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REGISTERED NUMBER: 12408492 (England and Wales)

Group Strategic Report,

Report of the Directors and

Audited Consolidated Financial Statements

for the Year Ended 31 December 2024

for

Prestige Worldwide Group Limited

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Contents of the Consolidated Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 5 |

| Consolidated Profit and Loss Account | 7 |

| Consolidated Balance Sheet | 8 |

| Company Balance Sheet | 9 |

| Consolidated Statement of Changes in Equity | 10 |

| Company Statement of Changes in Equity | 11 |

| Consolidated Cash Flow Statement | 12 |

| Notes to the Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Financial Statements | 14 |

| Prestige Worldwide Group Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr P Cobb

| Mr P N Lilley

| REGISTERED OFFICE: | Unit 3a, Hylton Park, Sunderland Enterpr

| Wessington Way,

| Sunderland

| SR5 3HD

| REGISTERED NUMBER: | 12408492 (England and Wales)

| AUDITORS: | Robson Laidler Accountants Limited

| Fernwood House

| Fernwood Road

| Newcastle upon Tyne

| NE2 1TJ

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Group Strategic Report

for the Year Ended 31 December 2024

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

The Directors are very pleased to present this set of results for the annual trading ending 31 Dec 2024.

The Group's main trading entity is Green Energy Advice Bureau ("GEAB") and is a market leading consultancy with a specialisation in the provision of energy services and related technologies.

Strategy

The key strategic objectives for the period ending 31 December 2024 were to:

- |  | build on last year's success of the business and continue to improve financial returns |

- |  | continue to improve customer renewal rates |

- |  | fund further investment in technology advances to increase automation within the systems. |

REVIEW OF BUSINESS

The Board consider EBITDA to be one of the primary KPI metrics, alongside revenue and renewal rates, and this year has been a great success against all those measures.

KPI's

| 2024 |  |  | 2023 |

| Annualised |  |  | 9 mths |

Turnover (£,000) |  | 13,213.3 |  |  | 11,593.8 |  |  | 8,695.3 |

EBITDA (£,000) |  | 6,123.9 |  |  | 4,986.5 |  |  | 3,739.8 |

EBITDA % |  | 46.6% |  |  | 43.0% |  |

Cash at bank (£,000) |  | 3,496.8 |  |  | 2,485.5 |  |

Average number of employees |  | 83 |  |  | 78 |  |

Once again, this year, we have produced our best statutory accounts to date. Revenue this year grew to a record £13.2m cash sales against a prior year annualised run-rate of £11.6m revenue, a sales growth of a further +14% year on year.

The re-structuring strategy, which began in Sept 2022, continued through this year and generated further significant cost reductions, including £220k within property costs due to the consolidation of sites into the Head office building in Sunderland. Combined with the revenue performance, this resulted in consecutive improvements in the EBITDA performance.

From an FY23 run rate of £11.6m of revenue and £5.0m of EBITDA, we saw unfaltering improvements in the financial results to £13.2m revenue and £6.1m of EBITDA. This was also a rise in percentage terms from 43% to 46.4%.

It is important when reading these accounts to take notice of paragraph 2 of note 3 to the Financial Statements which highlights our extremely prudent revenue policy.

Unlike our key competitors, we only recognise revenue when it can be invoiced to the supplier and collected within normal trading terms. As a result, our declared profits will be generated as increased cash into the business as opposed to a deferred revenue pot in the Balance sheet. As a comparison, were we to recognise full contract value as revenue and make the relevant provision against potential under-usage, EBITDA for the period to 31 December 2024 would increase to £9.5m.

The company moved into the sphere of Quarterly Instalment Payments (QIP's) for corporation tax during 2024, resulting in a significant increase of the in-year payments as both the 2023 liability (£696k) due in October and the estimated 2024 liability (£1.34m) became payable. The company was able to meet these increased demands whilst still increasing its cash at bank position by over £1m to £3.5m.

