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REGISTERED NUMBER: 12026632 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Medburn Property Holdings Ltd

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Report of the Accountants | 8 |

| Medburn Property Holdings Ltd |

Company Information

for the Year Ended 31 May 2025

| DIRECTOR: | A Brown

| REGISTERED OFFICE: | Manor House

| Medburn

| Newcastle upon Tyne

| NE20 0JB

| REGISTERED NUMBER: | 12026632 (England and Wales)

| ACCOUNTANTS: | AWS Accountancy Limited

| 3 Berrymoor Court

| Northumberland Business Park

| Cramlington

| Northumberland

| NE23 7RZ

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Balance Sheet

31 May 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 26,537 |  | 31,219 |  |

Investments | 5 | 100 |  | - |  |

Investment property | 6 | 4,031,498 |  | 4,031,498 |  |

4,058,135 |  | 4,062,717 |  |

CURRENT ASSETS

Debtors | 7 | 94,758 |  | 483,457 |  |

Cash at bank and in hand | 7,752 |  | 5,211 |  |

102,510 |  | 488,668 |  |

CREDITORS

Amounts falling due within one year | 8 | 212,076 |  | 713,768 |  |

NET CURRENT LIABILITIES | (109,566 | ) | (225,100 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,948,569 |  | 3,837,617 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (2,604,779 | ) | (2,536,677 | ) |

PROVISIONS FOR LIABILITIES | 10 | (361,866 | ) | (361,866 | ) |

NET ASSETS | 981,924 |  | 939,074 |  |

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Balance Sheet - continued

31 May 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 11 | 1,085,599 |  | 1,085,599 |  |

Retained earnings | (103,775 | ) | (146,625 | ) |

SHAREHOLDERS' FUNDS | 981,924 |  | 939,074 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 9 October 2025 and were signed by:

A Brown - Director

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Medburn Property Holdings Ltd 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 as modified by the revaluation of certain assets.

| 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.

| Fixtures and fittings | - | 15% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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.

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 1 June 2024

| and 31 May 2025 | 43,810 |  |

| DEPRECIATION

| At 1 June 2024 | 12,591 |  |

| Charge for year | 4,682 |  |

| At 31 May 2025 | 17,273 |  |

| NET BOOK VALUE

| At 31 May 2025 | 26,537 |  |

| At 31 May 2024 | 31,219 |  |

5. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| Additions | 100 |  |

| At 31 May 2025 | 100 |  |

| NET BOOK VALUE

| At 31 May 2025 | 100 |  |

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 June 2024

| and 31 May 2025 | 4,031,498 |  |

| NET BOOK VALUE

| At 31 May 2025 | 4,031,498 |  |

| At 31 May 2024 | 4,031,498 |  |

| Fair value at 31 May 2025 is represented by:

| £

| Valuation in 2020 | 164,454 |  |

| Valuation in 2021 | 112,759 |  |

| Valuation in 2022 | 381,372 |  |

| Valuation in 2023 | 859,613 |  |

| Valuation in 2024 | (70,733 | ) |

| Cost | 2,584,033 |  |

4,031,498 |  |

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

31.5.25 | 31.5.24 |

| £ | £

| Intercompany loans | 50,504 |  | 455,414 |  |

| Directors' loan accounts | 29,922 |  | 14,430 |  |

| Tax | 5,140 |  | 5,140 |  |

| Prepayments and accrued income | 9,192 |  | 8,473 |  |

94,758 |  | 483,457 |  |

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

31.5.25 | 31.5.24 |

| £ | £

| Bank loans and overdrafts | 20,488 |  | 20,257 |  |

| Other loans | 86,001 |  | 569,205 |  |

| Tax | - |  | 168 |  |

| Social security and other taxes | 28 |  | 5,427 |  |

| Intercompany loans | 103,359 |  | 115,196 |  |

| Accrued expenses | 2,200 |  | 3,515 |  |

212,076 |  | 713,768 |  |

| Medburn Property Holdings Ltd (Registered number: 12026632) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

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

31.5.25 | 31.5.24 |

| £ | £

| Bank loans - 2-5 years | 2,604,779 |  | 2,536,677 |  |

10. | PROVISIONS FOR LIABILITIES

31.5.25 | 31.5.24 |

| £ | £

| Deferred tax

| Revaluation in P&L | 236,735 |  | 236,735 |  |

| Deferred tax | 125,131 |  | 125,131 |  |

361,866 |  | 361,866 |  |

Deferred tax |

| £

| Balance at 1 June 2024 | 361,866 |  |

| Balance at 31 May 2025 | 361,866 |  |

11. | RESERVES

Fair value |

reserve |

| £

| At 1 June 2024

| and 31 May 2025 | 1,085,599 |  |

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25 | 31.5.24 |

| £ | £

| A Brown

| Balance outstanding at start of year | 14,430 |  | 38,773 |  |

| Amounts advanced | 49,392 |  | 68,857 |  |

| Amounts repaid | (33,900 | ) | (93,200 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 29,922 |  | 14,430 |  |

| Medburn Property Holdings Ltd |

Report of the Accountants to the Director of

Medburn Property Holdings Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2025 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

9 October 2025