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REGISTERED NUMBER: 05516309 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SUNDROP SERVICES LIMITED

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SUNDROP SERVICES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTOR: | D P Innes

| REGISTERED OFFICE: | 1 Lubeck Drive

| Andover

| Hampshire

| SP10 4LJ

| REGISTERED NUMBER: | 05516309 (England and Wales)

| ACCOUNTANTS: | Clemence Hoar Cummings

| Chartered Accountants

| Riverside House

| 1-5 Como Street

| Romford

| Essex

| RM7 7DN

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1,895,456 |  | 1,553,540 |  |

Investment property | 5 | 755,000 |  | 755,000 |  |

2,650,456 |  | 2,308,540 |  |

CURRENT ASSETS

Debtors | 6 | 797,500 |  | 1,297,532 |  |

Cash at bank | 711,901 |  | 766,746 |  |

1,509,401 |  | 2,064,278 |  |

CREDITORS

Amounts falling due within one year | 7 | 480,260 |  | 515,797 |  |

NET CURRENT ASSETS | 1,029,141 |  | 1,548,481 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,679,597 |  | 3,857,021 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,373,304 | ) | (2,792,325 | ) |

PROVISIONS FOR LIABILITIES | (180,988 | ) | (108,320 | ) |

NET ASSETS | 1,125,305 |  | 956,376 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Fair value reserve | 324,871 |  | 324,871 |  |

Retained earnings | 800,431 |  | 631,502 |  |

SHAREHOLDERS' FUNDS | 1,125,305 |  | 956,376 |  |

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.

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

BALANCE SHEET - 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 10 February 2026 and were signed by:

D P Innes - Director

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Sundrop Services Limited is a private company, limited by shares, registered in England & Wales, registration number 05516309. The registered office address is 1 Lubeck Drive, Andover, Hampshire, SP10 4LJ.

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rents receivable and consultancy fees.

| 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

| 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 its financial instruments.

| Financial instruments are recognised 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

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

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after an initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| 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

| Basic financial liabilities, including trade and other creditors and preference shares classed 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 payments discounted at a market rate of interest.

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

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire

| Equity Instruments

| Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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 balance sheet date.

| 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.

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Fixed asset investments

| The fixed asset investments are managed by J M Finn. Any losses or gains on disposals are recorded in the income statement in the year the transaction takes place.

| Dividend income and interest received are recorded in the income statement in the year the monies are received.

| The investments are carried in the financial statements at their market value.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 November 2024 | 1,553,540 |  |

| Additions | 387,796 |  |

| Disposals | (271,041 | ) |

| Revaluations | 225,161 |  |

| At 31 October 2025 | 1,895,456 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,895,456 |  |

| At 31 October 2024 | 1,553,540 |  |

| Cost or valuation at 31 October 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2022 | 436,407 |  |

| Cost | 1,459,049 |  |

1,895,456 |  |

| If the listed investments had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,465,347 |  | 1,338,738 |  |

| The listed investments were valued on an open market basis on 31 October 2025 by J M Finn .

SUNDROP SERVICES LIMITED (REGISTERED NUMBER: 05516309) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 755,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 755,000 |  |

| At 31 October 2024 | 755,000 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2022 | 287,546 |  |

| Cost | 467,454 |  |

755,000 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 467,454 |  | 467,454 |  |

| Investment properties were valued on an open market value basis on 31 October 2025 by the director, D Innes .

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

2025 | 2024 |

£ | £ |

| Other debtors | 797,500 |  | 1,297,532 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 5,651 |  | 8,491 |  |

| Other creditors | 474,609 |  | 507,306 |  |

480,260 |  | 515,797 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 2,373,304 |  | 2,792,325 |  |

| The other creditors is a directors loan of £2,373,304. This loan is interest free and repayable on demand.

9. | RELATED PARTY DISCLOSURES

| Included in other debtors is a loan to Buildd Limited of £712,500. Sundrop Services Limited owns 50% of the issued share capital in this company.This loan is interest free and repayable on demand.