BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the supply and installation of windows and doors for the construction trade. 30 September 2025 NI024536 2024-12-31 NI024536 2023-12-31 NI024536 2022-12-31 NI024536 2024-01-01 2024-12-31 NI024536 2023-01-01 2023-12-31 NI024536 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI024536 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI024536 uk-bus:FullAccounts 2024-01-01 2024-12-31 NI024536 uk-bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 NI024536 uk-bus:Director2 2024-01-01 2024-12-31 NI024536 uk-bus:Director3 2024-01-01 2024-12-31 NI024536 uk-bus:CompanySecretary1 2024-01-01 2024-12-31 NI024536 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 NI024536 uk-bus:Agent1 2024-01-01 2024-12-31 NI024536 uk-bus:Audited 2024-01-01 2024-12-31 NI024536 uk-core:ShareCapital 2024-12-31 NI024536 uk-core:ShareCapital 2023-12-31 NI024536 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI024536 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI024536 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI024536 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI024536 uk-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 NI024536 uk-bus:FRS102 2024-01-01 2024-12-31 NI024536 uk-core:LandBuildings 2024-01-01 2024-12-31 NI024536 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI024536 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 NI024536 uk-core:MotorVehicles 2024-01-01 2024-12-31 NI024536 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2024-01-01 2024-12-31 NI024536 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2023-01-01 2023-12-31 NI024536 uk-core:CurrentFinancialInstruments 2024-12-31 NI024536 uk-core:CurrentFinancialInstruments 2023-12-31 NI024536 uk-core:CurrentFinancialInstruments 2024-12-31 NI024536 uk-core:CurrentFinancialInstruments 2023-12-31 NI024536 uk-core:WithinOneYear 2024-12-31 NI024536 uk-core:WithinOneYear 2023-12-31 NI024536 uk-core:EmployeeBenefits 2023-12-31 NI024536 uk-core:EmployeeBenefits 2024-01-01 2024-12-31 NI024536 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 NI024536 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 NI024536 uk-core:OtherDeferredTax 2024-12-31 NI024536 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-12-31 NI024536 uk-core:EmployeeBenefits 2024-12-31 NI024536 uk-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 NI024536 uk-bus:OrdinaryShareClass1 2024-12-31 NI024536 uk-core:ParentEntities 2024-01-01 2024-12-31 NI024536 uk-core:UltimateParent 2024-01-01 2024-12-31 NI024536 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI024536

Baskil Enterprises Limited

Reports and Financial Statements

for the financial year ended 31 December 2024

Baskil Enterprises Limited

DIRECTORS AND OTHER INFORMATION

Directors | Mr Patrick Tobin
| Mr Alan Ring (Appointed 10 December 2024)
| Mr Jerry Buckley (Resigned 10 December 2024)
Company Secretary | Mr Patrick Tobin
Company Registration Number | NI024536
Registered Office and Business Address | 56 Glenavy Road
| Crumlin
| Antrim
| BT29 4LE
| Nothern Ireland
Independent Auditors | CSG Professional Services UK Limited
| Chartered Certified Accountants and Statutory Audit Firm
| 3 Day Place
| Tralee
| Co.Kerry
| V92 P6HC
| Ireland
Bankers | Allied Irish Banks Plc.
| 11/15 Donegall Square
| Belfast
| BT1 5GB
| Nothern Ireland
Solicitors | Peden & Reid
| Callender Street
| Belfast
| Nothern Ireland

Baskil Enterprises Limited

STRATEGIC REPORT

for the financial year ended 31 December 2024

The directors present their strategic report on the company for the financial year ended 31 December 2024.