The company was also able to deliver all these performance increases with only a small increase in the average headcount, up only 6.4% from 78 to 83. Technology has continued to play an important role in much of this growth capability with the plan to continue this at a pace in 2025.

On a non-financial front, the business has implemented a significantly improved customer journey over the last two years, and this has resulted in two thirds of our income now being generated from Existing Customers and a third from Acquisition. In addition to winning large 'TPI of the Year' at the Energy Awards 2024. This is a testament to the quality of our business and is driving, even further, the ambition to continuously improve.

TRADING ENVIRONMENT

Whilst the backdrop to 2024 was substantially more stable than the previous 24 months, it still endured the on-going risks between Russia and Ukraine, the USA election with subsequent market reactions, the continued tensions in the Middle East and ever-changing pressures on the Global energy markets including supply chain.

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Group Strategic Report

for the Year Ended 31 December 2024

SHORT TO MEDIUM TERM GROWTH

These improved results have cemented a level of performance and delivery from a strengthened Board giving consistently growing revenue results from a stable, experienced sales force. The Directors have strong growth plans for 2025, and the above trends have continued during Q1.

ON BEHALF OF THE BOARD:

Mr P Cobb - Director

4 September 2025

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Report of the Directors

for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS

Interim dividends per share were paid during the year as follows:

C Ordinary 1p | - | £1030750

D Ordinary 1p | - £540.884

E 1p | - £1235.4443

F 1p | - £1875.6552

G 1p | - £1017.7854

H 1p | - £1017.7854

I 1p | - £856.43423

The total distribution of dividends for the year ended 31 December 2024 will be £ 2,451,239 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr P Cobb

Mr P N Lilley

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Robson Laidler Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr P Cobb - Director

4 September 2025

Report of the Independent Auditors to the Members of

Prestige Worldwide Group Limited

Opinion

We have audited the financial statements of Prestige Worldwide Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Profit and Loss Account, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 December 2024 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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.

Report of the Independent Auditors to the Members of

Prestige Worldwide Group Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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:

The risk of material misstatement due to error or fraud has been assessed in conjunction with how internal controls may mitigate any such risk. These controls are reviewed as part of the audit by performing system walkthroughs to ensure the are operating effectively. Analytical review and substantive testing is also performed on all material balances and therefore any instances of non-compliance should be identified or considered as insignificant. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team;

- |  | Obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework, in which the company operates and how the company complies with that legal and regulatory framework. |

- |  | Inquired with management and those charged with governance about their own identification and assessment of the risks and irregularities, including any known actual, suspected or alleged instances of fraud. |

- |  | Discussed with management and those charged with governance any non-compliance with laws and regulations and how fraud might occur including assessments of how and where the financial statements may be susceptible to fraud. |

The risk of management override of controls was also considered an area of potential misstatement due to fraud. Audit procedures performed including testing of manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business.

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.

Other matters

The comparative financial statements were not audited. While the previous accounting period was not audited, we have obtained sufficient appropriate audit evidence to determine that the opening balances are not materially misstated.

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.

Michael Moran (Senior Statutory Auditor)

for and on behalf of Robson Laidler Accountants Limited

Fernwood House

Fernwood Road

Newcastle upon Tyne

NE2 1TJ

5 September 2025

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Consolidated

Profit and Loss Account

for the Year Ended 31 December 2024

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

TURNOVER | 4 | 13,213,330 |  | 8,695,336 |  |

Cost of sales | (4,913,008 | ) | (2,964,932 | ) |

GROSS PROFIT | 8,300,322 |  | 5,730,404 |  |

Administrative expenses | (2,475,348 | ) | (2,168,230 | ) |

OPERATING PROFIT | 6 | 5,824,974 |  | 3,562,174 |  |

Profit/loss on sale of operatn | 7 | (431,775 | ) | 169,956 |  |

5,393,199 |  | 3,732,130 |  |

Interest payable and similar expenses | 8 | (293,059 | ) | (272,744 | ) |

PROFIT BEFORE TAXATION | 5,100,140 |  | 3,459,386 |  |

Tax on profit | 9 | (1,319,746 | ) | (707,887 | ) |

PROFIT FOR THE FINANCIAL YEAR | 3,780,394 |  | 2,751,499 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Consolidated Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 12 | 69,738 |  | 93,787 |  |

