IRIS Accounts Production v25.3.0.601 15762601 Board of Directors 31.3.25 5.6.24 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. The principal activity of the Company is that of a holding company. The principal activity of the Group continued to be that of retail furniture and shopfitting manufacturing. true true true false true true false false false false false true false Ordinary A 0 Ordinary B 0 Ordinary C 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15762601 2024-06-04 15762601 2025-03-31 15762601 2024-06-05 2025-03-31 15762601 2024-06-04 15762601 ns15:EnglandWales 2024-06-05 2025-03-31 15762601 ns14:PoundSterling 2024-06-05 2025-03-31 15762601 ns10:Director1 2024-06-05 2025-03-31 15762601 ns10:Consolidated 2025-03-31 15762601 ns10:ConsolidatedGroupCompanyAccounts 2024-06-05 2025-03-31 15762601 ns10:PrivateLimitedCompanyLtd 2024-06-05 2025-03-31 15762601 ns10:Consolidated ns10:MediumEntities 2024-06-05 2025-03-31 15762601 ns10:Consolidated ns10:Audited 2024-06-05 2025-03-31 15762601 ns10:SmallCompaniesRegimeForAccounts 2024-06-05 2025-03-31 15762601 ns10:Consolidated 2024-06-05 2025-03-31 15762601 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-06-05 2025-03-31 15762601 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-06-05 2025-03-31 15762601 ns10:FullAccounts 2024-06-05 2025-03-31 15762601 ns5:Subsidiary1 2024-06-05 2025-03-31 15762601 ns5:Subsidiary2 2024-06-05 2025-03-31 15762601 1 2024-06-05 2025-03-31 15762601 ns10:OrdinaryShareClass1 2024-06-05 2025-03-31 15762601 ns10:OrdinaryShareClass2 2024-06-05 2025-03-31 15762601 ns10:OrdinaryShareClass3 2024-06-05 2025-03-31 15762601 ns10:Director2 2024-06-05 2025-03-31 15762601 ns10:Director3 2024-06-05 2025-03-31 15762601 ns10:RegisteredOffice 2024-06-05 2025-03-31 15762601 ns5:CurrentFinancialInstruments 2025-03-31 15762601 ns5:Non-currentFinancialInstruments 2025-03-31 15762601 ns5:ShareCapital 2025-03-31 15762601 ns5:ShareCapital 2024-06-05 2025-03-31 15762601 ns5:RetainedEarningsAccumulatedLosses 2024-06-05 2025-03-31 15762601 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 15762601 ns5:NetGoodwill 2024-06-05 2025-03-31 15762601 ns5:AdditionsToInvestments 2025-03-31 15762601 ns5:CostValuation 2025-03-31 15762601 1 ns5:Subsidiary1 2024-06-05 2025-03-31 15762601 ns5:Subsidiary2 3 2024-06-05 2025-03-31 15762601 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 15762601 ns10:OrdinaryShareClass1 2025-03-31 15762601 ns10:OrdinaryShareClass2 2025-03-31 15762601 ns10:OrdinaryShareClass3 2025-03-31

REGISTERED NUMBER: 15762601 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

FOR

TASK CORPORATION GROUP LTD

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Statement of Comprehensive Income | 8 |

| Consolidated Balance Sheet | 9 |

| Company Balance Sheet | 10 |

| Consolidated Statement of Changes in Equity | 11 |

| Company Statement of Changes in Equity | 12 |

| Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Cash Flow Statement | 14 |

| Notes to the Consolidated Financial Statements | 16 |

| TASK CORPORATION GROUP LTD |

COMPANY INFORMATION

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

| Directors: | D Pullan

| J A Clarke

| D Knight

| Registered office: | 6 Uxbridge Road

| Leicester

| LE4 7ST

| Registered number: | 15762601 (England and Wales)

| Auditors: | TC Group

| 1 Merus Court

| Meridian Business Park

| Leicester

| Leicestershire

| LE19 1RJ

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

GROUP STRATEGIC REPORT

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

The principal activity of the Company is that of a holding company. The principal activity of the Group continued to be that of retail furniture and shopfitting manufacturers.

