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REGISTERED NUMBER: 00673945 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WHALEBONE INVESTMENT COMPANY LIMITED

WHALEBONE INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00673945) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31st March 2025

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| WHALEBONE INVESTMENT COMPANY LIMITED |

COMPANY INFORMATION

for the year ended 31st March 2025

| DIRECTORS: | P D Connell

| J D Connell

| R G Connell

| S J Halliday Read

| REGISTERED OFFICE: | Priestley House

| Priestley Gardens

| Chadwell Heath

| Essex

| RM6 4SN

| REGISTERED NUMBER: | 00673945 (England and Wales)

| ACCOUNTANTS: | Chegwidden & Co

| Chartered Accountants

| Priestley House

| Priestley Gardens

| Chadwell Heath

| Essex

| RM6 4SN

| SOLICITORS: | Messrs. Mullis and Peake

| 8-10 Eastern Road

| Romford

| Essex

| RM1 3PJ

WHALEBONE INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00673945) |

ABRIDGED STATEMENT OF FINANCIAL POSITION

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 3,000,000 |  | 2,780,000 |  |

CURRENT ASSETS

Debtors | 250,610 |  | 221,885 |  |

Cash at bank | 168 |  | 168 |  |

250,778 |  | 222,053 |  |

CREDITORS

Amounts falling due within one year | 14,160 |  | 12,657 |  |

NET CURRENT ASSETS | 236,618 |  | 209,396 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,236,618 |  | 2,989,396 |  |

PROVISIONS FOR LIABILITIES | 596,842 |  | 620,171 |  |

NET ASSETS | 2,639,776 |  | 2,369,225 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 5 | 2,633,798 |  | 2,390,469 |  |

Retained earnings | 5,878 |  | (21,344 | ) |

SHAREHOLDERS' FUNDS | 2,639,776 |  | 2,369,225 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WHALEBONE INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00673945) |

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued

31st March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd October 2025 and were signed on its behalf by:

P D Connell - Director

J D Connell - Director

WHALEBONE INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00673945) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31st March 2025

1. | STATUTORY INFORMATION

| Whalebone Investment Company 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the fair value of rental income receivable, excluding value added tax, once the income and related costs incurred can be reliably measured, and it is probable that the economic benefits will flow to the company.

| Investment properties

| Investment properties are stated at fair value and gains/losses are recognised in the Income Statement. Deferred tax is provided on these gains/losses at the corporation tax rates and applicable allowances expected to apply when the property is sold.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Rental income

| The company receives rental income under operating leases and other agreements. The income is recognised on a straight line basis over the lease term or period of agreement. The fair value of assets used to generate this income is disclosed in the note to fixed asset investments. The managing agents monitor and control the general repairs and maintenance of properties to ensure applicable contractual obligations are fulfilled.

WHALEBONE INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00673945) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st April 2024 | 2,780,000 |  |

| Revaluations | 220,000 |  |

| At 31st March 2025 | 3,000,000 |  |

| NET BOOK VALUE

| At 31st March 2025 | 3,000,000 |  |

| At 31st March 2024 | 2,780,000 |  |

| Fair value at 31st March 2025 is represented by:

£ |

| Valuation in 2017 | 2,063,000 |  |

| Valuation in 2018 | 28,300 |  |

| Valuation in 2019 | (80,306 | ) |

| Valuation in 2020 | 571,594 |  |

| Valuation in 2021 | 147,412 |  |

| Valuation in 2022 | 50,000 |  |

| Valuation in 2025 | 220,000 |  |

3,000,000 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 6,398 |  | 6,398 |  |

| Investment properties were valued on an open market value basis on 31st March 2025 by Directors .

WHALEBONE INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00673945) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31st March 2025

5. | RESERVES

| Fair

| value

| reserve

£ |

| At 1st April 2024 | 2,390,469 |  |

| Reclassification/transfer | 243,329 |  |

| At 31st March 2025 | 2,633,798 |  |

| The fair value reserve represents a non-distributable reserve arising from the net fair value gains on the revaluation of investment properties, following the transition to FRS 102 Section 1A (Small Companies).

6. | CONTINGENT LIABILITIES

| The parent company's bank loan, amounting to £135,640 (2024 - £143,615), has been secured on investment properties held by the company.

7. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Whalebone Holdings Ltd. which is considered to be the ultimate controlling party.