IRIS Accounts Production v25.3.0.601 10734827 Board of Directors 31.1.25 1.2.24 31.1.25 31.1.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 48 43 true true true false true true false false false false true false Ordinary 0 Deferred 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10734827 2024-01-31 10734827 2025-01-31 10734827 2024-02-01 2025-01-31 10734827 2023-01-31 10734827 2023-02-01 2024-01-31 10734827 2024-01-31 10734827 ns15:EnglandWales 2024-02-01 2025-01-31 10734827 ns14:PoundSterling 2024-02-01 2025-01-31 10734827 ns10:Director1 2024-02-01 2025-01-31 10734827 ns10:Consolidated 2025-01-31 10734827 ns10:ConsolidatedGroupCompanyAccounts 2024-02-01 2025-01-31 10734827 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10734827 ns10:Consolidated ns10:MediumEntities 2024-02-01 2025-01-31 10734827 ns10:Consolidated ns10:Audited 2024-02-01 2025-01-31 10734827 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 10734827 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10734827 ns10:Consolidated 2024-02-01 2025-01-31 10734827 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 10734827 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10734827 ns10:FullAccounts 2024-02-01 2025-01-31 10734827 ns5:Subsidiary1 2024-02-01 2025-01-31 10734827 1 2024-02-01 2025-01-31 10734827 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 10734827 ns10:OrdinaryShareClass2 2024-02-01 2025-01-31 10734827 ns10:Director2 2024-02-01 2025-01-31 10734827 ns10:Director4 2024-02-01 2025-01-31 10734827 ns10:Director5 2024-02-01 2025-01-31 10734827 ns10:Director6 2024-02-01 2025-01-31 10734827 ns10:RegisteredOffice 2024-02-01 2025-01-31 10734827 ns10:Director3 2024-02-01 2025-01-31 10734827 ns10:Consolidated 2023-02-01 2024-01-31 10734827 ns5:CurrentFinancialInstruments 2025-01-31 10734827 ns5:CurrentFinancialInstruments 2024-01-31 10734827 ns5:ShareCapital 2025-01-31 10734827 ns5:ShareCapital 2024-01-31 10734827 ns5:SharePremium 2025-01-31 10734827 ns5:SharePremium 2024-01-31 10734827 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 10734827 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 10734827 ns5:ShareCapital 2023-01-31 10734827 ns5:RetainedEarningsAccumulatedLosses 2023-01-31 10734827 ns5:SharePremium 2023-01-31 10734827 ns5:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 10734827 ns5:ShareCapital 2024-02-01 2025-01-31 10734827 ns5:SharePremium 2024-02-01 2025-01-31 10734827 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 10734827 ns5:NetGoodwill 2024-02-01 2025-01-31 10734827 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 10734827 ns5:ComputerSoftware 2024-02-01 2025-01-31 10734827 ns5:LeaseholdImprovements 2024-02-01 2025-01-31 10734827 ns5:PlantMachinery 2024-02-01 2025-01-31 10734827 ns5:MotorVehicles 2024-02-01 2025-01-31 10734827 ns5:ComputerEquipment 2024-02-01 2025-01-31 10734827 ns5:CostValuation 2024-01-31 10734827 1 ns5:Subsidiary1 2024-02-01 2025-01-31 10734827 ns5:Subsidiary1 2025-01-31 10734827 ns5:Subsidiary1 2024-01-31 10734827 ns5:Subsidiary1 2023-02-01 2024-01-31 10734827 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 10734827 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 10734827 ns10:OrdinaryShareClass1 2025-01-31 10734827 ns10:OrdinaryShareClass2 2025-01-31 10734827 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 10734827 ns5:SharePremium 2024-01-31

