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REGISTERED NUMBER: 09542639 (England and Wales)

| Group Strategic Report, |

| Report of the Director and |

| Consolidated Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| COLMORE INVESTMENTS LTD |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Contents of the Consolidated Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Profit and Loss Account and Other Comprehensive Income | 9 |

| Consolidated Statement of Financial Position | 10 |

| Company Statement of Financial Position | 11 |

| Consolidated Statement of Changes in Equity | 12 |

| Company Statement of Changes in Equity | 13 |

| Consolidated Statement of Cash Flows | 14 |

| Notes to the Consolidated Statement of Cash Flows | 15 |

| Notes to the Consolidated Financial Statements | 16 |

| COLMORE INVESTMENTS LTD |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | Harj Mattu

| REGISTERED OFFICE: | 97 Park Lane

| Mayfair

| London

| W1K 7TG

| REGISTERED NUMBER: | 09542639 (England and Wales)

| AUDITORS: | Brindleys Limited

| Statutory Auditors

| 2 Wheeleys Road

| Edgbaston

| Birmingham

| West Midlands

| B15 2LD

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Group Strategic Report

for the Year Ended 31 March 2025

The director presents his strategic report of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The Company is an investment holding company and the principal activity of its subsidiary undertaking

continues to be the management of a four star hotel in the United Kingdom. The business conducted is principally the day-to-day managing of the hotel.

REVIEW OF BUSINESS

The Group has performed well during the year generating a profit before tax of £1,114,850 (2024: £2,206,551). The majority of the income is derived from the management and day-to-day running of the hotel. Also, there is notional interest receivable of £381,546 included in other operating income . The shareholder's funds of the group at year end date was £1,968,956 (2024:£848,427).

The future

Although the Group’s primary business model is owner/operator focused, the Group has significant hotel management experience. When it comes to hotels, restaurants, bars and spas, we believe in a bespoke approach. We tailor each product to the market to ensure that it has local relevance in order to maximise its potential.Our philosophy of providing a high quality experience with a strong focus on excellent service delivery, at great value to the guest.

PRINCIPAL RISKS AND UNCERTAINTIES

The group uses various financial instruments. These include director's loan accounts, cash and various items, such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the group's operations. The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below.

Market risk

Market risk encompasses various types of risk, being liquidity risk and credit risk.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Short- term flexibility is achieved by loans from directors.

Credit risk

The company's principal financial assets are trade debtors. The principal credit risk arises therefore from its trade debtors. Credit limits are reviewed by the directors on a regular basis.

ON BEHALF OF THE BOARD:

Harj Mattu - Director

24 October 2025

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Report of the Director

for the Year Ended 31 March 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

Harj Mattu held office during the whole of the period from 1 April 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

No donations were made by the Group for political purposes during the year.

EMPLOYEE INVOLVEMENT

Regular meetings are held between local management and employees to allow a free flow of information and ideas.

DISABLED EMPLOYEES

The Company gives full consideration to applications for employment from disabled persons where the candidate's particular aptitudes and abilities are consistent with adequately meeting the requirements of the job. Opportunities are available to disabled employees for training, career development and promotion.

Where existing employees become disabled, it is the Company's policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training to achieve this aim.

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by Paragraph 1A of schedule 7 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 certain matters which are required to be disclosed in the directors' report have been omitted as they are included in the strategic report on page 2. These matters relate to review of business, principal risks and uncertainties and future developments.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Report of the Director

for the Year Ended 31 March 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he 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 auditors are aware of that information.

AUDITORS

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

ON BEHALF OF THE BOARD:

Harj Mattu - Director

24 October 2025

Report of the Independent Auditors to the Members of

Colmore Investments Ltd

Opinion

We have audited the financial statements of Colmore Investments Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Profit and Loss Account and Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 March 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 Auditors' 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Report of the Independent Auditors to the Members of

Colmore Investments Ltd

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 Group Strategic Report or the Report of the Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Colmore Investments Ltd

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 design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have considered the nature of the Company's industry and its control environment, and reviewed the company's

documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also

enquired of management about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory framework that the company operates in, and identified the key laws and regulations that:

. had a direct effect on the determination of material amounts and disclosures in the financial statements. These included UK Companies Act, tax legislation etc; and

. do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within

organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the

appropriateness of journal entries and other adjustments; assessed whether the judgements made in making the accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

. reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

. enquiring of management and in-house legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations; and

. reading minutes of meetings of those charged with governance.

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

Colmore Investments Ltd

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.

