REGISTERED NUMBER: 04776218 (England and Wales)

CNC GROUP HOLDINGS LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

7

Report of the Independent Auditors

9

Consolidated Income Statement

13

Consolidated Other Comprehensive Income

14

Consolidated Balance Sheet

15

Company Balance Sheet

16

Consolidated Statement of Changes in Equity

17

Company Statement of Changes in Equity

18

Consolidated Cash Flow Statement

19

Notes to the Consolidated Cash Flow Statement

20

Notes to the Consolidated Financial Statements

21

DIRECTORS:

Mr M A Coleman

Mrs L Morris

Mr G Blaszczak

Mr G Rowe

Mr B A Bradshaw

SECRETARY:

Mrs L Morris

REGISTERED OFFICE:

Shady Lane

Great Barr

Birmingham

West Midlands

B44 9ER

REGISTERED NUMBER:

04776218 (England and Wales)

AUDITORS:

FWC Advisory Ltd

29 Wood Street

Stratford-Upon-Avon

Warwickshire

CV37 6JG

BANKERS:

Lloyds Bank Plc

293 High Street

West Bromwich

West Midlands

B70 8NA

SOLICITORS:

Gateley Plc

One Eleven

Edmund Street

Birmingham

B3 2HJ

The directors present their strategic report of the company and the group for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

CNC Group Holdings Limited is the parent of Colemans, a third generation family business with over 60 years of industry leadership. From its foundations in Birmingham, Colemans has evolved into a multi award winning global specialist in engineered deconstruction, demolition, land remediation, specialist cutting, and engineering consultancy.

Far from traditional demolition, Colemans adopts a "deconstruction by design" philosophy, meticulously dismantling structures with circular economy principles to minimise waste, maximise material recovery, and reduce environmental impact. Operating across infrastructure, nuclear, healthcare, education, industrial and city centre redevelopment sectors, we deliver integrated solutions safely and sustainably worldwide.

Our hallmark is collaboration working openly with clients, employees, communities and partners-backed by our commitment to safety, sustainability, innovation and quality. This approach gives us a unique competitive edge: we don't just do demolition we deconstruct, repurpose, reuse and partner with our stakeholders every step of the way.

REVIEW OF BUSINESS

Turnover increased by 51% during the year, with a net profit before tax of £3,485,000. In addition to the successful completion of previously deferred contracts, the Group delivered a number of client-instructed changes. While these items are non-recurring, they underscore our ability to respond effectively to evolving client requirements, while maintaining high standards of quality and control. This performance reflects the Group's adaptability, collaborative approach, and operational resilience.

Despite ongoing macroeconomic pressures and increased price competition in the tendering environment, the Group remains committed to securing high quality, value driven projects. A disciplined and selective approach to procurement is maintained, with clear focus on avoiding low-margin opportunities that may compromise safety, environmental integrity, or long-term sustainability. Based on the strength and quality of our secured order book, the Board remains confident that our target profit margins are both achievable and sustainable in the year ahead.

Colemans' global reputation in innovation and environmental leadership has been recognised through multiple industry awards, including:

At the beginning of the financial year we were honoured to win the World Demolition Awards 2024 - awarded in recognition of our pioneering work in applying circular economy principles to deconstruction.

To be recognised globally for our work in mitigating environmental impacts was a very proud achievement, and was doubly well received as the World Demolition Awards coincided with the day Mark Coleman celebrated 30 years' service with the company.

After the year end, Mr Mark Carless, who had been associated with the business for 40 years, had received his 25 year service award during the year and celebrated 15 years as a director, has decided to retire from the business. We would like to thank him for his long, dedicated and loyal service and wish him all the very best for well-deserved retirement.

PRINCIPAL RISKS AND UNCERTAINTIES

Economic risk:

Market uncertainties, exacerbated by global socio-political, economic events and changes in the economic environment, government policy and regulatory developments, including how the UK economy responds and adapts to the global events like military conflicts or regional economic disruption, can have a significant impact on new projects and the group's profitability. Act of force majeure, including COVID-19 pandemic and extreme weather events could have operational and financial impact on the business.

