position date.

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 2,719 |  | 3,195 |  |

| Taxation and social security | - |  | 418 |  |

| Other creditors | 63,365 |  | 58,002 |  |

66,084 |  | 61,615 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 97,762 |  | 98,438 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 86,885 |  | 85,781 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 100,481 |  | 101,633 |  |

| The company's mortgage is secured on the property to which it relates.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At 30th April 2025, an amount of £11,181 (2024 : £56,087) was owing to the directors. This amount is unsecured, interest free and repayable on demand.

SOUTHS PROPERTIES (LINCS) LIMITED (REGISTERED NUMBER: 11954960)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

10. | RELATED PARTY DISCLOSURES

| The company owes a related company South's Farming Limited £49,819 (2024: £Nil) in relation to an inter-company loan.

| The loan is interest free and repayable on demand.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

SOUTHS PROPERTIES (LINCS) LIMITED

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Souths Properties (Lincs) Limited for the year ended 30 April 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Souths Properties (Lincs) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Souths Properties (Lincs) Limited and state those matters that we have agreed to state to the Board of Directors of Souths Properties (Lincs) Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Souths Properties (Lincs) 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 loss of Souths Properties (Lincs) Limited. You consider that Souths Properties (Lincs) 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 Souths Properties (Lincs) 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.

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

23 January 2026