REGISTERED NUMBER: 13899562 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

INTSOL PROPERTY ONE 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

London

N21 3NA

REGISTERED NUMBER:

13899562 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Level 5A

Maple House

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Property, plant and equipment

4

1,544

1,930

Investment property

5

660,000

660,000

661,544

661,930

CURRENT ASSETS

Debtors

6

34,374

39,575

Cash at bank and in hand

7,785

4,163

42,159

43,738

CREDITORS

Amounts falling due within one year

7

387,772

385,925

NET CURRENT LIABILITIES

(345,613

)

(342,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

315,931

319,743

CREDITORS

Amounts falling due after more than one year

8

480,000

480,000

NET LIABILITIES

(164,069

)

(160,257

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11

(164,169

)

(160,357

)

(164,069

)

(160,257

)

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 One 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 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.

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 and is measured at the fair value of the consideration receivable in accordance with rental terms.

Profit/(losses) on disposal of investment property is recognised as other income/(loss).

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings

20% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 November 2024

and 31 October 2025

2,413

DEPRECIATION

At 1 November 2024

483

Charge for year

386

At 31 October 2025

869

NET BOOK VALUE

At 31 October 2025

1,544

At 31 October 2024

1,930

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

660,000

NET BOOK VALUE

At 31 October 2025

660,000

At 31 October 2024

660,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2024

(83,075

)

Cost

743,075

660,000

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

2025

2024

£

£

Cost

743,075

743,075

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

The directors consider that the market values of the properties were as per the values stated in the financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

930

Amounts owed by participating interests

-

930

Other debtors

34,374

37,715

34,374

39,575

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2,400

Amounts owed to group undertakings

375,309

375,258

Taxation and social security

2,285

2,458

Other creditors

10,178

5,809

387,772

385,925

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

480,000

480,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

480,000

480,000

Bank loans is provided by LHV Bank Ltd and is secured by way of fixed charge over the property and other assets of the company and contains a negative pledge. It is a variable rate, interest-only loan carrying interest at 4.25% per annum over Bank of England bas rate, payable monthly, with the full principal of £480,000 repayable as a single bullet payment on the maturity date of 21 September 2029 (drawn down 27 September 2024, 60 month term).

10.	DEFERRED TAX

£

Balance at 1 November 2024

(20,769

)

Charge to Income Statement during year

386

Balance at 31 October 2025

(20,383

)

11.

RESERVES

Retained

earnings

£

At 1 November 2024

(160,357

)

Deficit for the year

(3,812

)

At 31 October 2025

(164,169

)

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)

(62,306)

Distributable profits/(loss)

(101,477)

Total retained earnings at 31 Oct 2025

(163,783)

A deferred tax assets of £20,769 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.

12.	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

13.	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.

Included in debtors, amount falling due within one year, is an amount of £Nil (2024: £930) due from the connected companies. This loan is interest free and repayable on demand.

During the year, the company received services from a company with common shareholders amounting to £939 (2024: £2,576).

During the year, the company provided services to a company with common shareholders amounting to £55,000 (2024: £41,250).

14.	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.

15.	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.