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REGISTERED NUMBER: 08766247 (England and Wales)

| Financial Statements |

| for the Year Ended 28 February 2025 |

| for |

| Alex Eagle Store Limited |

| Alex Eagle Store Limited (Registered number: 08766247) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Alex Eagle Store Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTOR: | T J Robinson

| REGISTERED OFFICE: | 15 Newland

| Lincoln

| LN1 1XG

| REGISTERED NUMBER: | 08766247 (England and Wales)

| AUDITORS: | Wright Vigar Limited

| Statutory Auditors

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

| Alex Eagle Store Limited (Registered number: 08766247) |

Balance Sheet

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 564 |  | 950 |  |

Tangible assets | 5 | 2,266 |  | 3,711 |  |

2,830 |  | 4,661 |  |

CURRENT ASSETS

Stocks | 320,869 |  | 319,922 |  |

Debtors | 6 | 316,390 |  | 407,860 |  |

Cash at bank and in hand | 38,102 |  | 9,100 |  |

675,361 |  | 736,882 |  |

CREDITORS

Amounts falling due within one year | 7 | 561,490 |  | 620,791 |  |

NET CURRENT ASSETS | 113,871 |  | 116,091 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 116,701 |  | 120,752 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 2,097,566 |  | 1,955,905 |  |

NET LIABILITIES | (1,980,865 | ) | (1,835,153 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 10 | (1,980,965 | ) | (1,835,253 | ) |

SHAREHOLDERS' FUNDS | (1,980,865 | ) | (1,835,153 | ) |

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 24 June 2026 and were signed by:

T J Robinson - Director

| Alex Eagle Store Limited (Registered number: 08766247) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Alex Eagle Store 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.

| During the year ending 28 February 2025 there was a loss of £145,712 and net liabilities of £1,980,865.

| The accounts are prepared on a going concern basis due to the reliance on the directors together with The Vinyl Factory, the parent company of the group and the group itself to continue to support the Company.

| The directors of The Vinyl Factory consider that there are sufficient assets to easily cover any potential liabilities to ensure there is no difficulty in providing sufficient support to the Company.

| There are ongoing negotiations regarding the Group's funding structure with the bond holders which as at the date of approval of the financial statements is proceeding in a positive manner which will solidify the ability of the parent company to continue its support.

| There are also ongoing negotiations regarding the settlement of contractual obligations to the benefit of the parent company. This relates to property development work undertaken which is coming to its conclusion. The directors are satisfied this will be a significant amount which would ensure that the parent company can continue its support of the company.

| Having regard to the information above, the directors are therefore satisfied that the accounts should be prepared on a going concern basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover is recognised on the sale of an item of stock.

| Intangible fixed assets

| Intangible assets relate to website development. Amortisation is provided at a rate of 33% on cost in order to write off its estimated useful life.

| 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 | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

| Alex Eagle Store Limited (Registered number: 08766247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 3,920 |  |

| AMORTISATION

| At 1 March 2024 | 2,970 |  |

| Charge for year | 386 |  |

| At 28 February 2025 | 3,356 |  |

| NET BOOK VALUE

| At 28 February 2025 | 564 |  |

| At 29 February 2024 | 950 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 March 2024 | 10,216 |  | 116,016 |  | 20,754 |  | 146,986 |  |

| Additions | - |  | 206 |  | 1,866 |  | 2,072 |  |

| At 28 February 2025 | 10,216 |  | 116,222 |  | 22,620 |  | 149,058 |  |

| DEPRECIATION

| At 1 March 2024 | 8,917 |  | 114,089 |  | 20,269 |  | 143,275 |  |

| Charge for year | 1,038 |  | 1,418 |  | 1,061 |  | 3,517 |  |

| At 28 February 2025 | 9,955 |  | 115,507 |  | 21,330 |  | 146,792 |  |

| NET BOOK VALUE

| At 28 February 2025 | 261 |  | 715 |  | 1,290 |  | 2,266 |  |

| At 29 February 2024 | 1,299 |  | 1,927 |  | 485 |  | 3,711 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 103,922 |  | 63,467 |  |

| Other debtors | 49,277 |  | 47,205 |  |

153,199 |  | 110,672 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 163,191 |  | 297,188 |  |

| Aggregate amounts | 316,390 |  | 407,860 |  |

| Alex Eagle Store Limited (Registered number: 08766247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,354 |  | 10,098 |  |

| Trade creditors | 4,095 |  | 1,659 |  |

| Taxation and social security | 6,910 |  | 6,127 |  |

| Other creditors | 540,131 |  | 602,907 |  |

561,490 |  | 620,791 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 6,162 |  | 16,516 |  |

| Amounts owed to group undertakings | 2,091,404 |  | 1,939,389 |  |

2,097,566 |  | 1,955,905 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted and issued:

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

| value: | £ | £ |

| 100 | Ordinary shares | £1 | 100 |  | 100 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1 March 2024 | (1,835,253 | ) |

| Deficit for the year | (145,712 | ) |

| At 28 February 2025 | (1,980,965 | ) |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was qualified on the following basis:

| Basis for qualified opinion

| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Due to a limitation of scope we have been unable to audit the opening stock figure of £319,922 and the closing stock figure of £320,869 included in these financial statements.

| Paul Colcomb FCCA (Senior Statutory Auditor)

| for and on behalf of Wright Vigar Limited

| Alex Eagle Store Limited (Registered number: 08766247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 - continued

| We draw attention to note 2 in the financial statements, which indicates that there was a loss of £145,712 for the year ended 28 February 2025 and net liabilities of £1,980,865.

| As stated in note 2, there are ongoing discussions regarding contractual settlements and the Group's funding structure. Whilst there are contractual documentation and correspondence to support a positive inflow of monies, we have been unable to quantify the valuation or the time frame of the economic inflow into the parent company. These events or conditions indicate that a possible material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. However the directors continue to express confidence in the support of the parent company and the financial position as a whole. Our opinion is not modified in respect of this matter.

| In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

| Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

13. | 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.

| Sales amounting to £14,183 (2024: £9,392) were made to a joint venture company in the year. In addition, at the year end, a balance of £77,346 (2024: £63,467) was owed from the joint venture.

| During the year, the company made purchases totalling £66,808 (2024: £nil) from a company in which a person with influence over the company is a director.

| The transactions were undertaken in the normal course of business and on arm’s length terms. At the year end, the amount outstanding to this company was £Nil (2024: £Nil).

14. | CONTROLLING PARTY

| The company's parent undertaking is The Vinyl Factory Limited. The registered office of the parent undertaking is 15 Newland, Lincoln, Lincolnshire, LN1 1XG. The principal place of business is 16-18 Marshall Street, London, W1F 7BE.