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REGISTERED NUMBER: 15875640 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

EH2024 Limited

EH2024 Limited (Registered number: 15875640)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 October 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

EH2024 Limited

COMPANY INFORMATION

for the year ended 31 October 2025

| Directors: | W J Smith

| E J Varcoe

| Mrs C A Varcoe

| Secretary: | Mrs L K Smith

| Registered office: | Unit C

| 3 Richmond Walk

| Plymouth

| Devon

| PL1 4LL

| Registered number: | 15875640 (England and Wales)

| Accountants: | Websters

| 129 North Hill

| Plymouth

| Devon

| PL4 8JY

EH2024 Limited (Registered number: 15875640)

BALANCE SHEET

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

Fixed assets

Investments | 4 | 745,500 |  | 745,500 |  |

Current assets

Cash in hand | 2 |  | 2 |  |

Creditors

Amounts falling due within one year | 5 | 201,360 |  | 147,349 |  |

Net current liabilities | (201,358 | ) | (147,347 | ) |

Total assets less current liabilities | 544,142 |  | 598,153 |  |

Creditors

Amounts falling due after more than one year | 6 | 516,093 |  | 598,151 |  |

Net assets | 28,049 |  | 2 |  |

Capital and reserves

Called up share capital | 7 | 200 |  | 2 |  |

Retained earnings | 27,849 |  | - |  |

Shareholders' funds | 28,049 |  | 2 |  |

EH2024 Limited (Registered number: 15875640)

BALANCE SHEET - continued

31 October 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

E J Varcoe - Director

EH2024 Limited (Registered number: 15875640)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 October 2025

1. | STATUTORY INFORMATION

| EH2024 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

| Debtors

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Creditors

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

EH2024 Limited (Registered number: 15875640)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 2 ) .

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| Cost

| At 1 November 2024

| and 31 October 2025 | 745,500 |  |

| Net book value

| At 31 October 2025 | 745,500 |  |

| At 31 October 2024 | 745,500 |  |

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

| Eurospars Ltd

| Registered office: 3 Richmond Walk, Plymouth, Devon. PL1 4LL

| Nature of business: manufacturer of yacht masts and rigging

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 235,381 |  | 52,612 |  |

| Profit for the year/period | 304,269 |  | 321,916 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 99,168 |  | 100,000 |  |

| Other creditors | 102,192 |  | 47,349 |  |

201,360 |  | 147,349 |  |

EH2024 Limited (Registered number: 15875640)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 October 2025

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

2025 | 2024 |

£ | £ |

| Other creditors | 516,093 |  | 598,151 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| 2 |  | Ordinary |  | £1 |  | - |  | 2 |  |

| 50 |  | Ordinary A |  | £1 |  | 50 |  | - |  |

| 50 |  | Ordinary B |  | £1 |  | 50 |  | - |  |

| 50 |  | Ordinary C |  | £1 |  | 50 |  | - |  |

| 50 |  | Ordinary D |  | £1 |  | 50 |  | - |  |

|  | 200 |  | 2 |  |

| During the year, 198 shares were issued at par value.

8. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company owed £99,168 to Eurospars Ltd, the subsidiary company, in relation to an inter company loan.

| The directors were owed the following amounts in relation to their director loan accounts:

| W J Smith |  | £ 4,380 |  |

| E J Varcoe |  | £ 25,755 |  |

9. | ULTIMATE CONTROLLING PARTY

| The company is ultimately controlled by the directors.