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REGISTERED NUMBER: 04466134 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

RND (Properties) Limited

RND (Properties) Limited (Registered number: 04466134)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

RND (Properties) Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | Mr S T Holding

| Mr T R Lovett

| SECRETARY: | Mr T R Lovett

| REGISTERED OFFICE: | St Andrews Court

| Lees Lane

| Macclesfield

| Cheshire

| SK10 4LJ

| REGISTERED NUMBER: | 04466134 (England and Wales)

| ACCOUNTANTS: | HLP Ltd

| Accounting and Tax Solutions

| Hillgate Place

| 77 Middle Hillgate

| Stockport

| Cheshire

| SK1 3EH

Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

RND (Properties) 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 Balance Sheet. Readers are cautioned that the Profit and Loss Account 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 RND (Properties) Limited for the year ended 30 June 2025 which comprises the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of RND (Properties) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of and state those matters that we have agreed to state to the Board of Directors of RND (Properties) Limited, as a body, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RND (Properties) 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 of profit or loss of RND (Properties) Limited. You consider that RND (Properties) 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 RND (Properties) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the statutory financial statements.

HLP Ltd

Accounting and Tax Solutions

Hillgate Place

77 Middle Hillgate

Stockport

Cheshire

SK1 3EH

3 March 2026

RND (Properties) Limited (Registered number: 04466134)

Balance Sheet

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,800,000 |  | 1,800,000 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 5,690 |  |

Investments | 6 | 360,000 |  | 360,000 |  |

Cash at bank | 11,074 |  | 36,869 |  |

371,074 |  | 402,559 |  |

CREDITORS

Amounts falling due within one year | 7 | 396,854 |  | 401,756 |  |

NET CURRENT (LIABILITIES)/ASSETS | (25,780 | ) | 803 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,774,220 |  | 1,800,803 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (575,345 | ) | (629,127 | ) |

PROVISIONS FOR LIABILITIES | (148,112 | ) | (148,112 | ) |

NET ASSETS | 1,050,763 |  | 1,023,564 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Other reserves | 631,427 |  | 631,427 |  |

Retained earnings | 419,335 |  | 392,136 |  |

SHAREHOLDERS' FUNDS | 1,050,763 |  | 1,023,564 |  |

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

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

RND (Properties) Limited (Registered number: 04466134)

Balance Sheet - continued

30 June 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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2026 and were signed on its behalf by:

Mr S T Holding - Director

RND (Properties) Limited (Registered number: 04466134)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| RND (Properties) 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. | 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

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

| Turnover represents rent receivable, net of VAT and other sales related taxes, under operating leases and is charged to income on a straight line basis over the period of the lease.

| Premiums receivable, rent free periods and capital contributions payable on entering an operating lease are released to income on a straight line basis.

| Turnover is attributable to the principle activities of the company which is carried out entirely within the United Kingdom.

| Investment property

| Investment property is carried at fair value determined annually by the directors and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

RND (Properties) Limited (Registered number: 04466134)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Other financial assets, including investments in equity instruments which are not subsidiaries are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes of fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| 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 company after deducting all of its liabilities.

| Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from the suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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 balance sheet date.

| 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.

RND (Properties) Limited (Registered number: 04466134)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The company meets its day-to-day working capital requirements from cash at bank. The level of cash held by the company is sufficient to fund expected requirements based on forecast and projections taking account of reasonable possible changes in trading performance.

| After making enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continues to adopt the going concern basis in preparing the annual report.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024

| and 30 June 2025 | 1,800,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,800,000 |  |

| At 30 June 2024 | 1,800,000 |  |

5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 5,690 |  |

6. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Unlisted investments | 360,000 |  | 360,000 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 50,902 |  | 48,119 |  |

| Trade creditors | - |  | 1 |  |

| Amounts owed to group undertakings | 334,000 |  | 334,000 |  |

| Taxation and social security | 9,934 |  | 13,354 |  |

| Other creditors | 2,018 |  | 6,282 |  |

396,854 |  | 401,756 |  |

RND (Properties) Limited (Registered number: 04466134)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 125,345 |  | 179,127 |  |

| Amounts owed to group undertakings | 450,000 |  | 450,000 |  |

575,345 |  | 629,127 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | - |  | 30,524 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 176,247 |  | 227,246 |  |

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Wincle Properties Limited.