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REGISTERED NUMBER: 01797052 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNUSUAL RIGGING LIMITED

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Income Statement | 9 |

Other Comprehensive Income | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 12 |

Notes to the Financial Statements | 13 |

UNUSUAL RIGGING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | A Harper

| S Porter

| M Priestley

| B H Rose

| S Stone

| S Tiernan

| P Jacobi

| REGISTERED OFFICE: | 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| BUSINESS ADDRESS: | The Wharf

| Litchborough Road

| Bugbrooke

| NN7 3QB

| REGISTERED NUMBER: | 01797052 (England and Wales)

| AUDITORS: | MGR Weston Kay LLP

| Statutory Auditors

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| BANKERS: | Lloyds Banking Group plc

| 98 Victoria Street

| London SW1E 5JL

| Handelsbanken plc

| 3rd Floor, 86 Jermyn Street

| London SW1Y 6JD

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

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

REVIEW OF BUSINESS

The company enjoyed an excellent year with an increase in turnover of 55.9% compared to 2024. The increase in activity was accompanied by an increase in direct costs of 50.9% compared to 2024. However, there was an increase in administrative expenses of 24.0% compared to 2024, resulting in a net profit after tax of £3,398,548 (2024: £1,502,266).

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the main risks faced by the business are managing the variation associated with large one-off events together with the associated technical challenges of projects involving the provision of rigging services. The directors are aware of these complexities and have developed sophisticated job planning systems to manage the resources needed for each project and have become recognised experts within rigging and live events services.

DEVELOPMENT AND PERFORMANCE

In the opinion of the directors, the company was in a strong position at the year end having enjoyed good profitability during the year. However, the net assets and shareholders' funds increased to £12.4m at the year end.

KEY PERFORMANCE INDICATORS

The company's management monitor the performance of the business including reviewing individual contracts, management information including the management accounts, resource and staffing requirements. The main key performance indicators are gross profit margin which was 34.8% compared to 32.6% in the previous year, the net profit margin which was 17.5% compared to 10.8% in the previous year and the net current asset ratio which has increased from 2.27 to 2.88.

ON BEHALF OF THE BOARD:

A Harper - Director

29 September 2025

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

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

PRINCIPAL ACTIVITY

The principal activities of the company primarily involves providing services to performing arts and other industries, including the fabrication and installation of rigging in theatres, museums, stadiums, arenas, conference centres and outdoor venues, theatre and stage engineering and specialised metal work.

DIVIDENDS

Ordinary dividends were paid amounting to £2,250,000. The directors do not recommend payment of a final dividend.

DIRECTORS

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

A Harper

S Porter

M Priestley

B H Rose

S Stone

S Tiernan

P Jacobi

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The company operates a treasury function which is responsible for managing the liquidity and interest risks associated with the company’s activities.

Liquidity risk

The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the businesses.

Credit risk

Investments of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfil credit rating criteria approved by the Board.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

Future Developments

Unusual Rigging Limited continues to expand its portfolio of rigging activities in different sectors. The directors aim to

maintain the significant presence in the theatre and stage engineering sectors. Based on these results and current economic climate, the directors are satisfied with the results for the year and the company's future trading prospects.

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, MGR Weston Kay LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

A Harper - Director

29 September 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL RIGGING LIMITED

Opinion

We have audited the financial statements of Unusual Rigging Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 31 March 2025 and of its 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL RIGGING LIMITED

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 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL RIGGING LIMITED

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.

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 without 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:

As part of our planning of the audit work required, we obtained an understanding of the legal and regulatory frameworks that are applicable to the entity via enquiries of the company's management, carrying out analytical procedures, holding discussions amongst the engagement team and using our knowledge of the sector. We determined that the most significant laws and regulations were relating to:

- Health and safety regulations;

- Employment law; and

- UK Tax legislation.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as FRS102 and the Companies Act 2006.

Based on the results of our risk assessment we designed our audit procedures to identify instances of non-compliance with the laws and regulations and the fraud risks identified. This included enquiries of management to understand their policies and procedures for compliance with those regulations and we completed the following tests:

- Obtained an understanding of relevant controls;

- Reviewed the company's risks assessments, procedures, health and safety policies and communications with

employees;

- Checked a sample of documentation;

- Reviewed records for evidence of complaints or litigation; and

- Reviewed correspondence with HMRC.

We also assessed the risk of material misstatement in relation to fraud in respect of the following:

- Revenue fraud;

- Unauthorised expenditure and/or payments;

- Management override of controls; and

- Related party fraud.

Based on the results of our risk assessment we designed audit procedures to identify and address material misstatements in relation to fraud. This included the risk of management bias and the risk of making inappropriate accounting entries.

No significant issues were identified during our testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities, including fraud, rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusions, forgery, intentional omissions, misrepresentations or the override of internal controls.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

UNUSUAL RIGGING LIMITED

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.

