IRIS Accounts Production v25.3.0.601 15280930 Board of Directors Board of Directors 31.12.24 13.11.23 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true true false true true false false false false true false Fair value model Ordinary 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15280930 2023-11-12 15280930 2024-12-31 15280930 2023-11-13 2024-12-31 15280930 2023-11-12 15280930 ns15:EnglandWales 2023-11-13 2024-12-31 15280930 ns14:PoundSterling 2023-11-13 2024-12-31 15280930 ns10:Director1 2023-11-13 2024-12-31 15280930 ns10:Director2 2023-11-13 2024-12-31 15280930 ns10:Consolidated 2024-12-31 15280930 ns10:ConsolidatedGroupCompanyAccounts 2023-11-13 2024-12-31 15280930 ns10:PrivateLimitedCompanyLtd 2023-11-13 2024-12-31 15280930 ns10:Consolidated ns10:MediumEntities 2023-11-13 2024-12-31 15280930 ns10:Consolidated ns10:Audited 2023-11-13 2024-12-31 15280930 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2023-11-13 2024-12-31 15280930 ns10:Medium-sizedCompaniesRegimeForAccounts 2023-11-13 2024-12-31 15280930 ns10:Consolidated 2023-11-13 2024-12-31 15280930 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2023-11-13 2024-12-31 15280930 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2023-11-13 2024-12-31 15280930 ns10:FullAccounts 2023-11-13 2024-12-31 15280930 ns5:Subsidiary1 2023-11-13 2024-12-31 15280930 1 2023-11-13 2024-12-31 15280930 ns10:OrdinaryShareClass1 2023-11-13 2024-12-31 15280930 ns10:RegisteredOffice 2023-11-13 2024-12-31 15280930 ns5:CurrentFinancialInstruments 2024-12-31 15280930 ns5:Non-currentFinancialInstruments 2024-12-31 15280930 ns5:ShareCapital 2024-12-31 15280930 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 15280930 ns5:ShareCapital 2023-11-13 2024-12-31 15280930 ns5:RetainedEarningsAccumulatedLosses 2023-11-13 2024-12-31 15280930 ns5:NetGoodwill 2023-11-13 2024-12-31 15280930 ns5:LeaseholdImprovements 2023-11-13 2024-12-31 15280930 ns5:PlantMachinery 2023-11-13 2024-12-31 15280930 ns5:FurnitureFittings 2023-11-13 2024-12-31 15280930 ns5:MotorVehicles 2023-11-13 2024-12-31 15280930 ns5:LeaseholdImprovements 2024-12-31 15280930 ns5:AdditionsToInvestments 2024-12-31 15280930 ns5:CostValuation 2024-12-31 15280930 1 ns5:Subsidiary1 2023-11-13 2024-12-31 15280930 ns5:Subsidiary1 2 2023-11-13 2024-12-31 15280930 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 15280930 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 15280930 ns5:DeferredTaxation 2023-11-13 2024-12-31 15280930 ns5:DeferredTaxation 2024-12-31 15280930 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: 15280930 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 13 NOVEMBER 2023 TO 31 DECEMBER 2024 |

| FOR |

| TJC PLANT HOLDINGS LIMITED |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Consolidated Income Statement | 9 |

Consolidated Other Comprehensive Income | 10 |

Consolidated Balance Sheet | 11 |

Company Balance Sheet | 12 |

Consolidated Statement of Changes in Equity | 13 |

Company Statement of Changes in Equity | 14 |

Consolidated Cash Flow Statement | 15 |

Notes to the Consolidated Cash Flow Statement | 16 |

Notes to the Consolidated Financial Statements | 17 |

TJC PLANT HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

| DIRECTORS: | Mr D J White

| Mr R A White

| REGISTERED OFFICE: | 15 High Street

| Brackley

| Northamptonshire

| NN137DH

| BUSINESS ADDRESS: | Unit 2, Hollingdon Depot

| Stewkley Road

| Leighton Buzzard

| LU7 0DF

| REGISTERED NUMBER: | 15280930 (England and Wales)

| AUDITORS: | Blencowes

| Chartered Accountants and Statutory Auditors

| 15 High Street

| Brackley

| Northamptonshire

| NN13 7DH

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

GROUP STRATEGIC REPORT

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

The directors present their strategic report of the company and the group for the period 13 November 2023 to 31 December 2024.

