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REGISTERED NUMBER: 16490318 (England and Wales)

Unaudited Financial Statements

for the Period 2nd June 2025 to 31st December 2025

for

WALTERFRANK DEVELOPMENT 1 LIMITED

WALTERFRANK DEVELOPMENT 1 LIMITED (REGISTERED NUMBER: 16490318) |

Contents of the Financial Statements

for the Period 2nd June 2025 to 31st December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WALTERFRANK DEVELOPMENT 1 LIMITED |

Company Information

for the Period 2nd June 2025 to 31st December 2025

| DIRECTORS: | M Napoli

| C Napoli

| REGISTERED OFFICE: | 87-89 Leigh Road

| Eastleigh

| SO50 9DQ

| REGISTERED NUMBER: | 16490318 (England and Wales)

| ACCOUNTANTS: | Graham Martin & Co

| Accountants

| 89 Leigh Road

| Eastleigh

| Hampshire

| SO50 9DQ

WALTERFRANK DEVELOPMENT 1 LIMITED (REGISTERED NUMBER: 16490318) |

Balance Sheet

31st December 2025

| Notes | £ | £ |

| FIXED ASSETS

| Investment property | 4 | 292,779 |  |

| CURRENT ASSETS

| Cash at bank | 5,115 |  |  |

| CREDITORS

| Amounts falling due within one year | 5 | 6,393 |  |

| NET CURRENT LIABILITIES | (1,278 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 291,501 |  |

| CREDITORS

| Amounts falling due after more than one year | 6 | 303,660 |  |

| NET LIABILITIES | (12,159 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 100 |  |

| Retained earnings | (12,259 | ) |

(12,159 | ) |

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

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

WALTERFRANK DEVELOPMENT 1 LIMITED (REGISTERED NUMBER: 16490318) |

Balance Sheet - continued

31st December 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 Statement of Income and Retained Earnings has not been delivered.

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

M Napoli - Director

WALTERFRANK DEVELOPMENT 1 LIMITED (REGISTERED NUMBER: 16490318) |

Notes to the Financial Statements

for the Period 2nd June 2025 to 31st December 2025

1. | STATUTORY INFORMATION

| Walterfrank Development 1 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.

| At 31 December 2025 the company's liabilities exceeded its assets by £12,159 These accounts have been prepared on the going concern basis as the Directors' have provided sufficient finance for a minimum 12 month period from the date of approval of these financial statements.

| 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.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL.

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 292,779 |  |

| At 31st December 2025 | 292,779 |  |

| NET BOOK VALUE

| At 31st December 2025 | 292,779 |  |

WALTERFRANK DEVELOPMENT 1 LIMITED (REGISTERED NUMBER: 16490318) |

Notes to the Financial Statements - continued

for the Period 2nd June 2025 to 31st December 2025

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

£ |

| Amounts owed to group undertakings | 5,493 |  |

| Other creditors | 900 |  |

6,393 |  |

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

£ |

| Other creditors | 303,660 |  |

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the period ended 31st December 2025:

£ |

| M Napoli |

| Balance outstanding at start of period | - |  |

| Amounts advanced | 152,187 |  |

| Amounts repaid | - |  |

| Amounts written off | - |  |

| Amounts waived | - |  |

| Balance outstanding at end of period | 152,187 |  |

| C Napoli |

| Balance outstanding at start of period | - |  |

| Amounts advanced | 151,473 |  |

| Amounts repaid | - |  |

| Amounts written off | - |  |

| Amounts waived | - |  |

| Balance outstanding at end of period | 151,473 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company is under the joint control of the Directors, Mr M Napoli and Mrs C Napoli.