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Company Registration Number: 02294390

Seven Elephants Development Limited

Director's Report and Unaudited Financial Statements

for the financial year ended 31 January 2026

Seven Elephants Development Limited

DIRECTOR AND OTHER INFORMATION

Director | Mrs Catherine Mary Robinson
Company Registration Number | 02294390
Registered Office | 5 Brayford Square
| London
| E10SG
| United Kingdom
Business Address | 4 Brookview Rise
| Enniskillen
| Fermanagh
| BT74 7NN
| Northern Ireland
Accountants | HRJ Accountancy Services Limited
| 5 Brayford Square
| London
| London
| E1 0SG
| GB

Seven Elephants Development Limited

DIRECTOR'S REPORT

for the financial year ended 31 January 2026

The director presents her report and the unaudited financial statements for the financial year ended 31 January 2026.

Director

The director who served during the financial year is as follows:

Mrs Catherine Mary Robinson

There were no changes in shareholdings between 31 January 2026 and the date of signing the financial statements.

In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and apply them consistently;
- | make judgements and accounting estimates that are reasonable and prudent;
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mrs Catherine Mary Robinson

Director

30 April 2026

Seven Elephants Development Limited

ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of Seven Elephants Development Limited

for the financial year ended 31 January 2026

In accordance with my engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, I have compiled for your approval the financial statements of the company for the financial year ended 31 January 2026 as set out on pages to which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes from the company's accounting records and from information and explanations you have given to me.

This report is made solely to the director of Seven Elephants Development Limited, in accordance with the terms of my engagement. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the company’s Director that I have done so, and state those matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and its director for my work or for this report.

I have carried out this engagement in accordance with guidance issued by C1001 and have complied with the relevant ethical guidance laid down by C1001 relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 31 January 2026 your duty to ensure that Seven Elephants Development 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 profit of Seven Elephants Development Limited. You consider that Seven Elephants Development Limited is exempt from the statutory audit requirement for the financial year.

I have not been instructed to carry out an audit or a review of the financial statements of Seven Elephants Development Limited. For this reason, I have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

__________________________________

HRJ ACCOUNTANCY SERVICES LIMITED

5 Brayford Square

London

London

E1 0SG

GB

27 April 2026

Seven Elephants Development Limited

PROFIT AND LOSS ACCOUNT

for the financial year ended 31 January 2026

|  | 2026 |  | 2025
| Notes | £ |  | £

Administrative expenses |  | (87,416) |  | (86,520)
Other operating income |  | 99,540 |  | 93,900
|  | ───────── |  | ─────────
Operating profit |  | 12,124 |  | 7,380
Interest receivable and similar income |  | 12,197 |  | 18,547
|  | ───────── |  | ─────────
Profit on ordinary activities before taxation |  | 24,321 |  | 25,927
Tax on profit on ordinary activities |  | (2,312) |  | (3,524)
|  | ───────── |  | ─────────
Profit for the financial year |  | 22,009 |  | 22,403
|  | ───────── |  | ─────────
Total comprehensive income |  | 22,009 |  | 22,403
|  | ═════════ |  | ═════════

Seven Elephants Development Limited

Company Registration Number: 02294390

BALANCE SHEET

as at 31 January 2026

|  |  | 2026 |  | 2025
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 5 | 1,857,480 |  | 1,862,682
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 6 | 1,662 |  | 1,505
Cash at bank and in hand |  |  | 466,343 |  | 469,210
|  |  | ───────── |  | ─────────
|  |  | 468,005 |  | 470,715
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (538,411) |  | (551,732)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (70,406) |  | (81,017)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 1,787,074 |  | 1,781,665
Provisions for liabilities |  | 9 | (312,332) |  | (312,332)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 1,474,742 |  | 1,469,333
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  | 10 | 40,000 |  | 40,000
Share premium account |  | 11 | 40,100 |  | 40,100
Retained earnings |  |  | 1,394,642 |  | 1,389,233
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 1,474,742 |  | 1,469,333
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 30 April 2026