REGISTERED NUMBER: 10734827 (England and Wales)

| 2097 HOLDINGS LIMITED |

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2025 |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

| Page |

Company Information | 1 |

Group Strategic Report | 2 |  | to |  | 3

Report of the Directors | 4 |  | to |  | 5

Report of the Independent Auditors | 6 |  | to |  | 8

Consolidated Income Statement | 9 |

Consolidated Other Comprehensive Income | 10 |

Consolidated Statement of Financial Position | 11 |

Company Statement of Financial Position | 12 |

Consolidated Statement of Changes in Equity | 13 |

Company Statement of Changes in Equity | 14 |

Consolidated Statement of Cash Flows | 15 |

Notes to the Consolidated Statement of Cash Flows | 16 |

Notes to the Consolidated Financial Statements | 17 |  | to |  | 27

2097 HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | L C Barrass

| S Marsland

| R A Mycroft

| S J Wall

| H R Stockdale

| REGISTERED OFFICE: | 4 Henley Way

| Doddington Road

| Lincoln

| Lincolnshire

| LN6 3QR

| BUSINESS ADDRESS: | c/o Acorn Partitions & Storage

| Systems Ltd

| Kingsley Road

| Lincoln

| Lincolnshire

| LN6 3TA

| REGISTERED NUMBER: | 10734827 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Tara Bellamy FCA

| AUDITORS: | Duncan & Toplis Audit Limited, Statutory Auditor

| 4 Henley Way

| Doddington Road

| Lincoln

| Lincolnshire

| LN6 3QR

| BANKERS: | HSBC Bank Plc

| 221 High Street

| Lincoln

| Lincolnshire

| LN1 1TS

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2025

The directors present their strategic report of the company and the group for the year ended 31 January 2025.

REVIEW OF BUSINESS

The results for the year and financial position of the group are as shown in the annexed financial statements.

| 2025 |  | 2024 |  |

| £ |  | £ |  |

Turnover |  | 23,793 |  | 18,500 |  |

Cost of sales |  | 19,133 |  | 14,210 |  |

Gross Profit |  | 4,840 |  | 4,290 |  |

Gross profit margin % |  | 20.34 |  | 21.19 |  |

Profit on ordinary activities before taxation |  | 1,513 |  | 1,513 |  |

% of profit on ordinary activities before taxation |  | 6.36 |  | 8.18 |  |

In the year to 31 January 2025 the group traded well achieving another very good financial result. We have continued to focus on our relationship with a number of key customers and won multiple projects from financially strong customers.

The Directors are pleased that the strategic decisions taken, identifying and selecting the right work for our expertise, resulting not only in a good financial result but also in excellent quality work being delivered and high customer satisfaction.

The Directors have continued to invest in recruiting new employees both experienced team members with a proven track record in the industry and also apprentices and trainees to ensure the longevity of the company in to the future.

Our business strategy is to continue to maintain our high standards of service in the sectors and project types we are experienced in whilst keeping overheads at a manageable level.

RISK MANAGEMENT

Executing the group's strategy and managing routine activity involves the management of a number of risks. The key business risks and uncertainties affecting the company are considered to be:

- the potential for key clients to reduce investment in fit-out and refit projects depending upon the economic state of their respective market sectors, and

- credit risk with respect to defaults by customers on amounts owed

- risk of financial failure of subcontractors appointed to undertake work on the group's behalf

The directors are managing these risks on an ongoing basis and appropriate processes are put in place to monitor and mitigate them. These include:-

Credit risk

The group seeks to manage its credit risk by dealing with established customers or otherwise checking the credit worthiness of new customers and taking up front deposits where there is deemed to be a higher risk, establishing clear contractual relationships with those customers and by identifying and addressing any credit issues arising in a timely manner.

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2025

Customer risk

The group has spread the number of customers and sectors it services to mitigate the risk of exposure to the downfall in any individual sector.

Supply Chain risk

The group has continued to expand the number of suppliers and subcontractors it uses. The company checks the financial standing for all key trade subcontractors prior to appointment and establishes clear contractual relationships with such subcontractors.

Liquidity risk

The group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs. Longer term requirements are covered by the high levels of cash deposits.

