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REGISTERED NUMBER: 08743442 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STAR PLATFORMS LIMITED

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Statement of Comprehensive Income | 7 |

| Balance Sheet | 8 |

| Statement of Changes in Equity | 9 |

| Notes to the Financial Statements | 10 |

| STAR PLATFORMS LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | P Munjal

| S Seth

| REGISTERED OFFICE: | Unit 2 Charnwood Edge Business Park

| Syston Road

| Cossington

| United Kingdom

| LE7 4UZ

| REGISTERED NUMBER: | 08743442 (England and Wales)

| AUDITORS: | Magma Audit LLP

| 16 Davy Court

| Castle Mound Way

| Rugby, CV23 0UZ

| Magma Audit LLP is part

| Of the Dains Group

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

STRATEGIC REPORT

for the year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Fair review of the business and company development

The company's principal activity during the year continued to be that of powered access hire, sales, and training.

Profit on ordinary activities before taxation for the year ended 31 March 2025 was £1,707,334. Total equity at the year end was £9,701,065- a 12.9% increase on the 31 March 2024 figure (£8,593,731). The company had net current liabilities of £4,700,243 (2024: £4,394,750) and net assets of £9,606,586 (2024: £8,593,731) as at 31 March 2025.

Despite the Company being impacted by continuing delays in major projects, caused by industry-wide cost increases and high interest rates, the performance over the financial year has been strong. Total fleet holding has increased from an average of 3,545 machines to 4,283, spread across our depot network supporting our nationwide service. Utilisation levels have also remained strong.

Strategy

The company will continue to use its reputation within the market to build a profitable customer base. It is always open to the idea of further expansion and will consider opening additional branches on the proviso it makes business sense.

Due to the nature of current economic conditions, the company will seek to consolidate the current fleet holding. However, we will continue to invest in capital equipment to further enhance fleet offering when we feel it is the correct decision both commercially and financially.

The company also recognises the importance of its staff and staff retention. The aim is always to be the employer of choice within the industry. Wages and working conditions therefore reflect this and the staff enjoy several benefits, including bonuses, private health care, excellent holiday entitlement and promotion opportunities as the company looks to promote from within.

Key Performance Indicators ('KPIs')

As well as turnover and profitability the company also monitors its plant hire utilisation. It considers a utilisation level of 70% is needed to enable the company to continue to grow at a manageable rate. The company also uses return on capital employed as a key performance indicator, particularly the payback period of individual fleet items.

The combination of both utilisation and payback allows the company to make informed decisions on what areas of the fleet offering need further investment.

Principal risks and uncertainties

Along with high interest rates and a highly competitive trading environment, flat growth in the wider economy poses the greatest challenge to the company and the hire industry at large. Despite the company's strong performance for the year, the prospect of the UK facing sluggish growth is very real. This is exacerbated by uncertainty in the outlook for future taxation policy that will be announced by the government in the autumn budget. Despite this, the directors remain confident that the company can continue to strengthen its current level of performance and has the procedures, polices and internal controls in place to mitigate any potential risk.

Environment

The company's suite of accreditations such as FORS Silver, CLOCS, ISO 14001:2015, ISO 45001:2018, ISO9001:2015 IPAF Rental Plus, CHAS and Safe Hire are all related to managing the company's' environmental impact. Over 85% of the hire fleet is either electric or hybrid, thus further supporting the company's commitment to the environment.

FUTURE DEVELOPMENTS

It remains to be seen if the government's commitment to increase public spending, which will include large-scale construction activities, will materialise. In the meantime, the company will continue to focus on increasing market share further using its current strategy which has been extremely effective to date.

ON BEHALF OF THE BOARD:

P Munjal - Director

26 September 2025

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

REPORT OF THE DIRECTORS

for the year ended 31 March 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of powered access hire, sales and training.

DIVIDENDS

Total dividends of £600,000 (2024: £1,000,000) have been declared during the year but paid after the year ended 31 March 2025.

