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REGISTERED NUMBER: 09447647 (England and Wales)

Miscombe (London) Limited

Financial Statements for the Year Ended 30th September 2025

Miscombe (London) Limited (Registered number: 09447647)

Contents of the Financial Statements

for the Year Ended 30th September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Miscombe (London) Limited

Company Information

for the Year Ended 30th September 2025

| DIRECTOR: | R A Barnett

| REGISTERED OFFICE: | 1 Jacobs Yard

| North Lane

| Buriton

| Petersfield

| Hampshire

| GU31 5RR

| REGISTERED NUMBER: | 09447647 (England and Wales)

| ACCOUNTANTS: | Sheen Stickland

| Chartered Accountants

| 2 Oriel Court

| Omega Park

| Alton

| Hampshire

| GU34 2YT

Miscombe (London) Limited (Registered number: 09447647)

Balance Sheet

30th September 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,278 |  | 3,962 |  |

Investment property | 5 | 3,054,000 |  | 4,219,000 |  |

3,056,278 |  | 4,222,962 |  |

CURRENT ASSETS

Debtors | 6 | 12,419 |  | 18,210 |  |

Cash at bank | 84,014 |  | 33,145 |  |

96,433 |  | 51,355 |  |

CREDITORS

Amounts falling due within one year | 7 | (65,394 | ) | (134,502 | ) |

NET CURRENT ASSETS/(LIABILITIES) | 31,039 |  | (83,147 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,087,317 |  | 4,139,815 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (597,500 | ) | (570,000 | ) |

PROVISIONS FOR LIABILITIES | - |  | (86,740 | ) |

NET ASSETS | 2,489,817 |  | 3,483,075 |  |

Miscombe (London) Limited (Registered number: 09447647)

Balance Sheet - continued

30th September 2025

| 2025 |  | 2024

| Notes | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 10 | 2,489,816 |  | 3,483,074 |  |

SHAREHOLDERS' FUNDS | 2,489,817 |  | 3,483,075 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 27th June 2026 and were signed by:

R A Barnett - Director

Miscombe (London) Limited (Registered number: 09447647)

Notes to the Financial Statements

for the Year Ended 30th September 2025

1. | STATEMENT OF COMPLIANCE

| Miscombe (London) Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 1 Jacobs Yard, North Lane, Buriton, Petersfield, GU31 5RR. The registration number is 09447647.

| The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

| The financial statements have been prepared under the historical cost convention, with the exception of investment properties that are held at fair value.

| Turnover

| Turnover is recognised to the extent that is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised:

| Rent Receivable

| Turnover comprises rent receivable from the Company's investment properties, exclusive of value added tax where applicable.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on cost

| The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate.

| Investment property

| Investment property is carried at fair value determined annually by the directors and derived from available market information. Changes in fair value are recognised in the Income Statement and no depreciation is provided on these assets.

Miscombe (London) Limited (Registered number: 09447647)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument.

| Cash and cash equivalents

| These comprise cash at bank.

| Debtors

| Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

| Creditors

| Creditors are not interest bearing and are stated at their nominal value.

| 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

| 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 1 (2024 - 1 ) .

Miscombe (London) Limited (Registered number: 09447647)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1st October 2024 | 17,174 |  |

| Additions | 114 |  |

| Disposals | (3,483 | ) |

| At 30th September 2025 | 13,805 |  |

| DEPRECIATION

| At 1st October 2024 | 13,212 |  |

| Charge for year | 1,031 |  |

| Eliminated on disposal | (2,716 | ) |

| At 30th September 2025 | 11,527 |  |

| NET BOOK VALUE

| At 30th September 2025 | 2,278 |  |

| At 30th September 2024 | 3,962 |  |

5. | INVESTMENT PROPERTY

| Total |  |

| £ |  |

| FAIR VALUE |  |

| At 1st October 2024 |  |  | 4,219.000 |  |

| Revaluations |  |  | (1,165,000 | ) |

| At 30th September 2025 |  |  | 3,054,000 |  |

Miscombe (London) Limited (Registered number: 09447647)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

5. | INVESTMENT PROPERTY - continued

| Fair Value at 30th September 2024 is represented by:

| Total |  |

| £ |  |

| Valuation b/f |  |  | (957,133 | ) |

| Valuation 2024 |  |  | - |  |

| Valuation 2025 |  |  | (1,165,000 | ) |

| Cost |  |  | 5,176,133 |  |

|  | 3,054,000 |  |

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

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Cost |  | 5,176,133 |  | 5,176,133 |  |

| The properties are held at the fair value as estimated by the directors, based on their knowledge of the market and industry information.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 6,880 |  | 10,786 |  |

| Other debtors | - |  | 2,032 |  |

| VAT | 931 |  | 1,135 |  |

| Prepayments and accrued income | 4,608 |  | 4,257 |  |

12,419 |  | 18,210 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 653 |  | 721 |  |

| Accruals and deferred income | 64,741 |  | 133,781 |  |

65,394 |  | 134,502 |  |

Miscombe (London) Limited (Registered number: 09447647)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 597,500 |  | 570,000 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1st October 2024 | 3,483,074 |  |

| Deficit for the year | (993,258 | ) |

| At 30th September 2025 | 2,489,816 |  |

| Retained earnings

| This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders.

11. | RELATED PARTY DISCLOSURES

| 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.

| The Company has a registered charge over one of its freehold investment properties in favour of the bankers of Miscombe Limited, a company under common control.