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REGISTERED NUMBER: 15325906 (England and Wales)

Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 31 May 2025

for

McComb Property Holdings Limited

McComb Property Holdings Limited (Registered number: 15325906)

Contents of the Consolidated Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Report of the Independent Auditor | 4 |

Consolidated Statement of Comprehensive Income | 7 |

Consolidated Statement of Financial Position | 8 |

Company Statement of Financial Position | 9 |

Notes to the Consolidated Financial Statements | 10 |

McComb Property Holdings Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | M McComb

| P M McComb

| REGISTERED OFFICE: | 9 Moorgate

| Ormskirk

| Lancashire

| L39 4RT

| REGISTERED NUMBER: | 15325906 (England and Wales)

| AUDITOR: | DJH Audit Limited

| Pacific Chambers

| 11-13 Victoria Street

| Liverpool

| L25QQ

McComb Property Holdings Limited (Registered number: 15325906)

Report of the Directors

for the Year Ended 31 May 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the letting and management of property.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2024 to the date of this report.

M McComb

P M McComb

POLITICAL DONATIONS AND EXPENDITURE

Donations made in the year totalling £8,440 were paid to The Marina Dalglish Appeal and Marbs 2024 Ltd.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditor is unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditor is aware of that information.

AUDITOR

The auditors, DJH Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

McComb Property Holdings Limited (Registered number: 15325906)

Report of the Directors

for the Year Ended 31 May 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P M McComb - Director

9 February 2026

Report of the Independent Auditor to the Members of

McComb Property Holdings Limited

Opinion

We have audited the financial statements of McComb Property Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 May 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditor to the Members of

McComb Property Holdings Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

- Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable law and regulations;

- Challenging assumptions and judgements made by management in its significant accounting estimates;

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

Our audit did not identify any significant matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditor.

Report of the Independent Auditor to the Members of

McComb Property Holdings Limited

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Timothy Cherry FCCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

L25QQ

9 February 2026

McComb Property Holdings Limited (Registered number: 15325906)

Consolidated Statement of Comprehensive Income

for the Year Ended 31 May 2025

Period |

4.12.23 |

Year Ended | to |

31.5.25 | 31.5.24 |

| Notes | £ | £

TURNOVER | 2,558,135 |  | 2,730,707 |  |

Administrative expenses | 943,384 |  | 1,154,381 |  |

1,614,751 |  | 1,576,326 |  |

Other operating income | 171,060 |  | 83,058 |  |

Gain/loss on revaluation of investment property | - |  | (1,741,054 | ) |

OPERATING PROFIT/(LOSS) | 4 | 1,785,811 |  | (81,670 | ) |

Interest receivable and similar income | 49,848 |  | 47,702 |  |

1,835,659 |  | (33,968 | ) |

Interest payable and similar expenses | 1,713,938 |  | 1,944,594 |  |

PROFIT/(LOSS) BEFORE TAXATION | 121,721 |  | (1,978,562 | ) |

Tax on profit/(loss) | 5 | - |  | (858,283 | ) |

PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 121,721 |  | (1,120,279 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 121,721 |  | (1,120,279 | ) |

Profit/(loss) attributable to:

Owners of the parent | 121,721 |  | (1,120,279 | ) |

Total comprehensive income attributable to:

Owners of the parent | 121,721 |  | (1,120,279 | ) |

McComb Property Holdings Limited (Registered number: 15325906)

Consolidated Statement of Financial Position

31 May 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 7 | 23,297 |  | 40,705 |  |

Investments | 8 | - |  | - |  |

Investment property | 9 | 32,811,788 |  | 32,691,907 |  |

32,835,085 |  | 32,732,612 |  |

CURRENT ASSETS

Stocks | 391,013 |  | 391,013 |  |

Debtors | 10 | 393,038 |  | 444,916 |  |

Cash at bank and in hand | 1,539,092 |  | 1,896,185 |  |

2,323,143 |  | 2,732,114 |  |

CREDITORS

Amounts falling due within one year | 11 | 2,713,507 |  | 4,526,054 |  |

NET CURRENT LIABILITIES | (390,364 | ) | (1,793,940 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 32,444,721 |  | 30,938,672 |  |

CREDITORS

Amounts falling due after more than one year | 12 | 25,169,598 |  | 23,785,270 |  |

NET ASSETS | 7,275,123 |  | 7,153,402 |  |

CAPITAL AND RESERVES

Called up share capital | 98 |  | 98 |  |

Other reserves | 1,000 |  | 1,000 |  |

Retained earnings | 7,274,025 |  | 7,152,304 |  |

7,275,123 |  | 7,153,402 |  |

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

P M McComb - Director

McComb Property Holdings Limited (Registered number: 15325906)

