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REGISTERED NUMBER: 06339520 (England and Wales)

| SAPHIRE HOMES LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 AUGUST 2025 |

| SAPHIRE HOMES LIMITED (REGISTERED NUMBER: 06339520) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SAPHIRE HOMES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | Mr P Adamou BSc, MCMI, FPC

| Mr C Stylianou

| SECRETARY: | Mr P Adamou BSc, MCMI, FPC

| REGISTERED OFFICE: | South Point House

| 321 Chase Road

| Southgate

| London

| N14 6JT

| REGISTERED NUMBER: | 06339520 (England and Wales)

| ACCOUNTANTS: | Christiansons Ltd

| Chartered Certified Accountants

| Sterling House

| Fulbourne Road

| Walthamstow

| London

| E17 4EE

| SAPHIRE HOMES LIMITED (REGISTERED NUMBER: 06339520) |

BALANCE SHEET

31 AUGUST 2025

| 31.8.25 |  | 31.8.24

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 5 | 1,955,254 |  | 1,955,254 |  |

Debtors | 6 | 2,180,573 |  | 2,024,613 |  |

Cash at bank and in hand | 7,400 |  | 15,766 |  |

4,143,227 |  | 3,995,633 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,369,873 |  | 2,350,654 |  |

NET CURRENT ASSETS | 1,773,354 |  | 1,644,979 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,773,354 |  | 1,644,979 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 1,729,000 |  | 1,729,000 |  |

NET ASSETS/(LIABILITIES) | 44,354 |  | (84,021 | ) |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 12 | 44,254 |  | (84,121 | ) |

SHAREHOLDERS' FUNDS | 44,354 |  | (84,021 | ) |

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

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

| SAPHIRE HOMES LIMITED (REGISTERED NUMBER: 06339520) |

BALANCE SHEET - continued

31 AUGUST 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 Income Statement has not been delivered.

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

Mr P Adamou BSc, MCMI, FPC - Director

| SAPHIRE HOMES LIMITED (REGISTERED NUMBER: 06339520) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Saphire Homes 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

| Going concern

| 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.

| Tangible fixed assets

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

| Furniture, Fixtures & fittings | - | Straight line over 3 years

| Stocks of properties

| Stocks are valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overhead and interest to date of completion.

| 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.

| Other income

| Other income represents rents receivable. Other income is recognised when rent becomes due under the rental agreement.

3. | EMPLOYEES AND DIRECTORS

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

| SAPHIRE HOMES LIMITED (REGISTERED NUMBER: 06339520) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

4. | TANGIBLE FIXED ASSETS

| Furniture,

| Fixtures

| & fittings

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 15,580 |  |

| DEPRECIATION

| At 1 September 2024

| and 31 August 2025 | 15,580 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 31 August 2024 | - |  |

5. | STOCKS

| 31.8.25 |  | 31.8.24

£ | £ |

| Stock of properties | 1,955,254 |  | 1,955,254 |  |

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 63 |  | 64 |  |

| Other debtors | 173,800 |  | 20,200 |  |

| Related company | 1,996,545 |  | 1,999,986 |  |

| Prepayments and accrued income | 10,165 |  | 4,363 |  |

2,180,573 |  | 2,024,613 |  |

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade creditors | 13,344 |  | 25,869 |  |

| Corporation tax | 53,624 |  | 36,840 |  |

| Other creditors | 10,550 |  | 10,550 |  |

| Amounts due to group undertaking | 1,775,052 |  | 1,775,052 |  |

| Amounts owed to related companies | 340,850 |  | 328,850 |  |

| Directors' loan accounts | 169,773 |  | 169,773 |  |

| Accruals and deferred income | 6,680 |  | 3,720 |  |

2,369,873 |  | 2,350,654 |  |

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans (see note 9) | 1,729,000 |  | 1,729,000 |  |

| SAPHIRE HOMES LIMITED (REGISTERED NUMBER: 06339520) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

9. | LOANS

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

| 31.8.25 |  | 31.8.24

£ | £ |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 1,729,000 |  | 1,729,000 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.8.25 |  | 31.8.24

£ | £ |

| Bank loans | 1,729,000 |  | 1,729,000 |  |

| The bank loans are secured by fixed and floating charges on the stock of land and buildings held by the company.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.8.25 |  | 31.8.24

| value: | £ | £ |

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

12. | RESERVES

| Retained

| earnings

£ |

| At 1 September 2024 | (84,121 | ) |

| Profit for the year | 128,375 |  |

| At 31 August 2025 | 44,254 |  |

13. | ULTIMATE CONTROLLING PARTY

| The company is controlled by Adams & Styles Properties Limited, by virtue of holding the entire share capital of the company. There is no overall control of Adams & Styles Properties Limited by any one person.