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REGISTERED NUMBER: 10382909 (England and Wales)

| Financial Statements |

| for the Year Ended 30th September 2025 |

| for |

| Norspring Development Ltd |

Norspring Development Ltd (Registered number: 10382909)

Contents of the Financial Statements

for the Year Ended 30th September 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

Norspring Development Ltd

Company Information

for the Year Ended 30th September 2025

| DIRECTORS: | J E Gregory

| Ms K A Griffin

| Mrs K Bardwell-Springett

| P A Springett

| SECRETARY: | Ms K A Griffin

| REGISTERED OFFICE: | Chiltern House

| 45 Station Rd

| Henley On Thames

| Oxfordshire

| RG9 1AT

| REGISTERED NUMBER: | 10382909 (England and Wales)

| ACCOUNTANTS: | Buffery & Co Ltd

| Chiltern House

| 45 Station Rd

| Henley On Thames

| Oxfordshire

| RG9 1AT

Norspring Development Ltd (Registered number: 10382909)

Abridged Balance Sheet

30th September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 100 |  | 100 |  |

CURRENT ASSETS

Stocks | 420,503 |  | 841,006 |  |

Debtors | 573,759 |  | 608,843 |  |

Cash at bank | 44,125 |  | 16,932 |  |

1,038,387 |  | 1,466,781 |  |

CREDITORS

Amounts falling due within one year | 395,761 |  | 657,600 |  |

NET CURRENT ASSETS | 642,626 |  | 809,181 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 642,726 |  | 809,281 |  |

CREDITORS

Amounts falling due after more than one year | 289,024 |  | 595,024 |  |

NET ASSETS | 353,702 |  | 214,257 |  |

CAPITAL AND RESERVES

Called up share capital | 5 | 1 |  | 1 |  |

Retained earnings | 6 | 353,701 |  | 214,256 |  |

SHAREHOLDERS' FUNDS | 353,702 |  | 214,257 |  |

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

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

Norspring Development Ltd (Registered number: 10382909)

Abridged Balance Sheet - continued

30th September 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11th March 2026 and were signed on its behalf by:

P A Springett - Director

Norspring Development Ltd (Registered number: 10382909)

Notes to the Financial Statements

for the Year Ended 30th September 2025

1. | STATUTORY INFORMATION

| Norspring Development 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.

| Significant judgements and estimates

| The directors are conscious that the property market is extremely volatile at present. They have therefore considered that profits relating to the development should not be recognised until the cost of the development has been recovered entirely. This therefore reduces the value of work in progress shown in the accounts.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Work in progress

| Work in progress is valued at cost after deducting work in progress allocated to units sold during the year.

| There is an amendment to the comparatives for this figure, which in error excluded the cost of land purchased for the development.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1st October 2024

| and 30th September 2025 | 100 |  |

| NET BOOK VALUE

| At 30th September 2025 | 100 |  |

| At 30th September 2024 | 100 |  |

Norspring Development Ltd (Registered number: 10382909)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

6. | RESERVES

| Retained

| earnings

£ |

| At 1st October 2024 | 214,256 |  |

| Profit for the year | 139,445 |  |

| At 30th September 2025 | 353,701 |  |