Review of business

Economic conditions have continued to be challenging across the industry, and broader economy as a whole. However, the Group has seen an increase in turnover in the year. The directors are confident that the current levels of turnover can be maintained going forwards as the Group continues to recover from the challenging economic climate.

Principal risks and uncertainties

The principal risks to the Group remain competition from rival companies and the potential fluctuations in the price of raw materials. Risks are formally reviewed by the board and appropriate processes are put in place to monitor and mitigate them.

Supply risk

The Group works closely with key customers and suppliers to ensure that the supply chain and demand for products can be maintained to meet working capital commitments.

Credit risk

New credit customers undergo credit checks and are only accepted once approved by the credit controller. The Group undertakes perpetual review processes to ensure debts are collected in a timely manner and to minimise the risk that debts become irrecoverable.

Liquidity risk

The Group is financed by appropriate long and short term finance to match the needs of the business.

Financial key performance indicators

Key performance indicators used by the Group are as follows:

- Turnover;

- Gross profit margin; and

- Profit before taxation

Details of the key performance indicators are shown in the Consolidated Statement of Comprehensive Income.

Other key performance indicators

The directors do not consider there to be any other key performance indicators.

Research and development

The group has carried out research and development during the year in an attempt to increase production efficiency.

Competition

The Group operates in a competitive market. In order to mitigate the risk, the Group ensures its relationships with its key customers are managed effectively.

On behalf of the board:

D Pullan - Director

28 November 2025

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

The directors present their report with the financial statements of the company and the group for the period 5 June 2024 to 31 March 2025.

Incorporation

The group was incorporated on 5 June 2024 .

Dividends

The profit for the year, after taxation, amounted to £584,010.

Dividends paid during the year amounted to £522,637.

Post balance sheet events

Information relating to events since the end of the period is given in the notes to the financial statements.

Directors

The directors who have held office during the period from 5 June 2024 to the date of this report are as follows:

D Pullan - appointed 5 June 2024

J A Clarke - appointed 5 June 2024

D Knight - appointed 5 June 2024

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

Future developments

Going forward the directors aim to continue to grow the business whilst keeping a tight control over costs.

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

Each of the persons who are directors at the time this Directors’ Report is approved has confirmed that:

- So far as the directors are aware, there is no relevant audit information of which the Company and Group's auditors are aware; and

- The directors have taken all the steps that ought to have been taken as directors in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

Auditors

The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

D Pullan - Director

28 November 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TASK CORPORATION GROUP LTD

Opinion

We have audited the financial statements of Task Corporation Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 March 2025 which comprise the Consolidated Statement of 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 period 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

TASK CORPORATION GROUP LTD

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.

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 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.

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

- |  | Enquiry of management and those with governance around actual, potential or suspected litigation, claims, non-compliance with applicable laws and regulations and fraud. |

- |  | Enquiry of entity staff in tax and compliance functions and external advisors to identify any instances of noncompliance with laws and regulations. |

- |  | Performing audit work over the risk of management override, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business, and reviewing accounting estimates for bias. |

- |  | Reviewing of financial statements disclosures and testing to supporting documentation to access compliance with applicable laws and regulations. |

- |  | Discussions amongst the engagement team in relation to how and where fraud might occur in the financial statements and any potential indicators or fraud. |

- |  | Reviewing any minutes for meetings during the year. |

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely to involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

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

TASK CORPORATION GROUP 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.

Shiran Wynter ACA (Senior Statutory Auditor)

for and on behalf of TC Group

1 Merus Court

Meridian Business Park

Leicester

Leicestershire

LE19 1RJ

28 November 2025

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

CONSOLIDATED

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

| Notes | £

| Turnover | 4 | 6,321,192 |  |

| Cost of sales | 3,412,371 |  |

| Gross profit | 2,908,821 |  |

| Administrative expenses | 2,350,594 |  |

558,227 |  |

| Other operating income | 9,188 |  |

| Operating profit and |

| Profit before taxation | 567,415 |  |

| Tax on profit | 8 | (16,595 | ) |

| Profit for the financial period | 584,010 |  |

| Other comprehensive income | - |  |

| Total comprehensive income for the period | 584,010 |  |

| Profit attributable to:

| Owners of the parent | 584,010 |  |

| Total comprehensive income attributable to:

| Owners of the parent | 584,010 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