Sajjad Sumar (Senior Statutory Auditor)

for and on behalf of Brindleys Limited

Statutory Auditors

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

24 October 2025

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Consolidated

Profit and Loss Account and

Other Comprehensive Income

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 12,702,810 |  | 11,920,357 |  |

Cost of sales | 2,367,727 |  | 2,218,307 |  |

GROSS PROFIT | 10,335,083 |  | 9,702,050 |  |

Administrative expenses | 9,601,779 |  | 7,454,788 |  |

733,304 |  | 2,247,262 |  |

Other operating income | 381,546 |  | 366,871 |  |

OPERATING PROFIT | 5 | 1,114,850 |  | 2,614,133 |  |

Interest payable and similar expenses | 7 | - |  | 407,581 |  |

PROFIT BEFORE TAXATION | 1,114,850 |  | 2,206,552 |  |

Tax on profit | 8 | (5,677 | ) | 159,907 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,120,527 |  | 2,046,645 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,120,527 |  | 2,046,645 |  |

Profit attributable to:

Owners of the parent | 1,120,527 |  | 2,046,645 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,120,527 |  | 2,046,645 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Consolidated Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 96,805 |  | 113,889 |  |

Investments | 11 | - |  | - |  |

96,805 |  | 113,889 |  |

CURRENT ASSETS

Stocks | 12 | 30,937 |  | 34,799 |  |

Debtors | 13 | 21,646,692 |  | 21,247,015 |  |

Cash at bank and in hand | 1,010,221 |  | 511,473 |  |

22,687,850 |  | 21,793,287 |  |

CREDITORS

Amounts falling due within one year | 14 | 10,114,444 |  | 10,351,816 |  |

NET CURRENT ASSETS | 12,573,406 |  | 11,441,471 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,670,211 |  | 11,555,360 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (10,699,999 | ) | (10,699,999 | ) |

PROVISIONS FOR LIABILITIES | 16 | (1,256 | ) | (6,933 | ) |

NET ASSETS | 1,968,956 |  | 848,428 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 1 |  | 1 |  |

Retained earnings | 18 | 1,968,955 |  | 848,427 |  |

SHAREHOLDERS' FUNDS | 1,968,956 |  | 848,428 |  |

The financial statements were approved by the director and authorised for issue on 24 October 2025 and were signed by:

Harj Mattu - Director

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Company Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 100 |  | 100 |  |

100 |  | 100 |  |

CURRENT ASSETS

Debtors | 13 | 18,939,962 |  | 18,556,366 |  |

Cash at bank and in hand | 929 |  | 1,101 |  |

18,940,891 |  | 18,557,467 |  |

CREDITORS

Amounts falling due within one year | 14 | 6,996,471 |  | 6,988,442 |  |

NET CURRENT ASSETS | 11,944,420 |  | 11,569,025 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,944,520 |  | 11,569,125 |  |

CREDITORS

Amounts falling due after more than one year | 15 | 12,214,984 |  | 12,214,984 |  |

NET LIABILITIES | (270,464 | ) | (645,859 | ) |

CAPITAL AND RESERVES

Called up share capital | 17 | 1 |  | 1 |  |

Retained earnings | 18 | (270,465 | ) | (645,860 | ) |

SHAREHOLDERS' FUNDS | (270,464 | ) | (645,859 | ) |

Company's profit/(loss) for the financial year | 375,395 |  | (46,549 | ) |

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 director and authorised for issue on 24 October 2025 and were signed by:

Harj Mattu - Director

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Consolidated Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 1 |  | (1,198,218 | ) | (1,198,217 | ) |

Changes in equity

Total comprehensive income | - |  | 2,046,645 |  | 2,046,645 |  |

Balance at 31 March 2024 | 1 |  | 848,427 |  | 848,428 |  |

Changes in equity

Total comprehensive income | - |  | 1,120,527 |  | 1,120,527 |  |

Balance at 31 March 2025 | 1 |  | 1,968,954 |  | 1,968,955 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Company Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 1 |  | (599,311 | ) | (599,310 | ) |

Changes in equity

Total comprehensive income | - |  | (46,549 | ) | (46,549 | ) |

Balance at 31 March 2024 | 1 |  | (645,860 | ) | (645,859 | ) |

Changes in equity

Total comprehensive income | - |  | 375,395 |  | 375,395 |  |

Balance at 31 March 2025 | 1 |  | (270,465 | ) | (270,464 | ) |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Consolidated Statement of Cash Flows

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 498,748 |  | (1,189,506 | ) |

