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REGISTERED NUMBER: 14476857 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 28 April 2025 |

| for |

| Ssbm23 Ltd |

Ssbm23 Ltd (Registered number: 14476857)

Contents of the Financial Statements

for the Year Ended 28 April 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Ssbm23 Ltd

Company Information

for the Year Ended 28 April 2025

| DIRECTORS: | M N Dobbie

| A Oliver

| REGISTERED OFFICE: | Westmead House

| Westmead

| Farnborough

| GU14 7LP

| REGISTERED NUMBER: | 14476857 (England and Wales)

| ACCOUNTANTS: | Solutions 4 Caterers Ltd

| Westmead House

| Westmead

| Farnborough

| Hampshire

| GU14 7LP

Ssbm23 Ltd (Registered number: 14476857)

Statement of Financial Position

28 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,081,804 |  | 1,157,589 |  |

CURRENT ASSETS

Stocks | 5 | 5,028 |  | 4,941 |  |

Debtors | 6 | 111,627 |  | 86,427 |  |

Cash at bank and in hand | 614,934 |  | 358,100 |  |

731,589 |  | 449,468 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,121,707 | ) | (1,785,117 | ) |

NET CURRENT LIABILITIES | (390,118 | ) | (1,335,649 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 691,686 |  | (178,060 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | (635,668 | ) | - |  |

PROVISIONS FOR LIABILITIES | (49,583 | ) | - |  |

NET ASSETS/(LIABILITIES) | 6,435 |  | (178,060 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 6,335 |  | (178,160 | ) |

6,435 |  | (178,060 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ssbm23 Ltd (Registered number: 14476857)

Statement of Financial Position - continued

28 April 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

M N Dobbie - Director

Ssbm23 Ltd (Registered number: 14476857)

Notes to the Financial Statements

for the Year Ended 28 April 2025

1. | STATUTORY INFORMATION

| Ssbm23 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 Company Information page.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The previous accounting period was the first since incorporation and as such was longer than a year. As a result, the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Short leasehold | - | Over the remaining period of the lease

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 12.5% on cost

| Computer equipment | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Operating leases

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

Ssbm23 Ltd (Registered number: 14476857)

Notes to the Financial Statements - continued

for the Year Ended 28 April 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 60 (2024 - 28 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Plant and |  | and |  | Computer |

| leasehold |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 29 April 2024 | 838,284 |  | 128,047 |  | 234,263 |  | 13,694 |  | 1,214,288 |  |

| Additions | 9,397 |  | 2,083 |  | 12,364 |  | 3,599 |  | 27,443 |  |

| At 28 April 2025 | 847,681 |  | 130,130 |  | 246,627 |  | 17,293 |  | 1,241,731 |  |

| DEPRECIATION

| At 29 April 2024 | 23,840 |  | 14,377 |  | 16,780 |  | 1,702 |  | 56,699 |  |

| Charge for year | 42,744 |  | 25,797 |  | 30,426 |  | 4,261 |  | 103,228 |  |

| At 28 April 2025 | 66,584 |  | 40,174 |  | 47,206 |  | 5,963 |  | 159,927 |  |

| NET BOOK VALUE

| At 28 April 2025 | 781,097 |  | 89,956 |  | 199,421 |  | 11,330 |  | 1,081,804 |  |

| At 28 April 2024 | 814,444 |  | 113,670 |  | 217,483 |  | 11,992 |  | 1,157,589 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 5,028 |  | 4,941 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,724 |  | - |  |

| Other debtors | 55,500 |  | 56,871 |  |

| Deferred tax asset | - |  | 11,649 |  |

| Prepayments | 53,403 |  | 17,907 |  |

111,627 |  | 86,427 |  |

Ssbm23 Ltd (Registered number: 14476857)

Notes to the Financial Statements - continued

for the Year Ended 28 April 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 113,458 |  | 180,391 |  |

| Amounts owed to group undertakings | 480,861 |  | 1,269,641 |  |

| Social security and other taxes | 38,985 |  | 26,473 |  |

| VAT | 171,748 |  | 120,701 |  |

| Other creditors | 197,679 |  | 24,775 |  |

| Accruals and deferred income | 118,976 |  | 163,136 |  |

1,121,707 |  | 1,785,117 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 635,668 |  | - |  |

| Included within the amounts falling due in more than 1 year above are amounts totalling £489,677 (2024: £nil) which are payable in instalments in more than 5 years.

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 185,000 |  | 185,000 |  |

| Between one and five years | 740,000 |  | 740,000 |  |

| In more than five years | 2,427,301 |  | 2,611,794 |  |

3,352,301 |  | 3,536,794 |  |

10. | SECURED DEBTS

| The amounts owed to group undertakings are secured by a fixed and floating charge over all the assets of the company both present and future in favour of SSBM23 Ltd's parent company, Som Saa Ltd.