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REGISTERED NUMBER: 13437124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

RUBEN PROPERTIES LTD

| RUBEN PROPERTIES LTD (REGISTERED NUMBER: 13437124) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| RUBEN PROPERTIES LTD |

COMPANY INFORMATION

for the Year Ended 28 February 2025

| DIRECTORS: | R Ghaderi

| A H Osman

| SECRETARY: | R Ghaderi

| REGISTERED OFFICE: | Langley House

| 53 Theobald Street

| Borehamwood

| WD6 4RT

| REGISTERED NUMBER: | 13437124 (England and Wales)

| ACCOUNTANTS: | Accura Accountants Ltd

| Langley House

| 53 Theobald Street

| Borehamwood

| WD6 4RT

| RUBEN PROPERTIES LTD (REGISTERED NUMBER: 13437124) |

STATEMENT OF FINANCIAL POSITION

28 February 2025

| 28.2.25 | 28.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 478,900 |  | 478,900 |  |

CURRENT ASSETS

Cash at bank and in hand | 52 |  | 114 |  |

CREDITORS

Amounts falling due within one year | 5 | 226,656 |  | 181,874 |  |

NET CURRENT LIABILITIES | (226,604 | ) | (181,760 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 252,296 |  | 297,140 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 318,497 |  | 309,318 |  |

NET LIABILITIES | (66,201 | ) | (12,178 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (66,301 | ) | (12,278 | ) |

(66,201 | ) | (12,178 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 17 February 2026 and were signed on its behalf by:

R Ghaderi - Director

| RUBEN PROPERTIES LTD (REGISTERED NUMBER: 13437124) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Ruben Properties Ltd 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.

| The financial statements have been prepared on the going concern basis. The Statement of Financial Position shows net liabilities, the director is of the opinion that the shareholders will continue to support it and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

| Investment property

| 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.

| This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

| The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| 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.

| RUBEN PROPERTIES LTD (REGISTERED NUMBER: 13437124) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 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 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 29 February 2024

| and 28 February 2025 | 478,900 |  |

| NET BOOK VALUE

| At 28 February 2025 | 478,900 |  |

| At 28 February 2024 | 478,900 |  |

| In the opinion of the directors, there are no material movements between the market value at the balance sheet date and the cost paid at 20 December 2023.

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

| 28.2.25 |  | 28.2.24

£ | £ |

| Trade creditors | 622 |  | - |  |

| Other creditors | 226,034 |  | 181,874 |  |

226,656 |  | 181,874 |  |

| Included within other creditors are accrued expenses of £3,000 (2024: £1,800).

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

| 28.2.25 |  | 28.2.24

£ | £ |

| Bank loans | 318,497 |  | 309,318 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 318,497 |  | 309,318 |  |

| RUBEN PROPERTIES LTD (REGISTERED NUMBER: 13437124) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.25 |  | 28.2.24

£ | £ |

| Bank loan | 318,497 |  | 309,318 |  |

| Bank loans are secured against company's investment property.