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REGISTERED NUMBER: NI681689 (Northern Ireland)

Directors' Report and

Unaudited Financial Statements for the Year Ended 31 October 2025

for

HHG No11. Limited

HHG No11. Limited (Registered number: NI681689)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Directors' Report | 2 |

Statement of Comprehensive Income | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 5 |

HHG No11. Limited

Company Information

for the Year Ended 31 October 2025

| Directors: | Mr P D E Gibson

| Mrs J A H Hastings

| Mr H J Hastings

| Mrs A C L Martin

| Mrs A K McKimm

| Mr J E Carson

| Registered office: | 1066 House

| 587 Upper Newtownards Road

| Belfast

| BT4 3LP

| Registered number: | NI681689 (Northern Ireland)

| Accountants: | Grant Thornton (NI) LLP

| 12-15 Donegall Square West

| Belfast

| Northern Ireland

| BT1 6JH

| Solicitors: | Arthur Cox

| Victoria House

| 15-17 Gloucester St

| Belfast

| BT1 4LS

HHG No11. Limited (Registered number: NI681689)

Directors' Report

for the Year Ended 31 October 2025

The directors present their report with the financial statements of the Company for the year ended 31 October 2025.

Principal activity

The principal activity of the Company in the year under review was that of property investment.

Directors

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

Mr P D E Gibson

Mrs J A H Hastings

Mr H J Hastings

Mrs A C L Martin

Mrs A K McKimm

Mr J E Carson

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 H J Hastings - Director

13 March 2026

HHG No11. Limited (Registered number: NI681689)

Statement of Comprehensive Income

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

Turnover | - |  | - |  |

Administrative expenses | (15,880 | ) | (71,618 | ) |

(15,880 | ) | (71,618 | ) |

Other operating income | 17,938 |  | (77,952 | ) |

Operating profit/(loss) and |

Profit/(loss) before taxation | 2,058 |  | (149,570 | ) |

Tax on profit/(loss) | (5,850 | ) | 36,729 |  |

Loss for the financial year | (3,792 | ) | (112,841 | ) |

HHG No11. Limited (Registered number: NI681689)

Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 6 | - |  | 5,920 |  |

Investments | 7 | 35,181,576 |  | 35,181,575 |  |

Investment property | 8 | 468,929 |  | 608,313 |  |

35,650,505 |  | 35,795,808 |  |

Current assets

Debtors | 9 | 985 |  | 1,141 |  |

Creditors

Amounts falling due within one year | 10 | 653,197 |  | 775,264 |  |

Net current liabilities | (652,212 | ) | (774,123 | ) |

Total assets less current liabilities | 34,998,293 |  | 35,021,685 |  |

Provisions for liabilities | - |  | 19,600 |  |

Net assets | 34,998,293 |  | 35,002,085 |  |

Capital and reserves

Called up share capital | 10,283,845 |  | 10,283,845 |  |

Retained earnings | 24,714,448 |  | 24,718,240 |  |

Shareholders' funds | 34,998,293 |  | 35,002,085 |  |

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

Mr P D E Gibson - Director

HHG No11. Limited (Registered number: NI681689)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | Statutory information

| The principal activity of the company during the year was that of property investment.

| The company is a private company, limited by shares and is registered in Northern Ireland, within the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

| The functional and presentation currency of the financial statements is the Pound sterling (£).

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 following accounting policies have been applied consistently unless otherwise stated.

| Going Concern

| The company's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. These include the company's cashflow, liquidity position and borrowing facilities. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The company meets its day to day working capital requirements through the group bank overdraft facilities.

| The directors are confident that the company has adequate resources to continue its normal business with the continued support of fellow group companies for the foreseeable future, and accordingly they continue to adopt the going concern basis in preparing the Directors' report and financial statements.

| Preparation of consolidated financial statements

| The financial statements contain information about HHG No11. Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Tangible fixed assets

| Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method. Land is not depreciated.

| Depreciation is provided on the following bases:

| Freehold property: |  |  | 2% straight line |  |

| Plant and machinery: |  |  | 12.5% straight line |  |

| Motor vehicles: |  |  | 25% reducing balance |  |

| Fixtures and fittings: |  |  | 12.5% straight line |  |

| Computer equipment: |  |  | 12.5% straight line |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

HHG No11. Limited (Registered number: NI681689)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | Accounting policies - continued

| Investment property

| Investment properties are stated at fair value. Changes in fair value are recognised in the Statement of Comprehensive Income. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

| Financial instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans from other parties and investments in ordinary shares.