Forward Business Review

Since the year-end, the group has successfully completed a management buyout (MBO) involving members of the existing board of directors. This transaction was made possible by the group's strong financial and operational foundation, ensuring continuity of the business. All operational directors have remained actively involved in the group, enabling a smooth and seamless transition. As a result, there has been no disruption to day-to-day operations for customers and employees.

The Directors are optimistic about the forthcoming year, with a strong workload of secured orders and a healthy pipeline with a wide range of opportunities from a diverse customer base.

The Directors are continuing to focus on expanding our supply chain and ensuring we are communicating with our customers and suppliers to have sufficient lead time to minimise potential disruptions.

The Directors wish to thank our customers for trusting in us to deliver their important investment projects to a high standard. We also thank our employees for their hard work and commitment, and thank our suppliers for their continued support.

ON BEHALF OF THE BOARD:

L C Barrass - Director

16 October 2025

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JANUARY 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of interior fit out specialists.

DIVIDENDS

Interim dividends per share on the Ordinary £1 shares were paid as follows:

£5 |  | - 10 April 2024

£5 |

The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Deferred £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 January 2025 will be £ 487,500 .

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

L C Barrass

S Marsland

Other changes in directors holding office are as follows:

R A Mycroft , S J Wall and H R Stockdale were appointed as directors after 31 January 2025 but prior to the date of this report.

D P Crookes ceased to be a director after 31 January 2025 but prior to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

The donation costs totalled £6,226 (2024: £6,821) they are not political donations.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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), 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JANUARY 2025

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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

L C Barrass - Director

16 October 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

2097 HOLDINGS LIMITED

Opinion

We have audited the financial statements of 2097 Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 31 January 2025 and of the group's profit 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

2097 HOLDINGS LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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 four, 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 group's and the parent 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 group or the parent 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:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Directors and other management obtained as part of the work required by auditing standards. We have also discussed with the Directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the group is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements, (including risk of override of controls) and determined that the principal risks were related to management bias in accounting estimate and judgemental areas of the financial statements such as depreciation of tangible fixed asset, calculations around amounts recoverable on contracts and accrued project costs, as well as the risk of inappropriate journal entries to increase reported profitability. Audit procedures performed by the engagement team included the identification and testing of material and unusual journal entries and challenging management on key accounting estimates, assumptions and judgements made in preparation of the financial statements. We carried out detailed substantive tests on accounting estimates, including reviewing the methods used by management to make those estimates, re-performing the calculation, and reviewing the outcome of prior year estimates.

Secondly, the group is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified compliance with the Health and Safety regulations as most likely to have such an effect.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection. We enquired with management and inspected health and safety reports from visits in the year. The group is accredited with a CHAS certification, which is primarily for the construction industry and allows the group to give customers additional assurance over the health and safety standards they follow. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

2097 HOLDINGS LIMITED

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions of the override of internal controls.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Tara Bellamy FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

16 October 2025

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 31 JANUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 23,973,161 |  | 18,500,038 |  |

Cost of sales | 19,132,646 |  | 14,209,732 |  |

GROSS PROFIT | 4,840,515 |  | 4,290,306 |  |

Administrative expenses | 3,386,658 |  | 2,786,655 |  |

1,453,857 |  | 1,503,651 |  |

Other operating income | 4 | 11,863 |  | 9,688 |  |

1,465,720 |  | 1,513,339 |  |

Interest receivable and similar income | 6 | 57,540 |  | - |  |

1,523,260 |  | 1,513,339 |  |

Interest payable and similar expenses | 7 | 10,645 |  | 679 |  |

PROFIT BEFORE TAXATION | 8 | 1,512,615 |  | 1,512,660 |  |

Tax on profit | 9 | 467,102 |  | 436,963 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,045,513 |  | 1,075,697 |  |

Profit attributable to:

Owners of the parent | 1,045,513 |  | 1,075,697 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,045,513 |  | 1,075,697 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,045,513 |  | 1,075,697 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,045,513 |  | 1,075,697 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 12 | 540,163 |  | 794,478 |  |