Safety risk:

The safe delivery of services is of paramount importance to us, with project appraisals considering risk analysis, buildability, value engineering, programme and logistics. The group is embracing digital technologies to drive continuous improvements in sustainability, efficiency and quality. We use the latest interactive technology in a common data environment to design detailed methodologies, reduce the risk of design errors and enhance project communication. However, while risks are minimised to the greatest possible extent, it remains the case that some of the activity is by its nature high risk.

Environmental risks:

As a responsible contractor, Colemans focus is on using innovative technologies and developing new ways of working that can reduce the environmental risk of our operations. We are committed to progress and transparency, working safely and in collaboration with clients to help them on their net zero journey as we pursue our own. This includes developing environmentally friendly and less aggressive alternatives to the traditional methods of demolition, supported by outsourcing plant and equipment to enable the most appropriate and energy efficient plant and equipment for each individual project (e.g. electric powered).

Colemans is a proud member of the SME Climate Hub, a global initiative that empowers small to medium sized companies to take climate action and build more resilient businesses.

We recognise the need to educate our people and build strategies to deliver our ambitions, which must be well thought through, clear and enabled by effective communication along with external auditing.

Legislation:

The business has a strong focus on organisational design and accountabilities, which has supported the development of consistent processes and procedures, clear governance around key business decisions and the evolution of a strong compliance culture.

Competition risk:

The sector is dynamic and in a state of constant evolution, but the directors believe that the group's focus on quality, innovation and on maintaining excellent stakeholder relationships are strong mitigating factors against the risks posed by competitors. The business has a number of framework agreements which reduces competition. The company has robust procedures in place to eliminate anti-competitive practices.

Contingent liabilities:

There continues to be an uncertainty in relation to a non-concluded enquiry into an incident 8 years ago, for which no further correspondence has been received from external authorities, as detailed in the notes to the financial statements.

Data security risk:

A loss of our key systems through a lack of resilience or an information break or attack threat would impact the successful delivery of projects and lead to loss of confidential data, damaging our reputation and brand. The group invests in appropriate IT solutions to combat this. The company has achieved Cyber Essentials and Cyber Essentials plus accreditation. We have also invested in IT training amongst our employees in respect to phishing and hacking attacks.

Financial risks:

The directors of the group continually monitor the risks and uncertainties facing the group with particular reference to price, liquidity and credit risks. They are confident that there are suitable policies in place and there are no material risks and uncertainties which have not been considered. The company uses various financial instruments which include cash, trade debtors and trade creditors that arise from its operations. The main purpose of these financial instruments is to manage our daily operations.

Interest rate risk:

The company is not directly affected by interest rate rises as it has eliminated borrowings from financial institutions from its business model. However, this may have an indirect effect upon the business if this impacts activity in the construction industry as a whole.

Currency risk

Colemans makes very few transactions in foreign currencies so the exposure to translation and foreign exchange currency risk and do not consider this to have a significant impact on its operations.

Credit risk

Our principal credit risk arises around trade debts. In order to manage credit risk the directors review debt aging on a regular basis to ensure debts are collected are received in line with agreed credit terms.

Liquidity risk

The company manages its financial risk by closely monitoring its working capital requirements and ensuring sufficient liquidity is available to meet foreseeable needs.

PEOPLE, CULTURE & SOCIAL IMPACT

People are the heartbeat of Colemans. As a family-run business since 1962, we prioritise loyalty, wellbeing, and a culture of mutual respect and recognition. Our approach supports mental and physical wellbeing, empowerment, and engagement across the organisation.

In a significant milestone post year end, Gordon Blaszczak and Gareth Rowe became the first non family shareholders in the group , acknowledging their exceptional dedication and strengthening our shared long term vision.

