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REGISTERED NUMBER: 03425416 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

FOR

FERGUSSON HOLDINGS LIMITED

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FERGUSSON HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

| DIRECTORS: | M J Nerden

| H I Shapiro

| REGISTERED OFFICE: | 55 Loudoun Road

| St. John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 03425416 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

BALANCE SHEET

31 MAY 2025

| 31.5.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 3,705 |  |

Investment property | 5 | - |  | 11,400,000 |  |

- |  | 11,403,705 |  |

CURRENT ASSETS

Debtors | 6 | 465,723 |  | 1,970,319 |  |

Cash at bank | 1,579,860 |  | 189,821 |  |

2,045,583 |  | 2,160,140 |  |

CREDITORS

Amounts falling due within one year | 7 | (246,765 | ) | (443,712 | ) |

NET CURRENT ASSETS | 1,798,818 |  | 1,716,428 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,798,818 |  | 13,120,133 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (3,584,500 | ) |

PROVISIONS FOR LIABILITIES | - |  | (2,222,746 | ) |

NET ASSETS | 1,798,818 |  | 7,312,887 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 9,750 |  | 9,750 |  |

Retained earnings | 1,789,068 |  | 7,303,137 |  |

1,798,818 |  | 7,312,887 |  |

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

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

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

BALANCE SHEET - continued

31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 April 2026 and were signed on its behalf by:

H I Shapiro - Director

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

1. | STATUTORY INFORMATION

| Fergusson Holdings 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.

| Reporting period

| The company extended its accounting period end date from 31 March to 31 May. As a result, the amounts presented in the financial statements are not entirely comparable.

| Turnover

| Turnover represents amounts receivable for the rental income apportioned on a daily basis and is exempt from VAT.

| Tangible fixed assets

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

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

| Computer equipment | - | 25% on reducing balance

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Investment property

| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

| Financial instruments

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

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profits differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that is profitable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profits nor the accounting profit.

| Retirement benefits

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

| 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 fixed 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.

| Cash at bank and in hand

| Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 106,250 |  | 7,511 |  | 113,761 |  |

| Additions | 7,051 |  | 7,477 |  | 14,528 |  |

| Disposals | (113,301 | ) | (14,988 | ) | (128,289 | ) |

| At 31 May 2025 | - |  | - |  | - |  |

| DEPRECIATION

| At 1 April 2024 | 104,667 |  | 5,389 |  | 110,056 |  |

| Charge for period | 2,011 |  | 1,340 |  | 3,351 |  |

| Eliminated on disposal | (106,678 | ) | (6,729 | ) | (113,407 | ) |

| At 31 May 2025 | - |  | - |  | - |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | - |  | - |  |

| At 31 March 2024 | 1,583 |  | 2,122 |  | 3,705 |  |

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 11,400,000 |  |

| Disposals | (8,665,000 | ) |

| Impairments | (2,735,000 | ) |

| At 31 May 2025 | - |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 March 2024 | 11,400,000 |  |

| The investment property is stated at the directors' estimate of market value at the balance sheet date based on a professional valuation.

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

| 31.5.25 |  | 31.3.24

£ | £ |

| Trade debtors | 6,688 |  | 68,369 |  |

| Other debtors | 459,035 |  | 1,901,950 |  |

465,723 |  | 1,970,319 |  |

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

| 31.5.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | - |  | 72,378 |  |

| Trade creditors | 25,466 |  | 7,848 |  |

| Amounts owed to group undertakings | 140,780 |  | - |  |

| Taxation and social security | 57,695 |  | 59,530 |  |

| Other creditors | 22,824 |  | 303,956 |  |

246,765 |  | 443,712 |  |

| The bank facilities were secured by charge on the company's assets.

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

| 31.5.25 |  | 31.3.24

£ | £ |

| Bank loans | - |  | 3,584,500 |  |

FERGUSSON HOLDINGS LIMITED (REGISTERED NUMBER: 03425416)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 31 MAY 2025

9. | CALLED UP SHARE CAPITAL

|  | 31.5.25 |  | 31.3.24 |  |

| £ |  | £ |  |

| Ordinary share capital |  |

| Issued and fully paid |  |

| 752 A Ordinary of £1 each |  | 752 |  | 752 |  |

| 7,294 B Ordinary of £1 each |  | 7,294 |  | 7,294 |  |

| 704 C Ordinary of £1 each |  | 704 |  | 704 |  |

| 1,000 D Ordinary of £1 each |  | 1,000 |  | 1,000 |  |

|  | 9,750 |  | 9,750 |  |

10. | RELATED PARTY DISCLOSURES

| At the year end, the previous shareholders owed the company £15,351 (2024: £1,469,186).