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REGISTERED NUMBER: NI031358 (Northern Ireland)

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| PETER O'HARE LIMITED |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 3 |  | to |  | 4

Report of the Independent Auditors | 5 |  | to |  | 8

Income Statement | 9 |

Balance Sheet | 10 |

Statement of Changes in Equity | 11 |

Cash Flow Statement | 12 |

Notes to the Cash Flow Statement | 13 |

Notes to the Financial Statements | 14 |  | to |  | 19

PETER O'HARE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | P P J O'Hare

| Mrs K M O'Hare

| SECRETARY: | Mrs K M O'Hare

| REGISTERED OFFICE: | 9 Ryan Road

| Mayobridge

| Newry

| Co. Down

| BT34 2HZ

| REGISTERED NUMBER: | NI031358 (Northern Ireland)

| AUDITORS: | Baker Tilly Mooney Moore

| Statutory Auditors

| 17 Clarendon Road

| Belfast

| BT1 3BG

| BANKERS: | Danske Bank

| 58 Hill Street

| Newry

| BT34 1BD

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

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 Directors aim to present in this report a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end.

The Directors are pleased with the performance of the company during the year. The company has performed well during the year showing a profit before tax of £2,406,664 (2024: £1,532,937).

PRINCIPAL RISKS AND UNCERTAINTIES

The company is exposed to general business risks in their sector which include materials price risk and credit risk. Liquidity risk is managed through the careful management of cash reserves. The company is not exposed to material Foreign exchange risk as the vast majority of its purchases are denominated in Sterling.

FUTURE DEVELOPMENT

The directors are committed to long term creation of shareholder value by increasing market share through economic growth.

ON BEHALF OF THE BOARD:

Mrs K M O'Hare - Director

6 November 2025

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

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 activity of the company in the year under review was that of the provision of building renovation and construction services.

DIVIDENDS

Dividends paid during the year were £80,000 (FY24: £80,000)

DIRECTORS

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

P P J O'Hare

Mrs K M O'Hare

DONATIONS AND EXPENDITURE

Charitable Donations of £25,400 (2024: £28,825) were made by the company during the current year.

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.

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

AUDITORS

The auditors, Baker Tilly Mooney Moore, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs K M O'Hare - Director

6 November 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

PETER O'HARE LIMITED

Opinion

We have audited the financial statements of Peter O'Hare 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, Cash Flow Statement and Notes to the Cash Flow Statement, 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

PETER O'HARE 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 three, 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

PETER O'HARE 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the

greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also

required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and

disclosures in the financial statements. The key laws and regulations we considered in this context included the UK

Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial

statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material

penalty.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with

provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and external legal counsel concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks ofmaterial misstatement due to fraud;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement teammembers and remained alert to any indications of fraud or noncompliance with laws and regulations throughout theaudit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those

leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

PETER O'HARE 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.

Eimear Brown (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

7 November 2025

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

TURNOVER | 18,863,877 |  | 17,261,566 |  |

Cost of sales | 16,186,898 |  | 15,426,010 |  |

GROSS PROFIT | 2,676,979 |  | 1,835,556 |  |

Administrative expenses | 560,698 |  | 542,490 |  |

2,116,281 |  | 1,293,066 |  |

Other operating income | 12,427 |  | 9,737 |  |

OPERATING PROFIT | 4 | 2,128,708 |  | 1,302,803 |  |

Interest receivable and similar income | 277,956 |  | 230,134 |  |

PROFIT BEFORE TAXATION | 2,406,664 |  | 1,532,937 |  |

Tax on profit | 5 | 611,017 |  | 384,036 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,795,647 |  | 1,148,901 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 7 | - |  | - |  |

Tangible assets | 8 | 513,335 |  | 540,377 |  |

513,335 |  | 540,377 |  |

CURRENT ASSETS

Stocks | 9 | 3,276,977 |  | 2,872,198 |  |

Debtors | 10 | 3,126,727 |  | 2,380,413 |  |

Cash at bank | 10,652,840 |  | 10,182,754 |  |

17,056,544 |  | 15,435,365 |  |

CREDITORS

Amounts falling due within one year | 11 | 2,388,705 |  | 2,504,087 |  |

NET CURRENT ASSETS | 14,667,839 |  | 12,931,278 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,181,174 |  | 13,471,655 |  |

