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REGISTERED NUMBER: 05726904 (England and Wales)

| SOUTH ROAD LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| SOUTH ROAD LIMITED (REGISTERED NUMBER: 05726904) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| SOUTH ROAD LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | S L Booth

| S D Booth

| SECRETARY: | S D Booth

| REGISTERED OFFICE: | 10 Victoria Avenue

| Hayling Island

| Hampshire

| PO11 9AJ

| REGISTERED NUMBER: | 05726904 (England and Wales)

| ACCOUNTANTS: | Morris Crocker

| Chartered Accountants

| Lake House

| 2 Port Way

| Port Solent

| Portsmouth

| Hampshire

| PO6 4TY

| SOUTH ROAD LIMITED (REGISTERED NUMBER: 05726904) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 337,950 |  | 337,950 |  |

CURRENT ASSETS

Cash at bank | 3,747 |  | 3,039 |  |

CREDITORS

Amounts falling due within one year | 5 | 337,138 |  | 337,611 |  |

NET CURRENT LIABILITIES | (333,391 | ) | (334,572 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,559 |  | 3,378 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 100 |  | 100 |  |

Retained earnings | 7 | 4,459 |  | 3,278 |  |

SHAREHOLDERS' FUNDS | 4,559 |  | 3,378 |  |

| SOUTH ROAD LIMITED (REGISTERED NUMBER: 05726904) |

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 14 April 2026 and were signed on its behalf by:

S L Booth - Director

| SOUTH ROAD LIMITED (REGISTERED NUMBER: 05726904) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| South Road 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.

| Turnover

| Turnover represents rental income from residential properties held in the company's property portfolio.

| Tangible fixed assets

| Depreciation is not provided on Freehold Property as all properties are residential properties and are maintained under tenant repairing leases.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

| Trade and other debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

| Trade and other creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

| 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 2 (2025 - 2 ) .

| SOUTH ROAD LIMITED (REGISTERED NUMBER: 05726904) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. | PROPERTY, PLANT AND EQUIPMENT

| Freehold

| property

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 337,950 |  |

| NET BOOK VALUE

| At 31 March 2026 | 337,950 |  |

| At 31 March 2025 | 337,950 |  |

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

2026 | 2025 |

£ | £ |

| Advance rent receipts | - |  | 3,875 |  |

| Other creditors | 3,424 |  | 3,424 |  |

| Directors' current accounts | 333,144 |  | 329,742 |  |

| Accruals | 570 |  | 570 |  |

337,138 |  | 337,611 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

7. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2025 | 3,278 |  |

| Profit for the year | 1,181 |  |

| At 31 March 2026 | 4,459 |  |

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is South Road FURBS Trust by virtue of its ownership of 95% of the issued ordinary share capital in the company.