The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Fashion Street Regeneration Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2.6, Second Floor, 11-29 Fashion Street, London, E1 6PX.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is comprised of rental and associated income and is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging a lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Dilapidation income, which is included within other income, represents amounts received or receivable from tenants at the end of lease agreements to cover the cost of restoring leased properties to their original condition. This income is recognised when the amount can be measured reliably and it is probable that the economic benefits will flow to the entity. If the income is contingent on future events or negotiations, it is recognised only when the uncertainty is resolved.

Management fee income, which is included within other income, arises from services provided to 132 Commercial Street LLP, a subsidiary of Fashion Street Regeneration Limited. It is recognised in the period in which the services are rendered.

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The company uses the valuation performed by its directors as the fair value of its investment properties. The valuation is based upon the key assumptions from data obtained from listed real estate properties and market based yields. In determining fair value the directors make reference to market.

Management consider the significant assumptions to the valuation of investment properties to be data from other listed real estate properties and market based yields.

The average monthly number of persons (including directors) employed by the company during the year was:

Investment property represents a multi-let office building in the Spitalfields area of London.

The fair value of investment property has been arrived at on the basis of a directors' valuation as at 31 March 2026.

If the investment property had been accounted for under the historic cost accounting rules, the property would have a value of £4,191,679 (2025: £4,114,596 )

Details of the company's subsidiaries at 31 March 2026 are as follows:

The investment in subsidiary is stated at cost.

Other creditors includes tenant rent deposits and interest on deposits totalling £508,137 (2025: £535,431). These deposits are held in separate bank accounts, the balances of which are included as restricted cash on the balance sheet.

The bank loan is secured on a fixed and floating charge over the Fashion Street investment property. The lender is Coutts and Company.

The £4.9m loan is an interest only loan with a repayment date of 23 June 2029. Interest is charged at a rate of 2.2% above SONIA. The loan is secured over the property of the company and a composite guarantee with 132 Commercial Street LLP.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Ordinary A and Ordinary B shares confer the right to receive dividends, to attend and vote at general meetings, and to participate in the distribution of surplus assets on a winding up or return of capital (after satisfying Ordinary C shareholder entitlements and company liabilities).

Ordinary C shares do not confer rights to dividends or to attend and vote at general meetings. However, they rank first in priority for return of capital on a winding up, ahead of Ordinary A and B shares.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

At the reporting end date the company had contracted with tenants for the following minimum lease payments: £3,579,705 (2025: £4,343,565).

During the year, the company purchased services amounting to £17,114 (2025: £16,006) from Transformer Management Limited, a company in which M Beckett has a controlling interest. The purchases were made on an arms length basis. There were no amounts outstanding to or from the company at the year end (2025: £nil).

The company has been invoiced for bookkeeping services amounting to £3,640 (2025: £3,640) from Transformer Properties Limited, a company in which M Beckett has a controlling interest. The purchases were made on an arms length basis. There were no amounts outstanding to or from the company at the year end (2025: £nil).

The company benefits from a profit share agreement for an entity over which it holds significant influence 132 Commercial Street LLP which has been disclosed within interest receivable and similar income. The transactions are made at an arms length basis. As at the year end there was an amount owed from 132 Commercial Street LLP of £17,144 (2025: owed to of £23,703).

During the year, the company charged fees of £25,000 (2025: £25,000) to 132 Commercial Street LLP. £Nil (2025: £Nil) was outstanding at the year end.