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REGISTERED NUMBER: 04307232 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2025

for

Dante FS Group Ltd

| Dante FS Group Ltd (Registered number: 04307232) |

Contents of the Consolidated Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Consolidated Income Statement | 7 |

| Consolidated Other Comprehensive Income | 8 |

| Consolidated Balance Sheet | 9 |

| Company Balance Sheet | 10 |

| Consolidated Statement of Changes in Equity | 11 |

| Company Statement of Changes in Equity | 12 |

| Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Cash Flow Statement | 14 |

| Notes to the Consolidated Financial Statements | 15 |

| Dante FS Group Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | D G Roberts

| B D Sinnott

| A Roskell

| N Corney

| SECRETARY: | D G Roberts

| REGISTERED OFFICE: | Seymour Chambers

| 92 London Road

| Liverpool

| Merseyside

| L3 5NW

| REGISTERED NUMBER: | 04307232 (England and Wales)

| AUDITORS: | Douglas Fairless Partnership

| Chartered Certified Accountants

| and Statutory Auditors

| Seymour Chambers

| 92 London Road

| Liverpool

| Merseyside

| L3 5NW

| Dante FS Group Ltd (Registered number: 04307232) |

Group Strategic Report

for the Year Ended 31 March 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

Dante FS Group Ltd trades as a commercial buildings maintenance and project delivery business specialising in fire detection and suppression, CCTV, access control, mechanical & electrical, and fabrication. The business is based in the North West, but has been operating successfully nationwide for over 20 years.The business started as a fire and security installation business but over the years has diversified successfully into other markets.

Dante FS Group Ltd is the parent company of Cathedral Building Services Ltd. Dante FS Group Ltd acquired 100% of the share capital of Cathedral Building Services Ltd in 2021. Cathedral Building Services Ltd operates the southern arm of the Dante FS Group Ltd operations as well as servicing it's various long standing maintenance contracts.

REVIEW OF BUSINESS

The year to 31 March 2025 has seen Dante FS Group Ltd maintain it's market position and take advantage of growth in the fire stopping market. We have continued to services our larger contracts whilst still retaining our core customer base and bringing in new contracts during 2025. Group turnover has increased by 7.44% with 2025 results coming in at £14.4 million (2024 - £13.4 million). Our core business excluding the subsidiary figure shows turnover of £12.5m, an 11.92% increase on 2024 (£11.1m) and represents the second highest level of turnover since we started trading over 20 years ago..

Group gross profit margins remained consistent at 27.15% (2024 - 28.02%), maintaining the increased level established last year compared with 2023 (20.70%), due to being able to utilise our workforce across a greater number of contracts reducing the need for the group to source external contractors. Net profit margins prior to depreciation and other accounting adjustments have decreased to 7.02% return on turnover, compared to 7.66% in 2024. Management will seek to improve these margins in the coming years.

The group balance sheet continues to show strong year on year increases, group reserves now stand at £1,111,912 compared with £796,424 for 2024 (as detailed on pg 10). With our long term debts reducing (see page 26), the cash flow position of the business (as detailed on page 14) is expected to improve significantly through 2025/26 and beyond, which will provide us with opportunities to expand the business further.

PRINCIPAL RISKS AND UNCERTAINTIES

The principle risks to the business will always remain the cash available in the business to service our debts and allow us the working capital to perform the contracts driving our revenue streams. Bad debts, particularly on our larger contracts pose a risk to the cash flow position of the business. The use of invoice financing companies means we are managing this risk successfully. Whilst the cash flow is working in our favour in 2024 and due to the contracts and customer base that we have in place, there are no current or impending threats to the going concern basis of preparation, management consider the going concern basis of preparation to remain appropriate for the foreseeable future.

ON BEHALF OF THE BOARD:

D G Roberts - Director

5 February 2026

| Dante FS Group Ltd (Registered number: 04307232) |

Report of the Directors

for the Year Ended 31 March 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of Commercial buildings maintenance and project delivery, specialising in fire detection and suppression, CCTV, access control, mechanical & electrical, and fabrication.

