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REGISTERED NUMBER: 09560418

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JUTE HOLDINGS LIMITED

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 6 |

JUTE HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| Directors: | R Kyle

| T J Mihill

| Registered office: | C/o Foresight Group Llp The Shard

| 32 London Bridge Street

| London

| SE1 9SG

| Registered number: | 09560418

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Directors

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

R Kyle

T J Mihill

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:

T J Mihill - Director

23 December 2025

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

31.3.25 | 31.3.24 |

as restated |

| Notes | £ | £

Turnover | - |  | - |  |

Administrative expenses | (24,000 | ) | (27,480 | ) |

Operating loss | (24,000 | ) | (27,480 | ) |

Income from participating interests | 2,873,711 |  | 2,343,839 |  |

2,849,711 |  | 2,316,359 |  |

Interest payable and similar expenses | (1,993,711 | ) | (1,507,648 | ) |

Profit before taxation | 856,000 |  | 808,711 |  |

Tax on profit | 4 | - |  | 156,433 |  |

Profit for the financial year | 856,000 |  | 965,144 |  |

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

BALANCE SHEET

31 MARCH 2025

31.3.25 | 31.3.24 |

as restated |

| Notes | £ | £

Fixed assets

Investments | 6 | 50,600,000 |  | 50,600,000 |  |

Current assets

Debtors | 7 | 6,486,076 |  | 3,654,222 |  |

Creditors

Amounts falling due within one year | 8 | (3,416,649 | ) | (1,440,795 | ) |

Net current assets | 3,069,427 |  | 2,213,427 |  |

Total assets less current liabilities | 53,669,427 |  | 52,813,427 |  |

Creditors

Amounts falling due after more than one year | 9 | (34,600,000 | ) | (34,600,000 | ) |

Net assets | 19,069,427 |  | 18,213,427 |  |

Capital and reserves

Called up share capital | 4,245,336 |  | 4,245,336 |  |

Share premium | 11,754,665 |  | 11,754,665 |  |

Retained earnings | 3,069,426 |  | 2,213,426 |  |

19,069,427 |  | 18,213,427 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

BALANCE SHEET - continued

31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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:

T J Mihill - Director

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | Statutory information

| Jute Holdings Limited is a private company, limited by shares , registered in Not specified/Other. 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.

| 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. | Taxation

| The tax charge on the profit for the year was as follows

|  | 31.03.25 |  |  | 31.03.24 |  |

| £ |  |  | £ |  |

| Current Tax: |  |

| Uk Corporation tax |  |  | 214,000 |  |  | 202,178 |  |

| Deferred Tax |  |  | 94,168 |  |  | (237,984 | ) |

| Group Relief |  |  | -214,000 |  |  | (120,627 | ) |

| Tax on Profit |  |  | 0 |  |  | 0 |  |

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | Prior year adjustment

| In the prior year, all intercompany balances were held as a debtor but to provide clarity the amounts owed from the subsidiaries have been split from the amounts due to the parent company. The loans to the subsidiary companies have now been recognised as an investment.

|  | 31/04/2024 |  | 31/04/2024 |  |

|  | As filed |  | Restated |  |

| Investments |  | - |  | 50,600,000 |  |

| Debtors due in less than 1yr |  | 2,146,573 |  | 3,226,149 |  |

| Debtors due in over 1yr |  | 16,000,001 |  | 1 |  |

| Creditors owed in less than 1yr |  | 66,853 |  | (1,440,795 | ) |

| Creditors owed in over 1 yr |  | - |  | (34,600,000 | ) |

| Net assets |  | 18,213,427 |  | 18,213,427 |  |

6. | Fixed asset investments

Loans to |

group |

undertakings |

| £

| At 1 April 2024

| and 31 March 2025 | 50,600,000 |  |

7. | Debtors

31.3.25 | 31.3.24 |

as restated |

| £ | £

| Amounts falling due within one year:

| Amounts owed by group undertakings | 5,987,669 |  | 3,226,149 |  |

| Other debtors | 498,406 |  | 428,072 |  |

6,486,075 |  | 3,654,221 |  |

| Amounts falling due after more than one year:

| Other debtors | 1 |  | 1 |  |

| Aggregate amounts | 6,486,076 |  | 3,654,222 |  |

JUTE HOLDINGS LIMITED (REGISTERED NUMBER: 09560418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | Creditors: amounts falling due within one year |

31.3.25 | 31.3.24 |

as restated |

| £ | £

| Trade creditors | 6,001 |  | 3,481 |  |

| Amounts owed to group undertakings | 3,410,648 |  | 1,507,648 |  |

| Taxation and social security | - |  | (70,334 | ) |

3,416,649 |  | 1,440,795 |  |

9. | Creditors: amounts falling due after more than one year |

31.3.25 | 31.3.24 |

as restated |

| £ | £

| Amounts owed to group undertakings | 34,600,000 |  | 34,600,000 |  |