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REGISTERED NUMBER: 03205966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FELCON LIMITED

FELCON LIMITED (REGISTERED NUMBER: 03205966)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FELCON LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | I N Mutton

| REGISTERED OFFICE: | 5 Argosy Court

| Scimitar Way

| Whitley Business Park

| Coventry

| West Midlands

| CV3 4GA

| REGISTERED NUMBER: | 03205966 (England and Wales)

| ACCOUNTANTS: | Prime

| Chartered Accountants

| 5 Argosy Court

| Scimitar Way

| Whitley Business Park

| Coventry

| CV3 4GA

FELCON LIMITED (REGISTERED NUMBER: 03205966)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 72,535 |  | 96,272 |  |

72,535 |  | 96,272 |  |

CURRENT ASSETS

Stocks | 10,000 |  | 408,801 |  |

Debtors | 6 | 694,521 |  | 875,634 |  |

Cash at bank and in hand | 606,231 |  | 1,401,072 |  |

1,310,752 |  | 2,685,507 |  |

CREDITORS

Amounts falling due within one year | 7 | 990,615 |  | 2,422,177 |  |

NET CURRENT ASSETS | 320,137 |  | 263,330 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 392,672 |  | 359,602 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 392,572 |  | 359,502 |  |

SHAREHOLDERS' FUNDS | 392,672 |  | 359,602 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FELCON LIMITED (REGISTERED NUMBER: 03205966)

BALANCE SHEET - continued

31 MARCH 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2025 and were signed by:

I N Mutton - Director

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Felcon 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" including the provisions of Section 1A "Small Entities" 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.

| Goodwill

| Goodwill has now been fully amortised.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Alterations to premises | - | over remaining life of lease

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| 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

| The average number of employees during the year was 31 (2024 - 33 ) .

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 50,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 50,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Alterations |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| premises |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 52,317 |  | 167,034 |  | 91,288 |  | 55,934 |  | 366,573 |  |

| Additions | - |  | 2,880 |  | - |  | - |  | 2,880 |  |

| Disposals | - |  | (96,494 | ) | - |  | (20 | ) | (96,514 | ) |

| At 31 March 2025 | 52,317 |  | 73,420 |  | 91,288 |  | 55,914 |  | 272,939 |  |

| DEPRECIATION

| At 1 April 2024 | 52,317 |  | 119,603 |  | 75,419 |  | 22,962 |  | 270,301 |  |

| Charge for year | - |  | 14,287 |  | 4,068 |  | 8,242 |  | 26,597 |  |

| Eliminated on disposal | - |  | (96,494 | ) | - |  | - |  | (96,494 | ) |

| At 31 March 2025 | 52,317 |  | 37,396 |  | 79,487 |  | 31,204 |  | 200,404 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 36,024 |  | 11,801 |  | 24,710 |  | 72,535 |  |

| At 31 March 2024 | - |  | 47,431 |  | 15,869 |  | 32,972 |  | 96,272 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 495,772 |  | 810,504 |  |

| Other debtors | 198,749 |  | 65,130 |  |

694,521 |  | 875,634 |  |

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Payments on account | 318,155 |  | 988,961 |  |

| Trade creditors | 158,387 |  | 246,742 |  |

| Amounts owed to group undertakings | 373,350 |  | 956,303 |  |

| Taxation and social security | 38,755 |  | 199,963 |  |

| Other creditors | 101,968 |  | 30,208 |  |

990,615 |  | 2,422,177 |  |

8. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. | ULTIMATE PARENT COMPANY

| The ultimate parent company is HPM Products Limited, a company registered in England and Wales.