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REGISTERED NUMBER: 01724339 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

| FOR |

| FLEETWOOD DEVELOPMENTS LIMITED |

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FLEETWOOD DEVELOPMENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTOR: | R F Kilby

| REGISTERED OFFICE: | Ground Floor

| Egerton House

| 68 Baker Street

| Weybridge

| Surrey

| KT13 8AL

| REGISTERED NUMBER: | 01724339 (England and Wales)

| ACCOUNTANTS: | RJP LLP

| Ground Floor

| Egerton House

| 68 Baker Street

| Weybridge

| Surrey

| KT13 8AL

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

BALANCE SHEET

31 OCTOBER 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 55 |  |

Investments | 5 | 200 |  | 200 |  |

Investment property | 6 | 17,280,000 |  | 17,759,000 |  |

17,280,200 |  | 17,759,255 |  |

CURRENT ASSETS

Stocks | 14,840,362 |  | 15,160,513 |  |

Debtors | 7 | 4,102,124 |  | 3,874,385 |  |

Cash at bank | 281,470 |  | 13,145 |  |

19,223,956 |  | 19,048,043 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,746,915 |  | 3,922,812 |  |

NET CURRENT ASSETS | 15,477,041 |  | 15,125,231 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 32,757,241 |  | 32,884,486 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (13,854,625 | ) | (14,054,625 | ) |

PROVISIONS FOR LIABILITIES | 11 | (1,250,790 | ) | (1,280,121 | ) |

NET ASSETS | 17,651,826 |  | 17,549,740 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 2,000 |  | 2,000 |  |

Retained earnings | 17,649,826 |  | 17,547,740 |  |

SHAREHOLDERS' FUNDS | 17,651,826 |  | 17,549,740 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

BALANCE SHEET - continued

31 OCTOBER 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 director and authorised for issue on 3 June 2026 and were signed by:

R F Kilby - Director

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Fleetwood Developments 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

| 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents income derived from the sale of properties.

| Property sales are recognised on exchange of contracts.

| 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 etc | - | 25% on cost and 20% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

| At each balance sheet date, stocks of properties are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like a payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:

| - at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their value can otherwise be measured reliably;

| - at cost less impairment for all other investments.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| 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 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.

3. | EMPLOYEES AND DIRECTORS

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

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 1,168,644 |  |

| DEPRECIATION

| At 1 November 2024 | 1,168,589 |  |

| Charge for year | 55 |  |

| At 31 October 2025 | 1,168,644 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  |

| At 31 October 2024 | 55 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 200 |  |

| NET BOOK VALUE

| At 31 October 2025 | 200 |  |

| At 31 October 2024 | 200 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 17,759,000 |  |

| Disposals | (479,000 | ) |

| At 31 October 2025 | 17,280,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 17,280,000 |  |

| At 31 October 2024 | 17,759,000 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2025 | 17,280,000 |  |

| Investment property was valued on an open market basis on 31 October 2025 by the director who is a qualified (FRICS) Chartered Surveyor. On a historical cost basis the investment properties would have been included at an original cost of £8,150,615 (2024 - £8,461,162).

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Amounts owed by group undertakings | 2,653,937 |  | 2,682,073 |  |

| Other debtors | 1,448,187 |  | 1,192,312 |  |

4,102,124 |  | 3,874,385 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans and overdrafts | - |  | 386,656 |  |

| Amounts owed to group undertakings | 3,013,770 |  | 3,083,443 |  |

| Taxation and social security | 376,574 |  | 173,578 |  |

| Other creditors | 356,571 |  | 279,135 |  |

3,746,915 |  | 3,922,812 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans | 13,854,625 |  | 14,054,625 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank overdraft | - |  | 386,656 |  |

| Bank loans | 13,854,625 |  | 14,054,625 |  |

13,854,625 |  | 14,441,281 |  |

| The company overdraft and bank loans are secured over the company's freehold and leasehold properties.

11. | PROVISIONS FOR LIABILITIES

| 31.10.25 |  | 31.10.24

£ | £ |

| Deferred tax | 1,250,790 |  | 1,280,121 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 1,280,121 |  |

| Provided during year | (29,331 | ) |

| Balance at 31 October 2025 | 1,250,790 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

| 2,000 | Ordinary | £1 | 2,000 |  | 2,000 |  |

FLEETWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01724339)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

| 31.10.25 |  | 31.10.24

£ | £ |

| Director

| Balance outstanding at start of year | 1,154,822 |  | 665,646 |  |

| Amounts advanced | 1,479,441 |  | 1,239,878 |  |

| Amounts repaid | (1,222,771 | ) | (750,702 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,411,492 |  | 1,154,822 |  |

| Interest was charged on the overdrawn loan account at the rate of 2.25% per annum until 5 April 2025, and at a rate of 3.75% per annum until 31 October 2025.

| The director R F Kilby has provided a limited personal guarantee in respect of the company's bank loans.