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REGISTERED NUMBER: 02040543 (England and Wales)

ST PAUL'S STREET (INVESTMENTS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

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 |

ST PAUL'S STREET (INVESTMENTS) LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | Mr P Kilmartin

| Mr A N Carter

| Mrs M Kilmartin

| Mrs L M Carter

| Mr P A S Carter

| SECRETARY: | Mr P Kilmartin

| REGISTERED OFFICE: | Lodge House

| 12 Town Street

| Horsforth

| Leeds

| LS18 4RJ

| REGISTERED NUMBER: | 02040543 (England and Wales)

| ACCOUNTANTS: | DSC

| Chartered Accountants

| Tattersall House

| East Parade

| Harrogate

| North Yorkshire

| HG1 5LT

| BANKERS: | Lloyds TSB Bank plc

| 2 The Headrow

| Leeds

| West Yorkshire

| LS1 6PN

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 213,108 |  | 237,030 |  |

Investments | 5 | 8 |  | 8 |  |

Investment property | 6 | 27,727,954 |  | 25,625,000 |  |

27,941,070 |  | 25,862,038 |  |

CURRENT ASSETS

Debtors | 7 | 130,742 |  | 774,305 |  |

Cash at bank | 2,344,218 |  | 3,282,384 |  |

2,474,960 |  | 4,056,689 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,657,505 |  | 2,059,869 |  |

NET CURRENT (LIABILITIES)/ASSETS | (182,545 | ) | 1,996,820 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 27,758,525 |  | 27,858,858 |  |

PROVISIONS FOR LIABILITIES | 1,324,762 |  | 1,371,350 |  |

NET ASSETS | 26,433,763 |  | 26,487,508 |  |

CAPITAL AND RESERVES

Called up share capital | 15,000 |  | 15,000 |  |

Non-distributable reserves | 9,253,818 |  | 9,181,657 |  |

Distributable reserves | 17,164,945 |  | 17,290,851 |  |

SHAREHOLDERS' FUNDS | 26,433,763 |  | 26,487,508 |  |

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.

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

Mr P A S Carter - Director

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| St Paul's Street (Investments) 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 presentation currency of the financial statements is the Pound Sterling (£).

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 the total invoice value, excluding value added tax, of rents receivable and services rendered during the year.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Motor vehicles | - | 25% on cost

| Land is not depreciated.

| 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a small self administered retirement benefit scheme. The costs of the scheme are borne by the employer company and contributions paid are charged to the profit and loss account in the period to which they relate.

| Investments

| Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as current assets are stated at the lower of cost and net realisable value.

| Dividends are brought to account in the profit and loss account when received.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Motor |  | Computer |

| property |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2024 | 340,865 |  | 84,623 |  | 1,235 |  | 426,723 |  |

| Additions | - |  | - |  | 866 |  | 866 |  |

| At 31 October 2025 | 340,865 |  | 84,623 |  | 2,101 |  | 427,589 |  |

| DEPRECIATION

| At 1 November 2024 | 133,925 |  | 55,295 |  | 473 |  | 189,693 |  |

| Charge for year | 4,818 |  | 19,661 |  | 309 |  | 24,788 |  |

| At 31 October 2025 | 138,743 |  | 74,956 |  | 782 |  | 214,481 |  |

| NET BOOK VALUE

| At 31 October 2025 | 202,122 |  | 9,667 |  | 1,319 |  | 213,108 |  |

| At 31 October 2024 | 206,940 |  | 29,328 |  | 762 |  | 237,030 |  |

| Included in cost of land and buildings is freehold land of £ 100,000 (2024 - £ 100,000 ) which is not depreciated.

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 8 |  |

| NET BOOK VALUE

| At 31 October 2025 | 8 |  |

| At 31 October 2024 | 8 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 25,625,000 |  |

| Additions | 2,073,070 |  |

| Revaluations | 29,884 |  |

| At 31 October 2025 | 27,727,954 |  |

| NET BOOK VALUE

| At 31 October 2025 | 27,727,954 |  |

| At 31 October 2024 | 25,625,000 |  |

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

6. | INVESTMENT PROPERTY - continued

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

| £ |  |

| Valuation in 2000 |  |  | 616,487 |

| Valuation in 2001 |  |  | 277,302 |

| Valuation in 2002 |  |  | 35,830 |

| Valuation in 2003 |  |  | 23,683 |

| Valuation in 2005 |  |  | 3,397,941 |

| Valuation in 2006 |  |  | 110,407 |

| Valuation in 2007 |  |  | 72,435 |

| Valuation in 2008 |  |  | (271,503 | )

| Valuation in 2010 |  |  | (150,000 | )

| Valuation in 2011 |  |  | (329,970 | )

| Valuation in 2012 |  |  | (254,921 | )

| Valuation in 2015 |  |  | 537,710 |

| Valuation in 2016 |  |  | (3,480 | )

| Valuation in 2017 |  |  | (298,430 | )

| Valuation in 2018 |  |  | 1,966,882 |

| Valuation in 2019 |  |  | 435,847 |

| Valuation in 2020 |  |  | (813,053 | )

| Valuation in 2021 |  |  | 1,761,818 |

| Valuation in April 2022 |  |  | 361,145 |

| Valuation in October 2022 |  |  | (1,088,670 | )

| Valuation in 2023 |  |  | (1,333,920 | )

| Valuation in 2024 |  |  | 4,207,255 |

| Valuation in 2025 |  |  | 29,877 |

| Cost |  |  | 18,437,282 |

|  | 27,727,954 |

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

|  | 2025 |  | 2024 |

|  | £ |  | £ |

| Cost |  | 18,437,282 |  | 16,364,213 |

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

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

2025 | 2024 |

£ | £ |

| Trade debtors | 33,453 |  | 720,807 |  |

| Other debtors | 97,289 |  | 53,498 |  |

130,742 |  | 774,305 |  |

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 51,345 |  | 21,150 |  |

| Taxation and social security | 328,589 |  | 366,280 |  |

| Other creditors | 2,277,571 |  | 1,672,439 |  |

2,657,505 |  | 2,059,869 |  |