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FENDFINE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2025

| FENDFINE LIMITED (REGISTERED NUMBER: 01109104) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Accountants' Report | 7 |

| FENDFINE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| DIRECTORS: | P J Charlton

| Mrs P Charlton

| SECRETARY: | Mrs P Charlton

| REGISTERED OFFICE: | First Floor, Woburn Court

| 2 Railton Road

| Woburn Road Ind Est

| Kempston

| Bedfordshire

| MK42 7PN

| REGISTERED NUMBER: | 01109104 (England and Wales)

| ACCOUNTANTS: | HW Bedford Limited

| Trading as Haines Watts

| First Floor, Woburn Court

| 2 Railton Road

| Woburn Rd Ind Est

| Kempston

| Bedfordshire

| MK42 7PN

| FENDFINE LIMITED (REGISTERED NUMBER: 01109104) |

BALANCE SHEET

30TH SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 66 |  | 145 |  |

Investments | 5 | 114,119 |  | 113,738 |  |

Investment property | 6 | 345,000 |  | 345,000 |  |

459,185 |  | 458,883 |  |

CURRENT ASSETS

Cash at bank and in hand | 65,544 |  | 93,358 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,261 |  | 2,936 |  |

NET CURRENT ASSETS | 61,283 |  | 90,422 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 520,468 |  | 549,305 |  |

PROVISIONS FOR LIABILITIES | 34,474 |  | 25,180 |  |

NET ASSETS | 485,994 |  | 524,125 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 200 |  | 200 |  |

Revaluation reserve | 9 | 188,758 |  | 209,961 |  |

Capital redemption reserve | 50 |  | 50 |  |

Retained earnings | 296,986 |  | 313,914 |  |

SHAREHOLDERS' FUNDS | 485,994 |  | 524,125 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

| FENDFINE LIMITED (REGISTERED NUMBER: 01109104) |

BALANCE SHEET - continued

30TH SEPTEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2026 and were signed on its behalf by:

P J Charlton - Director

| FENDFINE LIMITED (REGISTERED NUMBER: 01109104) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Fendfine 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 as modified by the revaluation of certain assets.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover for the year represents the following, stated net of value added tax where applicable:

| - rent receivable

| - income generated from investments

| Tangible fixed assets

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

| Computer equipment | - | 25% on cost

| Investment property

| Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. No formal valuation has taken place during the year by a professional independent valuer.

| 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.

| FENDFINE LIMITED (REGISTERED NUMBER: 01109104) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1st October 2024

| and 30th September 2025 | 317 |  |

| DEPRECIATION

| At 1st October 2024 | 172 |  |

| Charge for year | 79 |  |

| At 30th September 2025 | 251 |  |

| NET BOOK VALUE

| At 30th September 2025 | 66 |  |

| At 30th September 2024 | 145 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1st October 2024 | 113,738 |  |

| Additions | 28,863 |  |

| Disposals | (31,576 | ) |

| Revaluations | 3,094 |  |

| At 30th September 2025 | 114,119 |  |

| NET BOOK VALUE

| At 30th September 2025 | 114,119 |  |

| At 30th September 2024 | 113,738 |  |

| Cost or valuation at 30th September 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2018 | 927 |  |

| Valuation in 2019 | 4,804 |  |

| Valuation in 2020 | (1,816 | ) |

| Valuation in 2021 | 4,107 |  |

| Valuation in 2022 | (8,947 | ) |

| Valuation in 2023 | 5,809 |  |

| Valuation in 2024 | 13,151 |  |

| Cost | 96,084 |  |

114,119 |  |

| FENDFINE LIMITED (REGISTERED NUMBER: 01109104) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st October 2024

| and 30th September 2025 | 345,000 |  |

| NET BOOK VALUE

| At 30th September 2025 | 345,000 |  |

| At 30th September 2024 | 345,000 |  |

| Fair value at 30th September 2025 is represented by:

£ |

| Valuation in 2003 | 90,271 |  |

| Valuation in 2018 | 20,000 |  |

| Valuation in 2022 | 55,345 |  |

| Valuation in 2023 | 47,000 |  |

| Cost | 132,384 |  |

345,000 |  |

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

2025 | 2024 |

£ | £ |

| Corporation tax | 1,178 |  | 418 |  |

| Directors' current accounts | 924 |  | 219 |  |

| Accrued expenses | 2,159 |  | 2,299 |  |

4,261 |  | 2,936 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary Non Voting | £1 | 100 |  | 100 |  |

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

200 |  | 200 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1st October 2024 | 209,961 |  |

| Transfer from revaluation | (21,203 | ) |

| At 30th September 2025 | 188,758 |  |

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is The Charlton Family Trust.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

FENDFINE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fendfine Limited for the year ended 30th September 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fendfine Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fendfine Limited and state those matters that we have agreed to state to the Board of Directors of Fendfine Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fendfine Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fendfine Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fendfine Limited. You consider that Fendfine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fendfine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

6th May 2026