REGISTERED NUMBER: 03456035 (England and Wales)

STRATEGIC REPORT, DIRECTOR'S REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STRESSLINE HOLDINGS LIMITED

Page

Company Information

1

Strategic Report

2

Director's Report

3

Independent Auditors' Report

4

Profit and Loss Account

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTOR:

C P Fox

REGISTERED OFFICE:

Station Road

Stoney Stanton

Leicestershire

LE9 4LX

REGISTERED NUMBER:

03456035 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

SOLICITORS:

Knights PLC

Midland House

West Way

Oxford

OX2 0PH

The Director presents his strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The Director is pleased to report that the company has experienced another successful year, and the financial health of the company has remained strong. The results of the company for the year are set out on the Statement of Comprehensive Income on page 6 to the financial statements.

The net assets of the company remain strong, amounting to £7,108,552 (2023: £7,118,520) at the balance sheet date.

KEY PERFORMANCE INDICATORS

Given the nature of the business, the company Director believes that the only necessary KPI's that give an understanding of the development, performance or position of the business to be: turnover, margin percentage and profit before tax.

PRINCIPAL RISKS AND UNCERTAINTIES

Management and the board regularly review the risks facing the company. The perceived risks are credit risk, liquidity risk and cash flow risk, and all are reviewed and managed by the Directors and Senior Management with routine frequency.

FUTURE DEVELOPMENTS

The Director is pleased with the performance of the company's wholly owned subsidiaries and believes that the company has sufficient strength to be able to continue successfully in the future.

ON BEHALF OF THE BOARD:

C P Fox - Director

30 September 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principle activity of the company is that of a holding company.

DIVIDENDS

Dividends of £Nil (2023: £Nil) have been declared for the year ended 31 December 2024.

FUTURE DEVELOPMENTS

The outlook for the company is positive and the Director is confident that the company is well positioned to continue to grow and maintain market share into 2025.

DIRECTOR

C P Fox held office during the whole of the period from 1 January 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The principal financial instruments of the company comprise bank, investments and balances with group undertakings. The main purpose of these instruments is to raise funds for the company's operations and to finance its continuing operations. Liquidity risk is managed by the use of bank balances and overdraft facilities along with efficient monitoring and forecasting of cash flow to ensure there are sufficient funds to meet liabilities.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Magma Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C P Fox - Director

30 September 2025

Opinion

We have audited the financial statements of Stressline Holdings Limited (the 'company') for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 December 2024 and of its loss 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 company 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Director's Report, but does not include the financial statements and our Auditors' Report 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 Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Director's Report 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has 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 an Auditors' Report 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:

Based on our understanding of the Company and the industry, we identified the principle risks of non-compliance with laws and regulations, and considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principle risks were related to posting inappropriate journal entries, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation, and fraud;

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, with unusual descriptions, or posted at unusual times;

- Challenging assumptions made by management in their significant accounting estimates, such as those used to assess the carrying value of investments and the recoverability of debtors.

There are inherent limitations in the audit procedures described above and 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. Also, the risk of not detecting material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

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 Auditors' Report.

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 an Auditors' Report 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.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

30 September 2025

TURNOVER

-

-

Administrative expenses

(9,968

)

(4,735

)

OPERATING LOSS and

LOSS BEFORE TAXATION

(9,968

)

(4,735

)

Tax on loss

5

-

-

LOSS FOR THE FINANCIAL YEAR

(9,968

)

(4,735

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(9,968

)

(4,735

)

FIXED ASSETS

Investments

6

3,772,587

3,772,587

CURRENT ASSETS

Debtors

7

5,797,022

5,801,912

Cash at bank

2,616

2,694

5,799,638

5,804,606

CREDITORS

Amounts falling due within one year

8

(2,463,673

)

(2,458,673

)

NET CURRENT ASSETS

3,335,965

3,345,933

TOTAL ASSETS LESS CURRENT LIABILITIES

7,108,552

7,118,520

CAPITAL AND RESERVES

Called up share capital

9

69,845

69,845

Other reserves

10

5,066,315

5,066,315

Retained earnings

10

1,972,392

1,982,360

SHAREHOLDERS' FUNDS

7,108,552

7,118,520

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

C P Fox - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2023

69,845

1,987,095

5,066,315

7,123,255

Changes in equity

Total comprehensive income

-

(4,735

)

-

(4,735

)

Balance at 31 December 2023

69,845

1,982,360

5,066,315

7,118,520

Changes in equity

Total comprehensive income

-

(9,968

)

-

(9,968

)

Balance at 31 December 2024

69,845

1,972,392

5,066,315

7,108,552

1.	STATUTORY INFORMATION

Stressline Holdings Limited is a private company, limited by shares, registered in England and Wales. Its registered office address is Station Road, Stoney Stanton, Leicester, LE9 4LX and the registered number is 03456035.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The individual statements of the company have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" and the Companies Act 2006.

