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REGISTERED NUMBER: 06214076 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

| FOR |

| BEL PROPERTY LIMITED |

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

BEL PROPERTY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | I J Platt

| C C Platt

| SECRETARY: | S R Cooper

| REGISTERED OFFICE: | c/o Philip Barnes & Co Limited

| The Old Council Chambers

| Halford Street

| Tamworth

| Staffordshire

| B79 7RB

| REGISTERED NUMBER: | 06214076 (England and Wales)

| ACCOUNTANTS: | Philip Barnes & Co Limited

| Chartered Accountants

| The Old Council Chambers

| Halford Street

| Tamworth

| Staffordshire

| B79 7RB

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,476 |  | 3,140 |  |

Investment property | 5 | 940,000 |  | 940,000 |  |

942,476 |  | 943,140 |  |

CURRENT ASSETS

Debtors | 6 | 38,681 |  | 32,153 |  |

Cash at bank | 122,747 |  | 115,484 |  |

161,428 |  | 147,637 |  |

CREDITORS

Amounts falling due within one year | 7 | 28,592 |  | 22,912 |  |

NET CURRENT ASSETS | 132,836 |  | 124,725 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,075,312 |  | 1,067,865 |  |

PROVISIONS FOR LIABILITIES | 65,299 |  | 65,453 |  |

NET ASSETS | 1,010,013 |  | 1,002,412 |  |

CAPITAL AND RESERVES

Called up share capital | 110 |  | 110 |  |

Share premium | 624,929 |  | 624,929 |  |

Revaluation reserve | 8 | 343,240 |  | 343,240 |  |

Retained earnings | 41,734 |  | 34,133 |  |

SHAREHOLDERS' FUNDS | 1,010,013 |  | 1,002,412 |  |

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

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

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

BALANCE SHEET - continued

31 OCTOBER 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 Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

I J Platt - Director

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Bel Property 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 as modified by the revaluation of certain assets.

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

| 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.

| Turnover

| Turnover represents rents receivable on an accruals basis.

| 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% reducing balance

| Fixtures and fittings | - | 15% reducing balance

| Computer equipment | - | 33% reducing balance

| Investment property

| Investment property is shown at most recent market value or cost. No depreciation is charged on investment properties,whilst this is a departure from the companies act 2006 as investment properties are held for investment rather than consumption the directors consider this policy necessary to give a true and fair view.

| 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.

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2024

| and 31 October 2025 | 5,748 |  | 4,940 |  | 922 |  | 11,610 |  |

| DEPRECIATION

| At 1 November 2024 | 4,285 |  | 3,526 |  | 659 |  | 8,470 |  |

| Charge for year | 366 |  | 212 |  | 86 |  | 664 |  |

| At 31 October 2025 | 4,651 |  | 3,738 |  | 745 |  | 9,134 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,097 |  | 1,202 |  | 177 |  | 2,476 |  |

| At 31 October 2024 | 1,463 |  | 1,414 |  | 263 |  | 3,140 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 940,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 940,000 |  |

| At 31 October 2024 | 940,000 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2014 | 108,000 |  |

| Valuation in 2019 | 140,000 |  |

| Valuation in 2021 | 160,000 |  |

| Cost | 532,000 |  |

940,000 |  |

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

5. | INVESTMENT PROPERTY - continued

| If investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 532,000 |  | 532,000 |  |

| Investment properties were valued on an open market basis on 31 October 2025 by the Directors .

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 1,435 |  | 1,488 |  |

| Other debtors | 30,103 |  | 23,522 |  |

31,538 |  | 25,010 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 7,143 |  | 7,143 |  |

| Aggregate amounts | 38,681 |  | 32,153 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 3 |  | 77 |  |

| Taxation and social security | 11,981 |  | 13,258 |  |

| Other creditors | 16,608 |  | 9,577 |  |

28,592 |  | 22,912 |  |

8. | RESERVES

| Revaluation

| reserve

£ |

| At 1 November 2024

| and 31 October 2025 | 343,240 |  |

9. | CONTINGENT LIABILITIES

| If any of the properties owned by the company are built on contaminated land, the holding company holds a contamination fund of £100,000 contributed towards by all subsidiaries, to cover costs in relation to the properties together with specific properties owned by other of the subsidiary companies.

| The directors are unable to state whether or not this fund will be sufficient to cover any potential liabilities arising as a result of contamination. If it is insufficient the company will incur the excess costs of the contamination relating to its own properties as well as its contribution to the fund.

| If other companies in the group claim against the fund, the company will contribute up to a maximum of £7,143.

BEL PROPERTY LIMITED (REGISTERED NUMBER: 06214076)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025 | 2024 |

£ | £ |

| I J Platt

| Balance outstanding at start of year | 20,758 |  | 21,761 |  |

| Amounts advanced | 28,685 |  | 29,759 |  |

| Amounts repaid | (22,000 | ) | (30,762 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 27,443 |  | 20,758 |  |

| Interest has been charged on the balance at an average rate of 3.75%, in accordance with HMRC official rates.