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

| Investments in ordinary and preference shares are measured:

| - |  | at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; |  |

| - |  | at cost less impairment for all other investments. |  |

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

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of 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

| 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.

HHG No11. Limited (Registered number: NI681689)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | Accounting policies - continued

| Other operating income

| Investment income is accounted for when received.

| Debtors

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

| Creditors

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

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. | Critical accounting judgements and key sources of estimation uncertainty

| Preparation of the financial statements required the directors to make significant judgements and estimates. Key assumptions concerning the future and other key sources of estimation uncertainty at the Balance Sheet date, that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities with the next financial year are discussed below.

| Property valuation

| Investment properties are measured at revalued amount for financial reporting purposes, with the value of £468,929 at the Balance Sheet date (2024: £608,313). The fair value calculation utilised the current market value for the properties as determined by the Directors.

4. | Employees and directors

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

5. | Operating profit/(loss)

| The operating profit (2024 - operating loss) is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | (257 | ) | 257 |  |

HHG No11. Limited (Registered number: NI681689)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

6. | Tangible fixed assets

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 November 2024 | 6,177 |  |

| Additions | (6,177 | ) |

| At 31 October 2025 | - |  |

| Depreciation

| At 1 November 2024 | 257 |  |

| Charge for year | (257 | ) |

| At 31 October 2025 | - |  |

| Net book value

| At 31 October 2025 | - |  |

| At 31 October 2024 | 5,920 |  |

7. | Fixed asset investments

| Shares in

| group

| undertaking

£ |

| Cost

| At 1 November 2024 | 35,181,575 |  |

| Additions | 1 |  |

| At 31 October 2025 | 35,181,576 |  |

| Net book value

| At 31 October 2025 | 35,181,576 |  |

| At 31 October 2024 | 35,181,575 |  |

| Subsidiary undertakings

| The following are subsidiary undertakings of the company:

| Name |  | Country of Incorporation |  | Class of shares |  | Holding |  | Principal activity |  |

| HHG No.10 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Holding Company |  |

| William Hastings (Stormont) Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Dormant |  |

| William Hastings (Belfast) Limited * |  | United Kingdom |  | Ordinary |  | 100% |  | Property investment |  |

| * Investment held by a subsidiary undertaking.

| The registered office address of the above subsidiary undertakings is 1066 House, 587 Upper Newtownards Road, Belfast BT4 3LP.

HHG No11. Limited (Registered number: NI681689)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

8. | Investment property

| Total

£ |

| Fair value

| At 1 November 2024 | 608,313 |  |

| Additions | 10,616 |  |

| Disposals | (150,000 | ) |

| At 31 October 2025 | 468,929 |  |

| Net book value

| At 31 October 2025 | 468,929 |  |

| At 31 October 2024 | 608,313 |  |

| The fair value calculation utilised the current market value for the properties as determined by the Directors.

9. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other debtors | 985 |  | 1,141 |  |

10. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 8,623 |  |

| Amounts owed to group undertakings | 627,747 |  | 752,267 |  |

| Taxation and social security | 25,450 |  | 13,942 |  |

| Other creditors | - |  | 432 |  |

653,197 |  | 775,264 |  |

| Amounts owed to group undertakings are unsecured and repayable on demand. Balances of a trading nature are interest free. Interest is charged on balances which are financing in nature. The average interest rate payable in the year was 7.1% (2024: 7.7%).

11. | 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.

12. | Ultimate controlling party

| The ultimate controlling party is the Hastings Family.