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REGISTERED NUMBER: 08338973 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST JANUARY 2025 |

| FOR |

| IGLOO 11 INVESTMENTS LIMITED |

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

IGLOO 11 INVESTMENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST JANUARY 2025

| DIRECTOR: | A P Ritchie

| REGISTERED OFFICE: | Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

| REGISTERED NUMBER: | 08338973 (England and Wales)

| ACCOUNTANTS: | Compass Accountants Limited

| Chartered Accountants

| Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

BALANCE SHEET

31ST JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 21,359 |  | 28,479 |  |

Investment property | 5 | 1,933,542 |  | 910,000 |  |

1,954,901 |  | 938,479 |  |

CURRENT ASSETS

Debtors | 6 | 31,626 |  | 5,994 |  |

Cash at bank | 51,216 |  | 2,821 |  |

82,842 |  | 8,815 |  |

CREDITORS

Amounts falling due within one year | 7 | 391,987 |  | 23,660 |  |

NET CURRENT LIABILITIES | (309,145 | ) | (14,845 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,645,756 |  | 923,634 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (980,588 | ) | (277,083 | ) |

PROVISIONS FOR LIABILITIES | (5,340 | ) | (7,836 | ) |

NET ASSETS | 659,828 |  | 638,715 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 150 |  | 150 |  |

Retained earnings | 659,678 |  | 638,565 |  |

SHAREHOLDERS' FUNDS | 659,828 |  | 638,715 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

BALANCE SHEET - continued

31ST JANUARY 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th October 2025 and were signed by:

A P Ritchie - Director

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

1. | STATUTORY INFORMATION

| Igloo 11 Investments 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Investment property

| Investment property is carried at fair value determined annually by the directors using information available to them unless an external valuation has been provided during the financial period. No depreciation is provided. Changes in fair value are recognised in profit or loss.

| Taxation

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

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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.

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Basic 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 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, where 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.

| The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1st February 2024

| and 31st January 2025 | 35,599 |  |

| DEPRECIATION

| At 1st February 2024 | 7,120 |  |

| Charge for year | 7,120 |  |

| At 31st January 2025 | 14,240 |  |

| NET BOOK VALUE

| At 31st January 2025 | 21,359 |  |

| At 31st January 2024 | 28,479 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st February 2024 | 910,000 |  |

| Additions | 1,023,542 |  |

| At 31st January 2025 | 1,933,542 |  |

| NET BOOK VALUE

| At 31st January 2025 | 1,933,542 |  |

| At 31st January 2024 | 910,000 |  |

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 31st January 2025 is represented by: |  | £ |  |

| Valuation in 2013 |  |  | 14,490 |  |

| Valuation in 2018 |  |  | (290,000 | ) |

| Cost |  |  | 2,209,052 |  |

|  | 1,933,542 |  |

| If the investment property had not been revalued it would have been included at the following historical cost:

|  | 31.1.24 |  | 31.1.23 |  |

| £ |  | £ |  |

| Cost |  | 1,185,510 |  | 1,185,510 |  |

| The investment property was valued on an open market basis on 31st January 2025 by the directors.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 17,500 |  | - |  |

| Other debtors | 14,126 |  | 5,994 |  |

31,626 |  | 5,994 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 140,246 |  | - |  |

| Trade creditors | 160 |  | - |  |

| Taxation and social security | 50,693 |  | 21,682 |  |

| Other creditors | 200,888 |  | 1,978 |  |

391,987 |  | 23,660 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 834,755 |  | - |  |

| Other creditors | 145,833 |  | 277,083 |  |

980,588 |  | 277,083 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 554,263 |  | - |  |

IGLOO 11 INVESTMENTS LIMITED (REGISTERED NUMBER: 08338973)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 975,001 |  | - |  |

| Bank loans are secured by a first legal charge respectively over 29-33 and 37-39 Guildhall Walk, Portsmouth, Hampshire, PO1 2RY.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 40 | Ordinary 'C' shares | £1 | 50 |  | 50 |  |

| 50 | Ordinary 'A' shares | £1 | 60 |  | 60 |  |

| 60 | Ordinary 'B' shares | £1 | 40 |  | 40 |  |

150 |  | 150 |  |