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REGISTERED NUMBER: 01603119 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

ALWYD LIMITED

ALWYD LIMITED (Registered number: 01603119)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

ALWYD LIMITED

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | B.D. Stroh

| S.B. Stroh

| SECRETARY: | B.D. Stroh

| REGISTERED OFFICE: | 357 City Road

| London

| EC1V 1LR

| REGISTERED NUMBER: | 01603119 (England and Wales)

| AUDITORS: | Purcells

| Statutory Auditors

| Chartered Accountants

| 4 Quex Road

| London

| NW6 4PJ

ALWYD LIMITED (Registered number: 01603119)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 7,704,155 |  | 5,878,885 |  |

Investments | 5 | 92,413 |  | 92,413 |  |

7,796,568 |  | 5,971,298 |  |

CURRENT ASSETS

Debtors | 6 | 4,987,076 |  | 5,791,666 |  |

Cash at bank | 90,327 |  | 54,122 |  |

5,077,403 |  | 5,845,788 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,477,562 |  | 2,076,869 |  |

NET CURRENT ASSETS | 2,599,841 |  | 3,768,919 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,396,409 |  | 9,740,217 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 1,260,000 |  | 2,098,129 |  |

NET ASSETS | 9,136,409 |  | 7,642,088 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 9 | 1,175,156 |  | 1,175,156 |  |

Retained earnings | 7,961,153 |  | 6,466,832 |  |

SHAREHOLDERS' FUNDS | 9,136,409 |  | 7,642,088 |  |

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 24 March 2026 and were signed on its behalf by:

B.D. Stroh - Director

ALWYD LIMITED (Registered number: 01603119)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| ALWYD 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.

| Tangible fixed assets and depreciation

| The freehold and long leasehold (over 20 years) investment properties are stated at market value and any surplus on revaluation is credited to the revaluation reserve. This treatment is a departure from the Companies Act 2006 concerning the depreciation of tangible fixed assets, which is necessary to give a true and fair view. It is not practicable to quantify the amount which might otherwise have been shown.

| Motor vehicles and fixtures and fittings are stated at cost less depreciation. Depreciation is provided to write off the assets over their expected useful lives, as follows:

| Motor vehicles - 20% on a straight line basis

| Fixtures and fittings - 20% on a reducing balance basis

| Investments

| Fixed asset investments are stated at cost less provision for permanent diminution in value.

| Lease purchase

| Assets acquired under lease purchase contracts are capitalised as tangible fixed assets and depreciated over the expected useful lives of the assets concerned.

| Foreign currency translation

| Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. All differences are dealt with in the profit and loss account.

ALWYD LIMITED (Registered number: 01603119)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Deferred taxation

| 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 the 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 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.

| Investment property

| Investment property is shown at its most recent valuation which is provided by the Directors, who have many years of experience in the local property market and whose valuation would be as accurate as any third party. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss of property.

| Disposal of investment properties

| The surplus or deficit over the revalued amount of investment properties will be disclosed in the profit and loss account in the year of sale. The previously unrealised difference between historical cost and the revaluation figure is disclosed in note 5 to the financial statements (fixed assets).

| Consolidation

| Consolidated statements have not been prepared as they are not required by the Directors' and other key stakeholders.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Fixtures |

| investment |  | and |  | Motor |

| properties |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 5,874,940 |  | 85,300 |  | 106,220 |  | 6,066,460 |  |

| Fair value adjustment | 1,826,060 |  | - |  | - |  | 1,826,060 |  |

| At 31 March 2025 | 7,701,000 |  | 85,300 |  | 106,220 |  | 7,892,520 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 81,355 |  | 106,220 |  | 187,575 |  |

| Charge for year | - |  | 790 |  | - |  | 790 |  |

| At 31 March 2025 | - |  | 82,145 |  | 106,220 |  | 188,365 |  |

| NET BOOK VALUE

| At 31 March 2025 | 7,701,000 |  | 3,155 |  | - |  | 7,704,155 |  |

| At 31 March 2024 | 5,874,940 |  | 3,945 |  | - |  | 5,878,885 |  |

| The freehold investment properties were valued on 31 March 2025 by Messrs B D Stroh and S B Stroh, directors of the company, on the basis of their knowledge of the local property market. If they were not included at valuation they would be included under the historical cost convention at their original cost of £8,341,451.

