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REGISTERED NUMBER: 02886819 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS

| FOR THE YEAR ENDED 30 APRIL 2025

| FOR

| HILTON PROPERTIES LIMITED

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HILTON PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | Mrs S A Hilton

| P A Hilton

| REGISTERED OFFICE: | Unit 2 Raynham Road

| Bishop's Stortford

| Hertfordshire

| CM23 5PJ

| REGISTERED NUMBER: | 02886819 (England and Wales)

| ACCOUNTANTS: | Xeinadin South East Limited

| 5b Beckwith Barn

| Warren Estate

| Lordship Road

| Chelmsford

| Essex

| CM1 3WT

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

BALANCE SHEET

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 96,380 |  | 5,208 |  |

Investments | 6 | 1,746,075 |  | 45 |  |

Investment property | 7 | 40,846,342 |  | 39,541,393 |  |

42,688,797 |  | 39,546,646 |  |

CURRENT ASSETS

Stocks | 8 | 2,646,082 |  | 2,646,082 |  |

Debtors | 9 | 3,764,140 |  | 4,096,663 |  |

Cash at bank and in hand | 3,074,368 |  | 1,548,785 |  |

9,484,590 |  | 8,291,530 |  |

CREDITORS

Amounts falling due within one year | 10 | 5,387,447 |  | 5,097,413 |  |

NET CURRENT ASSETS | 4,097,143 |  | 3,194,117 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 46,785,940 |  | 42,740,763 |  |

CREDITORS

Amounts falling due after more than one year | 11 | (9,000,000 | ) | (6,939,018 | ) |

PROVISIONS FOR LIABILITIES | 12 | (5,900,029 | ) | (5,852,412 | ) |

NET ASSETS | 31,885,911 |  | 29,949,333 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 31,885,711 |  | 29,949,133 |  |

SHAREHOLDERS' FUNDS | 31,885,911 |  | 29,949,333 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

BALANCE SHEET - continued

30 APRIL 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 31 March 2026 and were signed on its behalf by:

P A Hilton - Director

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Hilton 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 presentation currency of the financial statements is the Pound Sterling (£).

| Amounts in the financial statements have been rounded to the nearest Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is recognised over the lease term of the investment properties net of VAT and discounts.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also 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.

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| 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.

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 May 2024 | 60,753 |  |

| Additions | 99,295 |  |

| At 30 April 2025 | 160,048 |  |

| DEPRECIATION

| At 1 May 2024 | 55,545 |  |

| Charge for year | 8,123 |  |

| At 30 April 2025 | 63,668 |  |

| NET BOOK VALUE

| At 30 April 2025 | 96,380 |  |

| At 30 April 2024 | 5,208 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 May 2024 | 45 |  |

| Additions | 1,746,030 |  |

| At 30 April 2025 | 1,746,075 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,746,075 |  |

| At 30 April 2024 | 45 |  |

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 39,541,393 |  |

| Additions | 1,096,935 |  |

| Revaluations | 208,014 |  |

| At 30 April 2025 | 40,846,342 |  |

| NET BOOK VALUE

| At 30 April 2025 | 40,846,342 |  |

| At 30 April 2024 | 39,541,393 |  |

| The fair value of the investment property has been arrived at on the basis of a calculation carried out by the directors of the company at the closing of the financial year. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2016 | 3,084,865 |  |

| Valuation in 2017 | 1,292,559 |  |

| Valuation in 2018 | 793,026 |  |

| Valuation in 2020 | 1,532,319 |  |

| Valuation in 2021 | 7,728,530 |  |

| Valuation in 2022 | 8,905,189 |  |

| Valuation in 2024 | 340,480 |  |

| Valuation in 2025 | 208,014 |  |

| Cost | 16,961,360 |  |

40,846,342 |  |

8. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 2,646,082 |  | 2,646,082 |  |

9. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 14,761 |  | 39,225 |  |

| Other debtors | 3,714,379 |  | 4,057,438 |  |

3,729,140 |  | 4,096,663 |  |

| Amounts falling due after more than one year:

| Other debtors | 35,000 |  | - |  |

| Aggregate amounts | 3,764,140 |  | 4,096,663 |  |

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 681,357 |  | 350,757 |  |

| Amounts owed to group undertakings | 45 |  | 45 |  |

| Taxation and social security | 291,691 |  | 342,193 |  |

| Other creditors | 4,414,354 |  | 4,404,418 |  |

5,387,447 |  | 5,097,413 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 9,000,000 |  | 6,939,018 |  |

| Bank borrowings are secured by way of fixed and floating charges over the company's freehold properties. The charges are also held over Mr & Mrs Hilton's personally owned property. The company has also given an unlimited cross guarantee to support the bank facilities made available to Hilton Limited. a company which Mr & Mrs Hilton are directors and controlling shareholders.

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 5,900,029 |  | 5,852,412 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 5,852,412 |  |

| Charge to Income Statement during year | 47,617 |  |

| Balance at 30 April 2025 | 5,900,029 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year, a loan was provided to the company by the directors. The amount owed by the company to the directors as at the balance sheet date was £1,126,636 (2024: £1,826,637).

14. | RELATED PARTY DISCLOSURES

| A loan was provided to the company by Hilton Limited, a connected company. The balance owed by the company at 30 April 2025 was £2,965,074 (2024: £2,337,638).

| During the year, a loan was provided by the company to Hilton & Moss Sportscars Limited, a connected company. The amount owed by Hilton & Moss Sportscars Limited at 30 April 2025 was £3,377,997 (2024: £2,822,997).

| A loan continued to be provided by the company to Russell Property (Stansted) Limited, a connected company. The balance owed by Russell Property (Stansted) Limited at 30 April 2025 was £24,955 (2024: £24,955).

HILTON PROPERTIES LIMITED (REGISTERED NUMBER: 02886819) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

15. | ULTIMATE CONTROLLING PARTY

| The company is controlled by Mr P Hilton and Mrs S Hilton by virtue of their majority holding of the issued share capital.

16. | OPERATING LEASE COMMITMENTS

| Lessor

| At the reporting end date the company had contracted tenants for the following minimum lease payments:

| 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| 4,590,965 |  |  | 5,227,006 |  |