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REGISTERED NUMBER: 08590272 (England and Wales)

GREEN DRAKE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| GREEN DRAKE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Mr S L Cloran

| Mrs Z Cloran

| REGISTERED OFFICE: | Fryern House

| 125 Winchester Road

| Chandlers Ford

| Eastleigh

| Hampshire

| SO53 2DR

| REGISTERED NUMBER: | 08590272 (England and Wales)

| ACCOUNTANTS: | Rothmans CF Limited

| Fryern House

| 125 Winchester Road

| Chandlers Ford

| Eastleigh

| Hampshire

| SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

GREEN DRAKE 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 Green Drake Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Green Drake 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 Green Drake Limited and state those matters that we have agreed to state to the Board of Directors of Green Drake Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Drake Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Green Drake 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 Green Drake Limited. You consider that Green Drake Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Green Drake 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.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

24 November 2025

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

BALANCE SHEET

31 MARCH 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

ASSETS

FIXED ASSETS

Tangible assets | 3 | 234 |  | 1,284 |  |

Investments | 4 | 67,289 |  | 2,569,758 |  |

Investment property | 5 | 793,315 |  | 775,000 |  |

860,838 |  | 3,346,042 |  |

CURRENT ASSETS

Debtors | 6 | 3,761,119 |  | 11,342,287 |  |

Cash at bank | 2,128,369 |  | 202,712 |  |

|  |  | 5,889,488 |  |  |  |  | 11,544,999 |  |

6,750,326 |  | 14,891,041 |  |

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital | 40,000 |  | 40,000 |  |

Merger reserve | 696,570 |  | 696,570 |  |

Retained earnings | (4,861,763 | ) | 3,687,969 |  |

SHAREHOLDERS' FUNDS | (4,125,193 | ) | 4,424,539 |  |

CREDITORS

Amounts falling due within one year | 7 | 10,875,519 |  | 10,466,502 |  |

10,875,519 |  | 10,466,502 |  |

6,750,326 |  | 14,891,041 |  |

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

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

The directors acknowledge their responsibilities for:

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

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

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

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 16 November 2025 and were signed on its behalf by:

Mr S L Cloran - Director

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | 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 as modified by the revaluation of certain assets.

| The presentation currency is £ sterling.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| 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 reports for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| 1) Indication of impairment

| Management must use judgement to determine if there are any indicators of impairment, triggering an impairment review.

| Other key sources of estimation uncertainty.

| 1) Recoverable amount of investments

| In the event of an impairment review, there are various estimates involved in calculating the recoverable amount of an investment, including expected future cash flows.

| Turnover

| Turnover is derived from management and consultancy services, and are recognised when the consultancy is provided.

| Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

| Fixed assets

| All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation.

| The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

| Depreciation is calculated as so to write off the cost of a tangible fixed asset, less its estimated residual value, over the useful economic life of that asset as follows:

| Office equipment |  | - 25% straight line |  |

| Fixtures and fittings |  | - 25% straight line |  |

| The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Income Statement.

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

1. | ACCOUNTING POLICIES - continued

| Investment property

| Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

| The aggregate surplus or deficit arising on revaluation is transferred to the fair value reserve.

| 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 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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.

| 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 the Income Statement in the period to which they relate.

| Government grants

| Grants of a revenue nature are credited to the Income Statement in the period in which they relate in accordance with terms of the grant. Any accrued or deferred element of the grant is included in debtors or creditors as applicable.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | TANGIBLE FIXED ASSETS

Fixtures |

Office | and |

equipment | fittings | Totals |

| £ | £ | £

| COST

| At 1 April 2024

| and 31 March 2025 | 17,455 |  | 5,637 |  | 23,092 |  |

| DEPRECIATION

| At 1 April 2024 | 16,171 |  | 5,637 |  | 21,808 |  |

| Charge for year | 1,050 |  | - |  | 1,050 |  |

| At 31 March 2025 | 17,221 |  | 5,637 |  | 22,858 |  |

| NET BOOK VALUE

| At 31 March 2025 | 234 |  | - |  | 234 |  |

| At 31 March 2024 | 1,284 |  | - |  | 1,284 |  |

4. | FIXED ASSET INVESTMENTS

Shares in |

group | Interest in |

undertakings | associate | Totals |

| £ | £ | £

| COST

| At 1 April 2024 | 2,562,471 |  | 7,287 |  | 2,569,758 |  |

| Additions | - |  | 60,000 |  | 60,000 |  |

| Impairments | (2,562,469 | ) | - |  | (2,562,469 | ) |

| At 31 March 2025 | 2 |  | 67,287 |  | 67,289 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2 |  | 67,287 |  | 67,289 |  |

| At 31 March 2024 | 2,562,471 |  | 7,287 |  | 2,569,758 |  |

5. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 April 2024 | 775,000 |  |

| Additions | 18,315 |  |

| At 31 March 2025 | 793,315 |  |

| NET BOOK VALUE

| At 31 March 2025 | 793,315 |  |

| At 31 March 2024 | 775,000 |  |

| Fair value at 31 March 2025 is represented by:

| £

| Valuation in 2020 | 294,454 |  |

| Valuation in 2024 | (475,000 | ) |

| Cost | 973,861 |  |

793,315 |  |

| GREEN DRAKE LIMITED (REGISTERED NUMBER: 08590272) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

| £ | £

| Trade debtors | 2,931,445 |  | 2,528,002 |  |

| Other debtors | 15,000 |  | 8,444,285 |  |

| VAT | 11,376 |  | - |  |

| Prepayments and accrued income | 803,298 |  | 370,000 |  |

3,761,119 |  | 11,342,287 |  |

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

2025 | 2024 |

| £ | £

| Trade creditors | 85,001 |  | 22,004 |  |

| Amounts owed to group undertakings | 1,339,756 |  | 149,807 |  |

| Social security and other taxes | 821 |  | 377 |  |

| VAT | - |  | 24,872 |  |

| Other creditors | 79 |  | 39 |  |

| Directors' current accounts | 9,449,862 |  | 10,185,778 |  |

| Accruals and deferred income | - |  | 83,625 |  |

10,875,519 |  | 10,466,502 |  |

8. | OTHER FINANCIAL COMMITMENTS

| At 31 March 2025, the company had total commitments under non-cancellable operating leases of £60,305 (2024: £nil)