IRIS Accounts Production v25.4.0.155 08953688 Board of Directors 31.3.25 1.4.24 31.3.25 31.3.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. property developers and property rental. true true false true true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08953688 2024-03-31 08953688 2025-03-31 08953688 2024-04-01 2025-03-31 08953688 2023-03-31 08953688 2023-04-01 2024-03-31 08953688 2024-03-31 08953688 ns15:EnglandWales 2024-04-01 2025-03-31 08953688 ns14:PoundSterling 2024-04-01 2025-03-31 08953688 ns10:Director1 2024-04-01 2025-03-31 08953688 ns10:Consolidated 2025-03-31 08953688 ns10:ConsolidatedGroupCompanyAccounts 2024-04-01 2025-03-31 08953688 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns10:MediumEntities 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns10:Audited 2024-04-01 2025-03-31 08953688 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08953688 ns10:Consolidated 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08953688 ns10:FullAccounts 2024-04-01 2025-03-31 08953688 ns10:Director2 2024-04-01 2025-03-31 08953688 ns10:CompanySecretary1 2024-04-01 2025-03-31 08953688 ns10:RegisteredOffice 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns5:ContinuingOperations 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns5:DiscontinuedOperations 2024-04-01 2025-03-31 08953688 ns10:Consolidated ns5:ContinuingOperations 2023-04-01 2024-03-31 08953688 ns10:Consolidated ns5:DiscontinuedOperations 2023-04-01 2024-03-31 08953688 ns10:Consolidated 2023-04-01 2024-03-31 08953688 ns5:CurrentFinancialInstruments 2025-03-31 08953688 ns5:CurrentFinancialInstruments 2024-03-31 08953688 ns5:ShareCapital 2025-03-31 08953688 ns5:ShareCapital 2024-03-31 08953688 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 08953688 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 08953688 ns5:ShareCapital 2023-03-31 08953688 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 08953688 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08953688 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 08953688 1 2024-04-01 2025-03-31 08953688 ns5:NetGoodwill 2024-04-01 2025-03-31 08953688 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 08953688 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08953688 ns5:PlantMachinery 2024-04-01 2025-03-31 08953688 ns5:FurnitureFittings 2024-04-01 2025-03-31 08953688 ns5:MotorVehicles 2024-04-01 2025-03-31 08953688 ns5:CostValuation 2024-03-31 08953688 ns5:AdditionsToInvestments 2025-03-31 08953688 ns5:CostValuation 2025-03-31

REGISTERED NUMBER: 08953688 (England and Wales)

| Wepre Holdings Ltd |

| Group Strategic Report, |

| Report of the Directors and |

| Consolidated Financial Statements |

| for the Year Ended 31 March 2025 |

| Wepre Holdings Ltd (Registered number: 08953688) |

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 | 8 |

| Consolidated Other Comprehensive Income | 10 |

| Consolidated Balance Sheet | 11 |

| Company Balance Sheet | 12 |

| Consolidated Statement of Changes in Equity | 13 |

| Company Statement of Changes in Equity | 14 |

| Consolidated Cash Flow Statement | 15 |

| Notes to the Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Financial Statements | 17 |

| Wepre Holdings Ltd |

Company Information

for the year ended 31 March 2025

| DIRECTORS: | Mrs S Roberts

| Mr I Roberts

| SECRETARY: | Mrs S Roberts

| REGISTERED OFFICE: | Wepre House

| Lon Parcwr Business Park

| Ruthin

| LL15 1NJ

| REGISTERED NUMBER: | 08953688 (England and Wales)

| AUDITORS: | Salisbury & Company Business Solutions Limited

| Statutory Auditors

| Chartered Accountants

| Irish Square

| Upper Denbigh Road

| St Asaph

| Denbighshire

| LL17 0RN

| Wepre Holdings Ltd (Registered number: 08953688) |

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.

The directors are confident in the financial strength of the group.