Interest paid | - |  | (407,581 | ) |

Net cash from operating activities | 498,748 |  | (1,597,087 | ) |

Increase/(decrease) in cash and cash equivalents | 498,748 |  | (1,597,087 | ) |

Cash and cash equivalents at beginning of year | 2 | 511,473 |  | 2,108,560 |  |

Cash and cash equivalents at end of year | 2 | 1,010,221 |  | 511,473 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Statement of Cash Flows

for the Year Ended 31 March 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,114,850 |  | 2,206,552 |  |

| Depreciation charges | 17,083 |  | 20,098 |  |

| Finance costs | - |  | 407,581 |  |

1,131,933 |  | 2,634,231 |  |

| Decrease in stocks | 3,862 |  | 11,391 |  |

| Increase in trade and other debtors | (399,678 | ) | (4,208,044 | ) |

| (Decrease)/increase in trade and other creditors | (237,369 | ) | 372,916 |  |

| Cash generated from operations | 498,748 |  | (1,189,506 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 1,010,221 |  | 511,473 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 511,473 |  | 2,108,560 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 511,473 |  | 498,748 |  | 1,010,221 |  |

511,473 |  | 498,748 |  | 1,010,221 |  |

| Total | 511,473 |  | 498,748 |  | 1,010,221 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Colmore Investments 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 General 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.

| Basis of consolidation

| The consolidated financial statements include the financial statements of the Company and its subsidiary undertakings made up to 31 March 2023. A subsidiary is an entity that is controlled by the parent. The results of the subsidiary undertakings are included in the consolidated profit and loss account from the date that control commences to the date that control ceases. Control is established when the Company has the power the govern the operating and financial policies of an entity so as to obtain benefits from ts activities. In assessing control, the Group takes into consideration potential voting rights that are currently exercisable.

| In the parent financial statements, investments in subsidiaries, are carried at cost less impairment.

| 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.

| Turnover

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

| The turnover is derived from the hotel operations.

| Tangible fixed assets

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

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

| Stocks

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

| Financial instruments

| Trade and Other Debtors/Creditors

| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account and Other Comprehensive Income, 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 or 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.

| Holiday pay

| Holiday pay is recognised as an expense in the period in which the service is received.

| Functional and presentation currency

| The functional and presentation currency of the group and the company is Great British Pound (£).

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about carrying value of assets and liabilities that are not readily apparent from other sources.

| The estimates and underlying assumptions are reviewed on an ongoing basis.

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,778,908 |  | 3,478,760 |  |

| Social security costs | 241,145 |  | 272,432 |  |

| Other pension costs | 68,784 |  | 77,758 |  |

4,088,837 |  | 3,828,950 |  |

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

| 2025 |  | 2024

| F & B | 56 |  | 52 |  |

| Front Office | 30 |  | 30 |  |

| House Keeping | 79 |  | 72 |  |

| Kitchen | 24 |  | 24 |  |

| Maintenance | - |  | 9 |  |

| Sales | - |  | 22 |  |

| Admin & HR | - |  | 8 |  |

189 |  | 217 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 189 (2024 - 217 ) .

| 2025 |  | 2024

£ | £ |

| Director's remuneration | - |  | - |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 20,488 |  | 16,593 |  |

| Depreciation - owned assets | 17,084 |  | 20,098 |  |

6. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 9,000 |  | 9,000 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Other Loan Interest | - |  | 407,581 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

8. | TAXATION

| Analysis of the tax (credit)/charge

| The tax (credit)/charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Deferred tax | (5,677 | ) | 159,907 |  |

| Tax on profit | (5,677 | ) | 159,907 |  |

9. | INDIVIDUAL PROFIT AND LOSS ACCOUNT AND OTHER COMPREHENSIVE INCOME

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

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures

| and

| fittings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 348,146 |  |

| DEPRECIATION

| At 1 April 2024 | 234,257 |  |

| Charge for year | 17,084 |  |

| At 31 March 2025 | 251,341 |  |

| NET BOOK VALUE

| At 31 March 2025 | 96,805 |  |

| At 31 March 2024 | 113,889 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 100 |  |

| NET BOOK VALUE

| At 31 March 2025 | 100 |  |

| At 31 March 2024 | 100 |  |

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

| Subsidiary

| Staywell Hospitality Management Limited

| Registered office: Park Regis Birmingham,160 Broad street, Fiveways, Birmingham,England, B15 1DT

| Nature of Business: Hotel Management

| %

| Class of shares: holding

| Ordinary 100

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 30,937 |  | 34,799 |  |

13. | DEBTORS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 390,125 |  | 145,943 |  | - |  | - |  |

| Other debtors | 11,253,893 |  | 11,476,597 |  | 9,006,915 |  | 9,006,915 |  |

| Deferred tax asset | - |  | - |  | 12,854 |  | 10,804 |  |

| Prepayments | 82,481 |  | 85,828 |  | - |  | - |  |

11,726,499 |  | 11,708,368 |  | 9,019,769 |  | 9,017,719 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