These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the profit and loss account.

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the notes to the accounts.

The functional and presentational currency used is Sterling (£).

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about Stressline Holdings Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The group for which consolidated financial statements are prepared, which include the results of this company, is that headed by CPF Commercial Limited, whose registered office is Station Road, Stoney Stanton, Leicester, LE9 4LX.

Financial instruments

The company has adopted Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies 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.

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. Trade creditors are classified as current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Share capital

Ordinary shares are classified as equity.

Critical accounting judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Impairment of investments

The company makes an estimate of the holding value of investments. When assessing impairment of investments, management consider factors including but not limited to the cash flows expected to arise from the investments and suitable discount rates in order to calculate present values.

(ii) Recoverability of debtors

The company makes an estimate of the recoverable value of debtors. When assessing impairment of debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 December 2024 nor for the year ended 31 December 2023.

The average number of employees during the year was as follows:

2024

2023

Directors

1

1

2024

2023

£

£

Director's remuneration

-

-

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Auditors' remuneration

4,515

4,735

5.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024

2023

£

£

Loss before tax

(9,968

)

(4,735

)

Loss multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

(2,492

)

(1,114

)

Effects of:

Group relief

2,492

1,114

Total tax charge

-

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

3,772,587

NET BOOK VALUE

At 31 December 2024

3,772,587

At 31 December 2023

3,772,587

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

Stressline Limited

Registered office: Station Road, Stoney Stanton, Leicestershire

Nature of business: Concrete Production

%

Class of shares:

holding

Ordinary

100.00

Stressline (Patents)Limited

Registered office: Station Road, Stoney Stanton, Leicestershire

Nature of business: Letting of property

%

Class of shares:

holding

Ordinary

100.00

Stressline Engineering Limited

Registered office: Station Road, Stoney Stanton, Leicestershire

Nature of business: Letting of plant

%

Class of shares:

holding

Ordinary

100.00

Merchant Transport Limited

Registered office: Station Road, Stoney Stanton, Leicestershire

Nature of business: Haulage

%

Class of shares:

holding

Ordinary

100.00

John W Hartley Limited

Registered office: Station Road, Stoney Stanton, Leicestershire

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

5,797,022

5,801,912

Amounts owed by group undertakings are unsecured, interest free and have no fixed date of repayment.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

2,458,673

2,458,673

Accruals and deferred income

5,000

-

2,463,673

2,458,673

Amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

69,845

Ordinary

£1

69,845

69,845

Each share is entitled to equal voting rights and dividends.

10.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2024

1,982,360

5,066,315

7,048,675

Deficit for the year

(9,968

)

-

(9,968

)

At 31 December 2024

1,972,392

5,066,315

7,038,707

Retained earnings

Retained earnings includes all current and prior periods retained profits and losses.

Other reserves

Other reserves comprise of a merger reserve which arose on the acquisition of subsidiaries.

11.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is CPF Commercial Limited, a company incorporated in England & Wales. Consolidated group accounts are publicly available from Companies House.

12.	CONTINGENT LIABILITIES

A cross guarantee exists between Stressline Holdings Limited, Stressline Limited, Stressline Engineering Limited and Stressline (Patents) Limited in respect of assets under hire purchase contracts. At 31 December 2024, the liability amounted to £295,548 (2023: £250,562) of which £nil (2023: £nil) is recognised in Stressline Holdings Limited.

The company is party to a cross guarantee arrangement in relation to the bank borrowings of CPF Commercial Limited, a company within the same group. Security has been given in the form of a fixed and floating debenture over all assets of the company. At the balance sheet date the potential liability amounted to £1,752,522 (2023: £1,805,968).

A cross guarantee exists between Stressline Holdings Limited, Stressline Limited, Stressline Engineering Limited and Stressline (Patents) Limited in respect of assets under hire purchase contracts. At 31 December 2024, the liability amounted to £295,548 (2023: £250,562) of which £nil (2023: £nil) is recognised in Stressline Holdings Limited.

13.	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.

14.	ULTIMATE CONTROLLING PARTY

C P Fox was the ultimate controlling party throughout the current and the preceding year by virtue of his sole shareholding in CPF Commercial Limited.