The group's closing cash reserves as of 31 March 2025 was £2,154,644.

The group balance sheet is extremely strong and shows a net current asset position of £12,717,149 with a total net asset value of £16,278,208.

REVIEW OF BUSINESS

Roberts Estates Limited and Wepre Developments Limited

These two companies owned the group's residential investment properties. In line with our strategic plan, we have continued to dispose of the residential portfolio properties. Virtually all the portfolio has now been disposed of.

The cash position in both companies is extremely strong. Both companies are debt free.

The board of directors is currently considering different options to utilise the cash reserves of both companies.

Roberts Homes Limited

This company operates the construction division of the group.

The company has continued to contribute profit to the group.

The company continues to search for attractive opportunities, either residential or commercial.

Like much of the construction industry, the company has experienced excessive delays in acquiring planning permissions.

The residential market is still subdued in comparison to previous years but if interest rates start to reduce the directors expect the market to strengthen substantially.

The company is well placed to take advantage of improving market conditions.

Currently the company has approximately 120 building plots either in the planning process or being held in its land bank.

There is no external debt within the company.

Pool Park Limited

The total assets of the company were disposed of at a profit prior to the financial year end.

Ty'n Y Mynydd Farm Limited

The group acquired the whole share capital of this company during the financial year. The directors are currently appraising opportunities relating to the development of the land and buildings owned by Ty'n Y Mynydd Farm Limited.

| Wepre Holdings Ltd (Registered number: 08953688) |

Group Strategic Report

for the year ended 31 March 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Credit risk

The directors are satisfied that the credit risk is adequately managed, and the level of bad debt is consistent with the nature of the business. Debtors are reviewed on a regular basis to ensure potential bad debts are dealt with in a timely and appropriate manner.

Recoverability of debtor balances has been discussed by the directors and it is their opinion that these balances do not represent a financial risk to the company.

Interest rate exposure

Group trading is financed solely by its own cash reserves. The group is not exposed to bank interest rate fluctuations.

Liquidity risk

The directors are confident that the group holds sufficient cash reserves to service the group's working capital requirements.

Market risk

The property market and related economic and financial conditions are important factors which could influence the performance of the group's speculative housing division.

FUTURE DEVELOPMENTS

The directors continue to focus on operational profitability to ensure the group balance sheet remains strong.

ON BEHALF OF THE BOARD:

Mr I Roberts - Director

8 December 2025

| Wepre Holdings Ltd (Registered number: 08953688) |

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.

DIVIDENDS

An interim dividend of 1.07 pound per share was paid on 31 March 2025. Total distribution of dividend for the year ended 31 March 2025 will be £90,000.

DIRECTORS

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

Mrs S Roberts

Mr I Roberts

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, Salisbury & Company Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr I Roberts - Director

8 December 2025

Report of the Independent Auditors to the Members of

Wepre Holdings Ltd

Opinion

We have audited the financial statements of Wepre Holdings Ltd (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

Wepre Holdings Ltd

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:

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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned in accordance with ISA (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the group and the industry in which it operates through our general commercial and sector experience and discussions with management. We determined that the following laws and regulations were most significant: The Companies Act 2006, FRS 102 the 'Financial Reporting Standards applicable in the UK and Republic of Ireland' and relevant UK tax legislation. In addition, we concluded that there are certain laws and regulations that may have an effect on the determination of the amounts and disclosures within the financial statements such as Health and Safety laws and regulations.

We assessed the susceptibility of the group's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations or fraud;

- Obtaining an understanding of the internal controls that management have in place to prevent and detect fraud;

- Challenging assumptions and judgements made by management in its significant accounting estimates;

- Reviewing the financial statement disclosures and assessing the appropriateness of the accounting policies used;

- Identifying and testing journal entries, in particular manual or unusual entries;

- Obtaining third party confirmations of all the companies banking arrangements;

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

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting.