Company Statement of Financial Position

31 May 2025

31.5.25 | 31.5.24 |

| Notes | £ | £

CURRENT ASSETS

Debtors | 10 | 98 |  | 98 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 98 |  | 98 |  |

CAPITAL AND RESERVES

Called up share capital | 98 |  | 98 |  |

98 |  | 98 |  |

Company's profit for the financial year | - |  | - |  |

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

P M McComb - Director

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| McComb Property Holdings 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 General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Basis of consolidation

| The consolidated group financial statement consists of the financial statements of the parent company, McComb Property Holdings Limited, together with its subsidiary undertakings, McComb Property Company Limited and McComb Property Management Limited.

| The group was formed 27th July 2024 upon acquisition of the subsidiary. Comparative figures show the activity of the parent from 1st June 2024. Subsidiaries are consolidated in the group's financial statements from the date control commences until the date that control ceases.

| The financial statements for both entities are made up to 31 May 2025, and where necessary, adjustments have been made to the financial statements of the subsidiary undertakings to bring the accounting policies used in line with those used by the parent company.

| The consolidated group financial statements were prepared under the merger accounting method.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| Significant judgements and estimates

| As described in note 8, investment properties are stated at their fair value based on the valuation performed by independent professional valuers, split between Matthews & Goodman (MRICS) and Avison Young (MRICS). The valuers used an open market fair value basis for their valuation.

| 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 charged to the Statement of Comprehensive Income on a straight-line basis over the estimated useful lives of each component of an item of tangible fixed assets. The estimates useful lives are as follows:

| Plant and machinery |  | - |  | 33% per annum |  |

| Fixtures and fittings |  | - |  | 20% per annum |  |

| Motor vehicles |  | - |  | 25% per annum |  |

| Computer equipment |  | - |  | 33% per annum |  |

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

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

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provision of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other receivables and cash and cash equivalents, are initially measured at transaction price, including transaction costs, and are then subsequently carried at amortised cost using the effective interest method, less provision for impairment, unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future lease receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and other receivables due with the operating cycle fall into this category of financial instruments.

| Impairment of financial assets

| Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying value amount and the present value of the future cash flows at the asset(s) original effective interest rate.

| If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

| Financial Liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of its liabilities.

| Basic financial instruments, which include trade and other payables and bank loans are initially measured at their transaction price after transaction costs. When this constitute a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

| Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Derecognition of financial instruments

| Derecognition of financial assets

| Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the company transfers the asset and substantially all of the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire, are discharged or cancelled.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - NIL ) .

| The average number of employees by undertakings that were proportionately consolidated during the year was 10 (2024 - NIL ) .

4. | OPERATING PROFIT/(LOSS)

| The operating profit (2024 - operating loss) is stated after charging:

Period |

4.12.23 |

Year Ended | to |

31.5.25 | 31.5.24 |

| £ | £

| Depreciation - owned assets | 20,806 |  | 19,537 |  |

5. | TAXATION

| Analysis of the tax credit

| The tax credit on the profit for the year was as follows:

Period |

4.12.23 |

Year Ended | to |

31.5.25 | 31.5.24 |

| £ | £

| Deferred tax | - |  | (858,283 | ) |

| Tax on profit/(loss) | - |  | (858,283 | ) |

6. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

7. | TANGIBLE FIXED ASSETS

|  | Plant and machinery |  |  | Fixtures and fittings |  |  | Motor vehicles |  |  | Computer equipment |  |  | Totals |

| £ |  |  | £ |  |  | £ |  | £ |  | £ |  |

| COST |  |

| At 1 June 2024 |  | 40,240 |  |  | 140,558 |  |  | 86,586 |  |  | 104,626 |  |  | 372,010 |

| Additions |  | - |  |  | 1,113 |  |  | 16,371 |  |  | 2,933 |  |  | 20,417 |

| Disposals |  | - |  |  | - |  |  | (34,039 | ) |  | - |  |  | (34,039 | )

| At 31 May 2025 |  | 40,240 |  |  | 141,671 |  |  | 68,918 |  |  | 107,559 |  |  | 358,388 |

| DEPRECIATION |  |

| At 1 June 2024 |  | 40,240 |  |  | 133,323 |  |  | 61,057 |  |  | 96,685 |  |  | 331,305 |

| Charge for year |  | - |  |  | 2,250 |  |  | 12,602 |  |  | 5,954 |  |  | 20,806 |

| Eliminated on disposal |  | - |  |  | - |  |  | (17,020 | ) |  | - |  |  | (17,020 | )

| At 31 May 2025 |  | 40,240 |  |  | 135,573 |  |  | 56,639 |  |  | 102,639 |  |  | 335,091 |

| NET BOOK VALUE |  |

| At 31 May 2025 |  | - |  |  | 6,098 |  |  | 12,279 |  |  | 4,920 |  |  | 23,297 |

| At 31 May 2024 |  | - |  |  | 7,235 |  |  | 25,529 |  |  | 7,941 |  |  | 40,705 |

