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REGISTERED NUMBER: 10625120 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DRECO RESOURCE MANAGEMENT LIMITED

DRECO RESOURCE MANAGEMENT LIMITED (REGISTERED NUMBER: 10625120)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

DRECO RESOURCE MANAGEMENT LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | M R Kent F.C.A., C.T.A.

| F Nock F.C.C.A.

| R B Heath

| A R Davies F.C.C.A

| P Morjaria F.C.C.A

| A J Powis B.Sc, F.C.A., C.T.A.

| REGISTERED OFFICE: | Kingsland House

| 39 Abbey Foregate

| Shrewsbury

| Shropshire

| SY2 6BL

| REGISTERED NUMBER: | 10625120 (England and Wales)

| ACCOUNTANTS: | D.R.E. & Co. Limited

| Chartered Accountants

| 7 Lower Brook Street

| Oswestry

| Shropshire

| SY11 2HG

DRECO RESOURCE MANAGEMENT LIMITED (REGISTERED NUMBER: 10625120)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 2,569 |  | 72,976 |  |

Cash at bank | 4,365 |  | 5,606 |  |

6,934 |  | 78,582 |  |

CREDITORS

Amounts falling due within one year | 6 | 5,732 |  | 3,234 |  |

NET CURRENT ASSETS | 1,202 |  | 75,348 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,202 |  | 75,348 |  |

CAPITAL AND RESERVES

Called up share capital | 1,200 |  | 1,200 |  |

Retained earnings | 2 |  | 74,148 |  |

1,202 |  | 75,348 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 30 October 2025 and were signed on its behalf by:

F Nock F.C.C.A. - Director

DRECO RESOURCE MANAGEMENT LIMITED (REGISTERED NUMBER: 10625120)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| DRECO Resource Management 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared under the going concern basis on the expectation that the company shall continue to trade for the foreseeable future.

| The financial statements are presented in Sterling (£) rounded to the nearest £1.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

| Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

| Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| 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.

DRECO RESOURCE MANAGEMENT LIMITED (REGISTERED NUMBER: 10625120)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

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

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed by associates | 2,569 |  | 72,976 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 3,532 |  | 903 |  |

| Taxation and social security | 2,200 |  | 2,331 |  |

5,732 |  | 3,234 |  |

7. | SECURED DEBTS

| There is a Cross Guarantee and Debenture between DRE & Co Ltd, DRE & Co (Audit) Ltd, DRECO Resource Management Ltd and Kingsland Group Ltd.

8. | RELATED PARTY DISCLOSURES

| Directors of the company hold interests in other entities. During the year overheads were recharged of £32,408 (2024: £39,146), dividends payable totalled £74,148 (2024: £nil) , with a balance due as at 31 March 2025 of £2,569 (2024: £72,976).

| Balances outstanding have no fixed repayment terms and are repayable on demand.

9. | ULTIMATE CONTROLLING PARTY

| No individual has a controlling interest in the company.