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REGISTERED NUMBER: 12192234 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

DIGITALIS PROPERTIES LTD

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

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 |

DIGITALIS PROPERTIES LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Dr J A Goldin

| F Meehan

| REGISTERED OFFICE: | Chart House

| 2 Effingham Road

| Reigate

| Surrey

| RH2 7JN

| REGISTERED NUMBER: | 12192234 (England and Wales)

| ACCOUNTANTS: | John Williams & Co Limited

| Chartered Certified Accountants

| Chart House

| 2 Effingham Road

| Reigate

| Surrey

| RH2 7JN

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 197,718 |  | 202,625 |  |

Investment property | 5 | 26,700,000 |  | 22,380,000 |  |

26,897,718 |  | 22,582,625 |  |

CURRENT ASSETS

Debtors | 6 | 972,249 |  | 1,833,580 |  |

Cash at bank | 1,254,544 |  | 813,397 |  |

2,226,793 |  | 2,646,977 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,229,383 |  | 6,864,447 |  |

NET CURRENT ASSETS/(LIABILITIES) | 997,410 |  | (4,217,470 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 27,895,128 |  | 18,365,155 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 5,850,000 |  | - |  |

NET ASSETS | 22,045,128 |  | 18,365,155 |  |

CAPITAL AND RESERVES

Called up share capital | 20 |  | 20 |  |

Share premium | 18,033,645 |  | 18,033,645 |  |

Non-distributable reserve | 9 | 4,361,014 |  | 476,338 |  |

Retained earnings | (349,551 | ) | (144,848 | ) |

22,045,128 |  | 18,365,155 |  |

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.

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

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 21 October 2025 and were signed on its behalf by:

F Meehan - Director

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Digitalis Properties 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.

| Changes in accounting policies

| Transition to FRS 102

| 1. Basis of Preparation

| For the year ended 28 February 2025, the company has prepared its financial statements in accordance with Financial Reporting Standard 102 (FRS 102) Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland. This is the first year in which the company has adopted FRS 102, having previously prepared its financial statements under FRS 105 - The Financial Reporting Standard applicable to the Micro-entities Regime.

| The transition date to FRS 102 is 1 April 2023, being the start of the earliest comparative period presented.

| 2. Transition Adjustments

| In preparing these financial statements, the company has applied the requirements of FRS 102 Section 35 - Transition to this FRS. The transition has resulted in the following key adjustments:

| - Investment Property: Under FRS 105, investment property was held at cost less depreciation. Under FRS 102, investment property is measured at fair value, with changes in fair value recognised in profit or loss. This has resulted in an upward adjustment to the carrying value of the property as at 1 April 2023 and 29 February 2024.

| - Deferred Tax: FRS 102 requires recognition of deferred tax on temporary differences, including those arising from revaluation of investment property. A deferred tax liability has been recognised accordingly.

| - Financial Instruments: Basic financial instruments have been reviewed and measured in accordance with Section 11 of FRS 102. No material adjustments were required.

| 3. Reconciliation of Equity

| A reconciliation of equity as at the transition date (1 April 2023) and the end of the comparative period (29 February 2024) is as follows:

| Equity |  | 1 April 2023 |  |  | 29 February 2024 |

| Equity under FRS 105 |  | £(1,028,284 | ) |  | £16,440,529 |

| Adjustment for investment property revaluation |  | £248,573 |  |  | £476,337 |

| Deferred tax |  | £- |  |  | £1,448,288 |

| Equity under FRS 102 |  | £(779,711 | ) |  | £18,365,154 |

| 4. Reconciliation of Profit or Loss

| A reconciliation of profit for the period ended 29 February 2024 is as follows:

| Profit for the period ended 29 February 2024 |  | Amount |  |

| Profit under FRS 105 |  | £(564,842 | ) |

| Adjustment for fair value movement on investment property |  | £227,765 |  |

| Deferred tax impact |  | £1,448,288 |  |

| Profit under FRS 102 |  | £1,111,211 |  |

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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 the cost less estimated residual value of each asset over its estimated useful life.

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

| Computer equipment | - | 25% 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 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 223,829 |  | 20,824 |  | 244,653 |  |

| Additions | 37,822 |  | 2,300 |  | 40,122 |  |

| At 28 February 2025 | 261,651 |  | 23,124 |  | 284,775 |  |

| DEPRECIATION

| At 1 March 2024 | 37,256 |  | 4,772 |  | 42,028 |  |

| Charge for year | 39,248 |  | 5,781 |  | 45,029 |  |

| At 28 February 2025 | 76,504 |  | 10,553 |  | 87,057 |  |

| NET BOOK VALUE

| At 28 February 2025 | 185,147 |  | 12,571 |  | 197,718 |  |

| At 29 February 2024 | 186,573 |  | 16,052 |  | 202,625 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 22,380,000 |  |

| Additions | 435,323 |  |

| Revaluations | 3,884,677 |  |

| At 28 February 2025 | 26,700,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 26,700,000 |  |

| At 29 February 2024 | 22,380,000 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2024 | 22,380,000 |  |

| Valuation in 2025 | 4,320,000 |  |

26,700,000 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 154,308 |  | 196,545 |  |

| Other debtors | 256,990 |  | 180,000 |  |

| Accrued income | 69,693 |  | - |  |

| Prepayments | 90,046 |  | 8,747 |  |

571,037 |  | 385,292 |  |

DIGITALIS PROPERTIES LTD (REGISTERED NUMBER: 12192234)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | DEBTORS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due after more than one year:

| Tax | 401,212 |  | 1,448,288 |  |

| Aggregate amounts | 972,249 |  | 1,833,580 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 5,462,500 |  |

| Trade creditors | 78,612 |  | 314,034 |  |

| VAT | 3,273 |  | 37,178 |  |

| Other creditors | 814,709 |  | 725,316 |  |

| Net wages | - |  | 1,042 |  |

| Accruals and deferred income | 332,789 |  | 324,377 |  |

1,229,383 |  | 6,864,447 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 5,850,000 |  | - |  |

9. | RESERVES

| Non-distributable

| reserve

£ |

| At 1 March 2024 | 476,338 |  |

| Gain/loss on revaluation of

| investment property | 3,884,676 |  |

| At 28 February 2025 | 4,361,014 |  |