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REGISTERED NUMBER: 10835212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

HGM PROPERTY LIMITED

| HGM PROPERTY LIMITED (REGISTERED NUMBER: 10835212) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HGM PROPERTY LIMITED |

COMPANY INFORMATION

For The Year Ended 30 June 2025

| DIRECTORS: | Mr Ryan Hunter

| Mr Craig Marsden

| Mr Lee Green

| REGISTERED OFFICE: | 15 Mill Way

| Scalby

| Scarborough

| North Yorkshire

| YO13 0BG

| REGISTERED NUMBER: | 10835212 (England and Wales)

| ACCOUNTANTS: | Fortus Limited

| Business Advisors & Accountants

| 5&6 Manor Court

| Manor Garth

| Scarborough

| North Yorkshire

| YO11 3TU

| HGM PROPERTY LIMITED (REGISTERED NUMBER: 10835212) |

BALANCE SHEET

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 415 |  | 518 |  |

Investment property | 5 | 1,065,000 |  | 820,000 |  |

1,065,415 |  | 820,518 |  |

CURRENT ASSETS

Cash at bank | 37,995 |  | 7,420 |  |

CREDITORS

Amounts falling due within one year | 6 | 139,702 |  | 171,235 |  |

NET CURRENT LIABILITIES | (101,707 | ) | (163,815 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 963,708 |  | 656,703 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (654,211 | ) | (409,068 | ) |

PROVISIONS FOR LIABILITIES | (88,506 | ) | (65,447 | ) |

NET ASSETS | 220,991 |  | 182,188 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Fair value reserve | 295,799 |  | 229,963 |  |

Retained earnings | (74,809 | ) | (47,776 | ) |

SHAREHOLDERS' FUNDS | 220,991 |  | 182,188 |  |

| HGM PROPERTY LIMITED (REGISTERED NUMBER: 10835212) |

BALANCE SHEET - continued

30 June 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account 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:

Mr Craig Marsden - Director

| HGM PROPERTY LIMITED (REGISTERED NUMBER: 10835212) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| HGM 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The level of rounding used in the financial statements is to the nearest £1.

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

| The turnover shown in the profit and loss account represents the total invoice value of rents receivable during the year. Rental income is recognised in the profit and loss account in the period to which the rents relate.

| Tangible fixed assets

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

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

| Investment property

| Investment properties are properties held to earn rentals or for capital appreciation or both.

| 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 the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| HGM PROPERTY LIMITED (REGISTERED NUMBER: 10835212) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 June 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 1,300 |  |

| DEPRECIATION

| At 1 July 2024 | 782 |  |

| Charge for year | 103 |  |

| At 30 June 2025 | 885 |  |

| NET BOOK VALUE

| At 30 June 2025 | 415 |  |

| At 30 June 2024 | 518 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 820,000 |  |

| Additions | 163,721 |  |

| Revaluations | 81,279 |  |

| At 30 June 2025 | 1,065,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,065,000 |  |

| At 30 June 2024 | 820,000 |  |

| HGM PROPERTY LIMITED (REGISTERED NUMBER: 10835212) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 June 2025

5. | INVESTMENT PROPERTY - continued

| Investment properties included at fair value would have been included on a historical cost basis at:

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Cost |  | 757,532 |  |  | 505,695 |  |

| The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

| The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements.

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,239 |  | 4,618 |  |

| Other creditors | 134,463 |  | 166,617 |  |

139,702 |  | 171,235 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 654,211 |  | 409,068 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans falling due after

| more than five years | 654,211 |  | 398,013 |  |

654,211 |  | 398,013 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 659,450 |  | 413,686 |  |

| The bank borrowings included in creditors due after one year are secured by a first charge over the freehold investment property and personal guarantees by the directors.

9. | RELATED PARTY DISCLOSURES

| Other related party transactions

| The bank borrowings are, in part, secured by personal guarantees from the directors.