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REGISTERED NUMBER: 12613335 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

| for |

| Nicholls & Sons Developments Limited |

Nicholls & Sons Developments Limited (Registered number: 12613335)

Contents of the Financial Statements

for the Year Ended 31 May 2025

| Page |

Company information | 1 |

Chartered accountants' report | 2 |

Statement of financial position | 3 |  | to |  | 4

Notes to the financial statements | 5 |  | to |  | 7

Nicholls & Sons Developments Limited

Company Information

for the Year Ended 31 May 2025

| Directors: | Mrs T S Nicholls

| Mr K M Nicholls

| Registered office: | 5 Drovers Way

| Bishops Stortford

| Hertfordshire

| CM23 4GF

| Registered number: | 12613335 (England and Wales)

| Accountants: | Moore Thompson

| Monica House

| St Augustines Road

| Wisbech

| Cambridgeshire

| PE13 3AD

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Nicholls & Sons Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Statement of comprehensive income and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nicholls & Sons Developments Limited for the year ended 31 May 2025 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Nicholls & Sons Developments Limited, as a body, in accordance with the terms of our engagement letter dated 19 July 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Nicholls & Sons Developments Limited and state those matters that we have agreed to state to the Board of Directors of Nicholls & Sons Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nicholls & Sons Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nicholls & Sons Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nicholls & Sons Developments Limited. You consider that Nicholls & Sons Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nicholls & Sons Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Monica House

St Augustines Road

Wisbech

Cambridgeshire

PE13 3AD

11 March 2026

Nicholls & Sons Developments Limited (Registered number: 12613335)

Statement of Financial Position

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Investments | 5 | 100 |  | 100 |  |

Investment property | 6 | 645,919 |  | 645,919 |  |

646,019 |  | 646,019 |  |

Current assets

Debtors | 7 | 68,234 |  | 61,129 |  |

Cash at bank | 15,375 |  | 10,467 |  |

83,609 |  | 71,596 |  |

Creditors

Amounts falling due within one year | 8 | 35,993 |  | 38,961 |  |

Net current assets | 47,616 |  | 32,635 |  |

Total assets less current liabilities | 693,635 |  | 678,654 |  |

Creditors

Amounts falling due after more than one year | 9 | (95,790 | ) | (95,790 | ) |

Provisions for liabilities | (15,000 | ) | (15,000 | ) |

Net assets | 582,845 |  | 567,864 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Other reserves | 45,000 |  | 45,000 |  |

Retained earnings | 537,745 |  | 522,764 |  |

582,845 |  | 567,864 |  |

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

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

Nicholls & Sons Developments Limited (Registered number: 12613335)

Statement of Financial Position - continued

31 May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

Mrs T S Nicholls - Director

Nicholls & Sons Developments Limited (Registered number: 12613335)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | Statutory information

| Nicholls & Sons Developments 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | Statement of compliance

| 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.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| 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 Statement of Income and Retained Earnings, 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 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.

| Turnover

| Turnover is rents received or receivable, excluding discounts, rebates and value added tax.

4. | Employees and directors

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

Nicholls & Sons Developments Limited (Registered number: 12613335)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

5. | Fixed asset investments

| Other

| investments

£ |

| Cost

| At 1 June 2024

| and 31 May 2025 | 100 |  |

| Net book value

| At 31 May 2025 | 100 |  |

| At 31 May 2024 | 100 |  |

6. | Investment property

| Total

£ |

| Fair value

| At 1 June 2024

| and 31 May 2025 | 645,919 |  |

| Net book value

| At 31 May 2025 | 645,919 |  |

| At 31 May 2024 | 645,919 |  |

| The investment properties were valued at their open market value on 31 May 2025 at £645,919 (2024: £640,790). The original cost of the investment properties was £580,790 (2024: £580,790).

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2025 | 60,000 |  |

| Cost | 585,919 |  |

645,919 |  |

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,799 |  | 2,021 |  |

| Other debtors | 27,889 |  | 21,776 |  |

| Directors' current accounts | 33,811 |  | 34,434 |  |

| Prepayments | 2,735 |  | 2,898 |  |

68,234 |  | 61,129 |  |

Nicholls & Sons Developments Limited (Registered number: 12613335)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other loans | 4,329 |  | 4,329 |  |

| Trade creditors | 23,814 |  | 21,055 |  |

| Corporation tax | 3,650 |  | 9,677 |  |

| Accruals and deferred income | 4,200 |  | 3,900 |  |

35,993 |  | 38,961 |  |

9. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Other loans | 95,790 |  | 95,790 |  |

10. | Directors' advances, credits and guarantees

| During the year the company made an unsecured, interest free loan to one of the directors. Amounts loaned to the director in the year were £Nil (2024: £1,338). Amounts repaid by the director in the year were £312 (2024: £312). The amount outstanding at the balance sheet date, due to the company, was £713 (2024: £1,025).

| During the year the company made an unsecured, interest free loan to another of the directors. Amounts loaned to the director in the year were £Nil (2024: £19,737). Amounts repaid by the director in the year were £312 (2024: £312). The amount outstanding at the balance sheet date, due to the company, was £33,098 (2024: £33,410).

11. | Related party disclosures

| During the year the company operated a loan account with Delamore Farms Limited, a company with common directors. At the year end the company owed £4,329 to Delamore Farms Limited.(2024 £4,329). This loan has no fixed repayment date.

| During the year the company operated a loan account with a Mr C. Delamore Deceased, who was the father of a director of the company. At the year end the company owed the estate of Mr C. Delamore £95,790 (2024: £95,790). This loan has no fixed repayment date.