Tangible assets | 13 | 372,746 |  | 415,465 |  |

Investments | 14 | - |  | - |  |

442,484 |  | 509,252 |  |

CURRENT ASSETS

Debtors | 15 | 1,996,819 |  | 1,300,705 |  |

Cash at bank and in hand | 3,497,186 |  | 2,485,914 |  |

5,494,005 |  | 3,786,619 |  |

CREDITORS

Amounts falling due within one year | 16 | (2,087,364 | ) | (2,970,230 | ) |

NET CURRENT ASSETS | 3,406,641 |  | 816,389 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,849,125 |  | 1,325,641 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (3,020,078 | ) | (1,856,349 | ) |

PROVISIONS FOR LIABILITIES | 21 | (97,175 | ) | (66,575 | ) |

NET ASSETS/(LIABILITIES) | 731,872 |  | (597,283 | ) |

CAPITAL AND RESERVES

Called up share capital | 22 | 118 |  | 118 |  |

Profit and loss account | 23 | 731,754 |  | (597,401 | ) |

SHAREHOLDERS' FUNDS | 731,872 |  | (597,283 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr P Cobb - Director

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Company Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 12 | - |  | - |  |

Tangible assets | 13 | - |  | - |  |

Investments | 14 | 1,900 |  | 2,001 |  |

1,900 |  | 2,001 |  |

CURRENT ASSETS

Debtors | 15 | - |  | 537,609 |  |

Cash in hand | - |  | 117 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,900 |  | 539,727 |  |

CAPITAL AND RESERVES

Called up share capital | 22 | 118 |  | 118 |  |

Share premium | 23 | 2,000 |  | 2,000 |  |

Profit and loss account | 23 | (218 | ) | 537,609 |  |

SHAREHOLDERS' FUNDS | 1,900 |  | 539,727 |  |

Company's profit for the financial year | 1,913,412 |  | 727,460 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr P N Lilley - Director

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Consolidated Statement of Changes in Equity

for the Year Ended 31 December 2024

| Called up |  | Profit |

| share |  | and loss |  | Total

| capital |  | account |  | equity

£ | £ | £ |

Balance at 30 March 2023 | 100 |  | (2,621,440 | ) | (2,621,340 | ) |

Changes in equity

Issue of share capital | 18 |  | - |  | 18 |  |

Dividends | - |  | (727,460 | ) | (727,460 | ) |

Total comprehensive income | - |  | 2,751,499 |  | 2,751,499 |  |

Balance at 31 December 2023 | 118 |  | (597,401 | ) | (597,283 | ) |

Changes in equity

Dividends | - |  | (2,451,239 | ) | (2,451,239 | ) |

Total comprehensive income | - |  | 3,780,394 |  | 3,780,394 |  |

Balance at 31 December 2024 | 118 |  | 731,754 |  | 731,872 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Company Statement of Changes in Equity

for the Year Ended 31 December 2024

| Called up |  | Profit |

| share |  | and loss |  | Share |  | Total

| capital |  | account |  | premium |  | equity

£ | £ | £ | £ |

Balance at 30 March 2023 | 100 |  | 537,609 |  | 2,000 |  | 539,709 |  |

Changes in equity

Issue of share capital | 18 |  | - |  | - |  | 18 |  |

Dividends | - |  | (727,460 | ) | - |  | (727,460 | ) |

Total comprehensive income | - |  | 727,460 |  | - |  | 727,460 |  |

Balance at 31 December 2023 | 118 |  | 537,609 |  | 2,000 |  | 539,727 |  |

Changes in equity

Dividends | - |  | (2,451,239 | ) | - |  | (2,451,239 | ) |

Total comprehensive income | - |  | 1,913,412 |  | - |  | 1,913,412 |  |

Balance at 31 December 2024 | 118 |  | (218 | ) | 2,000 |  | 1,900 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Consolidated Cash Flow Statement

for the Year Ended 31 December 2024

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 5,141,833 |  | 4,038,411 |  |

