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REGISTERED NUMBER: 16135701 (England and Wales)

| PENTA REAL ESTATE LIMITED |

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 13TH DECEMBER 2024 TO 31ST DECEMBER 2025 |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Statement of Income and Retained Earnings | 10 |

| Balance Sheet | 11 |

| Cash Flow Statement | 12 |

| Notes to the Cash Flow Statement | 13 |

| Notes to the Financial Statements | 14 |

| PENTA REAL ESTATE LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

| DIRECTORS: | Mr M Pindroch

| Mr P Streblov

| REGISTERED OFFICE: | One St Peter's Square

| Manchester

| M2 3DE

| REGISTERED NUMBER: | 16135701 (England and Wales)

| AUDITORS: | Carston ETL

| Statutory Auditor

| Second Floor

| 34 Lime Street

| London

| EC3M 7AT

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

STRATEGIC REPORT

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

The directors present their strategic report for the period 13th December 2024 to 31st December 2025.

OVERVIEW AND PRINCIPAL ACTIVITIES

Penta Real Estate Limited (the "Company") provides advisory and management services to group entities involved in UK residential property development and its ultimate shareholder . The Company does not hold investments in subsidiaries or joint ventures.

The Company provides advisory services to A01 Holdco Limited and Cuba Street Holdco Limited under fixed-fee advisory agreements. In addition, the Company provides advisory and support services to its immediate parent undertaking, Penta Real Estate Holding Limited ("PREHL").

The Company employs one staff member and operates as a central advisory entity for the UK market within the wider Penta Real Estate group.

Business model

The Company's business model is to provide development advisory, management and support services to related group entities. Revenue is generated through:

-fixed advisory fees charged to UK development entities; and

-cost recharges to its immediate parent, with a contractual mark-up applied.

The Company operates as a routine service provider within the group and is intended to generate a modest and consistent level of profitability in line with its functional profile and transfer pricing arrangements.

Performance and results for the year

The Company reported a profit for the year.

Revenue recognised during the year primarily related to advisory fees charged from the final quarter of the financial year following the commencement of advisory agreements. As a result, revenue for the year is not representative of a full twelve-month trading period.

The directors expect revenue to increase in the following financial year, reflecting a full year of advisory fee income under existing agreements, as well as additional income generated from a greater number of UK development entities acquired during the year.

The Company's operating costs largely comprise staff costs and expenses recharged from group entities. These recharges relate to support services provided by group entities based in the Czech Republic, Slovakia and Cyprus. The level of recharged costs is expected to decrease as the number of locally employed staff increases in the next financial year, thereby reducing the Company's reliance on support from other group entities.

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

STRATEGIC REPORT

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider that the principal risks and uncertainties faced by the Company are as follows:

Reliance on group entities for revenue

The Company generates all of its income from related group entities and is therefore dependent on the continued operation and funding of the wider group.

Transfer pricing risk

The Company is subject to transfer pricing arrangements in respect of advisory fees and cost recharges. There is a risk that pricing may not be considered arm's length by tax authorities if not appropriately supported.

Going concern reliance on group support

The Company's ongoing operations are dependent on continued support from group entities through the continuation of advisory agreements.

Foreign exchange risk

The Company is exposed to foreign exchange movements arising from recharges with overseas group entities.

These risks are managed through formal advisory agreements, regular review of pricing arrangements, group oversight and ongoing monitoring of cash flows.

ON BEHALF OF THE BOARD:

Mr M Pindroch - Director

2nd March 2026

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

The directors present their report with the financial statements of the company for the period 13th December 2024 to 31st December 2025.

INCORPORATION

The company was incorporated on 13th December 2024 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of providing advisory services to group real estate projects.

RESEARCH AND DEVELOPMENT

The company did not undertake any research and development during the year.

FUTURE DEVELOPMENTS

Information about the company’s future developments is set out in the Strategic Report.

