REGISTERED NUMBER: 08654173 (England and Wales)

Andawes Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

DS Jones

WDC Jones

L Anderson

NP Armstrong

O Pugholm

REGISTERED OFFICE:

Suite 5

Farington House

Lancashire Business Park

Leyland

Lancashire

PR26 6TW

REGISTERED NUMBER:

08654173 (England and Wales)

AUDITORS:

McMillan & Co LLP

Chartered Accountants and

Statutory Auditor

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Investments

5

200

200

CURRENT ASSETS

Debtors

6

1,757,411

1,507,411

Cash at bank

485,503

485,994

2,242,914

1,993,405

CREDITORS

Amounts falling due within one year

7

11,332

1,839

NET CURRENT ASSETS

2,231,582

1,991,566

TOTAL ASSETS LESS CURRENT LIABILITIES

2,231,782

1,991,766

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,231,682

1,991,666

SHAREHOLDERS' FUNDS

2,231,782

1,991,766

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 23 December 2025 and were signed on its behalf by:

DS Jones - Director

1.	STATUTORY INFORMATION

Andawes 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have ben rounded to the nearest £1.

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.

The company holds the shares in Jones Lighting Limited. Jones Lighting Limited has performed well in the year, with profit before tax of £2.8m (2024: £1.8m). It has on-going framework contracts and a strong pipeline of work.

United Infrastructure Limited, of which the company is now part, and which undertakes the treasury function, continues to meet its day to day working capital requirements and at the balance sheet date the Group had a cash balance of £70.2m.

In their assessment of going concern the directors have prepared cashflow forecasts for the company and the wider Group for the period to March 2027, showing a base case and a sensitised case reflecting a severe but plausible downside scenario.

The company continues to present a strong cash position and the Group's cash flow forecast support the directors' expectations that the business will be able to meet its obligations as they fall due. As a result, at the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements, and for the foreseeable future thereafter.

Consequently, they have continued to adopt the going concern basis of accounting in preparing these financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Andawes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments, bank balances and group debts, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

At 31 March 2024

200

The company's investments at the Balance Sheet date comprise of a 100% holding of the issued share capital of Jones Lighting Limited and Anderson & Heeley Limited. Jones Lighting Limited provides specialist street lighting and infrastructure services whilst Anderson & Heeley Limited is dormant. Both companies have their registered offices at Leyland Business Park, Lancashire PR25 3GR.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,757,411

1,507,411

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

100

100

Corporation tax

2,349

1,739

Directors' current accounts

8,883

-

11,332

1,839

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

Ordinary A

£1

51

51

24

Ordinary B

£1

24

24

25

Ordinary C

£1

25

25

100

100

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

The Report of the Auditors was unqualified.

Andrea Gerring FCA (Senior Statutory Auditor)

for and on behalf of McMillan & Co LLP

10.	RELATED PARTY DISCLOSURES

During the year, the company received dividends of £500,000 (2024: £500,000) from Jones Lighting Limited.

During the year dividends of £270,000 (2024: £268,000) were paid to directors.

11.	ULTIMATE CONTROLLING PARTY

From the commencement of the year until 18th March 2025 in the opinion of the directors the company was controlled by Mr DS Jones, a director of the company, and his immediate family.

From 18th March 2025, UI Utility Infrastructure Holdco Limited, incorporated in England and Wales, is regarded by directors of the company as the immediate parent company and UI TopCo Limited, incorporated in Jersey, is regarded as the ultimate parent company as at 31 March 2025.

The smallest and largest group in which the results of Andawes Limited are consolidated is headed by United Infrastructure Limited, a company incorporated in England and Wales. The financial statements of United Infrastructure Limited maybe obtained from Building 4 Clearwater, Lingley Green Avenue, Great Sankey, Warrington, Cheshire WA5 3UZ.

At the date of approval of these financial statements the Company is ultimately controlled by funds managed by Apollo Impact Mission Fund, L.P. a Delaware Limited Partnership on the basis that it holds a controlling interest in the voting rights of the share capital of UI TopCo Limited.