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REGISTERED NUMBER: 10506217 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 November 2024 |

| for |

| Miles Franklin Group Ltd |

Miles Franklin Group Ltd (Registered number: 10506217)

Contents of the Financial Statements

for the Year Ended 30 November 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Miles Franklin Group Ltd

Company Information

for the Year Ended 30 November 2024

| DIRECTOR: | J M Franklin

| REGISTERED OFFICE: | Woodlands Grange

| Woodlands Lane

| Bradley Stoke

| Bristol

| BS32 4JY

| REGISTERED NUMBER: | 10506217 (England and Wales)

| ACCOUNTANTS: | Dunkley's

| Woodlands Grange

| Woodlands Lane

| Bradley Stoke

| Bristol

| United Kingdom

| BS32 4JY

Miles Franklin Group Ltd (Registered number: 10506217)

Balance Sheet

30 November 2024

| 30.11.24 | 30.11.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 136,225 |  | 4,217,318 |  |

Investment property | 5 | 4,927,676 |  | - |  |

5,063,901 |  | 4,217,318 |  |

CURRENT ASSETS

Debtors | 6 | 677,302 |  | 223,261 |  |

Cash at bank | 10,373 |  | 8,928 |  |

687,675 |  | 232,189 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,969,950 |  | 2,746,984 |  |

NET CURRENT LIABILITIES | (3,282,275 | ) | (2,514,795 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,781,626 |  | 1,702,523 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,263,425 | ) | (1,273,425 | ) |

PROVISIONS FOR LIABILITIES | (4,840 | ) | (42,762 | ) |

NET ASSETS | 513,361 |  | 386,336 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 11 | 513,261 |  | 386,236 |  |

SHAREHOLDERS' FUNDS | 513,361 |  | 386,336 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Miles Franklin Group Ltd (Registered number: 10506217)

Balance Sheet - continued

30 November 2024

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 director and authorised for issue on 11 March 2026 and were signed by:

J M Franklin - Director

Miles Franklin Group Ltd (Registered number: 10506217)

Notes to the Financial Statements

for the Year Ended 30 November 2024

1. | STATUTORY INFORMATION

| Miles Franklin Group 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.

| Turnover

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

| 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 cost and 4% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 33.33% on cost

| 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.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 10 ) .

Miles Franklin Group Ltd (Registered number: 10506217)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 December 2023 | 4,154,263 |  | 81,091 |  | 18,250 |  | - |  | 4,253,604 |  |

| Additions | - |  | 6,338 |  | - |  | 3,091 |  | 9,429 |  |

| Reclassification/transfer | (4,154,263 | ) | 88,357 |  | - |  | - |  | (4,065,906 | ) |

| At 30 November 2024 | - |  | 175,786 |  | 18,250 |  | 3,091 |  | 197,127 |  |

| DEPRECIATION

| At 1 December 2023 | - |  | 35,373 |  | 913 |  | - |  | 36,286 |  |

| Charge for year | - |  | 20,260 |  | 3,650 |  | 706 |  | 24,616 |  |

| At 30 November 2024 | - |  | 55,633 |  | 4,563 |  | 706 |  | 60,902 |  |

| NET BOOK VALUE

| At 30 November 2024 | - |  | 120,153 |  | 13,687 |  | 2,385 |  | 136,225 |  |

| At 30 November 2023 | 4,154,263 |  | 45,718 |  | 17,337 |  | - |  | 4,217,318 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 861,767 |  |

| Reclassification/transfer | 4,065,909 |  |

| At 30 November 2024 | 4,927,676 |  |

| NET BOOK VALUE

| At 30 November 2024 | 4,927,676 |  |

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

| 30.11.24 |  | 30.11.23

£ | £ |

| Trade debtors | 1,042 |  | 8,020 |  |

| Other debtors | 671,104 |  | 211,456 |  |

| Prepayments and accrued income | 5,156 |  | 3,785 |  |

677,302 |  | 223,261 |  |

Miles Franklin Group Ltd (Registered number: 10506217)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

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

| 30.11.24 |  | 30.11.23

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Trade creditors | 46,716 |  | 29,340 |  |

| Tax | 49,972 |  | 100,555 |  |

| Social security and other taxes | 696 |  | 17,874 |  |

| VAT | 181,004 |  | 46,684 |  |

| Other creditors | 379,612 |  | 136,429 |  |

| Directors' current accounts | 3,295,950 |  | 2,400,952 |  |

| Accruals and deferred income | 6,000 |  | 5,150 |  |

3,969,950 |  | 2,746,984 |  |

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

| 30.11.24 |  | 30.11.23

£ | £ |

| Bank loans - 1-2 years | 5,000 |  | 10,000 |  |

| Bank loans - 2-5 years | - |  | 5,000 |  |

| Bank loans more 5 yr by instal | 1,258,425 |  | 1,258,425 |  |

1,263,425 |  | 1,273,425 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 1,258,425 |  | 1,258,425 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.11.24 |  | 30.11.23

£ | £ |

| Bank loans | 1,273,425 |  | 1,283,425 |  |

| The bank loan is secured against the properties to which the loan relates.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.24 |  | 30.11.23

| value: | £ | £ |

| 100 | Ordinary | £1.00 | 100 |  | 100 |  |

Miles Franklin Group Ltd (Registered number: 10506217)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

11. | RESERVES

| Retained

| earnings

£ |

| At 1 December 2023 | 386,236 |  |

| Profit for the year | 127,525 |  |

| Dividends | (500 | ) |

| At 30 November 2024 | 513,261 |  |

12. | RELATED PARTY DISCLOSURES

| At 30th November 2024, there were the following inter-company balances.

| £664,457 was borrowed in the year from Franklin Holdings Group Ltd (2023 - NIL). This loan can be found in other debtors.

| £216,222 was owed to Vangoo Ltd (2023 - NIL). This loan can be found in other creditors.

| £144,801 was owed to Mill Island Boating Ltd (2023 - £135,793). This loan can be found in other creditors.

| These loans are unsecured, interest-free and repayable on demand.