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REGISTERED NUMBER: 00680197 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 November 2025 |

| for |

| Praedlands Limited |

| Praedlands Limited (Registered number: 00680197) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Praedlands Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTOR: | T P Mackworth-Praed

| REGISTERED OFFICE: | Tubee Tot Hill Lane

| Headley

| Epsom

| Surrey

| KT18 6PQ

| REGISTERED NUMBER: | 00680197 (England and Wales)

| ACCOUNTANTS: | Bullimores LLP

| Chartered Accountants

| Old Printers Yard

| 156 South Street

| Dorking

| Surrey

| RH4 2HF

| Praedlands Limited (Registered number: 00680197) |

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,442,223 |  | 3,504,714 |  |

CURRENT ASSETS

Debtors | 5 | 56 |  | 21,717 |  |

Cash at bank and in hand | 154,475 |  | 64,030 |  |

154,531 |  | 85,747 |  |

CREDITORS

Amounts falling due within one year | 6 | 17,509 |  | 12,746 |  |

NET CURRENT ASSETS | 137,022 |  | 73,001 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,579,245 |  | 3,577,715 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (11,978 | ) |

PROVISIONS FOR LIABILITIES | 8 | (762,089 | ) | (765,938 | ) |

NET ASSETS | 2,817,156 |  | 2,799,799 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 17,359 |  | 17,359 |  |

Fair value reserve | 10 | 2,008,355 |  | 2,023,750 |  |

Retained earnings | 10 | 791,442 |  | 758,690 |  |

SHAREHOLDERS' FUNDS | 2,817,156 |  | 2,799,799 |  |

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 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.

| Praedlands Limited (Registered number: 00680197) |

Balance Sheet - continued

30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2026 and were signed by:

T P Mackworth-Praed - Director

| Praedlands Limited (Registered number: 00680197) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Praedlands 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rent due for the financial period under review, net of value added tax.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost and not provided

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| With the exception of freehold land, tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. No depreciation is provided on land as it has an indefinite useful life.

| The company has taken advantage of the transitional relief under FRS102 and there was a one off revaluation of the freehold property at fair value at the date of transition.

| At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

| 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.

| Praedlands Limited (Registered number: 00680197) |

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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | Long |  | to |  | Plant and

| property |  | leasehold |  | property |  | machinery

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 December 2024 | 4,102,318 |  | 2,000 |  | 13,509 |  | 40,625 |  |

| Additions | - |  | - |  | - |  | 17,650 |  |

| Disposals | (20,000 | ) | - |  | - |  | - |  |

| At 30 November 2025 | 4,082,318 |  | 2,000 |  | 13,509 |  | 58,275 |  |

| DEPRECIATION

| At 1 December 2024 | 606,870 |  | 2,000 |  | 6,967 |  | 39,590 |  |

| Charge for year | 58,878 |  | - |  | 1,182 |  | 3,737 |  |

| Eliminated on disposal | (4,199 | ) | - |  | - |  | - |  |

| At 30 November 2025 | 661,549 |  | 2,000 |  | 8,149 |  | 43,327 |  |

| NET BOOK VALUE

| At 30 November 2025 | 3,420,769 |  | - |  | 5,360 |  | 14,948 |  |

| At 30 November 2024 | 3,495,448 |  | - |  | 6,542 |  | 1,035 |  |

| Praedlands Limited (Registered number: 00680197) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 December 2024 | 869 |  | 6,100 |  | 6,556 |  | 4,171,977 |  |

| Additions | - |  | - |  | - |  | 17,650 |  |

| Disposals | - |  | - |  | - |  | (20,000 | ) |

| At 30 November 2025 | 869 |  | 6,100 |  | 6,556 |  | 4,169,627 |  |

| DEPRECIATION

| At 1 December 2024 | 709 |  | 5,893 |  | 5,234 |  | 667,263 |  |

| Charge for year | 160 |  | 52 |  | 331 |  | 64,340 |  |

| Eliminated on disposal | - |  | - |  | - |  | (4,199 | ) |

| At 30 November 2025 | 869 |  | 5,945 |  | 5,565 |  | 727,404 |  |

| NET BOOK VALUE

| At 30 November 2025 | - |  | 155 |  | 991 |  | 3,442,223 |  |

| At 30 November 2024 | 160 |  | 207 |  | 1,322 |  | 3,504,714 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 1,135,000 (2024 - £ 1,135,000 ) which is not depreciated.

| Cost or valuation at 30 November 2025 is represented by:

| Improvements |

| Freehold |  | Long |  | to |  | Plant and

| property |  | leasehold |  | property |  | machinery

£ | £ | £ | £ |

| Valuation in 1981 | 868,688 |  | - |  | - |  | - |  |

| Valuation in 2014 | 2,945,754 |  | - |  | - |  | - |  |

| Cost | 267,876 |  | 2,000 |  | 13,509 |  | 58,275 |  |

4,082,318 |  | 2,000 |  | 13,509 |  | 58,275 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 1981 | - |  | - |  | - |  | 868,688 |  |

| Valuation in 2014 | - |  | - |  | - |  | 2,945,754 |  |

| Cost | 869 |  | 6,100 |  | 6,556 |  | 355,185 |  |

869 |  | 6,100 |  | 6,556 |  | 4,169,627 |  |

| Praedlands Limited (Registered number: 00680197) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS - continued

| Freehold land and buildings were valued on an open market basis on 1 June 2014 by T Witchell, MNAEA, White & Sons .

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Tax | - |  | 21,684 |  |

| Prepayments | 56 |  | 33 |  |

56 |  | 21,717 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts | - |  | 9,000 |  |

| Tax | 9,613 |  | - |  |

| Social security and other taxes | 3,268 |  | - |  |

| Other creditors | 1,899 |  | 1,016 |  |

| Accrued expenses | 2,729 |  | 2,730 |  |

17,509 |  | 12,746 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans 1-2 years | - |  | 9,000 |  |

| Bank loans 2-5 years | - |  | 2,978 |  |

- |  | 11,978 |  |

8. | PROVISIONS FOR LIABILITIES

| 30.11.25 |  | 30.11.24

£ | £ |

| Deferred tax | 762,089 |  | 765,938 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 765,938 |  |

| Utilised during year | (3,849 | ) |

| Balance at 30 November 2025 | 762,089 |  |

| Deferred tax is provided on the revaluation of the freehold property.

| Praedlands Limited (Registered number: 00680197) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.25 |  | 30.11.24

| value: | £ | £ |

| 17,359 | Ordinary | £1 | 17,359 |  | 17,359 |  |

10. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 December 2024 | 758,690 |  | 2,023,750 |  | 2,782,440 |  |

| Profit for the year | 32,752 |  | 32,752 |  |

| Released in the period | - |  | (15,395 | ) | (15,395 | ) |

| At 30 November 2025 | 791,442 |  | 2,008,355 |  | 2,799,797 |  |

11. | RELATED PARTY DISCLOSURES

| C Mackworth-Praed paid rent to the company of £21,552 (2024 - £21,552) during the period on an arms length basis.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is T P Mackworth-Praed.

| There was no single controlling party in the current or the prior financial year.

13. | DIRECTORS CONSIDERATION OF GOING CONCERN

| The directors have considered the basis of preparation of the financial statements in the directors report.