Sarah Yardley (Senior Statutory Auditor)

For and on behalf of MGR Weston Kay LLP

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

29 September 2025

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

TURNOVER | 4 | 27,441,139 |  | 17,603,436 |  |

Cost of sales | (17,892,577 | ) | (11,858,041 | ) |

GROSS PROFIT | 9,548,562 |  | 5,745,395 |  |

Administrative expenses | (5,006,648 | ) | (4,036,370 | ) |

OPERATING PROFIT | 6 | 4,541,914 |  | 1,709,025 |  |

Interest receivable and similar income | 7 | 323,414 |  | 223,959 |  |

4,865,328 |  | 1,932,984 |  |

Interest payable and similar expenses | 8 | (72,533 | ) | (26,760 | ) |

PROFIT BEFORE TAXATION | 4,792,795 |  | 1,906,224 |  |

Tax on profit | 9 | (1,394,248 | ) | (403,958 | ) |

PROFIT FOR THE FINANCIAL YEAR | 3,398,547 |  | 1,502,266 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 3,398,547 |  | 1,502,266 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 3,398,547 |  | 1,502,266 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 11 | 5,105,213 |  | 4,678,375 |  |

CURRENT ASSETS

Stocks | 12 | 75,737 |  | 89,530 |  |

Debtors | 13 | 2,283,993 |  | 3,702,746 |  |

Cash at bank | 10,073,617 |  | 8,457,415 |  |

12,433,347 |  | 12,249,691 |  |

CREDITORS

Amounts falling due within one year | 14 | (4,314,492 | ) | (5,390,017 | ) |

NET CURRENT ASSETS | 8,118,855 |  | 6,859,674 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,224,068 |  | 11,538,049 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (353,903 | ) | (469,013 | ) |

PROVISIONS FOR LIABILITIES | 17 | (1,143,353 | ) | (490,771 | ) |

NET ASSETS | 11,726,812 |  | 10,578,265 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 100,000 |  | 100,000 |  |

Retained earnings | 11,626,812 |  | 10,478,265 |  |

SHAREHOLDERS' FUNDS | 11,726,812 |  | 10,578,265 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

A Harper - Director

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 100,000 |  | 10,975,999 |  | 11,075,999 |  |

Changes in equity

Dividends | - |  | (2,000,000 | ) | (2,000,000 | ) |

Total comprehensive income | - |  | 1,502,266 |  | 1,502,266 |  |

Balance at 31 March 2024 | 100,000 |  | 10,478,265 |  | 10,578,265 |  |

Changes in equity

Dividends | - |  | (2,250,000 | ) | (2,250,000 | ) |

Total comprehensive income | - |  | 3,398,547 |  | 3,398,547 |  |

Balance at 31 March 2025 | 100,000 |  | 11,626,812 |  | 11,726,812 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Unusual Rigging 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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| - Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

| - Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest

| income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

| - Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

| The financial statements of the company are consolidated in the financial statements of Unusual Industries

| Limited. These consolidated financial statements are available from its registered office, 55 Loudoun Road, St. John's Wood, London, NW8 0DL.

| This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| - Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and d isclosures;

| - Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest i ncome/expense and net gains/losses for each category of financial instrument; basis of determining fair v alues; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised i n profit or loss and in other comprehensive income;

| - Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

| The financial statements of the company are consolidated in the financial statements of Unusual Industries Limited. These consolidated financial statements are available from its registered office, 55 Loudoun Road, St. John's Wood, London, NW8 0DL.

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover represents the value of all services supplied by the company based on the dates the work is undertaken and equipment provided net of value added tax.

| Turnover on equipment sales is recognised on delivery date.

| Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear, compared with the total expected costs for that contract.

| Tangible fixed assets

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

| Plant and machinery | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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.

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| The company operates defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the company in independently administered funds.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TURNOVER

| In the opinion of the directors it would be seriously prejudicial to the company's interests if turnover by class and geographical area is disclosed.

5. | EMPLOYEES AND DIRECTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Wages and salaries | 3,660,375 |  | 3,555,529 |  |

| Social security costs | 382,551 |  | 389,016 |  |

| Other pension costs | 349,705 |  | 404,335 |  |

4,392,631 |  | 4,348,880 |  |

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

| 31.3.25 |  | 31.3.24

| Administrative staff | 17 |  | 18 |  |

| Production staff | 59 |  | 57 |  |

76 |  | 75 |  |

| 31.3.25 |  | 31.3.24

£ | £ |

| Directors' remuneration | 469,170 |  | 496,092 |  |

| Directors' pension contributions to money purchase schemes | 180,000 |  | 186,000 |  |

| Information regarding the highest paid director is as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Emoluments etc | 115,091 |  | 130,093 |  |

| Pension contributions to money purchase schemes | 48,750 |  | 48,750 |  |

| The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 4 (2024 - 4).

