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REGISTERED NUMBER: 06678432 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 NOVEMBER 2025 |

| FOR |

| NEST STUDIOS LTD |

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| NEST STUDIOS LTD |

COMPANY INFORMATION

for the Year Ended 30 November 2025

| DIRECTORS: | D Demetriou

| Jason Rutter

| S Redmond

| REGISTERED OFFICE: | Prospect Barns

| Wedgnock

| Warwick

| Warwickshire

| CV35 7PX

| REGISTERED NUMBER: | 06678432 (England and Wales)

| ACCOUNTANTS: | Bernard Rogers & Co

| Bank Gallery

| High Street

| Kenilworth

| Warwickshire

| CV8 1LY

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

BALANCE SHEET

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 6,456 |  | 11,680 |  |

Tangible assets | 5 | 60,801 |  | 54,956 |  |

67,257 |  | 66,636 |  |

CURRENT ASSETS

Debtors | 6 | 2,143,071 |  | 2,329,887 |  |

Cash at bank and in hand | 1,741,767 |  | 2,263,546 |  |

3,884,838 |  | 4,593,433 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,592,919 |  | 2,372,749 |  |

NET CURRENT ASSETS | 2,291,919 |  | 2,220,684 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,359,176 |  | 2,287,320 |  |

PROVISIONS FOR LIABILITIES | (16,814 | ) | (16,659 | ) |

ACCRUALS AND DEFERRED INCOME | (59 | ) | (119 | ) |

NET ASSETS | 2,342,303 |  | 2,270,542 |  |

CAPITAL AND RESERVES

Called up share capital | 120 |  | 120 |  |

Share premium | 8 | 22,494 |  | 22,494 |  |

Capital redemption reserve | 8 | 6 |  | 6 |  |

Retained earnings | 8 | 2,319,683 |  | 2,247,922 |  |

2,342,303 |  | 2,270,542 |  |

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

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

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

BALANCE SHEET - continued

30 November 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 Board of Directors and authorised for issue on 23 March 2026 and were signed on its behalf by:

D Demetriou - Director

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of three years.

| 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 | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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.

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 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 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.

| Foreign currencies

| 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.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs

| are required to be recognised as part of the cost of stock or non-current assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are

| received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably

| committed to terminate the employment of an employee or to provide termination benefits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 22 ) .

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 23,710 |  |

| AMORTISATION

| At 1 December 2024 | 12,030 |  |

| Charge for year | 5,224 |  |

| At 30 November 2025 | 17,254 |  |

| NET BOOK VALUE

| At 30 November 2025 | 6,456 |  |

| At 30 November 2024 | 11,680 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024 | 142,700 |  |

| Additions | 22,402 |  |

| Disposals | (10,794 | ) |

| At 30 November 2025 | 154,308 |  |

| DEPRECIATION

| At 1 December 2024 | 87,744 |  |

| Charge for year | 15,343 |  |

| Eliminated on disposal | (9,580 | ) |

| At 30 November 2025 | 93,507 |  |

| NET BOOK VALUE

| At 30 November 2025 | 60,801 |  |

| At 30 November 2024 | 54,956 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,101,453 |  | 1,650,625 |  |

| Amounts owed by group undertakings | 7,875 |  | - |  |

| Other debtors | 1,033,743 |  | 679,262 |  |

2,143,071 |  | 2,329,887 |  |

| NEST STUDIOS LTD (REGISTERED NUMBER: 06678432) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 November 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 1,468 |  | 32,996 |  |

| Trade creditors | 320,043 |  | 427,846 |  |

| Taxation and social security | 260,597 |  | 599,674 |  |

| Other creditors | 1,010,811 |  | 1,312,233 |  |

1,592,919 |  | 2,372,749 |  |

8. | RESERVES

| Capital |

| Retained |  | Share |  | redemption |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 December 2024 | 2,247,922 |  | 22,494 |  | 6 |  | 2,270,422 |  |

| Profit for the year | 1,598,061 |  | 1,598,061 |  |

| Dividends | (1,525,000 | ) | (1,525,000 | ) |

| Purchase of own shares | (1,300 | ) | - |  | - |  | (1,300 | ) |

| At 30 November 2025 | 2,319,683 |  | 22,494 |  | 6 |  | 2,342,183 |  |

9. | RELATED PARTY DISCLOSURES

| At 30 November 2024 other creditors include loans made to the company by it's directors as follows:

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| D Demetriou |  | 2,888 |  |  | 2,368 |  |

| J Rutter |  | 2,403 |  |  | 2,243 |  |

| S Redmond |  | 2,888 |  |  | 2,368 |  |

| The loans are interest free with no fixed date for repayment.

10. | CONTROLLING PARTY

| The controlling party is the directors.