The directors present the strategic report for the year ended 31 July 2025.

The group continued the development and sale of commercial units at Escapade Silverstone during the year.

The financial results reflect the continued sale of completed units during the period, with turnover increasing to £55.9 million (2024: £24.3 million) and the group reporting a profit before taxation of £8.2 million (2024: loss before taxation of £0.6 million). At 31 July 2025, 54 units had been sold. Since the year end, a further two units have been sold, leaving four units available for sale. These subsequent sales have been treated as non-adjusting events in accordance with FRS 102.

The principal risks and uncertainties facing the group relate to the successful completion and sale of the remaining development units together with the management of financial risks.

The directors monitor market conditions and sales activity throughout the development to support the orderly disposal of the remaining units. Financial risks principally comprise liquidity risk and credit risk. Liquidity risk is managed through regular cash flow forecasting and monitoring of available funding resources, while credit risk is managed through established procedures governing customer transactions and collection of amounts due.

The directors monitor the performance of the group using a range of financial and operational measures. The principal key performance indicators are:

• Turnover of £55.9 million (2024: £24.3 million), reflecting the completion of commercial unit sales during the year.

• Profit before taxation of £8.2 million (2024: loss before taxation of £0.6 million), providing a measure of the group's financial performance.

• Net current assets of £9.9 million (2024: £8.7 million), demonstrating the group's working capital position.

Future developments

The directors remain focused on completing the sale of the remaining commercial units at Escapade Silverstone whilst continuing to establish the Escapade brand as a premium trackside hospitality offering.

Following the successful delivery of the Silverstone development, a separate group has announced its second trackside destination at Circuit de Spa-Francorchamps in Belgium. The proposed development is expected to comprise a hotel, private residences and associated hospitality facilities, drawing on the experience and expertise gained through the delivery of the Silverstone project. Although this development sits outside the Group, the directors believe it will further strengthen the Escapade brand and reinforce its position as a premium trackside hospitality offering.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 July 2025.

The principal activity of the company and group continued to be that of development of building projects.

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £2,278,872. The directors do not recommend payment of a further dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors remain focused on completing the sale of the remaining commercial units at Escapade Silverstone whilst continuing to establish the Escapade brand as a premium trackside hospitality offering.true

Following the successful delivery of the Silverstone development, a separate group has announced its second trackside destination at Circuit de Spa-Francorchamps in Belgium. The proposed development is expected to comprise a hotel, private residences and associated hospitality facilities, drawing on the experience and expertise gained through the delivery of the Silverstone project. Although this development sits outside the Group, the directors believe it will further strengthen the Escapade brand and reinforce its position as a premium trackside hospitality offering.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

We have audited the financial statements of Escapade Silverstone Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the group's and the parent company's affairs as at 31 July 2025 and of the group's 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

• The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent company financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

• We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the property development sector;

• We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we

• Performed analytical procedures to identify any unusual or unexpected relationships

• Tested journal entries to identify unusual transactions;

• Reviewed the internal controls in place, specifically around payroll and bank transactions;

• Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• Agreeing financial statement disclosures to underlying supporting documentation;

• Reading the minutes of meetings of those charged with governance;

• Enquiring of management as to actual and potential litigation and claims; and

• Reviewing correspondence with HMRC and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

The financial statements of the Company for the period ended 31 July 2024 were not audited.

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £7,595,441 (2024 - £268,502 loss).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

Escapade Silverstone Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is .

The group consists of Escapade Silverstone Limited and all of its subsidiaries.

These financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the requirements of the Companies Act 2006. The Group qualifies as a medium-sized group under section 466 of the Companies Act 2006 and has taken advantage of the exemptions available to medium-sized groups under that Act.

In particular, the Company has taken advantage of the exemption available under section 444 of the Companies Act 2006 and has not filed its profit and loss account with the Registrar.

The Company has also taken advantage of the exemption from the requirement to disclose non-financial key performance indicators within the Strategic Report.

The consolidated financial statements include a Group cash flow statement. The Company has taken advantage of the exemption available to qualifying entities under Section 7 of FRS 102 and has therefore not presented a separate Company cash flow statement.

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 consolidated group financial statements consist of the financial statements of the parent company Escapade Silverstone Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 July 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Although the development project has been completed, the group intends to continue generating income through the letting of its properties. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue is recognised when the performance obligation associated with sale is completed. The transaction price comprises the fair value of the consideration received or receivable, net of discounts, rebates, value added tax, and other sales taxes. Revenue relates to commercial property and land sales.

