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REGISTERED NUMBER: 05398919 (England and Wales)

Wigmore Investments (UK) Limited

Financial Statements

for the Year Ended 31 December 2024

| Wigmore Investments (UK) Limited (Registered number: 05398919) |

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 |

| Wigmore Investments (UK) Limited |

Company Information

for the year ended 31 December 2024

| Directors: | O Crocker

| H Crocker

| E Crocker

| A Crocker

| Secretary: | O Crocker

| Registered office: | 35 Ballards Lane

| London

| N3 1XW

| Registered number: | 05398919 (England and Wales)

| Wigmore Investments (UK) Limited (Registered number: 05398919) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Investments | 4 | 301 |  | 401 |  |

Current assets

Stocks | - |  | 15,387 |  |

Debtors | 5 | 1,943,901 |  | 1,343,901 |  |

Cash at bank | 4,175,439 |  | 4,789,258 |  |

6,119,340 |  | 6,148,546 |  |

Creditors

Amounts falling due within one year | 6 | 1,505,106 |  | 1,456,392 |  |

Net current assets | 4,614,234 |  | 4,692,154 |  |

Total assets less current liabilities | 4,614,535 |  | 4,692,555 |  |

Capital and reserves

Called up share capital | 7 | 223 |  | 223 |  |

Retained earnings | 4,614,312 |  | 4,692,332 |  |

Shareholders' funds | 4,614,535 |  | 4,692,555 |  |

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 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.

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 Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

H Crocker - Director

| Wigmore Investments (UK) Limited (Registered number: 05398919) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | Statutory information

| Wigmore Investments (UK) 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 in 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Wigmore Investments (UK) Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates, will by definition seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| i. Impairment of assets and investments

| The Company considers whether assets and investments are impaired. Where an indication of impairment is identified the estimation of recoverable values requires estimation of the recoverable value of the cash generating units (CGUs). This requires estimation of the future cash flows from the CGUs and also selection of appropriate discount rates in order to calculate the net present values of those cash flows.

| ii. Recoverability of intercompany receivables

| At the end of each reporting period, management assesses the ability of the Group entities to repay any receivable and consider the support from the Parent Company.

| Investments in subsidiaries and associates

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

| Wigmore Investments (UK) Limited (Registered number: 05398919) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | Accounting policies - continued

| Financial instruments

| Financial assets and liabilities a re recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds basic financial instruments which comprise cash at bank, trade and other receivables, equity investments and trade and other payables. The Company and the Company has chosen to apply the provisions of Section 11 Basic Financial Instruments in full.

| Financial assets - classified as basic financial instruments

| (i) Cash at bank and in hand

| Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

| (ii) Trade and other receivables

| Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

| At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Group will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

| (iii) Equity investments

| Equity investments comprise ordinary shares in subsidiaries and associates. Equity investments are initially recognised at cost, which is the transaction price excluding transaction costs and reviewed annually for impairment. Any impairment is recognised in the Income Statement.

| Financial Liabilities - classified as basic financial instruments

| (i) Trade and other payables and loans and borrowings

| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.

| Going concern

| In the opinion of the Directors, based on the Company's budgets and financial projections, they have satisfied themselves that the business is a going concern. The Directors have reasonable expectations that the Company has adequate resources to continue for a period of at least 12 months from authorisation of the financial statements and therefore consider that the going concern basis of accounting is applicable.

3. | Employees and directors

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

| Wigmore Investments (UK) Limited (Registered number: 05398919) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

4. | Fixed asset investments

Shares in |

group | Interest in |

undertakings | associate | Totals |

| £ | £ | £

| Cost or valuation

| At 1 January 2024 | 201 |  | 200 |  | 401 |  |

| Disposals | (100 | ) | - |  | (100 | ) |

| At 31 December 2024 | 101 |  | 200 |  | 301 |  |

| Net book value

| At 31 December 2024 | 101 |  | 200 |  | 301 |  |

| At 31 December 2023 | 201 |  | 200 |  | 401 |  |

| Cost or valuation at 31 December 2024 is represented by:

Shares in |

group | Interest in |

undertakings | associate | Totals |

| £ | £ | £

| Valuation in 2023 | (1,211,704 | ) | - |  | (1,211,704 | ) |

| Cost | 1,211,805 |  | 200 |  | 1,212,005 |  |

101 |  | 200 |  | 301 |  |

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

2024 | 2023 |

| £ | £

| Amounts owed by group undertakings | 1,943,801 |  | 9,680 |  |

| Directors' loan accounts | - |  | 1,334,121 |  |

| Called up share capital not paid | 100 |  | 100 |  |

1,943,901 |  | 1,343,901 |  |

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

2024 | 2023 |

| £ | £

| Amounts owed to group undertakings | 16,386 |  | 1,434,554 |  |

| Tax | - |  | 21,838 |  |

| Other creditors | 275,339 |  | - |  |

| Directors' loan accounts | 1,169,293 |  | - |  |

| Accruals and deferred income | 44,088 |  | - |  |

1,505,106 |  | 1,456,392 |  |

7. | Called up share capital

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 2,226 | Ordinary | £0.1 | 223 |  | 223 |  |

| Wigmore Investments (UK) Limited (Registered number: 05398919) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

7. | Called up share capital - continued

| Shares have attached to them full voting, dividend and capital distribution (including on winding up) rights. They do not confer any rights on redemption.

8. | Related party disclosures

| As at the year end the Group has a number of balances outstanding with related parties. These have been summarised below, with positive balances indicating debtors and negative balances indicating creditors.

| Company |  | Relation |  | 2024 |  | 2023 |  |

| Delph Property Developments Limited |  | Company under common control |  | (22 | ) | - |  |

| Pearl Finance Limited |  | Company under common control |  | 1,343,801 |  | 9,680 |  |

| DCD Lending Limited |  | Company under common control |  | (458 | ) | (458 | ) |

| P Crocker |  | Family members of directors |  | (15,907 | ) | (12,907 | ) |

| H Crocker |  | Director |  | (1,169,293 | ) | 197,024 |  |

| All loans are unsecured, interest free and repayable on demand.