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REGISTERED NUMBER: 06548561 (England and Wales)

FALCON PRECISION HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FALCON PRECISION HOLDINGS LIMITED (REGISTERED NUMBER: 06548561) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

Page |

| Company Information | 1 |

| Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| FALCON PRECISION HOLDINGS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2023

| DIRECTORS: | Mr J Ogden

| Mr K Killick

| REGISTERED OFFICE: | Fryern House

| 125 Winchester Road

| Chandlers Ford

| Hampshire

| SO53 2DR

| REGISTERED NUMBER: | 06548561 (England and Wales)

| ACCOUNTANTS: | Rothmans LLP

| Fryern House

| 125 Winchester Road

| Chandlers Ford

| Hampshire

| SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

FALCON PRECISION HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Falcon Precision Holdings Limited for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Falcon Precision Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Falcon Precision Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Falcon Precision Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Falcon Precision Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Falcon Precision Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Falcon Precision Holdings Limited. You consider that Falcon Precision Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Falcon Precision Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

3 October 2023

FALCON PRECISION HOLDINGS LIMITED (REGISTERED NUMBER: 06548561) |

BALANCE SHEET

31 MAY 2023

2023 | 2022 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investments | 4 | 452,250 |  | 452,250 |  |

CURRENT ASSETS

Cash at bank | 76 |  | 76 |  |

NET CURRENT ASSETS | 76 |  | 76 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 452,326 |  | 452,326 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Share premium | 50,900 |  | 50,900 |  |

Retained earnings | 401,326 |  | 401,326 |  |

SHAREHOLDERS' FUNDS | 452,326 |  | 452,326 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:

Mr J Ogden - Director

Mr K Killick - Director

FALCON PRECISION HOLDINGS LIMITED (REGISTERED NUMBER: 06548561) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

1. | STATUTORY INFORMATION

| Falcon Precision Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06548561 and the registered office is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These finanical 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 presentation currency of the financial statements is the Pound Sterling (£).

| Going concern

| The financial statements have been prepared on the going concern basis.

| Related party exemption

| 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

| The directors do not consider there to be any significant judgements or estimates.

| Financial instruments

| The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

| Taxation

| The charge for taxation is based on the profit for the year and takes into account taxation deferred.

| Current tax is measured at amounts expected to be paid using tax rates and laws that been enacted or substantively enacted by the balance sheet date.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date except that the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.

| 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.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

| Investments

| Investments are initially recorded at cost and carried forward at cost less any impairment.

FALCON PRECISION HOLDINGS LIMITED (REGISTERED NUMBER: 06548561) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2023

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2022 - NIL).

4. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 June 2022

| and 31 May 2023 | 452,250 |  |

| NET BOOK VALUE

| At 31 May 2023 | 452,250 |  |

| At 31 May 2022 | 452,250 |  |