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REGISTERED NUMBER: 10472770 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTOR AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MAY 2025 |

| FOR |

| RIDGEWAY BUILDING ENVELOPE GROUP LIMITED |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Income Statement | 9 |

| Consolidated Other Comprehensive Income | 10 |

| Consolidated Balance Sheet | 11 |

| Company Balance Sheet | 12 |

| Consolidated Statement of Changes in Equity | 13 |

| Company Statement of Changes in Equity | 14 |

| Consolidated Cash Flow Statement | 15 |

| Notes to the Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Financial Statements | 18 |

| RIDGEWAY BUILDING ENVELOPE GROUP LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MAY 2025

| DIRECTOR: | J L Arrowsmith

| REGISTERED OFFICE: | Unit 4

| The Perry Centre

| Davy Way

| Quedgeley

| Gloucestershire

| GL2 2AD

| REGISTERED NUMBER: | 10472770 (England and Wales)

| AUDITORS: | ESW Limited

| Chartered Accountants

| & Registered Auditors

| 162-164 High Street

| Rayleigh

| Essex

| SS6 7BS

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MAY 2025

The director presents his strategic report of the company and the group for the year ended 31st May 2025.

REVIEW OF BUSINESS

The directors are pleased to present our financial results for the year ending 31st May 2025. Construction industries continue to battle with the ongoing and challenging economic conditions. As a pro-actively management led company, it is our responsibility to ensure that we adapt to market conditions, and this includes the need to ensure that as a business we remain competitive even with the extra burden of increased taxation and legislative changes that enforce additional costs upon the business.

We continue to monitor and update, where necessary, a number of key performance indicators (KPI’s) both financial and non-financial. These are reviewed on an ongoing basis to ensure that as a business we are continually managing our performance.

FINANCIAL KPIs INCLUDE -

| 31st May 2025 |  | 31st May 2024 |  |

Turnover |  | £15,377,147 |  | £16,710,609 |  |

Gross Margin |  | £3,058,420 |  | £3,484,593 |  |

Gross Margin (%) |  | 19.89% |  | 20.85% |  |

Net Profit |  | £693,163 |  | £1,315,012 |  |

Net Profit (%) |  | 4.51% |  | 7.87% |  |

Profits are down and this is reflective of the slow down of economic activity within the UK construction sector. It is essential that during more challenging periods we remain focused on quality of projects and maintaining margin which we have done.

PRINCIPAL RISKS AND UNCERTAINTIES

World affairs continue to have a very direct impact upon trade. Our approach in managing external forces has always been to ensure that we are market aware and forward thinking so as to ensure that we are managing our position at all times. We do not consider there to be any significant change to principal risks or uncertainties.

FUTURE PROSPECTS

The directors and senior management team are confident that the with continued investment that has been made in the business both in terms of human resource and plant and machinery, the future opportunities for the business are strong. As a group, our strength is in the determination to be the very best that we can be, and we are very satisfied that this commitment will continue to provide outstanding ongoing opportunity for the group.

ON BEHALF OF THE BOARD:

J L Arrowsmith - Director

24th February 2026

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31ST MAY 2025

The director presents his report with the financial statements of the company and the group for the year ended 31st May 2025.

PRINCIPAL ACTIVITY

The group's primary activity remains focused on providing innovative and prestigious commercial glazing solutions to suit an extensive range of applications.

DIVIDENDS

The total interim dividends of £3,840 per ordinary share were paid during the year ended 31st May 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31st May 2025 will be £384,000.

DIRECTOR

J L Arrowsmith held office during the whole of the period from 1st June 2024 to the date of this report.

FINANCIAL INSTRUMENTS

Financial risk management

The group's operations expose it to a variety of financial risks that include the effect of changes in liquidity risk and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of debt finance and the related finance costs.

Given the size of the group, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. The policies set by the board of directors are implemented by the group's finance department.

Liquidity risk

The group actively maintains a mixture of long-term and short-term debt finance that is designed to ensure the group has sufficient available funds for operations and planned extensions.

Interest rate cash flow risk

The group only has interest bearing liabilities.

Credit risk

The group has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board.

Price risk

The group is exposed to commodity price risk as a result of its operations. However, given the size of the group's operations, the costs of managing exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.

