REGISTERED NUMBER: 12237796 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRITPLAS HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Blackwell

K Gorman

R O Lincoln

SECRETARY:

R O Lincoln

REGISTERED OFFICE:

Unit 18 Kingsland Grange

Woolston

Warrington

Cheshire

WA1 4RW

REGISTERED NUMBER:

12237796 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Investments

5

13,263

6,171,058

CURRENT ASSETS

Debtors

6

1,380,000

2,080,000

Cash at bank

3,303

3,303

1,383,303

2,083,303

CREDITORS

Amounts falling due within one year

7

2,980,000

2,080,000

NET CURRENT (LIABILITIES)/ASSETS

(1,596,697

)

3,303

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,583,434

)

6,174,361

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

8

2,799,800

2,799,800

Retained earnings

8

(4,383,434

)

3,374,361

(1,583,434

)

6,174,361

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 Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

R O Lincoln - Director

1.	STATUTORY INFORMATION

Britplas Holdings 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.

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

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

At the balance sheet date the company had net liabilities of £1,583,484 (2023: net assets of £6,174,361). As shown in note 7 of the full financial statements £2,980,000 (2023: £2,080,000) relates to balances owed to group undertakings. The directors have reviewed the support of group companies and expect this to continue for the foreseeable future and therefore believe the going concern basis of preparation remains appropriate.

Preparation of consolidated financial statements

The financial statements contain information about Britplas Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Safevent Holdings Limited, Unit 18, Kingsland Grange, Woolston, Warrington, Cheshire, WA1 4RW.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

6,171,058

Impairments

(6,157,795

)

At 31 December 2024

13,263

NET BOOK VALUE

At 31 December 2024

13,263

At 31 December 2023

6,171,058

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

Britplas Commercial Limited

Registered office: Registered in United Kingdom

Nature of business: Manufacture and installation of windows

%

Class of shares:

holding

Ord, Ord A, Ord B, Ord C,

100.00

Ord D, Ord E, Ord F, Ord G

31.12.24

31.12.23

£

£

Aggregate capital and reserves

13,263

99,345

Profit for the year

1,029,918

1,635,323

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

(Unaudited)

£

£

Amounts owed by group undertakings

1,380,000

2,080,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

(Unaudited)

£

£

Amounts owed to group undertakings

2,980,000

2,080,000

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

3,374,361

2,799,800

6,174,161

Deficit for the year

(5,041,795

)

(5,041,795

)

Dividends

(2,716,000

)

(2,716,000

)

At 31 December 2024

(4,383,434

)

2,799,800

(1,583,634

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock FCCA (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

10.	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.

The ultimate controlling party is Safevent Employee Ownership Trust. Safevent Holdings Limited is the parent of the largest and smallest group for which consolidated financial statements are prepared which include Britplas Holdings Limited. The registered office of the immediate and ultimate parent company is the same as that of Britplas Holdings Limited. Group accounts are freely available from Companies House.

During the year to 31 December 2024 a formal restructure took place and Britplas Holdings Limited became part of the Safevent Holdings Limited group, via a share for share exchange. Safevent Holdings Limited now indirectly holds 100% of the shareholding in Britplas Holdings Limited. As a result related parties involved in the above became fellow group companies. All transactions between related parties are carried out on commercial terms.

During the year, the company paid dividends totalling £216,000 to the previous shareholders, prior to the restructure and Safevent Employee Ownership Trust's acquisition of the shareholding of Safevent Holdings Limited. The balance owed to the previous shareholders at the year-end totalled £NIL.

11.	ULTIMATE CONTROLLING PARTY

The parent company is Safevent Holdings Limited, registered in England and Wales, by virtue of their 100% shareholding. The registered office is at Unit 18 Kingsland Grange, Woolston, Warrington, England, WA14RW.

The ultimate controlling party is Safevent Employee Ownership Trust after they acquired 100% of the shares of Safevent Holdings Limited. The company is registered at Unit 18 Kingsland Grange, Woolston, Warrington, England, WA1 4RW.