ACCOUNTS - Final Accounts preparation

Registered number: 15275003

JURAN BIDCO LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

JURAN BIDCO LIMITED

COMPANY INFORMATION

Directors	Mr E J A Buckley (appointed 10 November 2023)
	Mr S M A Howard (appointed 10 November 2023)


Registered number	15275003


Registered office	3rd Floor Stratton House
	5 Stratton Street
	London
	W1J 8LA


Independent auditor	James Cowper Kreston Audit
	Charetered Accountants and Statutory Auditor
	201 Cumnor Hill
	Cumnor
	Oxford
	Oxfordshire
	OX2 9PJ

JURAN BIDCO LIMITED

CONTENTS

	Page
Strategic Report	1 - 2
Directors' Report	3 - 4
Directors' Responsibilities Statement	5
Independent Auditor's Report	6 - 8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 - 20

JURAN BIDCO LIMITED

STRATEGIC REPORT

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

Introduction

The Directors' present their strategic report for the period ended 30 September 2024.

Business review

The Company is a holding company for the period under review. The loss made in the year is for interest paid on its bank loan and administration fees for its investment in its subsidiary companies.

Principal risks and uncertainties

As the company is a holding company and does not trade, the principal risk is the diminution in the value of the Company's investment in its subsidiary.

Financial risk management

Liquidity risk

The Company and Group seeks to manage risks to ensure sufficient liquidity is available to meet future needs and ensure loan repayments are made on time. The directors monitor cash flow regularly to identify at any potential short-term funding issues early. Should a shortfall of liquidity be identified, then additional borrowings from the Group will be provided.

Financial key performance indicators

Key financial performance indicators are:
Loss before taxation for the period was £982,263.

Net assets at the period end were £46,731,090.

Directors' statement of compliance with duty to promote the success of the Company

The directors of Juran Bidco Limited (the "Company") are aware of their duty under section 172 of the Companies Act 2006 to act in a way that they consider, in good faith, would most likely promote the success of the Company for the benefit of its members as a whole. In carrying out this duty, the directors have had regard to the matters set out in section 172(1)(a) to (f), including the likely long-term consequences of their decisions, the interests of employees, relationships with stakeholders, and the impact of the Company’s activities on the environment and community.
The Company is a holding company and forms part of a wider group of companies. During the year, the Company was incorporated as part of the acqusition of a group of companies, which included Pareto Facilities Management Limited, being the group's only trading entity. As such, the Company’s success is closely tied to the performance and governance of those entities.
The directors also consider the views of the Company’s ultimate shareholders when assessing strategic initiatives and capital structure, and they take into account the interests of the group’s employees and other stakeholders to the extent relevant to the Company’s investment role.
Given the Company’s nature and structure, direct engagement with external stakeholders is limited, but the directors remain mindful of the reputational, regulatory, and environmental impact of group decisions and ensure that these factors are considered as part of their group-level discussions.
The directors are satisfied that they have acted in a manner consistent with their duties under section 172 and that their decisions during the year have supported the Company’s purpose as a holding company and its contribution to the overall success of the group.

Page 1

JURAN BIDCO LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

This report was approved by the board This report was approved by the board and signed on its behalf..

Mr E J A Buckley

Director

Date: 30 September 2025

Page 2

JURAN BIDCO LIMITED

DIRECTORS' REPORT

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

The Directors present their report and the financial statements for the period ended 30 September 2024.

Directors

The Directors who served during the period were:

Mr E J A Buckley (appointed 10 November 2023)

Mr S M A Howard (appointed 10 November 2023)

Results and dividends

The loss for the period, after taxation, amounted to £982,263.

The directors do not recommend the payment of a dividend.

Future developments

The directors anticipate the business environment will remain competitive, however, the Group is in a good financial position and that the business risks are being well managed. We will continue to focus on maintaining the organic revenue growth through bidding and winning new contracts and while retaining our existing work. Following the change in ownership this is likely to be complemented with carefully considered acquisitions as the opportunity arises. These are likely to be in niche’s of our service offering that we either currently subcontract or do not currently offer and this will continue to enhance the service quality for our customers. Through this careful and considered approach the directors are confident of the continued profitable success of the business.

Greenhouse gas emissions, energy consumption and energy efficiency action

The Company has not disclosed information in respect of greenhouse gas emissions, energy consumption and energy efficiency action as its energy consumption in the United Kingdom for the period is 40,000kWh or lower.