POLITICAL DONATIONS AND EXPENDITURE

Donations paid during the year amounted to £2,575, none of which related to political organisations.

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31ST MAY 2025

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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, ESW Limited, will be proposed for appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J L Arrowsmith - Director

24th February 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED

Opinion

We have audited the financial statements of Ridgeway Building Envelope Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st May 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 31st May 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Director 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 Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED

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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The company is subject to numerous laws and regulations that could reasonably be expected to have a material effect on the financial statements. From our general commercial experience and discussion with management, we identified the following laws and regulations; environmental regulations, employment laws and regulations, health and safety, employment taxes, financial reporting and distributable profits.

Our audit procedures to address potential fraud and non-compliance with laws and regulations included:

- Enquiry of management regarding compliance with relevant laws and regulations, and any litigation or claims

- Review of legal correspondence and documentation

- Performance of analytical review to identify unexpected account movements and investigation of variances

- Assessment of potential management override by review of journals and unusual accounting entries

- Inspection of third-party supporting documentation

- Identification and review of transactions with related parties

- Review of year end cut-off and after date transactions

- Reconciliation of intercompany balances

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Cracknell FCA (Senior Statutory Auditor)

for and on behalf of ESW Limited

Chartered Accountants

& Registered Auditors

162-164 High Street

Rayleigh

Essex

SS6 7BS

24th February 2026

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 15,377,147 |  | 16,710,609 |  |

Cost of sales | (12,318,727 | ) | (13,226,016 | ) |

GROSS PROFIT | 3,058,420 |  | 3,484,593 |  |

Administrative expenses | (2,192,367 | ) | (2,005,362 | ) |

OPERATING PROFIT | 5 | 866,053 |  | 1,479,231 |  |

Interest receivable and similar income | 4,223 |  | 4,622 |  |

870,276 |  | 1,483,853 |  |

Interest payable and similar expenses | 6 | (177,113 | ) | (168,841 | ) |

PROFIT BEFORE TAXATION | 693,163 |  | 1,315,012 |  |

Tax on profit | 7 | (195,088 | ) | (279,293 | ) |

PROFIT FOR THE FINANCIAL YEAR | 498,075 |  | 1,035,719 |  |

Profit attributable to:

Owners of the parent | 498,075 |  | 1,035,719 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31ST MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 498,075 |  | 1,035,719 |  |

OTHER COMPREHENSIVE INCOME |

Revaluation movement

Movement in income tax relating to other

comprehensive income | - |  | (261 | ) |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | (261 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 498,075 |  | 1,035,458 |  |

Total comprehensive income attributable to:

Owners of the parent | 498,075 |  | 1,035,458 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

CONSOLIDATED BALANCE SHEET

31ST MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 3,751,087 |  | 3,712,437 |  |

Investments | 11 | - |  | - |  |

3,751,087 |  | 3,712,437 |  |

CURRENT ASSETS

Stocks | 12 | 1,223,714 |  | 1,089,407 |  |

Debtors | 13 | 3,775,479 |  | 3,816,848 |  |

Cash at bank | 16,746 |  | 564,505 |  |

5,015,939 |  | 5,470,760 |  |

CREDITORS

Amounts falling due within one year | 14 | (3,274,954 | ) | (3,419,129 | ) |

NET CURRENT ASSETS | 1,740,985 |  | 2,051,631 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,492,072 |  | 5,764,068 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (1,905,129 | ) | (2,287,453 | ) |

PROVISIONS FOR LIABILITIES | 19 | (664,974 | ) | (668,721 | ) |

NET ASSETS | 2,921,969 |  | 2,807,894 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 100 |  | 100 |  |

Revaluation reserve | 21 | 229,130 |  | 235,614 |  |

Retained earnings | 21 | 2,692,739 |  | 2,572,180 |  |

SHAREHOLDERS' FUNDS | 2,921,969 |  | 2,807,894 |  |

The financial statements were approved by the director and authorised for issue on 24th February 2026 and were signed by:

J L Arrowsmith - Director

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

COMPANY BALANCE SHEET

31ST MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 1,229,180 |  | 1,278,593 |  |

