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REGISTERED NUMBER: 06302566 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements For The Year Ended 30 September 2024

for

Cumming Group (FM & Constructor Services
Limited

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 8

Statement of Financial Position 9

Statement of Changes in Equity 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13


Cumming Group (FM & Constructor Services
Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: A Al Jajeh
Ms B A Daniels
D Hutchison





REGISTERED OFFICE: 1 Fellmongers Path
London
SE1 3LY





REGISTERED NUMBER: 06302566 (England and Wales)





INDEPENDENT AUDITORS: Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Strategic Report
For The Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The financial results for the year ended 30th September 2024 reflected the continued growth and development of the company, with strong trading in the year. Overall, the business has continued its growth trajectory by maintaining key relationships with key clients, whilst also actively seeking new development and growth opportunities in its core operating areas.

The business continues to predominantly operate in its core market of Quantity Surveying Consultancy, focussing on Government Sector projects, for Tier 1 Contractors. In addition to QS Consultancy there is a focus on continuing to grow Programme and Project Management services.

We continue to see growth within the team and have again increased our trainee intake, providing resource resilience for the future.

The outlook for the next financial year is positive and the Directors are satisfied that the performance of the business will continue on a positive trajectory, underpinned by the management team in place.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have taken steps to ensure that day to day risks are managed comprehensively by the company by ensuring it has appropriate contracts in place which are further supported by appropriate insurance cover.
Management reports are prepared on a monthly basis; these reports are used to inform the Board on the financial and trading performance of the company and facilitate cash management. Primarily, the business is exposed to the following risks and uncertainties:

Liquidity risk
The company aims to mitigate risk by managing cash generated by its operations.

Credit risk
The company has implemented a policy that requires credit checks on potential customers, where sales will be made on credit, before the transaction takes place. The amount of exposure to any individual counterparty is subject to limit which is regularly assessed by the directors.

Market and competition risk
The directors continue to evaluate our clients and markets that we operate in to ensure the success of the business. We continue to focus on recession resilient sectors and strong Tier 1 contractors to mitigate risk.The Directors remain confident that the business can maximise the opportunities that present themselves in the next twelve months and provide a strong financial performance over this period.

FINANCIAL KEY PERFORMANCE INDICATORS
The directors have identified the following key financial performance indicators:

2024 2023
Turnover £12,999,717 £11,412,284
Net Profit % 11.3% 1.8%
Net Assets £2,220,683 £1,139,086

ON BEHALF OF THE BOARD:





A Al Jajeh - Director


30 June 2025

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Report of the Directors
For The Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

CHANGE OF NAME
The company passed a special resolution on 18 June 2025 changing its name from Close UK Limited to Cumming Group (FM & Constructor Services Limited.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Quantity Surveying

DIVIDENDS
No dividends will be distributed for the year ended 30 September 2024.

DIRECTORS
A Al Jajeh , Ms B A Daniels and D Hutchison were appointed as directors after 30 September 2024 but prior to the date of this report.

B D Allen , L M Jordan , C I Macgregor and D J Welch ceased to be directors after 30 September 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





A Al Jajeh - Director


30 June 2025

Report of the Independent Auditors to the Members of
Cumming Group (FM & Constructor Services
Limited
previously known as Close UK Limited

Opinion
We have audited the financial statements of Cumming Group (FM & Constructor Services Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.
The financial statements for the company for the year ended 30th September 2023 were not audited. Accordingly, we do not express an opinion on the comparative information. During the course of the audit of the year ended 30th September 2024, sufficient appropriate audit evidence was obtained that the opening balances do not contain misstatement that materially affect the current period's financial statements.

Report of the Independent Auditors to the Members of
Cumming Group (FM & Constructor Services
Limited
previously known as Close UK Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Cumming Group (FM & Constructor Services
Limited
previously known as Close UK Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our wider knowledge and experience;
- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and FRS 102.
- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- Considering the internal controls in place, including banking controls, to mitigate risks of fraud and non-compliance with laws and regulations

Audit response to risks identified
To address the risk of fraud through management bias and override of controls, we:
- Performed analytical procedures to identify any unusual or unexpected relationships;
- Tested journal entries to identify unusual transactions;
- Assessed whether judgements and assumptions made in determining the accounting estimates set out were indicative of potential bias; and
- Investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- Agreeing financial statement disclosures to underlying supporting documentation;
- Reading the minutes of meetings of those charged with governance;
- Enquiring of management as to actual and potential litigation and claims; and
- Reviewing correspondence with HMRC, Companies House and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Cumming Group (FM & Constructor Services
Limited
previously known as Close UK Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Janice Alexander (Senior Statutory Auditor)
for and on behalf of Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

1 July 2025

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Statement of Comprehensive
Income
For The Year Ended 30 September 2024

2024 2023
Notes £    £   

TURNOVER 12,999,717 11,412,284

Cost of sales 10,003,205 9,859,940
GROSS PROFIT 2,996,512 1,552,344

Administrative expenses 1,540,453 1,353,639
1,456,059 198,705

Other operating income - 1,500
OPERATING PROFIT 4 1,456,059 200,205

Interest receivable and similar income 8,641 2,531
1,464,700 202,736

Interest payable and similar expenses 5 - 1,816
PROFIT BEFORE TAXATION 1,464,700 200,920