DIRECTORS

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

P Munjal

S Seth

FINANCIAL INSTRUMENTS

The principal financial instruments of the company comprise bank balances and borrowings, trade creditors, trade debtors and hire purchase contracts. The main purpose of these instruments is to raise funds for the company's operations and to finance its continuing operations. Liquidity risk is managed by the use of bank balances and overdraft facilities along with efficient monitoring and forecasting of cash flow to ensure there are sufficient funds to meet liabilities. Trade debtors are managed in respect of credit and cash flow risk by policies monitoring the credit offered to customers, and regular monitoring of amounts outstanding for both time and credit limits.

POLITICAL DONATIONS AND EXPENDITURE

During the year the company made £7,601 of charitable donations (2024: £7,337).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and 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 transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

REPORT OF THE DIRECTORS

for the year ended 31 March 2025

AUDITORS

The auditors, Magma Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P Munjal - Director

26 September 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STAR PLATFORMS LIMITED

Opinion

We have audited the financial statements of Star Platforms Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 March 2025 and of its 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STAR PLATFORMS LIMITED

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or 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:

Based on our understanding of the Company and the industry, we identified the principle risks of non-compliance with laws and regulations, and considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, health and safety regulations and employment law. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principle risks were related to posting inappropriate journal entries, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

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

- |  | Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, or with unusual descriptions; |

- |  | Challenging assumptions made by management in their significant accounting estimates, in particular the useful economic lives of tangible assets. |

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

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.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

26 September 2025

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

STATEMENT OF COMPREHENSIVE

INCOME

for the year ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 29,732,507 |  | 27,137,733 |  |

Cost of sales | (14,572,809 | ) | (12,169,695 | ) |

GROSS PROFIT | 15,159,698 |  | 14,968,038 |  |

Administrative expenses | (12,863,499 | ) | (12,164,236 | ) |

2,296,199 |  | 2,803,802 |  |

Other operating income | 4 | 180,000 |  | 240,000 |  |

OPERATING PROFIT | 6 | 2,476,199 |  | 3,043,802 |  |

Interest receivable and similar income | 477 |  | 2,875 |  |

2,476,676 |  | 3,046,677 |  |

Interest payable and similar expenses | 7 | (769,342 | ) | (803,644 | ) |

PROFIT BEFORE TAXATION | 1,707,334 |  | 2,243,033 |  |

Tax on profit | 8 | (94,479 | ) | 17,901 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,612,855 |  | 2,260,934 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,612,855 |  | 2,260,934 |  |

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

BALANCE SHEET

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 25,313,026 |  | 25,754,665 |  |

CURRENT ASSETS

Stocks | 11 | 526,154 |  | 486,431 |  |

Debtors | 12 | 6,408,383 |  | 6,149,844 |  |

Cash at bank and in hand | 13,366 |  | 551,329 |  |

6,947,903 |  | 7,187,604 |  |

CREDITORS

Amounts falling due within one year | 13 | (11,648,146 | ) | (11,582,354 | ) |

NET CURRENT LIABILITIES | (4,700,243 | ) | (4,394,750 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 20,612,783 |  | 21,359,915 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (8,908,753 | ) | (10,554,600 | ) |

PROVISIONS FOR LIABILITIES | 17 | (2,097,444 | ) | (2,211,584 | ) |

NET ASSETS | 9,606,586 |  | 8,593,731 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 100 |  | 100 |  |

Retained earnings | 19 | 9,606,486 |  | 8,593,631 |  |

SHAREHOLDERS' FUNDS | 9,606,586 |  | 8,593,731 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

P Munjal - Director

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

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 | 100 |  | 7,332,697 |  | 7,332,797 |  |

Changes in equity

Dividends | - |  | (1,000,000 | ) | (1,000,000 | ) |

Total comprehensive income | - |  | 2,260,934 |  | 2,260,934 |  |

Balance at 31 March 2024 | 100 |  | 8,593,631 |  | 8,593,731 |  |

Changes in equity

Dividends | - |  | (600,000 | ) | (600,000 | ) |

Total comprehensive income | - |  | 1,612,855 |  | 1,612,855 |  |

Balance at 31 March 2025 | 100 |  | 9,606,486 |  | 9,606,586 |  |

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Star Platforms Limited is a limited company, registered in England and Wales. Its registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, United Kingdom, LE7 4UZ and the registered number is 08743442.

| The address of its principle place of business is Kensworth Nurseries, Watling Street, Dunstable, Bedfordshire, LU6 3QT.