Review of the Company's Business

The principal activity of the company continues to be the supply and installation of windows and doors for the building trade in Northern Ireland. During the financial year, the Company earned revenue of £17.6m (2023: £16.7m), achieved a gross profit of £929,550 (2023: £604,603), with a gross margin of 5.28% (2023: 3.6%). Profit before tax was £550,302 (2023: £188,283). Net assets of the company as at 31 December 2024 are £1.9m (2023: £1.5m). The directors are satisfied with the results achieved with increase in turnover and increase overall profit. It was another year of robust company performance against a dynamic macroeconomic landscape of uncertainty contributed to by the existence of high inflation, high interest rates, cost of living crisis and material and labour supply chain shortages. The company is consistently achieving good results proving that the overall business strategy is a success, with an ability to adapt and continue to grow while recognising that macro-economic factors will always have an impact on business outcomes.

Principal Risks and Uncertainties

The management of the overall business and the execution of the Company’s strategy are subject to a number of risks. A full risk management process is embedded within this Company. Major risks are identified and a series of measures created and adopted to combat the identified risks and minimise any loss to the Company. The principal risks and uncertainties are: (i) Macroeconomic and UK Economic Market Conditions Overall market confidence and demand is extremely important for the Company. Demand for its windows and doors is driven by the level of activity in the residential building and construction market for both new builds and retrofits. Replacement of windows and doors within the residential sector would appear to be strongly correlated to the level of household disposable incomes. Changes to government economic and social policy could have a significant impact on consumer confidence and on the Company’s profits. An overall market decline with existing factors such as a slowdown in economic growth, increased interest rates, continuing inflation and cost of living pressures, would result in a fall in demand for the Company’s products. Business strategies and operational procedures are in place to detect early signs of market change and to enable the Company to adopt to such circumstances through cost and efficiency savings together with appropriate price adjustments. Specific efforts are made to further expand the customer base and to develop further it’s energy efficient product range. (ii) Availability and increased cost of materials and labour supplies Failure to procure raw materials on a timely basis would impact on the Company’s ability to meet its customers demands. An inability to control costs or pass on any increase in costs to its customers, appropriately source the requisite labour and/or renegotiate improved terms with suppliers would result in profit margin reductions and a negative impact on the Company’s cash flows and financial condition. The Company has a dedicated purchasing department that pro-actively seeks out best prices on input materials. It seeks to enter contracts with key suppliers to ensure that price, quality and service demands are met. Where possible, materials are sourced from different suppliers to reduce the level of supply risk. Management is very aware that the success of the Company is dependent on having a highly skilled, diverse and competent labour supply. Management work with the entities which fulfil their labour needs in order to have an inclusive and equitable working environment, allowing workers to be engaged and challenged thereby enabling them to positively impact on the Company’s business. (iii) Foreign exchange risk The directors see currency fluctuations due to purchasing requirements as the main exchange risk. Where possible agreements, purchases and settlements are made in pound sterling to mitigate exchange rate volatility. (iv) Competitive pressures Increased competition could reduce demand for the company’s products and thereby have an adverse effect on cash flows. Competitive risk is managed by building up strong partnerships with its customers and providing them with the highest standard of quality and service from order placement right through to product fitting and thereafter. Management adopts a sustainable approach striving to improve and promote an ever - increasing range of energy efficient products and thereby increasing its customer base. (v) Customer credit risk Default by a large customer or multiple smaller customers could result in material bad debts thereby having an adverse effect on the company's cash flows and working capital requirements. The Company has implemented internal credit control policies that require appropriate credit checks on new customers before the acceptance of any orders and regular credit reviews are carried out for existing customers. This credit risk is managed on a proactive basis through the sales process through to debt recovery and collection. The company acknowledges the importance of maintaining close relationships with its key customers thereby facilitating the detection of early signs of potential payment difficulties. (vi) Regulatory risks including Health & Safety The Company could be adversely impacted upon by the crystallisation of unexpected corporate or regulatory risks. The Company’s brand could suffer reputational damage as well as the imposition of penalty breaches. These include Health & Safety, Reputational and Environmental risks or other legal, taxation and compliance matters. Procedures and policies are in place to support compliance with all relevant regulations. Such include regular training and communication on policy compliance and monitoring procedures to ensure adherence with requirements. Health & Safety matters and incidents are fully documented, audits are carried out and assistance from outside consultants is sought when required. The Company maintains a strong safety culture to avoid accidents to its workers, surrounding personnel and members of the public. (vii) Information security and cyber risk A breach of IT security (externally or internally) could result in an inability to operate systems and processes effectively (e.g. viruses) or the release of inappropriate information (e.g. hackers). Breaches could lead to damage to the Company’s reputation, potential loss of customers and revenue and may also expose the Company to liability and regulatory scrutiny. Ongoing investment is taking place in cyber risk detection and prevention tools. Comprehensive application and system controls have been developed and are continuously being upgraded, including password and safe-use policies, internet usage monitoring and anti-malware usage, cyber awareness/IT security campaign active for all personnel, security of servers and comprehensive back- up systems. (viii) Sustainability Management is very conscious that without framing decisions in terms of financial, environmental, social and human effects then there is a risk that the resilience and long-term value of the Company could be undermined and result in a lack of greater prosperity being achieved. Sustainability is one of the principal risks in the Company’s risk management strategy. All aspects of the Company's operations are considered with the aim to minimize the impact on the environment. Operations are tailored to minimize the use of energy and water, use materials that are environmentally friendly, use recycled materials where possible, minimize waste and continually reduce emissions. Sustainability is considered in the selection of the materials that go into the Company's products.

