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REGISTERED NUMBER: 10505962 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Capricorn Investments |

| (North East) Ltd |

| Capricorn Investments |

| (North East) Ltd (Registered number: 10505962) |

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 |

| Capricorn Investments |

| (North East) Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | M A Welch

| D M Welch

| SECRETARY: | D M Welch

| REGISTERED OFFICE: | 13 Atley Way

| Atley Business Park

| Cramlington

| Northumberland

| NE23 1WP

| REGISTERED NUMBER: | 10505962 (England and Wales)

| ACCOUNTANTS: | Clive Owen LLP

| Chartered Accountants

| Kepier House

| Belmont Business Park

| Durham

| DH1 1TW

| Capricorn Investments |

| (North East) Ltd (Registered number: 10505962) |

Balance Sheet

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | 100 |  | 100 |  |

Investment property | 5 | 158,756 |  | 158,756 |  |

158,856 |  | 158,856 |  |

CURRENT ASSETS

Cash at bank | 18,756 |  | 4,146 |  |

CREDITORS

Amounts falling due within one year | 6 | (85,751 | ) | (69,424 | ) |

NET CURRENT LIABILITIES | (66,995 | ) | (65,278 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 91,861 |  | 93,578 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (84,068 | ) | (88,967 | ) |

NET ASSETS | 7,793 |  | 4,611 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 210 |  | 210 |  |

Retained earnings | 7,583 |  | 4,401 |  |

SHAREHOLDERS' FUNDS | 7,793 |  | 4,611 |  |

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.

| Capricorn Investments |

| (North East) Ltd (Registered number: 10505962) |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

M A Welch - Director

| Capricorn Investments |

| (North East) Ltd (Registered number: 10505962) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Capricorn Investments (North East) 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 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. The financial statements have been prepared under the historical cost convention.

| There were no material departures from that standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

| Turnover

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

| Income recognition

| Rental income is recognised in accordance with the contractual terms of the lease.

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Investments

| Investments in associates are stated at cost less impairment.

| Capricorn Investments |

| (North East) Ltd (Registered number: 10505962) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 100 |  |

| NET BOOK VALUE

| At 31 March 2025 | 100 |  |

| At 31 March 2024 | 100 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 158,756 |  |

| NET BOOK VALUE

| At 31 March 2025 | 158,756 |  |

| At 31 March 2024 | 158,756 |  |

| In the opinion of the directors, the cost of investment property represents fair value as at 31 March 2025.

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,267 |  | 3,256 |  |

| Other loans | 390 |  | 380 |  |

| Amounts owed to participating interests | 79,058 |  | 65,058 |  |

| Tax and social security | 746 |  | 40 |  |

| Other creditors | 90 |  | 90 |  |

| Directors' current accounts | 100 |  | 100 |  |

| Accruals | 1,100 |  | 500 |  |

85,751 |  | 69,424 |  |

| Capricorn Investments |

| (North East) Ltd (Registered number: 10505962) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 3,539 |  | 3,375 |  |

| Bank loans - 2-5 years | 11,402 |  | 10,874 |  |

| Bank loans due more than 5 yrs | 68,942 |  | 74,124 |  |

| Other loans due 1-2 years | 185 |  | 390 |  |

| Other loans due 2-5 years | - |  | 204 |  |

84,068 |  | 88,967 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due more than 5 yrs | 68,942 |  | 74,124 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 88,150 |  | 91,629 |  |

| Bank loans are secured on investment property to which they relate.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

| 10 | Ordinary A | £1 | 10 |  | 10 |  |

210 |  | 210 |  |

10. | RELATED PARTY DISCLOSURES

| There were no related party transactions other than those concluded under normal market conditions except for those detailed below:

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Amounts owed to directors |  |  | 100 |  |  | 100 |  |

| Amounts due to participating interests |  | 79,058 |  | 65,058 |  |

| No interest was charged. |  |