Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

LEE, Alan Kam Hung
VIELLE, Christophe Claude

The director shown below has held office during the period of
1 January 2025 to 28 November 2025

HUNT, Paul David William

The director shown below has held office during the period of
14 October 2025 to 31 December 2025

KOO, Kevin Kane

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 September 2026

And signed on behalf of the board by:
Name: LEE, Alan Kam Hung
Status: Director

Balance sheet

As at 31 December 2025

	Notes	2025	2024
		£	£
Fixed assets
Investments:	3	41,647,094	39,104,828
Total fixed assets:		41,647,094	39,104,828
Current assets
Debtors:	4	12,465	6,742
Cash at bank and in hand:		528,650	479,657
Total current assets:		541,115	486,399
Creditors: amounts falling due within one year:	5	( 507,185 )	( 73,597 )
Net current assets (liabilities):		33,930	412,802
Total assets less current liabilities:		41,681,024	39,517,630
Creditors: amounts falling due after more than one year:	6	( 25,735,338 )	( 24,755,493 )
Total net assets (liabilities):		15,945,686	14,762,137
Capital and reserves
Called up share capital:		41,430	41,430
Profit and loss account:		15,904,256	14,720,707
Total Shareholders' funds:		15,945,686	14,762,137

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Valuation information and policy

  The Company measured its investment in its subsidiary at fair value through profit or loss. The fair value was determined using valuation techniques based on adjusted net asset value and other relevant market information.

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0

  The Company has no employees. None of the directors received or will receive any fees or emoluments in respect of their services as directors of the Company.