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REGISTERED NUMBER: 12636141 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

NEST PROPERTIES (NW) LTD

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

STATEMENT OF FINANCIAL POSITION

31 OCTOBER 2025

| 31.10.25 |  | 31.10.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 378 |  | 194 |  |

Investments | 5 | 20 |  | 80 |  |

Investment property | 6 | 166,934 |  | 166,934 |  |

167,332 |  | 167,208 |  |

CURRENT ASSETS

Debtors | 7 | 288,306 |  | 328,587 |  |

Cash at bank | 1,706 |  | 13,005 |  |

290,012 |  | 341,592 |  |

CREDITORS

Amounts falling due within one year | 8 | (130,596 | ) | (184,416 | ) |

NET CURRENT ASSETS | 159,416 |  | 157,176 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 326,748 |  | 324,384 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (107,112 | ) | (107,112 | ) |

NET ASSETS | 219,636 |  | 217,272 |  |

CAPITAL AND RESERVES

Called up share capital | 10 |  | 10 |  |

Non-distributable reserve | 198,150 |  | 198,150 |  |

Retained earnings | 21,476 |  | 19,112 |  |

219,636 |  | 217,272 |  |

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 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.

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

STATEMENT OF FINANCIAL POSITION - continued

31 OCTOBER 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 director and authorised for issue on 12 March 2026 and were signed by:

G Swain-Hughes - Director

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Nest Properties (Nw) Ltd 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: | 12636141

| Registered office: | 20 Ffordd Parc Castell

| Bodelwyddan

| Rhyl

| LL18 5WD

| The principal activity of the company is that of an investment property company.

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.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| SIGNIFICANT JUDGEMENTS AND ESTIMATES

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| REVENUE RECOGNITION

| Turnover represents rental income which is recognised in the relevant rental period.

| TANGIBLE FIXED ASSETS

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Depreciation

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings |  | - 20% reducing balance |  |

| INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES

| Investments in subsidiary and associate undertakings are recognised at cost.

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| INVESTMENT PROPERTY

| Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

| Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

| If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| 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.

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| CONSOLIDATION

| The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 November 2024 | 473 |  |

| Additions | 279 |  |

| At 31 October 2025 | 752 |  |

| DEPRECIATION

| At 1 November 2024 | 279 |  |

| Charge for year | 95 |  |

| At 31 October 2025 | 374 |  |

| NET BOOK VALUE

| At 31 October 2025 | 378 |  |

| At 31 October 2024 | 194 |  |

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

5. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 30 |  | 50 |  | 80 |  |

| Impairments | (10 | ) | (50 | ) | (60 | ) |

| At 31 October 2025 | 20 |  | - |  | 20 |  |

| NET BOOK VALUE

| At 31 October 2025 | 20 |  | - |  | 20 |  |

| At 31 October 2024 | 30 |  | 50 |  | 80 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 166,934 |  |

| NET BOOK VALUE

| At 31 October 2025 | 166,934 |  |

| At 31 October 2024 | 166,934 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Amounts owed by group undertakings | 288,306 |  | 327,277 |  |

| Prepayments and accrued income | - |  | 1,310 |  |

288,306 |  | 328,587 |  |

| Amounts owed by group undertakings and connected companies are unsecured, interest free and are repayable on demand.

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Social security and other taxes | 684 |  | - |  |

| Other creditors | - |  | 35,000 |  |

| Directors' current accounts | 126,074 |  | 145,299 |  |

| Accrued expenses | 3,838 |  | 4,117 |  |

130,596 |  | 184,416 |  |

NEST PROPERTIES (NW) LTD (REGISTERED NUMBER: 12636141)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans more than 5 years

| non - instalments | 107,112 |  | 107,112 |  |

107,112 |  | 107,112 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more than 5 years

| non - instalments | 107,112 |  | 107,112 |  |

107,112 |  | 107,112 |  |

| The bank loans are secured against the investment properties of the company.

10. | EVENTS AFTER THE END OF THE REPORTING PERIOD

| There were no significant events up to the date of the approval of the financial statements by the Board.