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REGISTERED NUMBER: 04104178 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 NOVEMBER 2025 |

| FOR |

| SKY BLUE DEVELOPMENTS LIMITED |

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Report of the Accountants | 8 |

| SKY BLUE DEVELOPMENTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | CCW Trodd

| Mrs S J Trodd

| SECRETARY: | CCW Trodd

| REGISTERED OFFICE: | Kingston House

| Fox Pond Lane

| Lymington

| Hampshire

| SO41 8FW

| REGISTERED NUMBER: | 04104178 (England and Wales)

| ACCOUNTANTS: | Higson & Co (Deal) Ltd

| 45 Queen Street

| Deal

| Kent

| CT14 6EY

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

BALANCE SHEET

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 139 |  | 264 |  |

Investment property | 5 | 1,150,000 |  | 1,140,000 |  |

1,150,139 |  | 1,140,264 |  |

CURRENT ASSETS

Debtors | 6 | 6,378 |  | 8,544 |  |

Cash at bank | 7,898 |  | 5,252 |  |

14,276 |  | 13,796 |  |

CREDITORS

Amounts falling due within one year | 7 | 753,153 |  | 626,127 |  |

NET CURRENT LIABILITIES | (738,877 | ) | (612,331 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 411,262 |  | 527,933 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (56,909 | ) | (211,314 | ) |

PROVISIONS FOR LIABILITIES | 10 | (62,210 | ) | (59,710 | ) |

NET ASSETS | 292,143 |  | 256,909 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 11 | 186,629 |  | 179,129 |  |

Retained earnings | 105,414 |  | 77,680 |  |

SHAREHOLDERS' FUNDS | 292,143 |  | 256,909 |  |

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

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

The directors acknowledge their 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.

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

BALANCE SHEET - continued

30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

CCW Trodd - Director

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Sky Blue Developments 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 financial statements are presented in round pounds £ 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| 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 Statement of Income and Retained Earnings, 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2024

| and 30 November 2025 | 258 |  | 400 |  | 847 |  | 1,505 |  |

| DEPRECIATION

| At 1 December 2024 | 183 |  | 289 |  | 769 |  | 1,241 |  |

| Charge for year | 19 |  | 28 |  | 78 |  | 125 |  |

| At 30 November 2025 | 202 |  | 317 |  | 847 |  | 1,366 |  |

| NET BOOK VALUE

| At 30 November 2025 | 56 |  | 83 |  | - |  | 139 |  |

| At 30 November 2024 | 75 |  | 111 |  | 78 |  | 264 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 December 2024 | 1,140,000 |  |

| Revaluations | 10,000 |  |

| At 30 November 2025 | 1,150,000 |  |

| NET BOOK VALUE

| At 30 November 2025 | 1,150,000 |  |

| At 30 November 2024 | 1,140,000 |  |

| Fair value at 30 November 2025 is represented by:

£ |

| Valuation in 2016 | 100,815 |  |

| Valuation in 2018 | 45,000 |  |

| Valuation in 2019 | 65,139 |  |

| Valuation in 2020 | 23,036 |  |

| Valuation in 2021 | 96,166 |  |

| Valuation in 2024 | (91,317 | ) |

| Valuation in 2025 | 10,000 |  |

| Cost | 901,161 |  |

1,150,000 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,015 |  | 6,331 |  |

| DPS control account | 3,363 |  | 2,213 |  |

6,378 |  | 8,544 |  |

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

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

2025 | 2024 |

£ | £ |

| Other loans | - |  | 33,096 |  |

| Tax | 6,533 |  | 1,949 |  |

| Rent deposits | 5,613 |  | 4,463 |  |

| Directors' current accounts | 740,203 |  | 585,889 |  |

| Accrued expenses | 804 |  | 730 |  |

753,153 |  | 626,127 |  |

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

2025 | 2024 |

£ | £ |

| Other loans - 1-2 years | - |  | 35,165 |  |

| Other loans - 2-5 years | - |  | 37,363 |  |

| Other loans more 5yrs instal | - |  | 81,877 |  |

| Mortgage | 56,909 |  | 56,909 |  |

56,909 |  | 211,314 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Mortgage | 56,909 |  | 56,909 |  |

| Repayable by instalments

| Other loans more 5yrs instal | - |  | 81,877 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Mortgage | 56,909 |  | 56,909 |  |

| Other loan | - |  | 187,500 |  |

56,909 |  | 244,409 |  |

| The mortgage was secured on the property at 56 St Andrews Road, Deal, Kent.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 62,210 |  | 59,710 |  |

SKY BLUE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04104178) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 59,710 |  |

| Provided during year | 2,500 |  |

| Balance at 30 November 2025 | 62,210 |  |

| Deferred tax is provided on the fair value adjustments made to the Company's investment properties.

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 December 2024 | 179,129 |  |

| Transfer to fair value reserve | 7,500 |  |

| At 30 November 2025 | 186,629 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025 | 2024 |

£ | £ |

| CCW Trodd

| Balance outstanding at start of year | 585,889 |  | 590,768 |  |

| Amounts advanced | (22,329 | ) | 12,617 |  |

| Amounts repaid | 176,643 |  | (17,496 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 740,203 |  | 585,889 |  |

| SKY BLUE DEVELOPMENTS LIMITED |

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

SKY BLUE DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

Date: .............................................