The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagements team's knowledge of the industry in which the client operates in and understanding of, and practical experience with, audit engagements of a similar nature and complexity through appropriate training and participation.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud 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 located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

Wepre Holdings Ltd

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters 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.

Jeremy Salisbury (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

8 December 2025

| Wepre Holdings Ltd (Registered number: 08953688) |

Consolidated

Income Statement

for the year ended 31 March 2025

| 2025 |  | 2025 |  | 2025

| Continuing |  | Discontinued |  | Total |

| Notes | £ | £ | £ |

TURNOVER | 3 | 632,473 |  | - |  | 632,473 |  |

Cost of sales | (553,938 | ) | - |  | (553,938 | ) |

GROSS PROFIT | 78,535 |  | - |  | 78,535 |  |

Administrative expenses | (644,818 | ) | - |  | (644,818 | ) |

(566,283 | ) | - |  | (566,283 | ) |

Other operating income | 412,465 |  | - |  | 412,465 |  |

OPERATING LOSS | 5 | (153,818 | ) | - |  | (153,818 | ) |

Interest receivable and similar income | 245,274 |  | - |  | 245,274 |  |

Gain/loss on revaluation of assets | (13,000 | ) | - |  | (13,000 | ) |

PROFIT BEFORE TAXATION | 78,456 |  | - |  | 78,456 |  |

Tax on profit | 7 | (32,225 | ) | - |  | (32,225 | ) |

PROFIT FOR THE FINANCIAL YEAR | 46,231 |  | - |  | 46,231 |  |

Profit attributable to:

Owners of the parent | 46,231 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Consolidated

Income Statement

for the year ended 31 March 2025

| 2024 |  | 2024 |  | 2024

| Continuing |  | Discontinued |  | Total |

| Notes | £ | £ | £ |

TURNOVER | 3 | 2,052,259 |  | 7,599,877 |  | 9,652,136 |  |

Cost of sales | (1,775,821 | ) | (5,901,640 | ) | (7,677,461 | ) |

GROSS PROFIT | 276,438 |  | 1,698,237 |  | 1,974,675 |  |

Administrative expenses | (656,497 | ) | (946,730 | ) | (1,603,227 | ) |

(380,059 | ) | 751,507 |  | 371,448 |  |

Other operating income | 92,374 |  | 34,249 |  | 126,623 |  |

OPERATING (LOSS)/PROFIT | 5 | (287,685 | ) | 785,756 |  | 498,071 |  |

Interest receivable and similar income | 120,950 |  | - |  | 120,950 |  |

Gain/loss on revaluation of assets | 105,050 |  | - |  | 105,050 |  |

Interest payable and similar expenses | 6 | (5,969 | ) | (777 | ) | (6,746 | ) |

(LOSS)/PROFIT BEFORE TAXATION | (67,654 | ) | 784,979 |  | 717,325 |  |

Tax on (loss)/profit | 7 | (87,071 | ) | (209,820 | ) | (296,891 | ) |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR | (154,725 | ) | 575,159 |  | 420,434 |  |

(Loss)/profit attributable to:

Owners of the parent | 420,434 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Consolidated

Other Comprehensive Income

for the year ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 46,231 |  | 420,434 |  |

OTHER COMPREHENSIVE INCOME |

Disposal of Robert Homes (North Wales) | - |  | (4,389,366 | ) |

Profit and loss account | 89,465 |  | (1,154,015 | ) |

Revaluation reserve | 5,000 |  | - |  |

Fair value reserve | (94,465 | ) | - |  |

Income tax relating to components of other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | (5,543,381 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 46,231 |  | (5,122,947 | ) |

Total comprehensive income attributable to:

Owners of the parent | 46,231 |  | (5,122,947 | ) |

| Wepre Holdings Ltd (Registered number: 08953688) |

Consolidated Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 2,220,584 |  | 2,310,541 |  |

