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REGISTERED NUMBER: 04061285 (England and Wales)

| LION ASSETS LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST JANUARY 2025 |

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

| Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 7

| LION ASSETS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST JANUARY 2025

| DIRECTORS: | Ms A A Smith

| Mr L O de Souza

| REGISTERED OFFICE: | Clay Hill Park

| Barnes Green

| Brinkworth

| CHIPPENHAM

| Wiltshire

| SN15 5AQ

| REGISTERED NUMBER: | 04061285 (England and Wales)

| ACCOUNTANTS: | Morris Owen

| Chartered Accountants

| 43-45 Devizes Road

| SWINDON

| Wiltshire

| SN1 4BG

| BANKERS: | Svenska Handelsbanken AG

| 40 Queen Square

| BRISTOL

| BS1 4QP

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

STATEMENT OF FINANCIAL POSITION

31ST JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,089 |  | 6,655 |  |

Investment property | 5 | 2,964,549 |  | 3,237,088 |  |

2,969,638 |  | 3,243,743 |  |

CURRENT ASSETS

Debtors | 6 | 40,320 |  | 419 |  |

Cash at bank | 3,876 |  | 18,190 |  |

44,196 |  | 18,609 |  |

CREDITORS

Amounts falling due within one year | 7 | 843,087 |  | 785,728 |  |

NET CURRENT LIABILITIES | (798,891 | ) | (767,119 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,170,747 |  | 2,476,624 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (693,647 | ) | (1,127,438 | ) |

PROVISIONS FOR LIABILITIES | (87,710 | ) | (99,546 | ) |

NET ASSETS | 1,389,390 |  | 1,249,640 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Retained earnings | 11 | 1,389,388 |  | 1,249,638 |  |

SHAREHOLDERS' FUNDS | 1,389,390 |  | 1,249,640 |  |

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 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.

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 6th November 2025 and were signed on its behalf by:

Ms A A Smith - Director

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

1. | STATUTORY INFORMATION

| Lion Assets Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: 04061285

| Registered office: Clay Hill Park, Barnes Green, Brinkworth, Chippenham, Wiltshire, SN15 5AQ

| The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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

| In preparing these financial statements, the directors have made the following judgements:

| - Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| - Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

| - Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

| 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.

| Plant and machinery | - | 5% on 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 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 statement of financial position date.

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st February 2024

| and 31st January 2025 | 7,829 |  |

| DEPRECIATION

| At 1st February 2024 | 1,174 |  |

| Charge for year | 1,566 |  |

| At 31st January 2025 | 2,740 |  |

| NET BOOK VALUE

| At 31st January 2025 | 5,089 |  |

| At 31st January 2024 | 6,655 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st February 2024 | 3,237,088 |  |

| Additions | 4,827 |  |

| Disposals | (277,366 | ) |

| At 31st January 2025 | 2,964,549 |  |

| NET BOOK VALUE

| At 31st January 2025 | 2,964,549 |  |

| At 31st January 2024 | 3,237,088 |  |

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 640 |  | 179 |  |

| Other debtors | 39,680 |  | 240 |  |

40,320 |  | 419 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 432,378 |  | 112,267 |  |

| Trade creditors | 14,194 |  | 10,264 |  |

| Taxation and social security | 116,664 |  | 25,908 |  |

| Other creditors | 279,851 |  | 637,289 |  |

843,087 |  | 785,728 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 693,647 |  | 1,127,438 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,126,025 |  | 1,239,705 |  |

| The bank loans are secured by way of a fixed charge over the following land/properties:

| - Unit 7 and unit 8 and paddock land at Callow Park, Brinkworth, Wiltshire.

| - Freehold property known as Pebbledene, Barnes Green, Brinkworth, Wiltshire.

| - Land and paddock at Callow Park, Callow Hill, Brinkworth, Wiltshire.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

11. | RESERVES

| Included within retained earnings is £546,777 (2024: £560,522) which is undistributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.

| LION ASSETS LTD (REGISTERED NUMBER: 04061285) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 | 2024 |

£ | £ |

| Mr L O de Souza and Ms A A Smith

| Balance outstanding at start of year | (288,671 | ) | (288,671 | ) |

| Amounts advanced | 350,000 |  | - |  |

| Amounts repaid | (22,026 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 39,303 |  | (288,671 | ) |