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REGISTERED NUMBER: 03301127 (England and Wales)

| ABRIDGED UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| HENCON LIMITED |

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HENCON LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | Mr Jarleth Heneghan

| REGISTERED OFFICE: | c/o Michael Filiou Ltd

| Salisbury House

| 81 High Street

| Potters Bar

| Hertfordshire

| EN6 5AS

| REGISTERED NUMBER: | 03301127 (England and Wales)

| ACCOUNTANTS: | Michael Filiou Ltd

| Chartered Certified Accountants

| www.michaelfiliou.com

| Salisbury House

| 81 High Street

| Potters Bar

| Hertfordshire

| EN6 5AS

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

ABRIDGED BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 75 |  |

Investment property | 5 | 703,648 |  | 703,648 |  |

703,648 |  | 703,723 |  |

CURRENT ASSETS

Debtors | 1,363 |  | 736 |  |

Cash at bank | 9,843 |  | 8,938 |  |

11,206 |  | 9,674 |  |

CREDITORS

Amounts falling due within one year | 103,902 |  | 99,895 |  |

NET CURRENT LIABILITIES | (92,696 | ) | (90,221 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 610,952 |  | 613,502 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (75,569 | ) | (87,660 | ) |

PROVISIONS FOR LIABILITIES | (53,420 | ) | (53,420 | ) |

NET ASSETS | 481,963 |  | 472,422 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2 |  | 2 |  |

Fair value reserve | 10 | 227,712 |  | 227,712 |  |

Retained earnings | 254,249 |  | 244,708 |  |

SHAREHOLDERS' FUNDS | 481,963 |  | 472,422 |  |

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

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

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

ABRIDGED BALANCE SHEET - continued

31 DECEMBER 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 May 2026 and were signed by:

Mr Jarleth Heneghan - Director

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Hencon 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 the total rents receivable by the company.

| 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

| 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.

| Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| 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.

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2025 | 10,835 |  |

| Disposals | (10,835 | ) |

| At 31 December 2025 | - |  |

| DEPRECIATION

| At 1 January 2025 | 10,686 |  |

| Charge for year | 74 |  |

| Eliminated on disposal | (10,760 | ) |

| At 31 December 2025 | - |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | 149 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 703,648 |  |

| NET BOOK VALUE

| At 31 December 2025 | 703,648 |  |

| At 31 December 2024 | 703,648 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

2025 | 2024 |

£ | £ |

| Repayable by instalments

| Bank loans more 5 yr by instal | 24,962 |  | 34,142 |  |

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans due in one year | 11,559 |  | 10,879 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 50,607 |  | 53,518 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 24,962 |  | 34,142 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 87,128 |  | 98,539 |  |

| The loan mortgages are secured against the investment properties of the company. All the investment properties owned by the company and the related mortgages are held in the name of Mr Jarleth Heneghan as trustee for the company.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 January 2025

| and 31 December 2025 | 227,712 |  |

| HENCON LIMITED (REGISTERED NUMBER: 03301127) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr Jarleth Heneghan.

| The director, Mr Jarleth Heneghan, controls the company by virtue of the fact that he holds 100% of the issued share capital of the company.