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REGISTERED NUMBER: 06179573 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

FOR

KIRK PAROLLES LTD

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| KIRK PAROLLES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 29 NOVEMBER 2025

| DIRECTOR: | T Harrison

| REGISTERED OFFICE: | 38 Cressida Road

| London

| N19 3JW

| REGISTERED NUMBER: | 06179573 (England and Wales)

| ACCOUNTANTS: | TC Group

| 1st Floor

| 5-7 Portugal Place

| Cambridge

| Cambridgeshire

| CB5 8AF

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

BALANCE SHEET

29 NOVEMBER 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 12,957 |  | 15,086 |  |

Investments | 6 | - |  | 51 |  |

Investment property | 7 | 458,700 |  | 436,700 |  |

471,657 |  | 451,837 |  |

CURRENT ASSETS

Debtors | 8 | 2,963 |  | - |  |

Cash and cash equivalents | 8 |  | 2,090 |  |

2,971 |  | 2,090 |  |

CREDITORS

Amounts falling due within one year | 9 | (61,145 | ) | (31,675 | ) |

NET CURRENT LIABILITIES | (58,174 | ) | (29,585 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 413,483 |  | 422,252 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (150,000 | ) | (150,000 | ) |

PROVISIONS FOR LIABILITIES | 11 | (14,010 | ) | (8,510 | ) |

NET ASSETS | 249,473 |  | 263,742 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1 |  | 1 |  |

Fair value reserve | 13 | 42,029 |  | 25,529 |  |

Retained earnings | 207,443 |  | 238,212 |  |

SHAREHOLDERS' FUNDS | 249,473 |  | 263,742 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

BALANCE SHEET - continued

29 NOVEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2026 and were signed by:

T Harrison - Director

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Kirk Parolles Ltd 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 (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about Kirk Parolles Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents sale of publications and publication rights, 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.

| Motor Vehicle - 25% reducing balance

| Computer Equipment - 25% reducing balance

| Investment property

| Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

| Financial instruments

| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| 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.

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 NOVEMBER 2025

3. | 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Revenue recognition

| Revenue is recognised by reference to signed contracts in determining the schedule of rights to income. Non-refundable advances are recognised on signing of contracts.

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Motor |  | Computer |

| property |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 30 November 2024

| and 29 November 2025 | 7,300 |  | 41,790 |  | 6,067 |  | 55,157 |  |

| DEPRECIATION

| At 30 November 2024 | 406 |  | 34,352 |  | 5,313 |  | 40,071 |  |

| Charge for year | 81 |  | 1,860 |  | 188 |  | 2,129 |  |

| At 29 November 2025 | 487 |  | 36,212 |  | 5,501 |  | 42,200 |  |

| NET BOOK VALUE

| At 29 November 2025 | 6,813 |  | 5,578 |  | 566 |  | 12,957 |  |

| At 29 November 2024 | 6,894 |  | 7,438 |  | 754 |  | 15,086 |  |

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 NOVEMBER 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 30 November 2024 | 51 |  |

| Disposals | (51 | ) |

| At 29 November 2025 | - |  |

| NET BOOK VALUE

| At 29 November 2025 | - |  |

| At 29 November 2024 | 51 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 30 November 2024 | 436,700 |  |

| Revaluations | 22,000 |  |

| At 29 November 2025 | 458,700 |  |

| NET BOOK VALUE

| At 29 November 2025 | 458,700 |  |

| At 29 November 2024 | 436,700 |  |

| Fair value at 29 November 2025 is represented by:

£ |

| Valuation in 2024 | 34,039 |  |

| Valuation in 2025 | 22,000 |  |

| Cost | 402,661 |  |

458,700 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

| as restated |

£ | £ |

| Cost | 402,661 |  | 402,661 |  |

| The Investment property was valued on an open market basis on 29 November 2025 by the director .

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 NOVEMBER 2025

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

2025 | 2024 |

| as restated |

£ | £ |

| Other debtors | 2,963 |  | - |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Taxation and social security | - |  | 6,993 |  |

| Other creditors | 61,145 |  | 24,682 |  |

61,145 |  | 31,675 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Other creditors | 150,000 |  | 150,000 |  |

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| as restated |

£ | £ |

| Deferred tax | 14,010 |  | 8,510 |  |

| Deferred |

| tax |

£ |

| Balance at 30 November 2024 | 8,510 |  |

| Provided during year | 5,500 |  |

| Balance at 29 November 2025 | 14,010 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: |  | as restated |

£ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

| KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 NOVEMBER 2025

13. | RESERVES

| Fair

| value

| reserve

£ |

| At 30 November 2024 | 25,529 |  |

| Property revaluation | 16,500 |  |

| At 29 November 2025 | 42,029 |  |

14. | RELATED PARTY DISCLOSURES

| At the balance sheet date, an amount of £36,705 (2024: £94) was owed to the director. This balance is included within creditors falling due within one year. The loan is interest-free and repayable on demand.

| The company also owes the director a long-term loan of £150,000 (2024: £150,000), which is included within creditors falling due after more than one year. The loan is unsecured and repayable only after the director has provided the company with a minimum of 12 months' notice. The director elected not to charge interest on the loan during the current year (2024: £7,850 accrued).

15. | SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| Valuation basis for investment property

| The company holds an investment property which is carried at fair value in accordance with FRS 102 Section 16. Management has exercised judgement in determining that the fair value model is the most appropriate basis for measuring the property, having regard to the purpose for which it is held and the relevance of fair value information to users of the financial statements.

| Determination of fair value in the absence of an external valuation

| The investment property has been revalued at the year end by the director. Significant judgement is involved in assessing the fair value where no independent professional valuation has been obtained. Judgement is applied in analysing comparable market data, recent transactions for similar properties, rental yields, occupancy assumptions and expected future cash flows.

| Key Sources of Estimation Uncertainty

| Fair value of investment property

| The valuation of investment property is subject to estimation uncertainty and is based on assumptions concerning market conditions and property-specific factors. Changes in these assumptions could result in a material adjustment to the carrying amount of the property in future periods.