Investments | 11 | - |  | - |  |

Investment property | 12 | 1,567,903 |  | 1,207,893 |  |

3,788,487 |  | 3,518,434 |  |

CURRENT ASSETS

Stocks | 13 | 7,777,991 |  | 6,693,230 |  |

Debtors | 14 | 3,497,030 |  | 1,747,801 |  |

Cash at bank and in hand | 2,154,645 |  | 5,146,373 |  |

13,429,666 |  | 13,587,404 |  |

CREDITORS

Amounts falling due within one year | 15 | 712,516 |  | 535,510 |  |

NET CURRENT ASSETS | 12,717,150 |  | 13,051,894 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,505,637 |  | 16,570,328 |  |

PROVISIONS FOR LIABILITIES | 16 | 227,428 |  | 248,350 |  |

NET ASSETS | 16,278,209 |  | 16,321,978 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 2,106 |  | 2,106 |  |

Share premium | 18 | 15,378,300 |  | 15,378,300 |  |

Revaluation reserve | 18 | 229,794 |  | 224,794 |  |

Fair value reserve | 18 | 189,728 |  | 284,193 |  |

Retained earnings | 18 | 478,281 |  | 432,585 |  |

SHAREHOLDERS' FUNDS | 16,278,209 |  | 16,321,978 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr I Roberts - Director

| Wepre Holdings Ltd (Registered number: 08953688) |

Company Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 2,107 |  | 2,104 |  |

Investment property | 12 | - |  | - |  |

2,107 |  | 2,104 |  |

CURRENT ASSETS

Cash at bank and in hand | 10,778 |  | 10,780 |  |

CREDITORS

Amounts falling due within one year | 15 | 115,924 |  | 97,923 |  |

NET CURRENT LIABILITIES | (105,146 | ) | (87,143 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (103,039 | ) | (85,039 | ) |

CAPITAL AND RESERVES

Called up share capital | 17 | 2,106 |  | 2,106 |  |

Retained earnings | (105,145 | ) | (87,145 | ) |

SHAREHOLDERS' FUNDS | (103,039 | ) | (85,039 | ) |

Company's profit for the financial year | 72,000 |  | 305,045 |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr I Roberts - Director

| Wepre Holdings Ltd (Registered number: 08953688) |

Consolidated Statement of Changes in Equity

for the year ended 31 March 2025

| Called up |

| share |  | Retained |  | Share

| capital |  | earnings |  | premium

£ | £ | £ |

Balance at 1 April 2023 | 2,106 |  | 4,521,517 |  | 15,378,300 |  |

Changes in equity

Dividends | - |  | (120,000 | ) | - |  |

Total comprehensive income | - |  | (3,968,932 | ) | - |  |

Balance at 31 March 2024 | 2,106 |  | 432,585 |  | 15,378,300 |  |

Changes in equity

Dividends | - |  | (90,000 | ) | - |  |

Total comprehensive income | - |  | 135,696 |  | - |  |

Balance at 31 March 2025 | 2,106 |  | 478,281 |  | 15,378,300 |  |

| Fair |

| Revaluation |  | value |  | Total

| reserve |  | reserve |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 946,739 |  | 716,263 |  | 21,564,925 |  |

Changes in equity

Dividends | - |  | - |  | (120,000 | ) |

Total comprehensive income | (721,945 | ) | (432,070 | ) | (5,122,947 | ) |

Balance at 31 March 2024 | 224,794 |  | 284,193 |  | 16,321,978 |  |

Changes in equity

Dividends | - |  | - |  | (90,000 | ) |

Total comprehensive income | 5,000 |  | (94,465 | ) | 46,231 |  |

Balance at 31 March 2025 | 229,794 |  | 189,728 |  | 16,278,209 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Company Statement of Changes in Equity

for the year ended 31 March 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 2,106 |  | (72,145 | ) | (70,039 | ) |