Revenue is recognised in the income statement when control is transferred to the customer. This is deemed to be when title of the property passes to the customer on legal completion and the performance obligation associated with the sale is completed.

Revenue in respect of the sale of commercial properties is recognised at the fair value of the consideration received or receivable on legal completion.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, 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 recognised in the profit and loss account.

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

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

Stock comprises land held for development, development work in progress and completed properties held for sale in the ordinary course of business

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost includes all expenditure directly attributable to the acquisition of land and the development of the property, including:

• land acquisition costs;

• professional fees;

• planning and design costs

• construction and infrastructure costs

• site preparation and remediation costs;

• directly attributable borrowing costs where applicable; and

• other directly attributable development expenditure incurred in bringing the inventory to its present location and condition.

Development costs are accumulated on a site-by-site basis and allocated to individual units using an appropriate and consistent method.

Completed units remain within stock until legal completion of the sale to the customer.

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.

The group 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 in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group 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.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the group 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 group.

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 group’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 if, and only if, there is 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.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Investment Properties

Investment properties are properties held to earn rental income, for capital appreciation, or both, rather than for use in the production or supply of goods or services, for administrative purposes, or for sale in the ordinary course of business.

Investment properties are initially recognised at cost, including directly attributable transaction costs. They are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss in the period in which they arise.

The fair value of investment properties is determined by reference to market evidence and, where appropriate, valuations performed by suitably qualified independent valuers. No depreciation is charged on investment properties measured at fair value.

A property is transferred to or from investment property only when there is a change in its use. On disposal, the difference between the net disposal proceeds and the carrying amount of the property is recognised in profit or loss.

In the application of the group’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 following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Judgement is applied in determining the point at which the sale of a commercial unit has been completed and the significant risks and rewards of ownership have transferred to the purchaser. Revenue is recognised when the relevant contractual conditions have been satisfied and the group has no continuing managerial involvement or effective control over the unit sold.

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 Directors have assessed the Company's ability to continue as a going concern and are satisfied that the Company has adequate resources to continue its operations for at least twelve months from the date of approval of these financial statements. This assessment considered the Company's projected cash flows, expected proceeds from property development and real estate sales, and available financing facilities. Accordingly, the financial statements have been prepared on a going concern basis.

Development property is carried at the lower of cost and estimated net realisable value. In assessing net realisable value, the directors consider the expected selling price of the remaining commercial units, less the estimated costs required to complete and sell them.

This assessment requires estimates regarding future sales proceeds, remaining development costs and directly attributable selling costs. The directors review these estimates regularly and recognise any reduction in value where the estimated net realisable value is lower than the carrying amount.

The group assesses the recoverability of trade and other debtors by considering the age of outstanding balances, the financial position of the relevant counterparties and any known disputes or other collection issues. Provisions are recognised where recovery of a balance is considered doubtful.

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

Their aggregate remuneration comprised:

The remuneration of the highest paid director during the year was £409,744 (2024 - £nil).

The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

Details of the company's subsidiaries at 31 July 2025 are as follows:

Included within other debtors at the balance sheet date are amounts due from related parties totalling £8,274,471 (2024: £11,373). These balances are unsecured, interest-free and repayable on demand.

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

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year, the Company's ordinary shares were redesignated into A Ordinary, B Ordinary and C Ordinary shares. Accordingly, the share capital at 31 July 2025 comprises these separate classes of ordinary shares.

Subsequent to the year end, the Group disposed of its entire interest Escapade Silverstone 38 Limited and Escapade 9 Limited, companies previously included within the consolidated financial statements.

As the transaction occurred after the reporting date, no adjustment has been made to the amounts recognised in these financial statements.

The directors consider the disposal to be a non-adjusting event after the reporting period. The financial effect of the transaction will be reflected in the Group's financial statements for the year ending 31 July 2026.

The remuneration of key management personnel is as follows.

The following amounts were outstanding at the reporting end date:

The Company's ultimate parent undertaking is Emerging Advisory Limited, a company incorporated in England and Wales.

The ultimate controlling party of the Company is William Tindall, who is the majority shareholder of Emerging Advisory Limited and, by virtue of that shareholding, exercises ultimate control over the Company.