Financial Key Performance Indicators

Key performance indicators are provided to management on a regular basis covering new orders, order pipeline, turnover, operational efficiency, staffing and safety. Key indicators used by management include turnover, cost of sales and margins.

Future Developments

Management anticipate that the business environment will remain competitive. The company strategy and future development plan is to continue to increase its turnover, manage costs efficiently and thereby increase its margins. It will continue to supply some of the most energy efficient products available anywhere in the world. Its aim is to grow year on year with the continuous development of new products, materials and processes incorporating the Company’s experience into its products. It will aim to enhance further its product offering which will meet ever changing tastes and energy and regulatory requirements. Sales and order placement continue to be strong and looking forward the Company believes that the strength of the Munster Joinery brand together with its values of innovation, reliability and top-class customer service will enable it to be successful well into the future.

Post Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

Research and development

The Company did not engage in any research and development activity during the year.

Financial Instruments/Financial Risk Management

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities. The company has in place a risk management programme that seeks to limit the adverse effects these risks can have on its financial performance. The company manages its cash and finance requirements in order to minimise interest expense whilst ensuring that it has sufficient liquid resources to meet the operating needs of the business. The objectives aim to stringently control input costs so as to ensure that sufficient working capital exists and to remain competitive. The company does not use hedge accounting in respect of its financial instruments.

On behalf of the board

___________________________ | ___________________________
Mr Patrick Tobin | Mr Alan Ring
Director | Director
30 September 2025 | 30 September 2025

Baskil Enterprises Limited

DIRECTORS' REPORT

for the financial year ended 31 December 2024

The directors present their report and the audited financial statements for the financial year ended 31 December 2024.

Principal Activity

The principal activity of the company is the supply and installation of windows and doors for the construction trade.

Results and Dividends

The profit for the financial year after providing for depreciation and taxation amounted to £418,536 (2023 - £138,754).

The directors do not recommend payment of a dividend.

Directors

The directors who served during the financial year are as follows:

Mr Patrick Tobin

Mr Alan Ring (Appointed 10 December 2024)

Mr Jerry Buckley (Resigned 10 December 2024)

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

In accordance with the Constitution the directors are not required to retire by rotation.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Auditors

The auditors, CSG Professional Services UK Limited, (Chartered Certified Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

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 a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information

Disclosures Required Under Schedule 7

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 as set out in the company's strategic report information required by Schedule 7 of The Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments, events since the balance sheet date, research and development and financial instruments.

On behalf of the board

___________________________ | ___________________________
Mr Patrick Tobin | Mr Alan Ring
Director | Director
30 September 2025 | 30 September 2025

Baskil Enterprises Limited

STATEMENT OF DIRECTORS' RESPONSIBILITIES

for the financial year ended 31 December 2024

The directors are responsible for preparing the Strategic Report, 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 and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". 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 these financial statements, the directors are required to: -select suitable accounting policies and 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 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.

