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REGISTERED NUMBER: 00581350 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Loromah Estates Limited

Loromah Estates Limited (Registered number: 00581350)

Contents of the Financial Statements

for the Year Ended 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Loromah Estates Limited

Company Information

for the Year Ended 31 MARCH 2025

| DIRECTORS: | Mr F Napolitano

| Miss Louisa Napolitano

| Ms Maria Turner

| Ms Lissa Napolitano

| SECRETARY: | Ms Lissa Napolitano

| REGISTERED OFFICE: | 94 Richmond Avenue

| Islington

| London

| N1 0LU

| REGISTERED NUMBER: | 00581350 (England and Wales)

| ACCOUNTANTS: | BBK Partnership Limited

| Chartered Accountants

| Suite 2C, Brosnan House

| 175 Darkes Lane

| Potters Bar

| Hertfordshire

| EN6 1BW

Loromah Estates Limited (Registered number: 00581350)

Balance Sheet

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 69,989,558 |  | 69,170,972 |  |

CURRENT ASSETS

Debtors | 5 | 52,526 |  | 53,368 |  |

Cash at bank and in hand | 725,078 |  | 713,632 |  |

777,604 |  | 767,000 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,789,151 |  | 6,739,635 |  |

NET CURRENT LIABILITIES | (6,011,547 | ) | (5,972,635 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 63,978,011 |  | 63,198,337 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (21,000,000 | ) | (21,000,000 | ) |

PROVISIONS FOR LIABILITIES | 9 | (3,800,000 | ) | (3,800,000 | ) |

NET ASSETS | 39,178,011 |  | 38,398,337 |  |

CAPITAL AND RESERVES

Called up share capital | 16,000 |  | 16,000 |  |

Investment property

revaluation reserve | 10 | 24,202,299 |  | 24,202,299 |  |

Retained earnings | 14,959,712 |  | 14,180,038 |  |

39,178,011 |  | 38,398,337 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Loromah Estates Limited (Registered number: 00581350)

Balance Sheet - continued

31 MARCH 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 20 November 2025 and were signed on its behalf by:

Ms Lissa Napolitano - Director

Loromah Estates Limited (Registered number: 00581350)

Notes to the Financial Statements

for the Year Ended 31 MARCH 2025

1. | STATUTORY INFORMATION

| Loromah Estates 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.

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.

| 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.

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Investment properties

| Investment properties are carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 15 ) .

Loromah Estates Limited (Registered number: 00581350)

Notes to the Financial Statements - continued

for the Year Ended 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Investment |  | and |  | Motor |  | Computer |

| properties |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 68,724,430 |  | 2,224,371 |  | 49,727 |  | 37,426 |  | 71,035,954 |  |

| Additions | 907,717 |  | - |  | - |  | 1,488 |  | 909,205 |  |

| At 31 March 2025 | 69,632,147 |  | 2,224,371 |  | 49,727 |  | 38,914 |  | 71,945,159 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 1,796,607 |  | 35,467 |  | 32,908 |  | 1,864,982 |  |

| Charge for year | - |  | 85,553 |  | 3,565 |  | 1,501 |  | 90,619 |  |

| At 31 March 2025 | - |  | 1,882,160 |  | 39,032 |  | 34,409 |  | 1,955,601 |  |

| NET BOOK VALUE

| At 31 March 2025 | 69,632,147 |  | 342,211 |  | 10,695 |  | 4,505 |  | 69,989,558 |  |

| At 31 March 2024 | 68,724,430 |  | 427,764 |  | 14,260 |  | 4,518 |  | 69,170,972 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Fixtures |

| Investment |  | and |  | Motor |  | Computer |

| properties |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2009 | 21,383,729 |  | - |  | - |  | - |  | 21,383,729 |  |

| Valuation in 2012 | 6,618,570 |  | - |  | - |  | - |  | 6,618,570 |  |

| Cost | 41,629,848 |  | 2,224,371 |  | 49,727 |  | 38,914 |  | 43,942,860 |  |

69,632,147 |  | 2,224,371 |  | 49,727 |  | 38,914 |  | 71,945,159 |  |

| If Investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 41,629,848 |  | 40,722,131 |  |

| Investment properties were valued on an open market basis basis on 31 March 2025 by the directors .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Prepayments | 52,526 |  | 53,368 |  |

Loromah Estates Limited (Registered number: 00581350)

Notes to the Financial Statements - continued

for the Year Ended 31 MARCH 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Sundry loans | 5,329,304 |  | 5,329,304 |  |

| Tax | 271,827 |  | 189,300 |  |

| Social security and other taxes | 67,396 |  | 61,725 |  |

| Tenants deposits | 677,608 |  | 629,264 |  |

| Directors' current accounts | 717 |  | 717 |  |

| Other creditors & accruals | 442,299 |  | 529,325 |  |

6,789,151 |  | 6,739,635 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans - 2-5 years | 21,000,000 |  | 21,000,000 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 21,000,000 |  | 21,000,000 |  |

| The bank loans are secured by way of a fixed charge over various Investment properties.

9. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 3,800,000 |  | 3,800,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 3,800,000 |  |

| Balance at 31 March 2025 | 3,800,000 |  |

10. | RESERVES

| Investment

| property

| revaluation

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 24,202,299 |  |

11. | ULTIMATE CONTROLLING PARTY

| The company was controlled by the directors throughout this year and the previous year.

Loromah Estates Limited (Registered number: 00581350)

Notes to the Financial Statements - continued

for the Year Ended 31 MARCH 2025

12. | RELATED PARTY DISCLOSURES

| Sundry loans include:

| Loan in the sum of £1,329,304 (2023: £1,329,304) from RPN Finance Limited , a company which was under the control of Mrs R P Napolitano with no due date for repayment . Interest incurred on this loan at commercial rates during the year amounted to £102,320 (2024: £103,649). Mrs R P Napolitano was a director of Loromah Estates Limited.