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REGISTERED NUMBER: 09173665 (England and Wales)

| TAIFA ENTERPRISE LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST AUGUST 2025 |

TAIFA ENTERPRISE LIMITED (REGISTERED NUMBER: 09173665)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31ST AUGUST 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

TAIFA ENTERPRISE LIMITED

COMPANY INFORMATION

for the Year Ended 31ST AUGUST 2025

| DIRECTOR: | Mr M Ndungu

| REGISTERED OFFICE: | Flat 45 Canberra Tower

| Kingsclere Avenue

| Southampton

| SO19 9JU

| REGISTERED NUMBER: | 09173665 (England and Wales)

| ACCOUNTANTS: | Underwood Barron LLP

| Monks Brook House

| 13 - 17 Hursley Road

| Chandlers Ford

| Eastleigh

| Hampshire

| SO53 2FW

TAIFA ENTERPRISE LIMITED (REGISTERED NUMBER: 09173665)

BALANCE SHEET

31ST AUGUST 2025

| 31.8.25 |  | 31.8.24

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 1,059 |  | 1,307 |  |

Cash at bank | 64 |  | 7 |  |

1,123 |  | 1,314 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,481 |  | 1,874 |  |

NET CURRENT LIABILITIES | (2,358 | ) | (560 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,358 | ) | (560 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 2,551 |  | 3,595 |  |

NET LIABILITIES | (4,909 | ) | (4,155 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (5,009 | ) | (4,255 | ) |

(4,909 | ) | (4,155 | ) |

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

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

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 director and authorised for issue on 8th April 2026 and were signed by:

Mr M Ndungu - Director

TAIFA ENTERPRISE LIMITED (REGISTERED NUMBER: 09173665)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31ST AUGUST 2025

1. | STATUTORY INFORMATION

| Taifa Enterprise 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Asset class |  | Depreciation method and rate |  |

| Equipment |  | 25% straight line |  |

| 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.

| Going concern

| Although the balance sheet shows negative assets at the year end date, the financial statements have been prepared on a going concern basis. The company has the backing of the director, who believes the company will be able to trade on and become profitable again in the future.

| Borrowings

| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

| Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. | EMPLOYEES AND DIRECTORS

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

TAIFA ENTERPRISE LIMITED (REGISTERED NUMBER: 09173665)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31ST AUGUST 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st September 2024

| and 31st August 2025 | 699 |  |

| DEPRECIATION

| At 1st September 2024

| and 31st August 2025 | 699 |  |

| NET BOOK VALUE

| At 31st August 2025 | - |  |

5. | DEBTORS

| 31.8.25 |  | 31.8.24

£ | £ |

| Amounts falling due within one year:

| Other debtors | 24 |  | 272 |  |

| Amounts falling due after more than one year:

| Other debtors | 1,035 |  | 1,035 |  |

| Aggregate amounts | 1,059 |  | 1,307 |  |

| The corporation tax repayable amount of £1,058 (2024 £1,307) is included within other debtors.

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans and overdrafts (see note 8) | 810 |  | 810 |  |

| Other creditors | 2,671 |  | 1,064 |  |

3,481 |  | 1,874 |  |

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans (see note 8) | 2,551 |  | 3,595 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

| 31.8.25 |  | 31.8.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 810 |  | 810 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 2,551 |  | 3,595 |  |

| Bank borrowings

| Natwest is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 27 July 2030. The carrying amount at year end is £3,360 (2024 - £4,405).

| The government has guaranteed the loan, and paid the interest for the first twelve months.

TAIFA ENTERPRISE LIMITED (REGISTERED NUMBER: 09173665)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31ST AUGUST 2025

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st August 2025 and 31st August 2024:

| 31.8.25 |  | 31.8.24

£ | £ |

| Mr M Ndungu

| Balance outstanding at start of year | (219 | ) | 389 |  |

| Amounts advanced | 487 |  | 533 |  |

| Amounts repaid | (1,947 | ) | (1,141 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,679 | ) | (219 | ) |

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr M Ndungu.