Tangible assets | 13 | 406,877 |  | 421,566 |  |

Investments | 14 | 33 |  | 33 |  |

947,073 |  | 1,216,077 |  |

CURRENT ASSETS

Stocks | 15 | 71,070 |  | 166,471 |  |

Debtors | 16 | 2,360,175 |  | 2,588,434 |  |

Cash at bank and in hand | 4,733,844 |  | 2,999,345 |  |

7,165,089 |  | 5,754,250 |  |

CREDITORS

Amounts falling due within one year | 17 | 4,293,787 |  | 3,719,549 |  |

NET CURRENT ASSETS | 2,871,302 |  | 2,034,701 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,818,375 |  | 3,250,778 |  |

PROVISIONS FOR LIABILITIES | 20 | 69,520 |  | 69,836 |  |

NET ASSETS | 3,748,855 |  | 3,180,942 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 1,502,500 |  | 1,497,500 |  |

Share premium | 22 | 7,350 |  | 2,450 |  |

Retained earnings | 22 | 2,239,005 |  | 1,680,992 |  |

SHAREHOLDERS' FUNDS | 3,748,855 |  | 3,180,942 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

L C Barrass - Director

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

COMPANY STATEMENT OF FINANCIAL POSITION

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 12 | - |  | - |  |

Tangible assets | 13 | - |  | - |  |

Investments | 14 | 8,617,581 |  | 8,617,581 |  |

8,617,581 |  | 8,617,581 |  |

CURRENT ASSETS

Debtors | 16 | 82,343 |  | 103,271 |  |

CREDITORS

Amounts falling due within one year | 17 | 4,713,268 |  | 6,712,066 |  |

NET CURRENT LIABILITIES | (4,630,925 | ) | (6,608,795 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,986,656 |  | 2,008,786 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 1,502,500 |  | 1,497,500 |  |

Share premium | 22 | 7,350 |  | 2,450 |  |

Retained earnings | 22 | 2,476,806 |  | 508,836 |  |

SHAREHOLDERS' FUNDS | 3,986,656 |  | 2,008,786 |  |

Company's profit for the financial year | 2,455,470 |  | 276,559 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

L C Barrass - Director

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 February 2023 | 1,497,500 |  | 890,295 |  | 2,450 |  | 2,390,245 |  |

Changes in equity

Dividends | - |  | (285,000 | ) | - |  | (285,000 | ) |

Total comprehensive income | - |  | 1,075,697 |  | - |  | 1,075,697 |  |

Balance at 31 January 2024 | 1,497,500 |  | 1,680,992 |  | 2,450 |  | 3,180,942 |  |

Changes in equity

Issue of share capital | 5,000 |  | - |  | 4,900 |  | 9,900 |  |

Dividends | - |  | (487,500 | ) | - |  | (487,500 | ) |

Total comprehensive income | - |  | 1,045,513 |  | - |  | 1,045,513 |  |

Balance at 31 January 2025 | 1,502,500 |  | 2,239,005 |  | 7,350 |  | 3,748,855 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 February 2023 | 1,497,500 |  | 517,277 |  | 2,450 |  | 2,017,227 |  |

Changes in equity

Dividends | - |  | (285,000 | ) | - |  | (285,000 | ) |

Total comprehensive income | - |  | 276,559 |  | - |  | 276,559 |  |

Balance at 31 January 2024 | 1,497,500 |  | 508,836 |  | 2,450 |  | 2,008,786 |  |

Changes in equity

Issue of share capital | 5,000 |  | - |  | 4,900 |  | 9,900 |  |

Dividends | - |  | (487,500 | ) | - |  | (487,500 | ) |

Total comprehensive income | - |  | 2,455,470 |  | - |  | 2,455,470 |  |

Balance at 31 January 2025 | 1,502,500 |  | 2,476,806 |  | 7,350 |  | 3,986,656 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,654,632 |  | 2,983,486 |  |