DIVIDENDS

An interim dividend of £3,125 per share was paid on 30 April 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 300,000 .

DIRECTORS

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

D G Roberts

B D Sinnott

A Roskell

N Corney

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Douglas Fairless Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D G Roberts - Director

5 February 2026

Report of the Independent Auditors to the Members of

Dante FS Group Ltd

Opinion

We have audited the financial statements of Dante FS Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Dante FS Group Ltd

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Dante FS Group Ltd

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

In identifying and assessing risks of material misstatement in the financial statements in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, the control environment and the impact of business performance on Directors earnings.

- results of our enquiries of management and key finance persons about their own identification and assessment of the risks and irregularities.

- any matters we identified after obtaining and reviewing company policies and procedures relating to; identifying, evaluating and complying with laws and regulations. Detecting and responding to risks of fraud. The internal controls in place to mitigate the risks of fraud or non-compliance with laws and regulations.

From this assessment, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis of our opinion. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance, reviewing correspondence with HMRC; and

- in addressing the risk of fraud through management override of controls; we have tested the operational effectiveness of internal controls relevant to the financial statements, tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Mr Gregory Newton FCCA (Senior Statutory Auditor)

for and on behalf of Douglas Fairless Partnership

Chartered Certified Accountants

and Statutory Auditors

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

5 February 2026

| Dante FS Group Ltd (Registered number: 04307232) |

Consolidated

Income Statement

for the Year Ended 31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 14,430,716 |  | 13,430,822 |  |

Cost of sales | 10,512,632 |  | 9,667,598 |  |

GROSS PROFIT | 3,918,084 |  | 3,763,224 |  |

Distribution costs | 6,834 |  | 8,629 |  |

Administrative expenses | 3,020,463 |  | 2,844,684 |  |

|  |  | 3,027,297 |  |  |  |  | 2,853,313 |  |

890,787 |  | 909,911 |  |

Other operating income | - |  | 2,555 |  |

OPERATING PROFIT | 5 | 890,787 |  | 912,466 |  |

Interest receivable and similar income | 119 |  | 1,458 |  |

890,906 |  | 913,924 |  |

Interest payable and similar expenses | 6 | 26,661 |  | 45,207 |  |

PROFIT BEFORE TAXATION | 864,245 |  | 868,717 |  |

Tax on profit | 7 | 258,724 |  | 211,436 |  |

PROFIT FOR THE FINANCIAL YEAR | 605,521 |  | 657,281 |  |

Profit attributable to:

Owners of the parent | 615,488 |  | 665,260 |  |

Non-controlling interests | (9,967 | ) | (7,979 | ) |

605,521 |  | 657,281 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Consolidated

Other Comprehensive Income

for the Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 605,521 |  | 657,281 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 605,521 |  |

Prior year adjustment | (2,152,869 | ) |

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT | (1,495,588 | ) |

Total comprehensive income attributable to:

Owners of the parent | 605,521 |  | (1,495,588 | ) |

| Dante FS Group Ltd (Registered number: 04307232) |

Consolidated Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 555,305 |  | 646,305 |  |

Tangible assets | 11 | 242,094 |  | 291,389 |  |

Investments | 12 |

| Interest in associate | 27,672 |  | 17,706 |  |

825,071 |  | 955,400 |  |

CURRENT ASSETS

Stocks | 13 | 217,495 |  | 327,426 |  |

Debtors | 14 | 3,209,230 |  | 3,327,832 |  |

Cash at bank and in hand | 694,564 |  | 132,723 |  |

4,121,289 |  | 3,787,981 |  |

CREDITORS

Amounts falling due within one year | 15 | 3,638,637 |  | 3,655,240 |  |

NET CURRENT ASSETS | 482,652 |  | 132,741 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,307,723 |  | 1,088,141 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (153,811 | ) | (242,072 | ) |