PROVISIONS FOR LIABILITIES | 12 | 102,087 |  | 108,215 |  |

NET ASSETS | 15,079,087 |  | 13,363,440 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 5,000 |  | 5,000 |  |

Retained earnings | 14 | 15,074,087 |  | 13,358,440 |  |

SHAREHOLDERS' FUNDS | 15,079,087 |  | 13,363,440 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

Mrs K M O'Hare - Director

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

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 | 5,000 |  | 12,289,539 |  | 12,294,539 |  |

Changes in equity

Dividends | - |  | (80,000 | ) | (80,000 | ) |

Total comprehensive income | - |  | 1,148,901 |  | 1,148,901 |  |

Balance at 31 March 2024 | 5,000 |  | 13,358,440 |  | 13,363,440 |  |

Changes in equity

Dividends | - |  | (80,000 | ) | (80,000 | ) |

Total comprehensive income | - |  | 1,795,647 |  | 1,795,647 |  |

Balance at 31 March 2025 | 5,000 |  | 15,074,087 |  | 15,079,087 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 707,314 |  | 2,362,051 |  |

Tax paid | (377,344 | ) | (261,213 | ) |

Net cash from operating activities | 329,970 |  | 2,100,838 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (57,840 | ) | (163,625 | ) |

Sale of tangible fixed assets | - |  | 17,049 |  |

Interest received | 277,956 |  | 230,134 |  |

Net cash from investing activities | 220,116 |  | 83,558 |  |

Cash flows from financing activities

Amount introduced by directors | 83,500 |  | - |  |

Amount withdrawn by directors | (83,500 | ) | - |  |

Equity dividends paid | (80,000 | ) | (80,000 | ) |

Net cash from financing activities | (80,000 | ) | (80,000 | ) |

Increase in cash and cash equivalents | 470,086 |  | 2,104,396 |  |

Cash and cash equivalents at beginning of year | 2 | 10,182,754 |  | 8,078,358 |  |

Cash and cash equivalents at end of year | 2 | 10,652,840 |  | 10,182,754 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Profit before taxation | 2,406,664 |  | 1,532,937 |  |

| Depreciation charges | 84,881 |  | 95,130 |  |

| Loss on disposal of fixed assets | - |  | 629 |  |

| Finance income | (277,956 | ) | (230,134 | ) |

2,213,589 |  | 1,398,562 |  |

| (Increase)/decrease in stocks | (404,779 | ) | 1,441,028 |  |

| Increase in trade and other debtors | (746,313 | ) | (1,040,443 | ) |

| (Decrease)/increase in trade and other creditors | (355,183 | ) | 562,904 |  |

| Cash generated from operations | 707,314 |  | 2,362,051 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 10,652,840 |  | 10,182,754 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 10,182,754 |  | 8,078,358 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 10,182,754 |  | 470,086 |  | 10,652,840 |  |

10,182,754 |  | 470,086 |  | 10,652,840 |  |

| Total | 10,182,754 |  | 470,086 |  | 10,652,840 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Peter O'Hare Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company 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.

| Significant judgements and estimates

| In preparing these financial statements the directors have made the following judgements:

| Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

| The directors have also considered the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

| Turnover

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

| 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.

| Tangible fixed assets

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

| Freehold property | - | not provided

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

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Impairment of fixed assets

| Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. Fixed assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

| 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.