________________________________ |  |  |  |  |
Mrs Catherine Mary Robinson |  |  |  |  |
Director |  |  |  |  |

Seven Elephants Development Limited

RECONCILIATION OF SHAREHOLDERS' FUNDS

as at 31 January 2026

| Called up | Share | Retained | Total
| share | premium | earnings |
| capital | account |  |
| £ | £ | £ | £
At 1 February 2024 | - | 40,100 | 1,381,830 | 1,421,930
| ───────── | ───────── | ───────── | ─────────
Profit for the financial year | - | - | 22,403 | 22,403
| ───────── | ───────── | ───────── | ─────────
Payment of dividends | - | - | (15,000) | (15,000)
| ───────── | ───────── | ───────── | ─────────
At 31 January 2025 | 40,000 | 40,100 | 1,389,233 | 1,469,333
| ───────── | ───────── | ───────── | ─────────
Profit for the financial year | - | - | 22,009 | 22,009
| ───────── | ───────── | ───────── | ─────────
Payment of dividends | - | - | (16,600) | (16,600)
| ───────── | ───────── | ───────── | ─────────
At 31 January 2026 | 40,000 | 40,100 | 1,394,642 | 1,474,742
| ═════════ | ═════════ | ═════════ | ═════════

Seven Elephants Development Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 January 2026

1. | General Information
| Seven Elephants Development Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 02294390. The registered office of the company is 5 Brayford Square, London, E10SG, United Kingdom. Buying and selling of own real estate The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 January 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Fixtures, fittings and equipment | - | 15% Reducing Balance
|  | Motor vehicles | - | 25% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Investment properties
| Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including director, during the financial year was 1, (2025 - 1).
|  | 2026 | 2025
|  | Number | Number
| employees | 1 | 1
|  | ═════════ | ═════════

4. | Dividends | 2026 | 2025
|  | £ | £
| Dividends on equity shares:
| Ordinary Shares - Interim paid | 10,790 | 15,000
| Ordinary Shares - Final paid or accrued | 5,810 | -
|  | ───────── | ─────────
|  | 16,600 | 15,000
|  | ═════════ | ═════════

5. | Tangible assets
|  | Investment | Fixtures, | Motor | Total
|  | properties | fittings and | vehicles |
|  |  | equipment |  |
|  | £ | £ | £ | £
| Cost
| At 1 February 2025 | 1,840,000 | 85,239 | 31,400 | 1,956,639
|  | ───────── | ───────── | ───────── | ─────────
| At 31 January 2026 | 1,840,000 | 85,239 | 31,400 | 1,956,639
|  | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 February 2025 | - | 73,223 | 20,734 | 93,957
| Charge for the financial year | - | 1,959 | 3,243 | 5,202
|  | ───────── | ───────── | ───────── | ─────────
| At 31 January 2026 | - | 75,182 | 23,977 | 99,159
|  | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 January 2026 | 1,840,000 | 10,057 | 7,423 | 1,857,480
|  | ═════════ | ═════════ | ═════════ | ═════════
| At 31 January 2025 | 1,840,000 | 12,016 | 10,666 | 1,862,682
|  | ═════════ | ═════════ | ═════════ | ═════════

6. | Debtors | 2026 | 2025
|  | £ | £
| Prepayments and accrued income | 1,662 | 1,505
|  | ═════════ | ═════════

7. | Creditors | 2026 | 2025
| Amounts falling due within one year | £ | £
| Bank loan and overdrafts | - | 409
| Other loans | 235,000 | 240,000
| Trade creditors | 28,569 | 28,569
| Taxation (Note 8) | 2,312 | 3,524
| Director's current account | 253,500 | 260,000
| Other creditors | 13,227 | 13,077
| Accruals | 5,803 | 6,153
|  | ───────── | ─────────
|  | 538,411 | 551,732
|  | ═════════ | ═════════