Disclosure of information to auditor

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

∙the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Post balance sheet events

In September 2025, Ordinary shares were issued for consideration of £6 million. The funds were used to repay £4m of bank borrowings and provide the Group with an additional £2m of working capital. The impact on the financial statements is an increase of equity of £6 million, reduction of bank borrowings of £4 million, and increase in cash and cash equivalents of £2 million.

Auditor

The auditor, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 3

JURAN BIDCO LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

This report was approved by the board and signed on its behalf.

Mr E J A Buckley

Director

Date: 30 September 2025

Page 4

JURAN BIDCO LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

The Directors are responsible for preparing the Strategic Report, the Directors' Report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the Company for that period.

In preparing these financial statements, the Directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙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 transactions and disclose with reasonable accuracy at any time the financial position of the Company and to 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' Reports may differ from legislation in other jurisdictions.

Page 5

JURAN BIDCO LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JURAN BIDCO LIMITED

Opinion

We have audited the financial statements of Juran Bidco Limited (the 'Company') for the period ended 30 September 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, 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 30 September 2024 and of its loss for the period 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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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 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 other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Page 6

JURAN BIDCO LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JURAN BIDCO LIMITED (CONTINUED)

Opinion 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 Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' 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 Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 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 Directors' Responsibilities Statement set out on page 5, 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 is 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 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 Company or to cease operations, or have no realistic alternative but to do so.

Page 7

JURAN BIDCO LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JURAN BIDCO LIMITED (CONTINUED)

Auditor's 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 Auditor's 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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

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 Auditor's 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 Auditor's 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.

James Pitt BA(Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of

James Cowper Kreston Audit

Charetered Accountants and Statutory Auditor

201 Cumnor Hill

Cumnor

Oxford

Oxfordshire

OX2 9PJ

30 September 2025

Page 8

JURAN BIDCO LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

	Period ended 30 September
	2024
Note	£


Administrative expenses		(138,938)
Exceptional administrative expenses	8	(573,796)
Operating (loss)/profit		(712,734)
Interest receivable and similar income	6	1,779,685
Interest payable and similar expenses	7	(2,049,214)
(Loss)/profit before tax		(982,263)
(Loss)/profit for the financial period		(982,263)

There was no other comprehensive income for 2024.

The notes on pages 12 to 20 form part of these financial statements.

Page 9

JURAN BIDCO LIMITED

REGISTERED NUMBER: 15275003

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

		2024
Note		£

Fixed assets
Investments	9		48,901,641
			48,901,641
Current assets
Debtors: amounts falling due within one year	10	22,635,174
Cash at bank and in hand	11	2,536
		22,637,710
Creditors: amounts falling due within one year	12	(10,144,487)
Net current assets			12,493,223
Total assets less current liabilities			61,394,864
Creditors: amounts falling due after more than one year	13		(14,663,774)
Net assets			46,731,090

Capital and reserves
Called up share capital	15	47,713,353
Profit and loss account	16	(982,263)
		46,731,090

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

Mr E J A Buckley	Mr S M A Howard
Director	Director

The notes on pages 12 to 20 form part of these financial statements.

Page 10

JURAN BIDCO LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£

Loss for the period	-	(982,263)	(982,263)
Shares issued during the period	47,713,353	-	47,713,353
At 30 September 2024	47,713,353	(982,263)	46,731,090

The notes on pages 12 to 20 form part of these financial statements.

Page 11

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.	General information

Juran BidCo Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered office address is Stratton House 3rd Floor, 5 Stratton Street, London, W1J 8LA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with 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 judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

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 the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Juran MidCo Limited as at 30 September 2024 and these financial statements may be obtained from Companies House, Crown Way, Cardiff , CF14 3UZ .

Page 12

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.3

Going concern

The financial statements have been prepared on the basis of accounting policies applicable to a going concern.
The Company has made a loss before tax of £982,263 during the period ended 30 September 2024, has net current assets as at 30 September 2024 of £12,493,223 and net assets of £46,731,090.
Forecasts have been prepared using what the directors consider to be reasonable assumptions relating to the Company’s financial performance, current financial position and existing financial resources for a period of a period of least 12 months from the signing of the financial statements which show the Company to have sufficient liquidity to meet its financial obligations as they fall due. The Company is reliant on group borrowings not being called in for repayment for a period of at least 12 months from the signing of the financial statements unless the Company has sufficient resources to do so.
The Group has bank borrowings subject to various covenants. Subsequent to the year end, the ultimate parent company invested £6 million of equity in the Group which was used to repay £4m of the bank borrowings and the facilities were amended. See note 18 for further details on subsequent events.
The forecasts prepared show that Group will meet its financial covenants for at least 12 months from the signing of the financial statements. The Group has considered the expected financial performance, current financial position, existing financial resources and compliance with borrowing covenants for a period of at least 12 months from the date of signing of the financial statements which show the Group and Company to be a going concern.
Based on the above, The Directors are of the opinion that the going concern principle is applicable and that the Company has the necessary resources to continue as a going concern for the foreseeable future.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 13

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates.
No estimates were considered to have a significant effect on the amounts recognised in the financial statements.

