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REGISTERED NUMBER: 12642515 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2025

for

McFadden Building & Civil Engineering

(Holdings) Limited

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Contents of the Consolidated Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 5 |

| Consolidated Income Statement | 7 |

| Consolidated Other Comprehensive Income | 8 |

| Consolidated Balance Sheet | 9 |

| Company Balance Sheet | 10 |

| Consolidated Statement of Changes in Equity | 11 |

| Company Statement of Changes in Equity | 12 |

| Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Cash Flow Statement | 14 |

| Notes to the Consolidated Financial Statements | 15 |

| McFadden Building & Civil Engineering |

| (Holdings) Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | F A Lynn

| P A McFadden

| K A McFadden

| REGISTERED OFFICE: | 4 Redcote Lane

| Kirkstall

| Leeds

| West Yorkshire

| LS4 2AL

| REGISTERED NUMBER: | 12642515 (England and Wales)

| AUDITORS: | KJA Kilner Johnson Ltd (Statutory Auditors)

| Woodland House

| Woodland Park

| Bradford Road

| Cleckheaton

| BD19 6BW

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Group Strategic Report

for the Year Ended 31 March 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

In writing the Strategic Report and the review of the business, the directors acknowledge that the report is for the Group headed by McFadden Building & Civil Engineering (Holdings) Limited (the 'Parent Company') and its subsidiaries McFadden Building & Civil Engineering Limited and Forwade Site Services Ltd.

Established in 2000, McFadden Building & Civil Engineering Limited provides a specialist service in all aspects of fuel station forecourt construction and drive-thru restaurants. Working nationally in the UK, its high levels of customer satisfaction reflect the Company's success in completing projects on schedule, within budget and above standard.

The Group is involved with many private forecourt operators and notes that as electric vehicles become more popular demand could shift from infrastructure needed for petrol vehicles to that required for electric vehicles.

The Group has recently secured new contracts for the construction of petrol stations and drive-thru restaurants and tenders for new builds on a continuous basis. The Group has a wide customer base and is not reliant on any one customer.

The Group continues to be impacted by inflationary pressures and has created efficiencies where possible and passed on increased costs to customers where unavoidable.

The Group remains committed to an infrastructure fit for purpose, through investment in the support and training of its people. This year saw the completion of a new purpose-built Head Office which provides enhanced facilities for staff.

The shareholders are fully committed to the Group and will ensure that its cash position and business resilience remain strong. The primary aim is to develop a profitable, growing and robust business that can continue to increase stakeholder value each year.

During the year Forwade Site Services Ltd. became non-trading, and it is the directors' intention that the Company will ultimately become dormant.

PRINCIPAL RISKS AND UNCERTAINTIES

Risk management is achieved through formal documented policies and procedures along with robust internal controls set by the directors which are reviewed periodically.

In addition to the specific risks considered below, the principal risks to the business remain significant commodity price movements in the supply chain, competitor activity, legislative changes and wider sector dynamics.

Operational risk

There is a risk that new projects are not secured with existing customers due to the competitive market. The directors mitigate this risk by ensuring the Group provides first-class service levels and cost control to deliver competitive pricing which results in excellent value for money.

Price risk

Suppliers are reviewed and alternatives are sought on a periodic basis to reduce exposure to price increases. The Group also enters longer-term fixed-rate contracts with certain suppliers.

Liquidity risk

The Group is profitable and cash generative and has no external borrowing at the year-end. It has access to an overdraft facility which remained unutilised throughout the year.

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Group Strategic Report

for the Year Ended 31 March 2025

KEY PERFORMANCE INDICATORS

The board monitors the progress of the Group by reference to the following Key Performance Indicators:

| 2025 |  | 2024 |

Turnover |  | £16,852,300 |  | £14,321,802 |

Gross profit |  | £3,411,368 |  | £2,390,483 |

Gross profit percentage |  | 20.2% |  | 16.7% |

The Group monitors several non-financial Key Performance Indicators which it is not deemed commercially appropriate to disclose.

ON BEHALF OF THE BOARD:

P A McFadden - Director

12 November 2025

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Report of the Directors

for the Year Ended 31 March 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of builders and civil engineers including demolition services.

