REGISTERED NUMBER: 12985378 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2024

for

Outdo Holdings Limited

Previously known as

Community Partners

Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Profit and Loss Account

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

M A Brennan

A K Walker

S A Brennan

N K Walker

REGISTERED OFFICE:

5a Clare Road

Halifax

HX1 2HX

REGISTERED NUMBER:

12985378 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

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

REVIEW OF BUSINESS

The year ended 31 December 2024 marked a period of strong growth and strategic consolidation for Outdo Holdings Limited (previously Community Partners Holdings Limited). The group continued to expand its footprint in the outdoor advertising space delivering robust financial performance.

Group turnover increased by 20.10% to £12.73 million (2023: £10.60 million), driven by organic growth across media and production revenue streams. Gross profit rose significantly to £5.48 million (2023: £4.16 million), reflecting improved cost management and operational efficiencies. Profit before taxation reached £2.46 million (2023: £2.19 million), underpinned by strong contributions from subsidiaries and associate entities.

During the period, the Group continued its expansion by acquiring the remaining share capital of Lamppost Banners Limited, to bring its holding to 100%.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have considered the principal risks and uncertainties facing the Group, which include:

- Market Volatility: Changes in advertising spend and economic conditions may impact client budgets and demand.

- Regulatory Compliance: The group operates in a regulated environment and must remain vigilant to changes in advertising standards, employment law, and tax legislation.

- Operational Risk: Risks associated with service delivery, technology infrastructure, and supply chain disruptions are actively managed through internal controls and contingency planning.

- Credit Risk: Exposure to customer defaults is mitigated through credit checks and diversified client portfolios.

The group maintains a risk register and conducts regular reviews to ensure appropriate mitigation strategies are in place.

SECTION 172(1) STATEMENT

In accordance with Section 172 of the Companies Act 2006, the directors have acted in good faith to promote the success of the company for the benefit of its members. This includes consideration of:

- The long-term consequences of decisions

- The interests of employees

- The need to foster relationships with suppliers, customers, and stakeholders

- The impact of operations on the community and environment

- The desirability of maintaining a reputation for high standards of business conduct

The board continues to engage with stakeholders and incorporate their feedback into strategic planning.

RESEARCH & DEVELOPMENT

There have been no research and development activities throughout the year.

FINANCIAL INSTRUMENTS

In accordance with FRS 102, the group recognises the importance of effective management of financial instruments in supporting its strategic objectives and safeguarding stakeholder interests. The group's financial instruments primarily consist of cash and cash equivalents, trade receivables, other receivables, trade payables and other payables.

ON BEHALF OF THE BOARD:

M A Brennan - Director

26 September 2025

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

CHANGE OF NAME

The group passed a special resolution on 11 September 2025 changing its name from Community Partners Holdings Limited to Outdo Holdings Limited.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of advertising, media and management services.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 was £1,539,349.

FUTURE DEVELOPMENTS

Looking ahead, the group intends to:

- Continue expanding its media representation services through new concession agreements, strategic partnerships and acquisitions.

- Invest in IT systems to build a solid platform for growth.

- Reduce costs as a proportion of revenue by focusing on operational efficiencies.

The directors remain confident in the group's ability to deliver sustainable growth and shareholder value.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

M A Brennan

A K Walker

S A Brennan

N K Walker

POLITICAL DONATIONS AND EXPENDITURE

No political donations or expenditure were made during the year.

EVENTS AFTER THE REPORTING PERIOD

There are no events that have taken place since the reporting date that would result in an adjustment to the attached group financial statements.

INCLUSION OF INFORMATION IN THE STRATEGIC REPORT

In accordance with Section 415(5) of the Companies Act 2006, certain information required to be included in the Directors’ Report has been presented in the Strategic Report instead. This is done in respect of Future Developments.

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 they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Clive Owen LLP, have been appointed. This is the first year of audit for the Group having exceeded the thresholds for audit exemption under the Companies Act 2006.

