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REGISTERED NUMBER: 03734230 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

EFFERRE PROPERTIES LIMITED

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| EFFERRE PROPERTIES LIMITED |

COMPANY INFORMATION

for the Year Ended 30 June 2025

| DIRECTOR: | T Pringle Perlino

| REGISTERED OFFICE: | 10 London Mews

| Paddington

| London

| ENGLAND

| W2 1HY

| REGISTERED NUMBER: | 03734230 (England and Wales)

| ACCOUNTANTS: | Stein Richards

| Chartered Accountants

| 10 London Mews

| Paddington

| LONDON

| W2 1HY

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230) |

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | € | € | € | € |

FIXED ASSETS

Investments | 4 | 570,250 |  | 570,250 |  |

Investment properties | 5 | 2,971,733 |  | 3,429,754 |  |

3,541,983 |  | 4,000,004 |  |

CURRENT ASSETS

Debtors | 6 | 2,627,890 |  | 2,831,860 |  |

Prepayments and accrued income | 1,350 |  | 940 |  |

Cash at bank | 60,706 |  | 58,025 |  |

2,689,946 |  | 2,890,825 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,992,214 |  | 5,458,547 |  |

NET CURRENT LIABILITIES | (2,302,268 | ) | (2,567,722 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,239,715 |  | 1,432,282 |  |

PROVISIONS FOR LIABILITIES | 8 | 206,250 |  | 215,093 |  |

NET ASSETS | 1,033,465 |  | 1,217,189 |  |

CAPITAL AND RESERVES

Called up share capital | 775,000 |  | 775,000 |  |

Share premium | 9 | 165,500 |  | 165,500 |  |

Retained earnings | 9 | 92,965 |  | 276,689 |  |

SHAREHOLDERS' FUNDS | 1,033,465 |  | 1,217,189 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230) |

STATEMENT OF FINANCIAL POSITION - continued

30 June 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 director and authorised for issue on 20 March 2026 and were signed by:

T Pringle Perlino - Director

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Efferre Properties 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going concern

| The financial statements have been prepared on a going concern basis as the director believes that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months from the approval of these accounts.

| Preparation of consolidated financial statements

| The financial statements contain information about Efferre Properties 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.

| 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

| Turnover is in respect of rental income and is recognised on a straight line basis over the terms of the leases.

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| Investment properties

| In accordance with FRS102, Section 1A, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties are transferred to the profit and loss account.

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

| The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

| 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 statement of financial position date.

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on that date. Transactions in the accounting period have arisen in euros with the exception of the Share Capital which has been converted at the rate of exchange of €1.55 to £1 sterling. The Share Capital is therefore a sterling debt of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

€ | € | € |

| COST

| At 1 July 2024

| and 30 June 2025 | 18,000 |  | 552,250 |  | 570,250 |  |

| NET BOOK VALUE

| At 30 June 2025 | 18,000 |  | 552,250 |  | 570,250 |  |

| At 30 June 2024 | 18,000 |  | 552,250 |  | 570,250 |  |

5. | INVESTMENT PROPERTIES

| Total

€ |

| FAIR VALUE

| At 1 July 2024 | 3,429,754 |  |

| Disposals | (422,648 | ) |

| Revaluations | (35,373 | ) |

| At 30 June 2025 | 2,971,733 |  |

| NET BOOK VALUE

| At 30 June 2025 | 2,971,733 |  |

| At 30 June 2024 | 3,429,754 |  |

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

5. | INVESTMENT PROPERTIES - continued

| Fair value at 30 June 2025 is represented by:

€ |

| Valuation in 2011 | 825,000 |  |

| Valuation in 2024 | 35,373 |  |

| Valuation in 2025 | (35,373 | ) |

| Cost | 2,146,733 |  |

2,971,733 |  |

| Investment properties were valued on an open market basis on 30 June 2025 by the director of the company.

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

| 30.6.25 |  | 30.6.24

€ | € |

| Amounts owed by group undertakings | 2,536,497 |  | 2,741,860 |  |

| Amounts owed by associates | 90,000 |  | 90,000 |  |

| Other debtors | 1,393 |  | - |  |

2,627,890 |  | 2,831,860 |  |

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

| 30.6.25 |  | 30.6.24

€ | € |

| Trade creditors | - |  | 1,843 |  |

| Other creditors | 4,992,214 |  | 5,456,704 |  |

4,992,214 |  | 5,458,547 |  |

8. | PROVISIONS FOR LIABILITIES

| The deferred tax provision of €206,250 (2024: €215,093 ) relates to the revaluation of an investment property to its fair value. This represents the estimated tax liability that would arise should the property be sold at its carrying value at the balance sheet date.

9. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

€ | € | € |

| At 1 July 2024 | 276,689 |  | 165,500 |  | 442,189 |  |

| Deficit for the year | (183,724 | ) | (183,724 | ) |

| At 30 June 2025 | 92,965 |  | 165,500 |  | 258,465 |  |

| The company has no distributable reserves for the current and previous year.

10. | RELATED PARTY DISCLOSURES

| Included in other creditors is an interest free loan of €4,973,025 (2024: €5,331,422) owed to a company in which the director has a material interest.