Disclosure of Information to Auditor Each persons who are directors at the date of approval of this report confirms that: -there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and -the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
On behalf of the board

___________________________ | ___________________________
Mr Patrick Tobin | Mr Alan Ring
Director | Director
30 September 2025 | 30 September 2025

INDEPENDENT AUDITOR'S REPORT

to the Shareholders of Baskil Enterprises Limited

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Baskil Enterprises Limited ('the company') for the financial year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity, the Statement of Cash Flows and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 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 company's affairs as at 31 December 2024 and of its profit for the financial 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 company's ability to continue as a going concern for a period of at least twelve months from the date 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. 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 course of 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.

Opinion 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 the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- | the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Strategic Report and the Directors' Report.

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; or
- | the 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 for the financial statements

As explained more fully in the Statement of Directors' Responsibilities set out on page 8, 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 they 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 has 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our audit plan we identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. As part of our audit work, we obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. Among the laws and regulations we considered in this context were the Companies Act 2006, HMRC Tax Legislation and Health and Safety. We assessed the requireed compliance with these laws and regulations as part of our audit procedures on the related financial statement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the company's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the company for fraud. The laws and regulations considered in this context would include, General Data Protection Regulation (GDPR), and employment legislation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of management and inspection of regulatory and legal correspondence, if any. Our audit procedures to respond to risks include enquiries of management, sample testing, reviewing accounting estimates, reviewing minutes of management meetings. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.

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 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.

Trevor McKenna (Senior Statutory Auditor)

for and on behalf of

CSG PROFESSIONAL SERVICES UK LIMITED

Chartered Certified Accountants and Statutory Audit Firm

3 Day Place

Tralee

Co.Kerry

V92 P6HC

Ireland

30 September 2025

Baskil Enterprises Limited

APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- | Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- | Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.

- | Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Baskil Enterprises Limited

PROFIT AND LOSS ACCOUNT

for the financial year ended 31 December 2024

|  | 2024 |  | 2023
| Notes | £ |  | £

Turnover | 4 | 17,589,978 |  | 16,735,471
Cost of sales |  | (16,660,428) |  | (16,130,868)
|  | ───────── |  | ─────────
Gross profit |  | 929,550 |  | 604,603
Administrative expenses |  | (406,789) |  | (449,988)
Other operating income |  | 35,004 |  | 33,668
|  | ───────── |  | ─────────
Operating profit | 5 | 557,765 |  | 188,283
Interest payable and similar expenses | 6 | (7,463) |  | -
|  | ───────── |  | ─────────
Profit before taxation |  | 550,302 |  | 188,283
Tax on profit | 8 | (131,766) |  | (49,529)
|  | ───────── |  | ─────────
Profit for the financial year |  | 418,536 |  | 138,754
|  | ───────── |  | ─────────
Total comprehensive income |  | 418,536 |  | 138,754
|  | ═════════ |  | ═════════

Baskil Enterprises Limited

Company Registration Number: NI024536

BALANCE SHEET

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 9 | 1,494,457 |  | 1,546,793
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 10 | 4,957 |  | 5,843
Debtors |  | 11 | 16,798,170 |  | 15,618,178
Cash and cash equivalents |  | 12 | 1,619,665 |  | 2,283,431
|  |  | ───────── |  | ─────────
|  |  | 18,422,792 |  | 17,907,452
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 13 | (17,372,793) |  | (17,940,957)
|  |  | ───────── |  | ─────────
Net Current Assets/(Liabilities) |  |  | 1,049,999 |  | (33,505)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 2,544,456 |  | 1,513,288
Provisions for liabilities |  | 15 | (673,114) |  | (60,482)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 1,871,342 |  | 1,452,806
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  | 17 | 100 |  | 100
Retained earnings |  |  | 1,871,242 |  | 1,452,706
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 1,871,342 |  | 1,452,806
|  |  | ═════════ |  | ═════════
Approved by the Board and authorised for issue on 30 September 2025 and signed on its behalf by

