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REGISTERED NUMBER: 04910397 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

BOMAN TRADING LIMITED

| BOMAN TRADING LIMITED (REGISTERED NUMBER: 04910397) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| BOMAN TRADING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | P J R Hepworth

| Mrs M Hepworth

| SECRETARY: | P J R Hepworth

| REGISTERED OFFICE: | 28 St Wilfrid's Road

| Bessacarr

| DONCASTER

| DN4 6AB

| REGISTERED NUMBER: | 04910397 (England and Wales)

| BOMAN TRADING LIMITED (REGISTERED NUMBER: 04910397) |

BALANCE SHEET

31 OCTOBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 2,464,915 |  | 1,367,201 |  |

Investments | 5 | 215,567 |  | 963,021 |  |

Cash at bank | 24,889 |  | 14,674 |  |

2,705,371 |  | 2,344,896 |  |

CREDITORS

Amounts falling due within one year | 6 | 380,812 |  | 77,859 |  |

NET CURRENT ASSETS | 2,324,559 |  | 2,267,037 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,324,559 |  | 2,267,037 |  |

CAPITAL AND RESERVES

Called up share capital | 805,000 |  | 805,000 |  |

Share premium | 88,515 |  | 88,515 |  |

Capital redemption reserve | 100,000 |  | 100,000 |  |

Retained earnings | 1,331,044 |  | 1,273,522 |  |

SHAREHOLDERS' FUNDS | 2,324,559 |  | 2,267,037 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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:

P J R Hepworth - Director

| BOMAN TRADING LIMITED (REGISTERED NUMBER: 04910397) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Boman Trading 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.

| Turnover

| Turnover is the net income from trading in shares, securities and financial options.

| Interest and dividends receivable

| Interest income and dividend income is recognised when the company's right to receive payment is established.

| 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.

| Current asset investments

| The main objective of the company is the trading of securities. Current asset investments are recognised initially at fair value, which is the transaction price. As they are traded publicly their fair value is recognised through the profit and loss account as turnover. At the Balance Sheet date the investments are measured at the lower of their cost and market value.

| At 31 October 2025 the fair value of the current asset investments was £240,575 (2024 £1,005,420). This fair value movement has not been included in the profit and loss as it constitutes trading stock.

3. | EMPLOYEES AND DIRECTORS

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

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

2025 | 2024 |

£ | £ |

| Other debtors | 2,464,915 |  | 1,367,201 |  |

| BOMAN TRADING LIMITED (REGISTERED NUMBER: 04910397) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

5. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Listed investments | 12,654 |  | 12,654 |  |

| Other | 202,913 |  | 950,367 |  |

215,567 |  | 963,021 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 14,599 |  | 46,030 |  |

| Other creditors | 366,213 |  | 31,829 |  |

380,812 |  | 77,859 |  |

7. | RELATED PARTY DISCLOSURES

| Directors remuneration and professional services for the year are made up of two fees. These fees are paid to the directors and to their consultancy management company.

| The management fee is calculated using a weighted average of the monthly net asset value of the company. The fee is set at 0.75% on the first £1.6m and 0.375% on the balance thereafter. For the year to 31 October 2025 this amounted to £14,765, (2024 £14,268).

| The performance fee is 20% of the excess of the profit (after expenses, management fee and tax), over the income earned if the same funds had been invested at the average base rate over the same period. For the year to 31 October 2025 this amounted to £5,060, (2024 £15,400).

| During the year an outstanding loan made to Valerian Developments Limited, a company in which Mr and Mrs Hepworth are directors, was repaid in full. The capital amount outstanding at the start of the year was £300,000. Interest was charged on this loan at 1.25% below Bank of England base rate. During the year interest was received of £13,118 (2024 £13,157). This is at a lower rate than that charged to other borrowers, as the directors believe that this loan is made without risk.

| During the year the directors loaned the company £420,000. Interest was paid to the directors at a rate of 1.5% below base. The loan together with interest was repaid to the directors post year end.

| Funds are loaned to related parties at 6% pa and any other third parties at 12% pa.