Tax on profit 6 383,103 44,134
PROFIT FOR THE FINANCIAL YEAR 1,081,597 156,786

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,081,597

156,786

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 17,329 55,652

CURRENT ASSETS
Debtors 9 2,709,458 2,377,403
Cash at bank 1,129,604 362,387
3,839,062 2,739,790
CREDITORS
Amounts falling due within one year 10 1,635,708 1,656,356
NET CURRENT ASSETS 2,203,354 1,083,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,220,683

1,139,086

CAPITAL AND RESERVES
Called up share capital 12 180 180
Capital redemption reserve 13 120 120
Retained earnings 13 2,220,383 1,138,786
SHAREHOLDERS' FUNDS 2,220,683 1,139,086

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:





A Al Jajeh - Director


Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Statement of Changes in Equity
For The Year Ended 30 September 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 180 982,000 120 982,300

Changes in equity
Total comprehensive income - 156,786 - 156,786
Balance at 30 September 2023 180 1,138,786 120 1,139,086

Changes in equity
Total comprehensive income - 1,081,597 - 1,081,597
Balance at 30 September 2024 180 2,220,383 120 2,220,683

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Statement of Cash Flows
For The Year Ended 30 September 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 846,197 248,140
Interest paid - (1,816 )
Tax paid (44,134 ) (32,234 )
Net cash from operating activities 802,063 214,090

Cash flows from investing activities
Purchase of tangible fixed assets (424 ) (51,138 )
Sale of fixed asset investments - 35,000
Interest received 8,641 2,531
Net cash from investing activities 8,217 (13,607 )

Cash flows from financing activities
Loan repayments in year - (94,139 )
Amount withdrawn by directors (43,063 ) (35,000 )
Net cash from financing activities (43,063 ) (129,139 )

Increase in cash and cash equivalents 767,217 71,344
Cash and cash equivalents at beginning of
year

2

362,387

291,043

Cash and cash equivalents at end of year 2 1,129,604 362,387

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Notes to the Statement of Cash Flows
For The Year Ended 30 September 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 1,464,700 200,920
Depreciation charges 38,747 27,292
Finance costs - 1,816
Finance income (8,641 ) (2,531 )
1,494,806 227,497
Increase in trade and other debtors (288,992 ) (511,901 )
(Decrease)/increase in trade and other creditors (359,617 ) 532,544
Cash generated from operations 846,197 248,140

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 1,129,604 362,387
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 362,387 291,043


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank 362,387 767,217 1,129,604
362,387 767,217 1,129,604
Total 362,387 767,217 1,129,604

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Cumming Group (FM & Constructor Services 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixed plant and equipment - 33.33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,755,462 3,921,461
Social security costs 485,531 387,741
Other pension costs 86,596 88,344
5,327,589 4,397,546

The average number of employees during the year was as follows:
2024 2023

Directors 4 4
Surveyors 80 75
Admin Support 4 4
Commercial Advisors 7 7
IT 2 2
97 92

2024 2023
£    £   
Directors' remuneration 180,172 177,878
Directors' pension contributions to money purchase schemes 8,563 3,390

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 3,880 3,023
Depreciation - owned assets 38,747 27,293

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest - 1,816

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 383,103 44,134
Tax on profit 383,103 44,134

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,464,700 200,920
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22%)

366,175

44,202

Effects of:
Expenses not deductible for tax purposes 7,395 7,250
Capital allowances in excess of depreciation - (7,318 )
Depreciation in excess of capital allowances 9,533 -
Total tax charge 383,103 44,134

7. PRIOR PERIOD RECLASSIFICATION

In FY23, a balance of £987,273 in respect of work performed but not yet invoiced was reported within Stock on the Statement of Financial Position. This has been reclassified in the comparative and current year and reported as accrued income.

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

8. TANGIBLE FIXED ASSETS
Fixed
plant and
equipment
£   
COST
At 1 October 2023 303,511
Additions 424
At 30 September 2024 303,935
DEPRECIATION
At 1 October 2023 247,859
Charge for year 38,747
At 30 September 2024 286,606
NET BOOK VALUE
At 30 September 2024 17,329
At 30 September 2023 55,652

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,758,949 1,277,967
Accrued income 847,280 987,273
Other debtors - 52,000
Directors' current accounts 78,063 35,000
Prepayments 25,166 25,163
2,709,458 2,377,403

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 337,314 402,135
Tax 383,103 44,134
Social security and other taxes 148,633 122,494
VAT 473,655 359,187
Accrued expenses 293,003 728,406
1,635,708 1,656,356

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 120,732 300,865
Between one and five years 442,580 1,504,324
563,312 1,805,189

Cumming Group (FM & Constructor Services
Limited (Registered number: 06302566)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
180 Ordinary £1 180 180

13. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2023 1,138,786 120 1,138,906
Profit for the year 1,081,597 1,081,597
At 30 September 2024 2,220,383 120 2,220,503

14. RELATED PARTY DISCLOSURES

During the year, the company paid a total of £2,138,049 (2023: £2,745,121) to companies owned by previous Directors of the company for sub-consultancy work.

The company also paid a total of £217,500 (2023: £216,000) to a company owned by the previous Directors of the company for rental of the company's office space.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of Cumming Group (FM & Constructor Services) Limited at 30 September 2024 were the former directors and shareholders. At the date of signing the financial statements, the ultimate controlling party is Chartwell Parent Inc, a company registered in the US. Its registered office is c/o New Mountain Capital LLC, 1633 Broadway, 48th Floor, New York, NY10019.