1977 Group Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the director on the preparation of the unaudited statutory accounts of 1977 Group Ltd for the period 1 May 2025 to 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1977 Group Ltd which comprise the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of 1977 Group Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 1977 Group Ltd and state those matters that we have agreed to state to the director of 1977 Group Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1977 Group Ltd and its director as a body for our work or for this report.

It is your duty to ensure that 1977 Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of 1977 Group Ltd . You consider that 1977 Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of 1977 Group 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 financial statements.

11 June 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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1977 Group Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 16424756

		31 December 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		5,143
Investment Properties	5		354,464

			359,607
CURRENT ASSETS
Debtors	6	1,779
Cash at bank and in hand		1,651

		3,430
Creditors: Amounts Falling Due Within One Year	7	(292,624 )

NET CURRENT ASSETS (LIABILITIES)			(289,194 )

TOTAL ASSETS LESS CURRENT LIABILITIES			70,413

Creditors: Amounts Falling Due After More Than One Year	8		(70,411 )

NET ASSETS			2

CAPITAL AND RESERVES
Called up share capital			1
Profit and Loss Account			1

SHAREHOLDERS' FUNDS			2

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1977 Group Ltd

Balance Sheet (continued)

As At 31 December 2025

For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 11 June 2026 and were signed on its behalf by:

Mr J Goode

Director

The notes on pages 4 to 8 form part of these financial statements.

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1977 Group Ltd

Notes to the Financial Statements

For the Period 1 May 2025 to 31 December 2025

Notes to the Financial Statements

1. General Information

1977 Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16424756 . The registered office is 1 Portfield Road, Christchurch, England, BH23 2AF.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.

2.3. Turnover

Turnover includes revenue earned from income derived from leasing out properties held by the company. Property rental income received is recognised on a straight-line basis over the life of the relevant lease agreement.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% on cost

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these adjustments at the rate expected to apply when the properties are sold.

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1977 Group Ltd

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 31 December 2025

2.6. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

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1977 Group Ltd

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 31 December 2025

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 May 2025	-
Additions	5,494

As at 31 December 2025	5,494

Depreciation
As at 1 May 2025	-
Provided during the period	351

As at 31 December 2025	351

Net Book Value
As at 31 December 2025	5,143

As at 1 May 2025	-

5. Investment Property

	31 December 2025
	£
Fair Value
As at 1 May 2025	-
Additions	354,464

As at 31 December 2025	354,464

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	31 December 2025
	£
Cost	354,464

Investment property was valued on an open market basis on 31 December 2025 by the director.

6. Debtors

	31 December 2025
	£
Due within one year
Prepayments and accrued income	639
Other debtors	1,140

	1,779

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1977 Group Ltd

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Bank loans and overdrafts	4,209
Corporation tax	181
Accruals and deferred income	2,147
Director's loan account	286,087

	292,624

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025
	£
Bank loans	70,411

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	31 December 2025
	£
Bank loans	49,367

9. Secured Creditors

At the year end the following securities were in place in favour of West One Secured Loans Limited.

Continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee charges to the lender a first legal mortgage over land flat 2, 136 commercial road, bournemouth, BH2 5LU as registered under title DT275747; and a first fixed charge.

Contains negative pledge.

Of the creditors the following amounts are secured:

	31 December 2025
	£
Bank loans and overdrafts	74,620

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1977 Group Ltd

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 31 December 2025

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2025
	£
Not later than one year	250
Later than one year and not later than five years	1,000
Later than five years	54,292

	55,542

11. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 May 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Joseph Goode	-	1	(286,088 )	-	(286,087 )

The above loan is interest free and has no fixed repayment terms.

12. Post Balance Sheet Events

As at May 2026, the company purchased a property for £163,282 to be rented out.

13. Ultimate Controlling Party

The company's ultimate controlling party is Mr J Goode .

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