Contents

Balance Sheet

As at 31 October 2025

Balance Sheet Continued

For the year ending 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions of the small companies regime applicable to micro-entities.

The accounts were approved by the Board of Directors and authorised for issue on 18 July 2026.

Notes to the Financial Statements

For the Year Ended 31 October 2025

1. Accounting Policies

Turnover

Turnover is recognised when goods are delivered or services are provided.

Taxation

Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors

Debtors are recognised at the settlement amount due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

Notes to the Financial Statements (continued)

2. Basis of Preparation

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Notes to the Financial Statements (continued)

3. Employee Information

The average number of employees during the year was: 0

Notes to the Financial Statements (continued)

4. Principal Activities

The company explores current and new business opportunities, with a particular focus on the property market. As previously reported, this strategic shift in FY 2020-2022 was facilitated by third-party financing. The fixed assets valuation is at historical costs.

Notes to the Financial Statements (continued)

5. Political and charitable donations

There were no political and/or charitable donations for the period

Notes to the Financial Statements (continued)

6. Company policy on the employment of disabled persons

Discrimination based on personal characteristics, such as disability, is unlawful. As an equal opportunity employer, the company strictly adheres to all applicable laws and prohibits any form of discriminatory practices. This includes, but is not limited to: - Unfair hiring decisions based on disability, - Biased selection for redundancy due to disability, or - Unequal pay without objective justification. The company maintains full compliance with current anti-discrimination legislation

Notes to the Financial Statements (continued)

7. The company as a going concern

As previously reported, the company currently faces significant financial constraints due to its substantial indebtedness to external

third-party creditors. The elevated leverage ratio has not only amplified the company's financial obligations but has also constrained its strategic flexibility. The going concern assessment now hinges on the successful navigation of a complex risk landscape encompassing both endogenous and exogenous factors. Internally, the company must address liquidity pressures, maintain creditor

confidence, and achieve operational turnaround targets. Externally, it faces exposure to sector-specific headwinds, potential covenant

breaches, and refinancing risks in tightening credit markets. These cumulative challenges have created a fragile financial equilibrium where the company's continued operations are dependent upon the careful balancing of multiple financial and operational variables, with limited margin for error. Management is actively exploring various financial restructuring options while simultaneously

implementing operational improvements, securing additional financing and/or optimizing current debt arrangements, taking other steps to stabilize the company's financial position and ensure long-term viability.