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REGISTERED NUMBER: 04461839 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

ELM Building Service Engineers Ltd

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Balance Sheet

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 95,233 |  | 92,288 |  |

CURRENT ASSETS

Stocks | 15,759 |  | 10,048 |  |

Debtors | 5 | 1,619,630 |  | 3,124,543 |  |

Cash at bank and in hand | 1,145,604 |  | 1,312,956 |  |

2,780,993 |  | 4,447,547 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,318,410 |  | 2,443,371 |  |

NET CURRENT ASSETS | 1,462,583 |  | 2,004,176 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,557,816 |  | 2,096,464 |  |

PROVISIONS FOR LIABILITIES | 17,198 |  | 13,733 |  |

NET ASSETS | 1,540,618 |  | 2,082,731 |  |

CAPITAL AND RESERVES

Called up share capital | 95 |  | 95 |  |

Capital redemption reserve | 5 |  | 5 |  |

Capital contribution reserve | 2,250 |  | - |  |

Retained earnings | 1,538,268 |  | 2,082,631 |  |

SHAREHOLDERS' FUNDS | 1,540,618 |  | 2,082,731 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

N A Munday - Director

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| ELM Building Service Engineers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 04461839

| Registered office: | Unit E1

| Nepshaw Lane South

| Gildersome

| Leeds

| West Yorkshire

| LS27 7JQ

| 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

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

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

| Stocks

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

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

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial instruments:

| Trade and other debtors

| Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash at bank

| Cash at bank and in hand and deposits held with banks are measured at transaction price.

| Trade and other creditors

| Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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 makes employer contributions into the personal pension schemes of directors and employees at its discretion. Contributions paid are charged in the profit and loss account.

| Short term employee benefits

| Short term employee benefit costs are recognised in the period in which they accrue.

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Equity settled share based payments

| The Company's parent undertaking has established an Enterprise Management Incentive scheme for the benefit of the Company's employees.The fair value of share options is determined at the date of grant and charged to the profit and loss account over the vesting period. The credit entry is recorded as a capital contribution within equity. The fair value is the directors estimation based upon the Black-Scholes model. The cumulative amount recognized over the vesting period is based on the number of options in the parent undertaking that are expected to eventually vest.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 20 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 May 2024 | 30,457 |  | 3,811 |  | 65,059 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 30 April 2025 | 30,457 |  | 3,811 |  | 65,059 |  |

| DEPRECIATION

| At 1 May 2024 | 24,464 |  | 2,492 |  | 51,466 |  |

| Charge for year | 899 |  | 198 |  | 2,039 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 30 April 2025 | 25,363 |  | 2,690 |  | 53,505 |  |

| NET BOOK VALUE

| At 30 April 2025 | 5,094 |  | 1,121 |  | 11,554 |  |

| At 30 April 2024 | 5,993 |  | 1,319 |  | 13,593 |  |

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 145,225 |  | 57,887 |  | 302,439 |  |

| Additions | 33,874 |  | 9,720 |  | 43,594 |  |

| Disposals | (60,313 | ) | (4,850 | ) | (65,163 | ) |

| At 30 April 2025 | 118,786 |  | 62,757 |  | 280,870 |  |

| DEPRECIATION

| At 1 May 2024 | 87,193 |  | 44,536 |  | 210,151 |  |

| Charge for year | 16,482 |  | 4,547 |  | 24,165 |  |

| Eliminated on disposal | (45,546 | ) | (3,133 | ) | (48,679 | ) |

| At 30 April 2025 | 58,129 |  | 45,950 |  | 185,637 |  |

| NET BOOK VALUE

| At 30 April 2025 | 60,657 |  | 16,807 |  | 95,233 |  |

| At 30 April 2024 | 58,032 |  | 13,351 |  | 92,288 |  |

5. | DEBTORS

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 1,193,614 |  | 1,712,525 |  |

| Amounts owed by group undertakings | 236,725 |  | 1,110,833 |  |

| Amounts recoverable on contract | 125,637 |  | 111,431 |  |

| Other debtors | 13,654 |  | 139,754 |  |

1,569,630 |  | 3,074,543 |  |

| Amounts falling due after more than one year:

| Other debtors | 50,000 |  | 50,000 |  |

| Aggregate amounts | 1,619,630 |  | 3,124,543 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade creditors | 641,098 |  | 1,093,599 |  |

| Taxation and social security | 419,565 |  | 184,657 |  |

| Other creditors | 257,747 |  | 1,165,115 |  |

1,318,410 |  | 2,443,371 |  |

| ELM Building Service Engineers Ltd (Registered number: 04461839) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Darren John Metcalfe F.C.C.A. (Senior Statutory Auditor)

| for and on behalf of Frank W Dobby & Co Limited

8. | RELATED PARTY DISCLOSURES

| As permitted under FRS 102 transactions between group companies which are wholly owned have not been disclosed.

| On 21 September 2023 as part of the management buyout, the company entered into a secured loan agreement with N Munday (director) in respect of a cash loan provided to the company (up to a maximum balance of £750,000). Under the terms of the loan agreement interest accrues at 6%. The amount owed to the director at 30 April 2024 amounted to £436,624 and this has been repaid in full in the current financial year and so the remaining amount due is £nil.

9. | ULTIMATE PARENT UNDERTAKING

| The immediate and ultimate parent undertaking is EBSE Holdings Limited.

10. | SHARE-BASED PAYMENT TRANSACTIONS

| On 24 October 2024 the Company's parent undertaking established an Enterprise Management Incentive scheme, and on that date granted 22,500 options in relation to £1 ordinary shares in the parent undertaking. In accordance with the scheme rules options are exercisable at nominal value of £1, subject to vesting conditions being met. The vesting condition is continued employment. The vesting period is not specifically defined as it is contingent upon a sale of shares or other form of Exit as defined in the scheme rules being agreed. The options will lapse 10 years after the grant.