REVIEW OF BUSINESS

The Group turnover £9.7 million in the period to 31 December 2024. The Group is continuing to build up relationships with new customers and suppliers with the aim of expanding in it's market share.

With the Acquisition of TJC Group Limited at the start of May, the next few years are expected to be profitable.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors monitor the group's principal risks and uncertainties through regular management reviews. Key risks include:

Economic and Market Risk

A downturn in construction activity or changes in government infrastructure spending could affect demand. The group mitigates this by diversifying its client base and maintaining a flexible rental model.

Asset Depreciation and Residual Value Risk

As a plant hire group, the value of owned equipment is exposed to market fluctuations. The business manages this through careful asset management and regular fleet replacement cycles.

Health & Safety and Compliance

Operating heavy equipment carries inherent risks. The group has robust training and compliance procedures to reduce risk and maintain health and safety standards.

Interest Rate and Financing Risk

The group utilizes financing for asset acquisition. Rising interest rates may increase costs. Finance terms are regularly reviewed to optimise debt structure.

Credit risk

Credit risk is tightly controlled as machines are not usually released to the customer until paid for and most are financed by an external funder, net of any deposit paid by the customer. Customer credit risk is addressed through a mixture of credit worthiness checks and a proactive approach to cash collection.

Liquidity risk

The group ensures sufficient liquidity is available to meet foreseeable needs through regular cash flow forecasting and negotiation of appropriate financing arrangements.

GOING CONCERN

After reviewing the strong performance reported in financial statements, the available management information to date and considering current and future developments and principal risks and uncertainties. The Directors have a reasonable expectation that the group has adequate resources to continue in operational existence over a period of at least twelve months from the date of approval of these financial statements and have not identified a material uncertainty in this regard. Accordingly, they continue to adopt the going concern basis in preparing these Financial Statements.

ON BEHALF OF THE BOARD:

Mr D J White - Director

13 November 2025

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

REPORT OF THE DIRECTORS

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

The directors present their report with the financial statements of the company and the group for the period 13 November 2023 to 31 December 2024.

INCORPORATION

The group was incorporated on 13 November 2023 and commenced trading on 1 December 2023.

PRINCIPAL ACTIVITY

The principal activity of the group in the period under review was that of the supply and hire of motor vehicle plant, equipment and related services.

DIVIDENDS

Dividends distributed for the period ended 31 December 2024 was £33,300.

DIRECTORS

The directors shown below have held office during the whole of the period from 13 November 2023 to the date of this report.

Mr D J White

Mr R A White

DIRECTORS' QUALIFYING THIRD PARTY INDEMNITY PROVISION

The company has granted an indemnity to one of more of its directors against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of approving the directors report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

REPORT OF THE DIRECTORS

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

AUDITORS

The auditor, Blencowes, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr D J White - Director

13 November 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT HOLDINGS LIMITED

Opinion

We have audited the financial statements of TJC Plant Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the period 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 group 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 group's and the parent 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 Group 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT HOLDINGS LIMITED

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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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 with our responsibilities, outlined below to detect material misstatements in respect of irregularities, including fraud.

Non-compliance with laws and regulations

We consider the risk of non-compliance with laws and regulations relevant to the Group's operations. In particular those relating to health and safety legislation, environmental obligations, employment regulations and trade compliance in the sale and distribution of machinery.

The following are the mechanisms used to detect irregularities:

- |  | Our understanding of the Group and the industry in which it operates; |

- |  | Understand the compliance requirements for the above-mentioned regulations and ensure the Group has adhered to them; |

- |  | Discussion with management and those charged with governance; |

- |  | Obtaining and understanding of the Group's policies and procedures regarding compliance with laws and regulations. |

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TJC PLANT HOLDINGS LIMITED

The Group is also subject to laws and regulations where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigation. The needs to consider the significant laws and regulations to be UK GAAP and conforms to, Companies Act 2006, UK tax legislation and UK employment legislation.

Our procedures in respect of the above included:

- |  | Enquiry with those charged with governance for any instances of non-compliance with laws and regulations; |

- |  | Review of correspondence with tax authorities for any instances of non-compliance with laws and regulations; |

- |  | Review of financial statement disclosures and agreeing to supporting documentation; |

- |  | Review of legal expenditure accounts to understand the nature of expenditure incurred. |

Fraud and money laundering

We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included:

- |  | Enquiry with management and those charged with governance regarding any known or suspected instances of fraud; |

- |  | Obtaining an understanding of the Group's policies and procedures relating to: |

| (a) |  | Detecting and responding to the risks of fraud and |

| (b) |  | Internal controls established to mitigate risks related to fraud. |

- |  | Discussion amongst the engagement team as to how and where fraud might occur in the financial statements; |

- |  | Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | Considering remuneration incentive schemes and performance targets and the related financial statement areas impacted by these. |

Based on our risk assessment, we considered the areas most susceptible to fraud to be management override, revenue recognition relating to plant sales and service contracts, the valuation and existence of inventory and assets held for lease.

