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REGISTERED NUMBER: 10484661 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Forbes Land and Property Limited

Forbes Land and Property Limited (Registered number: 10484661)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Report of the Accountants | 8 |

Forbes Land and Property Limited

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | H Forbes

| K S Forbes

| REGISTERED OFFICE: | 31 Rock Hill

| Bromsgrove

| Worcestershire

| B61 7LL

| REGISTERED NUMBER: | 10484661 (England and Wales)

| ACCOUNTANTS: | ABS Associates

| Coolings Farm

| Long Drove

| Walcott Fen

| Lincolnshire

| LN4 4BQ

Forbes Land and Property Limited (Registered number: 10484661)

Abridged Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 314 |  | - |  |

Investment property | 5 | 460,000 |  | 435,000 |  |

460,314 |  | 435,000 |  |

CURRENT ASSETS

Debtors | 1,672 |  | 1,721 |  |

Cash at bank and in hand | 5,928 |  | 1,171 |  |

7,600 |  | 2,892 |  |

CREDITORS

Amounts falling due within one year | 60,082 |  | 63,612 |  |

NET CURRENT LIABILITIES | (52,482 | ) | (60,720 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 407,832 |  | 374,280 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (219,171 | ) | (219,171 | ) |

PROVISIONS FOR LIABILITIES | (32,323 | ) | (27,573 | ) |

NET ASSETS | 156,338 |  | 127,536 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Fair value reserve | 8 | 137,799 |  | 117,549 |  |

Retained earnings | 18,537 |  | 9,985 |  |

SHAREHOLDERS' FUNDS | 156,338 |  | 127,536 |  |

Forbes Land and Property Limited (Registered number: 10484661)

Abridged Balance Sheet - continued

30 November 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 January 2026 and were signed on its behalf by:

H Forbes - Director

K S Forbes - Director

Forbes Land and Property Limited (Registered number: 10484661)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Forbes Land and Property 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.

| 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.

| Computer equipment | - | 20% on cost

| Investment property

| In accordance with Financial Reporting Standard 102 Section 1a, investment property is included at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided, which is a departure from the Companies Act 2005, but is required to provide a true and fair view. The directors undertake an annual review of valuations and seek independent professional valuations once every five years.

| 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.

Forbes Land and Property Limited (Registered number: 10484661)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Rental income

| Rental income arising from investment properties is accounted for on a straight line basis over the lease term.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| Additions | 392 |  |

| At 30 November 2025 | 392 |  |

| DEPRECIATION

| Charge for year | 78 |  |

| At 30 November 2025 | 78 |  |

| NET BOOK VALUE

| At 30 November 2025 | 314 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2024 | 435,000 |  |

| Revaluations | 25,000 |  |

| At 30 November 2025 | 460,000 |  |

| NET BOOK VALUE

| At 30 November 2025 | 460,000 |  |

| At 30 November 2024 | 435,000 |  |

Forbes Land and Property Limited (Registered number: 10484661)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 30 November 2025 is represented by:

£ |

| Valuation in 2018 | 17,250 |  |

| Valuation in 2019 | 22,873 |  |

| Valuation in 2020 | 15,000 |  |

| Valuation in 2021 | 20,000 |  |

| Valuation in 2022 | 25,000 |  |

| Valuation in 2024 | 45,000 |  |

| Valuation in 2025 | 25,000 |  |

| Cost | 289,877 |  |

460,000 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Cost | 289,877 |  | 289,877 |  |

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

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

| 30.11.25 |  | 30.11.24

£ | £ |

| Repayable otherwise than by instalments

| Mortgage loans over 5 years | 219,171 |  | 219,171 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.11.25 |  | 30.11.24

£ | £ |

| Mortgage | 219,171 |  | 219,171 |  |

| The following charges are held over the company :

| 1. Kent Reliance Banking Services hold a charge over the freehold property 75 Lyttleton Avenue, Bromsgrove, B60 3LH.

| 2. Paragon Bank Limited hold a charge over freehold property at Norrington Road, Birmingham, B31 5PH.

| The directors' have also provided personal guarantees to the above lenders.

Forbes Land and Property Limited (Registered number: 10484661)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

8. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 December 2024 | 117,549 |  |

| Deferred tax on fair value | (4,750 | ) |

| Restatement to fair value | 25,000 |  |

| At 30 November 2025 | 137,799 |  |

9. | CONTINGENT LIABILITIES

| There were no known material contingent liabilities at the year end.

10. | POST BALANCE SHEET EVENTS

| There were no known material post balance sheet events.

Forbes Land and Property Limited

Report of the Accountants to the Directors of

Forbes Land and Property 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 Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

ABS Associates

Coolings Farm

Long Drove

Walcott Fen

Lincolnshire

LN4 4BQ

28 January 2026