13. | DEBTORS - continued

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due after more than one year: |

| Other debtors | 9,920,193 |  | 9,538,647 |  | 9,920,193 |  | 9,538,647 |  |

| Aggregate amounts | 21,646,692 |  | 21,247,015 |  | 18,939,962 |  | 18,556,366 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade creditors | 503,635 |  | 1,285,959 |  | - |  | - |  |

| Social security and other taxes | 41,493 |  | 60,860 |  | - |  | - |  |

| VAT | 370,713 |  | 346,511 |  | - |  | - |  |

| Other creditors | 7,934,106 |  | 7,836,431 |  | 6,980,164 |  | 6,972,936 |  |

| Accrued expenses | 1,264,497 |  | 822,055 |  | 16,307 |  | 15,506 |  |

10,114,444 |  | 10,351,816 |  | 6,996,471 |  | 6,988,442 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts owed to group undertakings | - |  | - |  | 1,514,985 |  | 1,514,985 |  |

| Other creditors | 10,699,999 |  | 10,699,999 |  | 10,699,999 |  | 10,699,999 |  |

10,699,999 |  | 10,699,999 |  | 12,214,984 |  | 12,214,984 |  |

16. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 1,256 |  | 6,933 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

16. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 6,933 |  |

| Provided during year | (5,677 | ) |

| Balance at 31 March 2025 | 1,256 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | (10,804 | ) |

| Provided during year | (2,050 | ) |

| Balance at 31 March 2025 | (12,854 | ) |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | 1 | 1 |  | 1 |  |

| Each share has one voting right.

18. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1 April 2024 | 848,428 |  |

| Profit for the year | 1,120,527 |  |

| At 31 March 2025 | 1,968,955 |  |

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

18. | RESERVES - continued

| Company

| Retained

| earnings

£ |

| At 1 April 2024 | (645,860 | ) |

| Profit for the year | 375,395 |  |

| At 31 March 2025 | (270,465 | ) |

19. | ULTIMATE PARENT COMPANY

| Ace Sino Group Limited (incorporated in British Virgin Islands ) is regarded by the director as being the company's ultimate parent company.

20. | CONTINGENT LIABILITIES

| The directors are aware of the ongoing legal proceedings against the wholly owned subsidiary company Staywell Hospitality Management Limited. At this stage, the financial implications of these proceedings have not been quantified and therefore no provision in the accounts has been made.

21. | FINANCIAL COMMITMENTS

| A charge in favour of National Westminster Bank PLC dated 18 April 2024 providing security over funds borrowed by the associated company, Five ways Hotel Group Limited containing a fixed and floating charge over all property and undertaking of the associated company.

22. | 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.

| At the year end, the group had an outstanding loan of £7,148,169 (2024: £7,309,941) due to its ultimate controlling party, Ace Sino Group Ltd, which is registered in British Virgin Islands. This loan is repayable on demand.

| At the year end, the company had an outstanding loan of £10,699,999 (2024: £10,699,999) due to Seven Capital Plc, which is registered in England. This loan is repayable over one year.

| At the year end, the company had an outstanding loan of £18,927,108 (2024: £18,545,562) due from an associated company, Fiveways Hotel Group Ltd, which is registered in England and Wales. Out of this balance, £9,920,193 (2024: £9,538,647) is repayable in over one year from the balance sheet date and the rest is repayable on demand.

| During the year, the subsidiary company paid management charges of £317,617 (2024: £279,672) to an associated company Switch Management Ltd, which is registered in England and Wales.

| COLMORE INVESTMENTS LTD (REGISTERED NUMBER: 09542639) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

23. | AUDITOR LIABILITY LIMITATION AGREEMENT

| We have agreed that our aggregate liability, whether to you or any other party, of whatever nature, whether in contract, tort or otherwise, for any losses whatsoever and howsoever caused arising from or in any way

| connected with this engagement shall in no circumstances exceed ten times our agreed fee.

24. | POST BALANCE SHEET EVENTS

| There were no important events since the year end that require disclosure.