Interest paid | (293,059 | ) | (272,744 | ) |

Tax paid | (2,211,511 | ) | (150 | ) |

Net cash from operating activities | 2,637,263 |  | 3,765,517 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (173,061 | ) | (97,515 | ) |

Purchase of tangible fixed assets | (33,327 | ) | (35,811 | ) |

Sale of tangible fixed assets | 149,235 |  | - |  |

Sale of fixed asset investments | (100 | ) | - |  |

Net cash from investing activities | (57,253 | ) | (133,326 | ) |

Cash flows from financing activities

New loans in year | 1,836,915 |  | - |  |

Loan repayments in year | (835,193 | ) | (619,429 | ) |

Capital repayments in year | (119,220 | ) | (90,939 | ) |

Share issue | - |  | 18 |  |

Equity dividends paid | (2,451,240 | ) | (727,461 | ) |

Net cash from financing activities | (1,568,738 | ) | (1,437,811 | ) |

Increase in cash and cash equivalents | 1,011,272 |  | 2,194,380 |  |

Cash and cash equivalents at beginning of year | 2 | 2,485,914 |  | 291,534 |  |

Cash and cash equivalents at end of year | 2 | 3,497,186 |  | 2,485,914 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 December 2024

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

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Profit before taxation | 5,100,140 |  | 3,459,386 |  |

| Depreciation charges | 202,148 |  | 177,676 |  |

| Loss on disposal of fixed assets | 96,769 |  | - |  |

| Finance costs | 293,059 |  | 272,744 |  |

5,692,116 |  | 3,909,806 |  |

| (Increase)/decrease in trade and other debtors | (468,901 | ) | 256,591 |  |

| Decrease in trade and other creditors | (81,382 | ) | (127,986 | ) |

| Cash generated from operations | 5,141,833 |  | 4,038,411 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 3,497,186 |  | 2,485,914 |  |

| Period ended 31 December 2023

| 31.12.23 |  | 30.3.23

£ | £ |

| Cash and cash equivalents | 2,485,914 |  | 291,534 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.1.24 | Cash flow | changes | At 31.12.24

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 2,485,914 |  | 1,011,272 |  | 3,497,186 |  |

2,485,914 |  | 1,011,272 |  | 3,497,186 |  |

| Debt

| Finance leases | (114,491 | ) | 119,220 |  | - |  | (170,166 | ) |

| Debts falling due

| within 1 year | (931,970 | ) | 96,970 |  | - |  | (835,000 | ) |

| Debts falling due

| after 1 year | (1,816,751 | ) | (1,098,693 | ) | - |  | (2,915,444 | ) |

(2,863,212 | ) | (882,503 | ) | - |  | (3,920,610 | ) |

| Total | (377,298 | ) | 128,769 |  | - |  | (423,424 | ) |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Prestige Worldwide Group 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 General Information page.

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

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The Group shortened the previous accounting period to 31 December 2023 from 31 March 2024. The change in accounting period was to align the Group's reporting period with that of the main industry suppliers. As a result, the comparatives are not entirely comparable.

| Going concern

| The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information in making their assessment and have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

| The directors are confident that the Group will continue to trade for at least 12 months from the date of approving the financial statements.

| Business combinations

| In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

| Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

| - |  | Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures; |  |

| - |  | Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues': Carrying amounts, interest income/expense nd net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details fo hedges, hedging fair value changes recognised in profit or loss and on other comprehensive income; |  |

| - |  | Section 33 'Related Party Disclosures': Compensation of key management personnel. |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Basis of consolidation

| The consolidated group financial statements consist of the financial statements of the parent company Prestige Worldwide Group Limited together with all entities controlled by the parent company (its subsidiaries).