ON BEHALF OF THE BOARD:

M A Brennan - Director

26 September 2025

Opinion

We have audited the financial statements of Outdo Holdings 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

-

Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be around financial reporting legislation, taxation legislation, health & safety, and employment law.

-

Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

-

Review of board minutes and correspondence with regulators.

-

Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

-

Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

-

Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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 which we are required to address

This is the first year that the group has been audited. In the prior year the group took advantage of the audit

exemption available to small groups, therefore the comparatives in these financial statements for the year ended 31 December 2023 are unaudited. However, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.

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.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

26 September 2025

TURNOVER

3

12,728,875

10,598,388

Cost of sales

(7,251,542

)

(6,436,527

)

GROSS PROFIT

5,477,333

4,161,861

Administrative expenses

(3,279,309

)

(2,177,536

)

2,198,024

1,984,325

Other operating income

112,389

106,113

GROUP OPERATING PROFIT

5

2,310,413

2,090,438

Share of operating profit in

Associates

63,326

58,166

Interest receivable and similar income

130,104

39,435

2,503,843

2,188,039

Interest payable and similar expenses

7

(42,354

)

(552

)

PROFIT BEFORE TAXATION

2,461,489

2,187,487

Tax on profit

8

(386,095

)

(32,535

)

PROFIT FOR THE FINANCIAL YEAR

2,075,394

2,154,952

Profit attributable to:

Owners of the parent

1,898,500

2,030,008

Non-controlling interests

176,894

124,944

2,075,394

2,154,952

PROFIT FOR THE YEAR

2,075,394

2,154,952

OTHER COMPREHENSIVE INCOME

-

(20

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

(20

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,075,394

2,154,932

Total comprehensive income attributable to:

Owners of the parent

1,898,500

2,029,988

Non-controlling interests

176,894

124,944

2,075,394

2,154,932

FIXED ASSETS

Intangible assets

11

422,822

727,254

Tangible assets

12

563,481

645,635

Investments

13

Interest in associate

-

58,166

Investment property

14

971,590

785,518

1,957,893

2,216,573

CURRENT ASSETS

Stocks

15

8,304

9,708

Debtors

16

2,094,267

1,595,462

Cash at bank and in hand

5,155,851

5,045,707

7,258,422

6,650,877

CREDITORS

Amounts falling due within one year

17

(4,360,297

)

(4,073,252

)

NET CURRENT ASSETS

2,898,125

2,577,625

TOTAL ASSETS LESS CURRENT LIABILITIES

4,856,018

4,794,198

PROVISIONS FOR LIABILITIES

18

(44,692

)

(49,470

)

NET ASSETS

4,811,326

4,744,728

CAPITAL AND RESERVES

Called up share capital

19

202

220

Retained earnings

20

5,232,536

4,873,385

SHAREHOLDERS' FUNDS

5,232,738

4,873,605

NON-CONTROLLING INTERESTS

21

(421,412

)

(128,877

)

TOTAL EQUITY

4,811,326

4,744,728

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

M A Brennan - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

-

-

Investments

13

91,998

91,998

Investment property

14

971,590

785,518

1,063,588

877,516

CURRENT ASSETS

Debtors

16

34,780

481,960

Cash at bank and in hand

817,204

1,208,422

851,984

1,690,382

CREDITORS

Amounts falling due within one year

17

(260,697

)

(225,473

)

NET CURRENT ASSETS

591,287

1,464,909

TOTAL ASSETS LESS CURRENT LIABILITIES

1,654,875

2,342,425

PROVISIONS FOR LIABILITIES

18

(8,937

)

-

NET ASSETS

1,645,938

2,342,425

CAPITAL AND RESERVES

Called up share capital

19

202

220

Retained earnings

20

1,645,736

2,342,205

SHAREHOLDERS' FUNDS

1,645,938

2,342,425

Company's profit for the financial year

842,880

739,107

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

M A Brennan - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 January 2023

200

3,044,763

3,044,963

158,173

3,203,136

Changes in equity

Issue of share capital

20

-

20

-

20

Dividends

-

(201,366

)

