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REGISTERED NUMBER: 12080551 (England and Wales)

Otendal Property Investments Ltd

Unaudited Financial Statements

for the Year Ended 30 July 2025

| Otendal Property Investments Ltd (Registered number: 12080551) |

Contents of the Financial Statements

for the Year Ended 30 July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Otendal Property Investments Ltd |

Company Information

for the Year Ended 30 July 2025

| DIRECTORS: | Mr U Otendal

| Mr M Otendal

| REGISTERED OFFICE: | Suite 22c City Tower

| Piccadilly Plaza

| Manchester

| United Kingdom

| M1 4BT

| REGISTERED NUMBER: | 12080551 (England and Wales)

| Otendal Property Investments Ltd (Registered number: 12080551) |

Balance Sheet

30 July 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 836,856 |  | 837,384 |  |

CURRENT ASSETS

Debtors | 6 | 241,444 |  | 225,000 |  |

Cash at bank | 12,107 |  | 1,858 |  |

253,551 |  | 226,858 |  |

CREDITORS

Amounts falling due within one year | 7 | (394,352 | ) | (414,757 | ) |

NET CURRENT LIABILITIES | (140,801 | ) | (187,899 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 696,055 |  | 649,485 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (560,282 | ) | (550,010 | ) |

PROVISIONS FOR LIABILITIES | (47,444 | ) | (47,444 | ) |

NET ASSETS | 88,329 |  | 52,031 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 10,000 |  | 10,000 |  |

Revaluation reserve | 11 | 142,332 |  | 142,332 |  |

Retained earnings | (64,003 | ) | (100,301 | ) |

SHAREHOLDERS' FUNDS | 88,329 |  | 52,031 |  |

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

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

| Otendal Property Investments Ltd (Registered number: 12080551) |

Balance Sheet - continued

30 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

Mr U Otendal - Director

| Otendal Property Investments Ltd (Registered number: 12080551) |

Notes to the Financial Statements

for the Year Ended 30 July 2025

1. | GENERAL INFORMATION

| The company is a private company limited by share capital, incorporated in England and Wales.

| The address of its registered office is:

| Suite 22c City Tower

| Piccadilly Plaza

| Manchester

| United Kingdom

| M1 4BT

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. | ACCOUNTING POLICIES

| BASIS OF PREPARATION

| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES

| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

| GOING CONCERN

| The financial statements have been prepared on a going concern basis on the assumption of continual support of the directors.

| REVENUE RECOGNITION

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| TANGIBLE ASSETS

| Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| Otendal Property Investments Ltd (Registered number: 12080551) |

Notes to the Financial Statements - continued

for the Year Ended 30 July 2025

3. | ACCOUNTING POLICIES - continued

| DEPRECIATION

| Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

| Asset class |  | Depreciation method and rate |  |

| Computer Equipment |  | 20% Written Down Value |  |

| CASH AND CASH EQUIVALENTS

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| TRADE DEBTORS

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| TRADE CREDITORS

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| BORROWINGS

| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

| Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

| SHARE CAPITAL

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. | EMPLOYEES AND DIRECTORS

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

| Otendal Property Investments Ltd (Registered number: 12080551) |

Notes to the Financial Statements - continued

for the Year Ended 30 July 2025

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Computer |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 31 July 2024

| and 30 July 2025 | 834,742 |  | 4,129 |  | 838,871 |  |

| DEPRECIATION

| At 31 July 2024 | - |  | 1,487 |  | 1,487 |  |

| Charge for year | - |  | 528 |  | 528 |  |

| At 30 July 2025 | - |  | 2,015 |  | 2,015 |  |

| NET BOOK VALUE

| At 30 July 2025 | 834,742 |  | 2,114 |  | 836,856 |  |

| At 30 July 2024 | 834,742 |  | 2,642 |  | 837,384 |  |

| Cost or valuation at 30 July 2025 is represented by:

| Freehold |  | Computer |

| property |  | equipment |  | Totals

£ | £ | £ |

| Cost | 834,742 |  | 4,129 |  | 838,871 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors- Morecambe Bay Construction LTD | 225,000 |  | 225,000 |  |

| Directors' current accounts | 16,444 |  | - |  |

241,444 |  | 225,000 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 84 |  | 83 |  |

| Directors' current accounts | 391,958 |  | 412,514 |  |

| Accruals | 2,310 |  | 2,160 |  |

394,352 |  | 414,757 |  |

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

2025 | 2024 |

£ | £ |

| Other loans (see note 9) | 560,282 |  | 550,010 |  |

| Otendal Property Investments Ltd (Registered number: 12080551) |

Notes to the Financial Statements - continued

for the Year Ended 30 July 2025

9. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due between one and two years:

| Other Loans- HTB | 270,526 |  | 260,240 |  |

| HTB Loan Re: Albert Rd & Thornton Rd | 269,198 |  | 269,212 |  |

| Louise Otendal | 20,558 |  | 20,558 |  |

560,282 |  | 550,010 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10,000 | Ordinary share | 1 | 10,000 |  | 10,000 |  |

11. | RESERVES

| Revaluation

| reserve

£ |

| At 31 July 2024

| and 30 July 2025 | 142,332 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 July 2025 and 30 July 2024:

2025 | 2024 |

£ | £ |

| Mr M Otendal

| Balance outstanding at start of year | (20,556 | ) | (77,056 | ) |

| Amounts advanced | 37,000 |  | 56,500 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 16,444 |  | (20,556 | ) |