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REGISTERED NUMBER: 10470969 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| TOWERNINE LIMITED |

TOWERNINE LIMITED (REGISTERED NUMBER: 10470969)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

TOWERNINE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | S P Craven

| T G Wait

| J Morris

| REGISTERED OFFICE: | 3rd Floor

| 86 - 90 Paul Street

| London

| EC2A 4NE

| REGISTERED NUMBER: | 10470969 (England and Wales)

| ACCOUNTANTS: | Cooper Parry Advisory Limited

| First Floor, Davidson House

| Forbury Square

| Reading

| Berkshire

| RG1 3EU

TOWERNINE LIMITED (REGISTERED NUMBER: 10470969)

BALANCE SHEET

31 MAY 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investment property | 5 | 5,000,000 |  | 6,000,000 |  |

CURRENT ASSETS

Debtors | 6 | 254,518 |  | 5,532 |  |

Cash at bank | 335,759 |  | 348,232 |  |

590,277 |  | 353,764 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,130,785 |  | 3,468,098 |  |

NET CURRENT LIABILITIES | (2,540,508 | ) | (3,114,334 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,459,492 |  | 2,885,666 |  |

CAPITAL AND RESERVES

Called up share capital | 9 |  | 9 |  |

Retained earnings | 2,459,483 |  | 2,885,657 |  |

2,459,492 |  | 2,885,666 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 and authorised for issue by the Board of Directors and authorised for issue on 20 February 2026 and were signed on its behalf by:

J Morris - Director

TOWERNINE LIMITED (REGISTERED NUMBER: 10470969)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Towernine 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.

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

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is generated from property lease income.

| Going concern

| After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis of accounting.

| Investment property

| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| The directors obtain independent external market data of similar investment properties. The directors make their own assessment of whether circumstances have changed and affect the net book value of the property. The director?s valuation is based on key assumptions such as future rental income, anticipated maintenance costs, future development expenditure and an appropriate discount rate.

TOWERNINE LIMITED (REGISTERED NUMBER: 10470969)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| Taxation

| Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short term creditors are measured al the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. | EMPLOYEES AND DIRECTORS

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

TOWERNINE LIMITED (REGISTERED NUMBER: 10470969)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 June 2024 | 6,000,000 |  |

| Impairments | (1,000,000 | ) |

| At 31 May 2025 | 5,000,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 5,000,000 |  |

| At 31 May 2024 | 6,000,000 |  |

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

2025 | 2024 |

| £ | £

| Other debtors | 254,518 |  | 5,532 |  |

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

2025 | 2024 |

| £ | £

| Taxation and social security | 130,306 |  | 130,937 |  |

| Other creditors | 3,000,479 |  | 3,337,161 |  |

3,130,785 |  | 3,468,098 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025 | 2024 |

| £ | £

| S P Craven

| Balance outstanding at start of year | (1,035,683 | ) | (1,256,333 | ) |

| Amounts advanced | 100,600 |  | 220,650 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (935,083 | ) | (1,035,683 | ) |

| J Morris

| Balance outstanding at start of year | (1,134,533 | ) | (1,255,033 | ) |

| Amounts advanced | 120,600 |  | 120,500 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,013,933 | ) | (1,134,533 | ) |

TOWERNINE LIMITED (REGISTERED NUMBER: 10470969)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| T G Wait

| Balance outstanding at start of year | (1,136,733 | ) | (1,256,733 | ) |

| Amounts advanced | 120,000 |  | 120,000 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,016,733 | ) | (1,136,733 | ) |

9. | ULTIMATE CONTROLLING PARTY

| As the company is jointly owned by three shareholders, there is no ultimate controlling party.