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REGISTERED NUMBER: 04296249 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 May 2025

for

Swift Resources Limited

Swift Resources Limited (Registered number: 04296249)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Report of the Independent Auditors | 3 |

Income Statement | 7 |

Balance Sheet | 8 |

Cash Flow Statement | 9 |

Notes to the Cash Flow Statement | 10 |

Notes to the Financial Statements | 11 |

Swift Resources Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | H Bramer

| N Bramer

| SECRETARY: | H Bramer

| REGISTERED OFFICE: | Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

| REGISTERED NUMBER: | 04296249 (England and Wales)

| AUDITORS: | Cartwrights

| Chartered Accountants and Business Advisors

| Statutory Auditor

| Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

| BANKERS: | Barclays Bank plc

| 12A Market Place

| Saffron Walden

| Essex

| CB10 1HR

Swift Resources Limited (Registered number: 04296249)

Report of the Directors

for the Year Ended 31 May 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of venue hire and catering for weddings and other functions.

DIRECTORS

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

H Bramer

N Bramer

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

AUDITORS

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

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

H Bramer - Director

28 February 2026

Report of the Independent Auditors to the Members of

Swift Resources Limited

Opinion

We have audited the financial statements of Swift Resources Limited (the 'company') for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet, Cash Flow Statement and Notes to the 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 company's affairs as at 31 May 2025 and of its 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 company 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 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Swift Resources Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 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 company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Swift Resources 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.

We ensured that the engagement team collectively had the appropriate competence, capabilities, and skills to identify or recognise non-compliance with applicable laws and regulations, and that they remained alert to instances of non-compliance throughout the audit.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- based on our understanding of the company and industry, and through discussions with directors and key management, we identified any specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; and

- we assessed the extent of compliance with these laws and regulations through making enquiries of management and inspecting legal correspondence

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries, particularly focused around the year-end, to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates in the notes to the financial statements were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

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 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.

Report of the Independent Auditors to the Members of

Swift Resources 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.

Eric McIntyre FCCA (Senior Statutory Auditor)

for and on behalf of Cartwrights

Chartered Accountants and Business Advisors

Statutory Auditor

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

28 February 2026

Swift Resources Limited (Registered number: 04296249)

Income Statement

for the Year Ended 31 May 2025

| 31/5/25 |  | 31/5/24

| Notes | £ | £ |

TURNOVER | 2,699,450 |  | 2,489,300 |  |

Cost of sales | (515,403 | ) | (469,723 | ) |

GROSS PROFIT | 2,184,047 |  | 2,019,577 |  |

Administrative expenses | (2,034,491 | ) | (1,738,942 | ) |

149,556 |  | 280,635 |  |

Gain/loss on revaluation of tangible assets | - |  | 1,407,160 |  |

OPERATING PROFIT | 4 | 149,556 |  | 1,687,795 |  |

Interest receivable and similar income | 94 |  | 11 |  |

149,650 |  | 1,687,806 |  |

Interest payable and similar expenses | - |  | (9,411 | ) |

PROFIT BEFORE TAXATION | 149,650 |  | 1,678,395 |  |

Tax on profit | (89,088 | ) | (12,234 | ) |

PROFIT FOR THE FINANCIAL YEAR | 60,562 |  | 1,666,161 |  |

Swift Resources Limited (Registered number: 04296249)

Balance Sheet

31 May 2025

| 31/5/25 | 31/5/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 6,338,537 |  | 6,367,869 |  |

CURRENT ASSETS

Stocks | 41,649 |  | 33,994 |  |

Debtors | 6 | 3,661,917 |  | 2,694,963 |  |

Cash at bank | 20,447 |  | 15,160 |  |

3,724,013 |  | 2,744,117 |  |

CREDITORS

Amounts falling due within one year | 7 | 6,310,252 |  | 5,382,114 |  |

NET CURRENT LIABILITIES | (2,586,239 | ) | (2,637,997 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,752,298 |  | 3,729,872 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (150,534 | ) | (234,323 | ) |

PROVISIONS FOR LIABILITIES | (113,996 | ) | (68,343 | ) |

NET ASSETS | 3,487,768 |  | 3,427,206 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Fair value reserve | 9 | 1,407,160 |  | 1,407,160 |  |

Retained earnings | 2,080,606 |  | 2,020,044 |  |

SHAREHOLDERS' FUNDS | 3,487,768 |  | 3,427,206 |  |

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2026 and were signed on its behalf by:

H Bramer - Director

Swift Resources Limited (Registered number: 04296249)

Cash Flow Statement

for the Year Ended 31 May 2025

| 31/5/25 |  | 31/5/24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 123,351 |  | 870,386 |  |

Interest paid | - |  | (9,411 | ) |

Tax paid | (39,116 | ) | - |  |

Net cash from operating activities | 84,235 |  | 860,975 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (79,042 | ) | (885,958 | ) |