________________________________ |  |  | ________________________________
Mr Patrick Tobin |  |  | Mr Alan Ring
Director |  |  | Director

Baskil Enterprises Limited

STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024

| Called up | Retained | Total
| share | earnings |
| capital |  |
| £ | £ | £
At 1 January 2023 | 100 | 1,313,952 | 1,314,052
| ───────── | ───────── | ─────────
Profit for the financial year | - | 138,754 | 138,754
| ───────── | ───────── | ─────────
At 31 December 2023 | 100 | 1,452,706 | 1,452,806
| ───────── | ───────── | ─────────
Profit for the financial year | - | 418,536 | 418,536
| ───────── | ───────── | ─────────
At 31 December 2024 | 100 | 1,871,242 | 1,871,342
| ═════════ | ═════════ | ═════════

Baskil Enterprises Limited

STATEMENT OF CASH FLOWS

for the financial year ended 31 December 2024

|  | 2024 | 2023
| Notes | £ | £

Cash flows from operating activities

Profit for the financial year |  | 418,536 | 138,754
Adjustments for:

Interest payable and similar expenses |  | 7,463 | -
Tax on profit on ordinary activities |  | 131,766 | 49,529
Depreciation |  | 106,880 | 138,077
Profit/loss on disposal of tangible assets |  | (9,283) | (30,338)
|  | ───────── | ─────────
|  | 655,362 | 296,022
Movements in working capital:

Movement in provisions |  | 623,952 | -
Movement in stocks |  | 886 | 875
Movement in debtors |  | (1,284,790) | (977,958)
Movement in creditors |  | (502,998) | (2,438,852)
|  | ───────── | ─────────
Cash used in operations |  | (507,588) | (3,119,913)
Interest paid |  | (7,463) | -
|  | ───────── | ─────────
Net cash used in operating activities |  | (515,051) | (3,119,913)
|  | ───────── | ─────────
Cash flows from investing activities

Payments to acquire tangible assets |  | (59,978) | (113,671)
Receipts from sales of tangible assets |  | 14,717 | 50,848
|  | ───────── | ─────────
Net cash used in investment activities |  | (45,261) | (62,823)
|  | ───────── | ─────────
Cash flows from financing activities

Movement in funding from subsidiaries/group companies |  | (103,454) | -
Advances to related parties |  | - | 15,300
|  | ───────── | ─────────
Net cash (used in)/generated from financing activities |  | (103,454) | 15,300
|  | ───────── | ─────────
Net decrease in cash and cash equivalents |  | (663,766) | (3,167,436)
Cash and cash equivalents at beginning of financial year |  | 2,283,431 | 5,450,867
|  | ───────── | ─────────
Cash and cash equivalents at end of financial year | 12 | 1,619,665 | 2,283,431
|  | ═════════ | ═════════

