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REGISTERED NUMBER: OC314538 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Praia Investments LLP

Praia Investments LLP (Registered number: OC314538)

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Praia Investments LLP

General Information

for the Year Ended 31 March 2026

| DESIGNATED MEMBERS: | J Thornley

| A R Thornley

| REGISTERED OFFICE: | Hive 365

| Astute House

| Wilmslow Road

| Wilmslow

| SK9 3HP

| REGISTERED NUMBER: | OC314538 (England and Wales)

| ACCOUNTANTS: | Raise

| Chartered Accountants

| Trimble House

| 9 Bold Street

| Warrington

| WA1 1DN

| BANKERS: | Santander

| 298 Deansgate

| Manchester

| M3 4HH

Praia Investments LLP (Registered number: OC314538)

Balance Sheet

31 March 2026

| 31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 27,108 |  | 35,042 |  |

Investment property | 5 | - |  | 631,500 |  |

27,108 |  | 666,542 |  |

CURRENT ASSETS

Debtors | 6 | 619,070 |  | 19,192 |  |

Cash in hand | 10,487 |  | 84,129 |  |

629,557 |  | 103,321 |  |

CREDITORS

Amounts falling due within one year | 7 | 749 |  | 16,630 |  |

NET CURRENT ASSETS | 628,808 |  | 86,691 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 655,916 |  | 753,233 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 64,533 |  | 127,767 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 591,383 |  | 625,466 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 154,732 |  | 188,815 |  |

MEMBERS' OTHER INTERESTS

Fair value reserve | 10 | 436,651 |  | 436,651 |  |

591,383 |  | 625,466 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | 154,732 |  | 188,815 |  |

Members' other interests | 436,651 |  | 436,651 |  |

Amounts due from members | 6 | (93,900 | ) | (4,820 | ) |

497,483 |  | 620,646 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Praia Investments LLP (Registered number: OC314538)

Balance Sheet - continued

31 March 2026

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 August 2026 and were signed by:

J Thornley - Designated member

Praia Investments LLP (Registered number: OC314538)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Praia Investments LLP is registered in England and Wales. The LLP'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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

| 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.

| 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.

3. | EMPLOYEE INFORMATION

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

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 79,340 |  |

| AMORTISATION

| At 1 April 2025 | 44,298 |  |

| Charge for year | 7,934 |  |

| At 31 March 2026 | 52,232 |  |

| NET BOOK VALUE

| At 31 March 2026 | 27,108 |  |

| At 31 March 2025 | 35,042 |  |

Praia Investments LLP (Registered number: OC314538)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025 | 631,500 |  |

| Disposals | (631,500 | ) |

| At 31 March 2026 | - |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | 631,500 |  |

| The investment properties were valued as at 31 August 2019 by J Thornley (Chartered Surveyor) BSC MRICS, a designated member of the company. The fair value of the properties was £818,000

| No depreciation is provided in respect of these properties.

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2009 | 463,000 |  |

| Valuation in 2016 | 30,000 |  |

| Valuation in 2017 | (15,000 | ) |

| Valuation in 2018 | (12,000 | ) |

| Valuation in 2019 | (236,000 | ) |

| Cost | (230,000 | ) |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Other debtors | 619,070 |  | 19,192 |  |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans and overdrafts | - |  | 8,800 |  |

| Trade creditors | (1 | ) | 2,089 |  |

| Taxation and social security | - |  | 2,464 |  |

| Other creditors | 750 |  | 3,277 |  |

749 |  | 16,630 |  |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans | 64,533 |  | 127,767 |  |

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Amounts shown within loans and other debts due to members currently rank last compared with other creditors.

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2025

| and 31 March 2026 | 436,651 |  |

Praia Investments LLP (Registered number: OC314538)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

11. | RELATED PARTY DISCLOSURES

| Praia Investments LLP has made an interest free loan to Thornley Group Holdings Ltd which as at 31 March 2026 was at a balance of £519,550.02. This was introduced in the accounts in the year.

| ARHJ Ltd has also made an interest free loan to Praia Investments LLP, the balance on this loan at the year end was £64,533.09 (2025: £86,533.09).