8. | Taxation | 2026 | 2025
|  | £ | £
| Creditors:
| Corporation tax | 2,312 | 3,524
|  | ═════════ | ═════════

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Property | Total | Total
|  | revaluations |  |
|  |  | 2026 | 2025
|  | £ | £ | £
| At financial year start | 312,332 | 312,332 | 312,332
|  | ───────── | ───────── | ─────────
| At financial year end | 312,332 | 312,332 | 312,332
|  | ═════════ | ═════════ | ═════════

10. | Share capital |  |  | 2026 | 2025
|  |  |  | £ | £
| Description | Number of shares | Value of units |  |
| Allotted, called up and fully paid
| Ordinary | 40,000 | £1.00 each | 40,000 | 40,000
|  |  |  | ═════════ | ═════════

11. | Reserves
| Share Premium Reserve
| The amount carried forward is the premium that arose from the issue of shares in 2010.

12. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 January 2026.

13. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.

Seven Elephants Development Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 31 January 2026

| 2026 |  | 2025
| £ |  | £

Administrative expenses - Schedule 1 | 87,416 |  | 86,520
| ───────── |  | ─────────
Miscellaneous income

Rent receivable | 99,540 |  | 93,900
Bank interest | 12,197 |  | 18,547
| ───────── |  | ─────────
| 111,737 |  | 112,447
| ───────── |  | ─────────
Net profit | 24,321 |  | 25,927
| ═════════ |  | ═════════

Seven Elephants Development Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1: ADMINISTRATIVE EXPENSES ANALYSIS

for the financial year ended 31 January 2026

|  | 2026 |  | 2025
| £ | £ | £ | £

Director's and Staff Costs

Wages and salaries | 25,000 |  | 27,000 |
Employers NIC (UK) PRSI (Ireland) | 87 |  | 87 |
Pension costs | 16,000 |  | 9,000 |
Staff welfare | 219 |  | - |
| ───────── |  | ───────── |
|  | 41,306 |  | 36,087
Office Expenses

Printing, postage and stationery | 209 |  | 222 |
Telephone Broadband | 1,537 |  | 1,050 |
| ───────── |  | ───────── |
|  | 1,746 |  | 1,272
Premises and Equipment Expenses

Use of premises | 312 |  | 312 |
Rent payable | 3,562 |  | 5,120 |
Insurance | 1,365 |  | 1,232 |
Light and heat | 1,858 |  | 1,692 |
Repairs and maintenance | 11,298 |  | 9,717 |
Computer costs | 660 |  | 140 |
| ───────── |  | ───────── |
|  | 19,055 |  | 18,213
General Expenses

General expenses | 857 |  | 455 |
Charitable donations - other | 365 |  | 150 |
| ───────── |  | ───────── |
|  | 1,222 |  | 605
Sales and Promotional Expenses

Motor expenses | 1,472 |  | 1,023 |
Travelling and entertainment | 2,295 |  | 4,867 |
| ───────── |  | ───────── |
|  | 3,767 |  | 5,890
Professional and Financial Expenses

Legal and professional | 940 |  | 5,844 |
Consultancy fees | 2,016 |  | - |
Accountancy Fees | 6,620 |  | 8,470 |
Bank charges | 59 |  | 166 |
Credit card charges | 71 |  | - |
Management agent expenses | 5,412 |  | - |
| ───────── |  | ───────── |
|  | 15,118 |  | 14,480
Depreciation

Fixtures, fittings and equipment depreciation | 1,959 |  | 3,345 |
Motor vehicles depreciation | 3,243 |  | 6,628 |
| ───────── |  | ───────── |
|  | 5,202 |  | 9,973
|  | ───────── |  | ─────────
|  | 87,416 |  | 86,520
|  | ═════════ |  | ═════════