REGISTERED NUMBER: 11270162 (England and Wales)

MACASA PROPERTY & MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Andreou

S Andreou

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

HA1 3EX

REGISTERED NUMBER:

11270162 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investment property

4

1,236,000

1,236,000

CURRENT ASSETS

Debtors

5

266

-

Cash at bank

-

2,645

266

2,645

CREDITORS

Amounts falling due within one year

6

478,340

452,027

NET CURRENT LIABILITIES

(478,074

)

(449,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

757,926

786,618

CREDITORS

Amounts falling due after more than one year

7

(560,635

)

(588,191

)

PROVISIONS FOR LIABILITIES

9

(32,516

)

(32,516

)

NET ASSETS

164,775

165,911

CAPITAL AND RESERVES

Called up share capital

10

400

400

Revaluation reserve

11

138,621

138,621

Retained earnings

11

25,754

26,890

SHAREHOLDERS' FUNDS

164,775

165,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

C Andreou - Director

1.	STATUTORY INFORMATION

Macasa Property & Management Limited 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.

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”, applying the presentation and disclosure provisions of Section 1A “Small Entities”, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value.

Turnover

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

Rental income from operating leases is recognised on a straight-line basis over the lease term, unless another systematic basis is more representative of the pattern in which the benefit from the leased property is diminished. Lease incentives are recognised as a reduction of rental income over the lease term.

Investment property

Investment properties are properties held to earn rental income, for capital appreciation, or both. They are initially recognised at cost and subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Investment properties measured at fair value are not depreciated. Expenditure on repairs and maintenance is recognised in profit or loss as incurred; expenditure meeting the asset recognition criteria is capitalised.

Taxation

Taxation for the year 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 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.

Financial instruments

Cash and basic financial liabilities are initially recognised at the transaction price, including directly attributable transaction costs, unless the arrangement constitutes a financing transaction. Basic financial liabilities are subsequently measured at amortised cost using the effective interest method. Short-term creditors are measured at the undiscounted amount payable unless they constitute a financing transaction.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,236,000

NET BOOK VALUE

At 31 March 2026

1,236,000

At 31 March 2025

1,236,000

At 31 March 2026, the company's investment properties were carried at a fair value of £1,236,000 (2025:

£1,236,000). The investment properties were independently valued by the Director based on his online research.The director is of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore he has adopted the fair value based on his research. The directors have considered these valuations in assessing the fair value of the investment properties at 31 March 2026. The directors consider that the carrying value of £1,236,000 remains an appropriate estimate of the fair value of the investment properties at 31 March 2026. Accordingly, no fair value adjustment has been recognised during the financial year.Had the property been measured under the cost model, its carrying amount at 31 March 2026 would have been £1,064,863.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

266

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

47,295

5,496

Taxation and social security

-

1,780

Other creditors

431,045

444,751

478,340

452,027

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

560,635

25,478

Other creditors

-

562,713

560,635

588,191

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

457,475

-

Bank loans more than 5 years

-

562,713

457,475

562,713

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

-

562,713

Bank loans

582,453

-

582,453

562,713

Bank Loans are secured by way of a fixed charge over the investment properties.

9.	PROVISIONS FOR LIABILITIES

The provision for deferred tax principally relates to the temporary differences arising from the revaluation of the company's investment properties to fair value. It has been measured at 19% using the tax rate expected to apply when those differences reverse. The provision was £32,516 at 31 March 2026 (2025: £32,516). There was no movement during the financial year.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

A Ordinary

£1

100

100

100

B Ordinary

£1

100

100

100

C Ordinary

£1

100

100

100

D Ordinary

£1

100

100

400

400

The issued share capital comprises 100 A ordinary, 100 B ordinary, 100 C ordinary and 100 D ordinary shares of £1 each.

The share-for-share exchange changed the ownership of the company’s existing shares. It did not result in an issue of shares by the company or a change in its issued share capital.

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2025

26,890

138,621

165,511

Deficit for the year

(1,136

)

(1,136

)

At 31 March 2026

25,754

138,621

164,375

The investment property fair value reserve represents accumulated unrealised fair value gains on investment properties, net of related deferred tax, transferred from retained earnings. Fair value movements are recognised in profit or loss before transfers between reserves.

12.	RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amount falling due within one year, is the amount of £275,924 (2025: £289,401) owed to related party in which the director S Andreou has beneficial interest.

At the year-end date, included within creditors, amounts falling due within one year, are the amounts of £152,001 (2025: £152,830) director C Andreou.

These amounts are unsecured, interest-free and payable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Savvas Andreou by virtue of his shareholdings in Sea Pebbles UK Limited.

On 28 April 2025, Sea Pebbles (UK) Limited acquired 100% of the company’s issued share capital and 100% of its voting rights through a share-for-share exchange. Sea Pebbles (UK) Limited, a company incorporated in England and Wales, is the company’s immediate parent undertaking [and ultimate parent undertaking, if confirmed]. Its registered office is 2nd Floor, One Hobbs House, Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX.

The parent undertaking has taken advantage of the small-group exemption from preparing consolidated financial statements under section 399(2A) of the Companies Act 2006. Accordingly, no consolidated financial statements are prepared by that parent undertaking.