Investments | 11 | 300 |  | 300 |  |

1,229,480 |  | 1,278,893 |  |

CURRENT ASSETS

Debtors | 13 | 3,742 |  | 3,508 |  |

Cash at bank and in hand | 2,091 |  | 309 |  |

5,833 |  | 3,817 |  |

CREDITORS

Amounts falling due within one year | 14 | (123,895 | ) | (111,634 | ) |

NET CURRENT LIABILITIES | (118,062 | ) | (107,817 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,111,418 |  | 1,171,076 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (560,989 | ) | (591,700 | ) |

PROVISIONS FOR LIABILITIES | 19 | (87,946 | ) | (89,629 | ) |

NET ASSETS | 462,483 |  | 489,747 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 100 |  | 100 |  |

Revaluation reserve | 229,130 |  | 235,614 |  |

Retained earnings | 233,253 |  | 254,033 |  |

SHAREHOLDERS' FUNDS | 462,483 |  | 489,747 |  |

Company's profit for the financial year | 356,736 |  | 381,516 |  |

The financial statements were approved by the director and authorised for issue on 24th February 2026 and were signed by:

J L Arrowsmith - Director

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MAY 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1st June 2023 | 100 |  | 1,966,977 |  | 242,359 |  | 2,209,436 |  |

Changes in equity

Dividends | - |  | (437,000 | ) | - |  | (437,000 | ) |

Total comprehensive income | - |  | 1,042,203 |  | (6,745 | ) | 1,035,458 |  |

Balance at 31st May 2024 | 100 |  | 2,572,180 |  | 235,614 |  | 2,807,894 |  |

Changes in equity

Dividends | - |  | (384,000 | ) | - |  | (384,000 | ) |

Total comprehensive income | - |  | 504,559 |  | (6,484 | ) | 498,075 |  |

Balance at 31st May 2025 | 100 |  | 2,692,739 |  | 229,130 |  | 2,921,969 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MAY 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1st June 2023 | 100 |  | 303,033 |  | 242,359 |  | 545,492 |  |

Changes in equity

Dividends | - |  | (437,000 | ) | - |  | (437,000 | ) |

Total comprehensive income | - |  | 388,000 |  | (6,745 | ) | 381,255 |  |

Balance at 31st May 2024 | 100 |  | 254,033 |  | 235,614 |  | 489,747 |  |

Changes in equity

Dividends | - |  | (384,000 | ) | - |  | (384,000 | ) |

Total comprehensive income | - |  | 363,220 |  | (6,484 | ) | 356,736 |  |

Balance at 31st May 2025 | 100 |  | 233,253 |  | 229,130 |  | 462,483 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 829,321 |  | 1,787,925 |  |

Interest paid | (73,581 | ) | (98,448 | ) |

Interest element of hire purchase payments paid | (103,532 | ) | (70,393 | ) |

Tax refund | - |  | 20,624 |  |

Net cash from operating activities | 652,208 |  | 1,639,708 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (148,663 | ) | (154,100 | ) |

Sale of tangible fixed assets | 145,500 |  | 315,100 |  |

Interest received | 4,223 |  | 4,622 |  |

Net cash from investing activities | 1,060 |  | 165,622 |  |

Cash flows from financing activities

Loan repayments in year | (147,111 | ) | (198,268 | ) |

Capital repayments in year | (671,113 | ) | (514,122 | ) |

Amount introduced by directors | 1,197 |  | - |  |

Amount withdrawn by directors | - |  | (265 | ) |

Equity dividends paid | (384,000 | ) | (437,000 | ) |

Net cash from financing activities | (1,201,027 | ) | (1,149,655 | ) |

(Decrease)/increase in cash and cash equivalents | (547,759 | ) | 655,675 |  |

Cash and cash equivalents at beginning of year | 2 | 564,505 |  | (91,170 | ) |

Cash and cash equivalents at end of year | 2 | 16,746 |  | 564,505 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 693,163 |  | 1,315,012 |  |