CONSOLIDATED BALANCE SHEET

31 MARCH 2025

| Notes | £

| Fixed assets

| Intangible assets | 11 | 3,203,677 |  |

| Tangible assets | 12 | 64,361 |  |

| Investments | 13 | - |  |

3,268,038 |  |

| Current assets

| Stocks | 14 | 141,827 |  |

| Debtors | 15 | 1,963,162 |  |

| Cash at bank | 1,364,446 |  |

3,469,435 |  |

| Creditors

| Amounts falling due within one year | 16 | (3,182,645 | ) |

| Net current assets | 286,790 |  |

| Total assets less current liabilities | 3,554,828 |  |

| Creditors

| Amounts falling due after more than one year | 17 | (3,475,000 | ) |

| Provisions for liabilities | 19 | (18,365 | ) |

| Net assets | 61,463 |  |

| Capital and reserves

| Called up share capital | 20 | 90 |  |

| Retained earnings | 21 | 61,373 |  |

| Shareholders' funds | 61,463 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

D Pullan - Director

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

COMPANY BALANCE SHEET

31 MARCH 2025

| Notes | £

| Fixed assets

| Intangible assets | 11 | - |  |

| Tangible assets | 12 | - |  |

| Investments | 13 | 6,030,000 |  |

6,030,000 |  |

| Current assets

| Debtors | 15 | 90 |  |

| Creditors

| Amounts falling due within one year | 16 | (2,555,000 | ) |

| Net current liabilities | (2,554,910 | ) |

| Total assets less current liabilities | 3,475,090 |  |

| Creditors

| Amounts falling due after more than one year | 17 | (3,475,000 | ) |

| Net assets | 90 |  |

| Capital and reserves

| Called up share capital | 20 | 90 |  |

| Shareholders' funds | 90 |  |

| Company's profit for the financial year | 522,637 |  |

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 28 November 2025 and were signed on its behalf by:

D Pullan - Director

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Changes in equity

Issue of share capital | 90 |  | - |  | 90 |  |

Dividends | - |  | (522,637 | ) | (522,637 | ) |

Total comprehensive income | - |  | 584,010 |  | 584,010 |  |

Balance at 31 March 2025 | 90 |  | 61,373 |  | 61,463 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

Called up |  |

share | Retained | Total |

capital | earnings | equity |

| £ | £ | £

Changes in equity

Issue of share capital | 90 |  | - |  | 90 |  |

Dividends | - |  | (522,637 | ) | (522,637 | ) |

Total comprehensive income | - |  | 522,637 |  | 522,637 |  |

Balance at 31 March 2025 | 90 |  | - |  | 90 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

| Notes | £

| Cash flows from operating activities

| Cash generated from operations | 1 | 5,397,661 |  |

| Net cash from operating activities | 5,397,661 |  |

| Cash flows from investing activities

| Purchase of intangible fixed assets | (3,432,724 | ) |

| Purchase of tangible fixed assets | (2,498 | ) |

| Acquisition of subsidiary fixed assets | (75,446 | ) |

| Net cash from investing activities | (3,510,668 | ) |

| Cash flows from financing activities

| Share issue | 90 |  |

| Equity dividends paid | (522,637 | ) |

| Net cash from financing activities | (522,547 | ) |

| Increase in cash and cash equivalents | 1,364,446 |  |

| Cash and cash equivalents at beginning of period | 2 | - |  |

| Cash and cash equivalents at end of period | 2 | 1,364,446 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

1. | RECONCILIATION OF PROFIT FOR THE FINANCIAL PERIOD TO CASH GENERATED FROM OPERATIONS

| £

| Profit for the financial period | 584,010 |  |

| Depreciation charges | 13,583 |  |

| Amortisation charges | 229,047 |  |

| Taxation | (16,595 | ) |

810,045 |  |

| Increase in stocks | (141,827 | ) |

| Increase in trade and other debtors | (1,963,162 | ) |

| Increase in trade and other creditors | 6,692,605 |  |

| Cash generated from operations | 5,397,661 |  |

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:

| Period ended 31 March 2025

| 31.3.25 |  | 5.6.24

| £ | £

| Cash and cash equivalents | 1,364,446 |  | - |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 5.6.24 | Cash flow | At 31.3.25

| £ | £ | £

| Net cash |

| Cash at bank | - |  | 1,364,446 |  | 1,364,446 |  |

- |  | 1,364,446 |  | 1,364,446 |  |

| Total | - |  | 1,364,446 |  | 1,364,446 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