(201,366

)

(411,994

)

(613,360

)

Total comprehensive income

-

2,029,988

2,029,988

124,944

2,154,932

Balance at 31 December 2023

220

4,873,385

4,873,605

(128,877

)

4,744,728

Changes in equity

Issue of share capital

(18

)

-

(18

)

-

(18

)

Dividends

-

(1,539,349

)

(1,539,349

)

(469,429

)

(2,008,778

)

Total comprehensive income

-

1,898,500

1,898,500

176,894

2,075,394

Balance at 31 December 2024

202

5,232,536

5,232,738

(421,412

)

4,811,326

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

200

1,804,484

1,804,684

Changes in equity

Issue of share capital

20

-

20

Dividends

-

(201,366

)

(201,366

)

Total comprehensive income

-

739,087

739,087

Balance at 31 December 2023

220

2,342,205

2,342,425

Changes in equity

Issue of share capital

(18

)

-

(18

)

Dividends

-

(1,539,349

)

(1,539,349

)

Total comprehensive income

-

842,880

842,880

Balance at 31 December 2024

202

1,645,736

1,645,938

Cash flows from operating activities

Cash generated from operations

1

2,400,917

2,590,552

Interest paid

(42,354

)

(552

)

Tax paid

(30,885

)

(62,171

)

Net cash from operating activities

2,327,678

2,527,829

Cash flows from investing activities

Purchase of intangible fixed assets

(141,526

)

-

Purchase of tangible fixed assets

(68,384

)

(171,595

)

Purchase of investment property

(186,072

)

(595

)

Sale of tangible fixed assets

-

82,338

Share of profit in associate

58,166

(58,048

)

Interest received

130,104

39,435

Net cash from investing activities

(207,712

)

(108,465

)

Cash flows from financing activities

Movement in directors loan account

(1,026

)

81,948

Share issue

(18

)

-

Equity dividends paid

(2,008,778

)

(613,360

)

Net cash from financing activities

(2,009,822

)

(531,412

)

Increase in cash and cash equivalents

110,144

1,887,952

Cash and cash equivalents at beginning of year

2

5,045,707

3,157,755

Cash and cash equivalents at end of year

2

5,155,851

5,045,707

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

2024

2023

£

£

Profit before taxation

2,461,489

2,187,487

Loss on disposal of fixed assets

15,334

2,139

Depreciation and amortisation charges

581,162

20,295

Finance costs

42,354

552

Finance income

(130,104

)

(39,435

)

2,970,235

2,171,038

Decrease in stocks

1,404

1,097

Increase in trade and other debtors

(498,805

)

(100,747

)

(Decrease)/increase in trade and other creditors

(71,917

)

519,164

Cash generated from operations

2,400,917

2,590,552

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

5,155,851

5,045,707

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

5,045,707

3,157,755

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

5,045,707

110,144

5,155,851

5,045,707

110,144

5,155,851

Total

5,045,707

110,144

5,155,851

1.	STATUTORY INFORMATION

Outdo 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 General Information page.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

Going Concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the group and the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the group will continue to trade. If the group is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Basis of consolidation

The group accounts consolidate the results of the company and its subsidiaries under the acquisition method.

Related party exemption

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Changes in accounting policies

During the year, the Group reassessed its revenue recognition policy for production revenue relating to roundabout advertising under Outdo Media Limited (previously CP Media Limited). Previously, revenue was recognised in full on installation. Following a review of service obligations, it was determined that the Group incurs ongoing maintenance costs over the life of the contract, without charging customers separately.

As a result, the Group has revised its policy to recognise 80% of production revenue on installation, with the remaining 20% deferred and recognised over the contract term to reflect the maintenance obligation.

This change has been applied prospectively from 01 January 2024, and prior year figures have not been restated. The impact of the change in the current year is a deferral of £572k of revenue.