Company No: 10896976 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		265
Investments	4	54,991		54,991
		54,991		55,256
Current assets
Debtors	5	19,179		0
Investments	6	20,745		20,745
Cash at bank and in hand		0		25,899
		39,924		46,644
Creditors: amounts falling due within one year	7	( 15,624)		( 7,771)
Net current assets		24,300		38,873
Total assets less current liabilities		79,291		94,129
Net assets		79,291		94,129
Capital and reserves
Called-up share capital	8	1,003		1,003
Profit and loss account		78,288		93,126
Total shareholders' funds		79,291		94,129

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of MIV Property Investments Limited (registered number: 10896976) were approved and authorised for issue by the Board of Directors on 17 June 2026. They were signed on its behalf by:

The Honourable B J Lowther Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MIV Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 30 Winchester Street, London, SW1V 4NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 September 2024	1,059		1,059
At 31 August 2025	1,059		1,059
Accumulated depreciation
At 01 September 2024	794		794
Charge for the financial year	265		265
At 31 August 2025	1,059		1,059
Net book value
At 31 August 2025	0		0
At 31 August 2024	265		265

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 September 2024	54,991		54,991
At 31 August 2025	54,991		54,991
Carrying value at 31 August 2025	54,991		54,991
Carrying value at 31 August 2024	54,991		54,991

5. Debtors

	2025		2024
	£		£
Amounts owed by directors	19,179		0

6. Current asset investments

	2025		2024
	£		£
Other investments – at cost less impairment	20,745		20,745

The investments are carried at historical cost. The investee company completed fundraising activity in November 2025 which resulted in a dilution in the value of the company’s shareholding and an implied reduction in the value of the investment. As this event occurred after the balance sheet date and does not provide evidence of conditions existing at that date, no adjustment has been made to the carrying value of the investment in these financial statements.

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	84		0
Other creditors	15,540		7,771
	15,624		7,771

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
500 Ordinary A shares of £ 1.00 each	500		500
500 Ordinary B shares of £ 1.00 each	500		500
1 Ordinary C share of £ 1.00	1		1
1 Ordinary D share of £ 1.00	1		1
1 Ordinary E share of £ 1.00	1		1
	1,003		1,003

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Advances	19,360		0
Repayments	(549)		0
Interest	368		0
Closing balance	19,179		0

The above loan is repayable on demand. Interest is charged at HMRC official rate of interest.