REGISTERED NUMBER: 12215966 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

CHARLES TRENT HOLDINGS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

17

DIRECTORS:

M J Trent

N Trent

J Trent

SECRETARY:

M J Trent

REGISTERED OFFICE:

Trent House

8 Georges Avenue

Parkstone

Poole

Dorset

BH12 4ND

REGISTERED NUMBER:

12215966 (England and Wales)

AUDITORS:

Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The directors present their strategic report for the year ended 31st January 2025.

REVIEW OF BUSINESS

The parent of the group Charles Trent Holdings Limited has no material income or costs.

Review of Business: Charles Trent Oldco Limited (formerly Charles Trent Limited)

The company has been dormant for this financial year after the transfer of trade last year.

Review of Business: Charles Trent Limited (formerly Charles Trent Newco Limited)

The last two years have been focused on investment and transformation rather than profitability. Significant investment has been made in the business which will show in years to come. Transitioning from a traditional vehicle recycler to a reverse production and technology-led business, one of only two of its kind globally, has been a costly but deliberate climb. What we now have is a unique, proven model built on hard-won IP, digitised workflows, and embedded systems ready for scale.

What We’ve Learned

This journey wasn’t just about changing what we do it changed how we think. We’ve engineered a complete operational reset, where process, technology, and data now drive value extraction from vehicles in a way the traditional model never could. The learning curve was steep: integrating automation, digitising workflows, and building a system capable of replicable efficiency and scale. But these lessons have now been learnt and efficiencies follow.

Why It Was Worth It

The investment both financial and human has laid the foundations for long-term advantage. We now operate with a data-first mindset, backed by systems that give us visibility, precision, and control. This transformation enables us to unlock value per vehicle at a rate that competitors, bound by legacy models, simply can’t reach.

Where We Stand

We’ve created more than a new operating model we’ve built a platform. One that’s not only commercially scalable but also extremely difficult to copy. With IP embedded across process, technology, and culture, we’ve raised the bar for what vehicle recovery and recycling can be. The next chapter is about acceleration and growth with profitability and positive cash flows now forecast for the next twelve months.

Review of Business: Charles Trent Property Limited

Charles Trent Property Limited is a standalone property investment company. During the year, the fair value of the property portfolio increased from £14.8 million to £25.0 million, reflecting both market movements and the revaluation of certain assets at fair value when designated as Investment properties after a group restructuring. The portfolio remains fully let under long-term lease arrangements, except for one property which has expired but is let on a short-term agreement. This property forms part of a planned development, for which planning permission for a Lidl food store has now been granted.

The directors consider company performance for the year to be satisfactory in light of current market conditions.

PRINCIPAL RISKS AND UNCERTAINTIES

Charles Trent Limited / Charles Trent Oldco Limited

It has been deemed that the following items listed below are the principal risks and uncertainties looking forwards:

Scrap commodity prices

Salvage returns can be affected by used car prices/ fixed price contracts

Cost of fuel

Wage costs

Staffing

Energy prices

Charles Trent Property Limited

Interest rate risk

The risk of interest rates increasing could result in loss of rental income and increased bank loan repayments. Currently all rental income is received up to date. Charles Trent Limited is responsible for a large portion of rental income therefore the directors do not deem this risk to be material.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Impairment risk

The company uses the cost model for valuing property, plant and equipment, therefore a price drop in the property market could create an impairment risk on the valuation of assets. In the year one property was independently revalued at substantially higher than the carrying value therefore the directors do not deem this risk to be material.

FUTURE PLANS

Future Plans: Charles Trent Oldco Limited (formerly Charles Trent Limited)

The company is expected to remain dormant for the foreseeable future.

Future Plans: Charles Trent Limited (formerly Charles Trent Newco Limited)

2025 marks the beginning of the scale phase the point where investment meets return. After two intense years of transformation, development, and refinement, we now move into execution. This is the year we prove not only that the model works, but that it delivers exceptional commercial and operational value.

We’re no longer testing or learning we are deploying. The infrastructure is in place. The systems are live. The team is ready. With every vehicle processed, we’re generating cleaner data, greater margin, and stronger commercial insight.

Our focus for 2025 is simple but critical:

>Scale throughput with precision

>Expand margin through system optimisation

>Demonstrate model superiority against legacy operators

>Position the platform for regional and national replication

This is not just growth that is targeted, it’s controlled, intelligent scale. We now have a platform, a playbook, and the confidence to execute both.

Future Plans: Charles Trent Property Limited

Property remains a key strategic asset class for the wider group. The company will continue to evaluate opportunities to acquire, dispose of, or redevelop properties to enhance the long-term value of the portfolio.

ON BEHALF OF THE BOARD:

M J Trent - Director

30th July 2025

The directors present their report with the financial statements of the company for the year ended 31st January 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31st January 2025 will be £ 100 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1st February 2024 to the date of this report.

