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REGISTERED NUMBER: 10087623

| NOUSHI LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

NOUSHI LIMITED (REGISTERED NUMBER: 10087623)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

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

NOUSHI LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Ms E Read

| REGISTERED OFFICE: | C/O 811 High Road

| North Finchley

| London

| N12 8JT

| REGISTERED NUMBER: | 10087623

| ACCOUNTANTS: | Duncan & Toplis Limited

| 3rd Floor

| Marlborough House

| 298 Regents Park Road

| Finchley

| London

| N3 2SZ

NOUSHI LIMITED (REGISTERED NUMBER: 10087623)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,450,000 |  | 1,450,000 |  |

CURRENT ASSETS

Debtors | 6 | 4,004 |  | 4,207 |  |

Cash at bank | 103,211 |  | 55,518 |  |

107,215 |  | 59,725 |  |

CREDITORS

Amounts falling due within one year | 7 | 17,201 |  | 18,728 |  |

NET CURRENT ASSETS | 90,014 |  | 40,997 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,540,014 |  | 1,490,997 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 1,130,455 |  | 1,130,455 |  |

NET ASSETS | 409,559 |  | 360,542 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 10 | 409,558 |  | 360,541 |  |

SHAREHOLDERS' FUNDS | 409,559 |  | 360,542 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 23 December 2025 and were signed by:

Ms E Read - Director

NOUSHI LIMITED (REGISTERED NUMBER: 10087623)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | GENERAL INFORMATION

| The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 811 High Road, North Finchley, London, N12 8JT.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

| The financial statements are prepared in sterling, which is the functional currency of the entity. The figures are rounded to the nearest pound.

| Turnover

| Turnover represents rents receivable from the letting of the company's investment properties and is recognised evenly over the terms of the leases.

| Tangible fixed assets

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

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Investment property

| Investment property is measured initially at cost, which included purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

| Impairment

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

NOUSHI LIMITED (REGISTERED NUMBER: 10087623)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

| Land and

| buildings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,450,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,450,000 |  |

| At 31 March 2024 | 1,450,000 |  |

| Investment property

| Included within the above is investment property measured at fair value as follows:

| £ |  |

| At 1 April 2023 and 31 March 2024 |  |  | 1,450,000 |  |

| The investment property is shown at its fair value as advised by the director.

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

2025 | 2024 |

£ | £ |

| Other debtors | 4,004 |  | 4,207 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 12,622 |  | 11,946 |  |

| Other creditors | 4,579 |  | 6,782 |  |

17,201 |  | 18,728 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 1,130,455 |  | 1,130,455 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1 | Ordinary shares | 1 | 1 |  | 1 |  |

10. | RESERVES

| Included in the retained earnings of £409,558 (2024: £360,541) are non-distributable reserves of £19,545 (2024: £19,545) representing cumulative revaluations to investment property. Distributable reserves as at 31 March 2025 are therefore £390,013 (2024: £340,996).

NOUSHI LIMITED (REGISTERED NUMBER: 10087623)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | RELATED PARTY DISCLOSURES

| Included in creditors due after one year is a loan of £1,130,455 (2024: £1,130,455). This loan is due 50:50 to the shareholder and a close family relative of the shareholder. The loan is interest free and repayable 6 months from demand.