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| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Canadian & West End Limited |

| Canadian & West End Limited (Registered number: 09943076) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Canadian & West End Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S Clark

| Mr J P Miles

| Mr M Williams FCA

| SECRETARIES: | Mrs S Clark

| Mr G J E Miles

| REGISTERED OFFICE: | 8-10 South Street

| Epsom

| Surrey

| KT18 7PF

| REGISTERED NUMBER: | 09943076 (England and Wales)

| ACCOUNTANTS: | Williams & Co Epsom LLP

| Chartered Accountants

| 8-10 South Street

| Epsom

| Surrey

| KT18 7PF

| Canadian & West End Limited (Registered number: 09943076) |

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,720,000 |  | 18,720,000 |  |

CURRENT ASSETS

Debtors | 5 | 56,875 |  | 216,277 |  |

Cash at bank | 3,987 |  | 200,498 |  |

60,862 |  | 416,775 |  |

CREDITORS

Amounts falling due within one year | 6 | 10,452,745 |  | 11,084,619 |  |

NET CURRENT LIABILITIES | (10,391,883 | ) | (10,667,844 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,328,117 |  | 8,052,156 |  |

PROVISIONS FOR LIABILITIES | 7 | 1,077,708 |  | 1,077,708 |  |

NET ASSETS | 7,250,409 |  | 6,974,448 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Fair value reserve | 9 | 3,540,645 |  | 3,556,780 |  |

Retained earnings | 9 | 3,709,664 |  | 3,417,568 |  |

SHAREHOLDERS' FUNDS | 7,250,409 |  | 6,974,448 |  |

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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr M Williams FCA - Director

| Canadian & West End Limited (Registered number: 09943076) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Canadian & West End 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006, as applicable to companies subject to the small companies' regime. The financial statements have been prepared under the historical cost convention modified to include the revaluation of investment properties.

| Going concern.

| The company is reliant on support from the ultimate parent company and is supported by way of the intercompany loan. The parent currently has no intention of demanding repayment on the loan in the immediate future. In the opinion of the directors the going concern is appropriate.

| Significant judgements and estimates

| Investment property, which is freehold, was revalued to fair value at 1 April 2020, based on a valuation undertaken by a suitably qualified director, with recent experience in the location and class of the investment property being valued.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover represents rents receivable in relation to the accounting period after adjusting for rent free periods and other agreed rebates and discounts. VAT and other taxes are excluded.

| Taxation

| Taxation for the period 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 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 period 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.

| Investment properties

| Investment properties are reviewed annually with any change recognised in the profit and loss account. Any gains arising on the revaluation are taken to the fair value reserve. Where there is a negative revaluation, these balances are first reduced against the fair value reserve (if present) with any remaining balance being taken against the profit and loss account. The properties are valued by the directors unless a third party valuation is available.

| .

3. | EMPLOYEES AND DIRECTORS

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

| Canadian & West End Limited (Registered number: 09943076) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Investment

| Property

£ |

| COST OR VALUATION

| At 1 April 2024 | 18,720,000 |  |

| Additions | 16,136 |  |

| Revaluations | (16,136 | ) |

| At 31 March 2025 | 18,720,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 18,720,000 |  |

| At 31 March 2024 | 18,720,000 |  |

| No depreciation is provided in respect of the company's investment property. The valuation of the investment property at the balance sheet date has been based upon those performed by a suitably qualified director.

| On a historical cost basis, the company's investment property would have been included at an original cost £14,454,493 (2024: £14,409,168).

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

2025 | 2024 |

£ | £ |

| Trade debtors | 48,397 |  | 211,584 |  |

| Prepayments and accrued income | 8,478 |  | 4,693 |  |

56,875 |  | 216,277 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 8,294 |  | 2,432 |  |

| Amounts owed to group undertakings | 10,297,652 |  | 10,635,375 |  |

| Tax | 69,189 |  | 170,664 |  |

| VAT | 11,587 |  | 76,540 |  |

| Deferred income | 66,023 |  | 199,608 |  |

10,452,745 |  | 11,084,619 |  |

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 1,077,708 |  | 1,077,708 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 1,077,708 |  |

| Balance at 31 March 2025 | 1,077,708 |  |

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Canadian & West End Limited (Registered number: 09943076) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1.00 | 100 |  | 100 |  |

9. | RESERVES

| The Company's other reserves are as follows:

| The retained earnings reserve represents cumulative profits or losses, net of dividends paid and other adjustments.

| The fair value reserve represents the cumulative effect of revaluations of freehold land and buildings which are revalued to fair value at each reporting date.

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Director's remuneration and pension contributions are borne by other group companies and details can be found in the financial statements of these companies. An appropriate apportionment for the element of the remuneration which relates to the company is not material and as such no charge has been made.

11. | ULTIMATE PARENT COMPANY

| The immediate and ultimate parent company is Canadian & Portland (Holdings) Limited, a company incorporated in England and Wales. Consolidated financial statements are prepared by this entity and copies can be obtained from the registered office at 76 New Bond Street, London, W1S 1RX.

12. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.

13. | CROSS GUARANTEE

| The company's investment property is provided as security by way of a 1st charge and debenture in respect of a £24,500,000 loan in the parent company Canadian & Portland Estates (Holding) Limited. The loan is disclosed in the financial statements of Canadian & Portland Estates (Holding) Limited.