REGISTERED NUMBER: 10473257 (England and Wales)

STIRLIN GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J A Kirby

J C Kirby

REGISTERED OFFICE:

11 Sadler Court

Stirlin Point

Lincoln

Lincolnshire

LN6 3RG

REGISTERED NUMBER:

10473257 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Investments

4

1,028,980

1,028,880

Investment property

5

119,988

102,903

1,148,968

1,131,783

CURRENT ASSETS

Debtors

6

473,099

705,292

Cash at bank

8,985

7,908

482,084

713,200

CREDITORS

Amounts falling due within one year

7

1,371,076

1,178,179

NET CURRENT LIABILITIES

(888,992

)

(464,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

259,976

666,804

CAPITAL AND RESERVES

Called up share capital

9

200

100

Retained earnings

259,776

666,704

SHAREHOLDERS' FUNDS

259,976

666,804

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 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.

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 Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

J A Kirby - Director

1.	STATUTORY INFORMATION

Stirlin Group 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 financial statements contain information about Stirlin Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from consultancy is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of assignments.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Rental Income

Rental income is recognised in the period in which it relates.

Dividends receivable

Dividend income is recognised as the company's right to receive payment is recognised.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairments.

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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

1,028,880

Additions

100

At 31 October 2025

1,028,980

NET BOOK VALUE

At 31 October 2025

1,028,980

At 31 October 2024

1,028,880

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

102,903

Additions

17,085

At 31 October 2025

119,988

NET BOOK VALUE

At 31 October 2025

119,988

At 31 October 2024

102,903

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,333

4,435

Amounts owed by group undertakings

458,883

678,776

Other debtors

7,883

22,081

473,099

705,292

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,456

1,255

Amounts owed to group undertakings

566,250

814,330

Taxation and social security

372

-

Other creditors

798,998

362,594

1,371,076

1,178,179

8.	SECURED DEBTS

The company has a revolving credit facility provided by Bradley Jones. Under a sub-participation agreement, Stirlin Ingham and Stirlin Sadler Road SPV LLP hold a 100% risk sub-participation in this loan, effectively assuming the credit risk from the parent. The loan is secured by a fixed charge over the shares of the company.

Castle Square Developments Limited holds a fixed charge over the shares of the company in relation to lending to a subsidiary company Lodge Lane Developments Ltd.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

10.	CONTINGENT ASSET

It is probable that the company will receive interest on a loan made to another company at a rate of 10% per month, once this company has settled other loan commitments. No amounts have been included in the accounts as the amount of interest to be received is not yet known, due to the company's other commitments, however the amount receivable from the interest could potentially be material.

11.	POST BALANCE SHEET EVENT

Investment into group:

Subsequent to the year ended 31 October 2025, the company completed a significant investment transaction. In February 2026, a third-party investor subscribed £2,800,000 into the group in exchange for equity in certain subsidiary undertakings of the company.

The transaction constitutes an arm's-length investment by an independent third party and, in the directors' view, provides independent corroboration of the underlying value of the group's assets.

Asset valuation at Leafbridge Limited:

The asset at Leafbridge Limited is held at cost value of £10,000 in its financial statements in line with the group's accounting policies. The property has been independently valued at £7,225,000. In addition, the directors have attributed a value of £250,000 to elements of the site which were excluded from the valuation. The total value attributed to the asset by the directors is therefore £7,475,000.

The directors consider these to be non-adjusting post balance sheet events under FRS 102, as it arose after the balance sheet date. However, given its significance to the financial position and prospects of the group, the directors consider it appropriate to draw it to the attention of the reader.