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Registration number: 04809696

Lone Eagle Securities Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Lone Eagle Securities Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Lone Eagle Securities Limited

Company Information

Directors | P J Goodes N I Hole J M Symons P R Withers

Registered office | Eagle House 1 Babbage Way Exeter Science Park Exeter Devon EX5 2FN

Lone Eagle Securities Limited

(Registration number: 04809696)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 3,800,000 | 3,800,000
Current assets |  |  |
Debtors | 5 | 11,456 | 6,254
Cash at bank and in hand |  | 1 | 1
|  | 11,457 | 6,255
Creditors: Amounts falling due within one year | 6 | (2,339,355) | (2,444,382)
Net current liabilities |  | (2,327,898) | (2,438,127)
Total assets less current liabilities |  | 1,472,102 | 1,361,873
Provisions for liabilities |  | (13,316) | (13,316)
Net assets |  | 1,458,786 | 1,348,557
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Non-distributable reserve |  | 59,016 | 59,016
Profit and loss account |  | 1,399,769 | 1,289,540
Shareholders' funds |  | 1,458,786 | 1,348,557

Lone Eagle Securities Limited

(Registration number: 04809696)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2026 and signed on its behalf by:

......................................... P J Goodes Director

Lone Eagle Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in Engalnd and Wales.

The address of its registered office is:
Eagle House
1 Babbage Way
Exeter Science Park
Exeter
Devon
EX5 2FN

These financial statements were authorised for issue by the Board on 6 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises rental income, service charges and other recoveries from tenants of the company's investment properties. Rental income includes the income from managed operations. Service charges and other recoveries include income in relation to service charges and directly recoverable expenditure together with any chargeable management fees. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Rental income from investment property leased out under an operating lease is recognised in the profit and loss account on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the net consideration for the use of the property and are therefore recognised on the same straight-line basis.

Lone Eagle Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with FRS 102 Section 1A, as follows:
Investment property is included at fair value. Any surplus or deficit on revaluation is recognised in the profit and loss account. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lone Eagle Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Investment properties

| 2025 £
At 1 January 2025 | 3,800,000
At 31 December 2025 | 3,800,000

Valuation

The fair value of the company's investment property was valued on an open market basis by the directors on 31 December 2025. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £3,740,984 (2024 - £3,740,984). The depreciation on historical cost is £nil (2024 - £nil).

Lone Eagle Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 9,812 | 5,373
Prepayments | 1,644 | 881
| 11,456 | 6,254

6 | Creditors

| Note | 2025 £ | 2024 £
Loans and borrowings | 7 | - | 1,431,583
Trade creditors |  | 4,888 | 2,101
Amounts owed to related parties |  | 2,229,759 | 912,212
Taxation and social security |  | 28,302 | 26,444
Accruals and deferred income |  | 76,406 | 72,042
|  | 2,339,355 | 2,444,382

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Loans owed to related parties | - | 1,431,583