M J Trent

N Trent

J Trent

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 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 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 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are 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 each director 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, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M J Trent - Director

30th July 2025

Opinion

We have audited the financial statements of Charles Trent Holdings Limited (the 'company') for the year ended 31st January 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 31st January 2025 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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 Report of the Directors.

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 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 Statement of Directors' Responsibilities set out on page five, 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 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.

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 a Report of the Auditors 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:

Explanation as to what extent the audit was considered capable of detecting irregularities, including Fraud.

Irregularities, including fraud, are instances of non-compliance with laws and regulations.

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

Financial reporting Standard 102

Companies Act 2006

UK General Data Protection Regulation

Environmental Agency

We assessed the risks of material misstatement in respect of fraud as follows:

> Discussed the risk of material misstatement due to irregularities, including fraud with management at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

> Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

> Completed a risk assessment checklist to aid in the identification of risks for a company of this size and nature.

> We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

> Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

> Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.

> Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

> Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

> The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

> Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

> Further, at both the planning and completion stage of the audit enquiries where made of management any known instances of fraud or non-compliance with laws and regulations

> These representations were corroborated where possible through the review of board minutes. No contradictory evidence was noted.

We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Jeff Oliver (Senior Statutory Auditor)

for and on behalf of Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

30th July 2025

TURNOVER

-

-

Administrative expenses

140,711

172,265

OPERATING LOSS

4

(140,711

)

(172,265

)

Write off of intercompany loan

5

1,804,382

-

(1,945,093

)

(172,265

)

Income from shares in group undertakings

345,364

6,000,000

(LOSS)/PROFIT BEFORE TAXATION

(1,599,729

)

5,827,735

Tax on (loss)/profit

6

(35,178

)

(43,066

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(1,564,551

)

5,870,801

(LOSS)/PROFIT FOR THE YEAR

(1,564,551

)

5,870,801

OTHER COMPREHENSIVE INCOME

Capital reduction

-

3

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

3

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(1,564,551

)

5,870,804

FIXED ASSETS

Investments

8

76

176

CURRENT ASSETS

Debtors

9

6,434,026

6,053,484

Cash at bank

82

81

6,434,108

6,053,565

CREDITORS

Amounts falling due within one year

10

2,188,374

243,280

NET CURRENT ASSETS

4,245,734

5,810,285

TOTAL ASSETS LESS CURRENT LIABILITIES

4,245,810

5,810,461

CAPITAL AND RESERVES

Called up share capital

12

72

72

Capital redemption reserve

13

3

3

Retained earnings

13

4,245,735

5,810,386

SHAREHOLDERS' FUNDS

4,245,810

5,810,461

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

M J Trent - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st February 2023

75

(60,415

)

-

(60,340

)

Changes in equity

Issue of share capital

(3

)

-

-

(3

)

Total comprehensive income

-

5,870,801

3

5,870,804

Balance at 31st January 2024

72

5,810,386

3

5,810,461

Changes in equity

Dividends

-

(100

)

-

(100

)

Total comprehensive income

-

(1,564,551

)

-

(1,564,551

)

Balance at 31st January 2025

72

4,245,735

3

4,245,810

Cash flows from operating activities

Cash generated from operations

1

(148,398

)

(176,665

)

Net cash from operating activities

(148,398

)

(176,665

)

Cash flows from investing activities

Purchase of fixed asset investments

-

(100

)

Net cash from investing activities

-

(100

)

Cash flows from financing activities

Intercompany loan movements

148,399

176,765

Net cash from financing activities

148,399

176,765

Increase in cash and cash equivalents

1

-

Cash and cash equivalents at beginning of year

2

81

81

Cash and cash equivalents at end of year

2

82

81

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

(Loss)/profit before taxation

(1,599,729

)

5,827,735

Intercompany loan write off

1,804,382

-

Finance income

(345,364

)

(6,000,000

)

(140,711

)

(172,265

)

Decrease in trade and other creditors

(7,687

)

(4,400

)

Cash generated from operations

(148,398

)

(176,665

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

82

81

Year ended 31st January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

81

81

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank

81

1

82

81

1

82

Total

81

1

82

4.	MAJOR NON-CASH TRANSACTIONS

During the year an intercompany loan balance of £345,364 (2024: £6,000,000) due to Charles Trent Oldco Limited from Charles Trent Property Limited was reassigned to the company via a distribution in specie.

During the year an intercompany loan balance of £1,804,382 due to Charles Trent Oldco Limited from Charles Trent Limited (formerly Charles Trent Newco Limited) was reassigned to the company from Charles Trent Oldco Limited.

Subsequently, the loan balance of £1,804,382 due from Charles Trent Limited (formerly Charles Trent Newco Limited) to the company was written off.

On the 20th December 2024 the company transferred ownership of the shares of Charles Trent Limited (formerly Charles Trent Newco Limited) to its ultimate parent company Charles Trent Holdco 1 Limited as part of a group restructuring. The net book value of the assets transferred totalled £100 and the transfer was made at no gain no loss via a dividend in specie.

