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REGISTERED NUMBER: 02701844 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BONANZA PROPERTIES LIMITED

BONANZA PROPERTIES LIMITED (REGISTERED NUMBER: 02701844) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| BONANZA PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| Director: | Mr H Vogel

| Secretary: | Vistra Cosec Limited

| Registered office: | 7th Floor

| 50 Broadway

| London

| SW1H 0DB

| Registered number: | 02701844 (England and Wales)

BONANZA PROPERTIES LIMITED (REGISTERED NUMBER: 02701844) |

BALANCE SHEET

31 DECEMBER 2024

31/12/24 | 31/12/23 |

| Notes | € | €

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 6,350,000 |  | 6,940,085 |  |

6,350,000 |  | 6,940,085 |  |

CURRENT ASSETS

Debtors | 6 | 123,336 |  | - |  |

Investments | 7 | 903,842 |  | - |  |

Cash at bank | 159,525 |  | 72,886 |  |

1,186,703 |  | 72,886 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 8 | (5,226,488 | ) | (5,188,510 | ) |

NET CURRENT LIABILITIES | (4,039,785 | ) | (5,115,624 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,310,215 |  | 1,824,461 |  |

CAPITAL AND RESERVES

Called up share capital | 5,867,982 |  | 5,867,982 |  |

Retained earnings | (3,557,767 | ) | (4,043,521 | ) |

2,310,215 |  | 1,824,461 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 31 March 2026 and were signed by:

Mr H Vogel - Director

BONANZA PROPERTIES LIMITED (REGISTERED NUMBER: 02701844) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Bonanza 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.

| The company's functional and presentational currency is Euros and the financial statements have been rounded to the nearest Euro (€).

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.

| Revenue

| Revenue represents amounts receivable for rental income and is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

| Tangible fixed assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

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

| Plant and Machinery - 25% Straight line

| Investment property

| The investment properties are initially recognised at cost and subsequently measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

| Basic financial liabilities

| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

| Current asset investments

| Current asset investments comprise investments held for resale or expected to be realised within twelve months of the reporting date.

| Investments are initially recognised at transaction price. Subsequently, investments for which reliable fair value is available are measured at fair value, with changes in fair value recognised in profit or loss.

| 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.

BONANZA PROPERTIES LIMITED (REGISTERED NUMBER: 02701844) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Going concern

| These accounts have been prepared on the going concern basis. The company is dependent on the support of its shareholder in order to meet its working capital requirements. The shareholder has provided assurance that he will continue support the company for a period that exceeds twelve months from the date of approval of these financial statements. On the basis of this assurance the director believes that the company will continue to have sufficient funds in order to meet its financial liabilities as they fall due and that the going concern basis is appropriate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

4. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| €

| Cost

| At 1 January 2024 | 96 |  |

| Disposals | (96 | ) |

| At 31 December 2024 | - |  |

| Depreciation

| At 1 January 2024 | 96 |  |

| Eliminated on disposal | (96 | ) |

| At 31 December 2024 | - |  |

| Net book value

| At 31 December 2024 | - |  |

5. | INVESTMENT PROPERTY

Total |

| €

| Fair value

| At 1 January 2024 | 6,940,085 |  |

| Disposals | (1,400,000 | ) |

| Revaluations | 809,915 |  |

| At 31 December 2024 | 6,350,000 |  |

| Net book value

| At 31 December 2024 | 6,350,000 |  |

| At 31 December 2023 | 6,940,085 |  |

| The fair value is determined by the director and is based on an open market valuation basis.

| Fair value at 31 December 2024 is represented by:

| €

| Valuation in 2024 | 6,350,000 |  |

BONANZA PROPERTIES LIMITED (REGISTERED NUMBER: 02701844) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

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

31/12/24 | 31/12/23 |

| € | €

| Other debtors | 123,336 |  | - |  |

7. | CURRENT ASSET INVESTMENTS

31/12/24 | 31/12/23 |

| € | €

| Money market instrument | 903,842 |  | - |  |

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

31/12/24 | 31/12/23 |

| € | €

| Other creditors | 5,226,488 |  | 5,188,510 |  |