DIVIDENDS

An interim dividend of £5,046.63 per share on the C Ordinary £1 shares was paid on 31 March 2025. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 March 2025 will be £ 2,018,650 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

F A Lynn

P A McFadden

K A McFadden

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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). 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P A McFadden - Director

12 November 2025

Report of the Independent Auditors to the Members of

McFadden Building & Civil Engineering

(Holdings) Limited

Opinion

We have audited the financial statements of McFadden Building & Civil Engineering (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, 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, including Financial Reporting Standard 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 group's and of the parent company affairs as at 31 March 2025 and of the group's profit 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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.

Report of the Independent Auditors to the Members of

McFadden Building & Civil Engineering

(Holdings) Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

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

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 a Report of the Auditors 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.

Raza Effendi MBA FCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

4 December 2025

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Consolidated

Income Statement

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 16,852,300 |  | 14,321,802 |  |

Cost of sales | 13,440,932 |  | 11,931,319 |  |

GROSS PROFIT | 3,411,368 |  | 2,390,483 |  |

Administrative expenses | 1,035,871 |  | 889,518 |  |

2,375,497 |  | 1,500,965 |  |

Other operating income | 10,207 |  | - |  |

OPERATING PROFIT | 6 | 2,385,704 |  | 1,500,965 |  |

Interest receivable and similar income | 8 | 51,121 |  | 13,850 |  |

2,436,825 |  | 1,514,815 |  |

Interest payable and similar expenses | 9 | 363 |  | 3,846 |  |

PROFIT BEFORE TAXATION | 2,436,462 |  | 1,510,969 |  |

Tax on profit | 10 | 544,655 |  | 373,367 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,891,807 |  | 1,137,602 |  |

Profit attributable to:

Owners of the parent | 1,891,807 |  | 1,137,602 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Consolidated

Other Comprehensive Income

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,891,807 |  | 1,137,602 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,891,807 |  | 1,137,602 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,891,807 |  | 1,137,602 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Consolidated Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 13 | 1,627,997 |  | 1,249,748 |  |

Investments | 14 | - |  | - |  |

Investment property | 15 | 375,000 |  | 327,199 |  |

2,002,997 |  | 1,576,947 |  |

CURRENT ASSETS

Stocks | 16 | 81,512 |  | 80,558 |  |

Debtors | 17 | 8,750,264 |  | 7,910,198 |  |

Cash at bank and in hand | 18 | 624,443 |  | 1,246,742 |  |

9,456,219 |  | 9,237,498 |  |

CREDITORS

Amounts falling due within one year | 19 | 3,119,963 |  | 2,413,736 |  |

NET CURRENT ASSETS | 6,336,256 |  | 6,823,762 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,339,253 |  | 8,400,709 |  |

CREDITORS

Amounts falling due after more than one year | 20 | (13,905 | ) | - |  |

PROVISIONS FOR LIABILITIES | 23 | (111,614 | ) | (60,132 | ) |

NET ASSETS | 8,213,734 |  | 8,340,577 |  |

CAPITAL AND RESERVES

Called up share capital | 24 | 1,000 |  | 1,000 |  |

Share premium | 6,454,733 |  | 6,454,733 |  |

Fair value reserve | 10,207 |  | - |  |

Retained earnings | 1,747,794 |  | 1,884,844 |  |

SHAREHOLDERS' FUNDS | 8,213,734 |  | 8,340,577 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

P A McFadden - Director

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Company Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 13 | 335,119 |  | 467,712 |  |

Investments | 14 | 6,455,833 |  | 6,455,833 |  |

Investment property | 15 | - |  | - |  |

6,790,952 |  | 6,923,545 |  |

CURRENT ASSETS

Debtors | 17 | 3,734,318 |  | 2,881,840 |  |

Cash at bank | 18 | 11,636 |  | 500,000 |  |

3,745,954 |  | 3,381,840 |  |

CREDITORS

Amounts falling due within one year | 19 | 47,965 |  | 524,408 |  |

NET CURRENT ASSETS | 3,697,989 |  | 2,857,432 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,488,941 |  | 9,780,977 |  |