| Depreciation charges | 397,126 |  | 299,560 |  |

| Loss/(profit) on disposal of fixed assets | 50,118 |  | (10,337 | ) |

| Finance costs | 177,113 |  | 168,841 |  |

| Finance income | (4,223 | ) | (4,622 | ) |

1,313,297 |  | 1,768,454 |  |

| (Increase)/decrease in stocks | (134,307 | ) | 278,246 |  |

| Decrease/(increase) in trade and other debtors | 41,369 |  | (198,225 | ) |

| Decrease in trade and other creditors | (391,038 | ) | (60,550 | ) |

| Cash generated from operations | 829,321 |  | 1,787,925 |  |

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 31st May 2025

| 31.5.25 |  | 1.6.24

£ | £ |

| Cash and cash equivalents | 16,746 |  | 564,505 |  |

| Year ended 31st May 2024

| 31.5.24 |  | 1.6.23

£ | £ |

| Cash and cash equivalents | 564,505 |  | 1 |  |

| Bank overdrafts | - |  | (91,171 | ) |

564,505 |  | (91,170 | ) |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MAY 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.6.24 | Cash flow | changes | At 31.5.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 564,505 |  | (547,759 | ) | 16,746 |  |

564,505 |  | (547,759 | ) | 16,746 |  |

| Debt

| Finance leases | (1,945,033 | ) | 671,113 |  | (482,731 | ) | (1,756,651 | ) |

| Debts falling due

| within 1 year | (163,067 | ) | - |  | - |  | (163,067 | ) |

| Debts falling due

| after 1 year | (771,766 | ) | 147,111 |  | - |  | (624,655 | ) |

(2,879,866 | ) | 818,224 |  | (482,731 | ) | (2,544,373 | ) |

| Total | (2,315,361 | ) | 270,465 |  | (482,731 | ) | (2,527,627 | ) |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

1. | STATUTORY INFORMATION

| Ridgeway Building Envelope Group 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 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 as modified by the revaluation of certain assets.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| - Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;

| - Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;

| - Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

| - Section 33 'Related Party Disclosures' - Compensation for key management personnel.

| Basis of consolidation

| The consolidated financial statements include the accounts of the company and its subsidiary undertakings. The results of subsidiaries acquired or sold are included in the profit and loss account from the date control passes to or from the parent undertaking. Intra-group sales, profits and balances are eliminated in full on consolidation.

| Turnover

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

| Revenue from manufacturing and installation contracts is recognised by reference to the stage of completion of the contract activity at the end of the reporting period. Revenue is based upon surveys of measured works and materials at the stage of completion of each contract.

| 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.

| Freehold property | - | 2% on cost

| Improvements to property | - | 20% on reducing balance and 2% on cost

| Plant and machinery | - | 25% on reducing balance and 10% on cost

| Fixtures and fittings | - | 25% on reducing balance and 10% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance and 20% on cost

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Consumable stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

| Work in progress in relation to manufacturing and installation contracts is valued at the cost of materials and other direct costs incurred at the end of the reporting period.

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the group becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors and bank loans, 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.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the group's contractual obligations are discharged, cancelled, or they expire.

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| Equity instruments

| Equity instruments issued by the group are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

| 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 the profit and loss account 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.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group, wholly within the United Kingdom.

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,675,104 |  | 2,425,881 |  |

| Social security costs | 299,481 |  | 265,540 |  |

| Other pension costs | 59,312 |  | 55,110 |  |

3,033,897 |  | 2,746,531 |  |

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

| 2025 |  | 2024

| Directors | 2 |  | 2 |  |

| Direct staff | 58 |  | 57 |  |

| Administration | 5 |  | 5 |  |

65 |  | 64 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 18,223 |  | 17,568 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 94,212 |  | 89,246 |  |

| Depreciation - assets on hire purchase contracts | 302,914 |  | 210,312 |  |

| Loss/(profit) on disposal of fixed assets | 50,118 |  | (10,337 | ) |

| Auditors' remuneration | 21,900 |  | 20,000 |  |

| Auditors' remuneration for non audit work | 8,400 |  | 8,400 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 6,087 |  | 20,772 |  |

| Bank loan interest | 16,108 |  | 21,432 |  |

| Taxation, surcharges and interest | 12 |  | 142 |  |

| Mortgage | 51,374 |  | 56,102 |  |

| Hire purchase | 103,532 |  | 70,393 |  |

177,113 |  | 168,841 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

7. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 198,835 |  | (20,624 | ) |

| Deferred tax | (3,747 | ) | 299,917 |  |

| Tax on profit | 195,088 |  | 279,293 |  |

| 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:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 693,163 |  | 1,315,012 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 173,291 |  | 328,753 |  |

