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REGISTERED NUMBER: 10442880 (England and Wales)

Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 30 June 2025

for

Lita Homes Limited

Lita Homes Limited (Registered number: 10442880)

Contents of the Consolidated Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Chartered Certified Accountants' Report | 3 |

Consolidated Statement of Income and Retained Earnings | 4 |

Consolidated Balance Sheet | 5 |

Company Balance Sheet | 7 |

Notes to the Consolidated Financial Statements | 9 |

Lita Homes Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTOR: | X Lita

| REGISTERED OFFICE: | Standard House

| 107 - 115 Eastmoor Street

| London

| SE7 8LX

| REGISTERED NUMBER: | 10442880 (England and Wales)

| ACCOUNTANTS: | Valuemaven Business Services (UK) LImited

| Chartered Certified Accountants

| 7 Lita Mews

| Romford

| RM1 3FG

Lita Homes Limited (Registered number: 10442880)

Report of the Director

for the Year Ended 30 June 2025

The director presents his report with the financial statements of the company and the group for the year ended 30 June 2025.

DIRECTOR

X Lita held office during the whole of the period from 1 July 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

X Lita - Director

13 August 2026

Chartered Certified Accountants' Report to the Director

on the Unaudited Financial Statements of

Lita Homes Limited

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lita Homes Limited for the year ended 30 June 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet and the related notes from the company's and the group'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 Lita Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lita Homes Limited and state those matters that we have agreed to state to the director of Lita Homes 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 the group and the company's director for our work or for this report.

It is your duty to ensure that Lita Homes 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 Lita Homes Limited. You consider that Lita Homes 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 Lita Homes 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.

Valuemaven Business Services (UK) LImited

Chartered Certified Accountants

7 Lita Mews

Romford

RM1 3FG

13 August 2026

Lita Homes Limited (Registered number: 10442880)

Consolidated Statement of Income and Retained Earnings

for the Year Ended 30 June 2025

| 30.6.25 |  | 30.6.24

£ | £ |

TURNOVER | 9,437,309 |  | 20,238,575 |  |

Cost of sales | 6,010,053 |  | 16,696,571 |  |

GROSS PROFIT | 3,427,256 |  | 3,542,004 |  |

Administrative expenses | 557,241 |  | (1,700,744 | ) |

OPERATING PROFIT | 2,870,015 |  | 5,242,748 |  |

Interest receivable and similar income | 152 |  | - |  |

2,870,167 |  | 5,242,748 |  |

Interest payable and similar expenses | 2,270,354 |  | 1,976,098 |  |

PROFIT BEFORE TAXATION | 599,813 |  | 3,266,650 |  |

Tax on profit | 187,170 |  | 1,108,789 |  |

PROFIT FOR THE FINANCIAL YEAR | 412,643 |  | 2,157,861 |  |

Retained earnings at beginning of year | 12,759,826 |  | 10,601,965 |  |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 13,172,469 |  | 12,759,826 |  |

Profit attributable to:

Owners of the parent | 412,643 |  | 2,157,861 |  |

Lita Homes Limited (Registered number: 10442880)

Consolidated Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 10,312,213 |  | 8,247,896 |  |

Investments | 6 | 900,000 |  | 900,000 |  |

Investment property | 7 | 21,293,473 |  | 21,293,473 |  |

32,505,686 |  | 30,441,369 |  |

CURRENT ASSETS

Stocks | 4,593,278 |  | 4,611,416 |  |

Debtors | 8 | 539,581 |  | 2,194,633 |  |

Cash at bank | 1,980,672 |  | 4,748,547 |  |

7,113,531 |  | 11,554,596 |  |

CREDITORS

Amounts falling due within one year | 9 | 22,422,990 |  | 25,212,372 |  |

NET CURRENT LIABILITIES | (15,309,459 | ) | (13,657,776 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 17,196,227 |  | 16,783,593 |  |

PROVISIONS FOR LIABILITIES | 3,373,658 |  | 3,373,658 |  |

NET ASSETS | 13,822,569 |  | 13,409,935 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 109 |  |

Revaluation reserve | 11 | 650,000 |  | 650,000 |  |

Retained earnings | 13,172,469 |  | 12,759,826 |  |

13,822,569 |  | 13,409,935 |  |

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

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

The director acknowledges his responsibilities for:

(a) | ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

Lita Homes Limited (Registered number: 10442880)

Consolidated Balance Sheet - continued

30 June 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

X Lita - Director

Lita Homes Limited (Registered number: 10442880)