ALWYD LIMITED (Registered number: 01603119)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

|  | 31.3.25 |  | 31.3.24 |  |

|  | £ |  | £ |  |

| Investment in subsidiaries at cost |  | 92,413 |  | 92,413 |  |

| The company has the following wholly-owned subsidiaries which are incorporated in Great Britain and whose results and financial position, as extracted from their audited financial statements, are as follows:

|  | Profit/ (loss for the year ended | ) | Aggregate capital and reserves at |

|  | 31.3.25 |  | 31.3.25 |

|  | £ |  | £ |

| Limaglen Limited (property investment) |  | 1,147,301 |  | 3,773,294 |

| Peakquote Limited (property investment) |  | 47,763 |  | 676,514 |

| Rightstock Limited (property investment) |  | 3,521,523 |  | 5,563,591 |

| Tarivale Properties Limited (property investment) |  | 258,644 |  | 190,445 |

6. | DEBTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due within one year:

| Amount due from related

| companies | 1,204,985 |  | 1,310,737 |  |

| Other debtors | 895,427 |  | 884,157 |  |

2,100,412 |  | 2,194,894 |  |

| Amounts falling due after more than one year:

| Amount due from subsidiaries | 2,886,664 |  | 3,596,772 |  |

| Aggregate amounts | 4,987,076 |  | 5,791,666 |  |

| Included in other debtors, is a deferred tax asset of £772,364 (2024- £780,914).

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amount due to subsidiaries | 336,084 |  | - |  |

| Bank loans (secured) | 110,000 |  | 288,000 |  |

| Amount due to related

| companies | 1,351,736 |  | 1,010,743 |  |

| Corporation tax | (49,701 | ) | 106,999 |  |

| Other taxes and

| social security | 50,068 |  | 50,461 |  |

| Directors current account | (232,564 | ) | 1,462 |  |

| Other creditors and

| accrued charges | 911,939 |  | 619,204 |  |

2,477,562 |  | 2,076,869 |  |

| Included in other creditors , is a provision for deferred tax of £395,275, (2024- £78,120).

ALWYD LIMITED (Registered number: 01603119)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans, repayable

| by instalments, (secured)

| - repayable in 2 to 5 years | 1,260,000 |  | 2,098,129 |  |

1,260,000 |  | 2,098,129 |  |

| The bank loans are secured by a fixed and floating charge over the assets of the company and a guarantee from the subsidiary company, Peakquote Limited, and by corporate cross-guarantees. The bank overdraft is guaranteed by group and related companies.

9. | RESERVES

|  | Fair Value reserve |  |

| £ |  |

| Balance at 1 April 2024 |  | 1,175,156 |  |

| Fair Value adjustment |  | (- | ) |

| Balance at 31 March 2025 |  | 1,175,156 |  |

| Retained earnings: |  | 31.3.25 |  | 31.3.24 |

|  | £ |  | £ |

| Balance at 1 April 2024/ 1 April 2023 |  | 6,466,832 |  | 6,754,302 |

| Net (Loss)/Profit |  | 1,494,321 |  | (132,470 | )

| Dividends |  | - |  | (155,000 | )

| Balance at 31 March 2025/ 31 March 2024 |  | 7,961,153 |  | 6,466,832 |

| In accordance with FRS102, the company has assessed the extent to which its reserves are realised. At 31 March 2025, total reserves and retained earnings were £9,136,309, including unrealised losses on investment properties of £880,451,which are not distributable, together with a related deferred tax asset of £377,089. This results in a net non-distributable deficit of £503,361 and realised profits available for distribution of £9,639,670.

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Auditors' Report was unqualified.

| D.Zaroovabeli, B.Sc. (Econ.) BFP F.C.A. (Senior Statutory Auditor)

| for and on behalf of Purcells

11. | CONTROLLING PARTY

| The company is controlled by the directors Messrs. B.D. and S.B. Stroh.

12. | RELATED PARTY TRANSACTIONS

| i) At the balance sheet date the company had made interest-free loans of £2,886,664 to its subsidiaries.

| ii) At the balance sheet date other companies controlled by the Stroh family owed the company £1,204,895 and were owed £1,351,735 by the company.

ALWYD LIMITED (Registered number: 01603119)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

13. | CONTINGENT LIABILITIES

| i) Corporate cross guarantees have been give to Svenska Handelsbanken AB (publ) by the company, other group companies and a related company, Rosh Zal Limited.

| ii) The company is party to an agreement with HSBC Bank plc, entered into by other group companies and eight related companies, under the terms of which a joint facility has been arranged and all the companies cross-guarantee the net overdraft.

| iii) The company has guaranteed a bank loan to one of its subsidiaries, Limaglen Limited, for £118,479, respectively.