4. | ACQUISITION OF BUSINESS

| Task Corporation Group Ltd was incorporated on the 5 June 2024, and acquired the controlling interest in Task Corporation Holdings Limited and Task Corporation Limited.

| 100% of the share capital of Task Corporation Holdings Limited and Task Corporation Limited was acquired on 24 July 2024.

| The business combination has been accounted for using the acquisition method of accounting.

|  | Book value (£ | ) | Fair value (£ | ) |

| Tangible fixed assets |  | 75,254 |  | 75,254 |  |

| Stock |  | 131,969 |  | 131,969 |  |

| Trade and other debtors |  | 3,507,380 |  | 3,507,380 |  |

| Cash at bank and in hand |  | 1,135,548 |  | 1,135,548 |  |

| Total assets |  | 4,850,151 |  | 4,850,151 |  |

| Trade and other creditors |  | (2,217,915 | ) | (2,217,915 | ) |

| Deferred tax |  | (34,960 | ) | (34,960 | ) |

| Total identifiable net assets |  | 2,597,276 |  | 2,597,276 |  |

| Goodwill |  |  | 3,432,724 |  |

| Total purchase consideration |  |  | 6,030,000 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

1. | STATUTORY INFORMATION

| Task Corporation Group 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 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 Group is profitable both during the year and following the year end and maintains a healthy cash position. The directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial information.

| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting policies. It also requires Group management to exercise judgement in applying the Group's accounting policies.

| The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

| Parent Company disclosure exemptions

| In preparing the separate financial statements of the parent Company, advantage has been taken of the following disclosure exemptions available in FRS 102:

| - Disclosures in respect of the parent Company's financial instruments have not been presented as equivalent disclosures have been provided in respect of the Company as a whole; and

| - No disclosures have been given for the aggregate remuneration of the key management personnel of the parent Company as their remuneration is included in the totals for the Company as a whole.

| The following principal accounting policies have been applied:

| Basis of consolidation

| The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

| The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidation Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

| In accordance with the transitional exemption available FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the Company has transferred the significant risks and rewards of ownership to the buyer;

| - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the transaction; and- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Rendering of services

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

| - the amount of revenue can be measured reliably;

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

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

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

| Intangible assets - goodwill

| Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequently to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the consolidated Statement of Comprehensive Income over its useful economic life.

| Amortisation is provided on the following basis:

| Goodwill |  | - 10% straight line |  |

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated 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, using the straight-line method.

| Depreciation is provided on the following basis:

| Long-term leasehold property |  | - 10% per annum |  |

| Plant and machinery |  | - 15% per annum |  |

| Motor vehicles |  | - 25% per annum |  |

| Fixtures and fittings |  | - 33% per annum |  |

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

| 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.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

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

| Taxation and deferred taxation

| The tax expense for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income 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.

| The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

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

| Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Foreign currencies

| Functional and presentation currency

| The company's functional and presentational currency is British Pound Sterling (£).

| Transactions and balances

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Consolidated Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.

| Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Consolidated Statement of Comprehensive Income within 'other operating income'.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Operating leases: the group as lessee

| Rentals paid under operating leases are charged to the Consolidated Statement of Comprehensive Income on a straight-line basis over the lease term.

| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

| Pensions

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

| Defined contribution pension plan

| The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid, the Group has no further payment obligations.

| The contributions are recognised as an expense in the Consolidated Statement of Comprehensive Income when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance sheet.

| Finance costs

| Finance costs are charged to the Consolidated Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Employee benefits

| The Group provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans.

| (i) Short term benefits

| Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

| (ii) Annual bonus plan

| The Group operates a number of annual bonus plans for employees. An expense is recognised in the Consolidated Statement of Comprehensive Income when the Group has a legal or constructive obligation to make payments under the plans as a result of past events and a reliable estimate of the obligation can be made.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Valuation of investments

| Investments in subsidiaries are measured at cost less accumulated impairment.

| Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet. Gains and losses on remeasurement are recognised in the Consolidation Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| In the consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Holiday pay accrual

| A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet and carried forward to future periods. This is measured at the undiscounted cost of the unused holiday entitlement at the balance sheet date.

| Financial instruments

| The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs and subsequently at amortised cost using effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Consolidated Statement of Comprehensive Income.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Group would receive for the asset if it were to be sold at the balance sheet date.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the Group a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to Consolidated Statement of Comprehensive Income in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

| Research and development

| In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| (i) Impairment of intangible assets

| The Company considers whether intangible assets are impaired. Where an indication of impairment is identified the estimation of recoverable value requires estimation of the recoverable value of the cash generating units (CGUs). This requires estimation of the future cash flows from the CGUs and also selection of appropriate discount rates in order to calculate the net present value of those cash flows.

| (ii) Impairment of investments

| The Company considers whether investments are impaired. Where an indication of impairment is identified, the estimation of recoverable value requires estimation of the recoverable value of the cash generating units. This requires estimation of the future cashflows from the cash generating unit.

| (iii) Stock provisioning

| It is necessary to consider the recoverability of the cost of stocks and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stocks, as well as applying assumptions around anticipated saleability of finished goods and future usage of raw materials.

| (iv) Impairment of debtors

| The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

4. | TURNOVER

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

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

| £

| United Kingdom | 5,471,871 |  |

| Rest of the World | 849,321 |  |

6,321,192 |  |

5. | EMPLOYEES AND DIRECTORS

| £

| Wages and salaries | 2,329,653 |  |

| Social security costs | 243,942 |  |

| Other pension costs | 44,246 |  |

2,617,841 |  |

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

| Directors & Sales | 5 |  |

| Administration | 18 |  |

| Production | 53 |  |

76 |  |

| The Directors' remuneration for the year amounted to £4,078.

| The highest paid director received remuneration of £2,216.

6. | OPERATING PROFIT

| The operating profit is stated after charging:

| £

| Hire of plant and machinery | 3,085 |  |

| Depreciation - owned assets | 13,583 |  |

| Goodwill amortisation | 229,047 |  |

| Foreign exchange differences | 3,825 |  |

7. | AUDITORS' REMUNERATION

| During the period, fees payable to the Company's auditors for the audit of the Company's financial statements totalled £16,500.

| During the period, fees payable to the Company's auditors for tax compliance services totalled £3,500 and for all other services totalled £77,000.

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

8. | TAXATION

| Analysis of the tax credit

| The tax credit on the profit for the period was as follows:

| £

| Deferred tax | (16,595 | ) |

| Tax on profit | (16,595 | ) |

| UK corporation tax has been charged at 25 % .

| Reconciliation of total tax credit included in profit and loss

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

| £

| Profit before tax | 567,415 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % | 141,854 |  |

| Effects of:

| Expenses not deductible for tax purposes | 6,015 |  |

| Depreciation in excess of capital allowances | 8,880 |  |

| Non-tax deductible amortisation of goodwill and impairment | 47,036 |  |

| Adjustment in research and development tax credit leading to a decrease in taxation | (214,295 | ) |

| Other differences leading to an increase in the tax charge | (6,085 | ) |

| Total tax credit | (16,595 | ) |

9. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| 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.

10. | DIVIDENDS

| £

| Ordinary A shares of 1 each

| Final | 522,637 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

11. | INTANGIBLE FIXED ASSETS

| Group

Goodwill |

| £

| Cost

| Additions | 3,432,724 |  |

| At 31 March 2025 | 3,432,724 |  |

| Amortisation

| Amortisation for period | 229,047 |  |

| At 31 March 2025 | 229,047 |  |

| Net book value

| At 31 March 2025 | 3,203,677 |  |

12. | TANGIBLE FIXED ASSETS

| Group

Fixtures |  |

Leasehold | Plant and | and | Motor |  |

improvements | machinery | fittings | vehicles | Totals |

| £ | £ | £ | £ | £

| Cost

| Additions | - |  | 1,500 |  | 998 |  | - |  | 2,498 |  |

| Reclassification/transfer | 62,672 |  | 494,421 |  | 46,693 |  | 78,780 |  | 682,566 |  |