| All financial statements are made up to 31 December 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company’s accounting policies, the directors are 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.

| Turnover

| Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value takes into account all related deductions.

| The company adopts the prudency approach when recognising revenue, and as such commissions earned on contracts are only recognised when they become billable under the terms of those signed contracts.

| As customer commission has an element of uncertainty with regards such events as under usage or customer failure, the above approach allows that no further provision is required as sufficient set aside is made by the deferral of revenue recognition.

| Goodwill

| Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

| For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

| Management have taken the view to amortise goodwill over 10 years. The performance of the Group supports the investment value and no impairment has been made.

| Intangible assets

| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

| Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

| Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Development costs |  | 25% reducing balance |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Leasehold improvements |  | 25% reducing balance |  |

| Plant and equipment |  | 25% reducing balance |  |

| Fixtures and fittings |  | 25% reducing balance |  |

| In asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 debtors and 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.

| Classification of financial liabilities

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

| Basic financial liabilities

| Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred. Identifiable

| development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

| Leases

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business is given below:

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Energy consultancy | 13,213,330 |  | 8,695,336 |  |

13,213,330 |  | 8,695,336 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

4. | TURNOVER - continued

| An analysis of turnover by geographical market is given below:

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| United Kingdom | 13,213,330 |  | 8,695,336 |  |

13,213,330 |  | 8,695,336 |  |

5. | EMPLOYEES AND DIRECTORS

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Wages and salaries |  | 13,092,374 |  |  | 11,093,080 |  |

| Social security costs |  | 1,372,489 |  |  | 1,12,679 |  |

| Other pension costs |  | 939,156 |  |  | 336,066 |  |

|  | 13,653,372 |  |  | 12,541,825 |  |

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

| Direct |  | 251 |  |  | 192 |  |

| Indirect |  | 60 |  |  | 57 |  |

| Directors |  | 5 |  |  | 7 |  |

|  | 316 |  |  | 256 |  |

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Directors' remuneration | 48,570 |  | 36,428 |  |

| Directors' pension contributions to money purchase schemes | 1,402 |  | 812 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

6. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Hire of plant and machinery | 34,888 |  | 13,769 |  |

| Other operating leases | 214,649 |  | 395,335 |  |

| Depreciation - owned assets | 103,862 |  | 70,196 |  |

| Loss on disposal of fixed assets | 96,769 |  | - |  |

| Goodwill amortisation | 37,516 |  | 49,117 |  |

| Negative goodwill amortisation | (162,508 | ) | (121,881 | ) |

| Development costs amortisation | 225,434 |  | 180,245 |  |

| Auditors' remuneration | 15,000 |  | - |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

7. | EXCEPTIONAL ITEMS

|  | Year ended 31.12.24 |  |  | Period 1.4.23 to 31.12.23 |  |

|  | £ |  |  | £ |  |

| Provision against revenue |  | - |  |  | 13,715 |  |

| Costs of re-organisation within Group |  | - |  |  | (183,671 | ) |

| Costs of exiting large lease |  | 431,775 |  |  | - |  |

|  | 431,775 |  |  | (169,956 | ) |

| Provision against revenue is related to a provision against claw backs for customer under-utilisation during closures due to COVID-19 restrictions.

| Cost of re-organisation within Group relates to write-offs associated with the closure of a non-trading subsidiary.

| The costs of exiting the large lease relates to the office lease in Newcastle and undergoing a strategic and financial review.

