The notes on pages 2 to 6 form part of these financial statements.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

Century Construction Limited is a private company limited by shares incorporated in England and Wales under the Companies Act. The registered office is 6 Blenheim Terrace, Leeds, West Yorkshire, LS2 9HZ.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of YPP Holdings Limited. These consolidated financial statements are available from its registered office, 6 Blenheim Terrace, Leeds, United Kingdom, LS2 9HZ.

The company made a profit after tax for the year of £44,255 (2023: loss of £49,048) and has net liabilities of £4,609 (2023: net assets of £2,166,836). The directors have assessed the company’s ability to continue as a going concern for the foreseeable future.true

At a group level, the profit after tax for the year was £679,217 (2023: £3,950,885) and the group reported net liabilities of £1,096,987 (2023: net assets of £6,850,817). The movement from net assets to net liabilities is primarily explained by the dividend of £8,627,021 paid to shareholders which reduced reserves accordingly.

While the group reported net liabilities, it had cash balances of £7,625,169 as at the year end. The group also benefits from a committed £50,000,000 revolving facility with MAAN Investments Limited, owned and controlled by Al-Najafi family.

The directors have undertaken a formal going concern assessment covering a period of at least 12 months from the date of approval of these financial statements. This assessment considered the company’s forecasts, principal risks and sensitivities, the level of available financial resources, and the wider group funding arrangements. Based on this review, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due, and accordingly the financial statements have been prepared on a going concern basis.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

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 statement of financial position 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, 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.

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, 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

In preparing these financial statements, the directors have had to make the following judgement:

• Determine whether construction contracts shall be recognised by reference to the stage of completion of the contract activity at the end of the reporting period. Reliable estimation of the outcome requires reliable estimates of the stage of completion, future costs and collectability of billings.

The average monthly number of persons (including directors) employed by the company during the year was:

The emoluments of the Directors are paid by a fellow group undertaking, which makes no recharge to the Company. They are Directors of a number of fellow subsidiaries and it is not possible to make an accurate appointment of their emoluments in respect of each of the subsidiaries.

The directors' are considered to be key management personnel.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

As 100% of the voting rights of the company are controlled within the group headed by YPP Holdings Limited the Company has taken advantage of the exemption contained in section 33.1A of FRS 102 and has therefore not disclosed transactions or balances with entities which form part of the Group.

Century Construction Limited, MAAN Investments Limited, and MAAN Enterprises Limited are all controlled by the Al-Najafi family.

A loan agreement was signed on 16 July 2020 between MAAN Investments Limited and Century Construction Limited for a revolving finance facility of £50,000,000 ending on 31 December 2035. This agreement covered all previous loans outstanding.

At 31 December 2024, a balance of £nil was owed by MAAN Investments Limited (2023: £2,215,000). This balance is included in ‘Other debtors’ in note 5. At the same date, £700 was owed to MAAN Investments Limited (2023: £nil), and is included within ‘Other creditors’ in note 6.