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REGISTERED NUMBER: 01456300 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Street Clothes Limited

Street Clothes Limited (Registered number: 01456300)

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Street Clothes Limited (Registered number: 01456300)

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,074 |  | 25,674 |  |

Investment property | 5 | 3,100,000 |  | 3,100,000 |  |

3,119,074 |  | 3,125,674 |  |

CURRENT ASSETS

Debtors | 6 | 5,444 |  | 66,074 |  |

Cash at bank | 140,142 |  | 53,617 |  |

145,586 |  | 119,691 |  |

CREDITORS

Amounts falling due within one year | 7 | 48,526 |  | 32,648 |  |

NET CURRENT ASSETS | 97,060 |  | 87,043 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,216,134 |  | 3,212,717 |  |

PROVISIONS FOR LIABILITIES | 392,504 |  | 393,714 |  |

NET ASSETS | 2,823,630 |  | 2,819,003 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 30,000 |  | 30,000 |  |

Retained earnings | 9 | 2,793,630 |  | 2,789,003 |  |

SHAREHOLDERS' FUNDS | 2,823,630 |  | 2,819,003 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

Street Clothes Limited (Registered number: 01456300)

Balance Sheet - continued

31 March 2026

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

J A Thompson - Director

Ms S A Newell - Director

Street Clothes Limited (Registered number: 01456300)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Street Clothes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 01456300

| Registered office: | Duncan Chambers

| 9 Duncan Street

| Leeds

| West Yorkshire

| LS1 6DQ

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 UK and Republic of Ireland" and 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 have been prepared under the historical cost convention, modified to include certain items at fair value.

| Turnover

| Turnover comprises revenue recognised by the company in respect of rents receivable on investment properties during the year, exclusive of Value Added Tax.

| Tangible fixed assets

| Tangible fixed assets are stated at purchase cost, net of depreciation.

| Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

| Plant and machinery |  | - 33% on cost |  |

| Motor vehicles |  | - 25% on reducing balance |  |

| Computer equipment |  | - 33% on cost |  |

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

| The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

| Investment property

| Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any charge recognised in the profit and loss account.

Street Clothes Limited (Registered number: 01456300)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference. Deferred tax relating to investment property is measured using tax rates and allowances that apply to the sale of the asset.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and that of directors' personal pension schemes are charged to profit or loss in the period to which they relate.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| The following assets and liabilities are classified as basic financial instruments - other debtors, cash and bank balances, trade creditors and other creditors.

| Other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Street Clothes Limited (Registered number: 01456300)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Impairment of assets

| Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

| Non financial assets

| An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| Financial assets

| For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

| Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

| Critical accounting judgements and sources of estimation uncertainty

| In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The critical judgements that the directors have made in applying the company's accounting policies and the key sources of estimation uncertainty that have had the most significant effect on the amounts recognised in the financial statements are described below:

| Investment property

| The company makes an estimate of the fair value of investment properties at each reporting date. The directors undertake a review of the property portfolio at each reporting date to assess whether the fair value has changed significantly since the previous reporting date. When assessing the fair values, management considers current commercial property trends and rental yields.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2025 - 2 ) .

Street Clothes Limited (Registered number: 01456300)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 36,712 |  |

| DEPRECIATION

| At 1 April 2025 | 11,038 |  |

| Charge for year | 6,600 |  |

| At 31 March 2026 | 17,638 |  |

| NET BOOK VALUE

| At 31 March 2026 | 19,074 |  |

| At 31 March 2025 | 25,674 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025

| and 31 March 2026 | 3,100,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 3,100,000 |  |

| At 31 March 2025 | 3,100,000 |  |

| The valuation of investment properties were reviewed as at 31 March 2026. This was based on market value and the directors do not consider it to have materially changed from the previous year.

| The historic cost of the investment properties is £712,542.

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

2026 | 2025 |

£ | £ |

| Other debtors | 5,444 |  | 66,074 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 4,568 |  | 1,848 |  |

| Taxation and social security | 35,448 |  | 22,746 |  |

| Other creditors | 8,510 |  | 8,054 |  |

48,526 |  | 32,648 |  |

Street Clothes Limited (Registered number: 01456300)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

8. | CALLED UP SHARE CAPITAL

|  | 2026 |  |  | 2025 |  |

|  | £ |  |  | £ |  |

| Allotted, issued and fully paid |  | 30,000 |  |  | 30,000 |  |

9. | RESERVES

| At 31 March 2026 within retained earnings is a non-distributable amount of £2,026,549 (2025: £2,026,549) relating to fair value adjustments to investment property and the recognition of the associated deferred tax liability.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026 | 2025 |

£ | £ |

| J A Thompson and Ms S A Newell

| Balance outstanding at start of year | 63,745 |  | 21,541 |  |

| Amounts advanced | 62,828 |  | 106,904 |  |

| Amounts repaid | (123,700 | ) | (64,700 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 2,873 |  | 63,745 |  |

| The directors' loan was repaid in full within 9 months of the end of the financial year.