Faithdean Special Works Ltd

	Page
Company Information	1
Strategic Report	2
Directors' Report	3—4
Independent Auditor's Report	5—7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—18

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Strategic Report

For The Year Ended 31 March 2025

Strategic Report

The directors present their strategic report for the year ended 31 March 2025.

Review of the Business

During the year the company undertook work to the value of £4,394,581, much as forecast (2024: £2,828,783). The resultant Profit before Tax was £450,227 (2024: £421,472). Secured Turnover for the year to March 2026 is in the region of £3 million.

Principal Risks and Uncertainties

The principal risks to the company are delays in the commencement of projects due to backlogs at the British Safety Regulator in approving works. This results in erratic workloads as demonstrated above.

By order of the board

Mr S J Hocking

Company Secretary

18th November 2025

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Faithdean Special Works Ltd

Company No. 10180383

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of specialist building contractors, focusing on cladding, fire prevention and fire safety.

Dividends

No dividends will be distributed for the year ended 31 March 2025.

Directors

The directors who held office during the year were as follows:

Mr D M South

Mr A R Fraser

Mr A S Groves

Mr C D South

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Faithdean Special Works Ltd

Directors' Report (continued)

For The Year Ended 31 March 2025

Independent Auditors

The auditors, Stephen Hill Partnership (Holdings) Ltd , have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

By order of the board

Mr S J Hocking

Company Secretary

18th November 2025

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Independent Auditor's Report

to the Members of

Faithdean Special Works Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Faithdean Special Works Ltd for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Faithdean Special Works Ltd

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 Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 3—4, 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 is 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.

Auditor's 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 an auditor's report 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities; and

- discussed any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rational behind significant or unusual transactions.

In response to the risks of irregularities and non-compliance with laws and regulations, we designed procedures which include, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC or any other relevant regulators.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Faithdean Special Works Ltd

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 that we are required to state to them in an auditor's report 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.

Mr L A Clifton (Senior Statutory Auditor)

for and on behalf of Stephen Hill Partnership (Holdings) Ltd , Statutory Auditor

18th November 2025

Stephen Hill Partnership (Holdings) Ltd

Registered Auditors

139-141 Watling Street

Gillingham

Kent

ME7 2YY

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Faithdean Special Works Ltd

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		4,394,581	2,828,783
Cost of sales		(3,384,255 )	(1,842,496 )

GROSS PROFIT		1,010,326	986,287

Distribution costs		-	-
Administrative expenses		(560,041 )	(564,711 )

OPERATING PROFIT	4	450,285	421,576
Interest payable and similar charges	8	(58 )	(104 )

PROFIT BEFORE TAXATION		450,227	421,472
Tax on Profit	9	(112,706 )	(103,887 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		337,521	317,585

The notes on pages 13 to 18 form part of these financial statements.

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Faithdean Special Works Ltd

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	337,521	317,585
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	337,521	317,585

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Faithdean Special Works Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	10		1,682		1,410

			1,682		1,410
CURRENT ASSETS
Debtors	11	1,943,076		928,876
Cash at bank and in hand		222,388		160,401

		2,165,464		1,089,277
Creditors: Amounts Falling Due Within One Year	12	(1,516,370 )		(777,500 )

NET CURRENT ASSETS (LIABILITIES)			649,094		311,777

TOTAL ASSETS LESS CURRENT LIABILITIES			650,776		313,187

PROVISIONS FOR LIABILITIES
Deferred Taxation	13		(420 )		(352 )

NET ASSETS			650,356		312,835

CAPITAL AND RESERVES
Called up share capital	15		1,000		1,000
Profit and Loss Account			649,356		311,835

SHAREHOLDERS' FUNDS			650,356		312,835

On behalf of the board

Mr D M South

Director

18th November 2025

The notes on pages 13 to 18 form part of these financial statements.

