Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseNo description of principal activity1919truefalse 09835151 2022-09-01 2023-08-31 09835151 2021-09-01 2022-08-31 09835151 2023-08-31 09835151 2022-08-31 09835151 1 2022-09-01 2023-08-31 09835151 d:Director1 2022-09-01 2023-08-31 09835151 d:RegisteredOffice 2022-09-01 2023-08-31 09835151 c:MotorVehicles 2022-09-01 2023-08-31 09835151 c:MotorVehicles 2023-08-31 09835151 c:MotorVehicles 2022-08-31 09835151 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09835151 c:FurnitureFittings 2022-09-01 2023-08-31 09835151 c:FurnitureFittings 2023-08-31 09835151 c:FurnitureFittings 2022-08-31 09835151 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09835151 c:ComputerEquipment 2022-09-01 2023-08-31 09835151 c:ComputerEquipment 2023-08-31 09835151 c:ComputerEquipment 2022-08-31 09835151 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09835151 c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09835151 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 09835151 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-31 09835151 c:CurrentFinancialInstruments 2023-08-31 09835151 c:CurrentFinancialInstruments 2022-08-31 09835151 c:Non-currentFinancialInstruments 2023-08-31 09835151 c:Non-currentFinancialInstruments 2022-08-31 09835151 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 09835151 c:CurrentFinancialInstruments c:WithinOneYear 2022-08-31 09835151 c:Non-currentFinancialInstruments c:AfterOneYear 2023-08-31 09835151 c:Non-currentFinancialInstruments c:AfterOneYear 2022-08-31 09835151 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-08-31 09835151 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-08-31 09835151 c:ShareCapital 2023-08-31 09835151 c:ShareCapital 2022-08-31 09835151 c:RetainedEarningsAccumulatedLosses 2023-08-31 09835151 c:RetainedEarningsAccumulatedLosses 2022-08-31 09835151 c:AcceleratedTaxDepreciationDeferredTax 2023-08-31 09835151 c:AcceleratedTaxDepreciationDeferredTax 2022-08-31 09835151 c:TaxLossesCarry-forwardsDeferredTax 2023-08-31 09835151 c:TaxLossesCarry-forwardsDeferredTax 2022-08-31 09835151 c:RetirementBenefitObligationsDeferredTax 2023-08-31 09835151 c:RetirementBenefitObligationsDeferredTax 2022-08-31 09835151 d:OrdinaryShareClass1 2022-09-01 2023-08-31 09835151 d:OrdinaryShareClass1 2023-08-31 09835151 d:OrdinaryShareClass1 2022-08-31 09835151 d:FRS102 2022-09-01 2023-08-31 09835151 d:Audited 2022-09-01 2023-08-31 09835151 d:FullAccounts 2022-09-01 2023-08-31 09835151 d:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09835151 c:Subsidiary1 2022-09-01 2023-08-31 09835151 c:Subsidiary1 1 2022-09-01 2023-08-31 09835151 c:WithinOneYear 2023-08-31 09835151 c:WithinOneYear 2022-08-31 09835151 d:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09835151 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:ExternallyAcquiredIntangibleAssets 2022-09-01 2023-08-31 09835151 2 2022-09-01 2023-08-31 09835151 6 2022-09-01 2023-08-31 09835151 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:OwnedIntangibleAssets 2022-09-01 2023-08-31 09835151 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09835151









NEXUS GREEN LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
NEXUS GREEN LIMITED
 
 
COMPANY INFORMATION


Director
T Verma 




Registered number
09835151



Registered office
100 Avebury Boulevard

Milton Keynes

MK9 1FH




Independent auditors
Sturgess Hutchinson (Leicester) Limited
Chartered Certified Accountants and Registered Auditors

21 New Walk

Leicester

LE1 6TE





 
NEXUS GREEN LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 15


 
NEXUS GREEN LIMITED
REGISTERED NUMBER: 09835151

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
14,198
13,456

Tangible assets
 5 
1,801,963
1,043,853

Investments
 6 
19,706
19,706

  
1,835,867
1,077,015

Current assets
  

Stocks
  
358,288
1,203,021

Debtors: amounts falling due within one year
 7 
6,820,103
2,856,246

Current asset investments
 8 
384,208
249,843

Cash at bank and in hand
  
3,633,068
2,976,710

  
11,195,667
7,285,820

Creditors: amounts falling due within one year
 9 
(13,271,978)
(8,968,569)

Net current liabilities
  
 
 
(2,076,311)
 
 
(1,682,749)

Total assets less current liabilities
  
(240,444)
(605,734)

Creditors: amounts falling due after more than one year
 10 
(19,189)
(28,285)

Provisions for liabilities
  

Deferred tax
 12 
(203,323)
(50,386)

  
 
 
(203,323)
 
 
(50,386)

Net liabilities
  
(462,956)
(684,405)


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
(463,056)
(684,505)

Total equity
  
(462,956)
(684,405)


Page 1

 
NEXUS GREEN LIMITED
REGISTERED NUMBER: 09835151
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T Verma
Director

Date: 3 March 2025

The notes on pages 3 to 15 form part of these financial statements.