Baskil Enterprises Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. | General Information
| Baskil Enterprises Limited is a company limited by shares incorporated and registered in Notrthern Ireland. The registered number of the company is NI024536. The registered office of the company is 56 Glenavy Road, Crumlin, Antrim, BT29 4LE, Nothern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' ('FRS 102') and in accordance with the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover is recognised at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of discounts allowed by the company and value added taxes. The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future ecenomic benefits will flow to the entity and (e) the costs incurred (or to be incurred) in respect of the transaction can be measured reliably.
| Interest receivable / Interest payable
| Interest receivable or interest payable is credited or charged to the profit and loss account in the financial year to which it relates.
| Going Concern
| The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
| Tangible assets and depreciation
| Tangible assets are initially stated at cost or at valuation and subsequently measured at cost, less accumulated depreciation and any impairment losses. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Land and buildings freehold | - | 2% Straight line
|  | Plant and machinery | - | 15% Straight line
|  | Fixtures, fittings and equipment | - | 15% Straight line
|  | Motor vehicles | - | 25% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. Impairment At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
| Investment properties
| Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Cash and cash equivalents
| Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet bank overdrafts are shown within Creditors.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense. Warranty costs Provision is made for estimated costs likely to be incurred under warranties offered by the Company that cover products sold. Provision for warranty costs is made by the directors based on historical sales data together with the impact of any known warranty matters. Provision is made for the cost of replacing parts and labour likely to be required.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Related parties
| The company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with its' parent or with members of the same group that are wholly owned.
| Employee benefits
| Short term employee benefits, including wages and salaries, paid holiday arrangements and post-employment benefits (in the form of a defined contribution pension plan) are recognised as an expense in the financial year in which employees render the related service
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Financial Instruments
| Financial assets and liabilities
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from fellow group companies or related parties. The Company does not have any financial assets or liabilities measured at fair value through profit and loss at the current year end or prior year end.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Significant accounting judgements and key sources of estimation uncertainty
| The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below: (a) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing the impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the aging profile of debtors and historical experience. See note 11 for the net carrying amount of the debtors and associated impairment provision. (b) Useful lives of tangible fixed assets Useful Lives of Tangible Fixed Assets Long-lived assets comprising primarily of plant & machinery, fixtures fittings & equipment and motor vehicles represent a significant portion of total assets. The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of residual values. The directors regularly review these useful lives and change them if necessary to reflect current conditions. In determining these useful lives management consider technological change, patterns of consumption, physical condition and expected economic utilisation of the assets. Changes in the useful lives can have a significant impact on the depreciation and amortisation charge for the financial year. The net book value of Tangible Fixed Assets subject to depreciation at the financial year end date was £894,457 (2023:£946,793). Valuation of investment properties The company revalues its investment property portfolio to fair value at each balance sheet date. The Directors have considerable experience in managing property portfolios in Northern Ireland. The Directors have used this considerable knowledge and Independent professional valuations in arriving at their assessment of open market value. (b) Provision for Warranty The provision for warranty is based on estimates from known and expected warranty work to be performed after the sale of goods. The warranty provision is estimated by the directors using historical data in respect of previous claims and then extrapolated forward, with adjustments made for any product modifications or refinements introduced to reduce warranty claims, changes in sales volumes, inflation and other known factors. The fair value of the provision is calculated using a discounted cash flow model and is sensitive to the discount rate used. The carrying amount of the Company's provision for warranty as at 31 December 2024 is £623,952. Further details of provision for warranty are detailed in note 15 to the financial statements.

4. | Turnover
| The whole of the company's turnover is attributable to its market in the United Kingdom/Northern Ireland and is derived from the principal activity of the supply and installation of windows and doors for the constructin trade.

5. | Operating profit | 2024 | 2023
|  | £ | £
| Operating profit is stated after charging/(crediting):
| Depreciation of tangible assets | 106,880 | 138,077
| (Profit) on disposal of tangible assets | (9,283) | (30,338)
| Profit on foreign currencies | (1,001,671) | (522,869)
| Auditor's remuneration
| - audit services | 29,102 | 5,520
|  | ═════════ | ═════════

6. | Interest payable and similar expenses | 2024 | 2023
|  | £ | £
| Interest on overdue tax | 7,463 | -
|  | ═════════ | ═════════

7. | Employees and remuneration
| Number of employees
| The average number of persons employed (including executive directors) during the financial year was as follows:
|  | 2024 | 2023
|  | Number | Number
| Administration and support | 3 | 3
| Other departments | 28 | 33
|  | ───────── | ─────────
|  | 31 | 36
|  | ═════════ | ═════════
| The staff costs comprise: | 2024 | 2023
|  | £ | £
| Wages and salaries | 2,214,976 | 2,139,390
| Social security costs | 204,979 | 215,680
| Pension costs | 33,904 | 32,297
|  | ───────── | ─────────
|  | 2,453,859 | 2,387,367
|  | ═════════ | ═════════