Interest paid | (42 | ) | (679 | ) |

Tax paid | (454,750 | ) | (373,239 | ) |

Taxation refund | 4,199 |  | - |  |

Net cash from operating activities | 2,204,039 |  | 2,609,568 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (10,000 | ) | (6,720 | ) |

Purchase of tangible fixed assets | (108,486 | ) | (133,163 | ) |

Sale of tangible fixed assets | 6,346 |  | - |  |

Interest received | 57,540 |  | - |  |

Net cash from investing activities | (54,600 | ) | (139,883 | ) |

Cash flows from financing activities

Amount introduced by directors | 20,166 |  | - |  |

Amount withdrawn by directors | 42,494 |  | (251,250 | ) |

Share issue | 5,000 |  | - |  |

Share premium | 4,900 |  | - |  |

Equity dividends paid | (487,500 | ) | (7,500 | ) |

Net cash from financing activities | (414,940 | ) | (258,750 | ) |

Increase in cash and cash equivalents | 1,734,499 |  | 2,210,935 |  |

Cash and cash equivalents at beginning of year | 2 | 2,999,345 |  | 788,410 |  |

Cash and cash equivalents at end of year | 2 | 4,733,844 |  | 2,999,345 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,512,615 |  | 1,512,660 |  |

| Depreciation charges | 118,707 |  | 81,518 |  |

| Profit on disposal of fixed assets | (1,877 | ) | - |  |

| Amortisation of goodwill | 264,315 |  | 262,761 |  |

| Finance costs | 10,645 |  | 679 |  |

| Finance income | (57,540 | ) | - |  |

1,846,865 |  | 1,857,618 |  |

| Decrease/(increase) in stocks | 95,401 |  | (72,581 | ) |

| Decrease in trade and other debtors | 167,849 |  | 1,102,207 |  |

| Increase in trade and other creditors | 544,517 |  | 96,242 |  |

| Cash generated from operations | 2,654,632 |  | 2,983,486 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 January 2025

| 31.1.25 |  | 1.2.24

£ | £ |

| Cash and cash equivalents | 4,733,844 |  | 2,999,345 |  |

| Year ended 31 January 2024

| 31.1.24 |  | 1.2.23

£ | £ |

| Cash and cash equivalents | 2,999,345 |  | 788,410 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.2.24 | Cash flow | At 31.1.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 2,999,345 |  | 1,734,499 |  | 4,733,844 |  |

2,999,345 |  | 1,734,499 |  | 4,733,844 |  |

| Total | 2,999,345 |  | 1,734,499 |  | 4,733,844 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| 2097 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Basis of consolidation

| The group financial statements consolidate the financial statements of 2097 Holdings Limited and its subsidiary undertaking drawn up to 31 January each year.

| The subsidiary is consolidated from the date of acquisition, being the date on which the group obtains control, and continues to be consolidated until the date that such control ceases.

| The financial statements of the subsidiary is prepared for the same reporting year as the parent company, using consistent accounting policies.

| Intercompany balances and transactions, including unrealised profits arising from intragroup transactions, have been eliminated.

| The parent company has taken advantage of section 408 of the Companies Act 2006 and has not included its own Income Statement in these financial statements.

| Significant judgements and estimates

| In the application of the group's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis and are covered within the accounting policies:

| (i) The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 13 for the carrying amount of the property plant and equipment, and accounting policy note for the usual economic lives of each class of assets.

| (ii) The group makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, ageing profile of debtors and historical experience. See note 16 for the net carrying amount of the debtors and associated impairment provision.

| (iii) The group makes an estimate for accrued project costs at the year end date, these estimates are determined based on a number of factors such as the stage completion of the projects, the expected margin on the projects and the historical performance of similar projects.

| Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from interior fitting is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of the interior work.

| Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| In respect of long term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion.

| Interest receivable

| Interest income is recognised using the effective interest method.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of businesses in 2017 and 2023 less impairment, is being amortised evenly over its estimated useful life of ten years.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in income statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance, 20% on cost and 10% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on cost and 20% on cost

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Government grants

| The company receives government grants in respect of the contraction industry training. These grants are recognised at fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance/accrual model.

| Stocks

| Work in progress are costs incurred to date on projects beyond the stage of completion at the year end date.

