Anhalt Investments Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Anhalt Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15765925 . The registered office is 2nd Floor, 45-47 High Street, Cobham, Surrey, KT11 3DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value using the first in first out method. In the case of finished goods and work in progress, cost is defined as the aggregate cost of raw material, direct labour and the attributable proportion of direct production overheads based on a normal level of capacity. Net realisable value is based on normal selling price, less further costs expected to be incurred to completion and disposal.

At the end of each reporting period, stocks and work in progress are assessed for impairment. If an item (or group of items) is impaired, that item is measured at it selling price less costs to complete and sell, and an impairment loss is recognised.

2.5. Financial Instruments

Ordinary Share Capital

The ordinary share capital of the company is presented as equity.

Unlisted Investments

The company holds investments in unlisted non-puttable equity shares of a number of entities. It is considered by the directors that the fair value of these shares cannot be measured reliably. These investments are measured at cost less impairment.

Cash and cash equivalents

Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of change in value.

Other financial assets

Other financial assets including trade debtors arising from goods sold to customers on short-term credit, are initially measured at the undiscounted amount of cash receivable from that debtor, which is normally the invoice price. If payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate, this constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Subsequently, other financial assets are measured at amortised cost less impairment, where there is objective evidence of impairment.

Loans and borrowings

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Anhalt Investments Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 August 2026

2.5. Financial Instruments - continued

All loans made by the company are initially recorded at the amount of cash advanced plus transaction costs incurred, unless the arrangement constitutes, in effect, a financing transaction, in which case it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument. Subsequently loans made by the company are stated at amortised cost using the effective interest rate method less impairment, where there is objective evidence of impairment.

All borrowings by the company, with the exception of loans from directors who are natural persons and shareholders in the company (or close members of the family of such persons), are initially recorded at the amount of cash received less separately incurred transaction costs, unless the arrangement constitutes, in effect, a financing transaction, in which case it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument. Subsequently, borrowings are stated at amortised cost using the effective interest rate method.

Loans from directors who are natural persons and shareholders in the company (or close members of the family of such persons) are initially measured at transaction price and not discounted on subsequent measurement.

The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one year or on demand are not amortised. Loans and borrowings are classified as current assets or liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least twelve months after the financial year end date.

Other financial liabilities

Other financial liabilities, including trade creditors arising from goods purchased from suppliers on short-term credit, are initially measured at the undiscounted amount owed to the creditor, which is normally the invoice price. Liabilities that are settled within one year are not discounted. If payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate, this constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Subsequently, other financial liabilities are measured at amortised cost.

Impairment of financial assets

At the end of each reporting period, the company assesses whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost, including unlisted investments, loans, trade debtors and cash. If there is objective evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2025: 2)

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Anhalt Investments Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 August 2026

4. Stocks

	31 August 2026	31 March 2025
	£	£
Stock	-	2,166,203
Work in progress	-	744,776

	-	2,910,979

5. Creditors: Amounts Falling Due Within One Year

	31 August 2026	31 March 2025
	£	£
Corporation tax	13,163	30,541
Accruals and deferred income	2,609	37,502
Directors' loan accounts	93,480	25,500
Amounts owed to related parties	-	2,889,856

	109,252	2,983,399

6. Secured Creditors

Amounts owed to related parties are secured by way of fixed and floating charges over the assets of the company.

7. Share Capital

	31 August 2026	31 March 2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Dividends

	31 August 2026	31 March 2025
	£	£
On equity shares:
Interim dividend paid	-	25,000
Final dividend paid	93,480	25,000

	93,480	50,000

9. Reserves

	Profit and Loss Account
	£
As at 1 April 2025	41,621
Profit for the period and total comprehensive income	51,859

Dividends paid	(93,480)

As at 31 August 2026	-

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Anhalt Investments Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 August 2026

10. Related Party Transactions

	Opening balance	Advances/Interest	Repayments	Closing balance
	£	£	£	£
Amounts owed to (by) directors:
Conor Clarke	13,000	76,541	(42,801)	46,740
Frederick Stolkin	12,500	46,740	(12,500)	46,740
Amounts owed to (by) related parties:
Rocco Homes Limited	1,444,948	105,085	(1,550,033)	-
The Mark Stolkin (No.1) Settlement/Mark Robert Stolkin Settlement	1,444,908	105,125	(1,550,033)	-

	2,915,356	333,491	(3,155,367)	93,480

Rocco Homes Limited and The Mark Stolkin (No.1) Settlement/Mark Robert Stolkin Settlement are related parties owing to family relationships between the shareholders/directors and trustees/beneficairies of those entities, and the shareholders/directors of Anhalt Investments Limited.

The amounts owed to Rocco Homes Limited and The Mark Stolkin (No.1) Settlement/Mark Robert Stolkin Settlement are secured, interest bearing and repayable on demand.

11. Ultimate Controlling Party

In the opinion of the directors, the company is not under the control of any individual or corporate entity.

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		31 August 2026		31 March 2025
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	-		2,910,979
Debtors		450		-
Cash at bank and in hand		109,802		115,041

		110,252		3,026,020
Creditors: Amounts Falling Due Within One Year	5	(109,252 )		(2,983,399 )

NET CURRENT ASSETS (LIABILITIES)			1,000		42,621

TOTAL ASSETS LESS CURRENT LIABILITIES			1,000		42,621

NET ASSETS			1,000		42,621

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			-		41,621

SHAREHOLDERS' FUNDS			1,000		42,621