PROVISIONS FOR LIABILITIES | 20 | (42,000 | ) | (49,643 | ) |

NET ASSETS | 1,111,912 |  | 796,426 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 98 |  | 98 |  |

Capital redemption reserve | 22 | 2 |  | 2 |  |

Retained earnings | 22 | 1,111,812 |  | 796,326 |  |

SHAREHOLDERS' FUNDS | 1,111,912 |  | 796,426 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2026 and were signed on its behalf by:

D G Roberts - Director

| Dante FS Group Ltd (Registered number: 04307232) |

Company Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 227,208 |  | 271,884 |  |

Investments | 12 | 953,119 |  | 953,119 |  |

1,180,327 |  | 1,225,003 |  |

CURRENT ASSETS

Stocks | 13 | 177,696 |  | 277,399 |  |

Debtors | 14 | 3,282,011 |  | 3,370,872 |  |

Cash at bank and in hand | 282,319 |  | 53,101 |  |

3,742,026 |  | 3,701,372 |  |

CREDITORS

Amounts falling due within one year | 15 | 3,400,035 |  | 3,593,998 |  |

NET CURRENT ASSETS | 341,991 |  | 107,374 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,522,318 |  | 1,332,377 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (153,811 | ) | (242,072 | ) |

PROVISIONS FOR LIABILITIES | 20 | (38,786 | ) | (45,445 | ) |

NET ASSETS | 1,329,721 |  | 1,044,860 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 98 |  | 98 |  |

Capital redemption reserve | 22 | 2 |  | 2 |  |

Retained earnings | 22 | 1,329,621 |  | 1,044,760 |  |

SHAREHOLDERS' FUNDS | 1,329,721 |  | 1,044,860 |  |

Company's profit for the financial year | 584,861 |  | 823,390 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2026 and were signed on its behalf by:

D G Roberts - Director

| Dante FS Group Ltd (Registered number: 04307232) |

Consolidated Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 98 |  | 2,539,295 |  | 2 |  | 2,539,395 |  |

Prior year adjustment | - |  | (2,152,869 | ) | - |  | (2,152,869 | ) |

As restated | 98 |  | 386,426 |  | 2 |  | 386,526 |  |

Changes in equity

Dividends | - |  | (255,360 | ) | - |  | (255,360 | ) |

Total comprehensive income | - |  | 665,260 |  | - |  | 665,260 |  |

Balance at 31 March 2024 | 98 |  | 796,326 |  | 2 |  | 796,426 |  |

Changes in equity

Dividends | - |  | (300,000 | ) | - |  | (300,000 | ) |

Total comprehensive income | - |  | 615,488 |  | - |  | 615,488 |  |

Balance at 31 March 2025 | 98 |  | 1,111,814 |  | 2 |  | 1,111,914 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Company Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 98 |  | 2,629,599 |  | 2 |  | 2,629,699 |  |

Prior year adjustment | - |  | (2,152,869 | ) | - |  | (2,152,869 | ) |

As restated | 98 |  | 476,730 |  | 2 |  | 476,830 |  |

Changes in equity

Dividends | - |  | (255,360 | ) | - |  | (255,360 | ) |

Total comprehensive income | - |  | 823,390 |  | - |  | 823,390 |  |

Balance at 31 March 2024 | 98 |  | 1,044,760 |  | 2 |  | 1,044,860 |  |

Changes in equity

Dividends | - |  | (300,000 | ) | - |  | (300,000 | ) |

Total comprehensive income | - |  | 584,861 |  | - |  | 584,861 |  |

Balance at 31 March 2025 | 98 |  | 1,329,621 |  | 2 |  | 1,329,721 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,106,966 |  | 651,154 |  |

Interest paid | (23,959 | ) | (43,382 | ) |

Interest element of hire purchase payments paid | (2,702 | ) | (1,825 | ) |

Tax paid | (228,134 | ) | (41,222 | ) |

Net cash from operating activities | 852,171 |  | 564,725 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (13,987 | ) | (103,072 | ) |