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The group has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| Basic financial liabilities, including trade and other creditors, bank loans and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to the income statement in the period to which they relate.

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Provisions and contingencies

| Provisions are recognised when the group has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

| Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with

| In particular:

| (i) Restructuring provisions are recognised when the group has a detailed, formal plan for the restructuring and has raised a valid expectation in those affected by either starting to implement the plan or announcing its main features to those affected and therefore has a legal or constructive obligation to carry out the restructuring; and

| (ii) Provision is not made for future operating losses.

| Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

| Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the group’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.

| Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.

| Investments

| Investments are recognised initially at fair value which is normally the transaction price excluding transactions costs. Subsequently, they are measured at fair value through the income statement if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairments.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

4. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Sundry receipts | 188 |  | 1,663 |  |

| Government grants | 11,675 |  | 8,025 |  |

11,863 |  | 9,688 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

5. | EMPLOYEES AND DIRECTORS

| £ |  | £ |  |

| Wages and salaries |  | 2,380,031 |  | 1,964,642 |  |

| Social security costs |  | 189,838 |  | 212,200 |  |

| Other pension costs |  | 64,601 |  | 42,073 |  |

|  | 2,634,470 |  | 2,218,915 |  |

| The average number of employees during the year was as follows: |  |

|  | 2025 |  | 2024 |  |

| Number of directors |  | 6 |  | 6 |  |

| Number of CAD staff |  | 4 |  | 4 |  |

| Number of sales staff |  | 5 |  | 4 |  |

| Number of administrative staff |  | 5 |  | 4 |  |

| Number of projects staff |  | 12 |  | 11 |  |

| Number of fitters |  | 10 |  | 8 |  |

| Number of joinery staff |  | 6 |  | 6 |  |

|  | 48 |  | 43 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 733,764 |  | 591,814 |  |

| Directors' pension contributions to money purchase schemes | 13,331 |  | 14,355 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 5 |  | 5 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 292,367 |  | 189,657 |  |

6. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 57,540 |  | - |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Corporation tax interest | 10,603 |  | - |  |

| HMRC interest | 42 |  | 679 |  |

10,645 |  | 679 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

8. | PROFIT BEFORE TAXATION

| The profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 405,649 |  | 326,626 |  |

| Other operating leases | 93,155 |  | 93,155 |  |

| Depreciation - owned assets | 118,707 |  | 81,467 |  |

| Profit on disposal of fixed assets | (1,877 | ) | - |  |

| Goodwill amortisation | 264,115 |  | 262,761 |  |

| Computer software amortisation | 200 |  | 50 |  |

| Auditors' remuneration | 16,750 |  | 14,940 |  |

9. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 467,418 |  | 429,062 |  |

| Deferred tax | (316 | ) | 7,901 |  |

| Tax on profit | 467,102 |  | 436,963 |  |

| Reconciliation of total tax charge 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

£ | £ |

| Profit before tax | 1,512,615 |  | 1,512,660 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 378,154 |  | 378,165 |  |

| Effects of:

| Expenses not deductible for tax purposes | 20,469 |  | 8,338 |  |

| Depreciation in excess of capital allowances | 68,796 |  | 59,876 |  |

| Accelerated capital allowances | (317 | ) | 7,901 |  |

| Restatement of profits due to change in tax rates | - |  | (17,317 | ) |

| Total tax charge | 467,102 |  | 436,963 |  |

10. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

11. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 487,500 |  | 285,000 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