DIRECTORS

The directors who have held office during the period from 13th December 2024 to the date of this report are as follows:

Mr M Pindroch - appointed 13th December 2024

Mr P Streblov - appointed 13th December 2024

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, 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). 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company's auditors are 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 company's auditors are aware of that information.

AUDITORS

The auditors, Carston ETL, will be proposed for re-appointment at the forthcoming Annual General Meeting.

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 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:

Mr M Pindroch - Director

2nd March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

PENTA REAL ESTATE LIMITED

Opinion

We have audited the financial statements of Penta Real Estate Limited (the 'company') for the period ended 31st December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, 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 company's affairs as at 31st December 2025 and of its profit for the period 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 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 Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

PENTA REAL ESTATE LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 take advantage of the small companies' exemption from the requirement to prepare a 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 four, 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 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 company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

PENTA REAL ESTATE LIMITED

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 Auditors 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We design our procedures so as to obtain sufficient appropriate audit evidence that the financial statements are not materially misstated due to non-compliance with laws and regulations or due to fraud or error.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with management with the oversight of the Directors.

Based on our understanding of the company and industry, discussions with management and directors we identified financial reporting standards and Companies Act 2006 as having a direct effect on the amounts and disclosures in the financial statements.

As part of the engagement team discussion about how and where the company's financial statements may be materially misstated due to fraud, we did not identify any areas with an increased risk of fraud.

Our audit procedures included:

- completing a risk-assessment process during our planning for this audit that specifically considered the risk of fraud;

- enquiry of management about the company's policies, procedures and related controls regarding compliance with laws and regulations and if there are any known instances of non-compliance;

- examining supporting documents for all material balances, transactions and disclosures;

- enquiry of management, about litigations and claims and inspection of relevant correspondence;

- analytical procedures to identify any unusual or unexpected relationships;

- specific audit testing on and review of areas that could be subject to management override of controls and potential bias, most notably around the key judgments and estimates, including the carrying value of accruals, provisions, recoverability of trade debtors and revenue recognition;

- considering management override of controls outside of the normal operating cycles including testing the

appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the financial statements including evaluating the business rationale of significant transactions, outside the normal course of business.

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organised schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

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 Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

PENTA REAL ESTATE 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 Auditors 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.

Steven Davies (Senior Statutory Auditor)

for and on behalf of Carston ETL

Statutory Auditor

Second Floor

34 Lime Street

London

EC3M 7AT

2nd March 2026

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

| Notes | £

| TURNOVER | 3 | 599,926 |  |

| Administrative expenses | (564,391 | ) |

| OPERATING PROFIT | 5 | 35,535 |  |

| Interest receivable and similar income | 6 | 1,186 |  |

| PROFIT BEFORE TAXATION | 36,721 |  |

| Tax on profit | 7 | (9,488 | ) |

| PROFIT FOR THE FINANCIAL PERIOD | 27,233 |  |

| RETAINED EARNINGS AT END OF PERIOD | 27,233 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

BALANCE SHEET

31ST DECEMBER 2025

| Notes | £ | £

| FIXED ASSETS

| Tangible assets | 8 | 3,733 |  |

| CURRENT ASSETS

| Debtors | 9 | 546,784 |  |  |

| Cash at bank | 180,108 |  |  |

726,892 |  |

| CREDITORS

| Amounts falling due within one year | 10 | 702,359 |  |

| NET CURRENT ASSETS | 24,533 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 28,266 |  |

| PROVISIONS FOR LIABILITIES | 13 | 933 |  |

| NET ASSETS | 27,333 |  |

| CAPITAL AND RESERVES

| Called up share capital | 14 | 100 |  |

| Retained earnings | 15 | 27,233 |  |

| SHAREHOLDERS' FUNDS | 27,333 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 2nd March 2026 and were signed on its behalf by:

