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REGISTERED NUMBER: 15833600 (England and Wales)

Financial Statements for the Period 11 July 2024 to 31 December 2025

for

Lagan Homes (Fairham) Limited

| Lagan Homes (Fairham) Limited (Registered number: 15833600) |

Contents of the Financial Statements

for the Period 11 July 2024 to 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Lagan Homes (Fairham) Limited |

Company Information

for the Period 11 July 2024 to 31 December 2025

| DIRECTORS: | Mrs L Hopcraft

| S G McCann

| Mrs L McKillen

| J P Lagan

| REGISTERED OFFICE: | Finance House

| Beaumont Road

| Banbury

| Oxfordshire

| OX16 1RH

| REGISTERED NUMBER: | 15833600 (England and Wales)

| AUDITORS: | BMK Accounting Limited

| 43 Lockview Road

| Belfast

| Antrim

| BT9 5FJ

| Lagan Homes (Fairham) Limited (Registered number: 15833600) |

Balance Sheet

31 December 2025

| Notes | £ |

| CURRENT ASSETS

| Stocks | 9,947,764 |  |

| Cash in hand | 1 |  |

9,947,765 |  |

| CREDITORS

| Amounts falling due within one year | 4 | 2,726,215 |  |

| NET CURRENT ASSETS | 7,221,550 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 7,221,550 |  |

| CREDITORS

| Amounts falling due after more than one year | 5 | 7,223,149 |  |

| NET LIABILITIES | (1,599 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 6 | 1 |  |

| Retained earnings | (1,600 | ) |

| SHAREHOLDERS' FUNDS | (1,599 | ) |

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 30 June 2026 and were signed on its behalf by:

Mrs L McKillen - Director

| Lagan Homes (Fairham) Limited (Registered number: 15833600) |

Notes to the Financial Statements

for the Period 11 July 2024 to 31 December 2025

1. | STATUTORY INFORMATION

| Lagan Homes (Fairham) 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Lagan Homes (Fairham) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Stocks and work in progress

| Stock, consisting of undeveloped land, is valued at the lower of cost and net realisable value.

| Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

| Taxation

| Taxation for the period 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 period 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.

| Lagan Homes (Fairham) Limited (Registered number: 15833600) |

Notes to the Financial Statements - continued

for the Period 11 July 2024 to 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The financial statements have been prepared on a going concern basis. The directors believe that the going concern basis is appropriate as the company has the financial support of its parent company which has adequate financial resources to ensure continuance of the company for the foreseeable future.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Provisions

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL.

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

£ |

| Other creditors | 2,726,215 |  |

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

£ |

| Amounts owed to group undertakings | 4,498,534 |  |

| Other creditors | 2,724,615 |  |

7,223,149 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 100 | Ordinary | 0.01 | 1 |  |

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Brian McKee (Senior Statutory Auditor)

| for and on behalf of BMK Accounting Limited

| Lagan Homes (Fairham) Limited (Registered number: 15833600) |

Notes to the Financial Statements - continued

for the Period 11 July 2024 to 31 December 2025

8. | POST BALANCE SHEET EVENTS

| On 31st March 2026 ownership transferred to The LAN Trust 2026.

9. | ULTIMATE CONTROLLING PARTY

| At 31st December 2025 the controlling party was JPK Lagan.