Birmingham Swallow Street Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: 15183141

		31 October 2025		31 October 2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	2,552,787		2,308,382
Debtors	5	46,642		68,781
Cash at bank and in hand		4,897		25,372

		2,604,326		2,402,535
Creditors: Amounts Falling Due Within One Year	6	(1,150,265 )		(131,345 )

NET CURRENT ASSETS (LIABILITIES)			1,454,061		2,271,190

TOTAL ASSETS LESS CURRENT LIABILITIES			1,454,061		2,271,190

Creditors: Amounts Falling Due After More Than One Year	7		(1,719,400 )		(2,331,400 )

NET LIABILITIES			(265,339 )		(60,210 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(265,439 )		(60,310 )

SHAREHOLDERS' FUNDS			(265,339)		(60,210)

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Birmingham Swallow Street Limited

Balance Sheet (continued)

As At 31 October 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 4 August 2026 and were signed on its behalf by:

Mr B G King

Director

The notes on pages 4 to 7 form part of these financial statements.

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Birmingham Swallow Street Limited

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Birmingham Swallow Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15183141 .

The registered office is 9a Burroughs Gardens, London, NW4 4AU.

The principal place of business is Suite 6.08, 16 Berkeley Street, London, W1J 8DZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the understanding that the creditors will continue to support the company for the foreseeable future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

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Birmingham Swallow Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. 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 exense 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.

2.7. 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.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Stocks

	31 October 2025	31 October 2024
	£	£
Work in progress	2,552,787	2,308,382

Work in progress includes property develpment costs at car parking land, Swallow Street Birmingham B2 4NY.

5. Debtors

	31 October 2025	31 October 2024
	£	£
Due within one year
Amounts owed by participating interests	1,800	1,800
Other debtors	44,842	66,981

	46,642	68,781

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Birmingham Swallow Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Creditors: Amounts Falling Due Within One Year

	31 October 2025	31 October 2024
	£	£
Trade creditors	100,093	122,345
Other loans	1,037,161	-
Other creditors	9,000	9,000
Taxation and social security	4,011	-

	1,150,265	131,345

7. Creditors: Amounts Falling Due After More Than One Year

	31 October 2025	31 October 2024
	£	£
Other loans	1,719,400	2,331,400

8. Loans

An analysis of the maturity of loans is given below:

	31 October 2025	31 October 2024
	£	£
Amounts falling due within one year or on demand:
Other loans	1,037,161	-

	31 October 2025	31 October 2024
	£	£
Amounts falling due between one and five years:
Other loans	1,719,400	2,331,400

DGM Global Limited Loan

DGM Global Limited, which is a 70% shareholder of the company, had given an interest-free, unsecured loan to the company for the property development.

At the balance sheet date, the company owed £1,719,400 (2024: £2,331,400) to DGM Global Limited.

Sukuk PLC Loan

During the year, the company also obtained a loan from Sukuk Plc amounting to £1,072,121.98 as at 28 January 2025.

The loan balance includes total interest and other financing charges of £158,122. The loan is secured by a debenture over the company's assets and a legal charge over its property. The loan is repayable within 12 months from the date it was advanced.

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Birmingham Swallow Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Share Capital

	31 October 2025	31 October 2024
Allotted, called up but not fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Related Party Disclosures

Orion Land and Leisure Limited

Under common control

As at balance sheet date, Orion Land and Lesiure Limited owed £1,800 (2025: £1,800) to company.

Transactions with directors

As at balance sheet date, Mr B G King owed £11,884 (2025: £-) to company.

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Directors	Mr B G King
	Mr A Michael

Company Number	15183141

Registered Office	9a Burroughs Gardens
	London
	NW4 4AU

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU