Aston Group Estates Limited

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

1. General Information

Aston Group Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15865364 . The registered office is 124-128 City Road, London, EC1V 2NX.

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

10% Straight Line

2.5. Investment Properties

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.

2.6. 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.

Page 3

Page 4

Aston Group Estates Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2025 to 28 February 2026

2.7. Financial Instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.8. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing

borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of

transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss

account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest

payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2025: 1)

4. Prior Period Adjustment

During the year, the company reviewed the accounting treatment of its bank borrowing and updated the calculation of the associated finance costs using the effective interest rate (“EIR”) method.

The revised calculation identified that bank interest expense had been understated in the prior year. The comparative figures have therefore been restated to recognise the additional finance cost and the related reduction in corporation tax.

The effect of the prior period adjustment was as follows:

Original Adjustment Restated

Bank interest expense £60,084 £15,867 increase £75,951

Corporation tax charge £ 4,569 £ 3,651 decrease £ 918

Retained earnings £16,742 £12,216 decrease £ 4,526

The adjustment has been recognised retrospectively, with the comparative figures restated accordingly.

Page 4

Page 5

Aston Group Estates Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2025 to 28 February 2026

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 August 2025	634
Additions	6,348

As at 28 February 2026	6,982

Depreciation
As at 1 August 2025	22
Provided during the period	354

As at 28 February 2026	376

Net Book Value
As at 28 February 2026	6,606

As at 1 August 2025	612

6. Investment Property

	28 February 2026
	£
Fair Value
As at 1 August 2025 and 28 February 2026	1,788,555

7. Debtors

	28 February 2026	31 July 2025
	£	£
Due within one year
Other debtors	4,726	333

8. Creditors: Amounts Falling Due Within One Year

	28 February 2026	31 July 2025
	£	£
Trade creditors	1,379	1
Bank loans and overdrafts	16,669	13,014
Other creditors	4,249	3,738
Taxation and social security	917	918

	23,214	17,671

Page 5

Page 6

Aston Group Estates Limited

Notes to the Financial Statements (continued)

For the Period 1 August 2025 to 28 February 2026

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

	28 February 2026	31 July 2025
	£	£
Bank loans	1,010,559	997,545
Amounts owed to participating interests	801,175	816,175

	1,811,734	1,813,720

10. Secured Creditors

Of the creditors the following amounts are secured.

	28 February 2026		31 July 2025
	£		£
Bank loans and overdrafts	1,027,227		1,010,559

11. Share Capital

	28 February 2026	31 July 2025
	£	£
Allotted, Called up and fully paid	100	100

12. Related Party Transactions

The following loans to the company are unsecured, interest free and repayable upon demand:

Jonathan Swain

Director

£270 (2025: £320) - Amounts Owing to Director

Swain Enterprise Limited

Parent Company

£801,175 (2025: £816,175) - Amounts Owing to Parent Company

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Swain Enterprise Limited.

The ultimate controlling party is Jonathan Swain who controls 100% of the shares of Swain Enterprise Limited.

Page 6

		28 February 2026		31 July 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		6,606		612
Investment Properties	6		1,788,555		1,788,555

			1,795,161		1,789,167
CURRENT ASSETS
Debtors	7	4,726		333
Cash at bank and in hand		21,998		46,517

		26,724		46,850
Creditors: Amounts Falling Due Within One Year	8	(23,214 )		(17,671 )

NET CURRENT ASSETS (LIABILITIES)			3,510		29,179

TOTAL ASSETS LESS CURRENT LIABILITIES			1,798,671		1,818,346

Creditors: Amounts Falling Due After More Than One Year	9		(1,811,734 )		(1,813,720 )

NET (LIABILITIES)/ASSETS			(13,063 )		4,626

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(13,163 )		4,526

SHAREHOLDERS' FUNDS			(13,063)		4,626