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REGISTERED NUMBER: 03546087 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Promenade Office Investments Limited

| Promenade Office Investments Limited (Registered number: 03546087) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Promenade Office Investments Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | P Hynd

| D P Hynd

| SECRETARY: | D P Hynd

| REGISTERED OFFICE: | 2nd Floor

| 2 Queen Square

| Liverpool

| Merseyside

| L1 1RH

| REGISTERED NUMBER: | 03546087 (England and Wales)

| ACCOUNTANTS: | Myersons

| Chartered Accountants

| 32 Derby Street

| Ormskirk

| Lancashire

| L39 2BY

| Promenade Office Investments Limited (Registered number: 03546087) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,144,907 |  | 2,100,000 |  |

CURRENT ASSETS

Debtors | 5 | 883,955 |  | 1,116,199 |  |

Cash at bank | 98,582 |  | 86,442 |  |

982,537 |  | 1,202,641 |  |

CREDITORS

Amounts falling due within one year | 6 | 119,614 |  | 118,662 |  |

NET CURRENT ASSETS | 862,923 |  | 1,083,979 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,007,830 |  | 3,183,979 |  |

PROVISIONS FOR LIABILITIES | 303,430 |  | 299,036 |  |

NET ASSETS | 2,704,400 |  | 2,884,943 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 96 |  | 96 |  |

Fair value reserve | 8 | 642,682 |  | 642,682 |  |

Retained earnings | 8 | 2,061,622 |  | 2,242,165 |  |

SHAREHOLDERS' FUNDS | 2,704,400 |  | 2,884,943 |  |

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.

| Promenade Office Investments Limited (Registered number: 03546087) |

Balance Sheet - 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 8 July 2026 and were signed on its behalf by:

P Hynd - Director

| Promenade Office Investments Limited (Registered number: 03546087) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Promenade Office Investments 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.

| Turnover

| Turnover represents invoiced rents and service charges, excluding valued added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| Leasehold properties have been accounted for as Investment Properties in accordance with FRS 102 (Section 1A) and therefore depreciation has not been provided.

| Fair value adjustments to the property valuation go through profit & loss and are shown separately in the non-distributable fair value reserve.

| Deferred taxation

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Deferred tax on unrealised fair value adjustments to Investment Property is transferred from the retained earnings reserve to the non-distributable fair value reserve.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | and |

| leasehold |  | fittings |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2025 | 2,100,000 |  | 31,536 |  | 2,131,536 |  |

| Additions | 44,907 |  | - |  | 44,907 |  |

| At 31 December 2025 | 2,144,907 |  | 31,536 |  | 2,176,443 |  |

| DEPRECIATION

| At 1 January 2025

| and 31 December 2025 | - |  | 31,536 |  | 31,536 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,144,907 |  | - |  | 2,144,907 |  |

| At 31 December 2024 | 2,100,000 |  | - |  | 2,100,000 |  |

| Promenade Office Investments Limited (Registered number: 03546087) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 December 2025 is represented by:

| Fixtures |

| Long |  | and |

| leasehold |  | fittings |  | Totals

£ | £ | £ |

| Valuation in 2018 | 787,089 |  | - |  | 787,089 |  |

| Valuation in 2021 | 273,571 |  | - |  | 273,571 |  |

| Valuation in 2023 | (350,000 | ) | - |  | (350,000 | ) |

| Valuation in 2024 | 146,249 |  | - |  | 146,249 |  |

| Cost | 1,287,998 |  | 31,536 |  | 1,319,534 |  |

2,144,907 |  | 31,536 |  | 2,176,443 |  |

| If leasehold property had not been revalued it would have been included at the following historical cost:

| 31.12.25 |  | 31.12.24

£ | £ |

| Cost | 1,287,998 |  | 1,243,091 |  |

| Leasehold property was valued on a fair value basis by chartered surveyors, Hitchcock Wright & Partners on 30 June 2024.

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 7,054 |  | 63,424 |  |

| Other debtors | 876,901 |  | 1,052,775 |  |

883,955 |  | 1,116,199 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 33,004 |  | 3,781 |  |

| Taxation and social security | 927 |  | 499 |  |

| Other creditors | 85,683 |  | 114,382 |  |

119,614 |  | 118,662 |  |

| Promenade Office Investments Limited (Registered number: 03546087) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 12 | A1 Ordinary | £1 | 12 |  | 12 |  |

| 12 | A2 Ordinary | £1 | 12 |  | 12 |  |

| 12 | B1 Ordinary | £1 | 12 |  | 12 |  |

| 12 | B2 Ordinary | £1 | 12 |  | 12 |  |

| 12 | C1 Ordinary | £1 | 12 |  | 12 |  |

| 12 | C2 Ordinary | £1 | 12 |  | 12 |  |

| 12 | C3 Ordinary | £1 | 12 |  | 12 |  |

| 3 | A3 Ordinary | £1 | 3 |  | 3 |  |

| 3 | B3 Ordinary | £1 | 3 |  | 3 |  |

| 3 | C4 Ordinary | £1 | 3 |  | 3 |  |

| 3 | D1 Ordinary | £1 | 3 |  | 3 |  |

96 |  | 96 |  |

| Except as expressly provided otherwise in the Articles of Association, the share capital shall rank pari passu in all respects.

8. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 2,242,165 |  | 642,682 |  | 2,884,847 |  |

| Deficit for the year | (180,543 | ) | (180,543 | ) |

| At 31 December 2025 | 2,061,622 |  | 642,682 |  | 2,704,304 |  |

9. | RELATED PARTY DISCLOSURES

| Included in trade and other debtors is £850,000 (2024: £1,100,000) owed from associated companies at the balance sheet date.

| Included in other creditors is 33,773 (2024: £29,385) owed to associated companies at the balance sheet date.