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REGISTERED NUMBER: 08237579 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MEI PROPERTIES LIMITED

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MEI PROPERTIES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | J Bravo Mendez

| P M Nellemose

| REGISTERED OFFICE: | 16 South End

| Croydon

| Surrey

| CR0 1DN

| REGISTERED NUMBER: | 08237579 (England and Wales)

| ACCOUNTANTS: | Averillo & Associates

| Chartered Accountants

| 16 South End

| Croydon

| Surrey

| CR0 1DN

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 17,635 |  | 23,863 |  |

Investments | 5 | 571,564 |  | 571,564 |  |

Investment property | 6 | 11,210,000 |  | 11,210,000 |  |

11,799,199 |  | 11,805,427 |  |

CURRENT ASSETS

Debtors | 7 | 43,217 |  | 34,467 |  |

Cash at bank | 189,232 |  | 128,830 |  |

232,449 |  | 163,297 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,017,803 |  | 2,028,768 |  |

NET CURRENT LIABILITIES | (1,785,354 | ) | (1,865,471 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,013,845 |  | 9,939,956 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (7,998,591 | ) | (8,207,423 | ) |

PROVISIONS FOR LIABILITIES | (406,238 | ) | (406,238 | ) |

NET ASSETS | 1,609,016 |  | 1,326,295 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,608,916 |  | 1,326,195 |  |

SHAREHOLDERS' FUNDS | 1,609,016 |  | 1,326,295 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

BALANCE SHEET - continued

31 DECEMBER 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 30 April 2026 and were signed on its behalf by:

J Bravo Mendez - Director

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| MEI 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.

| Preparation of consolidated financial statements

| The financial statements contain information about MEI 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery etc | - | 20% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

| Investment property

| The company carries its investment property at fair value, with changes in fair value being recognised in profit and 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.

| 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.

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

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

| Furniture

| When a property is made available for letting, the cost of the furniture is capitalised and written off over five years. Subsequent purchases are written off as they are incurred.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 232,856 |  |

| DEPRECIATION

| At 1 January 2025 | 208,993 |  |

| Charge for year | 6,228 |  |

| At 31 December 2025 | 215,221 |  |

| NET BOOK VALUE

| At 31 December 2025 | 17,635 |  |

| At 31 December 2024 | 23,863 |  |

5. | FIXED ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Shares in group undertakings | 210,227 |  | 210,227 |  |

| Loans to group undertakings | 184,865 |  | 184,865 |  |

| Participating interests | 142,469 |  | 142,469 |  |

| Loans to undertakings in which the company has a participating interest | 34,003 |  | 34,003 |  |

571,564 |  | 571,564 |  |

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | FIXED ASSET INVESTMENTS - continued

| Additional information is as follows:

| Interest |

| Shares in |  | in other |

| group |  | participating |

| undertakings |  | interests |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 210,227 |  | 142,469 |  | 352,696 |  |

| NET BOOK VALUE

| At 31 December 2025 | 210,227 |  | 142,469 |  | 352,696 |  |

| At 31 December 2024 | 210,227 |  | 142,469 |  | 352,696 |  |

| Loans to |

| Loans to |  | other |

| group |  | participating |

| undertakings |  | interests |  | Totals

£ | £ | £ |

| At 1 January 2025

| and 31 December 2025 | 184,865 |  | 34,003 |  | 218,868 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 11,210,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 11,210,000 |  |

| At 31 December 2024 | 11,210,000 |  |

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2022 | 2,094,444 |  |

| Cost | 9,115,556 |  |

11,210,000 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 9,115,556 |  | 9,115,556 |  |

| The investment properties were valued on an open market basis basis on 31 December 2022 by the directors .

MEI PROPERTIES LIMITED (REGISTERED NUMBER: 08237579)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,096 |  | 26,514 |  |

| Other debtors | 41,121 |  | 7,953 |  |

43,217 |  | 34,467 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 1,571,649 |  | 1,775,827 |  |

| Trade creditors | 2,820 |  | 4,610 |  |

| Taxation and social security | 2,839 |  | 617 |  |

| Other creditors | 440,495 |  | 247,714 |  |

2,017,803 |  | 2,028,768 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 5,542,614 |  | 5,527,423 |  |

| Other creditors | 2,455,977 |  | 2,680,000 |  |

7,998,591 |  | 8,207,423 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Lloyds Bank | 5,582,614 |  | 5,579,963 |  |

| The loans are secured by a fixed charge over the freehold investment properties and by a floating charge over the assets of the company.

| The shareholder' s loans are unsecured and interest free.

11. | RELATED PARTY DISCLOSURES

| Mr P Nellemose is a partner in Averillo & Associates, chartered accountants who received directors fees and other professional fees totalling £13,200 (2024: £13,200) in respect of services provided. No amounts were outstanding at the end of the year.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr Jesus Bravo Mendez and members of his family.