8. | FIXED ASSET INVESTMENTS

| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiaries

| McComb Property Company Limited

| Registered office: 9 Moorgate, Ormskirk, L39 4RT

| Nature of business: Letting of owned real estate

% |

| Class of shares: | holding |

| Ordinary shares | 100.00 |

| McComb Property Management Limited

| Registered office: 9 Moorgate, Ormskirk, L39 4RT

| Nature of business: Letting of owned real estate

% |

| Class of shares: | holding |

| Indirect | 100.00 |

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

9. | INVESTMENT PROPERTY

| Group

Total |

| £

| FAIR VALUE

| At 1 June 2024 | 32,691,907 |  |

| Additions | 489,881 |  |

| Disposals | (599,917 | ) |

| Reversal of impairments | 229,917 |  |

| At 31 May 2025 | 32,811,788 |  |

| NET BOOK VALUE

| At 31 May 2025 | 32,811,788 |  |

| At 31 May 2024 | 32,691,907 |  |

| On 01 March 2024 all investment properties of McComb Property Company Limited, and on 16 August 2022 all investment properties of McComb Property Management Limited, were professionally valued in accordance with the RICS Valuation Global Standards effective from 31 January 2022, on an open market fair value basis by Matthews & Goodman LLP (MRICS) and Avison Young (MRICS). The directors consider this to be fair value at 31 May 2024.

| Fair value at 31 May 2025 is represented by:

| £

| Valuation in 2024 | (1,787,331 | ) |

| Cost | 34,599,119 |  |

32,811,788 |  |

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

| Group |  | Company |

31.5.25 | 31.5.24 | 31.5.25 | 31.5.24 |

| £ | £ | £ | £

| Trade debtors | 145,610 |  | 164,529 |  | - |  | - |  |

| Other debtors | 144,234 |  | 144,204 |  | 49 |  | 19 |  |

| Connected company debtors | 14,840 |  | - |  | - |  | - |  |

| Directors' current accounts | 49 |  | 79 |  | 49 |  | 79 |  |

| Prepayments and accrued income | 88,305 |  | 136,104 |  | - |  | - |  |

393,038 |  | 444,916 |  | 98 |  | 98 |  |

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

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

| Group |

31.5.25 | 31.5.24 |

| £ | £

| Trade creditors | 87,144 |  | 77,818 |  |

| Tax | 64 |  | 64 |  |

| Social security and other taxes | 1,668 |  | 2,542 |  |

| VAT | 31,910 |  | 43,304 |  |

| Other creditors | 72,746 |  | 112,877 |  |

| Amounts owed to related undert

| akings | 32,046 |  | 124,834 |  |

| Directors' current accounts | 2,112,956 |  | 3,622,040 |  |

| Accruals and deferred income | 374,973 |  | 542,575 |  |

2,713,507 |  | 4,526,054 |  |

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

| Group |

31.5.25 | 31.5.24 |

| £ | £

| Bank loans - 2-5 years | 25,169,598 |  | 23,785,270 |  |

| Bank loans are interest-only loans, and are therefore classified as falling due in greater than 1 year.

13. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

Non-cancellable |

operating leases |

31.5.25 | 31.5.24 |

| £ | £

| Within one year | 1,092 |  | - |  |

| Between one and five years | 2,640 |  | - |  |

3,732 |  | - |  |

14. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

31.5.25 | 31.5.24 |

| £ | £

| Bank loans | 25,169,598 |  | - |  |

| Handelsbanken PLC holds first legal charges over the company investment properties.

McComb Property Holdings Limited (Registered number: 15325906)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 May 2025

15. | 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Included in other creditors falling due within one year is an amount of £2,112,996 (2024: £3,622,041), due to

| M W McComb and Mrs S M McComb being directors and shareholders in the company. The loan unsecured, interest free and is repayable on demand.

| At 31 May 2025, £14,841 (2024: £91,746) was due to McComb (Bolton) Limited, a company under common

| control and was held in other creditors at the year end.

| At 31 May 2025, £32,046 (2024: £33,088) was due to McComb Property Investments Limited, a company with common directors and was held in other creditors at the year end.

16. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party of the group is deemed to be M W McComb and S M McComb as a result of their respective 50% shareholdings in the parent company.