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REGISTERED NUMBER: SC752720 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Castello Kennedy Holdings Limited |

| Castello Kennedy Holdings Limited (Registered number: SC752720) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Certified Accountants' Report | 6 |

| Castello Kennedy Holdings Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | S Castello

| Ms L Kennedy

| REGISTERED OFFICE: | Ground Floor (part)

| Unit 8000 Academy Business Park

| 51 Gower Street

| Glasgow

| G51 1PR

| REGISTERED NUMBER: | SC752720 (Scotland)

| ACCOUNTANTS: | T B Dunn & Co

| Ground Floor (part)

| 8000 Academy Business Park

| 51 Gower Street

| GLASGOW

| G51 1PR

| Castello Kennedy Holdings Limited (Registered number: SC752720) |

Abridged Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 856,798 |  | 856,798 |  |

CURRENT ASSETS

Debtors | 23,024 |  | - |  |

Cash at bank | 24,870 |  | - |  |

47,894 |  | - |  |

CREDITORS

Amounts falling due within one year | 995,520 |  | 872,716 |  |

NET CURRENT LIABILITIES | (947,626 | ) | (872,716 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (90,828 | ) | (15,918 | ) |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | (90,832 | ) | (15,922 | ) |

(90,828 | ) | (15,918 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

| Castello Kennedy Holdings Limited (Registered number: SC752720) |

Abridged Balance Sheet - continued

31 December 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2026 and were signed on its behalf by:

S Castello - Director

Ms L Kennedy - Director

| Castello Kennedy Holdings Limited (Registered number: SC752720) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Castello Kennedy Holdings Limited is a private company, limited by shares , registered in Scotland. 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

| During the year the company had a net loss of £74,910 and has net liabilities of £90,832 as at 31st December 2024.

| The company has confirmed with its main creditor that it will continue to provide the company with financial support for the foreseeable future.

| On the basis of the continued financial support, the accounts have been prepared under the going concern basis.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

| 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

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

| Castello Kennedy Holdings Limited (Registered number: SC752720) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 856,798 |  |

| NET BOOK VALUE

| At 31 December 2024 | 856,798 |  |

| At 31 December 2023 | 856,798 |  |

5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 | 2023 |

£ | £ |

| S Castello and Ms L Kennedy

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 17,214 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 17,214 |  | - |  |

6. | RELATED PARTY DISCLOSURES

| Included within other creditors is a loan of £974,483 ( 2023 £862,043 ) from Dreamstones Limited, which is controlled by Mr S Castello, a director and shareholder of the company. The loan is repayable on demand with no interest being charged.

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Castello Kennedy Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Castello Kennedy Holdings Limited for the year ended 31 December 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Castello Kennedy Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castello Kennedy Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Castello Kennedy Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Castello Kennedy Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Castello Kennedy Holdings Limited. You consider that Castello Kennedy Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Castello Kennedy Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

T B Dunn & Co

Ground Floor (part)

8000 Academy Business Park

51 Gower Street

GLASGOW

G51 1PR

27 January 2026