Mr M Pindroch - Director

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

CASH FLOW STATEMENT

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

| Notes | £

| Cash flows from operating activities

| Cash generated from operations | 1 | (54,378 | ) |

| Net cash from operating activities | (54,378 | ) |

| Cash flows from investing activities

| Purchase of tangible fixed assets | (4,059 | ) |

| Interest received | 1,186 |  |

| Net cash from investing activities | (2,873 | ) |

| Cash flows from financing activities

| Share issue | 100 |  |

| Cash received from parent company | 237,259 |  |

| Net cash from financing activities | 237,359 |  |

| Increase in cash and cash equivalents | 180,108 |  |

| Cash and cash equivalents at beginning of period | 2 | - |  |

| Cash and cash equivalents at end of period | 2 | 180,108 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| £

| Profit before taxation | 36,721 |  |

| Depreciation charges | 326 |  |

| Finance income | (1,186 | ) |

35,861 |  |

| Increase in trade and other debtors | (546,784 | ) |

| Increase in trade and other creditors | 456,545 |  |

| Cash generated from operations | (54,378 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Period ended 31st December 2025

| 31/12/25 |  | 13/12/24

| £ | £

| Cash and cash equivalents | 180,108 |  | - |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 13/12/24 | Cash flow | At 31/12/25

| £ | £ | £

| Net cash |

| Cash at bank | - |  | 180,108 |  | 180,108 |  |

- |  | 180,108 |  | 180,108 |  |

| Total | - |  | 180,108 |  | 180,108 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Penta Real Estate 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| The preparation of the financial statements in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements include estimation, where applicable, for items relating to revenue recognition and the recoverability of receivables.

| Going concern

| The company's business activities, together with factors likely to affect its future performance and position, are regularly reviewed. The directors have a reasonable expectation that the company's existing financing arrangements are expected to continue and as such, the company is expected to continue in operational existence for the foreseeable future.

| Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

| The financial statements do not include any adjustments that may be result from any significant changes in the assumptions noted above in preparing the financial statements.

| Turnover

| Turnover represents invoiced sales of services, net of any discounts and excluding value added tax.

| Services provided but which had not been billed at the balance sheet date have been recognised as revenue. Revenue recognition in this manner is based on an assessment of the fair value of the services provided at the balance sheet date where there exists an agreed right to receive consideration for work undertaken. Accrued income is included in the financial statements as a current asset. Payments received on account of unbilled work are set off against accrued income in the balance sheet.

| Income which is billed for work to be carried out at a future date or in advance of providing other services, where a liability exists at the balance sheet date to fulfil specific future obligations, is treated as deferred income and included in current liabilities.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 25% straight line on cost

| Financial instruments

| The firm only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period 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 period 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

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

| Debtors

| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

| Cash and cash equivalents

| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

| Interest receivable

| Interest receivable represents interest earned on loans and investments that has not been received at the balance sheet date. Accrued interest is calculated using the effective interest method and is recognized as income in the Comprehensive Income and Expenditure Statement.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| £

| United Kingdom | 55,254 |  |

| Europe | 544,672 |  |

599,926 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

4. | EMPLOYEES AND DIRECTORS

| £

| Wages and salaries | 49,668 |  |

| Social security costs | 1,931 |  |

| Other pension costs | 440 |  |

52,039 |  |

| The average number of employees during the period was as follows:

| Administration | 1 |  |

| £

| Directors' remuneration | - |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| £

| Depreciation - owned assets | 326 |  |

| Auditors' remuneration | 16,000 |  |

| Foreign exchange differences | 4,501 |  |

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| £

| Deposit account interest | 1,186 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the period was as follows:

| £

| Current tax:

| UK corporation tax | 8,555 |  |

| Deferred tax | 933 |  |

| Tax on profit | 9,488 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

8. | TANGIBLE FIXED ASSETS

Computer |

equipment |

| £

| COST

| Additions | 4,059 |  |

| At 31st December 2025 | 4,059 |  |

| DEPRECIATION

| Charge for period | 326 |  |

| At 31st December 2025 | 326 |  |

| NET BOOK VALUE

| At 31st December 2025 | 3,733 |  |

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

| £

| Trade debtors | 463,830 |  |

| Other debtors | 32,880 |  |

| VAT | 13,438 |  |

| Prepayments and accrued income | 36,636 |  |

546,784 |  |

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

| £

| Trade creditors | 414,700 |  |

| Amounts owed to group undertakings | 237,259 |  |

| Tax | 8,555 |  |

| PAYE and NIC taxes | 1,989 |  |

| Pensions payable | 1,027 |  |

| Other creditors | 111 |  |

| Accruals and deferred income | 38,718 |  |

702,359 |  |

11. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| £

| Within one year | 64,262 |  |

| Between one and five years | 5,842 |  |

70,104 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

12. | FINANCIAL INSTRUMENTS

| The carrying value of the company's financial assets and liabilities are summarised below: |  |  |

| Financial Assets |  |

| 31.12.25 |  |

| £ |  |

| Measured at undiscounted amounts receivable |  |

| Trade debtors |  | 463,830 |  |

| Other debtors |  |  | 32,880 |  |

| 496,710 |  |

| Financial Liabilities |  |

|  | 31.12.25 |  |

|  | £ |  |

| Measured at undiscounted amounts payable |  |

| Amounts owed to group undertakings |  | 237,259 |  |

| Trade creditors |  | 414,700 |  |

| Other creditors |  | 111 |  |

| Accruals and deferred income |  | 38,718 |  |

|  | 690,788 |  |

13. | PROVISIONS FOR LIABILITIES

| £

| Deferred tax | 933 |  |

Deferred tax |

| £

| Provided during period | 933 |  |

| Balance at 31st December 2025 | 933 |  |

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal |

value: |  | £

| 100 | Ordinary | £1 | 100 |  |

| 100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

15. | RESERVES

Retained |

earnings |

| £

| Profit for the period | 27,233 |  |

| At 31st December 2025 | 27,233 |  |

PENTA REAL ESTATE LIMITED (REGISTERED NUMBER: 16135701) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13TH DECEMBER 2024 TO 31ST DECEMBER 2025

16. | ULTIMATE PARENT COMPANY

| Penta Investments Group Limited (incorporated in Cyprus ) is regarded by the directors as being the company's ultimate parent company.

17. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company was owed £160,266 from its parent company Penta Real Estate Holding Limited, a company incorporated in Cyprus. This is in respect of management costs due and advisory fees receivable; during the year, advisory fees of £544,672 were charged to the parent company. In addition, during the year the parent company provided an interest-bearing intercompany loan of £237,259.

| At the balance sheet date the company owed £362,421 to a group company Penta Real Estate, s.r.o., a company incorporated in the Czech Republic. This is in respect of management fees; during the year, management fees of £364,784 were charged by this entity.

| At the balance sheet date the company owed £5,462 to a group company Penta Real Estate, s.r.o., a company incorporated in Slovakia. This is in respect of management fees; during the year, management fees of £5,462 were charged by this entity.

| At the balance sheet date, the company was owed £16,304 from a group company A01 Building Limited, a company incorporated in the UK. This is in respect of advisory fees; during the year, advisory fees of £16,304 were charged to this entity.

| At the balance sheet date, the company was owed £50,000 from a group company Cuba Street LLP, a company incorporated in the UK. This is in respect of advisory fees; during the year, advisory fees of £50,000 were charged to this entity.

| At the balance sheet date the company owed £2,067 to a group company Penta Investments Ltd, a company incorporated in the Czech Republic. This is in respect of IT costs; during the year, IT costs of £2,562 were charged by this entity.

| At the balance sheet date the company owed £170 to a group company Project Development PRE CR s.r.o., a company incorporated in the Czech Republic. This is in respect of management fees; during the year, management fees of £170 were charged by this entity.