Changes in equity

Dividends | - |  | (320,045 | ) | (320,045 | ) |

Total comprehensive income | - |  | 305,045 |  | 305,045 |  |

Balance at 31 March 2024 | 2,106 |  | (87,145 | ) | (85,039 | ) |

Changes in equity

Dividends | - |  | (90,000 | ) | (90,000 | ) |

Total comprehensive income | - |  | 72,000 |  | 72,000 |  |

Balance at 31 March 2025 | 2,106 |  | (105,145 | ) | (103,039 | ) |

| Wepre Holdings Ltd (Registered number: 08953688) |

Consolidated Cash Flow Statement

for the year ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (2,817,374 | ) | 942,726 |  |

Interest paid | - |  | (6,746 | ) |

Tax paid | (70,585 | ) | (476,132 | ) |

Net cash from operating activities | (2,887,959 | ) | 459,848 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | - |  | (66,990 | ) |

Purchase of investment property | (678,010 | ) | - |  |

Sale of intangible fixed assets | - |  | 3 |  |

Sale of tangible fixed assets | 12,000 |  | 1 |  |

Sale of fixed asset investments | 3,000 |  | 192,545 |  |

Sale of investment property | 305,000 |  | 2,077,400 |  |

Interest received | 245,274 |  | 120,950 |  |

Net cash from investing activities | (112,736 | ) | 2,323,909 |  |

Cash flows from financing activities

Amount introduced by directors | 98,967 |  | 395 |  |

Amount withdrawn by directors | - |  | (318,787 | ) |

Equity dividends paid | (90,000 | ) | (120,000 | ) |

Net cash from financing activities | 8,967 |  | (438,392 | ) |

(Decrease)/increase in cash and cash equivalents | (2,991,728 | ) | 2,345,365 |  |

Cash and cash equivalents at beginning of year | 2 | 5,146,373 |  | 2,801,008 |  |

Cash and cash equivalents at end of year | 2 | 2,154,645 |  | 5,146,373 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

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 | 78,456 |  | 717,325 |  |

| Depreciation charges | 89,958 |  | 245,094 |  |

| (Profit)/loss on disposal of fixed assets | (15,000 | ) | 7,500 |  |

| Loss/(gain) on revaluation of fixed assets | 13,000 |  | (105,050 | ) |

| Amounts owed by related party | (2,385,780 | ) | (1,700,744 | ) |

- |  | (200,045 | ) |

| Finance costs | - |  | 6,746 |  |

| Finance income | (245,274 | ) | (120,950 | ) |

(2,464,640 | ) | (1,150,124 | ) |

| (Increase)/decrease in stocks | (1,084,761 | ) | 1,626,649 |  |

| Decrease/(increase) in trade and other debtors | 731,315 |  | (1,077,506 | ) |

| Increase in trade and other creditors | 712 |  | 1,543,707 |  |

| Cash generated from operations | (2,817,374 | ) | 942,726 |  |

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 | 2,154,645 |  | 5,146,373 |  |

| Year ended 31 March 2024

| 31/3/24 |  | 1/4/23

£ | £ |

| Cash and cash equivalents | 5,146,373 |  | 2,801,008 |  |

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 | 5,146,373 |  | (2,991,728 | ) | 2,154,645 |  |

5,146,373 |  | (2,991,728 | ) | 2,154,645 |  |

| Total | 5,146,373 |  | (2,991,728 | ) | 2,154,645 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention, modified to include the revaluation investment properties at fair value. The principal accounting policies adopted are set out below.

| Going concern

| The directors have renewed and approved detailed financial projections including cash flow forecasts for the period to December 2025. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the period to December 2025.

| Basis of consolidation

| The consolidated financial statements incorporate those of Wepre Holdings Limited and all of its subsidiaries (i.e. entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

| All financial statements are made up to 31 March 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| The cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill.

| The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date.

| Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date.

| Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to 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.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

| Investment property valuation

| The company use third party valuations for the investment property portfolio where available. Where this information is not available the directors review relevant market data to estimate the market value of the properties.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

| Turnover for the provision of care home services and residential investment property services is recognised on a straight-line basis over the service period. Turnover from other ancillary services is recognised at the point in time that the service is provided to the resident or tenant.

| Turnover from provision of construction services is accumulated in WIP and released to the P&L on sale of properties.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

| Intangible assets

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

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Plant and machinery | - | 15% to 25% on cost

| Fixtures and fittings | - | 30% on cost and 20% on reducing balance

| Motor vehicles | - | 25% on cost and 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss

| Taxation

| The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.

| Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity.

| Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.

| Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.

| Deferred tax

| Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.

| Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.

| Deferred tax is recognised on income and expenses from subsidiaries, that will be assessed to or allow for tax in a future period except where the group is able to control the reversal of the timing difference and it is probable that the timing difference will not reverse in the foreseeable future.

| Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination and the amounts that can be deducted or assessed for tax. The deferred tax recognised is adjusted against goodwill.

| For non-depreciable assets measured using the revaluation model and investment properties measured at fair value (except investment property with a limited useful life held by the group to consume substantially all of its economic benefit), deferred tax is measured using the tax rates and allowances that apply to the sale of the asset or property.

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

| Pension costs and other post-retirement benefits

| For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

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

| Investment properties

| Fixed asset investments

| In the separate accounts of the company, interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

| A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

| Impairment of fixed assets

| At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Wepre Holdings Ltd (Registered number: 08953688) |

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' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the group becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset and 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

| Other financial assets

| Other financial assets, including trade investments, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of 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 deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the group's contractual obligations are discharged, cancelled, or they expire.

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Equity instruments

| Equity instruments issued by the group are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

| Government grants

| Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

| A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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

£ | £ |

| Resident fees | - |  | 7,599,876 |  |

| Rental income | 82,249 |  | 82,438 |  |

| Construction | 550,224 |  | 1,969,822 |  |

632,473 |  | 9,652,136 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 632,473 |  | 9,652,136 |  |

632,473 |  | 9,652,136 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 316,031 |  | 5,524,754 |  |

| Social security costs | 27,330 |  | 309,603 |  |

| Other pension costs | 13,208 |  | 60,398 |  |

356,569 |  | 5,894,755 |  |

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

| 2025 |  | 2024

| Nursing homes staff | - |  | 153 |  |

| Administrative staff | 16 |  | 16 |  |

16 |  | 169 |  |

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

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

5. | OPERATING (LOSS)/PROFIT

| The operating loss (2024 - operating profit) is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | - |  | 2,083 |  |

| Depreciation - owned assets | 89,957 |  | 231,544 |  |

| (Profit)/loss on disposal of fixed assets | (15,000 | ) | 7,500 |  |

| Goodwill amortisation | - |  | 13,550 |  |

| Auditors' remuneration | 18,000 |  | 15,000 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | - |  | 5,969 |  |

| Interest on overdue tax | - |  | 777 |  |

- |  | 6,746 |  |

7. | 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 | 53,147 |  | 276,093 |  |

| Deferred tax | (20,922 | ) | 20,798 |  |

| Tax on profit | 32,225 |  | 296,891 |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 78,456 |  | 717,325 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 19,614 |  | 179,331 |  |

| Effects of:

| Expenses not deductible for tax purposes | 565 |  | 98,847 |  |

| Income not taxable for tax purposes | (3,750 | ) | (31,618 | ) |

| Depreciation in excess of capital allowances | 17,167 |  | 29,533 |  |

| Deferred tax | (20,921 | ) | 20,798 |  |

| Gain on sale of property | 16,300 |  | - |  |

| Gain on revaluation | 3,250 |  | - |  |

| Total tax charge | 32,225 |  | 296,891 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

7. | TAXATION - continued

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Disposal of Robert Homes (North Wales)

| Profit and loss account | 89,465 |  | - |  | 89,465 |  |

| Revaluation reserve | 5,000 |  | - |  | 5,000 |  |

| Fair value reserve | (94,465 | ) | - |  | (94,465 | ) |

- |  | - |  | - |  |

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Disposal of Robert Homes (North Wales) | (4,389,366 | ) | - |  | (4,389,366 | ) |

| Revaluation of investment properties | (1,154,015 | ) | - |  | (1,154,015 | ) |

(5,543,381 | ) | - |  | (5,543,381 | ) |

8. | 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.

