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REGISTERED NUMBER: 01414390 (England and Wales)

Miscombe Developments Limited

Financial Statements for the Year Ended 30th September 2025

Miscombe Developments Limited (Registered number: 01414390)

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 Developments 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: | 01414390 (England and Wales)

| ACCOUNTANTS: | Sheen Stickland

| Chartered Accountants

| 2 Oriel Court

| Omega Park

| Alton

| Hampshire

| GU34 2YT

Miscombe Developments Limited (Registered number: 01414390)

Balance Sheet

30th September 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,087 |  | 9,482 |  |

CURRENT ASSETS

Stocks | 1,371,160 |  | 1,345,091 |  |

Debtors | 5 | 5,632,837 |  | 5,752,187 |  |

Cash at bank | 80,070 |  | 103,687 |  |

7,084,067 |  | 7,200,965 |  |

CREDITORS

Amounts falling due within one year | 6 | (16,379 | ) | (23,565 | ) |

NET CURRENT ASSETS | 7,067,688 |  | 7,177,400 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,070,775 |  | 7,186,882 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (2,850,000 | ) | (2,850,000 | ) |

NET ASSETS | 4,220,775 |  | 4,336,882 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 2 |  | 2 |  |

Retained earnings | 9 | 4,220,773 |  | 4,336,880 |  |

SHAREHOLDERS' FUNDS | 4,220,775 |  | 4,336,882 |  |

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.

Miscombe Developments Limited (Registered number: 01414390)

Balance Sheet - continued

30th September 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 27th June 2026 and were signed by:

R A Barnett - Director

Miscombe Developments Limited (Registered number: 01414390)

Notes to the Financial Statements

for the Year Ended 30th September 2025

1. | STATEMENT OF COMPLIANCE

| Miscombe Developments 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 01414390.

| 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.

| 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

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

| Rent receivable

| Other operating income comprising of rent receivable from the Company's properties, exclusive of value added tax where applicable, is recognised on a straight line basis over the term of the lease.

| Sale of properties

| Turnover representing the consideration for property sales is recognised on legal completion.

Miscombe Developments Limited (Registered number: 01414390)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Plant & machinery |  | - |  | 10 - 20% straight line |  |

| Motor vehicles |  | - |  | 20% straight line |  |

| Fixtures & fittings |  | - |  | 20% straight line |  |

| Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

| Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss

| Stocks

| Development properties are valued at the lower of cost and net realisable value, being the estimated selling prices less costs to complete. Cost includes all direct costs and attributable overheads associated with the development projects.

| 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

| Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. 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.

Miscombe Developments Limited (Registered number: 01414390)

Notes to the Financial Statements - continued

for the Year Ended 30th September 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 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.

| Lease commitments

| Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 4 ) .

Miscombe Developments Limited (Registered number: 01414390)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1st October 2024 | 130,500 |  | 12,458 |  | 14,700 |  | 157,658 |  |

| Disposals | (354 | ) | (934 | ) | - |  | (1,288 | ) |

| At 30th September 2025 | 130,146 |  | 11,524 |  | 14,700 |  | 156,370 |  |

| DEPRECIATION

| At 1st October 2024 | 123,135 |  | 10,341 |  | 14,700 |  | 148,176 |  |

| Charge for year | 5,398 |  | 887 |  | - |  | 6,285 |  |

| Eliminated on disposal | (354 | ) | (824 | ) | - |  | (1,178 | ) |

| At 30th September 2025 | 128,179 |  | 10,404 |  | 14,700 |  | 153,283 |  |

| NET BOOK VALUE

| At 30th September 2025 | 1,967 |  | 1,120 |  | - |  | 3,087 |  |

| At 30th September 2024 | 7,365 |  | 2,117 |  | - |  | 9,482 |  |

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | - |  | 1,700 |  |

| Other debtors | 25,000 |  | 25,000 |  |

| VAT | - |  | 135 |  |

| Prepayments and accrued income | 7,270 |  | 5,929 |  |

32,270 |  | 32,764 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | - |  | 70,000 |  |

| Amounts owed by related parties | 5,600,567 |  | 5,649,423 |  |

5,600,567 |  | 5,719,423 |  |

| Aggregate amounts | 5,632,837 |  | 5,752,187 |  |

Miscombe Developments Limited (Registered number: 01414390)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 1,353 |  | 1,668 |  |

| Social security and other taxes | 1,535 |  | 4,670 |  |

| VAT | 5 |  | - |  |

| Other creditors | - |  | 257 |  |

| Accruals and deferred income | 13,486 |  | 16,970 |  |

16,379 |  | 23,565 |  |

| Included in Other creditors is a pension creditor balance of £NIL (2024: £257).

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 2,850,000 |  | 2,850,000 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1st October 2024 | 4,336,880 |  |

| Deficit for the year | (116,107 | ) |

| At 30th September 2025 | 4,220,773 |  |

10. | RELATED PARTY DISCLOSURES

| Included within debtors as amounts due from related party undertakings is £5,600,567 (2024: £5,649,423), these amounts are from a company which shares the same ultimate controlling party, R Barnett. These amounts are interest free and are repayable in one year and one day.

| An interest-free £70,000 loan owed by Miscombe (London) Ltd was repaid to the company during the year.

Miscombe Developments Limited (Registered number: 01414390)

Notes to the Financial Statements - continued

for the Year Ended 30th September 2025

11. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent undertaking is Miscombe Group Limited, a company incorporated in England and Wales.

| The registered office for both of these companies is 1 Jacobs Yard, North Lane, Buriton, Petersfield, Hampshire, GU31 5RR.

| The smallest and largest group in which results are consolidated is that headed by Miscombe Group Limited. The consolidated financial statements are available to the public and can be obtained from Companies House (https://beta.companieshouse.gov.uk/).