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REGISTERED NUMBER: 12334943 (England and Wales)

ORE Investments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

| ORE Investments Limited (Registered number: 12334943) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| ORE Investments Limited |

Company Information

for the year ended 31 December 2024

| Director: | C P Green

| Registered office: | 3c High Street

| Esher

| Surrey

| KT10 9RL

| Registered number: | 12334943 (England and Wales)

| ORE Investments Limited (Registered number: 12334943) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Investment property | 4 | 17,460,000 |  | 18,740,000 |  |

Current assets

Debtors | 5 | 838,058 |  | 193,466 |  |

Cash at bank | - |  | 32,992 |  |

838,058 |  | 226,458 |  |

Creditors

Amounts falling due within one year | 6 | 18,325,847 |  | 18,764,588 |  |

Net current liabilities | (17,487,789 | ) | (18,538,130 | ) |

Total assets less current liabilities | (27,789 | ) | 201,870 |  |

Capital and reserves

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | 8 | (27,790 | ) | 201,869 |  |

Shareholders' funds | (27,789 | ) | 201,870 |  |

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 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 3 September 2025 and were signed by:

C P Green - Director

| ORE Investments Limited (Registered number: 12334943) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | Statutory information

| ORE Investments Limited is a private company limited by shares incorporated in England and Wales. The Company's registered office and registered number 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.

| The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

| Related party exemption

| The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the Group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is recognised at the fair value of ground rents received or receivable in the normal course of business on an accruals basis.

| Investment property

| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

| Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the Income Statement.

| Financial instruments

| The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities includes trade creditors and loans from fellow group and related companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| ORE Investments Limited (Registered number: 12334943) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | Accounting policies - continued

| Equity instruments

| Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Going concern

| The current economic conditions, present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

| After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3. | Employees and directors

| The average number of employees during the year was NIL (2023 - NIL).

4. | Investment property

Total |

| £

| Fair value

| At 1 January 2024 | 18,740,000 |  |

| Disposals | (1,280,000 | ) |

| At 31 December 2024 | 17,460,000 |  |

| Net book value

| At 31 December 2024 | 17,460,000 |  |

| At 31 December 2023 | 18,740,000 |  |

5. | Debtors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Trade debtors | 4,083 |  | 11,660 |  |

| Amounts owed by group undertakings | 424,606 |  | 97,760 |  |

| Other debtors | 409,369 |  | 84,046 |  |

838,058 |  | 193,466 |  |

| ORE Investments Limited (Registered number: 12334943) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

6. | Creditors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Bank loans and overdrafts | 14,867 |  | - |  |

| Trade creditors | 8,051 |  | 4,977 |  |

| Amounts owed to group undertakings | 10,767,960 |  | 10,778,460 |  |

| Taxation and social security | (24 | ) | 31,444 |  |

| Other creditors | 7,534,993 |  | 7,949,707 |  |

18,325,847 |  | 18,764,588 |  |

7. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 1 | Ordinary | £1 | 1 |  | 1 |  |

8. | Reserves

Retained |

earnings |

| £

| At 1 January 2024 | 201,869 |  |

| Deficit for the year | (229,659 | ) |

| At 31 December 2024 | (27,790 | ) |

9. | Related party disclosures

| During the year the Company entered into the following transactions with related parties:

| Included in other debtors at the Balance Sheet date was an amount of £409,370 (2023 - 84,046) due from companies under common control.

| Included in other creditors at the Balance Sheet date was an amount of £16,425 (2023 - NIL) due to companies under common control.

10. | Ultimate controlling party

| The controlling party is Oakwood Real Estate Limited.

| The ultimate controlling party is C P Green.