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REGISTERED NUMBER: 04018874 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Santo Stefano Limited

Santo Stefano Limited (Registered number: 04018874)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 4 |

Santo Stefano Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | R J Rodgers

| Mrs R L Scrivener

| Mrs S M Rodgers

| P A Fawcett

| Mrs S M Rodgers

| REGISTERED OFFICE: | 33 Park Place

| 2nd Floor

| Leeds

| West Yorkshire

| LS1 2RY

| REGISTERED NUMBER: | 04018874 (England and Wales)

| ACCOUNTANTS: | Ford Campbell Freedman Limited

| Chartered accountants

| 2nd Floor

| 33 Park Place

| Leeds

| LS1 2RY

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Santo Stefano 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 Statement of Financial Position. Readers are cautioned that the 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 Santo Stefano Limited for the year ended 31 May 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Santo Stefano 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 Santo Stefano Limited and state those matters that we have agreed to state to the Board of Directors of Santo Stefano Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Santo Stefano Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Santo Stefano 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 Santo Stefano Limited. You consider that Santo Stefano 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 Santo Stefano 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.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

24 February 2026

Santo Stefano Limited (Registered number: 04018874)

Statement of Financial Position

31 May 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 | 862 |  | 1,014 |  |

Investment property | 6 | 1,250,000 |  | 1,250,000 |  |

1,250,862 |  | 1,251,014 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,559,911 |  | 1,559,911 |  |

NET CURRENT LIABILITIES | (1,559,911 | ) | (1,559,911 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (309,049 | ) | (308,897 | ) |

PROVISIONS FOR LIABILITIES | 751 |  | 751 |  |

NET LIABILITIES | (309,800 | ) | (309,648 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (309,900 | ) | (309,748 | ) |

(309,800 | ) | (309,648 | ) |

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 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 24 February 2026 and were signed on its behalf by:

Mrs S M Rodgers - Director

Santo Stefano Limited (Registered number: 04018874)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Santo Stefano 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

| These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

| Going concern

| The accounts have been prepared on the going concern basis which assumes the continued support of the company's directors which the directors have confirmed. Such support has been maintained since the year end and will continue to be made available to the extent required to enable the company to meet its liabilities as and when they fall due during the course of the current year.

| Accordingly, the directors believe that it is appropriate to prepare the accounts on a going concern basis.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Tangible assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reserves a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Investment property

| Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

| Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

| If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property. it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

| Depreciation

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery |  | -25% Straight line |  |

| Fixtures and fittings |  | -15% on reducing balance |  |

Santo Stefano Limited (Registered number: 04018874)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

Fixtures |

Plant and | and |

machinery | fittings | Totals |

| £ | £ | £

| COST

| At 1 June 2024

| and 31 May 2025 | 22,258 |  | 30,524 |  | 52,782 |  |

| DEPRECIATION

| At 1 June 2024 | 22,258 |  | 29,510 |  | 51,768 |  |

| Charge for year | - |  | 152 |  | 152 |  |

| At 31 May 2025 | 22,258 |  | 29,662 |  | 51,920 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 862 |  | 862 |  |

| At 31 May 2024 | - |  | 1,014 |  | 1,014 |  |

6. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 June 2024

| and 31 May 2025 | 1,250,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 1,250,000 |  |

| At 31 May 2024 | 1,250,000 |  |

| On 31 May 2025 the freehold property, which is held as investment property was valued by the Directors to £1,250,000, this being their best estimate of its open market value at that date.

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

2025 | 2024 |

| £ | £

| Other creditors | 1,559,911 |  | 1,559,911 |  |

Santo Stefano Limited (Registered number: 04018874)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

8. | RELATED PARTY DISCLOSURES

| Amounts owed to directors

2025 | 2024 |

| £ | £

| Amount due to related party at the balance sheet date | 1,557,990 |  | 1,558,814 |  |

| The above loan is not interest bearing.

9. | ULTIMATE CONTROLLING PARTY

| The company was under the control of S Rodgers throughout the current year. S Rodgers is the managing director and majority shareholder.