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REGISTERED NUMBER: 09578944 (England and Wales)

Menorca Properties Limited

Unaudited Financial Statements for the Year Ended 31st December 2025

Menorca Properties Limited (Registered number: 09578944)

Contents of the Financial Statements

for the year ended 31st December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Menorca Properties Limited

Company Information

for the year ended 31st December 2025

| DIRECTORS: | T J Rix

| S L Rix

| REGISTERED OFFICE: | 2 Humber Quays

| Wellington Street West

| Hull

| East Yorkshire

| HU1 2BN

| REGISTERED NUMBER: | 09578944 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

Menorca Properties Limited (Registered number: 09578944)

Balance Sheet

31st December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 290,266 |  | 260,000 |  |

CURRENT ASSETS

Debtors | 5 | 120 |  | 120 |  |

CREDITORS

Amounts falling due within one year | 6 | 50,266 |  | 20,000 |  |

NET CURRENT LIABILITIES | (50,146 | ) | (19,880 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 240,120 |  | 240,120 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 240,120 |  | 240,120 |  |

SHAREHOLDERS' FUNDS | 240,120 |  | 240,120 |  |

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

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

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 28th April 2026 and were signed on its behalf by:

T J Rix - Director

Menorca Properties Limited (Registered number: 09578944)

Notes to the Financial Statements

for the year ended 31st December 2025

1. | STATUTORY INFORMATION

| Menorca 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.

| The company did not trade during the year ended 31st December 2025

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

| 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.

| Tax

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Going concern

| The accounts have been prepared on the going concern basis, due to the support offered to the company by its only creditor, Mr T J Rix.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st January 2025 | 260,000 |  |

| Additions | 30,266 |  |

| At 31st December 2025 | 290,266 |  |

| NET BOOK VALUE

| At 31st December 2025 | 290,266 |  |

| At 31st December 2024 | 260,000 |  |

Menorca Properties Limited (Registered number: 09578944)

Notes to the Financial Statements - continued

for the year ended 31st December 2025

4. | INVESTMENT PROPERTY - continued

| Investment property was valued on an open market basis on 31st December 2025 by the directors.

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

2025 | 2024 |

£ | £ |

| Other debtors | 120 |  | 120 |  |

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

2025 | 2024 |

£ | £ |

| Other creditors | 50,266 |  | 20,000 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 240,120 | Ordinary | £1 | 240,120 |  | 240,120 |  |

8. | RELATED PARTY DISCLOSURES

| Mr T J Rix, a director, is owed £50,266 (2024:20,000) by the company. The director's loan is interest free and is repayable on demand.