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REGISTERED NUMBER: 01604788 (England and Wales)

| Unaudited Financial Statements |

| for the Period |

| 1 April 2025 to 30 September 2025 |

| for |

| Business South Group Limited |

Business South Group Limited (Registered number: 01604788)

Contents of the Financial Statements

for the Period 1 April 2025 to 30 September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Certified Accountants' Report | 9 |

Business South Group Limited

Company Information

for the Period 1 April 2025 to 30 September 2025

| DIRECTORS: | L S Timberlake

| A Barnes

| C J Ford

| T Hancock

| Z Huggins

| P Bradly

| L Lavis

| M J Gaston

| SECRETARY: | N G Hunt

| REGISTERED OFFICE: | 343 Millbrook Road West

| Southampton

| Hampshire

| SO15 0HW

| REGISTERED NUMBER: | 01604788 (England and Wales)

| ACCOUNTANTS: | PKB Accountants Limited

| Chartered Certified Accountants

| Beechey House

| 87 Church Street

| Crowthorne

| Berkshire

| RG45 7AW

Business South Group Limited (Registered number: 01604788)

Balance Sheet

30 September 2025

| 30.9.25 |  | 31.3.25

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | - |  | 117,471 |  |

Cash at bank | 8,701 |  | 33,559 |  |

8,701 |  | 151,030 |  |

CREDITORS

Amounts falling due within one year | 5 | 604 |  | 6,873 |  |

NET CURRENT ASSETS | 8,097 |  | 144,157 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,097 |  | 144,157 |  |

RESERVES

Income and expenditure account | 8,097 |  | 144,157 |  |

8,097 |  | 144,157 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 surplus or deficit 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.

Business South Group Limited (Registered number: 01604788)

Balance Sheet - continued

30 September 2025

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 the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by:

L S Timberlake - Director

Business South Group Limited (Registered number: 01604788)

Notes to the Financial Statements

for the Period 1 April 2025 to 30 September 2025

1. | STATUTORY INFORMATION

| Business South Group Limited is a private company, limited by guarantee , registered in England and Wales. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The following principal accounting policies have been applied:

| Going Concern

| The company is not a going concern. The directors have made adjustments for any balances that needed to be reflected in the financial statements on this basis.

| Turnover

| Turnover represents grants, sponsorship, and donations received together with net invoiced sales of services excluding VAT. Where a service contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.

| Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives on the following basis:

| Fixtures and fittings |  | - 4 years straight line |  |

| Computer Equipment |  | - 3 years straight line |  |

Business South Group Limited (Registered number: 01604788)

Notes to the Financial Statements - continued

for the Period 1 April 2025 to 30 September 2025

2. | ACCOUNTING POLICIES - continued

| At each balance sheet date, the Company reviews the carrying amounts of its Tangible Fixed Assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

| Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined ( net of depreciation ) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income

| Taxation

| The tax expense for the year comprises current tax. Tax is recognised in the Income statement, except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

| Retirement benefits

| The obligations for contributions to the defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| Debtors

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

| Cash and Cash Equivalents

| Cash is represented by cash equivalents and cash in hand with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months form the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value..

| Creditors

| Short term creditors are measured at transaction price.Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Business South Group Limited (Registered number: 01604788)

Notes to the Financial Statements - continued

for the Period 1 April 2025 to 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

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

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

| Receivables

| Trade debtors with no stated interest rate and receivable within one year are recorded at a transaction price. Any losses arising from impairment are recognised in the income statement in any other administrative expenses.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income statement.

| Derecognition of financial assets

| Financial assets are decrocognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Financial liabilities

| Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies are that are classified as debt, 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.

| Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. if not, they are presented as non-current liabilities. Trade payables with no stated interest rate or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

Business South Group Limited (Registered number: 01604788)

Notes to the Financial Statements - continued

for the Period 1 April 2025 to 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Interest income

| Interest income is recognised in the Income Statement using the effective interest method.

| Judgements in applying accounting policies and key sources of estimation uncertainty

| In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised 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 period.

| (a) Critical accounting estimates and assumptions

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

| (i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates based on physical condition and economic utilisation of the assets. See note 6 for the carrying amount of the assets and the accounting policies note Tangible Fixed Assets for the useful economic lives of each class of asset.

| (ii) Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 7 for the net carrying amount of the debtors.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL (2025 - 2 ).

Business South Group Limited (Registered number: 01604788)

Notes to the Financial Statements - continued

for the Period 1 April 2025 to 30 September 2025

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

| 30.9.25 |  | 31.3.25

£ | £ |

| Amounts owed by group undertakings | - |  | 117,471 |  |

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

| 30.9.25 |  | 31.3.25

£ | £ |

| Trade creditors | - |  | 276 |  |

| Taxation and social security | 64 |  | 3,197 |  |

| Other creditors | 540 |  | 3,400 |  |

604 |  | 6,873 |  |

6. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.

7. | COMPANY STATUS

| The company is limited by guarantee and therefore does not have a share capital. The liability of members is limited by guarantee to £1 each. The company is a non-profit organisation and is an approved enterprise agency under Section 84 Income Tax (Trading and other income) Act 2005.

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Business South Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Business South Group Limited for the period ended 30 September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Business South Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Business South Group Limited and state those matters that we have agreed to state to the Board of Directors of Business South Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Business South Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Business South Group Limited. You consider that Business South Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Business South Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PKB Accountants Limited

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Business South Group Limited

17 November 2025