| Effects of:

| Expenses not deductible for tax purposes | 15,983 |  | 17,617 |  |

| Capital allowances in excess of depreciation | - |  | (252,605 | ) |

| Depreciation in excess of capital allowances | 2,148 |  | - |  |

| (Profit)/Loss on disposal of fixed assets | 12,530 |  | (2,584 | ) |

| Research and development tax credits | - |  | (116,095 | ) |

| Deferred taxation | (3,747 | ) | 299,917 |  |

| Tax losses carried forward | (5,117 | ) | 4,290 |  |

| Total tax charge | 195,088 |  | 279,293 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 31st May 2025.

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Revaluation movement

| Movement in income tax relating to other

| comprehensive income | (261 | ) | - |  | (261 | ) |

(261 | ) | - |  | (261 | ) |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

7. | TAXATION - continued

| Full provision has been made for UK corporation tax on the profits for the year. However, the group will be submitting a claim for research and development tax relief, which is anticipated to substantially reduce the tax payable.

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

| 2025 |  | 2024

£ | £ |

| Interim | 384,000 |  | 437,000 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1st June 2024 | 1,110,696 |  | 217,474 |  | 2,066,854 |  |

| Additions | - |  | 20,989 |  | 44,924 |  |

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

| At 31st May 2025 | 1,110,696 |  | 238,463 |  | 2,111,778 |  |

| DEPRECIATION

| At 1st June 2024 | 42,910 |  | 19,714 |  | 361,310 |  |

| Charge for year | 22,214 |  | 4,459 |  | 194,692 |  |

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

| At 31st May 2025 | 65,124 |  | 24,173 |  | 556,002 |  |

| NET BOOK VALUE

| At 31st May 2025 | 1,045,572 |  | 214,290 |  | 1,555,776 |  |

| At 31st May 2024 | 1,067,786 |  | 197,760 |  | 1,705,544 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1st June 2024 | 212,972 |  | 796,799 |  | 122,366 |  | 4,527,161 |  |

| Additions | - |  | 548,598 |  | 16,883 |  | 631,394 |  |

| Disposals | - |  | (287,922 | ) | - |  | (287,922 | ) |

| At 31st May 2025 | 212,972 |  | 1,057,475 |  | 139,249 |  | 4,870,633 |  |

| DEPRECIATION

| At 1st June 2024 | 80,738 |  | 208,041 |  | 102,011 |  | 814,724 |  |

| Charge for year | 17,617 |  | 150,041 |  | 8,103 |  | 397,126 |  |

| Eliminated on disposal | - |  | (92,304 | ) | - |  | (92,304 | ) |

| At 31st May 2025 | 98,355 |  | 265,778 |  | 110,114 |  | 1,119,546 |  |

| NET BOOK VALUE

| At 31st May 2025 | 114,617 |  | 791,697 |  | 29,135 |  | 3,751,087 |  |

| At 31st May 2024 | 132,234 |  | 588,758 |  | 20,355 |  | 3,712,437 |  |

| Cost or valuation at 31st May 2025 is represented by:

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| Valuation in 2022 | 52,212 |  | - |  | - |  |

| Valuation in 2023 | 271,978 |  | - |  | - |  |

| Cost | 786,506 |  | 238,463 |  | 2,111,778 |  |

1,110,696 |  | 238,463 |  | 2,111,778 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2022 | - |  | - |  | - |  | 52,212 |  |

| Valuation in 2023 | - |  | - |  | - |  | 271,978 |  |

| Cost | 212,972 |  | 1,057,475 |  | 139,249 |  | 4,546,443 |  |

212,972 |  | 1,057,475 |  | 139,249 |  | 4,870,633 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

| If freehold property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 786,506 |  | 786,506 |  |

| Aggregate depreciation | 65,224 |  | 42,910 |  |

| Freehold property was valued on a fair value basis on 28th November 2023 by Ash Chartered Surveyors .

