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REGISTERED NUMBER: 15879966 (England and Wales)

| TURNQUAY WHARF LTD |

| FINANCIAL STATEMENTS |

| FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025 |

| TURNQUAY WHARF LTD (REGISTERED NUMBER: 15879966) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| TURNQUAY WHARF LTD |

COMPANY INFORMATION

FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025

| DIRECTORS: | R H Allan

| G R J Walker

| C E T A Weston-Baker

| SECRETARY: | M Subs Limited

| REGISTERED OFFICE: | 40 - 42 Sisna Park Road

| Plymouth

| Devon

| PL6 7FH

| REGISTERED NUMBER: | 15879966 (England and Wales)

| AUDITORS: | WP Audit Services LLP

| Chartered Accountant & Statutory Auditor

| Chancery House

| 30 St Johns Road

| Woking

| Surrey

| GU21 7SA

| TURNQUAY WHARF LTD (REGISTERED NUMBER: 15879966) |

BALANCE SHEET

31 DECEMBER 2025

| Notes | £ | £ |

| FIXED ASSETS

| Investment property | 5 | 947,840 |  |

| CURRENT ASSETS

| Debtors | 6 | 1,570 |  |  |

| Cash at bank | 3,457 |  |  |

5,027 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 61,397 |  |

| NET CURRENT LIABILITIES | (56,370 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 891,470 |  |

| CREDITORS

| Amounts falling due after more than one year | 8 | 955,188 |  |

| NET LIABILITIES | (63,718 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 4 |  |

| Retained earnings | (63,722 | ) |

(63,718 | ) |

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 4 May 2026 and were signed on its behalf by:

G R J Walker - Director

| TURNQUAY WHARF LTD (REGISTERED NUMBER: 15879966) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Turnquay Wharf Ltd 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 (£).

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. At the balance sheet date, the company reported a loss for the year and net current liabilities however the company is in progress of renovating a property and once this is complete the directors expect to generate revenues and profits from the renting out of this property. Based on this the directors consider it appropriate to prepare the financial statements on a going concern basis.

| Investment property

| Investment property is initially recorded at cost. Whilst under renovation the property is held at initial cost plus the cost of capital elements of the renovation work. Once the works have been completed and the property is ready for rental, the property will be valued and will be subsequently held at valuation.

| Any uplifts or impairments to valuation will be reflected in the Profit and Loss Account each year.

| Impairment of Assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss if recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the assets in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised costs using the effective interest method.

| Taxation

| Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

| Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

| Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

| Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

| The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

| TURNQUAY WHARF LTD (REGISTERED NUMBER: 15879966) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025

3. | ACCOUNTING POLICIES - continued

| Provisions for liabilities

| Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 4 .

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 947,840 |  |

| At 31 December 2025 | 947,840 |  |

| NET BOOK VALUE

| At 31 December 2025 | 947,840 |  |

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

£ |

| Other debtors | 1,570 |  |

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

£ |

| Trade creditors | 1,164 |  |

| Other creditors | 60,233 |  |

61,397 |  |

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

£ |

| Other creditors | 955,188 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 955,188 |  |

| There are other loans shown as due in more than one year amounting to £955,188. These are loans owed to the two shareholder companies, who are funding the property purchase and renovation work. The loans are not repayable until 30 September 2034, and incur interest at the bank of England base rate. The loans are unsecured.

| TURNQUAY WHARF LTD (REGISTERED NUMBER: 15879966) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025

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

| The Report of the Auditors was unqualified.

| Stephanie Williams (Senior Statutory Auditor)

| for and on behalf of WP Audit Services LLP

10. | RELATED PARTY DISCLOSURES

| Shareholders of the company made payments to Turnquay Wharf Ltd of £12,312, and purchased land and property on behalf of Turnquay Wharf Ltd for £890,607. Interest has been charged in the period amounting to £52,271 on the loans provided. The balance outstanding at the period end was £955,188, which is shown within other loans due in more than five years.

| In addition, the shareholders incurred costs on behalf of the company of £57,233, which have been included in accruals.

11. | IMMEDIATE PARENT UNDERTAKING

| Turnquay Wharf Ltd is a subsidiary undertaking of M Subs Ltd (reg no: 05874602), who owns 75% of the share capital and prepares consolidated financial statements, which are available at Companies House, Crown Way, Cardiff, CF14 3UZ.

12. | OPTION AGREEMENT

| The company has pre-emption rights to purchase additional land and property, at market value, in the vicinity of the currently owned property. The price paid for these rights was £1. The agreement offers the company first refusal at purchase, but does not obligate them to buy the property.