REGISTERED NUMBER: 09572760 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NRS SAREDON HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Ketcher

K D Montgomery

D Forder

SECRETARY:

Ms L J Shirley

REGISTERED OFFICE:

NRS House

Site 7, Meriden Park

Cornets End Lane

Meriden

CV7 7LG

REGISTERED NUMBER:

09572760 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

966,085

1,177,563

Investments

6

10,300

10,300

976,385

1,187,863

CURRENT ASSETS

Debtors

7

485,645

7,909,495

Cash at bank

235,854

323,817

721,499

8,233,312

CREDITORS

Amounts falling due within one year

8

44,360

7,865,440

NET CURRENT ASSETS

677,139

367,872

TOTAL ASSETS LESS CURRENT LIABILITIES

1,653,524

1,555,735

CAPITAL AND RESERVES

Called up share capital

10

10,300

10,300

Retained earnings

1,643,224

1,545,435

SHAREHOLDERS' FUNDS

1,653,524

1,555,735

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 10 December 2025 and were signed on its behalf by:

M C Ketcher - Director

1.	STATUTORY INFORMATION

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

The principal place of business is Saredon Rd, Shareshill, Wolverhampton WV10 7LF.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about NRS Saredon Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Natural Resource Services Holding Company Limited, NRS House, Site 7 Meriden Park, Cornets End Lane, Meriden, CV7 7LG.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

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

life:

Working quarry

- 10% on cost

Improvements to property

- 10% and 20% on cost

Plant and machinery

- 20% on cost

Fixtures and fittings

- 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 amounts due from group companies and cash at bank are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

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 or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade payables and amounts due to group companies, are initially recognised at transaction price and subsequently carried at amortised cost.

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

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Working

to

Plant and

and

quarry

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2024

1,911,882

1,957,695

2,030,743

103,678

6,003,998

Additions

-

96,480

-

957

97,437

Disposals

-

-

(21,545

)

(1,060

)

(22,605

)

Reclassification/transfer

(10,095

)

10,095

-

-

-

At 31 March 2025

1,901,787

2,064,270

2,009,198

103,575

6,078,830

DEPRECIATION

At 1 April 2024

1,813,873

1,042,124

1,895,978

74,460

4,826,435

Charge for year

25,390

230,132

37,404

11,598

304,524

Eliminated on disposal

-

-

(17,154

)

(1,060

)

(18,214

)

At 31 March 2025

1,839,263

1,272,256

1,916,228

84,998

5,112,745

NET BOOK VALUE

At 31 March 2025

62,524

792,014

92,970

18,577

966,085

At 31 March 2024

98,009

915,571

134,765

29,218

1,177,563

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

10,300

NET BOOK VALUE

At 31 March 2025

10,300

At 31 March 2024

10,300

Fixed asset investments represent a 100% shareholding in the subsidiary company NRS Saredon Aggregates Limited, which has the same registered office as NRS Saredon Holdings Limited. Full details of the investment can be found in the consolidated accounts prepared by the parent company Natural Resource Services Holding Company Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

342,067

7,758,089

Corporation tax

5,136

14,014

Deferred tax asset

138,442

137,392

485,645

7,909,495

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

242

269

Amounts owed to group undertakings

8,235

7,820,701

VAT

30,075

31,545

Accrued expenses

5,808

12,925

44,360

7,865,440

9.	SECURED DEBTS

Debenture dated 14 February 2017 between the Company and HSBC Bank UK Plc with fixed and floating charge over all assets currently or any time afterwards owned by the Company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

5,253

Ordinary

£1

5,253

5,253

5,047

A Ordinary

£1

5,047

5,047

10,300

10,300

Ordinary shares are entitled to full voting rights and dividends.

A Ordinary shares are entitled to full voting rights and dividends.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

12.	CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with fellow group companies. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System.

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £1,054,213 (2024: £1,603,389).

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is LAF Holdings Limited, a company registered in England and Wales, by way of its majority shareholding in the parent company. No one person has ultimate control.