Furthermore, we marked the retirement of Mark Carless after 40 years of service (15 as a director) we thank him for his immense contribution and wish him our best for the future.

We actively uphold social value through community engagement, charity, and volunteering initiatives, aligned with our ESG framework. Our commitment includes supporting local causes, promoting diversity and ethics, and delivering positive social outcomes wherever we operate.

SUSTAINABILITY & INNOVATION

Sustainability is embedded at the core of our operations not just a compliance exercise, but a strategic priority. We are committed to halving our emissions by 2030 and achieving net zero by 2050 as part of the United Nations Race to Zero campaign, audited through the SME Climate Hub initiative. We have made considerable progress towards our carbon reduction goals to date and continue to advance our strategy; however, we acknowledge that achieving full carbon neutrality and net zero will require further technological development within the built environment, particularly in plant and equipment.

Our environmental strategy includes:

- Maximising reuse and recycling of materials.

- Reducing carbon impact through electric plant, digital tools, and innovative methodologies such as hydrogen and robotic equipment

- Minimising logistical footprint by servicing equipment locally and increasing utilisation from 75% to 98%.

Innovation drives everything we do: from drone based assessments to AI enhanced planning and remote-controlled deconstruction. Our people benefit from ongoing investment in training and technology, enabling us to deliver safer, more efficient, and environmentally responsible outcomes on even the most demanding projects.

FINANCIAL STABILITY & STRATEGIC POSITION

Financially, the Group remains robust, with zero debt and no gearing, one of the lowest in the UK demolition sector. Our disciplined approach to cash management, selective tendering, cost control, and project delivery underpins our resilience and ability to invest in innovation, people, and ESG credentials.

We continue to outsource heavy plant to trusted plant and equipment partners, strengthening access to cutting edge, environmentally advanced technical solutions while enhancing operational efficiency and flexibility.

OUTLOOK

Looking ahead, our ambition is clear:

- Deepen our leadership in engineered deconstruction and the circular economy

- Continue delivering excellence, grounded in heritage but pushing future boundaries

- Maintain collaborative and ethical engagement with clients, communities, and stakeholders

- Drive our ESG agenda, ensuring real world impact and long-term resilience

Through these pillars: heritage, innovation, people, sustainability, and financial discipline, Colemans will continue to forge new benchmarks in safe, responsible and forward-thinking deconstruction.

KEY PERFORMANCE INDICATORS

The company has developed an internal culture of key performance measures in order to monitor and continually improve managment, objectivity and efficiencies at all levels.

NON-FINANCIAL KPIs

We have set targets for continued reduction in health and safety incident rates. Incidents are reviewed at

business board meeting level, together with incident rate statistics, near misses and trend analysis to assist with prevention of future incidents.

Strategic plans, considered and implemented by the board, are designed to ensure the company maintains the highest standard of business conduct.

The company continues to advance training and professional development programmes for all employees, ensuring resilience from the industry skills shortage.

Financial risk management

Target

30 April 2025

30 April 2024

Turnover

£30,962,327

£20,467,004

Gross profit margin

18%

29.5%

30.6%

Profit / (Loss) before tax ratio

5%

11.2%

11.7%

OBJECTIVES AND POLICIES

The company has robust business ethics, regulatory compliance, training for all staff on modern slavery, anti bribery and corruption, and competition law, with enhanced training for those who fulfil high-risk roles.

Our policy is to establish and maintain long term strategic relationships where both parties' interests are aligned to deliver mutual benefit.

Colemans is committed to our people and has built initiatives to support the physical and mental wellbeing of our people. We have developed a structured programme of training and development together with wellbeing, reward and recruitment initiatives that give our teams the platform to succeed.

The company continues to invest in our highly experienced and qualified staff and to engage with our professional subcontract supply chain to provide the services to all our clients.

By virtue of our breadth of activities we are well placed to recover, or harvest reusable materials, and have done so extensively. We have engaged with partners on take-back schemes to increase re-use and reduce waste of building materials from fixtures, fittings and structural steel work and precast concrete sections.

