REGISTERED NUMBER: 08899643 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SERVOSTEEL (HOLDINGS) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Macready

Mr R W Burton

Mrs S J Ostins

REGISTERED OFFICE:

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

REGISTERED NUMBER:

08899643 (England and Wales)

AUDITORS:

Stanton Ralph & Co Limited

Chartered Accountants

Statutory Auditor

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

2,254,942

Investments

4

2,254,942

CURRENT ASSETS

2,268

Debtors

5

7,833

3,190

Cash at bank

2,737

5,458

10,570

CREDITORS

58,210

Amounts falling due within one year

6

30

(52,752

)

NET CURRENT ASSETS/(LIABILITIES)

10,540

2,202,190

TOTAL ASSETS LESS CURRENT LIABILITIES

2,265,482

CREDITORS

2,049,930

Amounts falling due after more than one year

7

2,115,469

152,260

NET ASSETS

150,013

CAPITAL AND RESERVES

106,384

Called up share capital

106,384

19,152

Share premium

19,152

26,724

Retained earnings

24,477

152,260

150,013

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 and authorised for issue by the Board of Directors and authorised for issue on 29th December 2025 and were signed on its behalf by:

Mrs S J Ostins - Director

Mr D Macready - Director

Mr R W Burton - Director

1.	STATUTORY INFORMATION

Servosteel (Holdings) 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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed the group's financial position, including its liquidity and funding arrangements, as well as its forecasts for the foreseeable future, which covers a period of 12 months from the date of approval of these financial statements.

In making this assessment, the directors have considered all relevant information including the group's current trading performance available funding, and future projections. Based on this review, the directors have a reasonable expectation that the group has adequate resources to continue in

operational existence for the foreseeable future including the impact of the post balance sheet event detailed in note 10. Accordingly, they have prepared the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Servosteel (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, Steelstrip Holdings Limited, Pensnett road, Dudley, DY1 2HA.

Turnover

Turnover comprises management charges and salary recharges receivable by the company in respect of services supplied to its trading subsidiary, exclusive of Value Added Tax.

Investments in subsidiaries

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

Impairment of investments

At each reporting date investments are reviewed to determine whether there is any indication that the investment has suffered an impairment loss. If there is an indication of possible impairment the recoverable amount of any affected investment is estimated and compared with its carrying amount. If the estimated recoverable amount is lower the carrying amount is reduced to its estimated recoverable amount and an impairment loss is immediately recognised in the income statement.

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 taxation assets and liabilities are not discounted.

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

Deferred taxation

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.

Pension costs and other post-retirement benefits

The company operates a Group Personal Pension Plan. The pension charge represents the amounts payable to the scheme in respect of the year.

Group relief

The benefit of group relief is accounted for within the tax charge of the profit making undertaking. No payment is made for group relief between group undertakings.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 4 ).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

2,254,942

NET BOOK VALUE

At 31st March 2025

2,254,942

At 31st March 2024

2,254,942

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Steelstrip Services Limited

Registered office: Pensnett Road, Dudley, West Midland, DY1 2HA

Nature of business: Steel processing and strip mill products

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

4,324,734

4,642,812

Profit for the year

178,199

678,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

7,833

2,268

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

30

3,877

Taxation and social security

-

11,799

Other creditors

-

42,534

30

58,210

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

2,115,469

2,049,930

The company has entered into a legal agreement with its subsidiary undertaking which confirms that all debt due as at 31st March 2025 is payable more than twelve months from the balance sheet date.

8.	SECURED DEBTS

A unlimited multilateral guarantee dated 28th March 2014 was given by the company and its subsidiary undertaking, Steelstrip Services Limited plus a fixed and floating charge over all of the assets of the company.

A cross guarantee exists between group companies where compensating balances are off-set against each other.

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

The Report of the Auditors was unqualified.

Ann Hill FCA (Senior Statutory Auditor)

for and on behalf of Stanton Ralph & Co Limited

10.	POST BALANCE SHEET EVENTS

During December 2025 the company's subsidiary undertaking, Steelstrip Services Ltd, reduced its share capital by £1,000,000. £800,000 of the reduction comprised a capital distribution paid to the company's reducing its cost of investment in Steelstrip Services Ltd. £200,000 of the reduction formed a distributable reserve used to pay a dividend to the company, which the company subsequently paid to its parent undertaking, Steelstrip Holdings Ltd.

11.	PARENT UNDERTAKING AND CONTROLLING PARTY

At the year end date Steelstrip Holdings Limited was regarded by the directors as being the company's ultimate parent undertaking. Steelstrip Holdings Limited prepares consolidated accounts and these are available from its registered office, Pensnett Road, Dudley, United Kingdom DY1 2HA.