The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Severn Industrial Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover shown in the profit or loss account represents consideration received for property rentals and other services provided in the period, exclusive of Value Added Tax.

Property rents and service charges are recognised in the period to which the letting relates. Property sales are recognised on exchange of contracts.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and transferred to a fair value reserve in order to keep the undistributable amount of profit and loss reserves separate. Deferred tax is provided on any increases in fair value and the movement in the year is included in the fair value reserve.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Investment property valuation

Investment property is measured at fair value at the reporting date based on judgements made by the directors regarding market conditions and expected rental yields for similar properties.

The average monthly number of persons (including directors) employed by the company during the year was:

The market value of the investment property as at 30 November 2025 has been arrived at on the basis of the directors' valuation derived from investment yields in the area of similar multi-let estates on short term agreements together with the condition of the subject properties and by reference to market evidence of transactions and values of similar properties.

Historical cost:

At 1 December 2024           £1,768,232

Additions for year ended 30 November 2025 £Nil

At 30 November 2025 £1,768,232

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Streamfolder Limited

Debtors at the year end include an interest free loan of £958,387 due from Streamfolder Limited (2024 - £958,387 ), the company's immediate parent.

Canda Property & Investments Limited

Other debtors at the year end include an amount of £972 (2024 - £972) due from Canda Property & Investments Limited, the parent company of Streamfolder Limited.

The ultimate parent company is Canda Commercial Holdings Limited (formerly Canda Copying Holdings Limited). At 30 November 2025, Canda Commercial Holdings Limited owned 100% of the issued share capital of Canda Property & Investments Limited (formerly Canda Copying (Investments) Limited) which owned 51.6% of the issued share capital of Streamfolder Limited (2024 - 51.6%). Streamfolder Limited owned 100% of the issued share capital in Severn Industrial Estates Limited.