CREDITORS

Amounts falling due after more than one year | 20 | (13,905 | ) | - |  |

PROVISIONS FOR LIABILITIES | 23 | - |  | (12,557 | ) |

NET ASSETS | 10,475,036 |  | 9,768,420 |  |

CAPITAL AND RESERVES

Called up share capital | 24 | 1,000 |  | 1,000 |  |

Share premium | 6,454,733 |  | 6,454,733 |  |

Retained earnings | 4,019,303 |  | 3,312,687 |  |

SHAREHOLDERS' FUNDS | 10,475,036 |  | 9,768,420 |  |

Company's profit for the financial year | 2,725,266 |  | 3,330,141 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

P A McFadden - Director

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Consolidated Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |  | Fair |

| share |  | Retained |  | Share |  | value |  | Total

| capital |  | earnings |  | premium |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 April 2023 | 1,000 |  | 764,696 |  | 6,454,733 |  | - |  | 7,220,429 |  |

Changes in equity

Dividends | - |  | (17,454 | ) | - |  | - |  | (17,454 | ) |

Total comprehensive income | - |  | 1,137,602 |  | - |  | - |  | 1,137,602 |  |

Balance at 31 March 2024 | 1,000 |  | 1,884,844 |  | 6,454,733 |  | - |  | 8,340,577 |  |

Changes in equity

Dividends | - |  | (2,018,650 | ) | - |  | - |  | (2,018,650 | ) |

Total comprehensive income | - |  | 1,881,600 |  | - |  | 10,207 |  | 1,891,807 |  |

Balance at 31 March 2025 | 1,000 |  | 1,747,794 |  | 6,454,733 |  | 10,207 |  | 8,213,734 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Company Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 1,000 |  | - |  | 6,454,733 |  | 6,455,733 |  |

Changes in equity

Dividends | - |  | (17,454 | ) | - |  | (17,454 | ) |

Total comprehensive income | - |  | 3,330,141 |  | - |  | 3,330,141 |  |

Balance at 31 March 2024 | 1,000 |  | 3,312,687 |  | 6,454,733 |  | 9,768,420 |  |

Changes in equity

Dividends | - |  | (2,018,650 | ) | - |  | (2,018,650 | ) |

Total comprehensive income | - |  | 2,725,266 |  | - |  | 2,725,266 |  |

Balance at 31 March 2025 | 1,000 |  | 4,019,303 |  | 6,454,733 |  | 10,475,036 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,428,617 |  | 163,551 |  |

Interest paid | - |  | (109 | ) |

Interest element of hire purchase payments paid | (363 | ) | (3,737 | ) |

Tax paid | (39,417 | ) | (211,957 | ) |

Net cash from operating activities | 2,388,837 |  | (52,252 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (984,444 | ) | (379,405 | ) |

Purchase of investment property | (37,594 | ) | (1,521 | ) |

Sale of tangible fixed assets | 120,181 |  | 31,302 |  |

Interest received | 51,121 |  | 13,850 |  |

Net cash from investing activities | (850,736 | ) | (335,774 | ) |

Cash flows from financing activities

Capital repayments in year | 41,777 |  | (139,465 | ) |

Amount introduced by directors | (183,527 | ) | 312,769 |  |

Equity dividends paid | (2,018,650 | ) | (17,454 | ) |

Net cash from financing activities | (2,160,400 | ) | 155,850 |  |

Decrease in cash and cash equivalents | (622,299 | ) | (232,176 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,246,742 |  | 1,478,918 |  |

Cash and cash equivalents at end of year | 2 | 624,443 |  | 1,246,742 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,436,462 |  | 1,510,969 |  |

| Depreciation charges | 483,628 |  | 510,860 |  |

| Loss/(profit) on disposal of fixed assets | 2,386 |  | (25,129 | ) |

| Gain on revaluation of fixed assets | (10,207 | ) | - |  |

| Increase/(Decrease) in other provisions | - |  | (70,382 | ) |

| Finance costs | 363 |  | 3,846 |  |

| Finance income | (51,121 | ) | (13,850 | ) |

2,861,511 |  | 1,916,314 |  |

| Increase in stocks | (954 | ) | (10,723 | ) |

| Increase in trade and other debtors | (1,283,999 | ) | (1,007,711 | ) |

| Increase/(decrease) in trade and other creditors | 852,059 |  | (734,329 | ) |

| Cash generated from operations | 2,428,617 |  | 163,551 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 624,443 |  | 1,246,742 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 1,246,742 |  | 1,478,918 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,246,742 |  | (622,299 | ) | 624,443 |  |

