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REGISTERED NUMBER: 04005973 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Persequor Limited |

| Persequor Limited (Registered number: 04005973) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Persequor Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | J Morgan

| S W N Bruwer

| A G De Clerk

| H L Bosman

| REGISTERED OFFICE: | Whitmoor Farm

| Whitmoor Lane

| Sutton Green

| Guildford

| Surrey

| GU4 7QB

| REGISTERED NUMBER: | 04005973 (England and Wales)

| ACCOUNTANTS: | Wilson Partners Limited

| Chancery House

| 30 St Johns Road

| Woking

| Surrey

| GU21 7SA

| Persequor Limited (Registered number: 04005973) |

Statement of Financial Position

31 December 2025

| 31/12/25 |  | 31/12/24

| Notes | £ | £ |

FIXED ASSETS

Investment property | 5 | 7,705,000 |  | 8,100,000 |  |

CURRENT ASSETS

Debtors | 6 | 38,675 |  | 47,677 |  |

Cash at bank | 12,932 |  | 44,186 |  |

51,607 |  | 91,863 |  |

CREDITORS

Amounts falling due within one year | 7 | (547,308 | ) | (586,658 | ) |

NET CURRENT LIABILITIES | (495,701 | ) | (494,795 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,209,299 |  | 7,605,205 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,767,104 | ) | (2,849,891 | ) |

PROVISIONS FOR LIABILITIES | 9 | (786,625 | ) | (885,375 | ) |

NET ASSETS | 3,655,570 |  | 3,869,939 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 10 | 2,742,694 |  | 3,038,944 |  |

Retained earnings | 10 | 912,776 |  | 830,895 |  |

SHAREHOLDERS' FUNDS | 3,655,570 |  | 3,869,939 |  |

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.

| Persequor Limited (Registered number: 04005973) |

Statement of Financial Position - 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 5 June 2026 and were signed on its behalf by:

H L Bosman - Director

| Persequor Limited (Registered number: 04005973) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Persequor 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.

| 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 as modified by the revaluation of certain assets.

| The financial statements have been prepared on a going concern basis which assumes the company will be able to continue its operations for the foreseeable future. The validity of this assumption depends on the company continuing to meet its loan commitments through rental income.

| The company's creditors include loans from group companies. The company has obtained confirmation from these group companies that no requests for repayment would be made which put the company in a position not to be able to meet its other liabilities as they fall due for payment. On the above basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue represents rents receivable by the company.

| Investment property

| Investment property is initially measured at cost less impairment and subsequently measured at fair value whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in profit or loss.

| Financial instruments

| The group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102, in full, to all of its financial instruments.

| 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 statement of financial position date.

| The company is part of a tax group for certain aspects of tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. Payments for group relief is made equal to the tax benefit with amounts included within the current tax disclosures.

| Persequor Limited (Registered number: 04005973) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. | EMPLOYEES AND DIRECTORS

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

5. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 January 2025 | 8,100,000 |  |

| Revaluations | (395,000 | ) |

| At 31 December 2025 | 7,705,000 |  |

| Net book value

| At 31 December 2025 | 7,705,000 |  |

| At 31 December 2024 | 8,100,000 |  |

| The company's investment property comprises freehold investment property in England, shown at the directors' estimate of fair value at the period end. If the investment property had not been revalued, it would have been shown at its original purchase price of £4,175,681.

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Amounts owed by group undertakings | 30,346 |  | 40,874 |  |

| Other debtors | 8,329 |  | 6,803 |  |

38,675 |  | 47,677 |  |

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Amounts owed to group undertakings | 517,649 |  | 565,841 |  |

| Taxation and social security | 25,509 |  | 16,717 |  |

| Other creditors | 4,150 |  | 4,100 |  |

547,308 |  | 586,658 |  |

| Persequor Limited (Registered number: 04005973) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Amounts owed to group undertakings | 2,767,104 |  | 2,849,891 |  |

9. | PROVISIONS FOR LIABILITIES

| Provisions for liabilities comprises a deferred tax liability of £786,625 (Dec 2024: £885,375), which has arisen on fair value adjustments of the company's investment property representing full provision for deferred tax payable on the sale of the investment.

10. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 830,895 |  | 3,038,944 |  | 3,869,839 |  |

| Deficit for the year | (214,369 | ) | (214,369 | ) |

| Transfer of fair value | 296,250 |  | (296,250 | ) | - |  |

| At 31 December 2025 | 912,776 |  | 2,742,694 |  | 3,655,470 |  |

| Reserves of the company represent the following:

| Retained earnings

| The cumulative profit and loss net of distributions to owners.

| Fair value reserve

| The cumulative fair value gains and losses in respect of investment property revaluations recognised in and transferred from profit and loss including full provision for deferred tax payable on the sale of the investment.

11. | RELATED PARTY DISCLOSURES

| 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.

| At the period end £3,271,845 (2024: 3,389,959) was due to its parent company Bataleur Investments Limited and is included in Amounts owed to group undertakings. The loan is unsecured with interest of £218,136 (2024: £254,106) being charged during the period.

12. | ULTIMATE CONTROLLING PARTY

| The immediate parent undertaking is Bataleur Investments Limited, incorporated in Guernsey. The company's business address is Oak House, Hirzel Street, St Peter Port, Guernsey. There is no ultimate controlling party.