6. | OPERATING PROFIT

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire of plant and machinery | 1,593 |  | - |  |

| Other operating leases | - |  | 886 |  |

| Depreciation - owned assets | 1,034,088 |  | 965,153 |  |

| Loss/(profit) on disposal of fixed assets | 2,591 |  | (61,271 | ) |

| Auditors' remuneration | 33,000 |  | 27,000 |  |

| Foreign exchange differences | 92,944 |  | 30,559 |  |

| Tax and other services | 12,092 |  | 14,116 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank account interest | 323,414 |  | 223,959 |  |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank interest | 12,497 |  | - |  |

| Hire purchase | 60,036 |  | 26,760 |  |

72,533 |  | 26,760 |  |

9. | TAXATION

| Analysis of the tax charge

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Current tax:

| UK corporation tax | 741,665 |  | 458,624 |  |

| Deferred tax | 652,583 |  | (54,666 | ) |

| Tax on profit | 1,394,248 |  | 403,958 |  |

| 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:

| 31.3.25 |  | 31.3.24

£ | £ |

| Profit before tax | 4,792,795 |  | 1,906,224 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,198,199 |  | 476,556 |  |

| Effects of:

| Expenses not deductible for tax purposes | 321,081 |  | 230,954 |  |

| Capital allowances in excess of depreciation | (397,697 | ) | (233,568 | ) |

| Gains not taxable | - |  | (15,318 | ) |

| Deferred tax - origination and reversal of timing differences | 652,583 |  | (54,666 | ) |

| Group relief | (379,918 | ) | - |  |

| Total tax charge | 1,394,248 |  | 403,958 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | DIVIDENDS

| 31.3.25 |  | 31.3.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 2,250,000 |  | 2,000,000 |  |

11. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 11,849,472 |  | 1,265,446 |  | 13,114,918 |  |

| Additions | 1,192,129 |  | 396,593 |  | 1,588,722 |  |

| Disposals | - |  | (257,416 | ) | (257,416 | ) |

| At 31 March 2025 | 13,041,601 |  | 1,404,623 |  | 14,446,224 |  |

| DEPRECIATION

| At 1 April 2024 | 8,045,135 |  | 391,408 |  | 8,436,543 |  |

| Charge for year | 749,470 |  | 284,618 |  | 1,034,088 |  |

| Eliminated on disposal | - |  | (129,620 | ) | (129,620 | ) |

| At 31 March 2025 | 8,794,605 |  | 546,406 |  | 9,341,011 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,246,996 |  | 858,217 |  | 5,105,213 |  |

| At 31 March 2024 | 3,804,337 |  | 874,038 |  | 4,678,375 |  |

| The net carrying value of tangible fixed assets includes the following in respect of assets held under hire purchase contracts.

|  | 31.3.25 |  | 31.3.24 |  |

|  | £ |  | £ |  |

| Plant and machinery |  | 137,112 |  | 161,308 |  |

| Motor Vehicles |  | 784,838 |  | 900,635 |  |

|  | 921,950 |  | 1,061,943 |  |

12. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Finished goods | 75,737 |  | 89,530 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,646,411 |  | 2,336,673 |  |

| Amounts owed by group undertakings | - |  | 223,353 |  |

| Other debtors | 25,214 |  | - |  |

| Tax | 447,000 |  | - |  |

| Prepayments and accrued income | 165,368 |  | 1,142,720 |  |

2,283,993 |  | 3,702,746 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts (see note 16) | 386,181 |  | 293,251 |  |

| Trade creditors | 578,589 |  | 2,399,885 |  |

| Amounts owed to group undertakings | 739,536 |  | 50,367 |  |

| Taxation | 1,275,286 |  | 313,565 |  |

| Social security and other taxes | 117,423 |  | 111,408 |  |

| Other creditors | 27,175 |  | 54,114 |  |

| Accruals and deferred income | 1,190,302 |  | 2,167,427 |  |

4,314,492 |  | 5,390,017 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts (see note 16) | 353,903 |  | 469,013 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 386,181 |  | 293,251 |  |

| Between one and five years | 353,903 |  | 469,013 |  |

740,084 |  | 762,264 |  |

| Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

17. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 1,143,353 |  | 490,771 |  |

UNUSUAL RIGGING LIMITED (REGISTERED NUMBER: 01797052)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

17. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 490,771 |  |

| Charge to Income Statement during year | 652,582 |  |

| Balance at 31 March 2025 | 1,143,353 |  |

| The deferred tax balance set out above is not expected to materially change in the next 12 months, other than the reversal of the short term timing differences.

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

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

19. | PENSION COMMITMENTS

| The charge to the profit or loss in respect of defined contribution schemes was £349,705 (2024: £404,335).

| The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Unusual Industries Limited, a company registered in England and Wales. At the date of the approval of the accounts the ultimate controlling party was A Harper.

| Unusual Industries Limited has included the company in its group accounts, copies of which are available from its registered office, 55 Loudoun Road, St. John's Wood, London, NW8 0DL.

21. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.