Sale of tangible fixed assets | 10,167 |  | 11,331 |  |

Interest received | 119 |  | 1,458 |  |

Net cash from investing activities | (3,701 | ) | (90,283 | ) |

Cash flows from financing activities

Loan repayments in year | (57,407 | ) | (61,169 | ) |

Adjustment to loan interest | - |  | 23,181 |  |

Capital repayments in year | (20,067 | ) | 41,216 |  |

Amount introduced by directors | 1 |  | - |  |

Amount withdrawn by directors | 90,844 |  | (335,101 | ) |

Equity dividends paid | (300,000 | ) | (255,360 | ) |

Net cash from financing activities | (286,629 | ) | (587,233 | ) |

Increase/(decrease) in cash and cash equivalents | 561,841 |  | (112,791 | ) |

Cash and cash equivalents at beginning of year | 2 | 132,723 |  | 245,514 |  |

Cash and cash equivalents at end of year | 2 | 694,564 |  | 132,723 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 31.3.25 |  | 31.3.24

£ | £ |

| Profit before taxation | 864,245 |  | 868,717 |  |

| Depreciation charges | 148,862 |  | 159,974 |  |

| Profit on disposal of fixed assets | (4,749 | ) | (3,667 | ) |

| Finance costs | 26,661 |  | 45,207 |  |

| Finance income | (119 | ) | (1,458 | ) |

1,034,900 |  | 1,068,773 |  |

| Decrease in stocks | 109,931 |  | 78,319 |  |

| Decrease in trade and other debtors | 27,757 |  | 343,159 |  |

| Decrease in trade and other creditors | (65,622 | ) | (839,097 | ) |

| Cash generated from operations | 1,106,966 |  | 651,154 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 694,564 |  | 132,723 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 132,723 |  | 245,514 |  |

3. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 132,723 |  | 561,841 |  | 694,564 |  |

132,723 |  | 561,841 |  | 694,564 |  |

| Debt

| Finance leases | (75,656 | ) | 20,067 |  | (55,589 | ) |

| Debts falling due within 1 year | (81,366 | ) | - |  | (81,366 | ) |

| Debts falling due after 1 year | (186,483 | ) | 57,407 |  | (129,076 | ) |

(343,505 | ) | 77,474 |  | (266,031 | ) |

| Total | (210,782 | ) | 639,315 |  | 428,533 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Dante FS Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Basis of consolidation

| The consolidated financial statements incorporate those of Dante FS Group Ltd and all of its subsidiaries. Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

| All financial statements are made up to 31st March each year. Where necessary, adjustments are made to the financial statements of the subsidiary to bring accounting policies in line with those used by the group.

| All intra-group transactions and balances between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.

| Associates

| Investments in associates are carried on the group balance sheet using the equity method.

| Turnover

| The turnover in the profit and loss account represents revenue recognised on installation and maintenance works fully delivered during the period exclusive of value added tax. Revenue on monitoring contracts are recognised based on the accrued contract period.

| Goodwill

| Goodwill represents the difference between the cost of a business combination and the group's interest in the fair value of the identifiable assets and liabilities of the acquiree at the acquisition date. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

| Goodwill is amortised over it's expected useful life which is estimated to be 10 years. Goodwill is assessed for impairment, when there are indicators of impairment, any impairment is charged to the profit and loss account.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Short leasehold | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance and 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost and 25% on reducing balance

| Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Work In Progress is calculated by reference to costs directly incurred on installations and maintenance contracts which have not yet been invoiced and recognised as revenue in the year.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

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

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| Revenue analysed by category was as follows:

|  | 31.03.25 |  | 31.03.24 |  |

|  | £ |  | £ |  |

| Rendering of Services |  | 14,430,716 |  | 13,430,822 |  |

|  | 14,430,716 |  | 13,430,822 |  |

4. | EMPLOYEES AND DIRECTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Wages and salaries | 2,788,998 |  | 2,453,367 |  |

| Social security costs | 309,395 |  | 262,671 |  |

| Other pension costs | 71,325 |  | 50,790 |  |

3,169,718 |  | 2,766,828 |  |

| The average number of employees during the year was as follows:

| 31.3.25 |  | 31.3.24

| Directors | 4 |  | 4 |  |

| Management | 2 |  | 3 |  |

| Other | 67 |  | 62 |  |

73 |  | 69 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 73 (2024 - 78 ) .