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1st June 2024 | 1,597,945 |  | 739,153 |  | 2,337,098 |  |

| Additions | - |  | 548,598 |  | 548,598 |  |

| Disposals | - |  | (287,922 | ) | (287,922 | ) |

| Transfer to ownership | - |  | (32,709 | ) | (32,709 | ) |

| At 31st May 2025 | 1,597,945 |  | 967,120 |  | 2,565,065 |  |

| DEPRECIATION

| At 1st June 2024 | 142,981 |  | 154,591 |  | 297,572 |  |

| Charge for year | 159,795 |  | 143,119 |  | 302,914 |  |

| Eliminated on disposal | - |  | (92,304 | ) | (92,304 | ) |

| Transfer to ownership | - |  | (9,219 | ) | (9,219 | ) |

| At 31st May 2025 | 302,776 |  | 196,187 |  | 498,963 |  |

| NET BOOK VALUE

| At 31st May 2025 | 1,295,169 |  | 770,933 |  | 2,066,102 |  |

| At 31st May 2024 | 1,454,964 |  | 584,562 |  | 2,039,526 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

10. | TANGIBLE FIXED ASSETS - continued

| Company

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1st June 2024

| and 31st May 2025 | 1,110,696 |  | 104,267 |  | 167,718 |  | 1,382,681 |  |

| DEPRECIATION

| At 1st June 2024 | 42,910 |  | 23,453 |  | 37,725 |  | 104,088 |  |

| Charge for year | 22,214 |  | 10,427 |  | 16,772 |  | 49,413 |  |

| At 31st May 2025 | 65,124 |  | 33,880 |  | 54,497 |  | 153,501 |  |

| NET BOOK VALUE

| At 31st May 2025 | 1,045,572 |  | 70,387 |  | 113,221 |  | 1,229,180 |  |

| At 31st May 2024 | 1,067,786 |  | 80,814 |  | 129,993 |  | 1,278,593 |  |

| Cost or valuation at 31st May 2025 is represented by:

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| Valuation in 2022 | 52,212 |  | - |  | - |  | 52,212 |  |

| Valuation in 2023 | 271,978 |  | - |  | - |  | 271,978 |  |

| Cost | 786,506 |  | 104,267 |  | 167,718 |  | 1,058,491 |  |

1,110,696 |  | 104,267 |  | 167,718 |  | 1,382,681 |  |

| If freehold property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 786,506 |  | 786,506 |  |

| Aggregate depreciation | 65,224 |  | 42,910 |  |

| Freehold property was valued on a fair value basis on 28th November 2023 by Ash Chartered Surveyors .

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1st June 2024

| and 31st May 2025 | 300 |  |

| NET BOOK VALUE

| At 31st May 2025 | 300 |  |

| At 31st May 2024 | 300 |  |

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

| Subsidiaries

| Ridgeway Facades Limited

| Registered office: Unit 4 The Perry Centre, Davy Way, Quedgeley, Gloucestershire, England, GL2 2AD

| Nature of business: Aluminium fabrication and installation

| %

| Class of shares: | holding |

| Ordinary £1 | 100.00 |

| Ridgeway Facade Products Limited

| Registered office: Unit 4 The Perry Centre, Davy Way, Quedgeley, Gloucestershire, England, GL2 2AD

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary £1 | 100.00 |

| Ridgeway Facade Installations Limited

| Registered office: Unit 4 The Perry Centre, Davy Way, Quedgeley, Gloucestershire, England, GL2 2AD

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary £1 | 100.00 |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 326,897 |  | 324,395 |  |

| Work-in-progress | 896,817 |  | 765,012 |  |

1,223,714 |  | 1,089,407 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 733,818 |  | 507,174 |  | - |  | - |  |

| Other debtors | 2,776,579 |  | 3,075,406 |  | - |  | - |  |

| VAT | 165,737 |  | 168,450 |  | - |  | - |  |

| Prepayments | 99,345 |  | 65,818 |  | 3,742 |  | 3,508 |  |

3,775,479 |  | 3,816,848 |  | 3,742 |  | 3,508 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 96,667 |  | 96,667 |  | 46,667 |  | 46,667 |  |

| Other loans (see note 16) | 66,400 |  | 66,400 |  | - |  | - |  |

| Hire purchase contracts (see note 17) | 476,177 |  | 429,346 |  | - |  | - |  |

| Trade creditors | 2,272,720 |  | 2,680,914 |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | - |  | 73,828 |  | 61,567 |  |

