REGISTERED NUMBER: 15712639 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 10 MAY 2024 TO 31 OCTOBER 2025

FOR

MADEN PROPERTY HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O Aziz

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

15712639 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Investment property

4

2,837,055

CURRENT ASSETS

Debtors

5

545,954

Cash at bank and in hand

10,183

556,137

CREDITORS

Amounts falling due within one year

6

209,644

NET CURRENT ASSETS

346,493

TOTAL ASSETS LESS CURRENT LIABILITIES

3,183,548

CREDITORS

Amounts falling due after more than one year

7

(3,281,561

)

PROVISIONS FOR LIABILITIES

(250,692

)

NET LIABILITIES

(348,705

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(348,805

)

(348,705

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

O Aziz - Director

1.	STATUTORY INFORMATION

Maden Property Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as and when they fall due. Also, the director will continue to support the company when required. Furthermore, the holding company has undertaken to provide continuing financial support so that the company is able to pay its debts as and when they fall due.

Significant judgements and estimates

In the application of the company's accounting policies, the director is 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement, net of value added tax.

Where rental income is received in advance of the period to which it relates, it is recognised as deferred income. Where rental income is due but not yet received and relates to a current or past period, it is recognised as accrued income.

Investment property

Investment property, which is property held to earn rentals or for capital appreciation or both, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure such as legal fees, property transfer taxes, and other transaction costs.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the continued use of the asset.

Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

2,837,055

At 31 October 2025

2,837,055

NET BOOK VALUE

At 31 October 2025

2,837,055

The investment properties were acquired from fellow group undertakings on 16 January 2025 at market value determined by independent RICS registered valuers. The properties were initially recognised at cost, comprising the purchase consideration, directly attributable acquisition costs and capital improvements.

At 31 October 2025 the director assessed the fair value of the properties by reference to the independent valuations obtained on acquisition, updated for movements in local property market indices since the valuation dates and for property-specific factors, including the rental income achieved and capital works completed. On this basis the director considers that the fair value of the properties at 31 October 2025 is not materially different from their carrying amount and no fair value gain or loss has been recognised in the period.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

529,143

Other debtors

16,811

545,954

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,974

Amounts owed to group undertakings

187,000

Other creditors

19,670

209,644

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,805,639

Amounts owed to group undertakings

1,475,922

3,281,561

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,805,639

Bank loans are secured by fixed charges over the company's freehold properties and contain negative pledge provisions.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bradley Kelly BA BFP ACA FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions entered into with other wholly owned members of the group.

Included in debtors, amounts falling due within one year, is an amount of £529,143 owed by group undertakings. This loan is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount of £187,000 owed to group undertakings. This loan is interest free and repayable on demand.

Included in creditors, amounts falling due after more than one year, is an amount of £1,475,922 owed to group undertakings. The loan bear interest at 2% above the Bank of England base rate, are unsecured, and are repayable in full on 16 January 2030.

11.	POST BALANCE SHEET EVENTS

No significant events have occurred between the reporting date, 31 Oct 2025, and the date the financial statements were authorized for issue that would require adjustment to or disclosure in the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Maden Group Ltd, incorporated in England and Wales. The ultimate controlling parties are the shareholders of Maden Group Ltd by virtue of their holdings in the parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by Maden Group Ltd which is incorporated in the United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office being 1 Kings Avenue, London, United Kingdom, N21 3NA.