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REGISTERED NUMBER: 03494223 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

POLICE RESOURCES INTERNATIONAL LIMITED

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Contents of the Financial Statements

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

POLICE RESOURCES INTERNATIONAL LIMITED

Company Information

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTOR: | D A Gollop

| REGISTERED OFFICE: | 1 Fair Oak Court

| Clyst Honiton

| Exeter

| Devon

| EX5 2BB

| REGISTERED NUMBER: | 03494223 (England and Wales)

| ACCOUNTANTS: | Gravita Western Limited

| Keble House

| Southernhay Gardens

| Exeter

| Devon

| EX1 1NT

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Balance Sheet

30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 482,887 |  | 493,074 |  |

CURRENT ASSETS

Stocks | 367,934 |  | 487,234 |  |

Debtors | 5 | 4,281,181 |  | 3,539,928 |  |

Cash at bank and in hand | 2,285,838 |  | 3,118,884 |  |

6,934,953 |  | 7,146,046 |  |

CREDITORS

Amounts falling due within one year | 6 | (509,411 | ) | (940,705 | ) |

NET CURRENT ASSETS | 6,425,542 |  | 6,205,341 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,908,429 |  | 6,698,415 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (27,197 | ) |

PROVISIONS FOR LIABILITIES | (10,327 | ) | - |  |

NET ASSETS | 6,898,102 |  | 6,671,218 |  |

CAPITAL AND RESERVES

Called up share capital | 1,250 |  | 1,250 |  |

Share premium | 16,000 |  | 16,000 |  |

Freehold Property Revaluation

Reserve | 342,580 |  | 355,659 |  |

Retained earnings | 6,538,272 |  | 6,298,309 |  |

SHAREHOLDERS' FUNDS | 6,898,102 |  | 6,671,218 |  |

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Balance Sheet - continued

30 APRIL 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

D A Gollop - Director

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Notes to the Financial Statements

FOR THE YEAR ENDED 30 APRIL 2025

1. | COMPANY INFORMATION

| Police Resources International Limited is a private company, limited by shares , registered in England and Wales. 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 (£).

| The company's principal activities and nature of its operations are disclosed in the Directors' Report.

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 as modified by the revaluation of certain assets.

| Going concern

| The directors have considered the appropriateness of the going concern basis in preparing these financial statements.

| While the company is solvent and has sufficient resources to meet its liabilities as they fall due, the directors intend to submit the company for liquidation and licenced insolvency practitioners will be appointed during the month in which these financial statements are dated.

| Therefore, the going concern basis is not appropriate and the financial statements have been prepared on a basis other than going concern. This basis includes valuing assets at their estimated net realisable value.

| Long-term liabilities have been reclassified as current where it is expected that the liquidation timetable will require their settlement within the next 12 months.

| The cost of the liquidation has not been provided for as these are not yet committed.

| Turnover

| Turnover represents amounts chargeable in respect of the sale of goods.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Fixtures, fittings & equipment | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Land and buildings are initially recognised at cost. Freehold land is subsequently carried at the revalued amount less accumulated impairment losses. Buildings and leasehold land are subsequently carried at the revalued amounts less accumulated depreciation and accumulated impairment losses.

| Increases in carrying amounts arising from revaluation are recognised in the freehold property revaluation reserve, unless they offset previous decreases in the carrying amounts of the same asset, in which case they are recognised in profit or loss. Decreases in carrying amounts that offset previous increases of the same asset are recognised against the freehold property revaluation reserve. All other decreases in carrying amounts are recognised as a loss in the the statement of comprehensive income.

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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 year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 year 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 7 ) .

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures, |

| Freehold |  | fittings |  | Motor |

| property |  | & equipment |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 495,000 |  | 43,590 |  | 14,542 |  | 553,132 |  |

| Additions | - |  | 1,334 |  | - |  | 1,334 |  |

| At 30 April 2025 | 495,000 |  | 44,924 |  | 14,542 |  | 554,466 |  |

| DEPRECIATION

| At 1 May 2024 | 8,250 |  | 38,085 |  | 13,723 |  | 60,058 |  |

| Charge for year | 9,900 |  | 1,416 |  | 205 |  | 11,521 |  |

| At 30 April 2025 | 18,150 |  | 39,501 |  | 13,928 |  | 71,579 |  |

| NET BOOK VALUE

| At 30 April 2025 | 476,850 |  | 5,423 |  | 614 |  | 482,887 |  |

| At 30 April 2024 | 486,750 |  | 5,505 |  | 819 |  | 493,074 |  |

| Cost or valuation at 30 April 2025 is represented by:

| Fixtures, |

| Freehold |  | fittings |  | Motor |

| property |  | & equipment |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2007 | 111,417 |  | - |  | - |  | 111,417 |  |

| Valuation in 2017 | 20,000 |  | - |  | - |  | 20,000 |  |

| Valuation in 2019 | (20,000 | ) | - |  | - |  | (20,000 | ) |

| Valuation in 2023 | 95,000 |  | - |  | - |  | 95,000 |  |

| Cost | 288,583 |  | 44,924 |  | 14,542 |  | 348,049 |  |

495,000 |  | 44,924 |  | 14,542 |  | 554,466 |  |

| The land and buildings were revalued at market value by Stratton Creber Commercial on 23 June 2023 to £495,000.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 539,362 |  | 33,081 |  |

| Amounts owed by associates | 3,473,181 |  | 3,473,181 |  |

| Other debtors | 268,638 |  | 33,666 |  |

4,281,181 |  | 3,539,928 |  |

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 27,084 |  | 250,819 |  |

| Payments on account | - |  | 42,894 |  |

| Trade creditors | 22,728 |  | 21,814 |  |

| Amounts owed to associates | 25,303 |  | 25,303 |  |

| Taxation and social security | 424,609 |  | 579,839 |  |

| Other creditors | 9,687 |  | 20,036 |  |

509,411 |  | 940,705 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 27,197 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 27,084 |  | 278,016 |  |

| The bank loans are secured by fixed and floating charges over assets of the company.

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| D A Gollop

| Balance outstanding at start of year | 2,746 |  | 181,685 |  |

| Amounts advanced | 352,348 |  | 12,061 |  |

| Amounts repaid | (122,473 | ) | (191,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 232,621 |  | 2,746 |  |

| The loan has had interest charged at the official rate and is repayable on demand.

POLICE RESOURCES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03494223)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2025

10. | RELATED PARTY DISCLOSURES

| Related entities

| Included in other debtors (amounts falling due within one year) are loans made to limited companies in which Mr D Gollop is a director.

| At the balance sheet date the outstanding loan balances amounted to £3,447,878 (2024: £3,447,878).

| The loans are interest free and repayable on demand.