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each |

| Interim | - |  | 120,000 |  |

| A Ordinary shares of 1p each |

| Interim | 45,000 |  | - |  |

| B Ordinary shares of 1p each |

| Interim | 45,000 |  | - |  |

90,000 |  | 120,000 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | 2,374,471 |  | 136,539 |  | 650 |  |

| Disposals | - |  | - |  | - |  |

| At 31 March 2025 | 2,374,471 |  | 136,539 |  | 650 |  |

| DEPRECIATION

| At 1 April 2024 | 192,344 |  | 101,686 |  | 650 |  |

| Charge for year | 46,949 |  | 10,965 |  | - |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 March 2025 | 239,293 |  | 112,651 |  | 650 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,135,178 |  | 23,888 |  | - |  |

| At 31 March 2024 | 2,182,127 |  | 34,853 |  | - |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 228,603 |  | 19,605 |  | 2,759,868 |  |

| Disposals | (20,000 | ) | - |  | (20,000 | ) |

| At 31 March 2025 | 208,603 |  | 19,605 |  | 2,739,868 |  |

| DEPRECIATION

| At 1 April 2024 | 135,042 |  | 19,605 |  | 449,327 |  |

| Charge for year | 32,043 |  | - |  | 89,957 |  |

| Eliminated on disposal | (20,000 | ) | - |  | (20,000 | ) |

| At 31 March 2025 | 147,085 |  | 19,605 |  | 519,284 |  |

| NET BOOK VALUE

| At 31 March 2025 | 61,518 |  | - |  | 2,220,584 |  |

| At 31 March 2024 | 93,561 |  | - |  | 2,310,541 |  |

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024 | 2,104 |  |

| Additions | 3 |  |

| At 31 March 2025 | 2,107 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,107 |  |

| At 31 March 2024 | 2,104 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

12. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 1,207,893 |  |

| Additions | 678,010 |  |

| Disposals | (305,000 | ) |

| Revaluations | (13,000 | ) |

| At 31 March 2025 | 1,567,903 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,567,903 |  |

| At 31 March 2024 | 1,207,893 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2022 | 8,008,394 |  |

| Valuation in 2023 | (4,828,151 | ) |

| Valuation in 2024 | (1,972,350 | ) |

| Valuation in 2025 | 360,010 |  |

1,567,903 |  |

| Investment properties were valued on an open market basis on 31st March 2025 by the directors.

13. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Work-in-progress | 7,777,991 |  | 6,693,230 |  |

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

| Group |

2025 | 2024 |

£ | £ |

| Trade debtors | 13,888 |  | 54,947 |  |

| Amounts owed by related parties | 2,579,532 |  | - |  |

| Other debtors | 854,971 |  | 1,513,050 |  |

| Directors' current accounts | - |  | 98,967 |  |

| Prepayments | 48,639 |  | 80,837 |  |

3,497,030 |  | 1,747,801 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade creditors | 103,485 |  | 56,529 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 100,924 |  | 82,923 |  |

| Amounts owed to related parties | 489,417 |  | 295,685 |  | - |  | - |  |

| Tax | 53,075 |  | 70,513 |  | - |  | - |  |

| Social security and other taxes | 12,642 |  | 6,282 |  | - |  | - |  |

| VAT | 31,977 |  | 72,027 |  | - |  | - |  |

| Other creditors | 5,921 |  | 4,174 |  | - |  | - |  |

| Accruals and deferred income | - |  | 6,000 |  | - |  | - |  |

| Accrued expenses | 15,999 |  | 24,300 |  | 15,000 |  | 15,000 |  |

712,516 |  | 535,510 |  | 115,924 |  | 97,923 |  |

16. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Deferred tax | 228,460 |  | 249,460 |  |