Our procedures in respect of the above included:

- |  | Testing a sample of journal entries throughout the year, which met a defined risk criteria, by agreeing to supporting documentation; |

- |  | Assessing significant estimates made by management for bias. Significant estimates include sales return provisions and inventory provisions; |

- |  | Testing a sample of revenue transactions for existence of revenue transactions, considering whether the revenue recognition policies adopted by the Group comply with accounting standards as well as testing a sample of revenue transactions to third party evidence of delivery of goods to the customer; |

- |  | Physical review of stocks and equipment held by the Group to confirm existence. |

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members who were all deemed to have appropriate competence and capabilities and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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

TJC PLANT HOLDINGS 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.

Ashley Painter ACA FCCA MAAT Senior Statutory Auditor

for and on behalf of Blencowe Blencowes

Chartered Accountants and Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

13 November 2025

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

CONSOLIDATED INCOME STATEMENT

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

| Notes | £

| TURNOVER | 9,649,906 |  |

| Cost of sales | 7,770,954 |  |

| GROSS PROFIT | 1,878,952 |  |

| Administrative expenses | 1,245,822 |  |

633,130 |  |

| Other operating income | 15,659 |  |

| OPERATING PROFIT | 5 | 648,789 |  |

| Interest receivable and similar income | 18,431 |  |

667,220 |  |

| Interest payable and similar expenses | 6 | 115,197 |  |

| PROFIT BEFORE TAXATION | 552,023 |  |

| Tax on profit | 7 | 161,711 |  |

| PROFIT FOR THE FINANCIAL PERIOD | 390,312 |  |

| Profit attributable to:

| Owners of the parent | 355,239 |  |

| Non-controlling interests | 35,073 |  |

390,312 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

| Notes | £

| PROFIT FOR THE PERIOD | 390,312 |  |

| OTHER COMPREHENSIVE INCOME | - |  |

| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 390,312 |  |

| Total comprehensive income attributable to:

| Owners of the parent | 355,239 |  |

| Non-controlling interests | 35,073 |  |

390,312 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

CONSOLIDATED BALANCE SHEET

31 DECEMBER 2024

| Notes | £

| FIXED ASSETS

| Intangible assets | 10 | (1,227,545 | ) |

| Tangible assets | 11 | 4,789,326 |  |

| Investments | 12 | - |  |

| Investment property | 13 | - |  |

3,561,781 |  |

| CURRENT ASSETS

| Stocks | 14 | 495,529 |  |

| Debtors | 15 | 886,342 |  |

| Cash at bank | 1,149,622 |  |

2,531,493 |  |

| CREDITORS

| Amounts falling due within one year | 16 | (2,447,870 | ) |

| NET CURRENT ASSETS | 83,623 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 3,645,404 |  |

| CREDITORS

| Amounts falling due after more than one year | 17 | (1,679,949 | ) |

| PROVISIONS FOR LIABILITIES | 20 | (782,992 | ) |

| NET ASSETS | 1,182,463 |  |

| CAPITAL AND RESERVES

| Called up share capital | 21 | 200 |  |

| Retained earnings | 321,939 |  |

| SHAREHOLDERS' FUNDS | 322,139 |  |

| NON-CONTROLLING INTERESTS | 860,324 |  |

| TOTAL EQUITY | 1,182,463 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

Mr D J White - Director

Mr R A White - Director

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

COMPANY BALANCE SHEET

31 DECEMBER 2024

| Notes | £

| FIXED ASSETS

| Intangible assets | 10 | - |  |

| Tangible assets | 11 | 17,563 |  |

| Investments | 12 | 1,057,170 |  |

| Investment property | 13 | 1,091,027 |  |

2,165,760 |  |

| CURRENT ASSETS

| Debtors | 15 | 20,015 |  |

| Cash at bank | 17,266 |  |

37,281 |  |

| CREDITORS

| Amounts falling due within one year | 16 | (1,603,891 | ) |

| NET CURRENT LIABILITIES | (1,566,610 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 599,150 |  |

| CREDITORS

| Amounts falling due after more than one year | 17 | (574,612 | ) |

| PROVISIONS FOR LIABILITIES | 20 | (1,725 | ) |

| NET ASSETS | 22,813 |  |

| CAPITAL AND RESERVES

| Called up share capital | 21 | 200 |  |

| Retained earnings | 22,613 |  |

| SHAREHOLDERS' FUNDS | 22,813 |  |

| Company's profit for the financial year | 55,913 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