| At 31 March 2025 | 62,672 |  | 495,921 |  | 47,691 |  | 78,780 |  | 685,064 |  |

| Depreciation

| Charge for period | 4,387 |  | 7,527 |  | 56 |  | 1,613 |  | 13,583 |  |

| Reclassification/transfer | 13,760 |  | 469,472 |  | 46,721 |  | 77,167 |  | 607,120 |  |

| At 31 March 2025 | 18,147 |  | 476,999 |  | 46,777 |  | 78,780 |  | 620,703 |  |

| Net book value

| At 31 March 2025 | 44,525 |  | 18,922 |  | 914 |  | - |  | 64,361 |  |

13. | FIXED ASSET INVESTMENTS

| Company

Shares in |

group |

undertakings |

| £

| Cost

| Additions | 6,030,000 |  |

| At 31 March 2025 | 6,030,000 |  |

| Net book value

| At 31 March 2025 | 6,030,000 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

13. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiaries

| Task Corporation Limited

| Registered office: 6 Uxbridge Road, Melton Road, Leicester, LE4 7ST

| Nature of business: Manufacture of bespoke furniture and shopfitting

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

| Task Corporation Holdings Limited

| Registered office: 6 Uxbridge Road, Melton Road, Leicester, LE4 7ST

| Nature of business: Holding company

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

14. | STOCKS

| Group |

| £

| Raw materials | 102,397 |  |

| Work-in-progress | 39,430 |  |

141,827 |  |

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

| Group |  | Company |

| £ | £

| Trade debtors | 1,808,602 |  | - |  |

| Other debtors | 6,158 |  | 90 |  |

| Prepayments and accrued income | 148,402 |  | - |  |

1,963,162 |  | 90 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

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

| Group |  | Company |

| £ | £

| Payments on account | 441,054 |  | - |  |

| Trade creditors | 582,621 |  | - |  |

| Amounts owed to group undertakings | - |  | 1,355,000 |  |

| Amounts owed to associates | 11,000 |  | - |  |

| Tax | 462,191 |  | - |  |

| Social security and other taxes | 94,682 |  | - |  |

| VAT | 246,914 |  | - |  |

| Other creditors | 1,227,884 |  | 1,200,000 |  |

| Accruals and deferred income | 116,299 |  | - |  |

3,182,645 |  | 2,555,000 |  |

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

| Group |  | Company |

| £ | £

| Other creditors | 3,475,000 |  | 3,475,000 |  |

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

Non-cancellable |

operating leases |

| £

| Within one year | 37,325 |  |

| Between one and five years | 28,208 |  |

65,533 |  |

19. | PROVISIONS FOR LIABILITIES

| Group |

| £

| Deferred tax

| Accelerated capital allowances | 18,365 |  |

| Group

Deferred tax |

| £

| Credit to Statement of Comprehensive Income during period | (16,595 | ) |

| Acquisition of subsidiary | 34,960 |  |

| Balance at 31 March 2025 | 18,365 |  |

TASK CORPORATION GROUP LTD (REGISTERED NUMBER: 15762601) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE PERIOD 5 JUNE 2024 TO 31 MARCH 2025

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal |

value: |  | £

| 30 | Ordinary A | 1 | 30 |  |

| 30 | Ordinary B | 1 | 30 |  |

| 30 | Ordinary C | 1 | 30 |  |

90 |  |

21. | RESERVES

| Group

Retained |

earnings |

| £

| Profit for the period | 584,010 |  |

| Dividends | (522,637 | ) |

| At 31 March 2025 | 61,373 |  |

| Retained Earnings

| Includes all current and prior year retained profits and losses. All amounts are distributable.

22. | RELATED PARTY DISCLOSURES

| The Group has taken advantage of the exemption available under FRS 102 33.1A not to disclose transactions with wholly owned subsidiaries of the Group.

| During the year compensation paid to key management personnel totalled £117,752.

| All transactions are considered to be at arms length.

23. | POST BALANCE SHEET EVENTS

| There have been no significant events affecting the Group since the year end.

24. | ULTIMATE CONTROLLING PARTY

| The directors do not consider there to be an ultimate controlling party in the current year.