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REGISTERED NUMBER: 12965538 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

TROPPER PRIPPIN PROPERTY LIMITED

TROPPER PRIPPIN PROPERTY LIMITED (REGISTERED NUMBER: 12965538) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Certified Accountants' Report | 7 |

| TROPPER PRIPPIN PROPERTY LIMITED |

COMPANY INFORMATION

for the Year Ended 31 October 2025

| DIRECTOR: | Mr P J Isherwood

| REGISTERED OFFICE: | 2 Aldermans Walk

| Lincoln

| LN1 1LU

| REGISTERED NUMBER: | 12965538 (England and Wales)

| ACCOUNTANTS: | Beyond Accounting Limited

| 20 Abbots Business Park

| Primrose Hill

| Kings Langley

| Hertfordshire

| WD4 8FR

TROPPER PRIPPIN PROPERTY LIMITED (REGISTERED NUMBER: 12965538) |

BALANCE SHEET

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 17,976 |  | 20,187 |  |

Investment property | 5 | 521,000 |  | 515,000 |  |

538,976 |  | 535,187 |  |

CURRENT ASSETS

Cash at bank and in hand | 18,351 |  | 36,341 |  |

CREDITORS

Amounts falling due within one year | 6 | 440,599 |  | 461,073 |  |

NET CURRENT LIABILITIES | (422,248 | ) | (424,732 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 116,728 |  | 110,455 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 235,810 |  | 234,875 |  |

NET LIABILITIES | (119,082 | ) | (124,420 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Fair value reserve | 8 | 39,617 |  | 33,617 |  |

Retained earnings | (158,700 | ) | (158,038 | ) |

SHAREHOLDERS' FUNDS | (119,082 | ) | (124,420 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

TROPPER PRIPPIN PROPERTY LIMITED (REGISTERED NUMBER: 12965538) |

BALANCE SHEET - continued

31 October 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 22 July 2026 and were signed by:

Mr P J Isherwood - Director

TROPPER PRIPPIN PROPERTY LIMITED (REGISTERED NUMBER: 12965538) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Tropper Prippin Property 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.

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 as modified by the revaluation of certain assets.

| The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

| Tangible fixed assets

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

| Furniture and fittings | - | 20% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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 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 NIL (2024 - NIL).

TROPPER PRIPPIN PROPERTY LIMITED (REGISTERED NUMBER: 12965538) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

4. | TANGIBLE FIXED ASSETS

| Furniture

| and

| fittings

£ |

| COST

| At 1 November 2024 | 37,027 |  |

| Additions | 2,283 |  |

| At 31 October 2025 | 39,310 |  |

| DEPRECIATION

| At 1 November 2024 | 16,840 |  |

| Charge for year | 4,494 |  |

| At 31 October 2025 | 21,334 |  |

| NET BOOK VALUE

| At 31 October 2025 | 17,976 |  |

| At 31 October 2024 | 20,187 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 515,000 |  |

| Revaluations | 6,000 |  |

| At 31 October 2025 | 521,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 521,000 |  |

| At 31 October 2024 | 515,000 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2022 | 15,617 |  |

| Valuation in 2023 | 15,000 |  |

| Valuation in 2024 | 3,000 |  |

| Valuation in 2025 | 6,000 |  |

| Cost | 481,383 |  |

521,000 |  |

TROPPER PRIPPIN PROPERTY LIMITED (REGISTERED NUMBER: 12965538) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Other loans | 437,869 |  | 427,440 |  |

| Trade creditors | 751 |  | 24,895 |  |

| Directors' current accounts | 598 |  | 7,418 |  |

| Accruals | 1,381 |  | 1,320 |  |

440,599 |  | 461,073 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans over 5 years | 235,810 |  | 234,875 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans over 5 years | 235,810 |  | 234,875 |  |

8. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 November 2024 | 33,617 |  |

| Surplus on revaluation of

| investment property | 6,000 |  |

| At 31 October 2025 | 39,617 |  |

9. | RELATED PARTY DISCLOSURES

| During the year, the company received a loan of £10,429 from Paul Isherwood Ltd, a company controlled by Mr P J Isherwood, who is also a director of the company.

| At 31 October 2025, the amount due to Paul Isherwood Ltd was £437,869 (2024: £427,440). This balance is unsecured, interest-free and repayable on demand, and is included within other loans.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

TROPPER PRIPPIN PROPERTY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tropper Prippin Property Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Tropper Prippin Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tropper Prippin Property Limited and state those matters that we have agreed to state to the director of Tropper Prippin Property Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tropper Prippin Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tropper Prippin Property Limited. You consider that Tropper Prippin Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tropper Prippin Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beyond Accounting Limited

20 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

22 July 2026