Mr D J White - Director

Mr R A White - Director

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

Called up |  |

share | Retained | Non-controlling | Total |

capital | earnings | Total | interests | equity |

| £ | £ | £ | £ | £

Changes in equity

Issue of share capital | 200 |  | - |  | 200 |  | - |  | 200 |  |

Dividends | - |  | (33,300 | ) | (33,300 | ) | (21,375 | ) | (54,675 | ) |

Total comprehensive income | - |  | 355,239 |  | 355,239 |  | 35,073 |  | 390,312 |  |

200 |  | 321,939 |  | 322,139 |  | 13,698 |  | 335,837 |  |

Non-controlling interest arising on business combination | - |  | - |  | - |  | 846,626 |  | 846,626 |  |

Balance at 31 December 2024 | 200 |  | 321,939 |  | 322,139 |  | 860,324 |  | 1,182,463 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Changes in equity

Issue of share capital | 200 |  | - |  | 200 |  |

Dividends | - |  | (33,300 | ) | (33,300 | ) |

Total comprehensive income | - |  | 55,913 |  | 55,913 |  |

Balance at 31 December 2024 | 200 |  | 22,613 |  | 22,813 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

| Notes | £

| Cash flows from operating activities

| Cash generated from operations | 1 | 1,329,481 |  |

| Interest paid | (39,819 | ) |

| Interest element of hire purchase payments paid | (75,378 | ) |

| Tax paid | (35,447 | ) |

| Net cash from operating activities | 1,178,837 |  |

| Cash flows from investing activities

| Purchase of tangible fixed assets | (1,514,603 | ) |

| Sale of tangible fixed assets | 440,817 |  |

| Purchase of subsidiaries | 279,042 |  |

| Interest received | 18,431 |  |

| Net cash from investing activities | (776,313 | ) |

| Cash flows from financing activities

| New loans in year | 630,000 |  |

| Loan repayments in year | (14,083 | ) |

| Capital repayments in year | (822,045 | ) |

| Amount introduced by directors | 1,007,701 |  |

| Share issue | 200 |  |

| Equity dividends paid | (33,300 | ) |

| Dividends paid to minority interests | (21,375 | ) |

| Net cash from financing activities | 747,098 |  |

| Increase in cash and cash equivalents | 1,149,622 |  |

| Cash and cash equivalents at beginning of period | 2 | - |  |

| Cash and cash equivalents at end of period | 2 | 1,149,622 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

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

| £

| Profit before taxation | 552,023 |  |

| Depreciation charges | 698,272 |  |

| Profit on disposal of fixed assets | (7,332 | ) |

| Amortisation charges | (245,961 | ) |

| Warranty provision | 133,570 |  |

| Finance costs | 115,197 |  |

| Finance income | (18,431 | ) |

1,227,338 |  |

| Decrease in stocks | 110,395 |  |

| Decrease in trade and other debtors | 626,578 |  |

| Decrease in trade and other creditors | (634,830 | ) |

| Cash generated from operations | 1,329,481 |  |

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:

| Period ended 31 December 2024

| 31.12.24 |  | 13.11.23

| £ | £

| Cash and cash equivalents | 1,149,622 |  | - |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 13.11.23 | Cash flow | Acquired | changes | At 31.12.24

| £ | £ | £ | £ | £

| Net cash |

| Cash at bank | - |  | (186,590 | ) | 1,336,212 |  | 1,149,622 |  |

- |  | (186,590 | ) | 1,336,212 |  | 1,149,622 |  |

| Debt

| Finance leases | - |  | 822,045 |  | (1,971,414 | ) | (746,553 | ) | (1,895,922 | ) |

| Debts falling due

| within 1 year | - |  | (41,305 | ) | - |  | - |  | (41,305 | ) |

| Debts falling due

| after 1 year | - |  | (574,612 | ) | - |  | - |  | (574,612 | ) |

- |  | 206,128 |  | (1,971,414 | ) | (746,553 | ) | (2,511,839 | ) |

| Total | - |  | 19,538 |  | (635,202 | ) | (746,553 | ) | (1,362,217 | ) |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| TJC Plant Holdings 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 General 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 have been prepared under the historical cost convention.