| 31.3.25 |  | 31.3.24

£ | £ |

| Directors' remuneration | 37,710 |  | 37,710 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire of plant and machinery | 143,225 |  | 102,049 |  |

| Depreciation - owned assets | 51,747 |  | 57,616 |  |

| Depreciation - assets on hire purchase contracts | 6,116 |  | 11,360 |  |

| Profit on disposal of fixed assets | (4,749 | ) | (3,672 | ) |

| Goodwill amortisation | 91,000 |  | 91,000 |  |

| Auditors' remuneration | 10,450 |  | 14,500 |  |

| Other non- audit services | 11,358 |  | 5,103 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loan interest | 23,959 |  | 43,382 |  |

| Hire purchase | 2,702 |  | 1,825 |  |

26,661 |  | 45,207 |  |

7. | TAXATION

| Analysis of the tax charge

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Current tax:

| UK corporation tax | 266,367 |  | 190,903 |  |

| Deferred tax | (7,643 | ) | 20,533 |  |

| Tax on profit | 258,724 |  | 211,436 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Profit before tax | 864,245 |  | 868,717 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 216,061 |  | 217,179 |  |

| Effects of:

| Expenses not deductible for tax purposes | 16,431 |  | 14,098 |  |

| Income not taxable for tax purposes | (1,187 | ) | - |  |

| Capital allowances in excess of depreciation | - |  | (6,608 | ) |

| Depreciation in excess of capital allowances | 13,337 |  | - |  |

| Utilisation of tax losses | - |  | (58,809 | ) |

| Structural Buildings Allowance | (549 | ) | (549 | ) |

| Deferred taxation movement | (7,643 | ) | 20,533 |  |

| Inter-group transactions affecting tax | (476 | ) | 2,842 |  |

| Goodwill | 22,750 |  | 22,750 |  |

| Total tax charge | 258,724 |  | 211,436 |  |

8. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

9. | DIVIDENDS

| 31.3.25 |  | 31.3.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 300,000 |  | 255,360 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

10. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 910,001 |  |

| AMORTISATION

| At 1 April 2024 | 263,696 |  |

| Amortisation for year | 91,000 |  |

| At 31 March 2025 | 354,696 |  |

| NET BOOK VALUE

| At 31 March 2025 | 555,305 |  |

| At 31 March 2024 | 646,305 |  |

11. | TANGIBLE FIXED ASSETS

| Group

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | 180,208 |  | 18,663 |  | 187,127 |  |

| Additions | - |  | - |  | 7,150 |  |

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

| At 31 March 2025 | 180,208 |  | 18,663 |  | 194,277 |  |

| DEPRECIATION

| At 1 April 2024 | 90,104 |  | 13,688 |  | 152,320 |  |

| Charge for year | 18,021 |  | 1,244 |  | 10,490 |  |

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

| At 31 March 2025 | 108,125 |  | 14,932 |  | 162,810 |  |

| NET BOOK VALUE

| At 31 March 2025 | 72,083 |  | 3,731 |  | 31,467 |  |

| At 31 March 2024 | 90,104 |  | 4,975 |  | 34,807 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

