REGISTERED NUMBER: 09449327 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Ion Steam Mill Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

G F Douglas

D P Hynd

R D Mason

S Parry

REGISTERED OFFICE:

1st Floor

Port of Liverpool Building

Pier Head

Liverpool

Merseyside

L3 1BY

REGISTERED NUMBER:

09449327 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

DIRECTORS

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

G F Douglas

D P Hynd

R D Mason

S Parry

MODERN SLAVERY AND HUMAN TRAFFICKING STATEMENT

1. Policy Statement

Ion Steam Mill Ltd is committed to preventing modern slavery and human trafficking in its business operations and supply chains. We adopt a zero-tolerance approach to any form of slavery, servitude, forced or compulsory labour, and human trafficking. We are dedicated to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in our operations.

This policy is published in compliance with the Modern Slavery Act 2015, Section 54(1).

2. Our Organisation and Supply Chains

Ion Steam Mill Ltd is a UK-based property developer delivering schemes in partnership with a range of public and private sector organisations. We operate entirely within the UK, engaging a broad supply chain including consultants, main contractors and subcontractors.

Our supply chains span:

o Design and professional consultancy services

o Construction and civil engineering contractors

o In limited instances suppliers of construction materials and products

We recognise that some areas of our supply chain may carry a higher risk of modern slavery, particularly where subcontracted labour or imported goods are involved.

3. Risk Assessment and Due Diligence

We take a risk-based approach to modern slavery, focused on prevention and early identification:

o Risk Mapping: We assess potential exposure to modern slavery within different tiers of our supply chain, with particular scrutiny of labour practices and sourcing of raw materials.

o Pre-Qualification Checks: All suppliers and subcontractors are required to complete due diligence questionnaires, confirming compliance with modern slavery legislation and disclosing any relevant policies or incidents.

o Onboarding Controls: Where risk is identified, further investigation and contractual assurances are required prior to engagement.

4. Supplier Engagement and Contractual Controls

We set clear expectations with our supply chain partners:

o Contractual Requirements: Our standard terms include obligations to comply with the Modern Slavery Act and require suppliers to cascade equivalent obligations to their own subcontractors.

o Ethical Procurement: We encourage sourcing from suppliers with recognised third-party certifications (e.g. FSC, BES 6001) and adherence to ethical standards.

o Corrective Action: In the event of suspected non-compliance, we reserve the right to investigate and take appropriate remedial or disciplinary measures, including termination of contracts.

5. Training and Awareness

We are committed to building internal capability and awareness.

o Employee Training: All staff receive training on identifying the sign: of modern slavery and understanding their responsibilities in preventing it.

o Toolkits and Resources: We make use of sector-specific guidance such as Stronger Together, the Gangmasters and Labour Abuse Authority (GLAA), and the Supply Chain Sustainability School.

6. Monitoring, Reporting and Accountability

We actively promote transparency and accountability:

o Whistleblowing Mechanism: We encourage the adoption of these mechanisms in our supply chain and have reporting channel is open to staff

o Incident Protocol: Any reported concerns are escalated for prompt investigation and, where necessary, reported to the Modern Slavery Helpline or relevant authorities.

o Performance Review: We review our processes annually, assessing the effectiveness of our controls and updating procedures accordingly.

7. Governance and Continuous Improvement

Our modern slavery commitments are embedded within our broader governance framework:

o The policy is owned by the Board of Directors and reviewed annually.

o Risk oversight sits with senior management, who report regularly on compliance matters.

o We participate in industry forums and collaborate with partners to share best practice and improve collective safeguards.

Approval

This policy has been approved by the Board of Directors of Ion Steam Mill Ltd and will be reviewed annually.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Parry - Director

15 December 2025

CURRENT ASSETS

Stocks

1

1

Cash at bank

16,715

8,609

16,716

8,610

CREDITORS

Amounts falling due within one year

4

7,479

5,601

NET CURRENT ASSETS

9,237

3,009

TOTAL ASSETS LESS CURRENT LIABILITIES

9,237

3,009

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

9,229

3,001

SHAREHOLDERS' FUNDS

9,237

3,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 15 December 2025 and were signed on its behalf by:

S Parry - Director

1.	STATUTORY INFORMATION

Ion Steam Mill Limited 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.

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.

Turnover

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Amounts owed to group undertakings

4,000

5,391

Tax

-

210

Accruals and deferred income

3,479

-

7,479

5,601

5.	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.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Ion Property Group Limited.