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| - Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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.

| - Basic financial liabilities

| Basic financial liabilities, including creditors and bank loans and overdrafts, 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. Financial liabilities classified as payable within one year are not amortised.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Wages and salaries | 810,213 |  | 857,921 |  |

| Social security costs | 78,930 |  | 78,131 |  |

| Other pension costs | 15,580 |  | 16,215 |  |

904,723 |  | 952,267 |  |

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

| 31.3.25 |  | 31.3.24

| Employees | 26 |  | 31 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS - continued

| 31.3.25 |  | 31.3.24

£ | £ |

| Directors' remuneration | 18,720 |  | 19,080 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging:

|  | 31.3.25 |  |  | 31.3.24 |  |

| £ |  |  | £ |  |

| Depreciation - owned assets |  |  | 85,985 |  |  | 95,130 |  |

| Loss on disposal of fixed assets |  |  | - |  |  | 629 |  |

| Auditors' remuneration |  |  | 10,000 |  |  | 10,000 |  |

5. | 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 | 617,145 |  | 371,195 |  |

| Deferred tax | (6,128 | ) | 12,841 |  |

| Tax on profit | 611,017 |  | 384,036 |  |

| 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 | 2,406,664 |  | 1,532,937 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 601,666 |  | 383,234 |  |

| Effects of:

| Expenses not deductible for tax purposes | 15,302 |  | 12,178 |  |

| Capital allowances in excess of depreciation | - |  | (17,260 | ) |

| Depreciation in excess of capital allowances | 6,632 |  | - |  |

| Deferred tax | (6,129 | ) | 12,841 |  |

| Charges paid | (6,454 | ) | (6,957 | ) |

| Total tax charge | 611,017 |  | 384,036 |  |

6. | DIVIDENDS

| Dividends of £80,000 (FY24: £80,000) were paid during the year ended 31 March 2025.

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 300,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 300,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

8. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

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

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 98,961 |  | 760,516 |  | 326,778 |  | 3,953 |  | 1,190,208 |  |

| Additions | - |  | - |  | 57,840 |  | - |  | 57,840 |  |

| At 31 March 2025 | 98,961 |  | 760,516 |  | 384,618 |  | 3,953 |  | 1,248,048 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 449,984 |  | 196,274 |  | 3,573 |  | 649,831 |  |

| Charge for year | - |  | 64,592 |  | 20,233 |  | 57 |  | 84,882 |  |

| At 31 March 2025 | - |  | 514,576 |  | 216,507 |  | 3,630 |  | 734,713 |  |

| NET BOOK VALUE

| At 31 March 2025 | 98,961 |  | 245,940 |  | 168,111 |  | 323 |  | 513,335 |  |

| At 31 March 2024 | 98,961 |  | 310,532 |  | 130,504 |  | 380 |  | 540,377 |  |

9. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Work-in-progress | 3,276,977 |  | 2,872,198 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts recoverable on contract | 1,500,249 |  | 1,532,650 |  |

| Other debtors | 1,558,170 |  | 743,770 |  |

| Prepayments | 68,308 |  | 103,993 |  |

3,126,727 |  | 2,380,413 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 1,352,518 |  | 1,525,919 |  |

| Tax | 440,374 |  | 200,573 |  |

| Social security and other taxes | 83,855 |  | 53,870 |  |

| VAT | 276,694 |  | 354,895 |  |

| Accrued expenses | 235,264 |  | 368,830 |  |

2,388,705 |  | 2,504,087 |  |

12. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 102,087 |  | 108,215 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 108,215 |  |

| Provided during year | (6,128 | ) |

| Balance at 31 March 2025 | 102,087 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |

14. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 13,358,440 |  |

| Profit for the year | 1,795,647 |  |

| Dividends | (80,000 | ) |

| At 31 March 2025 | 15,074,087 |  |

PETER O'HARE LIMITED (REGISTERED NUMBER: NI031358)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

15. | RELATED PARTY DISCLOSURES

| During the year the company advanced £904,700 (2024: £243,512) and made sales of £350,000 to O'Hare Properties Limited, a company with common directors. The amount due from O'Hare Properties Limited at the year end was £1,678,770 (2024: £424,070) and is included within other debtors and trade debtors. The amount is unsecured, interest free and repayable on demand.

| During the year the company advanced £25,000 (2024: £41,000) and received £20,000 (2024: £Nil) from SARC Contracts Limited, a company with common directors. The amount due from SARC Contracts Limited at the year end was £46,000 (2024: £41,000) and is included within other debtors. The amount is unsecured, interest free and repayable on demand.