REGISTERED NUMBER: SC354076 (Scotland)

MACARTHUR GREEN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2024 TO 31ST DECEMBER 2024

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

B G Andrews

R S Hounsome

C A McGlynn

REGISTERED OFFICE:

93 South Woodside Road

Glasgow

G20 6NT

REGISTERED NUMBER:

SC354076 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MacArthur Green Ltd for the period ended 31st December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of MacArthur Green Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacArthur Green Ltd and state those matters that we have agreed to state to the Board of Directors of MacArthur Green Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MacArthur Green Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MacArthur Green Ltd. You consider that MacArthur Green Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of MacArthur Green Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

30th September 2025

FIXED ASSETS

Tangible assets

4

124,056

479,607

CURRENT ASSETS

Debtors

5

2,686,125

1,318,703

Cash at bank

750,340

1,037,060

3,436,465

2,355,763

CREDITORS

Amounts falling due within one year

6

724,316

655,119

NET CURRENT ASSETS

2,712,149

1,700,644

TOTAL ASSETS LESS CURRENT LIABILITIES

2,836,205

2,180,251

CREDITORS

Amounts falling due after more than one year

7

-

(51,032

)

PROVISIONS FOR LIABILITIES

(16,794

)

(24,137

)

NET ASSETS

2,819,411

2,105,082

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,819,311

2,104,982

SHAREHOLDERS' FUNDS

2,819,411

2,105,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

C A McGlynn - Director

1.	STATUTORY INFORMATION

MacArthur Green Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern basis

The company was a going concern at the period end and up to 29th August 2025. On this date, SLR Consulting Limited purchased at fair value, the assets and liabilities in connection with the ongoing trade of MacArthur Green Limited. Any distributable or non-distributable reserves relating to prior to this date remained with MacArthur Green Limited.

Turnover

The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold land and property

- Nil

Plant and machinery

- 20% straight line

Motor vehicles

- 0% to 20% straight line

Improvements to property

- 6.67% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Revenue grants are credited to the profit and loss account to match the related expenditure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 43 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Improvements

land and

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1st February 2024

252,271

79,651

186,939

182,217

701,078

Additions

-

-

6,931

13,995

20,926

Disposals

(252,271

)

(79,651

)

(15,757

)

(8,094

)

(355,773

)

At 31st December 2024

-

-

178,113

188,118

366,231

DEPRECIATION

At 1st February 2024

-

15,694

111,572

94,204

221,470

Charge for period

-

3,100

19,694

30,678

53,472

Eliminated on disposal

-

(18,794

)

(7,362

)

(6,611

)

(32,767

)

At 31st December 2024

-

-

123,904

118,271

242,175

NET BOOK VALUE

At 31st December 2024

-

-

54,209

69,847

124,056

At 31st January 2024

252,271

63,957

75,367

88,013

479,608

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.1.24

£

£

Trade debtors

429,901

331,798

Amounts owed by group undertakings

1,910,838

650,002

Amounts recoverable on contracts

304,306

295,665

Other debtors

41,080

41,238

2,686,125

1,318,703

Included in debtors is a general provision for trade debtors and amounts recoverable on contracts totalling £178,437 (2024: £nil).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.1.24

£

£

Trade creditors

65,715

86,446

Taxation and social security

560,407

382,264

Other creditors

98,194

186,409

724,316

655,119

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.1.24

£

£

Other creditors

-

51,032

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.1.24

value:

£

£

100

Ordinary Shares

1

100

100

9.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £72,917 (31.01.24: £22,917).

10.	POST BALANCE SHEET EVENTS

On 29th August 2025, SLR Consulting Limited purchased at fair value, the assets and liabilities in connection with the ongoing trade of MacArthur Green Limited. Any distributable or non-distributable reserves relating to prior to this date remained with MacArthur Green Limited.

11.	ULTIMATE PARENT COMPANY

ACOF VI Holdings own a majority shareholding of Solar Holdings Topco Limited (an entity incorporated in the United Kingdom during 2022 to serve as the parent company). Solar Holdings Topco Limited is the largest group for which consolidated accounts including the Company will be prepared.

The smallest group for which consolidation accounts will be prepared is Solar Holdings Bidco Limited and has given guarantees against all the outstanding liabilities of the Company to claim audit exemption under Section 479A of the Companies Act 2006.

SLR Consulting Limited, a company incorporated in the United Kingdom, is the immediate parent company.