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REGISTERED NUMBER: 02423416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

B.P.P. Technical Services Limited

B.P.P. Technical Services Limited (Registered number: 02423416)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

B.P.P. Technical Services Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Dr. D T Brown

| Mr E S Brown

| Mr DL Patel

| Professor M H Patel

| Mr P Thomas

| SECRETARY: | The Business Centre

| REGISTERED OFFICE: | Broom House

| 39/43 London Road

| Hadleigh, Benfleet

| Essex

| SS7 2QL

| REGISTERED NUMBER: | 02423416 (England and Wales)

| ACCOUNTANTS: | BPSL

| Brooms Professional Services Limited

| Chartered Certified Accountants

| Broom House

| 39/43 London Road

| Hadleigh, Benfleet

| Essex

| SS7 2QL

B.P.P. Technical Services Limited (Registered number: 02423416)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 153,196 |  | 159,263 |  |

Investments | 5 | 1,608,652 |  | 1,608,652 |  |

1,761,848 |  | 1,767,915 |  |

CURRENT ASSETS

Stocks | 1,859,513 |  | 1,859,513 |  |

Debtors | 6 | 1,543,499 |  | 1,354,829 |  |

Cash at bank and in hand | 292,115 |  | 253,845 |  |

3,695,127 |  | 3,468,187 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,311,472 |  | 2,929,174 |  |

NET CURRENT ASSETS | 383,655 |  | 539,013 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,145,503 |  | 2,306,928 |  |

PROVISIONS FOR LIABILITIES | 200,000 |  | 286,644 |  |

NET ASSETS | 1,945,503 |  | 2,020,284 |  |

CAPITAL AND RESERVES

Called up share capital | 60,000 |  | 75,000 |  |

Share premium | 8 | 63,700 |  | 1,198,079 |  |

Fair value reserve | 8 | 1,222,007 |  | 1,222,007 |  |

Retained earnings | 8 | 599,796 |  | (474,802 | ) |

1,945,503 |  | 2,020,284 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

B.P.P. Technical Services Limited (Registered number: 02423416)

Balance Sheet - continued

31 March 2025

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 22 September 2025 and were signed on its behalf by:

Professor M Patel - Director

B.P.P. Technical Services Limited (Registered number: 02423416)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| B.P.P. Technical Services 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" 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Short leasehold | - | in accordance with the property

| Fixtures and fittings | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 14 ) .

B.P.P. Technical Services Limited (Registered number: 02423416)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Plant and |  | and |

| leasehold |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 361,866 |  | 647,862 |  | 364,509 |  | 1,374,237 |  |

| Additions | - |  | 6,371 |  | 26,327 |  | 32,698 |  |

| At 31 March 2025 | 361,866 |  | 654,233 |  | 390,836 |  | 1,406,935 |  |

| DEPRECIATION

| At 1 April 2024 | 232,399 |  | 621,438 |  | 361,137 |  | 1,214,974 |  |

| Charge for year | 27,036 |  | 7,047 |  | 4,682 |  | 38,765 |  |

| At 31 March 2025 | 259,435 |  | 628,485 |  | 365,819 |  | 1,253,739 |  |

| NET BOOK VALUE

| At 31 March 2025 | 102,431 |  | 25,748 |  | 25,017 |  | 153,196 |  |

| At 31 March 2024 | 129,467 |  | 26,424 |  | 3,372 |  | 159,263 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 1,608,652 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,608,652 |  |

| At 31 March 2024 | 1,608,652 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Shares in

| group

| undertakings

£ |

| Valuation in 2022 | 1,608,652 |  |

B.P.P. Technical Services Limited (Registered number: 02423416)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS - continued

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

| BPP Cables Limited

| Registered office:

| Nature of business: Development of subsea electrical power cables.

| %

| Class of shares: | holding |

| Ordinary | 70.00 |

| BPP Technical Services LLC

| Registered office:

| Nature of business: Oil, Gas and Engineering Consultancy.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| BPP Cables LLC

| Registered office:

| Nature of business: Development of subsea electrical power cables.

| %

| Class of shares: | holding |

| Ordinary | 70.00 |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,036,932 |  | 840,440 |  |

| Other debtors | 65,247 |  | 65,112 |  |

| R&D tax credit refund | 4,292 |  | 22,588 |  |

| VAT | 2,667 |  | 30,152 |  |

| Prepayments | 434,361 |  | 396,537 |  |

1,543,499 |  | 1,354,829 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 3,236,355 |  | 2,878,062 |  |

| Social security and other taxes | 27,164 |  | 31,595 |  |

| Other creditors | 12,031 |  | 14,017 |  |

| Accrued expenses | 35,922 |  | 5,500 |  |

3,311,472 |  | 2,929,174 |  |

B.P.P. Technical Services Limited (Registered number: 02423416)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | RESERVES

| Fair |

| Retained |  | Share |  | value |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 April 2024 | (474,802 | ) | 1,198,079 |  | 1,222,007 |  | 1,945,284 |  |

| Profit for the year | 185,219 |  | 185,219 |  |

| Purchase of own shares | 889,379 |  | (1,134,379 | ) | - |  | (245,000 | ) |

| At 31 March 2025 | 599,796 |  | 63,700 |  | 1,222,007 |  | 1,885,503 |  |

9. | DIRECTORS CONTROL

| The Company is under the complete control of the Directors.

10. | GROUP ACCOUNTS

| By virtue of s383 of the Companies Act 2006 the company has elected not to produce group accounts.