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REGISTERED NUMBER: 09533675 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2025 |

| FOR |

| HONEST POLITICIAN LIMITED |

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Statement of Financial Position | 1 |

| Notes to the Financial Statements | 3 |

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1 |  | 1 |  |

Property, plant and equipment | 5 | 1,174,382 |  | 1,178,474 |  |

1,174,383 |  | 1,178,475 |  |

CURRENT ASSETS

Inventories | 13,979 |  | 27,169 |  |

Debtors | 6 | 292,561 |  | 94,339 |  |

Cash at bank | 23,781 |  | 37,621 |  |

330,321 |  | 159,129 |  |

CREDITORS

Amounts falling due within one year | 7 | (497,528 | ) | (488,706 | ) |

NET CURRENT LIABILITIES | (167,207 | ) | (329,577 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,007,176 |  | 848,898 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (474,673 | ) | (511,669 | ) |

PROVISIONS FOR LIABILITIES | 10 | (5,798 | ) | (6,821 | ) |

NET ASSETS | 526,705 |  | 330,408 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 526,605 |  | 330,308 |  |

526,705 |  | 330,408 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

STATEMENT OF FINANCIAL POSITION - continued

30 APRIL 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 Board of Directors and authorised for issue on 30 January 2026 and were signed on its behalf by:

Mr J D Collis - Director

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Honest Politician Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 09533675

| Registered office: | 1 Kings Avenue

| London

| N21 3NA

| 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.

| Significant judgements and estimates

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

| There are no significant judgements or estimates involved in the preparation of the financial statements.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Property, plant and equipment

| Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

| The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

| Fixtures and fittings - 15% on reducing balance

| The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

| Inventories

| Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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 material 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.

| Cash and cash equivalent

| Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2024 - 24 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 1 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1 |  |

| At 30 April 2024 | 1 |  |

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024

| and 30 April 2025 | 1,151,190 |  | 50,784 |  | 1,201,974 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 23,500 |  | 23,500 |  |

| Charge for year | - |  | 4,092 |  | 4,092 |  |

| At 30 April 2025 | - |  | 27,592 |  | 27,592 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,151,190 |  | 23,192 |  | 1,174,382 |  |

| At 30 April 2024 | 1,151,190 |  | 27,284 |  | 1,178,474 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 3,731 |  |

| Amounts owed by group undertakings | 235,040 |  | 83,926 |  |

| Other debtors | 57,521 |  | 6,682 |  |

292,561 |  | 94,339 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 34,246 |  | 34,246 |  |

| Trade creditors | 74,465 |  | 21,146 |  |

| Amounts owed to group undertakings | 196,402 |  | 190,910 |  |

| Taxation and social security | 176,363 |  | 189,882 |  |

| Other creditors | 16,052 |  | 52,522 |  |

497,528 |  | 488,706 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 474,673 |  | 511,669 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 210,068 |  | 227,357 |  |

HONEST POLITICIAN LIMITED (REGISTERED NUMBER: 09533675) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 508,919 |  | 545,915 |  |

| Bank loan is secured by way of fixed and floating charge on the properties of the company and contains a negative pledge.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 5,798 |  | 6,821 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 6,821 |  |

| Provided during year | (1,023 | ) |

| Balance at 30 April 2025 | 5,798 |  |

11. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Included in other debtors is an amount of £40,579 (2024: £34,645 due to) due from connected companies with common directorship. The loans were interest-free and recoverable on demand.