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REGISTERED NUMBER: 03273122 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

CORNVALLEY ESTATES LIMITED

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| CORNVALLEY ESTATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | J W Raggett

| N Foster

| A W Rudge

| SECRETARY: | I J Cattell

| REGISTERED OFFICE: | 34 Waterloo Road

| Wolverhampton

| West Midlands

| WV1 4DG

| REGISTERED NUMBER: | 03273122 (England and Wales)

| ACCOUNTANTS: | Crombies Accountants Limited

| Chartered Accountants

| 34 Waterloo Road

| Wolverhampton

| West Midlands

| WV1 4DG

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

STATEMENT OF FINANCIAL POSITION

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 94 |  | 282 |  |

Investment property | 5 | 14,038,000 |  | 16,153,000 |  |

14,038,094 |  | 16,153,282 |  |

CURRENT ASSETS

Debtors | 6 | 599,616 |  | 180,392 |  |

Prepayments and accrued income | - |  | 17,812 |  |

Cash at bank | 3,143,982 |  | 2,617,927 |  |

3,743,598 |  | 2,816,131 |  |

CREDITORS

Amounts falling due within one year | 7 | 636,290 |  | 567,910 |  |

NET CURRENT ASSETS | 3,107,308 |  | 2,248,221 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 17,145,402 |  | 18,401,503 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (6,258,760 | ) | (7,837,221 | ) |

PROVISIONS FOR LIABILITIES | (89,834 | ) | (123,480 | ) |

NET ASSETS | 10,796,808 |  | 10,440,802 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Revaluation reserve | 10 | 1,828,578 |  | 1,290,097 |  |

Retained earnings | 8,967,230 |  | 9,149,705 |  |

SHAREHOLDERS' FUNDS | 10,796,808 |  | 10,440,802 |  |

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

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

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

STATEMENT OF FINANCIAL POSITION - continued

30 NOVEMBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

A W Rudge - Director

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Cornvalley Estates 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 as modified by the revaluation of certain assets.

| Tangible fixed assets

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

| Plant and machinery | - | 15% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit or loss in the period that they arise.

| Financial instruments

| Financial assets

| Financial assets comprise cash at bank and in hand and trade debtors; these are initially recorded at cost on the date they originate and are subsequently recorded at cost less provisions for impairment. The company considers evidence of impairment for all individual trade, and any subsequent impairment is recognised in the statement of income and retained earnings.

| Impairment of financial assets

| Impairment provisions are recognised where there is objective evidence that a financial asset or group of financial assets is impaired. Objective evidence includes significant financial difficulties of the counterparty. default or significant delays in payment.

| Impairment provisions represent the difference between the net carrying amount of a financial asset and the value of the expected future cash receipts from that asset.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 34,306 |  |

| DEPRECIATION

| At 1 December 2024 | 34,024 |  |

| Charge for year | 188 |  |

| At 30 November 2025 | 34,212 |  |

| NET BOOK VALUE

| At 30 November 2025 | 94 |  |

| At 30 November 2024 | 282 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| COST OR VALUATION

| At 1 December 2024 | 16,153,000 |  |

| Disposals | (2,115,000 | ) |

| At 30 November 2025 | 14,038,000 |  |

| NET BOOK VALUE

| At 30 November 2025 | 14,038,000 |  |

| At 30 November 2024 | 16,153,000 |  |

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

5. | INVESTMENT PROPERTY - continued

| Cost or valuation at 30 November 2025 is represented by:

£ |

| Valuation in 2012 | (127,623 | ) |

| Valuation in 2017 | 227,325 |  |

| Valuation in 2024 | 1,818,710 |  |

| Cost | 12,119,588 |  |

14,038,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 14,739,423 |  | 14,739,423 |  |

| Investment properties are revalued annually by Chartered Surveyors retained by the company, and are stated at open market value as at the Balance Sheet date.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,249 |  | 22,273 |  |

| Cash in hand of agent | 96,367 |  | 158,119 |  |

| Amounts owed by associates | 500,000 |  | - |  |

599,616 |  | 180,392 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 9) | - |  | 109,172 |  |

| Trade creditors | 3,758 |  | 101,462 |  |

| Corporation tax payable | 189,511 |  | 126,695 |  |

| Social security and other taxes | 20,967 |  | 3,991 |  |

| Accruals and deferred income | 422,054 |  | 226,590 |  |

636,290 |  | 567,910 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 9) | - |  | 1,980,270 |  |

| Other loans (see note 9) | 1,373,989 |  | 1,373,989 |  |

| Directors' loan accounts | 4,884,771 |  | 4,482,962 |  |

6,258,760 |  | 7,837,221 |  |

CORNVALLEY ESTATES LIMITED (REGISTERED NUMBER: 03273122) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

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

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 1,373,989 |  | 1,373,989 |  |

9. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | - |  | 109,172 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 109,172 |  |

| Amounts falling due between two and five years:

| Bank loans repayable between 2 - 5 years | - |  | 1,871,098 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 1,373,989 |  | 1,373,989 |  |

| The bank loans are secured against Investment properties of the company. The loans are repayable as stated above. Interest is calculated at various rates.

| Other loans have no fixed repayment terms but are repayable at some future date at the company's discretion.

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 December 2024 | 1,290,097 |  |

| Revaluation realised on sale | 538,481 |  |

| At 30 November 2025 | 1,828,578 |  |