| Tax | 198,835 |  | - |  | - |  | - |  |

| Social security and other taxes | 83,978 |  | 85,402 |  | - |  | - |  |

| Other creditors | 42,700 |  | 35,063 |  | 300 |  | 300 |  |

| Directors' current accounts | 1,848 |  | 651 |  | - |  | - |  |

| Accruals and deferred income | 35,629 |  | 24,686 |  | 3,100 |  | 3,100 |  |

3,274,954 |  | 3,419,129 |  | 123,895 |  | 111,634 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 16) | 569,322 |  | 650,033 |  | 560,989 |  | 591,700 |  |

| Other loans (see note 16) | 55,333 |  | 121,733 |  | - |  | - |  |

| Hire purchase contracts (see note 17) | 1,280,474 |  | 1,515,687 |  | - |  | - |  |

1,905,129 |  | 2,287,453 |  | 560,989 |  | 591,700 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

16. | LOANS

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

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

| Bank loans | 96,667 |  | 96,667 |  | 46,667 |  | 46,667 |  |

| Other loans | 66,400 |  | 66,400 |  | - |  | - |  |

163,067 |  | 163,067 |  | 46,667 |  | 46,667 |  |

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

| Bank loans - 2-5 years | 186,667 |  | 186,667 |  | 186,667 |  | 186,667 |  |

| Other loans - 2-5 years | 55,333 |  | 121,733 |  | - |  | - |  |

242,000 |  | 308,400 |  | 186,667 |  | 186,667 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more than 5 years

| by instalments | 382,655 |  | 463,366 |  | 374,322 |  | 405,033 |  |

382,655 |  | 463,366 |  | 374,322 |  | 405,033 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 476,177 |  | 429,346 |  |

| Between one and five years | 1,280,474 |  | 1,515,687 |  |

1,756,651 |  | 1,945,033 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

17. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 129,000 |  | 95,000 |  |

| Between one and five years | 500,500 |  | 475,000 |  |

| In more than five years | 229,583 |  | 324,583 |  |

859,083 |  | 894,583 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans | 665,989 |  | 746,700 |  | 607,656 |  | 638,367 |  |

| Hire purchase contracts | 1,756,651 |  | 1,945,033 |  | - |  | - |  |

2,422,640 |  | 2,691,733 |  | 607,656 |  | 638,367 |  |

| The bank overdraft facility and loan is secured by a debenture over the whole of the company's assets, and cross guarantees given by all of the group members.

| Hire purchase agreements are secured over the asset to which they relate.

19. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax | 664,974 |  | 668,721 |  | 87,946 |  | 89,629 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1st June 2024 | 668,721 |  |

| Accelerated capital allowances | (3,747 | ) |

| Balance at 31st May 2025 | 664,974 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

19. | PROVISIONS FOR LIABILITIES - continued

| Company

| Deferred |

| tax |

£ |

| Balance at 1st June 2024 | 89,629 |  |

| Reduction in provision | (1,683 | ) |

| Balance at 31st May 2025 | 87,946 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1.00 | 100 |  | 100 |  |

21. | RESERVES

| Group

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1st June 2024 | 2,572,180 |  | 235,614 |  | 2,807,794 |  |

| Profit for the year | 498,075 |  | 498,075 |  |

| Dividends | (384,000 | ) | (384,000 | ) |

| Depreciation movement | 6,484 |  | (6,484 | ) | - |  |

| At 31st May 2025 | 2,692,739 |  | 229,130 |  | 2,921,869 |  |

| Company

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1st June 2024 | 254,033 |  | 235,614 |  | 489,647 |  |

| Profit for the year | 356,736 |  | 356,736 |  |

| Dividends | (384,000 | ) | (384,000 | ) |

| Depreciation movement | 6,484 |  | (6,484 | ) | - |  |

| At 31st May 2025 | 233,253 |  | 229,130 |  | 462,383 |  |

RIDGEWAY BUILDING ENVELOPE GROUP LIMITED (REGISTERED NUMBER: 10472770) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

22. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st May 2025 and 31st May 2024:

2025 | 2024 |

£ | £ |

| J L Arrowsmith

| Balance outstanding at start of year | (651 | ) | (916 | ) |

| Amounts advanced | (1,197 | ) | 265 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,848 | ) | (651 | ) |

23. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is J L Arrowsmith.