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REGISTERED NUMBER: 02403302 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025 |

| FOR |

| NEW WORLD BUILDERS LIMITED |

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Statement of Changes in Equity | 4 |

Notes to the Financial Statements | 5 |

NEW WORLD BUILDERS LIMITED

COMPANY INFORMATION

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

| DIRECTORS: | Mr S P Fearey

| Mr D T Fearey

| Mr R J Fearey

| SECRETARY: | Mr R J Fearey

| REGISTERED OFFICE: | Janelle House

| Hartham Lane

| Hertford

| Hertfordshire

| SG14 1QN

| REGISTERED NUMBER: | 02403302 (England and Wales)

| ACCOUNTANTS: | Gary J Cansick & Co

| Chartered Accountants

| Janelle House

| 6 Hartham Lane

| Hertford

| Hertfordshire

| SG14 1QN

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

BALANCE SHEET

30 MARCH 2025

| 30.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 81,721 |  | 101,367 |  |

Investment property | 5 | 372,275 |  | 372,275 |  |

453,996 |  | 473,642 |  |

CURRENT ASSETS

Stocks | 145,853 |  | 223,260 |  |

Debtors | 6 | 1,989,767 |  | 1,156,891 |  |

Cash at bank | 2,975,798 |  | 2,106,166 |  |

5,111,418 |  | 3,486,317 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,369,543 |  | 1,695,675 |  |

NET CURRENT ASSETS | 1,741,875 |  | 1,790,642 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,195,871 |  | 2,264,284 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (13,074 | ) |

PROVISIONS FOR LIABILITIES | (20,243 | ) | (25,341 | ) |

NET ASSETS | 2,175,628 |  | 2,225,869 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 999 |  | 999 |  |

Retained earnings | 2,174,629 |  | 2,224,870 |  |

SHAREHOLDERS' FUNDS | 2,175,628 |  | 2,225,869 |  |

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

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

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

BALANCE SHEET - continued

30 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 28 December 2025 and were signed on its behalf by:

Mr S P Fearey - Director

Mr R J Fearey - Director

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 999 |  | 2,244,713 |  | 2,245,712 |  |

Changes in equity

Dividends | - |  | (560,000 | ) | (560,000 | ) |

Total comprehensive income | - |  | 540,157 |  | 540,157 |  |

Balance at 31 March 2024 | 999 |  | 2,224,870 |  | 2,225,869 |  |

Changes in equity

Dividends | - |  | (915,000 | ) | (915,000 | ) |

Total comprehensive income | - |  | 864,759 |  | 864,759 |  |

Balance at 30 March 2025 | 999 |  | 2,174,629 |  | 2,175,628 |  |

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

1. | STATUTORY INFORMATION

| New World Builders 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 as modified by the revaluation of certain assets.

| Related party exemption

| 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.

| Critical accounting judgements and key sources of estimation uncertainty

| Accounting judgments have been made regarding the recovery of retentions and the costs involved in receiving the income. Provisions for future costs against the retentions held have been made where information is available, and estimated where necessary. Estimates have also been made in respect of provisions for other costs which could be incurred in the future regarding work carried out in the period.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax.

| Building contracts are recognised at sales value based on valuations received on work completed excluding value added tax, apart from where a loss is anticipated over the remainder of the contract.In this instance the loss is realised in the current period.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| 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.

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the period 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.

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 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 period 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 21 (2024 - 22 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 10,686 |  | 46,308 |  | 201,762 |  | 65,741 |  | 324,497 |  |

| Additions | 400 |  | 119 |  | 8,333 |  | - |  | 8,852 |  |

| At 30 March 2025 | 11,086 |  | 46,427 |  | 210,095 |  | 65,741 |  | 333,349 |  |

| DEPRECIATION

| At 1 April 2024 | 10,628 |  | 41,154 |  | 108,462 |  | 62,886 |  | 223,130 |  |

| Charge for period | 58 |  | 783 |  | 25,062 |  | 2,595 |  | 28,498 |  |

| At 30 March 2025 | 10,686 |  | 41,937 |  | 133,524 |  | 65,481 |  | 251,628 |  |

| NET BOOK VALUE

| At 30 March 2025 | 400 |  | 4,490 |  | 76,571 |  | 260 |  | 81,721 |  |

| At 31 March 2024 | 58 |  | 5,154 |  | 93,300 |  | 2,855 |  | 101,367 |  |

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 30 March 2025 | 145,143 |  |

| DEPRECIATION

| At 1 April 2024 | 38,652 |  |

| Charge for period | 19,968 |  |

| At 30 March 2025 | 58,620 |  |

| NET BOOK VALUE

| At 30 March 2025 | 86,523 |  |

| At 31 March 2024 | 106,491 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 30 March 2025 | 372,275 |  |

| NET BOOK VALUE

| At 30 March 2025 | 372,275 |  |

| At 31 March 2024 | 372,275 |  |

| Fair value at 30 March 2025 is represented by:

£ |

| Valuation in 2022 | (111,485 | ) |

| Valuation in 2023 | 4,763 |  |

| Cost | 478,997 |  |

372,275 |  |

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

| 30.3.25 |  | 31.3.24

£ | £ |

| Cost | 478,997 |  | 478,997 |  |

| The investment property was valued on an open market basis on by the directors .

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

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

| 30.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,278,322 |  | 471,542 |  |

| Amounts owed by related companies | 658,005 |  | 646,905 |  |

| Other debtors | 53,440 |  | 38,444 |  |

1,989,767 |  | 1,156,891 |  |

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

| 30.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 15,506 |  | 37,825 |  |

| Trade creditors | 1,407,226 |  | 514,477 |  |

| Amounts owed to group undertakings | 890,119 |  | 290,169 |  |

| Taxation and social security | 870,286 |  | 645,067 |  |

| Other creditors | 186,406 |  | 208,137 |  |

3,369,543 |  | 1,695,675 |  |

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

| 30.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | - |  | 13,074 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 15,506 |  | 50,899 |  |

| The bank overdraft is secured by a Debenture over the assets of the company.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.3.25 |  | 31.3.24

| value: | £ | £ |

| 999 | Ordinary | £1 | 999 |  | 999 |  |

11. | OTHER FINANCIAL COMMITMENTS

| The company is included in group and related company banking arrangements with National Westminster Bank Plc by the provision of inter-company guarantees.

NEW WORLD BUILDERS LIMITED (REGISTERED NUMBER: 02403302)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

12. | RELATED PARTY DISCLOSURES

| New World Property Developments Limited

| A company under common directorship

| During the year the related party made supplies of £3,000 (2024 £6,000) to the company.

| The amount owed by the related party at the balance sheet date was £658,005 (2024 £646,905).

| The outstanding amount of the loan is payable on demand and no interest is payable on the loan.

| Fearey Holdings Limited

| A company under common control.

| At the balance sheet date the company owed the related party £890,119 (2024 £290169).

| the sum is payable on demand and no interest is payable.

13. | ULTIMATE CONTROLLING PARTY

| The controlling party is the parent company Fearey Holdings Limited. Company Number: 04534586, Registered office address: Janelle House, Hartham Lane, Hertford, SG14 1QN.