| Basis of consolidation

| The consolidated financial statements incorporate the accounts of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group accounts by virtue of section 408 of the Companies Act 2006.

| Subsidiaries

| A subsidiary is an entity in which the group and company have power to control the financial and operating policies so as to obtain benefits from its activities. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group has such power over the other entity.

| An investment in a subsidiary, which is eliminated on consolidation, is stated in the company's separate financial statements at cost less impairment losses if any.

| Turnover

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

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Business combinations and goodwill

| Business combinations are accounted for by applying the purchase method. The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination.

| On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Goodwill recognised represents the excess of the fair value and directly attributable costs of the purchase consideration over the fair values to the group’s interest in the identifiable net assets, liabilities and contingent liabilities acquired.

| Where the cost of the business combination is exceeded by the fair value of the group's interest in the assets, liabilities and contingent liabilities acquired, negative goodwill arises and is recognised on the balance sheet and releases this to profit and loss, up to the fair value of non-monetary assets acquired, over the periods in which the non-monetary assets are recovered and any excess over the fair value of non-monetary assets in the income statement over the period expected to benefit.

| Tangible fixed assets

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

| Property improvements | - | 10% on cost and not provided

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | at varying rates on cost

| Motor vehicles | - | 25% on cost

| Land is not depreciated.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| Financial instruments

| The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its associated liabilities.

| Basic financial assets and liabilities, including trade and other debtors, trade and other creditors, bank loans and hire purchase agreement are recognised at amortised cost.

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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.

| Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over the estimated useful life.

| The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

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

| Going concern

| The Directors model a number of scenarios, including a reasonable worst-case, to ensure that the group maintains adequate headroom against its working capital requirements and financial commitments. This reasonable worst-case scenario has been modelled without mitigating actions and, despite this, the group is forecast to maintain headroom against its working capital requirements and financial covenants within the assessment period.

| After reviewing the financial statements and the cashflow model, considering current and future devolvement and principal risks and uncertainties and making appropriate enquiries, the Directors have a reasonable expectation that the group has adequate resources to continue in operational existence over a period of at least twelve months from the date of approval of these financial statements and have not identified a material uncertainty in this regard. Accordingly, they continue to adopt the going concern basis in preparing these Financial Statements.

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

| Critical judgments

| Lease commitments

| The group determines whether leases entered into by the group either as a lessor or a lessee are operating or lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| Depreciation rates

| Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and Maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| Sources of estimation uncertainty

| Impairment of fixed assets

| The group determines whether there are indicators of impairment of tangible and intangible assets. Factors taken consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

| Valuation of stock provision

| The group determines whether there are conditions that exist at the balance sheet date that indicates that the net realisable value of individual stock lines are less than the carrying value. Such indicators include post year end sales, auction prices, and market demand.

4. | EMPLOYEES AND DIRECTORS

| £

| Wages and salaries | 376,343 |  |

| Social security costs | 33,969 |  |

| Other pension costs | 47,714 |  |

458,026 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

4. | EMPLOYEES AND DIRECTORS - continued

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

| Management | 2 |  |

| Other employees | 15 |  |

17 |  |

| Company

| The company had no employees during the period.

| £

| Directors' remuneration | 15,682 |  |

| Directors' pension contributions to money purchase schemes | 44,000 |  |

5. | OPERATING PROFIT

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

| £

| Other operating leases | 23,155 |  |

| Depreciation - owned assets | 698,272 |  |

| Profit on disposal of fixed assets | (15,517 | ) |

| Goodwill amortisation | (245,961 | ) |

| Auditor's remuneration | 11,000 |  |

| Foreign exchange differences | 8,223 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| £

| Bank loan interest | 30,639 |  |

| Other interest | 9,180 |  |

| Hire purchase | 75,378 |  |

115,197 |  |

7. | TAXATION

| Analysis of the tax charge

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

| £

| Current tax:

| UK corporation tax | 45,346 |  |

| Deferred tax | 116,365 |  |

| Tax on profit | 161,711 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| £

| Profit before tax | 552,023 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % | 138,006 |  |

| Effects of:

| Income not taxable for tax purposes | (61,490 | ) |

| Depreciation in excess of capital allowances | 85,195 |  |

| Total tax charge | 161,711 |  |

8. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

9. | DIVIDENDS

| £

| Ordinary shares of £1 each

| Final | 33,300 |  |

10. | INTANGIBLE FIXED ASSETS

| Group

Goodwill |

| £

| COST

| Additions | (1,473,506 | ) |

| At 31 December 2024 | (1,473,506 | ) |

| AMORTISATION

| Amortisation for period | (245,961 | ) |

| At 31 December 2024 | (245,961 | ) |

| NET BOOK VALUE

| At 31 December 2024 | (1,227,545 | ) |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

11. | TANGIBLE FIXED ASSETS

| Group

Freehold | Property | Plant and |

property | improvements | machinery |

| £ | £ | £

| COST

| Additions | 784,646 |  | 327,489 |  | 4,471,147 |  |

| Disposals | - |  | - |  | (483,419 | ) |

| Reclassification | 306,381 |  | (306,381 | ) | - |  |

| At 31 December 2024 | 1,091,027 |  | 21,108 |  | 3,987,728 |  |

| DEPRECIATION

| Charge for period | - |  | 59 |  | 615,090 |  |

| Eliminated on disposal | - |  | - |  | (50,275 | ) |

| At 31 December 2024 | - |  | 59 |  | 564,815 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,091,027 |  | 21,049 |  | 3,422,913 |  |

Fixtures |

and | Motor |

fittings | vehicles | Totals |

| £ | £ | £

| COST

| Additions | 16,823 |  | 320,800 |  | 5,920,905 |  |

| Disposals | (248 | ) | (626 | ) | (484,293 | ) |

| Reclassification | - |  | - |  | - |  |

| At 31 December 2024 | 16,575 |  | 320,174 |  | 5,436,612 |  |

| DEPRECIATION

| Charge for period | 2,392 |  | 80,731 |  | 698,272 |  |

| Eliminated on disposal | (85 | ) | (626 | ) | (50,986 | ) |

| At 31 December 2024 | 2,307 |  | 80,105 |  | 647,286 |  |

| NET BOOK VALUE

| At 31 December 2024 | 14,268 |  | 240,069 |  | 4,789,326 |  |

| Included in cost of land and buildings is freehold land of £286,651 which is not depreciated.

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

11. | TANGIBLE FIXED ASSETS - continued

| Company

Property |

improvements |

| £

| COST

| Additions | 17,563 |  |

| At 31 December 2024 | 17,563 |  |

| NET BOOK VALUE

| At 31 December 2024 | 17,563 |  |

12. | FIXED ASSET INVESTMENTS

| Company

Shares in |

group |

undertakings |

| £

| COST

| Additions | 1,057,170 |  |

| At 31 December 2024 | 1,057,170 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,057,170 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| TJC Plant Group Limited

| Registered office: 15 High Street, Brackley, Northamptonshire, NN13 7DH

| Nature of business:

% |

| Class of shares: | holding |

| A Ordinary | 37.50 |

| B Ordinary | 100.00 |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

13. | INVESTMENT PROPERTY

| Company

| Total |  |

| £ |  |

| FAIR VALUE |  |

| Additions |  | 1,091,027 |  |

| At 31 December 2024 |  | 1,091,027 |  |

| NET BOOK VALUE |  |

| At 31 December 2024 |  | 1,091,027 |  |

14. | STOCKS

| Group |

| £

| Stocks | 495,529 |  |

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

| Group |  | Company |

| £ | £

| Trade debtors | 810,020 |  | - |  |

| Other debtors | 19,931 |  | 16,863 |  |

| VAT | - |  | 2,185 |  |

| Prepayments | 56,391 |  | 967 |  |

886,342 |  | 20,015 |  |

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

| Group |  | Company |

| £ | £

| Bank loans and overdrafts (see note 18) | 41,305 |  | 41,305 |  |

| Hire purchase contracts (see note 19) | 790,585 |  | - |  |

| Trade creditors | 221,565 |  | - |  |

| Amounts owed to group undertakings | - |  | 611,809 |  |

| Tax | 157,148 |  | 3,011 |  |

| Social security and other taxes | 15,882 |  | - |  |

| VAT | 97,111 |  | - |  |

| Other creditors | 8,660 |  | - |  |

| Directors' current accounts | 941,858 |  | 939,916 |  |

| Accrued expenses | 173,756 |  | 7,850 |  |

2,447,870 |  | 1,603,891 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

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

| Group |  | Company |

| £ | £

| Bank loans (see note 18) | 574,612 |  | 574,612 |  |

| Hire purchase contracts (see note 19) | 1,105,337 |  | - |  |

1,679,949 |  | 574,612 |  |

18. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

| £ | £

| Amounts falling due within one year or | on demand: |

| Bank loans | 41,305 |  | 41,305 |  |

| Amounts falling due between two and | five years: |

| Bank loans - 2-5 years | 165,219 |  | 165,219 |  |

| Amounts falling due in more than five | years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 409,393 |  | 409,393 |  |

| The bank loan is secured with a fixed and floating charge over all assets of the company, along with a mortgage over the freehold of Unit 2 and Unit 4a Hollingdon Depot, Stewkley Road, Leighton Buzzard.

19. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

Hire |

purchase |

contracts |

| £

| Net obligations repayable:

| Within one year | 790,585 |  |

| Between one and five years | 1,105,337 |  |

1,895,922 |  |

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

20. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

| £ | £

| Deferred tax | 649,422 |  | 1,725 |  |

| Other provisions | 133,570 |  | - |  |

| Aggregate amounts | 782,992 |  | 1,725 |  |

| Group

Deferred | Other |

tax | provisions |

| £ | £

| Provided during period | 649,422 |  | 133,570 |  |

| Balance at 31 December 2024 | 649,422 |  | 133,570 |  |

| Company

Deferred tax |

| £

| Provided during period | 1,725 |  |

| Balance at 31 December 2024 | 1,725 |  |

| Warranty provision

| The warranty provision relates to all units sold and is based on actual warranty claims submitted. The warranty provision expected to reverse next year is £133,570.

| Deferred tax

| The deferred tax liability expected to reverse next year is £150,000 relating to the reversal of existing timing differences on capital allowances.

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal |

value: |  | £

| 200 | Ordinary | £1 | 200 |  |

| Ordinary shares entitle the holder to one vote per share, to receive dividends and to a share of any capital distribution.

TJC PLANT HOLDINGS LIMITED (REGISTERED NUMBER: 15280930)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 13 NOVEMBER 2023 TO 31 DECEMBER 2024

22. | BUSINESS COMBINATION

| Group

| On 1 May 2024, the group acquired control of TJC Plant Group Limited through the purchase of 75% of the share capital for the total consideration of £1,057,170.

| Negative goodwill of £1,473,506 has arisen on the acquisition. In accordance with Section 19 'Business combinations and Good will', negative goodwill is released to the profit and loss account over the period in which the non-mone tary assets acquired are recovered.

| The following table summarises the consideration paid by the group, the fair value of the assets acquired and liabilities assumed at the acquisition date.

| £ |  |

| Consideration |  |

| Cash |  |  | 1,051,910 |  |

| Deferred consideration |  |  | - |  |

| Directly attributable costs |  |  | 5,260 |  |

| Total consideration |  |  | 1,057,170 |  |

| For cash flow disclosure purposes |  |

| Cash consideration |  |  | 1,051,910 |  |

| Directly attributable costs |  |  | 5,260 |  |

|  | 1,057,170 |  |

| Less: Cash acquired |  |  | (1,336,212 | ) |

| Net cash outflow / (inflow) |  |  | (279,042 | ) |

| Recognised amounts of identifiable assets acquired and liabilities assumed: |  |  |

|  | Book value |  | Adjustments |  | Fair value |  |

| Property, plant and equipment |  | 3,646,623 |  | 13,304 |  | 3,659,927 |  |

| Stock |  | 605,924 |  | - |  | 605,924 |  |

| Trade and other receivables |  | 1,395,910 |  | - |  | 1,395,910 |  |

| Cash |  | 1,336,212 |  | - |  | 1,336,212 |  |

| Trade and other payables |  | (3,090,681 | ) | - |  | (3,090,681 | ) |

| Deferred tax liability |  | (533,058 | ) | - |  | (533,058 | ) |

| Total identifiable net assets |  | 3,360,930 |  | 13,304 |  | 3,374,234 |  |

| Non-controlling interest |  |  | (843,558 | ) |

| Goodwill |  |  | (1,473,506 | ) |

| Total |  |  | 1,057,170 |  |

| The adjustment on acquisition were in respect of uplifting the property improvement to the directors valuation on acquisition.