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.

| The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within accounting policies below.

| The company's functional and presentational currency is pound sterling.

| Going concern

| The company had net current liabilities of £4,700,243 (2024: £4,394,750) and net assets of £9,606,586 (2024: £8,593,731) as at 31 March 2025. For the year ended 31 March 2025 the company made a profit before tax of £1,707,334 (2024: £2,243,043).

| The directors have prepared forecasts and projections along with an assessment of existing cash resources, profit and cash generation. On this basis the directors deem the company will be able to meet it's liabilities as they fall due for at least 12 months from the signing of these financial statements and have therefore prepared the financial statements on a going concern basis.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

| • | the requirement of paragraph 33.7.

| This information is included in the consolidated financial statements of Sudhir Power (UK) Limited as at 31 March 2025 and these financial statements may be obtained from Companies House.

| Significant judgements and estimates

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| (i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised as described below for the different sales channels:

| (i) Hire and associated income

| Hire income is recognised at the earlier of when the asset is collected or returned to the depot (off-hire invoicing), or at the month end (continuation invoicing), if the asset remains on hire at this date.

| Transport income, damage income and recoveries income are directly tied to the level of hire income and recognised as above.

| (ii) Machine sales

| Machines sales revenue relates to the re-sale of new equipment. No stock is held, as equipment is purchased when sales orders are received and is recognised when the following criteria are met:

| (a) the significant risks and rewards of ownership have been transferred to the buyer;

| (b) the company retains no continuing involvement or control over the goods;

| (c) the amount of revenue can be measured reliably;

| (d) it is probable that future economic benefits will flow to the entity

| (iii) Training

| Training income is earned through the provision of International Powered Access Federation (IPAF) accredited training, which is the industry standard for the safe operation of the equipment and is recognised at the point the training takes place.

| Other income

| Other income is mainly comprised of management charge income from a group company and recognised in the period to which the service provided relates.

| Tangible fixed assets

| Tangible assets are stated at historical cost less depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on a straight line basis.

| Depreciation is provided on the following basis:

| Freehold property |  | - 5 years straight line |  |

| Leasehold land and buildings |  | - 5 years straight line |  |

| Plant and Machinery |  | - 3 to 10 years straight line |  |

| Fixtures and fittings |  | - 5 years straight line |  |

| Motor vehicles |  | - 5 years 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.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

| (i) Financial assets

| Basic financial assets, including trade and other debtors, cash and bank balances, investments and loans to fellow group companies are initially recognised at transaction price, 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.

| Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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.

| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, 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 publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other 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.

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

| Trade creditors are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less.

| Financial liabilities are derecognised when the liability is extinguished, when the contractual obligation is discharged, cancelled or expires.

| (iii) Offsetting

| 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.

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Operating and finance lease commitments

| At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

| (i) Finance leased assets

| Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases.

| Finance leases are capitalised at commencement of the lease as assets at the fair value of the leased asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined the company’s incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

| Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

| The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

| (ii) Operating leased assets

| Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| (iii) Lease incentives

| Incentives received to enter into a finance lease reduce the fair value of the asset and are included in the calculation of present value of minimum lease payments.

| Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight-line basis over the period of the lease.

| Pension costs and other post-retirement benefits

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

| Invoice financing

| The gross amount of invoice financed debts are included in trade debtors and a corresponding liability in respect of proceeds received from factors are shown within current liabilities.

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

3. | TURNOVER

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

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

| 2025 |  | 2024

£ | £ |

| Hire and associated sales | 28,445,766 |  | 26,506,076 |  |

| Machines sales | 889,229 |  | 280,913 |  |

| Training | 397,512 |  | 350,744 |  |

29,732,507 |  | 27,137,733 |  |

| All turnover arises in the UK.

4. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Management charges | 180,000 |  | 240,000 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 7,307,788 |  | 6,875,160 |  |

| Social security costs | 811,042 |  | 762,132 |  |

| Other pension costs | 239,054 |  | 185,782 |  |

8,357,884 |  | 7,823,074 |  |

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

| 2025 |  | 2024

| Administration | 79 |  | 78 |  |

| Engineering and distribution | 99 |  | 90 |  |

178 |  | 168 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

| Key management compensation

| Key management includes the directors and members of senior management. The compensation paid or payable to key management for employee service amounted to £991,877 for the year ended 31 March 2025 (2024: £959,692).