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loan interest | 292,012 |  | 272,744 |  |

| Other interest | 1,047 |  | - |  |

293,059 |  | 272,744 |  |

9. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Current tax:

| UK corporation tax | 1,287,970 |  | 695,303 |  |

| Corporation tax - prior years | 1,176 |  | - |  |

| Total current tax | 1,289,146 |  | 695,303 |  |

| Deferred tax | 30,600 |  | 12,584 |  |

| Tax on profit | 1,319,746 |  | 707,887 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

9. | TAXATION - continued

| 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:

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| Profit before tax | 5,100,140 |  | 3,459,386 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 25 %) | 1,275,035 |  | 864,847 |  |

| Effects of:

| Expenses not deductible for tax purposes | 13,023 |  | (52,264 | ) |

| Depreciation in excess of capital allowances | 30,600 |  | 12,584 |  |

| Utilisation of tax losses | 287 |  | (115,848 | ) |

| Adjustments to tax charge in respect of previous periods | 1,176 |  | - |  |

| Other reliefs | (375 | ) | (375 | ) |

| Other adjustments | - |  | (1,057 | ) |

| Total tax charge | 1,319,746 |  | 707,887 |  |

10. | INDIVIDUAL PROFIT AND LOSS ACCOUNT

| As permitted by Section 408 of the Companies Act 2006, the Profit and Loss Account of the parent company is not presented as part of these financial statements.

11. | DIVIDENDS

| Period

| 30.3.23

| Year Ended |  | to

| 31.12.24 |  | 31.12.23

£ | £ |

| C Ordinary share of 1p |

| Interim | 1,030,750 |  | 190,000 |  |

| D Ordinary shares of 1p each |

| Interim | 676,105 |  | 190,000 |  |

| E shares of 1p each |

| Interim | 153,195 |  | 75,118 |  |

| F shares of 1p each |

| Interim | 232,581 |  | 128,852 |  |

| G shares of 1p each |

| Interim | 126,205 |  | 48,074 |  |

| H shares of 1p each |

| Interim | 126,205 |  | 52,596 |  |

| I shares of 1p each |

| Interim | 106,198 |  | 42,820 |  |

2,451,239 |  | 727,460 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

12. | INTANGIBLE FIXED ASSETS

| Group

| Negative |  | Development |

| Goodwill |  | goodwill |  | costs |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 529,834 |  | (1,625,081 | ) | 1,799,077 |  | 703,830 |  |

| Additions | - |  | - |  | 173,061 |  | 173,061 |  |

| Disposals | (154,669 | ) | - |  | - |  | (154,669 | ) |

| At 31 December 2024 | 375,165 |  | (1,625,081 | ) | 1,972,138 |  | 722,222 |  |

| AMORTISATION

| At 1 January 2024 | 208,067 |  | (446,897 | ) | 848,873 |  | 610,043 |  |

| Amortisation for year | 37,516 |  | (162,508 | ) | 225,434 |  | 100,442 |  |

| Eliminated on disposal | (58,001 | ) | - |  | - |  | (58,001 | ) |

| At 31 December 2024 | 187,582 |  | (609,405 | ) | 1,074,307 |  | 652,484 |  |

| NET BOOK VALUE

| At 31 December 2024 | 187,583 |  | (1,015,676 | ) | 897,831 |  | 69,738 |  |

| At 31 December 2023 | 321,767 |  | (1,178,184 | ) | 950,204 |  | 93,787 |  |

13. | TANGIBLE FIXED ASSETS

| Group

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 290,260 |  | 235,606 |  | 191,860 |  | 717,726 |  |

| Additions | 9,843 |  | 182,546 |  | 15,833 |  | 208,222 |  |

| Disposals | (280,061 | ) | - |  | (23,589 | ) | (303,650 | ) |

| Reclassification/transfer | - |  | (20,446 | ) | - |  | (20,446 | ) |

| At 31 December 2024 | 20,042 |  | 397,706 |  | 184,104 |  | 601,852 |  |

| DEPRECIATION

| At 1 January 2024 | 141,095 |  | 84,651 |  | 76,515 |  | 302,261 |  |

| Charge for year | 31,841 |  | 48,682 |  | 23,339 |  | 103,862 |  |

| Eliminated on disposal | (164,149 | ) | - |  | (10,712 | ) | (174,861 | ) |

| Reclassification/transfer | - |  | (2,156 | ) | - |  | (2,156 | ) |

| At 31 December 2024 | 8,787 |  | 131,177 |  | 89,142 |  | 229,106 |  |

| NET BOOK VALUE

| At 31 December 2024 | 11,255 |  | 266,529 |  | 94,962 |  | 372,746 |  |

| At 31 December 2023 | 149,165 |  | 150,955 |  | 115,345 |  | 415,465 |  |

14. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024 | 2,001 |  |

| Disposals | (101 | ) |

| At 31 December 2024 | 1,900 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,900 |  |

