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REGISTERED NUMBER: 11442915 (England and Wales)

| LYON HOLDINGS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Chartered Certified Accountants' Report | 8 |

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 30,521 |  | 41,608 |  |

Investments | 5 | 6,202 |  | - |  |

Investment property | 6 | 3,815,770 |  | 3,803,770 |  |

3,852,493 |  | 3,845,378 |  |

CURRENT ASSETS

Debtors | 7 | 875,849 |  | 917,049 |  |

Cash at bank | 81,134 |  | - |  |

956,983 |  | 917,049 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,706,463 |  | 3,762,012 |  |

NET CURRENT LIABILITIES | (2,749,480 | ) | (2,844,963 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,103,013 |  | 1,000,415 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 1,775,635 |  | 1,675,405 |  |

NET LIABILITIES | (672,622 | ) | (674,990 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (672,623 | ) | (674,991 | ) |

(672,622 | ) | (674,990 | ) |

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

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

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

BALANCE SHEET - continued

31 MAY 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 director and authorised for issue on 5 May 2026 and were signed by:

C Lyon - Director

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Lyon Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 11442915

| Registered office: | 7-8 Portmill Lane

| Hitchin

| Hertfordshire

| SG5 1DJ

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

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| 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.

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Going concern

| The director is of the opinion that it is appropriate to prepare the accounts on a going concern basis. The company has continued to meet its obligations since the balance sheet date and the director has agreed adequate facilities with the company bankers and appropriate payment terms with all major creditors. The director has also pledged his continued support for the foreseeable future.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 87,500 |  | 4,795 |  | 92,295 |  |

| DEPRECIATION

| At 1 June 2024 | 49,480 |  | 1,207 |  | 50,687 |  |

| Charge for year | 9,505 |  | 1,582 |  | 11,087 |  |

| At 31 May 2025 | 58,985 |  | 2,789 |  | 61,774 |  |

| NET BOOK VALUE

| At 31 May 2025 | 28,515 |  | 2,006 |  | 30,521 |  |

| At 31 May 2024 | 38,020 |  | 3,588 |  | 41,608 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 87,500 |  |

| DEPRECIATION

| At 1 June 2024 | 49,480 |  |

| Charge for year | 9,505 |  |

| At 31 May 2025 | 58,985 |  |

| NET BOOK VALUE

| At 31 May 2025 | 28,515 |  |

| At 31 May 2024 | 38,020 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| Additions | 6,202 |  |

| At 31 May 2025 | 6,202 |  |

| NET BOOK VALUE

| At 31 May 2025 | 6,202 |  |

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024 | 3,803,770 |  |

| Disposals | (6,000 | ) |

| Revaluations | 18,000 |  |

| At 31 May 2025 | 3,815,770 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,815,770 |  |

| At 31 May 2024 | 3,803,770 |  |

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2024 | 694,000 |  |

| Valuation in 2025 | 18,000 |  |

| Cost | 3,103,770 |  |

3,815,770 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 5,400 |  | 4,000 |  |

| Amounts owed by group undertakings | 785,454 |  | 892,344 |  |

| Other debtors | 84,995 |  | 20,705 |  |

875,849 |  | 917,049 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 36,180 |  | 61,215 |  |

| Hire purchase contracts | 15,934 |  | 19,672 |  |

| Trade creditors | 3,947 |  | - |  |

| Amounts owed to group undertakings | - |  | 2 |  |

| Taxation and social security | - |  | 600 |  |

| Other creditors | 3,650,402 |  | 3,680,523 |  |

3,706,463 |  | 3,762,012 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 1,768,010 |  | 1,667,780 |  |

| Hire purchase contracts | 7,625 |  | 7,625 |  |

1,775,635 |  | 1,675,405 |  |

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,804,190 |  | 1,728,995 |  |

11. | ULTIMATE CONTROLLING PARTY

| Parent & Ultimate Parent Company

| Lyon Investments Limited is regarded by the director as being the ultimate parent company.

| Ultimate Controlling Party

| C Lyon is the ultimate controlling party by virtue of his shareholding.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

LYON HOLDINGS LIMITED (REGISTERED NUMBER: 11442915)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lyon Holdings Limited for the year ended 31 May 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Lyon Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lyon Holdings Limited and state those matters that we have agreed to state to the director of Lyon Holdings Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lyon Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lyon Holdings Limited. You consider that Lyon Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lyon Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jones Hunt & Keelings

Chartered Certified Accountants and

Chartered Tax Advisers

7-8 Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

5 May 2026