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REGISTERED NUMBER: 03317640 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Lionrule Commercial Limited

Lionrule Commercial Limited (Registered number: 03317640)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Lionrule Commercial Limited

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | S Morgenstern

| N Sheinfeld

| REGISTERED OFFICE: | 5 North End Road

| London

| NW11 7RJ

| REGISTERED NUMBER: | 03317640 (England and Wales)

| ACCOUNTANTS: | Martin+Heller

| Chartered Accountants

| 5 North End Road

| London

| NW11 7RJ

Lionrule Commercial Limited (Registered number: 03317640)

Balance Sheet

31 January 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 4,195,537 |  | 4,178,799 |  |

CURRENT ASSETS

Debtors | 5 | 32,706 |  | 37,927 |  |

Cash at bank | 603 |  | 1,244 |  |

33,309 |  | 39,171 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,144,175 |  | 1,736,730 |  |

NET CURRENT LIABILITIES | (3,110,866 | ) | (1,697,559 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,084,671 |  | 2,481,240 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (632,921 | ) | (2,179,948 | ) |

PROVISIONS FOR LIABILITIES | (51,051 | ) | (51,051 | ) |

NET ASSETS | 400,699 |  | 250,241 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 8 | 153,154 |  | 153,154 |  |

Retained earnings | 8 | 247,445 |  | 96,987 |  |

SHAREHOLDERS' FUNDS | 400,699 |  | 250,241 |  |

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

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

Lionrule Commercial Limited (Registered number: 03317640)

Balance Sheet - continued

31 January 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 22 January 2026 and were signed on its behalf by:

S Morgenstern - Director

Lionrule Commercial Limited (Registered number: 03317640)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Lionrule Commercial 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.

| Related party exemption

| 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.

| Turnover

| Turnover represents rent and ground rents receivable (excluding value added tax).

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| COST OR VALUATION

| At 1 February 2024 | 4,178,799 |  |

| Additions | 16,738 |  |

| At 31 January 2025 | 4,195,537 |  |

| NET BOOK VALUE

| At 31 January 2025 | 4,195,537 |  |

| At 31 January 2024 | 4,178,799 |  |

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

£ |

| Valuation in 2018 | 204,206 |  |

| Cost | 3,991,331 |  |

4,195,537 |  |

Lionrule Commercial Limited (Registered number: 03317640)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Other Debtors | 32,706 |  | 37,927 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Rents in advance | 8,600 |  | 8,270 |  |

| Tax | 21,577 |  | 27,355 |  |

| Other creditors | 16,501 |  | 25,651 |  |

| Amounts due to group undertaking | 3,088,497 |  | 1,666,454 |  |

| Accrued expenses | 9,000 |  | 9,000 |  |

3,144,175 |  | 1,736,730 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans 2-5 years | 632,921 |  | 2,179,948 |  |

8. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 February 2024 | 96,987 |  | 153,154 |  | 250,141 |  |

| Profit for the year | 150,458 |  | - |  | 150,458 |  |

| At 31 January 2025 | 247,445 |  | 153,154 |  | 400,599 |  |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Lionrule Holdings Limited.