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REGISTERED NUMBER: 16142540 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

PSM Investments (Ilkley) Ltd

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

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 |

PSM Investments (Ilkley) Ltd

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | M A G Green

| S J Medlock

| P J Medlock

| REGISTERED OFFICE: | Suite 4 St Georges Lodge

| 33 Oakfield Road

| Bath

| United Kingdom

| BA2 3NE

| REGISTERED NUMBER: | 16142540 (England and Wales)

| ACCOUNTANTS: | O'Sullivan Hughes Limited

| 185 Wellsway

| Keynsham

| Bristol

| BS31 1JJ

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

Balance Sheet

31 October 2025

| Notes | £ |

| FIXED ASSETS

| Investment property | 4 | 2,900,000 |  |

| CURRENT ASSETS

| Debtors | 5 | 12,511 |  |

| Cash at bank | 56,847 |  |

69,358 |  |

| CREDITORS

| Amounts falling due within one year | 6 | (2,726,071 | ) |

| NET CURRENT LIABILITIES | (2,656,713 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 243,287 |  |

| PROVISIONS FOR LIABILITIES | (60,797 | ) |

| NET ASSETS | 182,490 |  |

| CAPITAL AND RESERVES

| Called up share capital | 7 | 100 |  |

| Fair value reserve | 8 | 186,085 |  |

| Retained earnings | (3,695 | ) |

| SHAREHOLDERS' FUNDS | 182,490 |  |

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.

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

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 18 July 2026 and were signed on its behalf by:

S J Medlock - Director

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| PSM Investments (Ilkley) Ltd 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.

| The principal activity of the company in the year under review was that of letting and operating of real estate.

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 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 on the historical cost convention. The principal accounting policies adopted are set out below.

| Going concern

| 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

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and other sales related taxes.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents 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.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| 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.

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL.

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 2,651,887 |  |

| Revaluations | 248,113 |  |

| At 31 October 2025 | 2,900,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 2,900,000 |  |

| The valuations of investment properties were made as at 31 October 2025 by the directors on an open market basis. No depreciation is provided in respect of these properties.

| On an historical cost basis these would have been included at an original cost of £2,651,887.

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2025 | 2,900,000 |  |

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

£ |

| Trade debtors | 4,049 |  |

| VAT | 8,462 |  |

12,511 |  |

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

£ |

| Trade creditors | 12,141 |  |

| Amounts owed to group undertakings | 2,713,930 |  |

2,726,071 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 100 | Ordinary | £1 | 100 |  |

PSM Investments (Ilkley) Ltd (Registered number: 16142540)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

8. | RESERVES

| Fair

| value

| reserve

£ |

| Transfer | 186,085 |  |

| At 31 October 2025 | 186,085 |  |

9. | GUARANTEES AND SECURITY

| The company has granted security over its assets in support of banking and/or financing facilities entered into by its parent undertaking.

| The company is not a primary borrower under these arrangements.

| The security comprises a fixed and floating charge over the assets and undertaking of the company.

| Amounts owed by the company are due to its parent undertaking and are disclosed within creditors falling due within one year.

10. | 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.

| During the year, the company entered into transactions with Lansdown Real Estate Limited, a company in which M A Green is a director and holds a controlling interest.

| During the year the company was charged management fees of £5,566 (2024: £Nil). There was no outstanding balances at the year end.