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REGISTERED NUMBER: 07723023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VVUK (HOLDINGS) LIMITED

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| VVUK (HOLDINGS) LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | C A Veness

| J C Veness

| S L Veness

| SECRETARY: | C A Veness

| REGISTERED OFFICE: | 13 Solebay Street

| London

| E1 4PN

| REGISTERED NUMBER: | 07723023 (England and Wales)

| ACCOUNTANTS: | BSR Bespoke Chartered Accountants

| Linden House

| Linden Close

| Tunbridge Wells

| Kent

| TN4 8HH

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

BALANCE SHEET

31 December 2024

| 31.12.24 | 31.12.23 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 587,247 |  | 662,245 |  |

Investment property | 6 | 1,680,000 |  | 1,680,000 |  |

2,267,247 |  | 2,342,245 |  |

CURRENT ASSETS

Debtors | 7 | 1,206,083 |  | 1,126,291 |  |

Cash at bank | 17,344 |  | 17,608 |  |

1,223,427 |  | 1,143,899 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,217,046 |  | 1,081,236 |  |

NET CURRENT ASSETS | 6,381 |  | 62,663 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,273,628 |  | 2,404,908 |  |

PROVISIONS FOR LIABILITIES | 190,780 |  | 190,780 |  |

NET ASSETS | 2,082,848 |  | 2,214,128 |  |

CAPITAL AND RESERVES

Called up share capital | 575,100 |  | 575,100 |  |

Fair value reserve | 10 | 844,400 |  | 844,400 |  |

Retained earnings | 663,348 |  | 794,628 |  |

2,082,848 |  | 2,214,128 |  |

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.

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

BALANCE SHEET - continued

31 December 2024

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 11 November 2025 and were signed on its behalf by:

J C Veness - Director

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| VVUK (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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

| 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.

| 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.

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Fixed asset investments

| Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 11,543 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | 11,543 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024 | 662,245 |  |

| Additions | 1 |  |

| Impairments | (74,999 | ) |

| At 31 December 2024 | 587,247 |  |

| NET BOOK VALUE

| At 31 December 2024 | 587,247 |  |

| At 31 December 2023 | 662,245 |  |

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 1,680,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,680,000 |  |

| At 31 December 2023 | 1,680,000 |  |

| Investment property comprises long-term leasehold buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 14 December 2018 by Upsdales Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors consider that the valuation is still appropriate at the year end.

| The historical cost of the investment property was £785,000.

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

| 31.12.24 |  | 31.12.23

| as restated |

£ | £ |

| Trade debtors | 10,571 |  | 9,395 |  |

| Amounts owed by group undertakings | 1,186,384 |  | 1,108,754 |  |

| Other debtors | 9,128 |  | 8,142 |  |

1,206,083 |  | 1,126,291 |  |

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

| 31.12.24 |  | 31.12.23

| as restated |

£ | £ |

| Trade creditors | 2,400 |  | - |  |

| Amounts owed to group undertakings | 151,368 |  | 112,847 |  |

| Taxation and social security | 4,783 |  | 36 |  |

| Other creditors | 1,058,495 |  | 968,353 |  |

1,217,046 |  | 1,081,236 |  |

| VVUK (HOLDINGS) LIMITED (REGISTERED NUMBER: 07723023) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

| as restated |

£ | £ |

| Within one year | 580 |  | 580 |  |

| Between one and five years | 2,320 |  | 2,320 |  |

| In more than five years | 5,800 |  | 6,380 |  |

8,700 |  | 9,280 |  |

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 January 2024

| and 31 December 2024 | 844,400 |  |

| The fair value reserve represents unrealised gains on investment property, less the estimated deferred tax arising from those gains.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

VVUK (HOLDINGS) LIMITED

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 VVUK (Holdings) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 VVUK (Holdings) Limited, 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 VVUK (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of VVUK (Holdings) Limited, 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 VVUK (Holdings) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that VVUK (Holdings) Limited 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 loss of VVUK (Holdings) Limited. You consider that VVUK (Holdings) Limited 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 VVUK (Holdings) Limited. 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.

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

12 November 2025