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REGISTERED NUMBER: 10000204 (England and Wales)

| RUSHWOOD MANAGEMENT SERVICES LTD |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025 |

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| RUSHWOOD MANAGEMENT SERVICES LTD |

COMPANY INFORMATION

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

| DIRECTORS: | M A Potter

| C D Potter

| J Rockett

| SECRETARY: | R D Lloyd

| REGISTERED OFFICE: | Northspring

| 21-23 Wellington Street

| Leeds

| West Yorkshire

| LS1 4DL

| REGISTERED NUMBER: | 10000204 (England and Wales)

| ACCOUNTANTS: | UHY BPR Heaton

| Chartered Accountants

| Glenewes House

| Gate Way Drive

| Leeds

| West Yorkshire

| LS19 7XY

| BANKERS: | HSBC Bank Plc

| 34 Westgate

| Ripon

| North Yorkshire

| HG4 2BL

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 140,549 |  | 128,904 |  |

Tangible assets | 5 | 464,213 |  | 560,926 |  |

Investments | 6 | 1 |  | 1 |  |

604,763 |  | 689,831 |  |

CURRENT ASSETS

Debtors | 7 | 2,040,126 |  | 2,293,544 |  |

Cash at bank and in hand | 533,926 |  | 179,672 |  |

2,574,052 |  | 2,473,216 |  |

CREDITORS

Amounts falling due within one year | 8 | (907,789 | ) | (986,251 | ) |

NET CURRENT ASSETS | 1,666,263 |  | 1,486,965 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,271,026 |  | 2,176,796 |  |

PROVISIONS FOR LIABILITIES | (19,100 | ) | (61,600 | ) |

NET ASSETS | 2,251,926 |  | 2,115,196 |  |

CAPITAL AND RESERVES

Called up share capital | 1,225,091 |  | 1,225,091 |  |

Capital redemption reserve | 10 |  | 10 |  |

Retained earnings | 1,026,825 |  | 890,095 |  |

2,251,926 |  | 2,115,196 |  |

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

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

The directors acknowledge their responsibilities for:

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

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

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

BALANCE SHEET - continued

31 MARCH 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 by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

C D Potter - Director

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

1. | STATUTORY INFORMATION

| Rushwood Management Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

| Turnover

| Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates, and is stated net of Value Added Tax.

| Construction services

| Turnover from the supply of construction services in respect of contracts which are ongoing at the balance sheet date is recognised by reference to the stage of completion of the contract using the method that measures most reliably the work performed. The stage of completion of the contract is therefore measured either by comparing the costs incurred for work performed to date to the total estimated contract costs, or by reference to surveys of work performed, whichever is the most appropriate. Where the contract outcome cannot be measured reliably, revenue is recognised only to the extent of expenses recognised that are recoverable.

| Property management services

| Turnover from the provision of property management services is recognised when the outcome of a transaction can be estimated reliably and is measured as a percentage of the monthly rent roll for property under management.

| Development property services and Board services

| Revenue is recognised when the right to receive payment is established.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of three years.

| Tangible fixed assets

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

| Plant and machinery | - | 33% on cost and 20% on cost

| Motor vehicles | - | 25% on cost and 20% on cost

| Fixtures and equipment | - | 33% on cost and 20% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provision of the instrument.

| Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

| Basic financial instruments

| Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

| Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

| Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

| Impairment

| At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

| Other financial instruments

| The company does not have any financial instruments that would not be classed as 'basic'.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in Other Comprehensive Income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax represents the amount of taxation payable, or receivable, in respect of taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid, or recovered, using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It 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 the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against a 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.

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 29 (2024 - 27 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 May 2024 | 128,904 |  |

| Additions | 59,057 |  |

| At 31 March 2025 | 187,961 |  |

| AMORTISATION

| Charge for period | 47,412 |  |

| At 31 March 2025 | 47,412 |  |

| NET BOOK VALUE

| At 31 March 2025 | 140,549 |  |

| At 30 April 2024 | 128,904 |  |

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024 | 1,106,195 |  |

| Additions | 178,815 |  |

| Disposals | (144,775 | ) |

| At 31 March 2025 | 1,140,235 |  |

| DEPRECIATION

| At 1 May 2024 | 545,269 |  |

| Charge for period | 227,287 |  |

| Eliminated on disposal | (96,534 | ) |

| At 31 March 2025 | 676,022 |  |

| NET BOOK VALUE

| At 31 March 2025 | 464,213 |  |

| At 30 April 2024 | 560,926 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 May 2024

| and 31 March 2025 | 1 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1 |  |

| At 30 April 2024 | 1 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 334,059 |  | 428,693 |  |

| Amounts owed by group undertakings | 1,045,067 |  | 1,036,410 |  |

| Other debtors | 661,000 |  | 828,441 |  |

2,040,126 |  | 2,293,544 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 159,692 |  | 237,053 |  |

| Taxation and social security | 291,559 |  | 245,747 |  |

| Other creditors | 456,538 |  | 503,451 |  |

907,789 |  | 986,251 |  |

RUSHWOOD MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 10000204) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 41,696 |  | 71,231 |  |

| Between one and five years | 622 |  | 36,382 |  |

42,318 |  | 107,613 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The advance to a director made in the previous year has been repaid in the current period. The balance outstanding at 31 March 2025 was £NIL (30 April 2024: £12,490).

11. | RELATED PARTY DISCLOSURES

| During the period the company increased its loan to its subsidiary company Poter Banov o.o.o. by £8,657. The loan is interest free and repayable on demand. The balance outstanding at 31 March 2025 was £1,045,067 (30 April 2024: £1,036,410).