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REGISTERED NUMBER: 01316321 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

HOWDON POWER TRANSMISSION LIMITED

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

HOWDON POWER TRANSMISSION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | H Miles

| H S Pinkney

| F B M Slama

| SECRETARY: | Mrs L K Pinkney

| REGISTERED OFFICE: | Chargrove House

| Shurdington Road

| Shurdington

| Cheltenham

| Gloucestershire

| GL51 4GA

| BUSINESS ADDRESS: | Paganhill lane

| Cainscross

| Stroud

| Gloucestershire

| GL5 4JN

| REGISTERED NUMBER: | 01316321 (England and Wales)

| ACCOUNTANTS: | Randall & Payne LLP

| Chartered Accountants

| Chargrove House

| Shurdington Road

| Cheltenham

| Gloucestershire

| GL51 4GA

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

BALANCE SHEET

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 217,352 |  | 224,535 |  |

CURRENT ASSETS

Stocks | 5 | 480,258 |  | 480,939 |  |

Debtors | 6 | 89,553 |  | 127,587 |  |

Cash at bank and in hand | 340,963 |  | 342,675 |  |

910,774 |  | 951,201 |  |

CREDITORS

Amounts falling due within one year | 7 | 171,144 |  | 193,533 |  |

NET CURRENT ASSETS | 739,630 |  | 757,668 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 956,982 |  | 982,203 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (63,225 | ) | (69,473 | ) |

PROVISIONS FOR LIABILITIES | (12,605 | ) | (13,191 | ) |

NET ASSETS | 881,152 |  | 899,539 |  |

CAPITAL AND RESERVES

Called up share capital | 9,231 |  | 9,157 |  |

Share premium | 54,770 |  | 50,844 |  |

Retained earnings | 817,151 |  | 839,538 |  |

SHAREHOLDERS' FUNDS | 881,152 |  | 899,539 |  |

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

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

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

BALANCE SHEET - continued

30 APRIL 2025

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 January 2026 and were signed on its behalf by:

H Miles - Director | H S Pinkney - Director

F B M Slama - Director

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Howdon Power Transmission 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 (£).

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 represents the invoiced amount of goods manufactured of transmission products stated net of credit notes and value added tax. Sales are made within the United Kingdom (46%); the European Community (6%) and the USA (48%).

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost of buildings

| Improvements to property | - | 10% on cost, 7.5% on cost and 2% on cost

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 33% on cost

| Cost is derived as purchase price.

| Depreciation is charged from the date of acquisition to the date of disposal at the above rates.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

| 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.

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| There are no material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern since the company has sufficient cash and reserves available to be able to continue as a going concern for at least the next 12 months.

| Foreign currencies

| Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Provisions

| Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 9 ) .

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 May 2024 | 215,792 |  | 108,423 |  | 134,742 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 30 April 2025 | 215,792 |  | 108,423 |  | 134,742 |  |

| DEPRECIATION

| At 1 May 2024 | 51,790 |  | 51,841 |  | 134,742 |  |

| Charge for year | 4,316 |  | 8,425 |  | - |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 30 April 2025 | 56,106 |  | 60,266 |  | 134,742 |  |

| NET BOOK VALUE

| At 30 April 2025 | 159,686 |  | 48,157 |  | - |  |

| At 30 April 2024 | 164,002 |  | 56,582 |  | - |  |

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 4,462 |  | 25,148 |  | 488,567 |  |

| Additions | - |  | 7,496 |  | 7,496 |  |

| Disposals | (277 | ) | (11,370 | ) | (11,647 | ) |

| At 30 April 2025 | 4,185 |  | 21,274 |  | 484,416 |  |

| DEPRECIATION

| At 1 May 2024 | 2,524 |  | 23,135 |  | 264,032 |  |

| Charge for year | 288 |  | 754 |  | 13,783 |  |

| Eliminated on disposal | (263 | ) | (10,488 | ) | (10,751 | ) |

| At 30 April 2025 | 2,549 |  | 13,401 |  | 267,064 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,636 |  | 7,873 |  | 217,352 |  |

| At 30 April 2024 | 1,938 |  | 2,013 |  | 224,535 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 480,258 |  | 480,939 |  |

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 65,302 |  | 100,269 |  |

| VAT | 3,405 |  | 6,224 |  |

| Prepayments | 20,846 |  | 21,094 |  |

89,553 |  | 127,587 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 6,457 |  | 6,457 |  |

| Payments on account | 34,088 |  | 22,248 |  |

| Trade creditors | 105,428 |  | 135,814 |  |

| UK Corporation tax | (6,249 | ) | 2,570 |  |

| Social security and other taxes | 3,840 |  | 3,341 |  |

| Other creditors | 17,268 |  | 13 |  |

| Pension Control Account | 961 |  | 855 |  |

| Directors' loan accounts | 5,563 |  | 18,652 |  |

| Accruals and deferred income | 3,788 |  | 3,583 |  |

171,144 |  | 193,533 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 6,457 |  | 6,457 |  |

| Bank loans - 2-5 years | 19,370 |  | 19,370 |  |

| Bank loans | 37,398 |  | 43,646 |  |

63,225 |  | 69,473 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 37,398 |  | 43,646 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Mortgage with HSBC | 69,681 |  | 75,929 |  |

| The debenture dated 16 January 2013 is held at HSBC Bank Plc.

| The debenture is secured on the property known as Howdon Power Transmission Limited, Paganhill Lane, Cainscross, Stroud, Gloucestershire, GL5 4JT.

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

10. | TRANSACTIONS WITH DIRECTORS

| The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| H Miles

| Balance outstanding at start of year | (6,425 | ) | (6,467 | ) |

| Amounts advanced | 1,804 |  | 354 |  |

| Amounts repaid | (312 | ) | (312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (4,933 | ) | (6,425 | ) |

| T G Wilkins deceased

| Balance outstanding at start of year | (11,882 | ) | (11,924 | ) |

| Amounts advanced | 11,882 |  | 354 |  |

| Amounts repaid | - |  | (312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (11,882 | ) |

| H S Pinkney

| Balance outstanding at start of year | (345 | ) | (387 | ) |

| Amounts advanced | 339 |  | 354 |  |

| Amounts repaid | (312 | ) | (312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (318 | ) | (345 | ) |

| F B M Slama

| Balance outstanding at start of year | - |  | - |  |

| Amounts repaid | (312 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (312 | ) | - |  |

| No interest is being charged on the loans from the directors and there are no set repayment terms.