12. | INTANGIBLE FIXED ASSETS

| Group

| Computer |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024 | 3,683,004 |  | 2,000 |  | 3,685,004 |  |

| Additions | 10,000 |  | - |  | 10,000 |  |

| At 31 January 2025 | 3,693,004 |  | 2,000 |  | 3,695,004 |  |

| AMORTISATION

| At 1 February 2024 | 2,890,476 |  | 50 |  | 2,890,526 |  |

| Amortisation for year | 264,115 |  | 200 |  | 264,315 |  |

| At 31 January 2025 | 3,154,591 |  | 250 |  | 3,154,841 |  |

| NET BOOK VALUE

| At 31 January 2025 | 538,413 |  | 1,750 |  | 540,163 |  |

| At 31 January 2024 | 792,528 |  | 1,950 |  | 794,478 |  |

13. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| to |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 724,483 |  | 266,616 |  | 200,275 |  | 332,784 |  | 1,524,158 |  |

| Additions | 10,785 |  | 555 |  | 33,800 |  | 63,346 |  | 108,486 |  |

| Disposals | - |  | - |  | (35,195 | ) | (17,742 | ) | (52,937 | ) |

| Reclassification/transfer | 4,017 |  | - |  | - |  | - |  | 4,017 |  |

| At 31 January 2025 | 739,285 |  | 267,171 |  | 198,880 |  | 378,388 |  | 1,583,724 |  |

| DEPRECIATION

| At 1 February 2024 | 511,312 |  | 227,689 |  | 120,537 |  | 243,054 |  | 1,102,592 |  |

| Charge for year | 31,057 |  | 15,619 |  | 27,557 |  | 44,474 |  | 118,707 |  |

| Eliminated on disposal | - |  | - |  | (30,726 | ) | (17,742 | ) | (48,468 | ) |

| Reclassification/transfer | 4,016 |  | - |  | - |  | - |  | 4,016 |  |

| At 31 January 2025 | 546,385 |  | 243,308 |  | 117,368 |  | 269,786 |  | 1,176,847 |  |

| NET BOOK VALUE

| At 31 January 2025 | 192,900 |  | 23,863 |  | 81,512 |  | 108,602 |  | 406,877 |  |

| At 31 January 2024 | 213,171 |  | 38,927 |  | 79,738 |  | 89,730 |  | 421,566 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

14. | FIXED ASSET INVESTMENTS

| Group

| Unlisted

| investments

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 33 |  |

| NET BOOK VALUE

| At 31 January 2025 | 33 |  |

| At 31 January 2024 | 33 |  |

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 8,617,581 |  |

| NET BOOK VALUE

| At 31 January 2025 | 8,617,581 |  |

| At 31 January 2024 | 8,617,581 |  |

| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiary

| Acorn Partitions & Storage Systems Limited

| Registered office: APSS Ltd, Kingsley Road, Lincoln, LN6 3TA

| Nature of business: Interior fit out specialists

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 7,854,497 |  | 9,001,808 |  |

| Profit for the year | 1,340,189 |  | 1,346,780 |  |

15. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | - |  | 2,000 |  |

| Work-in-progress | 71,070 |  | 164,471 |  |

71,070 |  | 166,471 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 1,289,984 |  | 1,425,839 |  | - |  | - |  |

| Amounts recoverable on contract | 826,418 |  | 928,822 |  | - |  | - |  |

| Other debtors | 708 |  | 6,552 |  | 708 |  | 1,076 |  |

| Directors' current accounts | 1,137 |  | 61,547 |  | - |  | 70,160 |  |

| Tax | 31,635 |  | 31,635 |  | 31,635 |  | 31,635 |  |

| Prepayments and accrued income | 210,293 |  | 134,039 |  | 50,000 |  | 400 |  |

2,360,175 |  | 2,588,434 |  | 82,343 |  | 103,271 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade creditors | 1,503,219 |  | 1,628,978 |  | 69 |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 4,613,109 |  | 6,544,440 |  |

| Taxation | 262,729 |  | 235,259 |  | - |  | - |  |

| Other taxes and social security | 793,548 |  | 483,701 |  | 67,967 |  | 49,482 |  |

| Other creditors | 17,156 |  | 20,055 |  | - |  | - |  |

| Directors' current accounts | 2,250 |  | - |  | - |  | - |  |

| Accruals and deferred income | 1,714,885 |  | 1,351,556 |  | 32,123 |  | 118,144 |  |