| At 31 December 2023 | 2,001 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

14. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| The Green Energy Advice Bureau Limited

| Registered office: United Kingdom

| Nature of business: Energy consultancy and advice services

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Trufl Ltd

| Registered office: United Kingdom

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Utility Locker Limited

| Registered office: United Kingdom

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Company in liquidation.

| Ideal Energy and Fuels Limited

| Registered office: United Kingdom

| Nature of business: Non-trading

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Subsidiary dissolved during the year.

15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2024 | 2023 | 2024 | 2023 |

£ | £ | £ | £ |

| Trade debtors | 882,108 |  | 87,686 |  | - |  | - |  |

| Other debtors | 678,737 |  | 658,737 |  | - |  | 537,609 |  |

| Tax | 227,213 |  | - |  | - |  | - |  |

| Accruals | 113,300 |  | 331,725 |  | - |  | - |  |

| Prepayments | 95,461 |  | 222,557 |  | - |  | - |  |

1,996,819 |  | 1,300,705 |  | - |  | 537,609 |  |

16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts (see note 18) | 835,000 |  | 931,970 |  |

| Finance leases (see note 19) | 65,532 |  | 74,893 |  |

| Trade creditors | 96,965 |  | 284,235 |  |

| Tax | - |  | 695,152 |  |

| Social security and other taxes | 155,933 |  | 123,807 |  |

| VAT | 830,976 |  | 836,076 |  |

| Other creditors | 60 |  | - |  |

| Directors' current accounts | 9,303 |  | 9,988 |  |

| Accrued expenses | 93,595 |  | 14,109 |  |

2,087,364 |  | 2,970,230 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

17. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |

2024 | 2023 |

£ | £ |

| Bank loans (see note 18) | 2,915,444 |  | 1,816,751 |  |

| Finance leases (see note 19) | 104,634 |  | 39,598 |  |

3,020,078 |  | 1,856,349 |  |

18. | LOANS

| An analysis of the maturity of loans is given below:

| Group |

2024 | 2023 |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 835,000 |  | 931,970 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | 835,000 |  | 924,248 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 2,080,444 |  | 892,503 |  |

19. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Finance leases |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 65,532 |  | 74,893 |  |

| Between one and five years | 104,634 |  | 39,598 |  |

170,166 |  | 114,491 |  |

| Group

| Non-cancellable operating | leases |

2024 | 2023 |

£ | £ |

| Within one year | 1,394 |  | 2,852 |  |

| Between one and five years | - |  | 1,394 |  |

1,394 |  | 4,246 |  |

20. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2024 | 2023 |

£ | £ |

| Bank loans | 3,750,444 |  | 2,748,721 |  |

| The bank loans are secured by a debenture which includes fixed charges over all land, securities, goodwill, uncalled capital, intellectual property rights and all other debts of the company; an assignment on any future rental income or benefits of property agreements; and floating charges over all other assets of the company.

| Assets held under finance leases are secured against the asset to which they relate.

