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REGISTERED NUMBER: 04465324 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2026 |

| FOR |

| STANGATE PROPERTIES LIMITED |

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

BALANCE SHEET

30 JUNE 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 234,554 |  | 235,917 |  |

Investments | 6 | 278,530 |  | 278,530 |  |

Investment property | 7 | 282,836 |  | 282,836 |  |

795,920 |  | 797,283 |  |

CURRENT ASSETS

Debtors | 8 | 104,595 |  | 102,319 |  |

Cash at bank and in hand | 667,432 |  | 554,533 |  |

772,027 |  | 656,852 |  |

CREDITORS

Amounts falling due within one year | 9 | 841,762 |  | 761,058 |  |

NET CURRENT LIABILITIES | (69,735 | ) | (104,206 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 726,185 |  | 693,077 |  |

CREDITORS

Amounts falling due after more than one year | 10 | 526,051 |  | 577,585 |  |

NET ASSETS | 200,134 |  | 115,492 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 103 |  | 103 |  |

Retained earnings | 13 | 200,031 |  | 115,389 |  |

SHAREHOLDERS' FUNDS | 200,134 |  | 115,492 |  |

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

BALANCE SHEET - continued

30 JUNE 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

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

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 12 August 2026 and were signed on its behalf by:

Mr J M Gay - Director

Mrs C M Shambrook - Director

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

1. | STATUTORY INFORMATION

| Stangate Properties 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: | 04465324

| Registered office: | The Wright Property

| 19 Cross Street

| BARNSTAPLE

| EX31 1BD

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.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Motor vehicles | - | 25% on reducing balance

| Equipment | - | 33% on cost and 15% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at 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 Profit and loss account, 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.

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2026

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 7 (2025 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2025

| and 30 June 2026 | 94,030 |  |

| AMORTISATION

| At 1 July 2025

| and 30 June 2026 | 94,030 |  |

| NET BOOK VALUE

| At 30 June 2026 | - |  |

| At 30 June 2025 | - |  |

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2026

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2025 |

| and 30 June 2026 | 162,258 |  | 68,213 |  | 25,968 |  | 43,364 |  | 299,803 |  |

| DEPRECIATION

| At 1 July 2025 | - |  | - |  | 20,522 |  | 43,364 |  | 63,886 |  |

| Charge for year | - |  | - |  | 1,363 |  | - |  | 1,363 |  |

| At 30 June 2026 | - |  | - |  | 21,885 |  | 43,364 |  | 65,249 |  |

| NET BOOK VALUE

| At 30 June 2026 | 162,258 |  | 68,213 |  | 4,083 |  | - |  | 234,554 |  |

| At 30 June 2025 | 162,258 |  | 68,213 |  | 5,446 |  | - |  | 235,917 |  |

6. | FIXED ASSET INVESTMENTS

| Investment

| in

| subsidiaries

£ |

| COST

| At 1 July 2025

| and 30 June 2026 | 278,530 |  |

| NET BOOK VALUE

| At 30 June 2026 | 278,530 |  |

| At 30 June 2025 | 278,530 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2025

| and 30 June 2026 | 282,836 |  |

| NET BOOK VALUE

| At 30 June 2026 | 282,836 |  |

| At 30 June 2025 | 282,836 |  |

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2026

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

2026 | 2025 |

£ | £ |

| Trade debtors | 100,195 |  | 97,931 |  |

| Other debtors | 4,400 |  | 4,388 |  |

104,595 |  | 102,319 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 55,920 |  | 55,427 |  |

| Hire purchase contracts | 482 |  | 7,121 |  |

| Trade creditors | 2,687 |  | 4,925 |  |

| Taxation and social security | 97,747 |  | 55,244 |  |

| Other creditors | 684,926 |  | 638,341 |  |

841,762 |  | 761,058 |  |

| Other creditors includes £591,729 (2025: £555,618) which represents tenant deposits held in a separate bank account.

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

2026 | 2025 |

£ | £ |

| Bank loans | 519,726 |  | 577,585 |  |

| Hire purchase contracts | 6,325 |  | - |  |

526,051 |  | 577,585 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years | 146,436 |  | 188,887 |  |

| Other creditors | 186,266 |  | 186,266 |  |

332,702 |  | 375,153 |  |

STANGATE PROPERTIES LIMITED (REGISTERED NUMBER: 04465324)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2026

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 389,380 |  | 445,251 |  |

| A charge dated 16 February 2017 and debenture charge dated 17 May 2010 exists between Lloyds Bank Plc and the company over its assets.

| The director, Mr J Gay, has provided a personal guarantee over one of the loans. The value outstanding on this loan at the year end is £170,028.

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| 3 | Non Equity Classes A, B and C | £1 | 3 |  | 3 |  |

103 |  | 103 |  |

13. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2025 | 115,389 |  |

| Profit for the year | 159,892 |  |

| Dividends | (75,250 | ) |

| At 30 June 2026 | 200,031 |  |

14. | RELATED PARTY DISCLOSURES

| The company charged Mr J Gay £12,861 (2025: £8,077) in respect of property management fees during the year. The fees were on a normal commercial basis.

| The ultimate controlling party is Mr J Gay and Mrs C Shambrook.