Page 14

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.	Auditor's remuneration
	During the period, the Company obtained the following services from the Company's auditor and its associates:
		Period ended 30 September
		2024
		£

Fees payable to the Company's auditor and its associates for the audit of the Company's financial statements

8,500

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Employees

The Company has no employees other than the Directors, who did not receive any remuneration.

6.	Interest receivable
		Period ended 30 September
		2024
		£

	Interest receivable from group companies	1,739,633
	Other interest receivable	40,052

7.	Interest payable and similar expenses
		Period ended 30 September
		2024
		£

	Bank interest payable	1,193,100
	Loans from group undertakings	856,114

Page 15

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.	Exceptional items
		Period ended 30 September
		2024
		£

	Acquisition related costs	573,796
		573,796

The exceptional items related to the ordinarily non-recurring profit and loss items which arise from the wider Group’s strategy of buying and building scale within the technical facilities engineering market. This will consist of a mixture of acquisition related activities including M&A due diligence costs of completed and abortive transactions, consulting across market intelligence and insight reports into potential targets. At the point the strategy is complete these costs would be expected to reduce to minimal levels and not be part of the recurring cost base.

9.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	48,901,641
	At 30 September 2024	48,901,641

Page 16

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

Alpha Group Topco Limited	R+ Building, 2 Blagrave Street, Reading, RG1 1AZ	Ordinary	100%
Alpha Group Midco Limited*	R+ Building, 2 Blagrave Street, Reading, RG1 1AZ	Ordinary	100%
Alpha Group Bidco Limited*	R+ Building, 2 Blagrave Street, Reading, RG1 1AZ	Ordinary	100%
Pareto Facilities Management Limited*	Holborn Town Hall, 193-197 High Holborn, London, WC1V 7BD	Ordinary	100%
Support Maintenance Services Limited*	R+ Building, 2 Blagrave Street, Reading, RG1 1AZ	Ordinary	100%

*indirect subsidary

Page 17

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

10.

Debtors

					2024
					£


	Amounts owed by group undertakings	22,162,402
	Other debtors	472,772
		22,635,174

Amounts owed by group undertakings have interest charged at 11% per annum and there are no fixed dates for repayment.

11.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	2,536

12.	Creditors: Amounts falling due within one year
		2024
		£

	Bank loan	863,167
	Trade creditors	135,960
	Amounts owed to group undertakings	9,145,360
		10,144,487

Amounts owed to group undertakings have interest charged at 11% per annum and there are no fixed dates for repayment.

13.	Creditors: Amounts falling due after more than one year
		2024
		£

	Bank loan	14,663,774

Page 18

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

14.	Loans
	Analysis of the maturity of loans is given below:
		2024
		£

	Amounts falling due within one year
	Bank loan	863,167
		863,167

	Loans
	Bank loan	14,663,774

The Bank loan is secured by way of fixed and floating charges over the assets of the Group.
The Bank loan is repayable over 5 years and incurs interest at a rate of between 8.7% and 9.2%.

15.	Share capital
		2024
		£

		Allotted, called up and fully paid

		4,771,335,280 Ordinary shares of £0.01 each	47,713,353

In the period 4,771,335,279 Ordinary shares were issued at the nominal value.

16.

Reserves

Profit and loss account

The profit and loss account is a Company's accumulated losses up to the date of the balance sheet.

17.	Related party transactions
	The Company has taken exemption under Section 33 of FRS 102 not to disclose transactions with wholly owned group companies.

18.	Post balance sheet events

Page 19

JURAN BIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

19.	Controlling party

In the opinion of the directors, the ultimate controlling party is Pictet Private Equity Feeder Fund, SICAV-RAIF, incorporated in Luxembourg. The registered office is Avenue J.F. Kennedy 15a, Lucembourg, 1855, Luxembourg.
The largest and smallest group in which the results of the Company are consolidated is that headed up by Juran Midco Limited, incorporated in Great Britain. The consolidated accounts of this Company are available to the public and can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Page 20