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REGISTERED NUMBER: 15064732 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| SORDO MADALENO LIMITED |

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

SORDO MADALENO LIMITED

COMPANY INFORMATION

for the Year Ended 31 December 2025

| DIRECTORS: | J Gerini Igartua

| J Miranda

| F Continanza

| REGISTERED OFFICE: | 10 John Street

| London

| WC1N 2EB

| REGISTERED NUMBER: | 15064732 (England and Wales)

| ACCOUNTANTS: | Oury Clark Chartered Accountants

| Herschel House

| 58 Herschel Street

| Slough

| Berkshire

| SL1 1PG

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

BALANCE SHEET

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 853,793 |  | 177,964 |  |

CURRENT ASSETS

Debtors | 5 | 746,987 |  | 245,436 |  |

Cash at bank | 176,950 |  | 1,301,345 |  |

923,937 |  | 1,546,781 |  |

CREDITORS

Amounts falling due within one year | 6 | 885,702 |  | 1,320,241 |  |

NET CURRENT ASSETS | 38,235 |  | 226,540 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 892,028 |  | 404,504 |  |

PROVISIONS FOR LIABILITIES | 8 | 121,936 |  | 323,166 |  |

NET ASSETS | 770,092 |  | 81,338 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2 |  | 2 |  |

Share premium | 4,999 |  | 4,999 |  |

Retained earnings | 765,091 |  | 76,337 |  |

SHAREHOLDERS' FUNDS | 770,092 |  | 81,338 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

BALANCE SHEET - continued

31 December 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

F Continanza - Director

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Sordo Madaleno 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 trading address of the company is Suite 3.01, 91 Wimpole Street, London W1G 0EF.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of 12 months and 1 day from the date these financial statements were approved. The directors expect the company to continue as a going concern with the additional financial support of its parent company, Moradias, S. De R.L. De C.V

| Related party exemption

| 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.

| Turnover

| The company provides architectural design services and recognises revenue in accordance with FRS102 - Section 23.

| Revenue is measured at the contractually agreed price for each stage of the project and is recognised over time as performance obligations are satisfied, using an input method based on the percentage of completion. Given the nature of our services, which are delivered progressively and provide value to clients throughout the project lifecycle, we apply a time-based measure of progress, recognising revenue evenly over the duration of each stage of the contract.

| This approach reflects the continuous transfer of control and benefits to the customer as design work progresses. Where contractual terms specify distinct milestones or deliverables, revenue may be recognised in line with those obligations, provided they represent a faithful depiction of performance completion.

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

| Tangible fixed assets

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

| Plant and machinery etc | - | Straight line over 10 years and Straight line over 3 years

| Tangible fixed assets are initially measured at cost. They are subsequently measured at cost, net of depreciation and any impairment losses.

| Financial instruments

| Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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.

| 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 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.

| Research and development

| Research and development expenditure is written off to the profit and loss account in the period in which is is incurred. Development costs are not capitalised.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2024 - 20 ) .

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 201,767 |  |

| Additions | 853,240 |  |

| Disposals | (105,840 | ) |

| At 31 December 2025 | 949,167 |  |

| DEPRECIATION

| At 1 January 2025 | 23,803 |  |

| Charge for year | 74,511 |  |

| Eliminated on disposal | (2,940 | ) |

| At 31 December 2025 | 95,374 |  |

| NET BOOK VALUE

| At 31 December 2025 | 853,793 |  |

| At 31 December 2024 | 177,964 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 115,173 |  | - |  |

| Other debtors | 631,814 |  | 245,436 |  |

746,987 |  | 245,436 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 102,747 |  | 801,677 |  |

| Taxation and social security | 296,642 |  | 174,023 |  |

| Other creditors & accruals | 486,313 |  | 344,541 |  |

885,702 |  | 1,320,241 |  |

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

7. | LEASING AGREEMENTS

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 433,956 |  | - |  |

| Between one and five years | 2,603,736 |  | - |  |

| In more than five years | 1,066,809 |  | - |  |

4,104,501 |  | - |  |

8. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 122,359 |  | - |  |

| Other timing differences | (423 | ) | - |  |

| Deferred tax | - |  | 26,314 |  |

121,936 |  | 26,314 |  |

| Other provisions | - |  | 296,852 |  |

| Aggregate amounts | 121,936 |  | 323,166 |  |

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1 January 2025 | 26,314 |  | 296,852 |  |

| Provided during year | 95,622 |  | - |  |

| Unused amounts reversed during year | - |  | (296,852 | ) |

| Balance at 31 December 2025 | 121,936 |  | - |  |

| Other provisions represents expected contract losses.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

10. | ULTIMATE PARENT COMPANY

| At the balance sheet date, the ultimate and immediate parent company was Moradias, S. De R.L. De C.V. a company incorporated in Mexico.