Interest received | 94 |  | 11 |  |

Net cash from investing activities | (78,948 | ) | (885,947 | ) |

Cash flows from financing activities

Amount withdrawn by directors | - |  | (1,965 | ) |

Net cash from financing activities | - |  | (1,965 | ) |

Increase/(decrease) in cash and cash equivalents | 5,287 |  | (26,937 | ) |

Cash and cash equivalents at beginning of year | 2 | 15,160 |  | 42,097 |  |

Cash and cash equivalents at end of year | 2 | 20,447 |  | 15,160 |  |

Swift Resources Limited (Registered number: 04296249)

Notes to the Cash Flow Statement

for the Year Ended 31 May 2025

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Profit before taxation | 149,650 |  | 1,678,395 |  |

| Depreciation charges | 108,375 |  | 52,530 |  |

| Gain on revaluation of fixed assets | - |  | (1,407,160 | ) |

| Finance costs | - |  | 9,411 |  |

| Finance income | (94 | ) | (11 | ) |

257,931 |  | 333,165 |  |

| (Increase)/decrease in stocks | (7,655 | ) | 4,409 |  |

| (Increase)/decrease in trade and other debtors | (9,458 | ) | 42,833 |  |

| (Decrease)/increase in trade and other creditors | (117,467 | ) | 489,979 |  |

| Cash generated from operations | 123,351 |  | 870,386 |  |

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 May 2025

| 31/5/25 |  | 1/6/24

£ | £ |

| Cash and cash equivalents | 20,447 |  | 15,160 |  |

| Year ended 31 May 2024

| 31/5/24 |  | 1/6/23

£ | £ |

| Cash and cash equivalents | 15,160 |  | 42,097 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/6/24 | Cash flow | At 31/5/25

£ | £ | £ |

| Net cash |

| Cash at bank | 15,160 |  | 5,287 |  | 20,447 |  |

15,160 |  | 5,287 |  | 20,447 |  |

| Total | 15,160 |  | 5,287 |  | 20,447 |  |

Swift Resources Limited (Registered number: 04296249)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Swift Resources 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 as modified by the revaluation of certain assets.

| Turnover

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

| Turnover is recognised on the day of the wedding event when the income has been earned and the service has been provided to the customer.

| Tangible fixed assets and depreciation

| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

| Land and buildings (freehold) - Nil

| Fixtures, fittings & equipment - 10-15% on cost

| Motor vehicles - 20% on cost

| Freehold is not being depreciated on the basis that it would not be material to do so.

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| 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

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

Swift Resources Limited (Registered number: 04296249)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 55 (2024 - 54 ) .

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 31/5/25 |  | 31/5/24

£ | £ |

| Depreciation - owned assets | 108,374 |  | 52,531 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 5,812,403 |  | 1,278,735 |  | 7,091,138 |  |

| Additions | - |  | 79,042 |  | 79,042 |  |

| At 31 May 2025 | 5,812,403 |  | 1,357,777 |  | 7,170,180 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 723,269 |  | 723,269 |  |

| Charge for year | - |  | 108,374 |  | 108,374 |  |

| At 31 May 2025 | - |  | 831,643 |  | 831,643 |  |

| NET BOOK VALUE

| At 31 May 2025 | 5,812,403 |  | 526,134 |  | 6,338,537 |  |

| At 31 May 2024 | 5,812,403 |  | 555,466 |  | 6,367,869 |  |

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

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2024 | 1,407,160 |  | - |  | 1,407,160 |  |

| Cost | 4,405,243 |  | 1,357,777 |  | 5,763,020 |  |

5,812,403 |  | 1,357,777 |  | 7,170,180 |  |

| Freehold property was valued on an open market basis on 19th February 2024 by Knight Frank property consultants.

Swift Resources Limited (Registered number: 04296249)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Trade debtors | 27,097 |  | 60,990 |  |

| Amounts owed by group undertakings | 3,569,344 |  | 2,611,848 |  |

| Other debtors | 65,476 |  | 22,125 |  |

3,661,917 |  | 2,694,963 |  |

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Trade creditors | 1,232,271 |  | 968,180 |  |

| Amounts owed to group undertakings | 4,879,396 |  | 4,118,057 |  |

| Taxation and social security | 184,675 |  | 271,870 |  |

| Other creditors | 13,910 |  | 24,007 |  |

6,310,252 |  | 5,382,114 |  |

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Other creditors | 150,534 |  | 234,323 |  |

| Bank loans and overdrafts are secured by a fixed charge on the property of the company.

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 June 2024

| and 31 May 2025 | 1,407,160 |  |

10. | 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.

11. | CONTINGENT LIABILITIES

| The company is party to a cross guarantee arrangement relating to borrowings of the group. Net indebtedness under these arrangements at 31 May 2025 was £6,798,906 (2024: £6,521,728).