Company Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | - |  | - |  |

Investments | 6 | 675 |  | 459 |  |

Investment property | 7 | - |  | - |  |

675 |  | 459 |  |

CURRENT ASSETS

Debtors | 8 | 4,187,907 |  | 546,987 |  |

Cash at bank | 316,815 |  | 2,929,990 |  |

4,504,722 |  | 3,476,977 |  |

CREDITORS

Amounts falling due within one year | 9 | 157,212 |  | 251,341 |  |

NET CURRENT ASSETS | 4,347,510 |  | 3,225,636 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,348,185 |  | 3,226,095 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 4,348,085 |  | 3,225,995 |  |

4,348,185 |  | 3,226,095 |  |

Company's profit for the financial year | 1,122,090 |  | 304,160 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Lita Homes Limited (Registered number: 10442880)

Company Balance Sheet - continued

30 June 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

X Lita - Director

Lita Homes Limited (Registered number: 10442880)

Notes to the Consolidated Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Lita Homes 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 General 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 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 the cost less estimated residual value of each asset over its estimated useful life.

| 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.

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| A financial asset or a a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Lita Homes Limited (Registered number: 10442880)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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 1 (2024 - 1 ) .

| The average number of employees by undertakings that were proportionately consolidated during the year was 1 (2024 - 1 ) .

4. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5. | TANGIBLE FIXED ASSETS

| Group

| Land and

| buildings

£ |

| COST

| At 1 July 2024 | 8,247,896 |  |

| Additions | 4,412,960 |  |

| Disposals | (2,348,643 | ) |

| At 30 June 2025 | 10,312,213 |  |

| NET BOOK VALUE

| At 30 June 2025 | 10,312,213 |  |

| At 30 June 2024 | 8,247,896 |  |

Lita Homes Limited (Registered number: 10442880)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 June 2025

6. | FIXED ASSET INVESTMENTS

| Group

| Other

| investment

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 900,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 900,000 |  |

| At 30 June 2024 | 900,000 |  |

| Company

| Other

| investment

£ |

| COST

| At 1 July 2024 | 459 |  |

| Additions | 216 |  |

| At 30 June 2025 | 675 |  |

| NET BOOK VALUE

| At 30 June 2025 | 675 |  |

| At 30 June 2024 | 459 |  |

7. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 July 2024

| and 30 June 2025 | 21,293,473 |  |

| NET BOOK VALUE

| At 30 June 2025 | 21,293,473 |  |

| At 30 June 2024 | 21,293,473 |  |

Lita Homes Limited (Registered number: 10442880)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 June 2025

7. | INVESTMENT PROPERTY - continued

| Group

| Fair value at 30 June 2025 is represented by:

£ |

| Valuation in 2021 | 12,116,891 |  |

| Valuation in 2022 | 6,975,461 |  |

| Valuation in 2024 | 2,201,121 |  |

21,293,473 |  |

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

| Group |  | Company |

| 30.6.25 |  | 30.6.24 |  | 30.6.25 |  | 30.6.24 |

£ | £ | £ | £ |

| Trade debtors | 84,994 |  | 181,973 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 4,187,907 |  | 546,987 |  |

| Other debtors | 454,587 |  | 2,012,660 |  | - |  | - |  |

539,581 |  | 2,194,633 |  | 4,187,907 |  | 546,987 |  |

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

| Group |  | Company |

| 30.6.25 |  | 30.6.24 |  | 30.6.25 |  | 30.6.24 |

£ | £ | £ | £ |

| Bank loans and overdrafts | 18,011,922 |  | 21,314,333 |  | - |  | - |  |

| Trade creditors | 1,560,732 |  | 1,711,992 |  | - |  | - |  |

| Amounts owed to group undertakings | 93,378 |  | - |  | - |  | - |  |

| Taxation and social security | 459,947 |  | 293,930 |  | - |  | - |  |

| Other creditors | 2,297,011 |  | 1,892,117 |  | 157,212 |  | 251,341 |  |

22,422,990 |  | 25,212,372 |  | 157,212 |  | 251,341 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

| 30.6.25 |  | 30.6.24 |

£ | £ |

| Bank loans | 18,011,922 |  | 21,314,333 |  |

| The bank loans are secured against the investment property of the company.

Lita Homes Limited (Registered number: 10442880)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 30 June 2025

11. | RESERVES

| Group

| Revaluatio

| reserve

£ |

| At 1 July 2024

| and 30 June 2025 | 650,000 |  |

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is X Lita.

| The ultimate controlling party is X Lita.