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REGISTERED NUMBER: 08925817 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

SNG PROPERTIES LIMITED

SNG PROPERTIES LIMITED (Registered number: 08925817)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SNG PROPERTIES LIMITED

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | M Kaur

| P Singh

| SECRETARY: | M Kaur

| REGISTERED OFFICE: | Unit D1, Tamian Way

| Hounslow

| London

| TW4 6BL

| REGISTERED NUMBER: | 08925817 (England and Wales)

| ACCOUNTANTS: | Euro Ashfords (UK) Ltd

| 2nd Floor,

| 39 Ludgate hill

| London

| EC4M 7JN

SNG PROPERTIES LIMITED (Registered number: 08925817)

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 14,298,138 |  | 13,273,444 |  |

CURRENT ASSETS

Debtors | 5 | 450,926 |  | 302,840 |  |

Cash at bank | 8,739 |  | 1,088 |  |

459,665 |  | 303,928 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,243,484 |  | 5,929,339 |  |

NET CURRENT LIABILITIES | (5,783,819 | ) | (5,625,411 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,514,319 |  | 7,648,033 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (1,302,116 | ) | (1,334,005 | ) |

PROVISIONS FOR LIABILITIES | 8 | (1,136,766 | ) | (1,107,926 | ) |

NET ASSETS | 6,075,437 |  | 5,206,102 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 9 | 3,410,298 |  | 3,323,779 |  |

Retained earnings | 2,665,039 |  | 1,882,223 |  |

SHAREHOLDERS' FUNDS | 6,075,437 |  | 5,206,102 |  |

SNG PROPERTIES LIMITED (Registered number: 08925817)

Balance Sheet - continued

31 May 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 11 February 2026 and were signed on its behalf by:

M Kaur - Director

P Singh - Director

SNG PROPERTIES LIMITED (Registered number: 08925817)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| SNG 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.

| 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 properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise.

| 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. No depreciation is provided.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

SNG PROPERTIES LIMITED (Registered number: 08925817)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024 | 13,273,444 |  |

| Additions | 909,335 |  |

| Revaluations | 115,359 |  |

| At 31 May 2025 | 14,298,138 |  |

| NET BOOK VALUE

| At 31 May 2025 | 14,298,138 |  |

| At 31 May 2024 | 13,273,444 |  |

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2022 | 8,298,295 |  |

| Valuation in 2023 | 3,331,705 |  |

| Valuation in 2024 | 1,643,444 |  |

| Valuation in 2025 | 1,024,694 |  |

14,298,138 |  |

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

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Cost | 9,288,279 |  | 8,841,739 |  |

| Investment property was valued on an open market basis on 31 May 2025 by the director. .

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

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Trade debtors | 148,400 |  | 4,400 |  |

| Amounts owed by participating interests | 170,789 |  | 170,789 |  |

| Other debtors | 131,737 |  | 127,651 |  |

450,926 |  | 302,840 |  |

SNG PROPERTIES LIMITED (Registered number: 08925817)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

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

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Bank loans and overdrafts | 76,666 |  | 76,666 |  |

| Payments on account | 20,253 |  | 20,253 |  |

| Trade creditors | 308,463 |  | 256,992 |  |

| Amounts owed to participating interests | 5,411,203 |  | 5,211,203 |  |

| Taxation and social security | 293,362 |  | 212,574 |  |

| Other creditors | 133,537 |  | 151,651 |  |

6,243,484 |  | 5,929,339 |  |

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

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Bank loans | 908,028 |  | 939,916 |  |

| Other creditors | 394,088 |  | 394,089 |  |

1,302,116 |  | 1,334,005 |  |

8. | PROVISIONS FOR LIABILITIES

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Deferred tax | 1,136,766 |  | 1,107,926 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 1,107,926 |  |

| Provided during year | 28,840 |  |

| Balance at 31 May 2025 | 1,136,766 |  |

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 June 2024 | 3,323,779 |  |

| Fair value reserves | 86,519 |  |

| At 31 May 2025 | 3,410,298 |  |

SNG PROPERTIES LIMITED (Registered number: 08925817)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| P Singh

| Balance outstanding at start of year | (148,051 | ) | (534,358 | ) |

| Amounts advanced | 19,914 |  | 386,307 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (128,137 | ) | (148,051 | ) |

11. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company had outstanding balances with related parties as shown below. These balances arose in the normal course of business, are unsecured, interest-free and repayable on demand unless otherwise stated.

|  | Owed by / (to (£ | ) | Owed by / (to (£ | ) |

| Related party |  | Relationship |  | 2025 |  | 2024 |  |

| Sunny Bedroom & Kitchens Limited |  | A company in which a director of the company, Ms Manjit Kaur, is also a director and shareholder |  | (5,411,203 | ) | (5,211,203 | ) |

| Samundra Properties Limited |  | A company in which a director of the company, Mr Pakhar Singh, is also a director and shareholder |  | 170,789 |  | 170,789 |  |

12. | ULTIMATE CONTROLLING PARTY

| The company is jointly controlled by two directors Mr Pakhar Singh Dayal & Mrs Manjit Kaur, each holding

| 50% of the issued share capital. There is no ultimate controlling party.

13. | POST BALANCE SHEET EVENTS

| Subsequent to the year end, the company refinanced its bank borrowings.

| Existing secured loans with National Westminster Bank PLC were repaid in July and August 2025, and new facilities were entered into with Lloyds Bank PLC, secured by legal charges over the company’s properties.

| This event does not affect the financial position of the company at 31 May 2025.