Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The director shown below has held office during the whole of the period from
16 January 2024 to 31 March 2025

The director shown below has held office during the period of
16 January 2024 to 28 February 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 October 2025

And signed on behalf of the board by:
Name: Stewart Grant Booth
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  (a) Basis of preparation The financial statements have been prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) as issued by the International Accounting Standards Board (IASB). The financial statements have been prepared under the historical cost convention. Under the provisions of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs), certain disclosure requirements may be omitted when the information is not considered material to the users of the financial statements. Accordingly, the Company has taken advantage of the reduced disclosure framework and has not presented detailed related party disclosures, as permitted under IFRS for SMEs. The Company has taken advantage of the exemption permitted under the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) from presenting a statement of cash flows, on the basis that it qualifies as a micro-entity under the Companies Act 2006. (i) Going Concern The financial statements have been prepared on a going concern basis. The Directors confirm, at the time of approving the financial statements, that there is a reasonable expectation the Company will have adequate resources to continue in operational existence for the foreseeable future. There is an expectation that cash resources will be available to pay the future liabilities, supported by the continued financial backing of the shareholder, being Urban Impact Holdings. Accordingly, these financial statements are prepared on a going concern basis. (ii) Significant accounting judgments, estimates and assumptions In application of the Company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are not deemed to have a material impact on the carrying value of any such assets and liabilities. (b) Trade and other receivables Trade and other receivables are amounts due in the ordinary course of business. If collection is expected in one year or less, they are classified as current assets. If not, they are presented as non-current assets. Trade and other receivables are initially recognised at fair value, and subsequently where necessary re-measured at amortised cost less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence the Company will not be able to collect all amounts due in accordance with the original terms of the receivables. Balances are written off to the statement of comprehensive income when the probability of recovery is assessed as being remote. (c) Cash and cash equivalents Cash and cash equivalents comprise cash in hand and deposits held at call with banks. (d) Financial instruments The Company has applied the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) to all of its financial instruments. Financial instruments are recognised in the statement of financial position when the Company becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are offset and the net amount presented in the financial statements only when there is a legally enforceable right to set off the recognised amounts and an intention either to settle on a net basis or to realise the asset and settle the liability simultaneously. (i) Basic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at fair value including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. (ii) Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. (iii) Basic financial liabilities Basic financial liabilities, including trade and other payables and loans from fellow group companies 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. (e) Taxes The tax charge in the statement of comprehensive income (if any) comprises of current and deferred tax. Current tax assets and liabilities for the period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and the tax laws used to compute the amount are those that are enacted or substantively enacted as at the statement of financial position date. Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax that is provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted as at the statement of financial position date. Deferred tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the temporary difference can be utilised. (f) Finance Costs Admin fees consist of bank charges payable which are expensed in the period in which they occur. (g) Expenses All expenses are recognised on an accruals basis in the statement of Comprehensive Income in the period in which they occurred. (h) Share Capital Ordinary shares are classified as equity where there is no obligation to transfer cash or other assets.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	15 months to 31 March 2025
  Average number of employees during the period	0