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REGISTERED NUMBER: 08543137 (England and Wales)

| ROCKWOOD HOMES LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| ROCKWOOD HOMES LIMITED (REGISTERED NUMBER: 08543137) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| ROCKWOOD HOMES LIMITED |

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTORS: | S Hollis

| A J Hollis

| SECRETARY: | A J Hollis

| REGISTERED OFFICE: | Wey Court West

| Union Road

| Farnham

| Surrey

| GU9 7PT

| REGISTERED NUMBER: | 08543137 (England and Wales)

| ACCOUNTANTS: | Shaw Gibbs Limited

| Wey Court West

| Union Road

| Farnham

| Surrey

| GU9 7PT

| ROCKWOOD HOMES LIMITED (REGISTERED NUMBER: 08543137) |

BALANCE SHEET

31 May 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 769 |  | 1,464 |  |

CURRENT ASSETS

Stocks | 5 | 2,755,585 |  | 4,931,837 |  |

Debtors | 6 | 1,512,112 |  | 1,126,471 |  |

Cash at bank | 178,912 |  | 91 |  |

4,446,609 |  | 6,058,399 |  |

CREDITORS

Amounts falling due within one year | 7 | (9,367,848 | ) | (9,473,135 | ) |

NET CURRENT LIABILITIES | (4,921,239 | ) | (3,414,736 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (4,920,470 | ) | (3,413,272 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 20 |  | 20 |  |

Retained earnings | 11 | (4,920,490 | ) | (3,413,292 | ) |

SHAREHOLDERS' FUNDS | (4,920,470 | ) | (3,413,272 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 1 April 2026 and were signed on its behalf by:

S Hollis - Director

| ROCKWOOD HOMES LIMITED (REGISTERED NUMBER: 08543137) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Rockwood Homes 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. | 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.

| The accounts have been prepared on a going concern basis despite the loss incurred in the year. The directors are confident the company will continue to be able to pay liabilities when they fall due for reasons fully explained in note 15.

| Turnover

| Turnover represents the net invoiced sales, excluding value added tax. Turnover is recognised when the contracts are completed on property disposal.

| 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 | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks consist of the price of property purchases, together with any subsequent improvement costs, legal and professional fees, and display furniture involved with the purchase and improvement of the properties.

| 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.

| ROCKWOOD HOMES LIMITED (REGISTERED NUMBER: 08543137) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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 year was 4 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 51,259 |  | 36,288 |  | 3,573 |  | 91,120 |  |

| DEPRECIATION

| At 1 June 2024 | 50,188 |  | 36,163 |  | 3,305 |  | 89,656 |  |

| Charge for year | 496 |  | 65 |  | 134 |  | 695 |  |

| At 31 May 2025 | 50,684 |  | 36,228 |  | 3,439 |  | 90,351 |  |

| NET BOOK VALUE

| At 31 May 2025 | 575 |  | 60 |  | 134 |  | 769 |  |

| At 31 May 2024 | 1,071 |  | 125 |  | 268 |  | 1,464 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 2,755,585 |  | 4,931,837 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 12,500 |  |

| VAT | 5,314 |  | 15,419 |  |

| Deferred tax asset | 1,504,875 |  | 1,090,038 |  |

| Prepayments and accrued income | 1,923 |  | 8,514 |  |

1,512,112 |  | 1,126,471 |  |

| ROCKWOOD HOMES LIMITED (REGISTERED NUMBER: 08543137) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 2,787,880 |  | 3,462,787 |  |

| Trade creditors | 534,707 |  | 676,838 |  |

| Income tax | 169,497 |  | 131,693 |  |

| Amounts owed to group undertakings | 3,178,228 |  | 3,128,641 |  |

| Social security and other taxes | 80,902 |  | 482 |  |

| Other creditors | 7,986 |  | 34,446 |  |

| Pensions | - |  | 168 |  |

| Directors' current accounts | 1,767,443 |  | 1,660,770 |  |

| Accrued expenses | 841,205 |  | 377,310 |  |

9,367,848 |  | 9,473,135 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Mortgage | 2,787,880 |  | 3,462,787 |  |

| The loans used to purchase the properties to be developed are secured with a first charge on the properties. The charges are secured in favour of Tarnprop lending Ltd, Atelier Capital Partners Ltd and Fiducian Nominees Ltd.

| The loans are also secured by a personal guarantee from the directors, and a fixed & floating charge over the company's assets.

9. | DEFERRED TAX

£ |

| Balance at 1 June 2024 | (1,090,038 | ) |

| Accelerated capital allowances | (173 | ) |

| Trading losses movement | (367,410 | ) |

| Accrued interest not paid | (47,254 | ) |

| Balance at 31 May 2025 | (1,504,875 | ) |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary | £1 | 20 |  | 20 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 June 2024 | (3,413,292 | ) |

| Deficit for the year | (1,507,198 | ) |

| At 31 May 2025 | (4,920,490 | ) |

| ROCKWOOD HOMES LIMITED (REGISTERED NUMBER: 08543137) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

12. | ULTIMATE CONTROLLING PARTY

| During the year, the company was a 100% subsidiary of The Really Interesting Property Company Limited. The ultimate controlling party are the directors.

13. | GOING CONCERN

| The accounts have been prepared on the going concern basis.

| There is a net balance sheet deficiency of £4,920,470. The directors project that the company will obtain the finance required to operate for the next 12 months from the date of signing these accounts through regular business activities and external sources of finance.

| The major part of the company's working capital requirements are provided by a collection of loans from Atelier Capital Partners Limited and MSP Capital. It is anticipated the loans will be repaid from the sale of properties, the net realisable value of which are anticipated to be in excess of the borrowing.

| The directors have also provided significant support in the form of a loan. The facility will continue for the foreseeable future.