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REGISTERED NUMBER: 09891649 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09891649) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MILLHOUSE PROPERTY DEVELOPMENTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | Mr H Rottenberg

| Mr S Schapira

| REGISTERED OFFICE: | 105 Eade Road

| OCC Building A

| 2nd Floor Unit 11a

| London

| N4 1TJ

| REGISTERED NUMBER: | 09891649 (England and Wales)

| ACCOUNTANTS: | DAS Accounting & Partners (UK) LLP

| 105 Eade Road

| OCC Building A

| 2nd Floor Unit 11a

| London

| N4 1TJ

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09891649) |

BALANCE SHEET

30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investment property | 5 | 100,000 |  | 650,000 |  |

CURRENT ASSETS

Debtors | 6 | 1,197,429 |  | 514,030 |  |

Cash at bank | 9,903 |  | 55,163 |  |

1,207,332 |  | 569,193 |  |

CREDITORS

Amounts falling due within one year | 7 | (366,959 | ) | (305,919 | ) |

NET CURRENT ASSETS | 840,373 |  | 263,274 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 940,373 |  | 913,274 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (27,000 | ) | (32,460 | ) |

PROVISIONS FOR LIABILITIES | 9 | - |  | (73,000 | ) |

NET ASSETS | 913,373 |  | 807,814 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 913,273 |  | 807,714 |  |

SHAREHOLDERS' FUNDS | 913,373 |  | 807,814 |  |

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

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

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09891649) |

BALANCE SHEET - continued

30 APRIL 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by:

Mr S Schapira - Director

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09891649) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Millhouse Property 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.

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 except that investment property is measured at fair value through profit or loss.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The valuation of investment property is inherently subjective, depending on many factors, including the individual nature of property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

| Turnover

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

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| Taxation

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

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09891649) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| 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.

4. | EMPLOYEES AND DIRECTORS

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

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 650,000 |  |

| Additions | 74,702 |  |

| Disposals | (700,000 | ) |

| Revaluations | 75,298 |  |

| At 30 April 2025 | 100,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 100,000 |  |

| At 30 April 2024 | 650,000 |  |

| The directors are of the opinion that £100,000 represents the open market value of the company's investment property at 30 April 2025. The historical cost of the investment property is £73,937 (2024: £368,521).

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertaking | 970,506 |  | 287,106 |  |

| Other debtors | 226,923 |  | 226,924 |  |

1,197,429 |  | 514,030 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,329 |  | 5,198 |  |

| Trade creditors | 1,822 |  | 2,560 |  |

| Other creditors | 359,808 |  | 298,161 |  |

366,959 |  | 305,919 |  |

MILLHOUSE PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09891649) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 27,000 |  | 32,460 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 5,684 |  | 11,670 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | - |  | 73,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 73,000 |  |

| Movement during the year | (73,000 | ) |

| Balance at 30 April 2025 | - |  |

| The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment property.

| During the year the provision was unwound following the transfer of the leasehold interests to the parent undertaking.

10. | RELATED PARTY DISCLOSURES

| Other debtors include an amount of £11,140 (2024: £11,140) due from company having a director in common with the company.

| Other creditors include amounts of £357,993 (2024: £296,346) due to companies having a director in common with the company.

11. | PARENT COMPANY AND CONTROLLING PARTY

| The parent company is RSBS Developments Ltd, a company incorporated in England and Wales. The address of the registered office of RSBS Developments Ltd is 105 Eade Road, OCC Building A, 2nd Floor, Unit 11a, London N4 1TJ.