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REGISTERED NUMBER: 02260638 (England and Wales)

| N.J.RICHARDS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 7

N.J.RICHARDS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTOR: | R Neocleous

| REGISTERED OFFICE: | 20 Wenlock Road

| London

| N1 7GU

| REGISTERED NUMBER: | 02260638 (England and Wales)

| ACCOUNTANTS: | Beavis Morgan LLP

| 3rd Floor

| Marlborough House

| 298 Regents Park Road

| Finchley

| London

| N3 2SZ

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

STATEMENT OF FINANCIAL POSITION

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 372 |  | 682 |  |

Investments | 5 | 5,000 |  | 5,000 |  |

Investment property | 6 | 1 |  | 3,000,000 |  |

5,373 |  | 3,005,682 |  |

CURRENT ASSETS

Debtors | 7 | 1,941,808 |  | 911,905 |  |

Cash at bank | 23,372 |  | 5,108 |  |

1,965,180 |  | 917,013 |  |

CREDITORS

Amounts falling due within one year | 8 | 28,293 |  | 627,163 |  |

NET CURRENT ASSETS | 1,936,887 |  | 289,850 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,942,260 |  | 3,295,532 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | (1,083,928 | ) |

PROVISIONS FOR LIABILITIES | - |  | (256,517 | ) |

NET ASSETS | 1,942,260 |  | 1,955,087 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 5,000 |  | 5,000 |  |

Retained earnings | 1,937,260 |  | 1,950,087 |  |

SHAREHOLDERS' FUNDS | 1,942,260 |  | 1,955,087 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

STATEMENT OF FINANCIAL POSITION - continued

30 JUNE 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 17 July 2026 and were signed by:

R Neocleous - Director

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| N.J.Richards 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 company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

| Turnover

| Turnover represents the total invoice value, excluding Value Added Tax, of sales made during the year and is recognised at the time of supply of service and includes provisions for amounts not yet invoiced for work completed at the year end. This provision is included under accrued income.

| Tangible fixed assets

| Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

| Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| 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 statement of financial position date.

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 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 statement of financial position 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.

| 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 profit or loss in the period to which they relate.

| Fixed asset investments

| Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

| Investment property

| Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting period and any changes in fair value are recognised in profit or loss.

| Impairment

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the assets and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 17,904 |  |

| DEPRECIATION

| At 1 July 2024 | 17,222 |  |

| Charge for year | 310 |  |

| At 30 June 2025 | 17,532 |  |

| NET BOOK VALUE

| At 30 June 2025 | 372 |  |

| At 30 June 2024 | 682 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 5,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 5,000 |  |

| At 30 June 2024 | 5,000 |  |

| N.J. Richards Project Limited is a 100% subsidiary of the company and its registered office is at 20 Wenlock Road, London N1 7GU.

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 3,000,000 |  |

| Disposals | (2,999,999 | ) |

| At 30 June 2025 | 1 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1 |  |

| At 30 June 2024 | 3,000,000 |  |

| During the year the Company granted 999 year long leases out of its freehold investment property to its 100% owned subsidiary K George House Management Limited for a total premium of £2,825,000 with a peppercorn ground rent. The reversionary value of the freehold has been left at a notional £1.

N.J.RICHARDS LIMITED (REGISTERED NUMBER: 02260638)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 415,670 |  |

| Amounts owed by group undertakings | 1,514,533 |  | 20,064 |  |

| Other debtors | 427,275 |  | 476,171 |  |

1,941,808 |  | 911,905 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 108,504 |  |

| Trade creditors | 5,830 |  | 6,130 |  |

| Taxation and social security | 800 |  | 28,207 |  |

| Other creditors | 21,663 |  | 484,322 |  |

28,293 |  | 627,163 |  |

| The bank loans were fully repaid during the year.

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

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 1,083,928 |  |

| The bank loans were fully repaid during the year.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 5,000 | Ordinary shares | 1 | 5,000 |  | 5,000 |  |

11. | CONTINGENT LIABILITIES

| At the year end there was an ongoing insurance claim the company was pursuing with regards to negligent professional advice given to them for one of their developments. This claim was settled subsequent to the year end.

12. | RELATED PARTY DISCLOSURES

| Included in debtors are amounts of £347,748 (2024: £347,748) due from a company in which the director has an interest.