11. | TANGIBLE FIXED ASSETS - continued

| Group

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 247,636 |  | 169,392 |  | 803,026 |  |

| Additions | - |  | 6,837 |  | 13,987 |  |

| Disposals | (52,067 | ) | - |  | (52,067 | ) |

| At 31 March 2025 | 195,569 |  | 176,229 |  | 764,946 |  |

| DEPRECIATION

| At 1 April 2024 | 126,202 |  | 129,324 |  | 511,638 |  |

| Charge for year | 16,158 |  | 11,950 |  | 57,863 |  |

| Eliminated on disposal | (46,649 | ) | - |  | (46,649 | ) |

| At 31 March 2025 | 95,711 |  | 141,274 |  | 522,852 |  |

| NET BOOK VALUE

| At 31 March 2025 | 99,858 |  | 34,955 |  | 242,094 |  |

| At 31 March 2024 | 121,434 |  | 40,068 |  | 291,388 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024 | 123,332 |  |

| Transfer to ownership | (44,133 | ) |

| At 31 March 2025 | 79,199 |  |

| DEPRECIATION

| At 1 April 2024 | 53,462 |  |

| Charge for year | 6,116 |  |

| Transfer to ownership | (32,280 | ) |

| At 31 March 2025 | 27,298 |  |

| NET BOOK VALUE

| At 31 March 2025 | 51,901 |  |

| At 31 March 2024 | 69,870 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

11. | TANGIBLE FIXED ASSETS - continued

| Company

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | 180,208 |  | 13,241 |  | 179,183 |  |

| Additions | - |  | - |  | 7,151 |  |

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

| At 31 March 2025 | 180,208 |  | 13,241 |  | 186,334 |  |

| DEPRECIATION

| At 1 April 2024 | 90,104 |  | 10,977 |  | 144,377 |  |

| Charge for year | 18,021 |  | 566 |  | 10,489 |  |

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

| At 31 March 2025 | 108,125 |  | 11,543 |  | 154,866 |  |

| NET BOOK VALUE

| At 31 March 2025 | 72,083 |  | 1,698 |  | 31,468 |  |

| At 31 March 2024 | 90,104 |  | 2,264 |  | 34,806 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 172,806 |  | 162,192 |  | 707,630 |  |

| Additions | - |  | 5,458 |  | 12,609 |  |

| Disposals | (40,333 | ) | - |  | (40,333 | ) |

| At 31 March 2025 | 132,473 |  | 167,650 |  | 679,906 |  |

| DEPRECIATION

| At 1 April 2024 | 67,747 |  | 122,541 |  | 435,746 |  |

| Charge for year | 12,249 |  | 11,282 |  | 52,607 |  |

| Eliminated on disposal | (35,655 | ) | - |  | (35,655 | ) |

| At 31 March 2025 | 44,341 |  | 133,823 |  | 452,698 |  |

| NET BOOK VALUE

| At 31 March 2025 | 88,132 |  | 33,827 |  | 227,208 |  |

| At 31 March 2024 | 105,059 |  | 39,651 |  | 271,884 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

11. | TANGIBLE FIXED ASSETS - continued

| Company

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 79,199 |  |

| DEPRECIATION

| At 1 April 2024 | 21,182 |  |

| Charge for year | 6,116 |  |

| At 31 March 2025 | 27,298 |  |

| NET BOOK VALUE

| At 31 March 2025 | 51,901 |  |

| At 31 March 2024 | 58,017 |  |

12. | FIXED ASSET INVESTMENTS

| Group

| Interest

| in

| associate

£ |

| COST

| At 1 April 2024 | 17,706 |  |

| Share of profit/(loss) | 9,966 |  |

| At 31 March 2025 | 27,672 |  |

| NET BOOK VALUE

| At 31 March 2025 | 27,672 |  |

| At 31 March 2024 | 17,706 |  |

| Company

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 856,459 |  | 96,660 |  | 953,119 |  |

| NET BOOK VALUE

| At 31 March 2025 | 856,459 |  | 96,660 |  | 953,119 |  |

| At 31 March 2024 | 856,459 |  | 96,660 |  | 953,119 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

12. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiary

| Cathedral Building Services Ltd

| Registered office: Seymour Chambers, 92 London Road, Liverpool, England, L3 5NW

| Nature of business: Facilities management services

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 161,799 |  | 52,040 |  |

| Profit for the year | 309,759 |  | 236,261 |  |

| Associated company

| Dante Fire & Security (NE) Ltd

| Registered office: Seymour Chambers, 92 London Road, Liverpool, Merseyside, L3 5NW

| Nature of business: Fire & Security systems installations

| %

| Class of shares: | holding |

| Ordinary | 25.00 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | 26,254 |  | 21,388 |  |

| Profit for the year | 39,866 |  | 31,914 |  |

13. | STOCKS

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Stocks | 20,600 |  | 21,200 |  | 20,600 |  | 21,200 |  |

| Work-in-progress | 196,895 |  | 306,226 |  | 157,096 |  | 256,199 |  |

217,495 |  | 327,426 |  | 177,696 |  | 277,399 |  |

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Trade debtors | 2,702,589 |  | 2,767,708 |  | 2,790,063 |  | 2,816,681 |  |

| Other debtors | 225,376 |  | 213,360 |  | 221,601 |  | 209,585 |  |

| Directors' current accounts | 203,819 |  | 294,664 |  | 203,819 |  | 294,663 |  |

| Accruals | 31,797 |  | - |  | 21,526 |  | - |  |

| Prepayments | 45,649 |  | 52,100 |  | 45,002 |  | 49,943 |  |

3,209,230 |  | 3,327,832 |  | 3,282,011 |  | 3,370,872 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 17) | 81,366 |  | 81,366 |  | 81,366 |  | 81,366 |  |

| Hire purchase contracts (see note 18) | 30,854 |  | 20,067 |  | 30,854 |  | 18,115 |  |

| Trade creditors | 1,744,408 |  | 1,524,540 |  | 1,640,744 |  | 1,467,706 |  |

| Corporation taxation | 269,639 |  | 231,406 |  | 163,538 |  | 108,232 |  |

| Social security and other taxes | 98,071 |  | 80,784 |  | 82,839 |  | 64,799 |  |

| VAT | 248,876 |  | 474,717 |  | 236,949 |  | 475,792 |  |

| Other creditors | 13,998 |  | 10,912 |  | 11,269 |  | 8,892 |  |

| Factoring account | 949,427 |  | 1,030,036 |  | 949,427 |  | 1,030,036 |  |

| Credit card | 40,760 |  | 70,526 |  | 40,760 |  | 69,978 |  |

| Inter-company | - |  | - |  | 33,677 |  | 155,358 |  |

| Accruals and deferred income | 34,865 |  | 16,661 |  | 14,735 |  | 11,950 |  |

| Accrued expenses | 126,373 |  | 114,225 |  | 113,877 |  | 101,774 |  |

3,638,637 |  | 3,655,240 |  | 3,400,035 |  | 3,593,998 |  |

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

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Bank loans (see note 17) | 129,076 |  | 186,483 |  | 129,076 |  | 186,483 |  |

| Hire purchase contracts (see note 18) | 24,735 |  | 55,589 |  | 24,735 |  | 55,589 |  |

153,811 |  | 242,072 |  | 153,811 |  | 242,072 |  |

17. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 81,366 |  | 81,366 |  | 81,366 |  | 81,366 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | 81,366 |  | 81,366 |  | 81,366 |  | 81,366 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 47,710 |  | 105,117 |  | 47,710 |  | 105,117 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Gross obligations repayable:

| Within one year | 32,349 |  | 22,507 |  |

| Between one and five years | 26,180 |  | 58,529 |  |

58,529 |  | 81,036 |  |

| Finance charges repayable:

| Within one year | 1,495 |  | 2,440 |  |

| Between one and five years | 1,445 |  | 2,940 |  |

2,940 |  | 5,380 |  |

| Net obligations repayable:

| Within one year | 30,854 |  | 20,067 |  |

| Between one and five years | 24,735 |  | 55,589 |  |

55,589 |  | 75,656 |  |

| Company

| Hire purchase |

| contracts |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Gross obligations repayable:

