REGISTERED NUMBER: 12868289 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

INTSOL PROPERTY INVESTMENT LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A S Kounnis

P D A Karras

REGISTERED OFFICE:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

REGISTERED NUMBER:

12868289 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Level 5A

Maple House

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Investment property

4

1,815,000

1,815,000

CURRENT ASSETS

Debtors

5

145,727

123,208

Cash at bank and in hand

33,670

100,619

179,397

223,827

CREDITORS

Amounts falling due within one year

6

1,220,102

1,211,145

NET CURRENT LIABILITIES

(1,040,705

)

(987,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

774,295

827,682

CREDITORS

Amounts falling due after more than one year

7

985,000

1,076,519

NET LIABILITIES

(210,705

)

(248,837

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

(210,805

)

(248,937

)

(210,705

)

(248,837

)

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 Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

P D A Karras - Director

1.	STATUTORY INFORMATION

Intsol Property Investment 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 as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. 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.

Revenue

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

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.

Sale of accommodation

The contract to provide accommodation is established when the customer books accommodation. The performance obligation is the right to use accommodation for a given number of nights, and the transaction price is the room rate for each night determined at the time of the booking. The performance obligation is met when the customer is given the right to use the accommodation, and so revenue is recognised for each night as it takes place, at the room rate for that night.

Customers may pay in advance for accommodation. In this case the Company has received consideration for

services not yet provided. This is treated as a contract liability until the performance obligation is met.

Sale of food and beverage

The contract is established when the customer orders the food or drink item and the performance obligation is the provision of food and drink by the outlet. The performance obligation is satisfied when the food and drink is delivered to the customer, and revenue is recognised at this point at the price for the items purchased. Payment is made on the same day and consequently there are no contract assets or liabilities.

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 and losses at the rate expected to apply if the property is sold at the balance sheet date.

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,815,000

NET BOOK VALUE

At 31 October 2025

1,815,000

At 31 October 2024

1,815,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2023

(442,694

)

Cost

2,257,694

1,815,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

2,257,694

2,257,694

Investment property was valued on on open market basis on 31 October 2025 by directors of the company .

The directors consider that the market value of the investment property is as per the value stated in the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,303

1,699

Amounts owed by group undertakings

-

829

Other debtors

-

6,661

Deferred tax asset

110,673

110,673

Prepayments

32,751

3,346

145,727

123,208

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

26,573

Trade creditors

2,000

4,893

Amounts owed to group undertakings

1,165,474

1,132,925

Tax

28,846

30,571

Social security and other taxes

91

27

VAT

20,091

13,203

Net wages

-

223

Accrued expenses

3,600

2,730

1,220,102

1,211,145

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan more than 1 year

985,000

1,076,519

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

985,000

1,103,092

Bank loans is providede by Tab London Limited and is secured by way of fixed charge over the property and other assets of the company and contains negative pledge. Interest is charged at 6% per annum over the higher of Bank of England base rate or 2.5% payable monthly in advance. The loan is repayable in full 24 months from drawdown (November 2024), i.e. around October 2026.

9.

RESERVES

Included with in retained earnings is an undistributable element attributable to the unrealised loss on revaluation of the investments property.

Retained

Earnings

(£)

Undistributable profits/(loss)

(332,021)

Distributable profits/(loss)

121,216

Total retained earnings at 31 Oct 2025

(210,805)

A deferred tax assets of £110,673 has been recognised in respect of these undistributable loss.

These unrealised loss on investment properties are retained within the reserves but are considered non-distributable under FRS 102 (Section 1A) given their unrealised status and the associated deferred tax obligation.

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

The Report of the Auditors was unqualified.

Robert Perez (FCA) (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	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 with wholly owned subsidiaries within the group.

During the year, the company received services from a company with common shareholders amounting to £1,733 (2024: £6,808).

During the year, the company provided services to a company with common shareholders amounting to £144,000 (2024: £144,000).

12.	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.

13.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is The Intsol Group Ltd, incorporated in England and Wales. The ultimate controlling parties are Paul Karras, Gelareh Karras, Antonio Savvas Kounnis and Anna Kounnis by virtue of their holding in the parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by The

Intsol Group Ltd which is incorporated in 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.