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REGISTERED NUMBER: 09221603 (England and Wales)

| Bridwell Developments Ltd |

| Abridged Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| Bridwell Developments Ltd (Registered number: 09221603) |

Contents of the Financial Statements

for the year ended 31 March 2026

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Statement of Financial Position | 3 |

| Notes to the Financial Statements | 5 |

| Bridwell Developments Ltd |

Company Information

for the year ended 31 March 2026

| DIRECTOR: | Mr S Dinc

| REGISTERED OFFICE: | 239-241 Kennington Lane

| London

| SE11 5QU

| REGISTERED NUMBER: | 09221603 (England and Wales)

| ACCOUNTANTS: | Alton & Co

| Chartered Accountants

| 239-241 Kennington Lane

| London

| SE11 5QU

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Bridwell Developments Ltd

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director 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 Bridwell Developments Ltd for the year ended 31 March 2026 which comprise the Abridged Income Statement, Statement of Financial Position 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 director of Bridwell Developments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bridwell Developments Ltd and state those matters that we have agreed to state to the director of Bridwell Developments Ltd 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 Bridwell Developments Ltd and its director for our work or for this report.

It is your duty to ensure that Bridwell Developments Ltd 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 Bridwell Developments Ltd. You consider that Bridwell Developments Ltd 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 Bridwell Developments Ltd. 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

13 May 2026

| Bridwell Developments Ltd (Registered number: 09221603) |

Statement of Financial Position

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 2,305 |  | 2,711 |  |

Investment property | 5 | 1,935,000 |  | 1,935,000 |  |

1,937,305 |  | 1,937,711 |  |

CURRENT ASSETS

Debtors | 6 | 665,540 |  | 2,119,960 |  |

Cash at bank | 27,546 |  | 135,158 |  |

693,086 |  | 2,255,118 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,114,658 |  | 882,208 |  |

NET CURRENT (LIABILITIES)/ASSETS | (421,572 | ) | 1,372,910 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,515,733 |  | 3,310,621 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,199,316 | ) | (2,907,316 | ) |

PROVISIONS FOR LIABILITIES | 10 | (186,318 | ) | (186,340 | ) |

NET ASSETS | 130,099 |  | 216,965 |  |

| Bridwell Developments Ltd (Registered number: 09221603) |

Statement of Financial Position - continued

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 11 | 5,000 |  | 5,000 |  |

Non-distributable reserves | 12 | 781,152 |  | 781,152 |  |

Retained earnings | 12 | (656,053 | ) | (569,187 | ) |

SHAREHOLDERS' FUNDS | 130,099 |  | 216,965 |  |

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 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.

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 Income Statement for the year ended 31 March 2026 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 13 May 2026 and were signed by:

Mr S Dinc - Director

| Bridwell Developments Ltd (Registered number: 09221603) |

Notes to the Financial Statements

for the year ended 31 March 2026

1. | STATUTORY INFORMATION

| Bridwell Developments Ltd 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 as modified by the revaluation of certain assets.

| Turnover

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

| Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

| 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 | - | 15% on reducing balance

| Investment property

| Under FRS 102 Section 16, investment property is not depreciated. Instead, it is measured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Any improvement costs are capitalized and included in the fair value measurement, but they are also not depreciated separately.

| Going concern

| The financial statements have been prepared on the going concern basis on the understanding that the director will continue to financially support the company to meet all liabilities as they fall due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2025 - 1 ) .

| Bridwell Developments Ltd (Registered number: 09221603) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| and

| fittings

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 11,400 |  |

| DEPRECIATION

| At 1 April 2025 | 8,689 |  |

| Charge for year | 406 |  |

| At 31 March 2026 | 9,095 |  |

| NET BOOK VALUE

| At 31 March 2026 | 2,305 |  |

| At 31 March 2025 | 2,711 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025

| and 31 March 2026 | 1,935,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,935,000 |  |

| At 31 March 2025 | 1,935,000 |  |

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2017 | 232,253 |  |

| Valuation in 2018 | 450,000 |  |

| Valuation in 2020 | 215,000 |  |

| Valuation in 2023 | 70,000 |  |

| Cost | 967,747 |  |

1,935,000 |  |

| Bridwell Developments Ltd (Registered number: 09221603) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

5. | INVESTMENT PROPERTY - continued

| Director’s Assessment of Valuation

| The director did not obtain an independent external valuation of the investment properties for the reporting period. The valuation has been determined solely based on the director’s judgement, taking into account their knowledge of the properties and current market conditions. The director considers the carrying amount to be a reasonable approximation of the properties’ open market value.

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

2026 | 2025 |

£ | £ |

| Trade debtors | 8,800 |  | 3,000 |  |

| Foxtons-agents float | 350 |  | 350 |  |

| Intercompany loans | 80,303 |  | 58,342 |  |

| Directors' current accounts | - |  | 1,482,164 |  |

| S455 tax recoverable | 575,632 |  | 575,632 |  |

| Prepayments | 455 |  | 472 |  |

665,540 |  | 2,119,960 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 952 |  | - |  |

| Trade creditors | 5,014 |  | 8,758 |  |

| Tax | 100 |  | - |  |

| S455 tax payable | 636,687 |  | 633,274 |  |

| Social security and other taxes | 8,557 |  | 2,427 |  |

| Intercompany loans | 225,298 |  | 233,669 |  |

| Directors' current accounts | 229,890 |  | - |  |

| Accrued expenses | 8,160 |  | 4,080 |  |

1,114,658 |  | 882,208 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans more 5 yrs non-inst | 1,192,000 |  | 2,900,000 |  |

| Tenants deposits | 7,316 |  | 7,316 |  |

1,199,316 |  | 2,907,316 |  |

| Bridwell Developments Ltd (Registered number: 09221603) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

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

2026 | 2025 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 1,192,000 |  | 2,900,000 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 1,192,000 |  | 2,900,000 |  |

| Bank loans are secured on the leasehold property building known as 224 Trafalgar Road, London, SE10 9ER.

10. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax | 186,318 |  | 186,340 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 186,340 |  |

| Credit to Income Statement during year | (22 | ) |

| Balance at 31 March 2026 | 186,318 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |

| Bridwell Developments Ltd (Registered number: 09221603) |

Notes to the Financial Statements - continued

for the year ended 31 March 2026

12. | RESERVES

| Retained |  | Non-distributable |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 April 2025 | (569,187 | ) | 781,152 |  | 211,965 |  |

| Deficit for the year | (86,866 | ) | (86,866 | ) |

| At 31 March 2026 | (656,053 | ) | 781,152 |  | 125,099 |  |

13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026 | 2025 |

£ | £ |

| Mr S Dinc

| Balance outstanding at start of year | 1,482,164 |  | 1,705,575 |  |

| Amounts repaid | (1,712,054 | ) | (223,411 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (229,890 | ) | 1,482,164 |  |

14. | RELATED PARTY DISCLOSURES

| Transactions with related parties:

| 1.At the balance sheet date, amounts due to key management personnel totalled £229,890 (2025: £1,482,164 receivable from key management personnel).

| These balances are unsecured, interest-free, and repayable on demand.

| 2.Loans receivable from entities under common and joint control amounted to £80,303 (2025: £58,342).

| These loans are unsecured, bear interest at market rates, and have no fixed repayment terms.

| 3.Amounts payable to entities under common and joint control totalled £225,298 (2025: £233,669).

| These loans are unsecured, bear interest at market rates, and have no fixed repayment terms.