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 5,202,869 |  | 4,900,972 |  |

| Profit on disposal of fixed assets | (180,107 | ) | (141,193 | ) |

| Foreign exchange differences | 506 |  | - |  |

| Operating lease rentals - plant and machinery | 1,459,809 |  | 1,102,870 |  |

| Operating lease rentals - land and buildings | 876,006 |  | 729,479 |  |

| Auditors' remuneration for audit services | 19,100 |  | 17,000 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Loan interest | 83,309 |  | 81,319 |  |

| Hire purchase | 686,033 |  | 722,325 |  |

769,342 |  | 803,644 |  |

8. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 178,824 |  | - |  |

| Adjustment to prior years | 29,795 |  | (43,245 | ) |

| Total current tax | 208,619 |  | (43,245 | ) |

| Deferred tax | (114,140 | ) | 25,344 |  |

| Tax on profit | 94,479 |  | (17,901 | ) |

| Reconciliation of total tax charge/(credit) 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 | 1,707,334 |  | 2,243,033 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 426,834 |  | 560,758 |  |

| Effects of:

| Expenses not deductible for tax purposes | 47,264 |  | 33,721 |  |

| Adjustments to tax charge in respect of previous periods | 30,797 |  | (6,935 | ) |

| Group relief | (413,788 | ) | (607,759 | ) |

| Chargeable gain | 3,372 |  | 2,314 |  |

| Total tax charge/(credit) | 94,479 |  | (17,901 | ) |

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Final | 600,000 |  | 1,000,000 |  |

10. | TANGIBLE FIXED ASSETS

| Long |

| Freehold |  | leasehold |

| land & |  | land & |  | Plant and

| buildings |  | buildings |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 32,831 |  | 1,247,244 |  | 44,764,231 |  |

| Additions | - |  | 188,883 |  | 4,633,203 |  |

| Disposals | - |  | - |  | (518,670 | ) |

| At 31 March 2025 | 32,831 |  | 1,436,127 |  | 48,878,764 |  |

| DEPRECIATION

| At 1 April 2024 | 30,517 |  | 456,543 |  | 20,421,719 |  |

| Charge for year | 1,464 |  | 241,661 |  | 4,795,313 |  |

| Eliminated on disposal | - |  | - |  | (416,472 | ) |

| At 31 March 2025 | 31,981 |  | 698,204 |  | 24,800,560 |  |

| NET BOOK VALUE

| At 31 March 2025 | 850 |  | 737,923 |  | 24,078,204 |  |

| At 31 March 2024 | 2,314 |  | 790,701 |  | 24,342,512 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 460,344 |  | 537,284 |  | 47,041,934 |  |

| Additions | 41,342 |  | - |  | 4,863,428 |  |

| Disposals | - |  | - |  | (518,670 | ) |

| At 31 March 2025 | 501,686 |  | 537,284 |  | 51,386,692 |  |

| DEPRECIATION

| At 1 April 2024 | 217,764 |  | 160,726 |  | 21,287,269 |  |

| Charge for year | 75,427 |  | 89,004 |  | 5,202,869 |  |

| Eliminated on disposal | - |  | - |  | (416,472 | ) |

| At 31 March 2025 | 293,191 |  | 249,730 |  | 26,073,666 |  |

| NET BOOK VALUE

| At 31 March 2025 | 208,495 |  | 287,554 |  | 25,313,026 |  |

| At 31 March 2024 | 242,580 |  | 376,558 |  | 25,754,665 |  |

| The net carrying amount of assets held under finance leases included in plant, machinery and motor vehicles is £21,638,843 (2024: £24,615,686). The depreciation charged in the year in respect of such assets amounted to £2,317,574.

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

11. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 526,154 |  | 486,431 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 5,645,249 |  | 5,415,139 |  |

| Amounts owed by group undertakings | 136,826 |  | 86,905 |  |

| Other debtors | 55,671 |  | 37,026 |  |

| Prepayments | 570,637 |  | 610,774 |  |

6,408,383 |  | 6,149,844 |  |

| Amounts received of £818,462 (2024: £nil) in respect of debtors which have been financed by invoice financing have been included within Other creditors.