8. | Tax on profit
|  | 2024 | 2023
|  | £ | £
| (a) Analysis of charge in the financial year
| Current tax:
| Corporation tax at 25.00% (2023 - 23.52%) | 150,214 | 59,321
| Under/over provision in prior financial year | (7,128) | -
|  | ───────── | ─────────
| Total current tax | 143,086 | 59,321
|  | ───────── | ─────────
| Deferred tax:
| Origination and reversal of timing differences | (11,320) | (9,792)
|  | ───────── | ─────────
| Total deferred tax | (11,320) | (9,792)
|  | ═════════ | ═════════
| Tax on profit (Note 8 (b)) | 131,766 | 49,529
|  | ═════════ | ═════════
| (b) Factors affecting tax charge for the financial year
| The tax assessed for the financial year differs from the standard rate of corporation tax in the 25.00% (2023 - 23.52%). The differences are explained below:
|  | 2024 | 2023
|  | £ | £
| Profit taxable at 25.00% | 550,302 | 188,283
|  | ═════════ | ═════════
| Profit before tax
| multiplied by the standard rate of corporation tax
| in the at 25.00% (2023 - 23.52%) | 137,576 | 44,284
| Effects of:
| Expenses not deductible for tax purposes | 814 | 345
| Depreciation in excess of capital allowances for period | 14,146 | 21,827
| Deferred tax | (11,320) | (9,792)
| Fixed asset profit on disposal | (2,322) | (7,135)
| Adjustment to tax charge in respect of previous periods | (7,128) | -
|  | ───────── | ─────────
| Total tax charge for the financial year (Note 8 (a)) | 131,766 | 49,529
|  | ═════════ | ═════════
| (c) Factors that may affect future tax charges
| Future year profits of the company will be taxed at the rate of 25%. Deferred taxes at the balance sheet date have been measured using enacted tax rates and reflected in these financial statements.

9. | Tangible assets
|  | Land and | Investment | Plant and | Fixtures, | Motor | Total
|  | buildings | properties | machinery | fittings and | vehicles |
|  | freehold |  |  | equipment |  |
|  | £ | £ | £ | £ | £ | £
| Cost
| At 1 January 2024 | 1,164,776 | 600,000 | 55,752 | 20,090 | 678,682 | 2,519,300
| Additions | - | - | - | - | 59,978 | 59,978
| Disposals | - | - | - | - | (76,489) | (76,489)
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 December 2024 | 1,164,776 | 600,000 | 55,752 | 20,090 | 662,171 | 2,502,789
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2024 | 404,173 | - | 36,619 | 20,090 | 511,625 | 972,507
| Charge for the financial year | 23,296 | - | 2,428 | - | 81,156 | 106,880
| On disposals | - | - | - | - | (71,055) | (71,055)
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| At 31 December 2024 | 427,469 | - | 39,047 | 20,090 | 521,726 | 1,008,332
|  | ───────── | ───────── | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 737,307 | 600,000 | 16,705 | - | 140,445 | 1,494,457
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 760,603 | 600,000 | 19,133 | - | 167,057 | 1,546,793
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| Included within the net book value of land and buildings is £737,307 (2023:£760,603) in respect of long leasehold land and buildings.

10. | Stocks | 2024 | 2023
|  | £ | £
| Consumables | 4,957 | 5,843
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

11. | Debtors | 2024 | 2023
|  | £ | £
| Trade debtors | 2,000,877 | 1,792,923
| Amounts owed by group undertakings | 2,825,574 | 2,130,424
| Amounts owed by related parties | 11,952,933 | 11,575,061
| Taxation (Note 14) | - | 104,798
| Prepayments and accrued income | 18,786 | 14,972
|  | ───────── | ─────────
|  | 16,798,170 | 15,618,178
|  | ═════════ | ═════════
| All anounts shown under debtors fall due for payment within 1 year. Trade debtors are stated after provisions for impairment of £136,232 (2023:£132,870). Amounts owed by group undertakings and related parties are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

