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REGISTERED NUMBER: 11085479 (England and Wales)

| MATHYS & SQUIRE CONSULTING LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

MATHYS & SQUIRE CONSULTING LIMITED (REGISTERED NUMBER: 11085479)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 6

MATHYS & SQUIRE CONSULTING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | A J S Macdougall

| Dr P D Cozens

| REGISTERED OFFICE: | The Shard

| 32 London Bridge Street

| London

| SE1 9SG

| REGISTERED NUMBER: | 11085479 (England and Wales)

| AUDITORS: | MHA

| Statutory Auditor

| Swansea, United Kingdom

| AUDITORS OFFICE: | MHA House

| Charter Court

| Phoenix Way

| Swansea Enterprise Park

| Swansea

| SA7 9FS

MATHYS & SQUIRE CONSULTING LIMITED (REGISTERED NUMBER: 11085479)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 204,066 |  | 77,820 |  |

Cash at bank | 67,659 |  | 79,946 |  |

271,725 |  | 157,766 |  |

CREDITORS

Amounts falling due within one year | 5 | 653,003 |  | 613,051 |  |

NET CURRENT LIABILITIES | (381,278 | ) | (455,285 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (381,278 | ) | (455,285 | ) |

CAPITAL AND RESERVES

Called up share capital | 6 | 1 |  | 1 |  |

Retained earnings | (381,279 | ) | (455,286 | ) |

SHAREHOLDERS' FUNDS | (381,278 | ) | (455,285 | ) |

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 5 December 2025 and were signed on its behalf by:

Dr P D Cozens - Director

MATHYS & SQUIRE CONSULTING LIMITED (REGISTERED NUMBER: 11085479)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Mathys & Squire Consulting 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 (£).

| Monetary amounts in these financial statements are rounded to the nearest £.

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.

| The principal accounting policies applied in the preparation of these financial statements are set out below.

| Significant judgements and estimates

| In the application of the company's accounting policies, directors are required to make judgements, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiences and other factors which are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period or if the revision affects both current and future periods.

| Recoverability of related party debtors

| The directors assess the recoverability of related party debtor balances at the reporting date and make provisions against balances where deemed necessary. The directors review the financial position of related party companies to assess their ability to repay the debt.

| Turnover and revenue recognition

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

| Turnover relating to the provision of services is recognised in the period to which it relates.

| Financial instruments

| Financial assets

| Basic financial assets, which include trade debtors, other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Financial liabilities

| Basic financial liabilities, including trade creditors and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

MATHYS & SQUIRE CONSULTING LIMITED (REGISTERED NUMBER: 11085479)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The amounts charged to the income statement represents the contributions payable to the scheme in respect of the accounting period.

| Grants

| Grants received relating to tangible fixed assets are treated as deferred income and released to the income statement over the estimated useful lives of the assets concerned. Revenue grants are credited to profit or loss on a received basis when the conditions of entitlement have been met.

| Accrued income

| Services provided to clients during the period which, at the statement of financial position date, have not been invoiced to clients have been recognised as turnover. Unbilled revenue is included in debtors as accrued income.

| Accrual for annual leave

| The company accrues for annual leave that was earned but not taken by employees at the statement of financial position date, as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next twelve months. The accrual is measured at the salary cost payable for the period of absence.

| Going concern

| The company has made a loss in the year and has net liabilities at the statement of financial position date. However the directors consider the future prospects of the company to be satisfactory. The company continues to gain support from other group members.

| No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors, therefore the financial statements have been prepared on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 4 ) .

MATHYS & SQUIRE CONSULTING LIMITED (REGISTERED NUMBER: 11085479)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 34,731 |  | 61,436 |  |

| Amounts owed by group undertakings | 157,481 |  | - |  |

| Other debtors | 11,854 |  | 16,384 |  |

204,066 |  | 77,820 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 7,676 |  | 8,608 |  |

| Amounts owed to group undertakings | 590,394 |  | 562,571 |  |

| Social security and other taxes | 10,515 |  | 5,191 |  |

| VAT | 30,695 |  | 14,544 |  |

| Other creditors | 2,312 |  | 1,997 |  |

| Accruals and deferred income | 11,411 |  | 20,140 |  |

653,003 |  | 613,051 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

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

| The Report of the Auditors was unqualified.

| Brian Garland BA ACA (Senior Statutory Auditor)

| for and on behalf of MHA

| MHA is the trading name of MHA Audit Services LLP, a limited liability

| partnership in England and Wales (registered number OC455542).

8. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company, in independently administered funds. The pension cost charge in the period £16,195 (2024 - £23,563) represents contributions payable by the company to the funds. At the Statement of Financial Position date there were pension contributions outstanding of £2,312 (2024 - £1,997).

MATHYS & SQUIRE CONSULTING LIMITED (REGISTERED NUMBER: 11085479)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | RELATED PARTY DISCLOSURES

| Mathys & Squire LLP

| Sole shareholder in Mathys & Squire Consulting Limited.

| During the year Mathys & Squire LLP supplied professional services to Mathys & Squire Consulting Limited of £8,128 (2024 - £0).

| During the year Mathys & Squire Consulting Limited supplied professional services to Mathys & Squire LLP of £153,984 (2024 - £91,600).

| At the statement of financial position date Mathys & Squire LLP owed £157,481 (2024 - £0) to Mathys & Squire Consulting Limited. The balance was interest-free and repayable on demand.

| Mathys & Squire Services Ltd

| Mathys & Squire LLP is the sole shareholder in Mathys & Squire Services Ltd.

| Mathys & Squire Services Ltd pay certain operating expenses on behalf of Mathys & Squire Consulting Limited, which are then re-billed to Mathys & Squire Consulting Limited . During the year these were £18,896 (2024 - £12,732).

| Mathys & Squire Services Ltd also bill Mathys & Squire Consulting Limited for London office space occupied by staff of Mathys & Squire Consulting Limited. During the year this was £20,000 (2024 - £20,000).

| At the statement of financial position date, Mathys & Squire Consulting Limited owed Mathys & Squire Services Ltd £590,394 (2024 - £562,571). The balance is interest-free and repayable on demand.

10. | ULTIMATE CONTROLLING PARTY

| Mathys & Squire LLP is the parent undertaking of the smallest and largest group of which this company is a member.

| Copies of Mathys & Squire LLP consolidated financial statements are available from the Registrar of Companies, Crown Way, Maindy, CF14 3UZ.

| Mathys & Squire LLP is controlled by its members as delegated to the management team and as such there is no one controlling party. The LLP does not have a parent undertaking. The ultimate controlling party of the group is considered to be the members in aggregate.