| Within one year | 32,349 |  | 20,555 |  |

| Between one and five years | 26,180 |  | 58,529 |  |

58,529 |  | 79,084 |  |

| Finance charges repayable:

| Within one year | 1,495 |  | 2,440 |  |

| Between one and five years | 1,445 |  | 2,940 |  |

2,940 |  | 5,380 |  |

| Net obligations repayable:

| Within one year | 30,854 |  | 18,115 |  |

| Between one and five years | 24,735 |  | 55,589 |  |

55,589 |  | 73,704 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

18. | LEASING AGREEMENTS - continued

| Company

| Non-cancellable |

| operating leases |

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 246,642 |  | 235,945 |  |

| Between one and five years | 427,567 |  | 340,996 |  |

674,209 |  | 576,941 |  |

19. | SECURED DEBTS

| Cynergy Business Finance Limited has a fixed and floating charge over all the property and undertakings of the company in respect of its book debts.

20. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

| 31.3.25 |  | 31.3.24 |  | 31.3.25 |  | 31.3.24 |

£ | £ | £ | £ |

| Deferred Tax | 42,000 |  | 49,643 |  | 38,786 |  | 45,445 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 49,643 |  |

| Accelerated Capital allowances | (7,643 | ) |

| Balance at 31 March 2025 | 42,000 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 45,445 |  |

| Accelerated capital allowances | (6,659 | ) |

| Balance at 31 March 2025 | 38,786 |  |

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 98 |  | 98 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

22. | RESERVES

| Group

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 796,324 |  | 2 |  | 796,326 |  |

| Profit for the year | 615,488 |  | 615,488 |  |

| Dividends | (300,000 | ) | (300,000 | ) |

| At 31 March 2025 | 1,111,812 |  | 2 |  | 1,111,814 |  |

| Company

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 1,044,760 |  | 2 |  | 1,044,762 |  |

| Profit for the year | 584,861 |  | 584,861 |  |

| Dividends | (300,000 | ) | (300,000 | ) |

| At 31 March 2025 | 1,329,621 |  | 2 |  | 1,329,623 |  |

23. | PENSION COMMITMENTS

| The group operates a defined contributions pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund.The pension cost charge represents contributions payable by the company to the fund and amounted to £71,325 (2024 - £51,391). At the balance sheet date £13,998 (2024 - £10,912) was owing to the fund contained within other creditors.

24. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| D G Roberts

| Balance outstanding at start of year | 98,221 |  | (13,479 | ) |

| Amounts advanced | 72,252 |  | 200,154 |  |

| Amounts repaid | (102,533 | ) | (88,454 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 67,940 |  | 98,221 |  |

| B D Sinnott

| Balance outstanding at start of year | 98,221 |  | (13,479 | ) |

| Amounts advanced | 72,252 |  | 200,154 |  |

| Amounts repaid | (102,533 | ) | (88,454 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 67,940 |  | 98,221 |  |

| Dante FS Group Ltd (Registered number: 04307232) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

24. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| A Roskell

| Balance outstanding at start of year | 98,221 |  | (13,479 | ) |

| Amounts advanced | 72,252 |  | 200,155 |  |

| Amounts repaid | (102,533 | ) | (88,455 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 67,940 |  | 98,221 |  |

| The loans to the director's are unsecured, interest free and repayable on demand.

25. | RELATED PARTY DISCLOSURES

| Entities that provide key management personnel services to the entity

| 31.3.25 |  | 31.3.24

£ | £ |

| Management Fees | 536,724 |  | 42,788 |  |

| Purchases | 156,126 |  | 271,903 |  |

| Amount due from related party | 171,579 |  | 190,045 |  |

| Amount due to related party | 740 |  | 1,819 |  |

| These related parties provide key management services to Dante FS Group Ltd on normal commercial terms.

| Any loans between the parties is interest free and repayable on demand.

26. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Dante FS Holdings Ltd.

| The registered office of the parent is as follows.

| Seymour Chambers

| 92 London Road

| Liverpool

| L3 5NW