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REGISTERED NUMBER: 07519252 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

RED ABACUS LIMITED

RED ABACUS LIMITED (REGISTERED NUMBER: 07519252)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

RED ABACUS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2026

| DIRECTOR: | Mr S Bhandari

| REGISTERED OFFICE: | Exchange House

| St. Cross Lane

| Newport

| Isle of Wight

| PO30 5BZ

| REGISTERED NUMBER: | 07519252 (England and Wales)

| ACCOUNTANTS: | Garbetts (IOW) Limited

| Exchange House

| St Cross Lane

| Newport

| Isle of Wight

| PO30 5BZ

RED ABACUS LIMITED (REGISTERED NUMBER: 07519252)

BALANCE SHEET

28 FEBRUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 759 |  | 1,012 |  |

Investment property | 5 | 1,895,000 |  | 1,995,000 |  |

1,895,759 |  | 1,996,012 |  |

CURRENT ASSETS

Debtors | 6 | 500,480 |  | 498,257 |  |

Cash at bank | 5,426 |  | 13,277 |  |

505,906 |  | 511,534 |  |

CREDITORS

Amounts falling due within one year | 7 | 68,586 |  | 93,766 |  |

NET CURRENT ASSETS | 437,320 |  | 417,768 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,333,079 |  | 2,413,780 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,343,887 | ) | (1,341,476 | ) |

PROVISIONS FOR LIABILITIES | (147,425 | ) | (172,425 | ) |

NET ASSETS | 841,767 |  | 899,879 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 841,667 |  | 899,779 |  |

SHAREHOLDERS' FUNDS | 841,767 |  | 899,879 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

RED ABACUS LIMITED (REGISTERED NUMBER: 07519252)

BALANCE SHEET - continued

28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2026 and were signed by:

Mr S Bhandari - Director

RED ABACUS LIMITED (REGISTERED NUMBER: 07519252)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1. | STATUTORY INFORMATION

| Red Abacus 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.

| Turnover

| Turnover represents rental income received.

| 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 etc | - | 25% 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 (2025 - NIL).

RED ABACUS LIMITED (REGISTERED NUMBER: 07519252)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2025

| and 28 February 2026 | 1,350 |  |

| DEPRECIATION

| At 1 March 2025 | 338 |  |

| Charge for year | 253 |  |

| At 28 February 2026 | 591 |  |

| NET BOOK VALUE

| At 28 February 2026 | 759 |  |

| At 28 February 2025 | 1,012 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2025 | 1,995,000 |  |

| Additions | 1,636 |  |

| Revaluations | (101,636 | ) |

| At 28 February 2026 | 1,895,000 |  |

| NET BOOK VALUE

| At 28 February 2026 | 1,895,000 |  |

| At 28 February 2025 | 1,995,000 |  |

| Fair value at 28 February 2026 is represented by:

£ |

| Valuation in 2015 | 1,790,000 |  |

| Valuation in 2016 | 35,000 |  |

| Valuation in 2017 | 4,000 |  |

| Valuation in 2018 | 166,000 |  |

| Valuation in 2026 | (100,000 | ) |

1,895,000 |  |

| Investment property was valued on an open market basis on by Mr S Bhandari .

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

2026 | 2025 |

£ | £ |

| Other debtors | 500,480 |  | 498,257 |  |

RED ABACUS LIMITED (REGISTERED NUMBER: 07519252)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

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

2026 | 2025 |

£ | £ |

| Payments on account | 5,940 |  | 2,648 |  |

| Taxation and social security | 4,404 |  | 2,948 |  |

| Other creditors | 58,242 |  | 88,170 |  |

68,586 |  | 93,766 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans | 1,343,887 |  | 1,341,476 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 1,343,887 |  | 1,341,476 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 1,343,887 |  | 1,341,476 |  |

| Bank loans are secured over the investment properties 82-86 Magdalen Road

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr S Bhandari.