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REGISTERED NUMBER: 02580568 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Premier Developments (South West)

Limited

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 9 |

| Premier Developments (South West) |

| Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTOR: | M Gould

| REGISTERED OFFICE: | 5 Barnfield Crescent

| Exeter

| Devon

| EX1 1QT

| REGISTERED NUMBER: | 02580568 (England and Wales)

| ACCOUNTANTS: | RT Marke & Co Limited

| 5 Barnfield Crescent

| Exeter

| Devon

| EX1 1QT

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Balance Sheet

31 October 2025

31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 413,860 |  | 499,021 |  |

CURRENT ASSETS

Stocks | 1,794,301 |  | 1,794,301 |  |

Debtors | 5 | 1,333,985 |  | 663,717 |  |

Investments | 6 | 100,500 |  | 100,500 |  |

Cash at bank | 145,888 |  | 17,387 |  |

3,374,674 |  | 2,575,905 |  |

CREDITORS

Amounts falling due within one year | 7 | 908,707 |  | 483,231 |  |

NET CURRENT ASSETS | 2,465,967 |  | 2,092,674 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,879,827 |  | 2,591,695 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,915,255 | ) | (1,790,564 | ) |

PROVISIONS FOR LIABILITIES | (76,233 | ) | (77,065 | ) |

NET ASSETS | 888,339 |  | 724,066 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Fair value reserve | 10 | 226,886 |  | 226,886 |  |

Retained earnings | 660,453 |  | 496,180 |  |

SHAREHOLDERS' FUNDS | 888,339 |  | 724,066 |  |

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 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.

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Balance Sheet - continued

31 October 2025

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 14 August 2026 and were signed by:

M Gould - Director

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Premier Developments (South West) 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 (£).

| The principal place of business is 13 Lower North Street, Exeter, Devon, EX4 3ET.

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 net property sales and rental income, excluding value added tax.

| Tangible fixed assets

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

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 20% on cost and 15% on reducing balance

| Expenditure is capitalised when it is expected to have a useful life of more than one year.

| Stocks

| Property stock is valued at the lower of cost and net realisable value.

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

| Financial instruments

| (i) Financial assets

| Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Investment property

| Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

Investment | Freehold | Plant and |

Property | Property | machinery |

| £ | £ | £

| COST OR VALUATION

| At 1 November 2024 | 450,574 |  | 48,385 |  | 1,938 |  |

| Additions | - |  | - |  | 141 |  |

| Disposals | (82,574 | ) | - |  | - |  |

| At 31 October 2025 | 368,000 |  | 48,385 |  | 2,079 |  |

| DEPRECIATION

| At 1 November 2024 | - |  | 7,742 |  | 926 |  |

| Charge for year | - |  | 967 |  | 173 |  |

| At 31 October 2025 | - |  | 8,709 |  | 1,099 |  |

| NET BOOK VALUE

| At 31 October 2025 | 368,000 |  | 39,676 |  | 980 |  |

| At 31 October 2024 | 450,574 |  | 40,643 |  | 1,012 |  |

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

4. | TANGIBLE FIXED ASSETS - continued

Fixtures |

and | Computer |

fittings | equipment | Totals |

| £ | £ | £

| COST OR VALUATION

| At 1 November 2024 | 17,859 |  | 3,570 |  | 522,326 |  |

| Additions | - |  | - |  | 141 |  |

| Disposals | - |  | - |  | (82,574 | ) |

| At 31 October 2025 | 17,859 |  | 3,570 |  | 439,893 |  |

| DEPRECIATION

| At 1 November 2024 | 12,934 |  | 1,703 |  | 23,305 |  |

| Charge for year | 763 |  | 825 |  | 2,728 |  |

| At 31 October 2025 | 13,697 |  | 2,528 |  | 26,033 |  |

| NET BOOK VALUE

| At 31 October 2025 | 4,162 |  | 1,042 |  | 413,860 |  |

| At 31 October 2024 | 4,925 |  | 1,867 |  | 499,021 |  |

| Cost or valuation at 31 October 2025 is represented by:

Investment | Freehold | Plant and |

Property | Property | machinery |

| £ | £ | £

| Valuation in 2014 | 154,925 |  | - |  | - |  |

| Valuation in 2021 | 105,000 |  | - |  | - |  |

| Valuation in 2022 | 25,000 |  | - |  | - |  |

| Valuation in 2023 | 20,000 |  | - |  | - |  |

| Valuation in 2024 | (2,000 | ) | - |  | - |  |

| Cost | 65,075 |  | 48,385 |  | 2,079 |  |

368,000 |  | 48,385 |  | 2,079 |  |

Fixtures |

and | Computer |

fittings | equipment | Totals |

| £ | £ | £

| Valuation in 2014 | - |  | - |  | 154,925 |  |

| Valuation in 2021 | - |  | - |  | 105,000 |  |

| Valuation in 2022 | - |  | - |  | 25,000 |  |

| Valuation in 2023 | - |  | - |  | 20,000 |  |

| Valuation in 2024 | - |  | - |  | (2,000 | ) |

| Cost | 17,859 |  | 3,570 |  | 136,968 |  |

17,859 |  | 3,570 |  | 439,893 |  |

| Alder King, Chartered Surveyors, (FRICS) carried out a valuation of the company's investment property in October 2014. The valuation was based on an open market value.

| The Director revalued the investment property in October 2021 to October 2025 and consider this to be consistent with the open market value.

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

31.10.25 | 31.10.24 |

| £ | £

| Trade debtors | 23,815 |  | 3,440 |  |

| Amounts owed by group undertakings | 704,854 |  | 647,439 |  |

| Other debtors | 605,316 |  | 12,838 |  |

1,333,985 |  | 663,717 |  |

6. | CURRENT ASSET INVESTMENTS

| Investments are a 50% shareholding in Capron Gould Limited. Cost of this investment is £100,500.

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

31.10.25 | 31.10.24 |

| £ | £

| Bank loans and overdrafts | 205,675 |  | 212,746 |  |

| Trade creditors | 8,519 |  | 18,132 |  |

| Taxation and social security | 1,233 |  | 29,711 |  |

| Other creditors | 693,280 |  | 222,642 |  |

908,707 |  | 483,231 |  |

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

31.10.25 | 31.10.24 |

| £ | £

| Bank loans | 1,915,255 |  | 1,790,564 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

31.10.25 | 31.10.24 |

| £ | £

| Bank loans | 2,120,930 |  | 2,003,310 |  |

| The Bank loan is secured against various properties.

10. | RESERVES

Fair value |

reserve |

| £

| At 1 November 2024

| and 31 October 2025 | 226,886 |  |

| Premier Developments (South West) |

| Limited (Registered number: 02580568) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

11. | RELATED PARTY DISCLOSURES

| During the year the company had the following transactions:

| The total amount owed to another company controlled by the director at the year end is £155,500 (2024 £160,500). This loan is repayable on demand. No interest has currently been charged.

| A total loan of £605,500 was paid to another company jointly owned by the director, £55.000 was repaid in in the year. Interest had been charged at a rate of 8% over the period of the loan agreement.

| The total amount owed from the holding company at the year end is £704,853 (2024 £637,888) and is repayable on demand. No interest has currently been charged

| The total amount owed from another company controlled by the director at the year end is £1,643 (2024 £750) and is repayable on demand. No interest has currently been charged

| Total management charges of £23,125 (2024 £20,100) were paid to the company in which an investment is held in the year. The amount outstanding at the end of the year was £6,900 (2024 £6,030).

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Premier Developments (South West)

Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premier Developments (South West) Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Premier Developments (South West) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premier Developments (South West) Limited and state those matters that we have agreed to state to the director of Premier Developments (South West) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Developments (South West) Limited and its director for our work or for this report.

It is your duty to ensure that Premier Developments (South West) 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 Premier Developments (South West) Limited. You consider that Premier Developments (South West) 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 Premier Developments (South West) 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.

RT Marke & Co Limited

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

Date: .............................................