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REGISTERED NUMBER: 10057632 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |

| FOR |

| BROAD STREET REAL ESTATE GROUP LIMITED |

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

BALANCE SHEET

30 SEPTEMBER 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | - |  | 39,823,525 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 11,085,922 |  |

Cash at bank | 2,289 |  | 628 |  |

2,289 |  | 11,086,550 |  |

CREDITORS

Amounts falling due within one year | 6 | (12,591,290 | ) | (20,530,747 | ) |

NET CURRENT LIABILITIES | (12,589,001 | ) | (9,444,197 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (12,589,001 | ) | 30,379,328 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (17,909,573 | ) |

NET (LIABILITIES)/ASSETS | (12,589,001 | ) | 12,469,755 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 6 |  | 6 |  |

Share premium | 18,980,284 |  | 18,980,284 |  |

Retained earnings | (31,569,291 | ) | (6,510,535 | ) |

SHAREHOLDERS' FUNDS | (12,589,001 | ) | 12,469,755 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

BALANCE SHEET - continued

30 SEPTEMBER 2024

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 10 August 2026 and were signed on its behalf by:

M A J Sharples - Director

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Broad Street Real Estate Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 10057632

| Registered office: | Suite S57 Cheadle Place

| Stockport Road

| Cheadle

| SK8 2JX

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investments in subsidiaries

| Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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 in the company's balance sheet 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 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. This latter method applies to the amounts owed by participating interests, which are carried at the expected net present value of future receipts, with the movement being recognised in the statement of comprehensive income. Financial assets classified as receivable within one year are not amortised.

| Derecognition of financial assets

| 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 part that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| 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 company after deducting all of its liabilities.

| Basic financial 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.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Equity instruments

| Equity instruments issued by the company 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 company.

| Employee benefits

| 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.

| Going concern

| At the balance sheet date liabilities exceeded the assets by £12,589,001. The company successfully entered into a Company Voluntary Arrangement (CVA) on 14th March 2024, enabling a restructure and taking advantage of its potential profitable opportunities.

| The directors, therefore consider it appropriate to prepare the financial statements on the going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - 5 ).

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2023 | 39,823,525 |  |

| Disposals | (39,823,525 | ) |

| At 30 September 2024 | - |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  |

| At 30 September 2023 | 39,823,525 |  |

5. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | - |  | 10,604 |  |

| Amounts owed by group undertakings | - |  | 2,465,821 |  |

| Other debtors | - |  | 1,054 |  |

- |  | 2,477,479 |  |

| Amounts falling due after more than one year:

| Amounts owed by participating interests | - |  | 8,608,443 |  |

| Aggregate amounts | - |  | 11,085,922 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | - |  | 3,994,892 |  |

| Trade creditors | - |  | 330,694 |  |

| Amounts owed to group undertakings | - |  | 13,756,933 |  |

| Taxation and social security | - |  | 890,007 |  |

| Other creditors | 12,591,290 |  | 1,558,221 |  |

12,591,290 |  | 20,530,747 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other creditors | - |  | 17,909,573 |  |

BROAD STREET REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 10057632)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 600 | Ordinary | 0.01 | 6 |  | 6 |  |

9. | CONTINGENT LIABILITIES

| As per the terms of the Company Voluntary Administration (CVA), any creditor of the CVA whose position has been compromised as part of the CVA shall revert to their full entitlement, as though the CVA did not happen, should the CVA fail.

10. | POST BALANCE SHEET EVENTS

| The company entered into a CVA (Company Voluntary Arrangement) on 14th March 2024.

| The CVA completed post year end on 3rd April 2025.

11. | ULTIMATE CONTROLLING PARTY

| The directors consider there to be no ultimate controlling party.