4,293,787 |  | 3,719,549 |  | 4,713,268 |  | 6,712,066 |  |

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 189,624 |  | 160,864 |  |

| Between one and five years | 90,344 |  | 151,741 |  |

279,968 |  | 312,605 |  |

19. | SECURED DEBTS

| Charges are registered at Companies House to the company. There is a fixed charge to HSBC PLC over all present and future right, title and interest in ot to any freehold or leasehold land and all buildings, fixtures and fittings on it, any chattels other than stock in trade or work in progress. There is also a floating charge over all property or undertaking of the company. There is also a fixed and floating charge to HSBC PLC over all assets.

20. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 69,520 |  | 69,836 |  |

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

20. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 69,836 |  |

| Credit to Income Statement during year | (316 | ) |

| Balance at 31 January 2025 | 69,520 |  |

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100,000 | Ordinary | £1 | 100,000 |  | 95,000 |  |

| 1,402,500 | Deferred | £1 | 1,402,500 |  | 1,402,500 |  |

1,502,500 |  | 1,497,500 |  |

| 5,000 Ordinary shares of £1 each were allotted as fully paid at a premium of 98p per share during the year.

22. | RESERVES

| Group

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 February 2024 | 1,680,992 |  | 2,450 |  | 1,683,442 |  |

| Profit for the year | 1,045,513 |  | 1,045,513 |  |

| Dividends | (487,500 | ) | (487,500 | ) |

| Cash share issue | - |  | 4,900 |  | 4,900 |  |

| At 31 January 2025 | 2,239,005 |  | 7,350 |  | 2,246,355 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 February 2024 | 508,836 |  | 2,450 |  | 511,286 |  |

| Profit for the year | 2,455,470 |  | 2,455,470 |  |

| Dividends | (487,500 | ) | (487,500 | ) |

| Cash share issue | - |  | 4,900 |  | 4,900 |  |

| At 31 January 2025 | 2,476,806 |  | 7,350 |  | 2,484,156 |  |

| Retained earnings reserve represents all current and prior period retained profits and losses less dividends paid. All amounts are distributable.

| Share premium reserve represents the premium arising on the issue of shares net of issue costs.

23. | PENSION COMMITMENTS

| The group operates a defined contribution scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund. Contributions payable by the group for the year were £47,650 (2024 - £42,073).Contributions totalling £3,199 (2024 - £2,985) were payable to the fund at the year end.

2097 HOLDINGS LIMITED (REGISTERED NUMBER: 10734827)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

24. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 | 2024 |

£ | £ |

| L C Barrass

| Balance outstanding at start of year | 59,785 |  | 59,785 |  |

| Amounts advanced | 282,506 |  | 165,000 |  |

| Amounts repaid | (341,167 | ) | (165,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,124 |  | 59,785 |  |

| S Marsland

| Balance outstanding at start of year | 1,749 |  | 27,999 |  |

| Amounts advanced | 87,500 |  | 26,250 |  |

| Amounts repaid | (91,500 | ) | (52,500 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (2,251 | ) | 1,749 |  |

| D P Crookes

| Balance outstanding at start of year | 12 |  | 12 |  |

| Amounts advanced | 50,000 |  | - |  |

| Amounts repaid | (50,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 12 |  | 12 |  |

25. | RELATED PARTY DISCLOSURES

| Key management personnel of the entity or its parent (in the aggregate)

2025 | 2024 |

£ | £ |

| Sales | - |  | 14,283 |  |

| Amount due to related party | 12 |  | 12 |  |

| Other related parties

2025 | 2024 |

£ | £ |

| Rent and insurance | 94,183 |  | 94,190 |  |

| During the year, a total of key management personnel compensation of £733,765 (2024 - £591,814) was paid.

26. | POST BALANCE SHEET EVENTS

| The ultimate controlling party became APSS Group Limited on 20th March 2025.

27. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is L C Barrass.