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REGISTERED NUMBER: 11516077 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Millglade Holdings Limited |

Millglade Holdings Limited (Registered number: 11516077)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Millglade Holdings Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | A D Pink

| REGISTERED OFFICE: | 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

| REGISTERED NUMBER: | 11516077 (England and Wales)

| ACCOUNTANTS: | APT

| 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

Millglade Holdings Limited (Registered number: 11516077)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1,251,291 |  | 1,218,560 |  |

CURRENT ASSETS

Debtors | 5 | 1,462,309 |  | 1,475,618 |  |

Cash at bank and in hand | 489 |  | 10,976 |  |

1,462,798 |  | 1,486,594 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,122,467 |  | 1,148,521 |  |

NET CURRENT ASSETS | 340,331 |  | 338,073 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,591,622 |  | 1,556,633 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 1,591,620 |  | 1,556,631 |  |

SHAREHOLDERS' FUNDS | 1,591,622 |  | 1,556,633 |  |

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

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

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 31 August 2025 and were signed by:

A D Pink - Director

Millglade Holdings Limited (Registered number: 11516077)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Millglade Holdings 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.

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.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| Financial instruments

| Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost, using the effective interest rate method.

| 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.

| 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.

| Going concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Millglade Holdings Limited (Registered number: 11516077)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Other income

| Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established. Income from fixed asset investments is recognised when the right to it has been established.

| Profit share income from LLP's is recognised on an accruals basis in line with the member LLP's financial statements.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| 31.3.25 |  | 31.3.24

£ | £ |

| Shares in group undertakings | 1 |  | 1 |  |

| Participating interests | 1 |  | 1 |  |

| Other investments not loans | 1,251,289 |  | 1,218,558 |  |

1,251,291 |  | 1,218,560 |  |

| Additional information is as follows:

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1 |  | 1 |  | 2 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1 |  | 1 |  | 2 |  |

| At 31 March 2024 | 1 |  | 1 |  | 2 |  |

| Investments (neither listed nor unlisted) were as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| The Horse & Groom (Mercatoria) LLP | 1,251,289 |  | 1,218,558 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed by group undertakings | 18,215 |  | - |  |

| Other debtors | 1,444,094 |  | 1,475,618 |  |

1,462,309 |  | 1,475,618 |  |

Millglade Holdings Limited (Registered number: 11516077)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to group undertakings | - |  | 3,637 |  |

| Taxation and social security | 2,033 |  | 450 |  |

| Other creditors | 1,120,434 |  | 1,144,434 |  |

1,122,467 |  | 1,148,521 |  |

7. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company was due £1,161,174 (2024: £1,159,074) from Hanson Street Estates Limited a company under the control of the director.

| At the balance sheet date the company was due £18,215 by its subsidiary Millglade Consultancy Limited (2024 owed £3,636 to its subsidiary).

| At the balance sheet date the company owed £360,432 to its director, Alan Pink (2024 £384,432). This balance is interest free and repayable on demand.

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is Louise Pink.