Page 2

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Nexus Green Limited (the "Company") is a private company limited by shares, incorporated and registered in England and Wales. Registered number: 09835151. Its registered head office is located at 100 Avebury Boulevard, Milton Keynes, MK9 1FH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Going concern

The accounts have been prepared on a going concern despite net liabilities of £461,734 (2022: £684,405) on the basis that the director and the shareholders of the company have agreed and confirmed to support the company for the foreseeable future.

 
2.3

Foreign currency translation

Functional and presentation currency
The Company's functional and presentation currency is GBP and amounts included in these financial statements are rounded to the nearest pound.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in Other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development costs
-

20% on cost

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
33% on cost
Fixtures and fittings
-
20% on cost
Computer equipment
-
20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Page 7

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.16
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022: 19).

Page 8

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Development costs

£



Cost


At 1 September 2022
16,147


Additions
3,972



At 31 August 2023

20,119



Amortisation


At 1 September 2022
2,691


Charge for the year
3,230



At 31 August 2023

5,921



Net book value



At 31 August 2023
14,198



At 31 August 2022
13,456



Page 9

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 September 2022
191,757
915,407
57,062
1,164,226


Additions
5,652
960,566
33,652
999,870



At 31 August 2023

197,409
1,875,973
90,714
2,164,096



Depreciation


At 1 September 2022
39,718
69,238
11,417
120,373


Charge for the year
45,033
184,431
12,296
241,760



At 31 August 2023

84,751
253,669
23,713
362,133



Net book value



At 31 August 2023
112,658
1,622,304
67,001
1,801,963



At 31 August 2022
152,039
846,169
45,645
1,043,853


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 September 2022
19,706



At 31 August 2023
19,706






Net book value



At 31 August 2023
19,706



At 31 August 2022
19,706

Page 10

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Nexus Green Renewables Ltd
Henley Business Park, Ntinda Road, Kampala, Uganda
Ordinary
90%


7.


Debtors

2023
2022
£
£


Trade debtors
9,711
387,213

Amounts owed by group undertakings
285,568
592,937

Other debtors
6,422,232
1,634,349

Prepayments
102,592
241,747

6,820,103
2,856,246


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


8.


Current asset investments

2023
2022
£
£

Other investments
384,208
249,843



9.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans (note 11)
10,003
9,808

Trade creditors
11,476,903
8,675,141

Corporation tax
71,553
105,453

Other taxation and social security
48,687
102,544

Other creditors
91,070
65,323

Accruals and deferred income
1,573,762
10,300

13,271,978
8,968,569


Page 11

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans (note 11)
19,189
28,285



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,003
9,808

Amounts falling due 1-2 years

Bank loans
19,189
28,285

29,192
38,093


Page 12

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

12.


Deferred taxation




2023


£






At beginning of year
(50,386)


Charged to profit or loss
(152,937)



At end of year
(203,323)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
372,759
186,415

Short term timing differences
(2,240)
(16)

Losses and other deductions
(573,842)
(236,785)

Total deferred tax asset
(203,323)
(50,386)


13.


Called up share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022: 100) Ordinary shares of £1.00 each
100
100

There is a single class of Ordinary shares. There are no restrictions on dividends and repayment of capital.



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £2,280 (2022: £146) were payable to the fund at the reporting date and are included within Other creditors.

Page 13

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

15.


Commitments under operating leases

At the reporting date, the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
52,395
15,744


16.


Director's transactions

%
Opening balance (Restated)
Amounts advanced
Amounts repaid
Closing balance
      Rate
        £
        £
        £
        £

Mr T Verma

2.00

312,048

281,342
 
(69,334)
 
524,056


This loan is repayable on demand.


17.


Related party transactions

As at 31 August 2023, the company owed £4,449 (2022: £7,856) to Define Group Limited, a company in which Tarun Verma is a director. The amount is included within other creditors. This loan is interest free and repayable on demand.
As at 31 August 2023, the company was owed £295,918
 (2022: £585,081) in respect of loans and advances to Nexus Green Renewables Ltd, a related party. The amount is included within amounts due from related party.


18.


Subsequent events

There have been no significant events affecting the Company since the reporting date.


19.


Ultimate controlling party

Tarun Verma is the ultimate controlling party.

Page 14

 
NEXUS GREEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

20.


Auditors' information

As the Statement of Income and Retained Earnings has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditors' report on the financial statements for the year ended 31 August 2023 was unqualified.

The audit report was signed on 4 March 2025 by Mr Jagdish Petha FCCA (Senior Statutory Auditor) on behalf of Sturgess Hutchinson (Leicester) Limited.

Page 15