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Faithdean Special Works Ltd

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	1,000	(5,750 )	(4,750)
Profit for the year and total comprehensive income	-	317,585	317,585

As at 31 March 2024 and 1 April 2024	1,000	311,835	312,835


Profit for the year and total comprehensive income	-	337,521	337,521

As at 31 March 2025	1,000	649,356	650,356

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Faithdean Special Works Ltd

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	166,483	(408,573 )
Interest paid		(58 )	(104 )
Tax paid		(103,535 )	-

Net cash generated from/(used in) operating activities		62,890	(408,677 )

Cash flows from investing activities
Purchase of tangible assets		(903 )	(1,324 )



Increase/(decrease) in cash and cash equivalents		61,987	(410,001 )
Cash and cash equivalents at beginning of year	2	160,401	570,402

Cash and cash equivalents at end of year	2	222,388	160,401

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Faithdean Special Works Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
Profit for the financial year	337,521	317,585
Adjustments for:
Tax on profit	112,706	103,887
Interest expense	58	104
Depreciation of tangible assets	631	309
Movements in working capital:
Increase in trade and other debtors	(1,014,200 )	(638,440 )
Increase/(decrease) in trade and other creditors	729,767	(192,018 )

Net cash generated from/(used in) operations	166,483	(408,573 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	222,388	160,401

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	160,401	61,987	222,388

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Faithdean Special Works Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Faithdean Special Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10180383 . The registered office is Unit 12, The Oaks, Revenge Road, Revenge Road, Chatham, Kent, ME5 8LF.

The financial statements are prepared in Pounds Sterling (£), which is the functional currency of the company. Monetary amounts in these finaincial statements are rounded to the nearest £.

2. Statement of Compliance

The 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.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

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

3.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.4. Tangible Fixed Assets and Depreciation

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

Fixtures & Fittings

25% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any acccumulated impairment losses. Historical cost includeds 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.

Tangible, fixed assets are assesed for impairment at each reporting date. If tangible fixed assets are impaired, the carrying amount is reduced to its recoverable amount and the impairment loss is recognised in the profit an loss in the period it is reported.

Gains and losses on disposal are determined by comparing the proceeds with their carrying value amount and are recognised in the income statment.

3.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.6. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilites like trade and other debtors and creditors.

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Faithdean Special Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.8. Employee Benefits

Short term employee benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which they are include.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.10. Debtors

Short term debtors are measured at transaction price, less ny impairments for bad and doubtful debts.

3.11. Prepayments

Prepayments consist of expenses paid in advance.

3.12. Creditors

Short term creditors are measured at the transaction price. Long term creditors are initially recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. After initial recognition, they will be measured at amortised costs using the effective interst rate method. The effective interest amortisation is included within finance costs.

Provisions

Provisions are recognised when the company has a legal or construtive present obligation as a result of a past event, it is probable the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period which it arose.

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Faithdean Special Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	631	309

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	4,393	4,724

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	100,878	152,568
Social security costs	11,812	17,938
Other pension costs	2,065	2,632

	114,755	173,138

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Surveyor	1	2

	1	2

8. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	58	104

9. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	112,638	103,535
Deferred Tax
Deferred taxation			68	352


Total tax charge for the period			112,706	103,887

...CONTINUED

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Faithdean Special Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	2025	2024
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
	£	£
Profit before tax	450,227	421,472

Tax on profit at 25% (UK standard rate)	112,557	105,368
Expenses not deductible for tax purposes	149	-
Tax losses utilised	-	(1,579 )
Capital allowances	(68 )	(254 )
Short term timing differences	68	352

Total tax charge for the period	112,706	103,887

10. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	1,899
Additions	903

As at 31 March 2025	2,802

Depreciation
As at 1 April 2024	489
Provided during the period	631

As at 31 March 2025	1,120

Net Book Value
As at 31 March 2025	1,682

As at 1 April 2024	1,410

11. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	832,384	665,797
Amounts owed by group undertakings	1,100,000	250,000
Other debtors	10,692	13,079

	1,943,076	928,876

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Faithdean Special Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	885,584	570,971
Amounts owed to group undertakings	300,000	-
Other creditors	31,504	21,528
Corporation tax	112,638	103,535
Taxation and social security	186,644	81,466

	1,516,370	777,500

13. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	420	352

14. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	352	352
Reversals	68	68

Balance at 31 March 2025	420	420

15. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 1.00 each	1,000	1,000

16. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £2,065 (2024: £2,632).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

17. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

18. Controlling Parties

The immediate parent company is Faithdean Plc, a company registered in England and Wales, and the ultimate holding company is Faithdean Holdings Limted, a company registered in England and Wales.

Faithdean Holdings Limtied prepares group financial statements and copies can be obtained from Unit 12, The Oaks, Revenge Road, Lordswood, Chatham, Kent, ME5 8LF.

In the opinion of the directors, the ultimate controlling party is Mr D M South, a director of the company, who holds more than 50% of the voting rights in Faithdean Holdings Limited.

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