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REGISTERED NUMBER: OC429920 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 5 April 2025 |

| for |

| NDK Property Management LLP |

NDK Property Management LLP (Registered number: OC429920)

Contents of the Financial Statements

for the Year Ended 5 April 2025

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

NDK Property Management LLP

General Information

for the Year Ended 5 April 2025

| DESIGNATED MEMBERS: | Mrs C A Brace

| N D Kebbell

| REGISTERED OFFICE: | 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

| REGISTERED NUMBER: | OC429920 (England and Wales)

| ACCOUNTANTS: | APT

| 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

NDK Property Management LLP (Registered number: OC429920)

Balance Sheet

5 April 2025

| 5.4.25 | 5.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 75,528 |  | 35,937 |  |

Investment property | 5 | 2,322,875 |  | 1,925,000 |  |

2,398,403 |  | 1,960,937 |  |

CURRENT ASSETS

Debtors | 6 | 8,011 |  | 3,202 |  |

Cash at bank | 3,690 |  | 25,164 |  |

11,701 |  | 28,366 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,100 |  | 10,697 |  |

NET CURRENT ASSETS | 9,601 |  | 17,669 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 2,408,004 |  | 1,978,606 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 59,231 |  | 106,105 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 2,409,855 |  | 1,872,501 |  |

Other reserves | (61,082 | ) | - |  |

2,408,004 |  | 1,978,606 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 59,231 |  | 106,105 |  |

Members' other interests | 2,348,773 |  | 1,872,501 |  |

2,408,004 |  | 1,978,606 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

NDK Property Management LLP (Registered number: OC429920)

Balance Sheet - continued

5 April 2025

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 March 2026 and were signed by:

N D Kebbell - Designated member

NDK Property Management LLP (Registered number: OC429920)

Notes to the Financial Statements

for the Year Ended 5 April 2025

1. | STATUTORY INFORMATION

| NDK Property Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

| Going concern

| After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover represents rental income recognised on an accruals basis in accordance with the substance of the relevant agreement.

| 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 etc | - | 25% on cost and 25% on reducing balance

| Impairment of assets

| Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

| 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.

NDK Property Management LLP (Registered number: OC429920)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the 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.Such assets are subsequently carried at amortised cost, using the effective interest rate method.

| Basic financial liabilities including trade and other payables 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.

| 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.

| Provision for liabilities

| Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. | EMPLOYEE INFORMATION

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

NDK Property Management LLP (Registered number: OC429920)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 6 April 2024 | 55,624 |  |

| Additions | 52,793 |  |

| At 5 April 2025 | 108,417 |  |

| DEPRECIATION

| At 6 April 2024 | 19,687 |  |

| Charge for year | 13,202 |  |

| At 5 April 2025 | 32,889 |  |

| NET BOOK VALUE

| At 5 April 2025 | 75,528 |  |

| At 5 April 2024 | 35,937 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 6 April 2024 | 1,925,000 |  |

| Additions | 450,065 |  |

| Revaluations | (52,190 | ) |

| At 5 April 2025 | 2,322,875 |  |

| NET BOOK VALUE

| At 5 April 2025 | 2,322,875 |  |

| At 5 April 2024 | 1,925,000 |  |

| Investment property is disclosed at fair value as measured by managing estate agents or where not available by the designated members.

| Fair value at 5 April 2025 is represented by:

£ |

| Valuation in 2021 | 13,615 |  |

| Valuation in 2022 | 190,194 |  |

| Valuation in 2023 | 52,150 |  |

| Valuation in 2024 | 249,423 |  |

| Valuation in 2025 | (52,190 | ) |

| Cost | 1,869,683 |  |

2,322,875 |  |

NDK Property Management LLP (Registered number: OC429920)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

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

| 5.4.25 |  | 5.4.24

£ | £ |

| Other debtors | 8,011 |  | 3,202 |  |

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

| 5.4.25 |  | 5.4.24

£ | £ |

| Trade creditors | - |  | 597 |  |

| Other creditors | 2,100 |  | 10,100 |  |

2,100 |  | 10,697 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally to other creditors.

9. | CONTINGENT LIABILITIES

| There is a cross guarantee in place with NDK Property Investment Limited in respect of loan balances totalling £776,263 (2024: £591,477).