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REGISTERED NUMBER: 02153180 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Galvestones Limited |

| Galvestones Limited (Registered number: 02153180) |

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 |

| Galvestones Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | C D Porter

| SECRETARY: | Mrs P M Porter

| REGISTERED OFFICE: | 6 Exmouth Road

| Southsea

| Hampshire

| PO5 2QL

| REGISTERED NUMBER: | 02153180 (England and Wales)

| ACCOUNTANTS: | Hughes Spencer

| 12 Acorn Business Park

| Northarbour Road

| Portsmouth

| Hampshire

| PO6 3TH

| Galvestones Limited (Registered number: 02153180) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 14,487 |  | 19,217 |  |

Investment property | 6 | 2,007,332 |  | 2,007,332 |  |

2,021,819 |  | 2,026,549 |  |

CURRENT ASSETS

Debtors | 7 | 21,125 |  | 19,768 |  |

Prepayments and accrued income | 4,520 |  | 2,901 |  |

Cash at bank | 219,160 |  | 274,719 |  |

244,805 |  | 297,388 |  |

CREDITORS

Amounts falling due within one year | 8 | 81,695 |  | 192,000 |  |

NET CURRENT ASSETS | 163,110 |  | 105,388 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,184,929 |  | 2,131,937 |  |

PROVISIONS FOR LIABILITIES | 198,824 |  | 200,006 |  |

NET ASSETS | 1,986,105 |  | 1,931,931 |  |

CAPITAL AND RESERVES

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

Non distributable retained

| earnings | 792,740 |  | 792,740 |  |

Profit and loss account | 1,183,365 |  | 1,129,191 |  |

SHAREHOLDERS' FUNDS | 1,986,105 |  | 1,931,931 |  |

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 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.

| Galvestones Limited (Registered number: 02153180) |

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 director and authorised for issue on 30 April 2026 and were signed by:

C D Porter - Director

| Galvestones Limited (Registered number: 02153180) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Galvestones 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.

| Turnover

| Turnover represents property development sales and rental income.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been amortised over its estimated useful life of 1 year.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 33% on cost, 25% on reducing balance and 10% on reducing balance

| 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.

| 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.

| Investment properties

| The treatment of investment properties is compliant with FRSSE p6.50. Compliance with FRSSE p6.50 is a departure from the Companies Act 2006 necessary to give a true and fair view.

| Galvestones Limited (Registered number: 02153180) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 1 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 44,785 |  |

| DEPRECIATION

| At 1 January 2025 | 25,568 |  |

| Charge for year | 4,730 |  |

| At 31 December 2025 | 30,298 |  |

| NET BOOK VALUE

| At 31 December 2025 | 14,487 |  |

| At 31 December 2024 | 19,217 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 2,007,332 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,007,332 |  |

| At 31 December 2024 | 2,007,332 |  |

| Galvestones Limited (Registered number: 02153180) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2008 | 329,491 |  |

| Valuation in 2010 | 182,034 |  |

| Valuation in 2012 | (18,576 | ) |

| Valuation in 2013 | 355,297 |  |

| Valuation in 2014 | (128,731 | ) |

| Valuation in 2015 | (226,573 | ) |

| Valuation in 2016 | 100,000 |  |

| Valuation in 2020 | 195,000 |  |

| Valuation in 2021 | 50,000 |  |

| Valuation in 2023 | 150,000 |  |

| Cost | 1,019,390 |  |

2,007,332 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 1,019,390 |  | 1,019,390 |  |

| The investment properties were valued on an open market basis on 31 December 2025 by the company director .

| If the investment properties were to be sold at this valuation there would be a liability in respect of a chargeable gain amounting to £195,202 (2024 £195,202)

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

2025 | 2024 |

£ | £ |

| Trade debtors | 802 |  | 1,443 |  |

| Other debtors | 20,323 |  | 18,325 |  |

21,125 |  | 19,768 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 14,104 |  | 11,002 |  |

| Other creditors | 67,591 |  | 180,998 |  |

81,695 |  | 192,000 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| C D Porter, a director and shareholder, and Mrs P M Porter received rent from the company amounting to £3,120.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties are C D Porter and Mrs P M Porter by virtue of their shareholdings.