1,246,742 |  | (622,299 | ) | 624,443 |  |

| Debt

| Finance leases | (13,843 | ) | (41,777 | ) | (55,620 | ) |

(13,843 | ) | (41,777 | ) | (55,620 | ) |

| Total | 1,232,899 |  | (664,076 | ) | 568,823 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| McFadden Building & Civil Engineering (Holdings) Limited 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 General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the Group’s accounting policies, the directors are required to make judgments, 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 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.

| Critical judgments

| The key assumptions concerning the future and other key sources of estimation uncertainty that have a heightened risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

| (i) Useful economic lives of tangible fixed assets

| The annual depreciation charge for tangible fixed assets and their carrying amount is determined by the estimated useful economic lives and residual values of the assets. The useful lives and residual values are reassessed annually and amended when necessary to reflect current estimates based on technological advancement, future investment, economic utilisation and the physical condition of the asset.

| The depreciation method used for tangible fixed assets has been changed during the year from the reducing balance method to a straight line basis. This is to better reflect the realisable value of the assets at year end. It is not practicable to present the effect of the change in depreciation method on the comparative financial information.

| (ii) Investment property fair value

| The fair value of investment property is considered to be the same as cost. The fair value is reassessed annually and amended when necessary to reflect the market value of the properties concerned.

| (iii) Estimated revenues for ongoing contracts

| The nature of the Group’s business results in the requirement for estimations of the revenues associated with contracts in progress at the year-end. These estimations will determine the stage of completion of ongoing projects in order to recognise the appropriate amount of revenue at the reporting date. When estimating the stage of completion of contracts the Group uses a range of information available to it such as approved contract value and variations, total costs booked to the contract plus an estimate of costs to complete the contract using estimated bills of materials, labour and any other costs specific to a particular contract. Management estimate the stage of completion of ongoing contracts by reference to the actual costs incurred to the reporting period date in comparison to the expected total costs of the project.

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Group will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Rental income

| Income from the letting and maintenance of investment property is recognised in the Statement of Comprehensive Income on a straight-line basis over the lease term.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 25% straight line and 20% straight line

| Motor vehicles | - | 25% straight line

| Computer equipment | - | 25% straight line

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

| prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Investment property

| Investment property is carried at fair value 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.

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Group has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

| The Group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

| Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.

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

| Basic financial assets

| Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

| Other financial assets

| Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

| Impairment of financial assets

| Financial assets are assessed for indicators of impairment at each reporting date.

| Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

| If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

| Financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

| Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, the discounting is omitted where the effect of discounting is immaterial.

| Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

| Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

| Derecognition of financial assets

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

| Derecognition of financial liabilities

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 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

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Contract revenue | 16,837,300 |  | 14,310,802 |  |

| Rental income | 15,000 |  | 11,000 |  |

16,852,300 |  | 14,321,802 |  |

| All turnover arose within the United Kingdom.

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 562,159 |  | 433,121 |  |

| Social security costs | 60,724 |  | 43,996 |  |

| Other pension costs | 8,948 |  | 8,867 |  |

631,831 |  | 485,984 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Operations | 10 |  | 10 |  |

| Administration and support | 3 |  | 4 |  |

13 |  | 14 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 13 (2024 - 14 ) .

5. | DIRECTORS' EMOLUMENTS

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 115,145 |  | 49,564 |  |

| Directors' pension contributions to money purchase schemes | 1,038 |  | 1,013 |  |

| During the year retirement benefits were accruing to 3 director (2024 - 1) in respect of defined contribution pension schemes.

6. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 556,592 |  | 487,422 |  |

| Depreciation - owned assets | 465,088 |  | 510,860 |  |

| Depreciation - assets on hire purchase contracts | 18,540 |  | - |  |

| Loss/(profit) on disposal of fixed assets | 2,386 |  | (25,129 | ) |

| Other operating lease rentals | 16,280 |  | 10,026 |  |

| Cost of defined contribution scheme | 8,948 |  | 8,867 |  |

7. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 19,700 |  | 27,000 |  |

8. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 11,704 |  | 13,850 |  |

| HMRC interest received | 39,417 |  | - |  |

51,121 |  | 13,850 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

9. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | - |  | 109 |  |

| Hire purchase | 363 |  | 3,737 |  |

363 |  | 3,846 |  |

10. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 555,805 |  | 527,930 |  |

| Over/under provision | (62,632 | ) | - |  |

| Total current tax | 493,173 |  | 527,930 |  |

| Deferred tax | 51,482 |  | (154,563 | ) |

| Tax on profit | 544,655 |  | 373,367 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,436,462 |  | 1,510,969 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 609,116 |  | 377,742 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,480 |  | 1,141 |  |

| Adjustments to tax charge in respect of previous periods | (57,123 | ) | (637 | ) |

| Effect of change in tax rate | - |  | (4,879 | ) |

| Other differences | (7,266 | ) | - |  |

| Deferred tax on investment properties | (2,552 | ) | - |  |

| Total tax charge | 544,655 |  | 373,367 |  |

11. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

12. | DIVIDENDS

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Ordinary C Shares of 1 each |  | 2,018,650 |  | - |  |

| Ordinary D Shares of 1 each |  | - |  | 17,454 |  |

|  | 2,018,650 |  | 17,454 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

13. | TANGIBLE FIXED ASSETS

| Group

| Fixtures

| Long |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | - |  | 1,789,784 |  | 421,725 |  |

| Additions | - |  | 255,405 |  | 363,432 |  |

| Disposals | - |  | (194,528 | ) | - |  |

| Reclassification/transfer | 785,157 |  | - |  | (785,157 | ) |

| At 31 March 2025 | 785,157 |  | 1,850,661 |  | - |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 1,209,535 |  | - |  |

| Charge for year | 6,543 |  | 313,469 |  | - |  |

| Eliminated on disposal | - |  | (115,320 | ) | - |  |

| At 31 March 2025 | 6,543 |  | 1,407,684 |  | - |  |

| NET BOOK VALUE

| At 31 March 2025 | 778,614 |  | 442,977 |  | - |  |

| At 31 March 2024 | - |  | 580,249 |  | 421,725 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 809,254 |  | 19,780 |  | 3,040,543 |  |

| Additions | 346,748 |  | 18,859 |  | 984,444 |  |

| Disposals | (164,031 | ) | (8,912 | ) | (367,471 | ) |

| Reclassification/transfer | - |  | - |  | - |  |

| At 31 March 2025 | 991,971 |  | 29,727 |  | 3,657,516 |  |

| DEPRECIATION

| At 1 April 2024 | 567,339 |  | 13,921 |  | 1,790,795 |  |

| Charge for year | 159,135 |  | 4,481 |  | 483,628 |  |

| Eliminated on disposal | (120,987 | ) | (8,597 | ) | (244,904 | ) |

| At 31 March 2025 | 605,487 |  | 9,805 |  | 2,029,519 |  |

| NET BOOK VALUE

| At 31 March 2025 | 386,484 |  | 19,922 |  | 1,627,997 |  |

| At 31 March 2024 | 241,915 |  | 5,859 |  | 1,249,748 |  |

| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Plant and machinery |  | 92,700 |  | 187,193 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

13. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| Additions | 92,700 |  |

| At 31 March 2025 | 92,700 |  |

| DEPRECIATION

| Charge for year | 18,540 |  |

| At 31 March 2025 | 18,540 |  |

| NET BOOK VALUE

| At 31 March 2025 | 74,160 |  |

| Company

| Plant and

| machinery

£ |

| COST

| At 1 April 2024 | 1,242,396 |  |

| Additions | 124,820 |  |

| At 31 March 2025 | 1,367,216 |  |

| DEPRECIATION

| At 1 April 2024 | 774,684 |  |

| Charge for year | 257,413 |  |

| At 31 March 2025 | 1,032,097 |  |

| NET BOOK VALUE

| At 31 March 2025 | 335,119 |  |

| At 31 March 2024 | 467,712 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| Additions | 92,700 |  |

| At 31 March 2025 | 92,700 |  |

| DEPRECIATION

| Charge for year | 18,540 |  |

| At 31 March 2025 | 18,540 |  |

| NET BOOK VALUE

| At 31 March 2025 | 74,160 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

14. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 6,455,833 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,455,833 |  |

| At 31 March 2024 | 6,455,833 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiaries

| McFadden Building & Civil Engineering Limited

| Registered office: 4 Redcote Lane, Kirkstall, Leeds, West Yorkshire, LS4 2AL

| Nature of business: building & civil engineering

| %

| Class of shares: | holding |

| Ordinary A, B, C, D | 100.00 |

| Forwade Site Services Ltd

| Registered office: 4 Redcote Lane, Kirkstall, Leeds, West Yorkshire, LS4 2AL

| Nature of business: demolition services

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Forwade Site Services Ltd was exempt from the requirements of the Companies Act 2006 relating to the audit of its individual accounts by virtue of section 479A.

15. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 327,199 |  |

| Additions | 37,594 |  |

| Revaluations | 10,207 |  |

| At 31 March 2025 | 375,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 375,000 |  |

| At 31 March 2024 | 327,199 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 10,207 |  |

| Cost | 364,793 |  |

375,000 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

15. | INVESTMENT PROPERTY - continued

| Group

| Investment property was valued on an open market basis on 5 August 2025 by Bramleys Estate Agents .

16. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | - |  | 13,998 |  |

| Raw materials | 81,512 |  | 66,560 |  |

81,512 |  | 80,558 |  |

17. | DEBTORS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 2,170,926 |  | 1,511,679 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 1,032,415 |  | - |  |

| Amounts owed by participating interests | 5,396,026 |  | 5,171,902 |  | 2,700,000 |  | 2,880,000 |  |

| Amounts recoverable on contracts | 1,022,747 |  | 970,221 |  | - |  | - |  |

| Other debtors | - |  | 2,765 |  | - |  | - |  |

| CIS Debtor | - |  | 10,863 |  | - |  | - |  |

| Tax | 21,127 |  | 47,978 |  | - |  | - |  |

| VAT | - |  | - |  | 100 |  | 1,840 |  |

| Deferred tax asset | - |  | - |  | 1,803 |  | - |  |

| Prepayments and accrued income | 139,438 |  | 74,790 |  | - |  | - |  |

8,750,264 |  | 7,790,198 |  | 3,734,318 |  | 2,881,840 |  |

| Amounts falling due after more than one year: |

| Trade debtors | - |  | 120,000 |  | - |  | - |  |

| Aggregate amounts | 8,750,264 |  | 7,910,198 |  | 3,734,318 |  | 2,881,840 |  |

18. | CASH AT BANK AND IN HAND

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank account no. 1 | 65,556 |  | 184,072 |  | 9,228 |  | - |  |

| Bank account no. 2 | 558,691 |  | 812,670 |  | 2,225 |  | 250,000 |  |

| Bank account no. 3 | 183 |  | 250,000 |  | 183 |  | 250,000 |  |

| Cash in hand | 13 |  | - |  | - |  | - |  |

624,443 |  | 1,246,742 |  | 11,636 |  | 500,000 |  |

| The Group has an overdraft facility which is secured by a debenture over all assets of the Group dated 13 November 2003.

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Hire purchase contracts (see note 21) | 41,715 |  | 13,843 |  | 41,715 |  | - |  |

| Trade creditors | 1,847,074 |  | 911,095 |  | - |  | 10,800 |  |

| Amounts owed to group undertakings | - |  | - |  | - |  | 502,238 |  |

| Amounts owed to participating interests | - |  | 417,082 |  | - |  | - |  |

| Tax | 426,905 |  | - |  | - |  | - |  |

| Social security and other taxes | 34,275 |  | 31,654 |  | - |  | - |  |

| VAT | 293,609 |  | 320,955 |  | - |  | - |  |

| Other creditors | 155,065 |  | 113,388 |  | - |  | - |  |

| Directors' current accounts | 4,920 |  | 188,447 |  | - |  | - |  |

| Accruals and deferred income | 316,400 |  | 417,272 |  | 6,250 |  | 11,370 |  |

