NGFG Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 15745586

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		527,000		1,320,000

			527,000		1,320,000
CURRENT ASSETS
Debtors	5	444,099		30,991
Cash at bank and in hand		938		2,281

		445,037		33,272
Creditors: Amounts Falling Due Within One Year	6	(2,081 )		(24,489 )

NET CURRENT ASSETS (LIABILITIES)			442,956		8,783

TOTAL ASSETS LESS CURRENT LIABILITIES			969,956		1,328,783

Creditors: Amounts Falling Due After More Than One Year	7		(284,675 )		(528,995 )

NET ASSETS			685,281		799,788

CAPITAL AND RESERVES
Called up share capital	8		1,100		1,100
Share premium account			940,005		940,005
Profit and Loss Account			(255,824 )		(141,317 )

SHAREHOLDERS' FUNDS			685,281		799,788

Page 1

Page 2

NGFG Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P R Green

Director

14 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

NGFG Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15745586 . The registered office is Flat 1 40 Falkner Square, Liverpool, L8 7PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Going Concern Disclosure

The company is able to meet its day to day working capital requirements through the support of its directors. Therefore, the directors considers it appropriate to prepare the financial statements on the going concern basis.

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.

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. Investment Properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

Page 3

Page 4

NGFG Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

4. Investment Property

	2026
	£
Fair Value
As at 1 June 2025	1,320,000
Disposals	(734,000 )
Fair value adjustments	(59,000 )

As at 31 May 2026	527,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025 as restated
	£	£
Cost	586,000	1,469,000

The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.

5. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	1,175	-
Other debtors	442,924	30,991

	444,099	30,991

6. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Other creditors	2,081	24,489

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Bank loans	284,675	528,995

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026		2025 as restated
	£		£
Bank loans	284,675		528,955

Page 4

Page 5

NGFG Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Share Capital

	2026	2025 as restated
	£	£
Called Up Share Capital not Paid	1,100	1,100

Amount of Allotted, Called Up Share Capital	1,100	1,100

9. Directors Advances, Credits and Guarantees

	As at 1 June 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2026
	£	£	£	£	£
Mr Philip Green	(22,510 )	492,476	43,505	-	426,461

The balance brought forward at 1 June 2025 was a credit balance, being an amount owed by the company to the directors. The advances are unsecured, interest free and repayable on demand.

10. Reserves

	Share Premium	Profit and Loss Account
	£	£
As at 1 June 2025	940,005	(141,317 )
Loss for the year and total comprehensive income	-	(114,507 )

As at 31 May 2026	940,005	(255,824 )

The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable as follows:

	31/05/2026	31/05/2025 (restated)
Profit and (loss) distributable	(£279,315)	(£141,317)
Profit and (loss) non-distributable	£23,490	£Nil

The analysis of the profit and loss reserve as at 31st May 2025 has been restated. In the accounts as previously reported, the non-distributable reserve included losses on the revaluation of investment properties. Under TECH 02/17BL, these losses are treated as realised losses, and the amounts have therefore been reclassified to distributable reserves.

11. Post Balance Sheet Events

In June 2026, after the balance sheet date, the company sold one of its investment properties for £257,000. The fair value of this property at 31st May 2026 has been adjusted to £257,000 to reflect the sale price, as this provided evidence of its fair value at the balance sheet date. The disposal will reduce the carrying value of investment properties by £257,000. Costs of sale of approximately £9,945 will be recognised as a loss on disposal in the year ending 31st May 2027. The sale proceeds were applied in part to redeem a mortgage of £181,009 secured on the property, reducing bank loans.

Page 5

Page 6

NGFG Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

12. Related Party Transactions

The following related party transactions were undertaken during the year:

The directors introduced amounts totalling £43,505 (2025: £58,484) and withdrew amounts totalling £492,476 (2025: £35,974). At the balance sheet date the amount receivable from the directors was £426,461 (2025: £22,510 was payable to the director).

The company holds the beneficial interest in the investment properties of the former partnership business. Legal title to the properties and related mortgage obligations remain in the names of the directors. The company has assumed the risks and rewards of ownership, including responsibility for servicing the related borrowings, and accordingly both the properties and associated liabilities are recognised in these financial statements.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Page 6