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 15) | 5,580,252 |  | 5,567,106 |  |

| Trade creditors | 2,601,403 |  | 2,442,119 |  |

| Amounts owed to group undertakings | 539,308 |  | 1,115,616 |  |

| Tax | 179,375 |  | - |  |

| Social security and other taxes | 729,519 |  | 1,022,847 |  |

| Dividends payable | 600,000 |  | 1,000,000 |  |

| Other creditors | 1,418,289 |  | 434,666 |  |

11,648,146 |  | 11,582,354 |  |

| The company has provided a fixed and floating charge over all assets including book debts to HSBC UK Bank Plc to support the overdraft and other facilities.

| Included within Other creditors are pension contributions payable of £78,721 (2024: £36,836).

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 15) | 8,908,753 |  | 10,554,600 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 5,580,252 |  | 5,567,106 |  |

| Between one and five years | 8,908,753 |  | 10,554,600 |  |

14,489,005 |  | 16,121,706 |  |

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

15. | LEASING AGREEMENTS - continued

| The future minimum hire purchase lease payments are as follows:

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Not later than one year |  | 5,799,871 |  |  | 5,862,744 |  |

| Later than one year and not later than five years |  | 9,231,922 |  |  | 11,001,183 |  |

| Total gross payments |  | 15,031,739 |  |  | 16,863,927 |  |

| Less: finance charges |  | (542,734 | ) |  | (742,221 | ) |

| Carrying amount of liability |  | 14,489,005 |  |  | 16,121,706 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 2,450,554 |  | 1,493,350 |  |

| Between one and five years | 6,027,715 |  | 3,360,754 |  |

| In more than five years | 1,646,777 |  | 1,518,570 |  |

10,125,046 |  | 6,372,674 |  |

| Leases relate to commercial vehicles and other motor vehicles and leases for the properties the company trades from.

16. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 14,489,005 |  | 16,121,706 |  |

| Invoice financing | 818,462 |  | - |  |

15,307,467 |  | 16,121,706 |  |

| The company has provided a fixed and floating charge over all assets including book debts to HSBC UK Bank Plc to support the overdraft and other facilities.

| The finance leases are secured by the lessors' title to the leased assets and the directors consider that the carrying amount of the obligations under the finance leases approximate to their fair value. Interest rates underlying all obligations are fixed at respective contract rates.

17. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,132,969 |  | 2,222,750 |  |

| Other timing differences | (35,525 | ) | (11,166 | ) |

2,097,444 |  | 2,211,584 |  |

| STAR PLATFORMS LIMITED (REGISTERED NUMBER: 08743442) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

17. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 2,211,584 |  |

| Credit to Statement of Comprehensive Income during year | (114,140 | ) |

| Balance at 31 March 2025 | 2,097,444 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| The holder of the ordinary shares is entitled to receive dividends as declared from time to time, and is entitled to one vote per share at meetings of the company. All shares rank equally with regard to the Company's residual assets.

19. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 8,593,631 |  |

| Profit for the year | 1,612,855 |  |

| Dividends | (600,000 | ) |

| At 31 March 2025 | 9,606,486 |  |

20. | ULTIMATE AND IMMEDIATE PARENT COMPANY

| The entire share capital of Star Platforms Limited is owned by Sudhir Power (UK) Limited, a company incorporated in the United Kingdom and is considered the immediate parent company.

| The entire share capital of Sudhir Power (UK) Limited is owned by Sudhir Power Limited, a company incorporated in India and is considered the ultimate parent company.

| The smallest group in which the results of the company are consolidated for the current year ended is that headed by Sudhir Power (UK) Limited. The consolidated accounts of this company are available to the public and may be obtained from Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, United Kingdom, LE7 4UZ.

21. | RELATED PARTY DISCLOSURES

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

| During the year purchases of £1,526 (2024: £14,603) were made to a company controlled by the Joint Managing director.

| During the year, management charges of £120,000 (2024: £144,000) were incurred for the services of the managing director of the parent company.

22. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R Seth, by virtue of his majority shareholding in the ultimate parent company, Sudhir Power Limited.