REGISTERED NUMBER: 11358472 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NRS KIDDERMINSTER HOLDINGS LIMITED

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:

11358472 (England and Wales)

AUDITORS:

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

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

273,348

982,167

Investments

6

200

200

273,548

982,367

CURRENT ASSETS

Debtors

7

1,040,826

881,359

Cash at bank

31,233

67,069

1,072,059

948,428

CREDITORS

Amounts falling due within one year

8

1,352,844

1,946,637

NET CURRENT LIABILITIES

(280,785

)

(998,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,237

)

(15,842

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(7,238

)

(15,843

)

SHAREHOLDERS' FUNDS

(7,237

)

(15,842

)

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 Kidderminster Holdings Limited 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.

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.

At the balance sheet date the company had net current liabilities of £280,785 (2024: £998,209) and net liabilities of £7,237 (2024: £15,842). As shown in the creditors due within one year note, creditors includes amounts owed to group companies of £1,345,292 (2024: £1,938,117).

The directors have considered the above and confident that they retain support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about NRS Kidderminster Holdings Limited 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.

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:

Improvements to property

- 10% 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 other receivables, amounts due from group companies and cash and bank balances, 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 other payables, 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Improveme

to

property

£

COST

At 1 April 2024

982,167

Additions

269,267

Disposals

(982,434

)

Reclassification/transfer

4,348

At 31 March 2025

273,348

NET BOOK VALUE

At 31 March 2025

273,348

At 31 March 2024

982,167

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

At 31 March 2024

200

Fixed asset investments represent 100% shareholdings in the subsidiary companies NRS Kidderminster Aggregates Limited and NRS Bromsgrove Aggregates Limited, both of which have the same registered office as NRS Kidderminster Holdings Limited. Full details of the investments can be found in the consolidated accounts prepared by the parent company Natural Resource Services Holding Company Limited.

7.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

170,826

10,566

Other debtors

870,000

-

VAT

-

793

1,040,826

11,359

Amounts falling due after more than one year:

Other debtors

-

870,000

Aggregate amounts

1,040,826

881,359

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

3,900

Amounts owed to group undertakings

1,345,292

1,938,117

VAT

582

-

Accrued expenses

6,970

4,620

1,352,844

1,946,637

9.	SECURED DEBTS

Any and all company debt with HSBC bank is secured by a debenture dated 14 August 2019 between NRS Kidderminster Holdings Limited and HSBC UK Bank Plc with a fixed and floating charge over all assets currently or at 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:

£

£

51

Ordinary

£0.01

1

1

49

A Ordinary

£0.01

-

-

1

1

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.	RELATED PARTY DISCLOSURES

13.	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.