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

21. | PROVISIONS FOR LIABILITIES

| Group |

2024 | 2023 |

£ | £ |

| Deferred tax | 97,175 |  | 66,575 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 66,575 |  |

| Charge to Profit and Loss Account during year | 30,600 |  |

| Balance at 31 December 2024 | 97,175 |  |

| The following are the major deferred tax liabilities recognised by the company and movements thereon:

|  | Year ended 31.12.24 |  |  | Period 1.4.23 to 31.12.23 |  |

|  | £ |  |  | £ |  |

| Fixed asset timing differences |  | 97,175 |  |  | 66,575 |  |

|  | 97,175 |  |  | 66,575 |  |

22. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 4,988 | A Ordinary | 1p | 50 |  | 50 |  |

| 4,987 | B Ordinary | 1p | 50 |  | 50 |  |

| 1 | C Ordinary | 1p | - |  | - |  |

| 1,250 | D Ordinary | 1p | 13 |  | 13 |  |

| 124 | E | 1p | 1 |  | 1 |  |

| 124 | F | 1p | 1 |  | 1 |  |

| 124 | G | 1p | 1 |  | 1 |  |

| 124 | H | 1p | 1 |  | 1 |  |

| 124 | I | 1p | 1 |  | 1 |  |

118 |  | 118 |  |

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

22. | CALLED UP SHARE CAPITAL - continued

| The A Ordinary shares have full rights regarding voting. All shares rank equally with respect of all dividend and capital rights but that, with the consent of the holders of a majority of each class of share in issue different dividends may de declared on each class of share, including to any one or more class to the exclusion of any other class(es).

| The B Ordinary shares have full rights regarding voting. All shares rank equally with respect of all dividend and capital rights but that, with the consent of the holders of a majority of each class of share in issue different dividends may de declared on each class of share, including to any one or more class to the exclusion of any other class(es).

| The C Ordinary shares have full rights regarding voting. All shares rank equally with respect of all dividend and capital rights but that, with the consent of the holders of a majority of each class of share in issue different dividends may de declared on each class of share, including to any one or more class to the exclusion of any other class(es).

| The D Ordinary shares have full rights regarding voting. All shares rank equally with respect of all dividend and capital rights but that, with the consent of the holders of a majority of each class of share in issue different dividends may de declared on each class of share, including to any one or more class to the exclusion of any other class(es).

| The E shares are non-voting. Holders are entitled to such dividends as the directors determine. They have a priority to return of capital but no right to share in surplus. They are redeemable at nominal value.

| The F shares are non-voting. Holders are entitled to such dividends as the directors determine. They have a priority to return of capital but no right to share in surplus. They are redeemable at nominal value.

| The G shares are non-voting. Holders are entitled to such dividends as the directors determine. They have a priority to return of capital but no right to share in surplus. They are redeemable at nominal value.

| The H shares are non-voting. Holders are entitled to such dividends as the directors determine. They have a priority to return of capital but no right to share in surplus. They are redeemable at nominal value.

| The I shares are non-voting. Holders are entitled to such dividends as the directors determine. They have a priority to return of capital but no right to share in surplus. They are redeemable at nominal value.

23. | RESERVES

| Group

| Profit

| and loss

| account

£ |

| At 1 January 2024 | (597,401 | ) |

| Profit for the year | 3,780,394 |  |

| Dividends | (2,451,239 | ) |

| At 31 December 2024 | 731,754 |  |

| Company

| Profit |

| and loss |  | Share |

| account |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2024 | 537,609 |  | 2,000 |  | 539,609 |  |

| Profit for the year | 1,913,412 |  | 1,913,412 |  |

| Dividends | (2,451,239 | ) | (2,451,239 | ) |

| At 31 December 2024 | (218 | ) | 2,000 |  | 1,782 |  |

| The profit and loss account includes all current and prior period profit and losses.

| The share premium reserve includes all premiums paid on shares issued in the current and prior periods.

| Prestige Worldwide Group Limited (Registered number: 12408492) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

24. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 | 2023 |

£ | £ |

| Mr P Cobb

| Balance outstanding at start of year | 537,609 |  | 372,920 |  |

| Amounts advanced | - |  | 172,606 |  |

| Amounts repaid | - |  | (7,917 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 537,609 |  | 537,609 |  |

| The above loan is made interest free and is repayable on demand.