1.	STATUTORY INFORMATION

Charles Trent Holdings 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Acquisitions and transfers of trade

On 15th June 2023 Charles Trent Limited (formerly Charles Trent Newco Limited) was incorporated and the 100 Ordinary shares issued to Charles Trent Holdings Limited.

On the 29th September 2023 Charles Trent Oldco Limited (formerly Charles Trent Limited) disposed of its trade, assets and liabilities to Charles Trent Limited (formerly Charles Trent Newco Limited) on a no gain no loss basis. The transfer had no impact on the consolidated figures.

On the 7th August 2024 Charles Trent Holdco 1 was installed as the ultimate parent company of the group and it acquired 100% of the shares in Charles Trent Holdings Limited in a share for share exchange.

On the 20th December 2024 the shares of Charles Trent Limited (formerly Charles Trent Newco Limited) were distributed in specie at net book value to Charles Trent Holdco 1 Limited.

Going Concern Justification

The company is a holding company with no operating costs. Therefore, its ability to continue as a going concern is dependant on the performance of its subsidiaries, the going concern justification of the groups subsidiary companies is detailed below:

Charles Trent Oldco Limited

The company ceased to trade on 29th September 2023. Its trade, assets and liabilities were transferred to a fellow subsidiary company as per the detailed note below.

The directors intend to keep the company open for the foreseeable future in a dormant state.

Given the above factors the accounts have been prepared on a going concern basis.

Charles Trent Property Limited

All properties are let on long term leases with one exception. Rents are charged in advance and there have been no issues with non payment of rents. Revenue is therefore expected to remain consistent.

Loans made to related parties have been reviewed by the directors and are considered to be recoverable based on a robust going concern review of the companies involved.

The parent of the group Charles Trent Holdings Limited has confirmed that there is no intention to recall the £6.35m loan balance, included within creditors, within 12 months of the date of signing this report or indeed for the foreseeable future.

The directors review budgets, cash flow forecasts, and management accounts on a regular basis and act on the results accordingly to ensure that the company can continue to trade and meet its liabilities as they fall due.

Given the above factors the accounts have been prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Charles Trent Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Charles Trent Holdco 1 Limited, 43 Richmond Hill, Bournemouth, England, BH2 6LR.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31st January 2025 nor for the year ended 31st January 2024.

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

2025

2024

£

£

Directors' remuneration

-

-

4.	OPERATING LOSS

The operating loss is stated after charging:

2025

2024

£

£

Auditors remuneration

5,000

9,600

5.	EXCEPTIONAL ITEMS

2025

2024

£

£

Write off of intercompany loan

(1,804,382

)

-

During the year an intercompany loan balance of £1,804,382 due to Charles Trent Oldco Limited from Charles Trent Limited (formerly Charles Trent Newco Limited) was reassigned to the company from Charles Trent Oldco Limited.

Subsequently, the loan balance of £1,804,382 due from Charles Trent Limited (formerly Charles Trent Newco Limited) to the company was written off.

6.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

2025

2024

£

£

Deferred tax

(35,178

)

(43,066

)

Tax on (loss)/profit

(35,178

)

(43,066

)

Reconciliation of total tax credit 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:

2025

2024

£

£

(Loss)/profit before tax

(1,599,729

)

5,827,735

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(399,932

)

1,456,934

Effects of:

Income not taxable for tax purposes

(86,342

)

(1,500,000

)

rate

Write off of intercompany loan

451,096

-

Total tax credit

(35,178

)

(43,066

)

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31st January 2025.

2024

Gross

Tax

Net

£

£

£

Capital reduction

3

-

3

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

100

-

8.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st February 2024

176

Disposals

(100

)

At 31st January 2025

76

NET BOOK VALUE

At 31st January 2025

76

At 31st January 2024

176

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

Charles Trent Property Limited

Registered office: Trent House, 8 St Georges Avenue, Parkstone, Poole, Dorset, UK, BH12 4ND

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

2,439,817

1,760,979

Profit for the year

678,838

78,837

Charles Trent Oldco Limited

Registered office: Trent House, 8 St Georges Avenue, Parkstone, Poole, Dorset, England, BH12 4ND

Nature of business: Dormant

%

Class of shares:

holding

Ordinary, Ordinary A, B and C

100.00

2025

2024

£

£

Aggregate capital and reserves

1,804,280

2,149,644

Loss for the year

(345,364

)

(6,329,920

)

Charles Trent Limited

Registered office: 8 St Georges Avenue, Parkstone, Poole, Dorset, England, BH12 4ND

Nature of business: Vehicle Recycling

%

Class of shares:

holding

2025

2024

£

£

Aggregate capital and reserves

(406,821

)

(713,129

)

Profit/(loss) for the year

306,308

(713,129

)

100% of the shares in Charles Trent Limited were transferred to Charles Trent Holdco 1 Limited on the 7th August 2024 on a no gain no loss basis for the net book value of £100.