3,119,963 |  | 2,413,736 |  | 47,965 |  | 524,408 |  |

| There is a personal guarantee pledged by P A McFadden and a parent company guarantee pledged by McFadden Building & Civil Engineering (Holdings) Limited in respect to the overdraft and credit card facilities, which amounted to £535,000 at 31 March 2025 (2024: £535,000).

| The bank hold a fixed and floating charge as security over the undertakings and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

| Assets held under finance lease contracts are secured on the assets concerned.

| Amounts owed to group undertaking are unsecured, interest free and repayable on demand.

20. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Hire purchase contracts (see note 21) | 13,905 |  | - |  | 13,905 |  | - |  |

| Assets held under finance lease contracts are secured on the assets concerned.

21. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 41,715 |  | 13,843 |  |

| Between one and five years | 13,905 |  | - |  |

55,620 |  | 13,843 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

21. | LEASING AGREEMENTS - continued

| Company

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 41,715 |  | - |  |

| Between one and five years | 13,905 |  | - |  |

55,620 |  | - |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 8,531 |  | 11,140 |  |

| Between one and five years | 8,069 |  | 14,847 |  |

16,600 |  | 25,987 |  |

| Operating lease payments represent rentals payables by the Group for certain motor vehicles and are charged to the profit and loss on a straight line basis over the lease term. The average lease term is three years and provide no option to purchase at the end of the lease period.

| Finance lease payments represent rentals payable by the Group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is two years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

22. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Hire purchase contracts | 55,620 |  | - |  | 55,620 |  | - |  |

| All assets held on HP are secured on the assets they relate to.

23. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax | 111,614 |  | 60,132 |  | - |  | 12,557 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 60,132 |  |

| Charge to Income Statement during year | 51,482 |  |

| Balance at 31 March 2025 | 111,614 |  |

| McFadden Building & Civil Engineering |

| (Holdings) Limited (Registered number: 12642515) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

23. | PROVISIONS FOR LIABILITIES - continued

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 12,557 |  |

| Provided during year | (14,360 | ) |

| Balance at 31 March 2025 | (1,803 | ) |

24. | CALLED UP SHARE CAPITAL

| Allotted,issued and fully paid: |  |  |

| Number: |  | Class: |  | Nominal |  | 2025 |  | 2024 |  |

|  | Value: |  | £ |  | £ |  |

| 300 |  | A Ordinary |  | £1 |  | 300 |  | 270 |  |

| 300 |  | B Ordinary |  | £1 |  | 300 |  | 270 |  |

| 400 |  | C Ordinary |  | £1 |  | 400 |  | 380 |  |

| NIL |  | D Ordinary |  | £1 |  | - |  | 80 |  |

|  | 1,000 |  | 1,000 |  |

| The shares rank pari passu in respect of dividends, voting rights and distribution of capital in the event of a sale or a winding up.

25. | PENSION COMMITMENTS

| The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £8,948 (2024: £8,867). Contributions totalling £1,060 (2024: £805) were payable into the fund at the balance sheet date.

26. | RELATED PARTY DISCLOSURES

| The Group and parent company has taken advantage of the exemption permitted by section 33 'Related Party Disclosures' of Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland' from the requirement to disclose transactions between wholly owned group companies on the grounds that the consolidated financial statements are prepared by the ultimate parent company.

| At 31 March 2025 the Group owed other directors £4,920 (2024: £188,447). This amount is included within creditors falling due within one year.

| At 31 March 2025 the Group was owed £5,396,026 (2024: £5,171,902) from related companies and the Group owed £nil (2024: £417,082) to other related companies. These amounts are included within debtors falling due within one year.

| Key management personnel remuneration is included within the directors' remuneration note within the financial statements.

| Leasehold property is held on land owned by a company under common control at nil consideration.

27. | ULTIMATE CONTROLLING PARTY

| The directors consider there to be no single ultimate controlling party.