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REGISTERED NUMBER: 02696136 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Sydney Heath & Son Ltd |

Sydney Heath & Son Ltd (Registered number: 02696136)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Sydney Heath & Son Ltd (Registered number: 02696136)

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 202,212 |  | 240,089 |  |

202,212 |  | 240,089 |  |

CURRENT ASSETS

Stocks | 111,581 |  | 149,371 |  |

Debtors | 6 | 340,591 |  | 300,625 |  |

Cash at bank and in hand | 297,802 |  | 228,504 |  |

749,974 |  | 678,500 |  |

CREDITORS

Amounts falling due within one year | 7 | 458,706 |  | 222,436 |  |

NET CURRENT ASSETS | 291,268 |  | 456,064 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 493,480 |  | 696,153 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (71,072 | ) | (156,211 | ) |

PROVISIONS FOR LIABILITIES | (50,553 | ) | (63,624 | ) |

NET ASSETS | 371,855 |  | 476,318 |  |

CAPITAL AND RESERVES

Called up share capital | 250 |  | 250 |  |

Capital redemption reserve | 798 |  | 798 |  |

Retained earnings | 370,807 |  | 475,270 |  |

SHAREHOLDERS' FUNDS | 371,855 |  | 476,318 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

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

Sydney Heath & Son Ltd (Registered number: 02696136)

Balance Sheet - continued

31 December 2024

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

Mr J D Barnes - Director

Sydney Heath & Son Ltd (Registered number: 02696136)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Sydney Heath & Son Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 02696136

| Registered office: | Bycars Road

| Burslem

| Stoke-on-Trent

| Staffordshire

| ST6 1BY

| 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 been fully amortised.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 10% on reducing balance

| Fixtures and fittings | - | 25% on cost and 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Sydney Heath & Son Ltd (Registered number: 02696136)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 19 (2023 - 23 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 4,100 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 4,100 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

Sydney Heath & Son Ltd (Registered number: 02696136)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

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

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 32,687 |  | 365,081 |  | 115,819 |  | 103,730 |  | 617,317 |  |

| Additions | - |  | 20,744 |  | 6,363 |  | 39,995 |  | 67,102 |  |

| Disposals | - |  | (13,500 | ) | - |  | (72,000 | ) | (85,500 | ) |

| At 31 December 2024 | 32,687 |  | 372,325 |  | 122,182 |  | 71,725 |  | 598,919 |  |

| DEPRECIATION

| At 1 January 2024 | 32,687 |  | 203,678 |  | 96,192 |  | 44,671 |  | 377,228 |  |

| Charge for year | - |  | 17,121 |  | 11,659 |  | 11,264 |  | 40,044 |  |

| Eliminated on disposal | - |  | (2,565 | ) | - |  | (18,000 | ) | (20,565 | ) |

| At 31 December 2024 | 32,687 |  | 218,234 |  | 107,851 |  | 37,935 |  | 396,707 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 154,091 |  | 14,331 |  | 33,790 |  | 202,212 |  |

| At 31 December 2023 | - |  | 161,403 |  | 19,627 |  | 59,059 |  | 240,089 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 18,000 |  | 72,000 |  | 90,000 |  |

| Additions | 19,610 |  | 39,995 |  | 59,605 |  |

| Disposals | - |  | (72,000 | ) | (72,000 | ) |

| Transfer to ownership | (18,000 | ) | - |  | (18,000 | ) |

| At 31 December 2024 | 19,610 |  | 39,995 |  | 59,605 |  |

| DEPRECIATION

| At 1 January 2024 | 3,420 |  | 18,000 |  | 21,420 |  |

| Charge for year | 1,961 |  | 9,999 |  | 11,960 |  |

| Eliminated on disposal | - |  | (18,000 | ) | (18,000 | ) |

| Transfer to ownership | (3,420 | ) | - |  | (3,420 | ) |

| At 31 December 2024 | 1,961 |  | 9,999 |  | 11,960 |  |

| NET BOOK VALUE

| At 31 December 2024 | 17,649 |  | 29,996 |  | 47,645 |  |

| At 31 December 2023 | 14,580 |  | 54,000 |  | 68,580 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 295,232 |  | 279,198 |  |

| Other debtors | 45,359 |  | 21,427 |  |

340,591 |  | 300,625 |  |

Sydney Heath & Son Ltd (Registered number: 02696136)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 68 |  | 40,606 |  |

| Hire purchase contracts | 14,547 |  | 16,982 |  |

| Trade creditors | 98,587 |  | 108,859 |  |

| Taxation and social security | 63,032 |  | 20,355 |  |

| Other creditors | 282,472 |  | 35,634 |  |

458,706 |  | 222,436 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans | - |  | 75,000 |  |

| Hire purchase contracts | 34,413 |  | 52,473 |  |

| Other creditors | 36,659 |  | 28,738 |  |

71,072 |  | 156,211 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 48,960 |  | 69,455 |  |

| Hire purchase contracts are secured over the assets to which they relate.

10. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included within the balance sheet amount to £6,720 (2023 £8,400). This financial commitment represents the total amount of payments remaining on a lease ending in 2029.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| Ms G O S Barnes and Mr J D Barnes

| Balance outstanding at start of year | 8,369 |  | 272,799 |  |

| Amounts advanced | 13,506 |  | 4,913 |  |

| Amounts repaid | (12,200 | ) | (269,343 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 9,675 |  | 8,369 |  |

| The overdrawn balance has been repaid since the year end.

12. | POST BALANCE SHEET EVENTS

| After the year end Pontauchange Limited acquired 100% of the company's issued share capital and is now the controlling party.