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REGISTERED NUMBER: 12567375 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Mildenhall Road Ltd

| Mildenhall Road Ltd (Registered number: 12567375) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

| Mildenhall Road Ltd |

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | O Bar

| E Farkash

| SECRETARY: | O Bar

| REGISTERED OFFICE: | 2a Fortis Green

| London

| N2 9EL

| REGISTERED NUMBER: | 12567375 (England and Wales)

| ACCOUNTANTS: | AS Associates

| Chartered Certified Accountants

| 11A Empire Parade

| Empire Way

| Wembley

| Middlesex

| HA9 0RQ

| Mildenhall Road Ltd (Registered number: 12567375) |

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1 |  | 1 |  |

Investment property | 5 | - |  | 1,495,000 |  |

1 |  | 1,495,001 |  |

CURRENT ASSETS

Debtors | 6 | - |  | 722,104 |  |

Cash at bank | 6,109 |  | 632 |  |

6,109 |  | 722,736 |  |

CREDITORS

Amounts falling due within one year | 7 | 800,635 |  | 2,833,688 |  |

NET CURRENT LIABILITIES | (794,526 | ) | (2,110,952 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (794,525 | ) | (615,951 | ) |

CAPITAL AND RESERVES

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

Retained earnings | 9 | (794,625 | ) | (616,051 | ) |

SHAREHOLDERS' FUNDS | (794,525 | ) | (615,951 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2026 and were signed on its behalf by:

E Farkash - Director

| Mildenhall Road Ltd (Registered number: 12567375) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Mildenhall Road 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 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.

| Going concern

| The directors accept that although there does exist an inherent uncertainty that may cast doubt about the ability of the Company to continue as a going concern, as is the case with all companies; the directors consider the uncertainty to be sufficiently insignificant, given the reasonable expectation that the Company shall have adequate financial resources available at its disposal to continue in operational existence for the foreseeable future such that the application of going concern basis in preparing the Company's financial statements remains appropriate.

| The directors have therefore prepared the Company's financial statements under the going concern basis.

| Turnover

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

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Taxation

| Taxation for the year 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 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 NIL (2024 - NIL).

| Mildenhall Road Ltd (Registered number: 12567375) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 1 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1 |  |

| At 30 April 2024 | 1 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 1,495,000 |  |

| Disposals | (1,495,000 | ) |

| At 30 April 2025 | - |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | 1,495,000 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Other debtors | - |  | 722,104 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | - |  | 1,731,978 |  |

| Trade creditors | 6,585 |  | 417,293 |  |

| Amounts owed to group undertakings | 318,069 |  | 446,921 |  |

| Other creditors | 475,981 |  | 237,496 |  |

800,635 |  | 2,833,688 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

| Mildenhall Road Ltd (Registered number: 12567375) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

9. | RESERVES

| Retained

| earnings

£ |

| At 1 May 2024 | (616,051 | ) |

| Deficit for the year | (178,574 | ) |

| At 30 April 2025 | (794,625 | ) |

10. | RELATED PARTY DISCLOSURES

| The Company has taken advantage of exemptions provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions undertaken or balances carried forward as at the balance sheet date between the Company and its fellow wholly-owned group undertakings.

| During the reporting period, the Company maintained an unsecured interest-free loan account with Morphuse Construction Limited, a company connected by virtue of common control. At the balance sheet date, the Company owed Morphuse Construction Limited £39,563 (2024: £35,226) towards the loan account.

| During the reporting period, companies connected by virtue of common control provided the Company with bookkeeping and finance management services for which fees of £0.00 (2024: £50,000) were payable by the Company.

| There were no other related party transactions and/or period end balances to report in accordance with Financial Reporting Standard 102 or the Companies Act 2006 as part of these financial statements.

11. | ULTIMATE CONTROLLING PARTY

| The Company's immediate parent undertaking is Morphuse Group Limited, a private company incorporated under the Companies Act 2006 which holds a 100% interest in the total voting rights of the Company.

| Morphuse Group Limited, whose registered office is located at 2a Fortis Green, London, England, N2 9EL, is the parent undertaking of the smallest group to consolidate these financial statements,