The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Ideso Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Mercer Street, London, United Kingdom, WC2H 9QJ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Pioneer Ideso Holdings Limited (formerly Pioneer Safety Group Limited). These consolidated financial statements are available from its registered office, 1 Mercer Street, London, United Kingdom, WC2H 9QJ.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of not less than twelve months from the date of approval of the financial statements.true

As at the year end, the company has an intercompany loan balance of £2,048,917 payable to the parent company Pioneer Ideso Holdings Limited. The company has received confirmation from the parent company that it will continue to support the company for the following 12 months and beyond and that it will not require any parental loan amounts to be repaid until such time as the company is able to do so without compromising its ability to continue to trade and meet its liabilities as they fall due.

Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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

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 balance sheet 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.

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.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was 3 (2023: 3).

Details of the company's subsidiaries at 31 December 2024 are as follows:

Registered office addresses (all UK unless otherwise indicated):

Details of the company's joint ventures at 31 December 2024 are as follows:

Registered office addresses (all UK unless otherwise indicated):

1 Wangfenggang Town, Xiejiaji District, Huainan City, Anhui Province

2 21B Zaporozhye Street, Novokuznetsk, Kemerovo, 654080, Russian Federation

Included within creditors is an asset based lending agreement with Arbuthnot Banking Group plc. The facility is secured by way of a fixed and floating charge over the assets and undertakings of the company.

During the year the group completed a re-finance and no longer has any debt outstanding with Arbuthnot.

During the year 11,031 ordinary shares of £0.001 were issued by way of share for share exchange with the parent company, Pioneer Ideso Holdings Limited in relation to the acquisition of Baldwin & Francis Limited and Allenwest Pioneer Limited and its subsidiaries.

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 was unqualified.

On 1 January 2024 Ideso Group Limited acquired 100% of the share capital of Baldwin & Francis Limited and Allenwest Pioneer Limited and its subsidiaries. The share capital of these companies was acquired from Pioneer Ideso Holdings Limited, the parent company of Ideso Group Limited, by way of share for share exchange. Pioneer Ideso Holdings Limited remains the parent company of Ideso Group Limited.

Ideso Group Limited is included in a cross guarantee, in favour of Arbuthnot Commercial Asset Based Lending Limited, between Pyroban Limited, Pyropress Limited, Pyropress (Propco) Limited, Baldwin & Francis Limited, Allenwest Limited, Allenwest Pioneer Limited, Allenwest Group Limited, Ideso Group, Inspec Solutions Limited and Pioneer Ideso Holdings Limited. All of the parties have joint and several liability to Arbuthnot Commercial Asset Based Lending Limited. The total amount of liability in relation to the group companies named above under the agreement at 31 December 2024 was £333 (2023: £1,835,912).

At the balance sheet date, Ideso Group Limited is included in a cross guarantee, in favour of Barclays PLC, between Pioneer Ideso Holdings Limited, Petrel Limited, Pyroban Group Limited, Pyropress (Propco) Limited, Ideso Group Limited, Allenwest Pioneer Limited, Allenwest Group Limited, Petrel Pioneer Limited, Pyroban Limited, Pyropress Limited, Allenwest Limited, Baldwin & Francis Limited, Inspec Solutions Limited and Pioneer Safety Group Limited. All of the parties have joint and several liability to Barclays PLC and the facility is secured by way of a fixed and floating charge over the assets and undertakings of all above named companies. The total amount of liability in Pioneer Ideso Holdings Limited in relation to the group companies named above under the agreement at 31 December 2024 was £9,920,702 (2023: £Nil).

The company takes advantage of the exemption available in FRS 102 whereby it has not disclosed transactions with any fellow wholly owned group undertakings.

Pioneer Ideso Holdings Limited:

At the year end, there is a net amount due to Pioneer Ideso Holdings Limited, the intermediary parent company, of £2,048,917 (2023: £1,812,301).

The company is a subsidiary of Pioneer Ideso Holdings Limited, a company incorporated in England and Wales. The ultimate parent undertaking is Longacre Group Limited, a company incorporated in England and Wales.

Pioneer Ideso Holdings Limited is the smallest group to prepare consolidated financial statements which include these financial statements. Longacre Group Limited is the largest group to prepare consolidated financial statements which include these financial statements. Copies of the consolidated financial statements can be obtained from 1 Mercer Street, London, WC2H 9QJ.