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REGISTERED NUMBER: 14677489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

AI ESTATE HOLDINGS LTD

| AI ESTATE HOLDINGS LTD (REGISTERED NUMBER: 14677489) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| AI ESTATE HOLDINGS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Mr A Merzhani

| Mr I Elezi

| REGISTERED OFFICE: | 31 Pembroke Road

| Palmers Green

| London

| N13 5NR

| REGISTERED NUMBER: | 14677489 (England and Wales)

| ACCOUNTANTS: | Chris Skarparis & Co Ltd

| Chartered Accountants

| 2nd Floor

| 10(b) Aldermans Hill

| Palmers Green

| London

| N13 4PJ

| AI ESTATE HOLDINGS LTD (REGISTERED NUMBER: 14677489) |

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 |  | 29.2.24

| Notes | £ | £ |

CURRENT ASSETS

Development properties | 4 | 595,840 |  | 367,729 |  |

Cash at bank | 25,681 |  | 11,584 |  |

621,521 |  | 379,313 |  |

CREDITORS

Amounts falling due within one year | 5 | 61,453 |  | 1,080 |  |

NET CURRENT ASSETS | 560,068 |  | 378,233 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 560,068 |  | 378,233 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 379,910 |  | 379,910 |  |

NET ASSETS/(LIABILITIES) | 180,158 |  | (1,677 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 8 | 180,058 |  | (1,777 | ) |

SHAREHOLDERS' FUNDS | 180,158 |  | (1,677 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

| AI ESTATE HOLDINGS LTD (REGISTERED NUMBER: 14677489) |

BALANCE SHEET - continued

28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

Mr A Merzhani - Director

Mr I Elezi - Director

| AI ESTATE HOLDINGS LTD (REGISTERED NUMBER: 14677489) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| AI Estate Holdings Ltd is a private company,limited by shares, registered in England and Wales.The company 's registered number is 14677489 and registered office address is 31 Pembroke Road, London, N13 5NR.

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.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.

| Turnover from the sale of properties is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer (usually on the date of legal completion), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Profit is taken on the sale of the properties upon final completion of the sales contract. At this time the costs charged against the sale comprise the attributable proportion of expenditure on land acquisition, construction and other development costs.

| 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.

| The UK corporation tax rate was 19% up until 31 March 2023. From 1 April 2023, this rate increased to 25%, resulting in an overall corporation tax rate for 2024 of 25%. Deferred tax has been recognised, where applicable, at 25% on the basis that majority of these timing differences are expected to reverse at that rate. Future enacted changes to UK corporation tax rates would change the value of any deferred tax balances recognised.

| AI ESTATE HOLDINGS LTD (REGISTERED NUMBER: 14677489) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Development properties

| Development properties includes property held with the intention of sale and work in progress. Development property is included at the lower of cost and selling price less cost to complete and sell. Cost represents all costs incurred to the balance sheet date but does not include any interest costs. Sales of development properties are shown as turnover when there is an unconditional contract for sale and substantially all the risks ans rewards have been transferred to the purchaser.

| Going concern

| As at the balance sheet net current assets were £560,068.

| The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3. | EMPLOYEES AND DIRECTORS

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

4. | DEVELOPMENT PROPERTIES

| 28.2.25 |  | 29.2.24

£ | £ |

| Development properties | 595,840 |  | 367,729 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Tax | 60,020 |  | - |  |

| Directors' current accounts | 113 |  | - |  |

| Accrued expenses | 1,320 |  | 1,080 |  |

61,453 |  | 1,080 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts owed to connected

| undertakings

| - AVM Construction | 189,950 |  | 189,950 |  |

| Amounts owed to connected undertakings - IHL Builders | 189,960 |  | 189,960 |  |

379,910 |  | 379,910 |  |

| AI ESTATE HOLDINGS LTD (REGISTERED NUMBER: 14677489) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Amounts owed to connected

| undertakings

| - AVM Construction | 189,950 |  | 189,950 |  |

| Amounts owed to connected undertakings - IHL Builders | 189,960 |  | 189,960 |  |

379,910 |  | 379,910 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 29.2.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 March 2024 | (1,777 | ) |

| Profit for the year | 181,835 |  |

| At 28 February 2025 | 180,058 |  |

9. | RELATED PARTY DISCLOSURES

| Included in Creditors falling due after more than one year there is an amount of £189,950 due to AVM Contruction Ltd and £189,960 to IHL Builders Ltd, the two companies that own AI Estate Holdings Ltd.

| These companies are connected to AI Estate Holdings Ltd by virtue of having directors and shareholders in common.

| Both companies have pledged not to call in the inter-company loans totaling of £379,910 due to them (which is interest free) for at least of 12 months or until AI Estate Holdings Ltd is in a position to pay.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

AI ESTATE HOLDINGS LTD

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AI Estate Holdings Ltd for the year ended 28 February 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AI Estate Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AI Estate Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of AI Estate Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AI Estate Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AI Estate Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AI Estate Holdings Ltd. You consider that AI Estate Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AI Estate Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

27 October 2025