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REGISTERED NUMBER: 02392750 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

REEFWOOD LIMITED

| REEFWOOD LIMITED (REGISTERED NUMBER: 02392750) |

Contents of the Financial Statements

for the year ended 30 November 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| REEFWOOD LIMITED |

Company Information

for the year ended 30 November 2025

| DIRECTOR: | P G Cobb

| SECRETARY: | P G Cobb

| REGISTERED OFFICE: | 35 Brock Street

| Bath

| BA1 2LN

| REGISTERED NUMBER: | 02392750 (England and Wales)

| ACCOUNTANTS: | Richardson Swift

| Chartered Accountants

| 11 Laura Place

| Bath

| BA2 4BL

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Reefwood 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 Reefwood Limited for the year ended 30 November 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 Reefwood Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reefwood Limited and state those matters that we have agreed to state to the director of Reefwood 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 Reefwood Limited and its director for our work or for this report.

It is your duty to ensure that Reefwood 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 loss of Reefwood Limited. You consider that Reefwood 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 Reefwood 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

17 August 2026

| REEFWOOD LIMITED (REGISTERED NUMBER: 02392750) |

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 47,253 |  | 55,565 |  |

CURRENT ASSETS

Debtors | 5 | 105,417 |  | 94,801 |  |

Cash at bank and in hand | 132,768 |  | 400,457 |  |

238,185 |  | 495,258 |  |

CREDITORS

Amounts falling due within one year | 6 | 87,711 |  | 81,863 |  |

NET CURRENT ASSETS | 150,474 |  | 413,395 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 197,727 |  | 468,960 |  |

PROVISIONS FOR LIABILITIES | 7 | - |  | 1,540 |  |

NET ASSETS | 197,727 |  | 467,420 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 33 |  | 33 |  |

Capital redemption reserve | 33 |  | 33 |  |

Retained earnings | 197,661 |  | 467,354 |  |

SHAREHOLDERS' FUNDS | 197,727 |  | 467,420 |  |

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

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

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 17 August 2026 and were signed by:

P G Cobb - Director

| REEFWOOD LIMITED (REGISTERED NUMBER: 02392750) |

Notes to the Financial Statements

for the year ended 30 November 2025

1. | STATUTORY INFORMATION

| Reefwood 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.

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, recognised when services have been rendered.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the assets if it were to be sold at the reporting date.

| Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| REEFWOOD LIMITED (REGISTERED NUMBER: 02392750) |

Notes to the Financial Statements - continued

for the year ended 30 November 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 14 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2024 | 90,176 |  | 130,334 |  | 17,458 |  | 237,968 |  |

| Additions | - |  | - |  | 2,728 |  | 2,728 |  |

| At 30 November 2025 | 90,176 |  | 130,334 |  | 20,186 |  | 240,696 |  |

| DEPRECIATION

| At 1 December 2024 | 68,110 |  | 106,919 |  | 7,374 |  | 182,403 |  |

| Charge for year | 3,265 |  | 5,853 |  | 1,922 |  | 11,040 |  |

| At 30 November 2025 | 71,375 |  | 112,772 |  | 9,296 |  | 193,443 |  |

| NET BOOK VALUE

| At 30 November 2025 | 18,801 |  | 17,562 |  | 10,890 |  | 47,253 |  |

| At 30 November 2024 | 22,066 |  | 23,415 |  | 10,084 |  | 55,565 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 20,682 |  | 19,174 |  |

| Other debtors | 84,735 |  | 75,627 |  |

105,417 |  | 94,801 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 40,594 |  | - |  |

| Trade creditors | 16,569 |  | 21,938 |  |

| Taxation and social security | 17,267 |  | 49,969 |  |

| Other creditors | 13,281 |  | 9,956 |  |

87,711 |  | 81,863 |  |

7. | PROVISIONS FOR LIABILITIES

2024 |

£ |

| Deferred tax | 1,540 |  |

| REEFWOOD LIMITED (REGISTERED NUMBER: 02392750) |

Notes to the Financial Statements - continued

for the year ended 30 November 2025

7. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 1,540 |  |

| Accelerated capital allowances | (1,014 | ) |

| Losses | (37,313 | ) |

| Balance at 30 November 2025 | (36,787 | ) |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 33 | Ordinary | £1 | 33 |  | 33 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| At the balance sheet date the Director owed the Company £25,501 (2024: £62,170). During the year £28,331 was advanced and £53,000 was repaid.