12. | Cash and cash equivalents | 2024 | 2023
|  | £ | £
| Cash and bank balances | 1,619,665 | 2,283,431
|  | ═════════ | ═════════

13. | Creditors | 2024 | 2023
| Amounts falling due within one year | £ | £
| Trade creditors | 403,150 | 428,999
| Amounts owed to group undertakings | 16,551,443 | 17,223,574
| Amounts owed to related parties (Note 19) | 57,262 | 42,862
| Taxation (Note 14) | 267,014 | 202,994
| Accruals:
| Pension accrual | 2,519 | 6,727
| Other accruals | 91,405 | 35,801
|  | ───────── | ─────────
|  | 17,372,793 | 17,940,957
|  | ═════════ | ═════════
| The repayment terms of trade creditors vary between on demand and ninety days. No interest is payable on trade creditors. Amounts owed to group undertakings and related parties are unsecured, interest free and repayable on demand. Tax and national insurance are subject to the terms of the relevant legislation. Interest accrues on late payment. The terms of the accruals are based on the underlying contracts. Allied Irish Bank facilities are secured with fixed and floating charges over the assets and property of the Company.

14. | Taxation | 2024 | 2023
|  | £ | £
| Debtors:
| Corporation tax | - | 104,798
|  | ═════════ | ═════════
| Creditors:
| VAT | 145,598 | 123,203
| Corporation tax | 38,288 | -
| PAYE / NI | 69,108 | 79,791
| Construction industry scheme | 14,020 | -
|  | ───────── | ─────────
|  | 267,014 | 202,994
|  | ═════════ | ═════════

15. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Property | Warranty | Total | Total
|  | allowances | revaluations |  |  |
|  |  |  |  | 2024 | 2023
|  | £ | £ | £ | £ | £
| At financial year start | (17,854) | 78,336 | - | 60,482 | 70,274
| Charged to profit and loss | - | - | - | - | (9,792)
| Utilised during the financial year | (11,320) | - | 623,952 | 612,632 | -
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At financial year end | (29,174) | 78,336 | 623,952 | 673,114 | 60,482
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| Warranty provision: The company offers a ten year warranty on joinery products which it sells. A provision is recognised for the expected warranty claims based on past experience of costs incurred and discounted for time factor. Assumptions used to calculate the provision are based on the most up to date current information available and on the best knowledge and experience of management.

16. | Financial Instruments
| The below are the company financial instruments.
|  | 2024 | 2023
|  | £ | £
| Financial assets at fair value through profit or loss
| Financial assets at fair value through profit or loss | 600,000 | 600,000
|  | ═════════ | ═════════

17. | Share capital |  |  | 2024 | 2023
|  |  |  | £ | £
| Description | Number of shares | Value of units |  |
| Allotted, called up and fully paid
| Ordinary shares | 100 | £1.00 each | 100 | 100
|  |  |  | ═════════ | ═════════

18. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 December 2024.

19. | Related party transactions
| Transactions with group and related Companies: Sales with group companies £682,244 (2023: £551,384) Sales with related companies £60,000 (2023: £50,000) Purchases from group companies £14,459,008 (2023: £13,679,055) Purchase form related companeis £45,900 (2023: £42,900) Balances with Group and Related Companies: Amounts owed by Group companies £2,825,574 (2023: £2,130,424) Amount owed to Group companies £16,551,443 (2023: £17,223,574) Amount owed by related parties £11,952,933 (2023: £11,575,061) Amount owed to related parties £57,262 (2023:£42,862)

20. | Parent and ultimate parent company
| The company regards Ring Bros Woodworkings Sales Unlimited as its parent company, a company with a registered office address at: Cahernard, Castleisland, County Kerry, Ireland.
| The companys ultimate parent undertaking is Alcare One - an Isle of Man registered company.
| The address of Alcare One is 33-37 Athol Street, Douglas, IM1 1LB, Isle of Man. Isle of Man.
| The ultimate controlling party of the company as the sole director of Alcare One is Donal Ring.

21. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.