| Deferred tax asset | (1,032 | ) | (1,110 | ) |

227,428 |  | 248,350 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 248,350 |  |

| Provided during year | (20,922 | ) |

| Balance at 31 March 2025 | 227,428 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number |  | Class |  | Nominal Value |  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| 210,600 |  | Ordinary |  | 1p |  |  | 2,106 |  |

| 42,120 |  | Ordinary A |  | 1p |  | 421.20 |  |

| 42,120 |  | Ordinary B |  | 1p |  | 421.20 |  |

| 42,120 |  | Ordinary C |  | 1p |  | 421.20 |  |

| 42,120 |  | Ordinary D |  | 1p |  | 421.20 |  |

| 42,120 |  | Ordinary E |  | 1p |  | 421.20 |  |

|  | 2,106 |  | 2,106 |  |

| Wepre Holdings Ltd (Registered number: 08953688) |

Notes to the Consolidated Financial Statements - continued

for the year ended 31 March 2025

18. | RESERVES

| Group

| Fair |

| Retained |  | Share |  | Revaluation |  | value |

| earnings |  | premium |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ | £ |

| At 1 April 2024 | 432,585 |  | 15,378,300 |  | 224,794 |  | 284,193 |  | 16,319,872 |  |

| Profit for the year | 46,231 |  | 46,231 |  |

| Dividends | (90,000 | ) | (90,000 | ) |

| Transfer | 89,465 |  | - |  | 5,000 |  | (94,465 | ) | - |  |

| At 31 March 2025 | 478,281 |  | 15,378,300 |  | 229,794 |  | 189,728 |  | 16,276,103 |  |

| Share premium

| Consideration received for shares issued above their nominal value net of transaction costs on the transfer of Roberts Estates partnership assets and liabilities to Roberts Estates Limited.

| Profit and loss reserves

| Cumulative profit and loss net of distributions to owners.

| Other reserves

| The cumulative revaluation gains and losses in respect of investment properties.

19. | RELATED PARTY DISCLOSURES

| Roberts Homes (North Wales) Ltd.

| A company controlled by Mr I Roberts & Mrs S Roberts. As at 31st March 2025 the group owed Roberts Homes (North Wales) Ltd £2,090,115.

20. | SUBSIDIARIES

| Details of the company's subsidiaries at 31 March 2025 are as follows:

| Name of undertaking |  | Registered Office |  | Nature of business |  | Class of shares held |  | % Held Direc t |  | % Held Indirect |  |

| Pool Park Ltd |  | 1 |  | Dormant |  | Ordinary |  | 100.00 |  |

| Roberts Estates Ltd |  | 1 |  | Property developers & property investment |  | Ordinary |  | 100.00 |  |  |

| Roberts Homes Ltd |  | 1 |  | Property development & construction |  | Ordinary |  | 100.00 |  |  |

| Wepre Development Ltd |  | 1 |  | Property developers & property investment |  | Ordinary |  | 100.00 |  |  |

| Ty'n Y Mynydd Farm Ltd |  | 1 |  | Property developers & property investment |  | Ordinary |  | 100.00 |  |  |

| 1 All companies operate from the same registered office being Wepre House, Lon Parcwr Business Park, Ruthin, Denbighshire, LL15 1NJ.

21. | DISCONTINUED OPERATIONS

| Group

| The group sold its investment in Robert Homes (North Wales) Ltd, a company that operated three care homes in North Wales, on 21st March 2024. For the year ended 31st March 2024 the company contributed post-tax profits of £575,159 to the group. The net assets at date of disposal were £5,543,476, no profit or loss on disposal was recognised in the profit and loss account.