Our ESG (Environmental, Social and Governance) commitment is further supported by the continued development of lower carbon activities and resource optimization. Examples include the use of electric powered plant, new methodologies that reduce water usage, increased use of digital resources to minimise travel and a continued commitment to recycling across all sites and offices.

Against a backdrop of macroeconomic uncertainty, we are focused on maintaining a strong cash position, low gearing- no debt, controlling costs and securing margin enhancing work in target markets to deliver greater certainty and value to all our stakeholders.

We are concentrating on delivering projects throughout the Midlands and London geographical areas and beyond, driving certainty for clients through value-led solutions rather than the race to the bottom, which is characterised by low margins and high-risk contracting, where understanding how to deliver on contracted commitments is an afterthought. These behaviours continue to plague our industry and remain entirely unsustainable.

In contrast, our activities are driven firstly by delivering a profitable performance and then focused on the scale of the turnover. We focus on being value-led, efficient and dependable rather than with an obsession for scale. We can do this because we understand our own value proposition and strive to deliver projects that are aligned with it.

ON BEHALF OF THE BOARD:

Mr M A Coleman - Director

23 April 2026

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2025.

DIVIDENDS

An interim dividend of £859.70 per share on the Ordinary A shares £1 shares was paid on 30 April 2025. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary G shares £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 30 April 2025 will be £ 1,116,750 .

DIRECTORS

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

Mr M A Coleman

Mrs L Morris

Mr G Blaszczak

Mr G Rowe

Mr B A Bradshaw

Other changes in directors holding office are as follows:

Mr M A Carless ceased to be a director after 30 April 2025 but prior to the date of this report.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr M A Coleman - Director

23 April 2026

Opinion

We have audited the financial statements of CNC Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 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 30 April 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.

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 seven, 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.

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:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risk of material misstatement in respect of irregularities, including and non compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Company remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Company documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any

instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or

alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team and involving relevant internal specialists, including tax specialists, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to income recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company ability to operate or to avoid a material penalty. These included compliance with GDPR regulation.

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 and reviewing internal reports;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing 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.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

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.

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.

Michelle Vincent (Senior Statutory Auditor)

for and on behalf of FWC Advisory Ltd

29 Wood Street

Stratford-Upon-Avon

Warwickshire

CV37 6JG

23 April 2026

TURNOVER

4

30,962,327

20,467,004

Cost of sales

(21,839,166

)

(14,204,081

)

GROSS PROFIT

9,123,161

6,262,923

Administrative expenses

(5,673,068

)

(4,006,753

)

3,450,093

2,256,170

Other operating income

102,292

20,672

OPERATING PROFIT

7

3,552,385

2,276,842

Interest receivable and similar income

9

75,573

66,157

3,627,958

2,342,999

Gain/loss on revaluation of investments

(104,121

)

70,003

3,523,837

2,413,002

Interest payable and similar expenses

10

(38,837

)

(26,860

)

PROFIT BEFORE TAXATION

3,485,000

2,386,142

Tax on profit

11

(892,606

)

(290,756

)

PROFIT FOR THE FINANCIAL YEAR

2,592,394

2,095,386

Profit attributable to:

Owners of the parent

2,592,394

2,095,386

PROFIT FOR THE YEAR

2,592,394

2,095,386

OTHER COMPREHENSIVE INCOME

Foreign currency translation

6

-

Revaluation of freehold property

71,805

-

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

71,811

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,664,205

2,095,386

Total comprehensive income attributable to:

Owners of the parent

2,664,205

2,095,386

FIXED ASSETS

Intangible assets

14

-

-

Tangible assets

15

1,868,501

1,514,855

Investments

16

1,341,159

1,098,295

Investment property

17

1,116,947

1,115,683

4,326,607

3,728,833

CURRENT ASSETS

Stocks

18

198,684

150,888

Debtors

19

4,502,200

3,891,043

Cash at bank and in hand

20

8,037,259

4,533,537

12,738,143

8,575,468

CREDITORS

Amounts falling due within one year

21

6,833,782

3,701,349

NET CURRENT ASSETS

5,904,361

4,874,119

TOTAL ASSETS LESS CURRENT LIABILITIES

10,230,968

8,602,952

CREDITORS

Amounts falling due after more than one year

22

(2,692

)

(2,692

)

PROVISIONS FOR LIABILITIES

25

(253,305

)

(173,068

)

NET ASSETS

9,974,971

8,427,192

CAPITAL AND RESERVES

Called up share capital

26

1,623

1,299

Revaluation reserve

27

328,296

256,491

Capital redemption reserve

27

633

633

Merger reserves

27

(873,024

)

(873,024

)

Foreign exchange translation

27

6

-

Retained earnings

27

10,517,437

9,041,793

SHAREHOLDERS' FUNDS

9,974,971

8,427,192

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

Mr M A Coleman - Director

FIXED ASSETS

Intangible assets

14

-

-

Tangible assets

15

1,013,098

967,679

Investments

16

1,249,833

1,249,749

Investment property

17

1,116,947

1,115,683

3,379,878

3,333,111

CURRENT ASSETS

Stocks

18

95,094

49,133

Debtors

19

840,214

741,591

Cash at bank

20

2,651,622

1,031,413

3,586,930

1,822,137

CREDITORS

Amounts falling due within one year

21

97,444

36,518

NET CURRENT ASSETS

3,489,486

1,785,619

TOTAL ASSETS LESS CURRENT LIABILITIES

6,869,364

5,118,730

PROVISIONS FOR LIABILITIES

25

61,018

61,018

NET ASSETS

6,808,346

5,057,712

CAPITAL AND RESERVES

Called up share capital

26

1,623

1,299

Revaluation reserve

27

328,296

256,491

Capital redemption reserve

27

633

633

Merger reserves

27

(873,024

)

(873,024

)

Retained earnings

27

7,350,818

5,672,313

SHAREHOLDERS' FUNDS

6,808,346

5,057,712

Company's profit for the financial year

2,795,255

1,780,079

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 23 April 2026 and were signed on its behalf by:

Mr M A Coleman - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 May 2023

1,299

6,994,407

256,491

Changes in equity

Dividends

-

(48,000

)

-

Total comprehensive income

-

2,095,386

-

Balance at 30 April 2024

1,299

9,041,793

256,491

Changes in equity

Issue of share capital

324

-

-

Dividends

-

(1,116,750

)

-

Total comprehensive income

-

2,592,394

71,805

Balance at 30 April 2025

1,623

10,517,437

328,296

Capital

Foreign

redemption

Merger

exchange

Total

reserve

reserves

translation

equity

£

£

£

£

Balance at 1 May 2023

633

(873,024

)

-

6,379,806

Changes in equity

Dividends

-

-

-

(48,000

)

Total comprehensive income

-

-

-

2,095,386

Balance at 30 April 2024

633

(873,024

)

-

8,427,192

Changes in equity

Issue of share capital

-

-

-

324

Dividends

-

-

-

(1,116,750

)

Total comprehensive income

-

-

6

2,664,205

Balance at 30 April 2025

633

(873,024

)

6

9,974,971

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 May 2023

1,299

3,940,234

256,491

Changes in equity

Dividends

-

(48,000

)

-

Total comprehensive income

-

1,780,079

-

Balance at 30 April 2024

1,299

5,672,313

256,491

Changes in equity

Issue of share capital

324

-

-

Dividends

-

(1,116,750

)

-

Total comprehensive income

-

2,795,255

71,805

Balance at 30 April 2025

1,623

7,350,818

328,296

Capital

redemption

Merger

Total

reserve

reserves

equity

£

£

£

Balance at 1 May 2023

633

(873,024

)

3,325,633

Changes in equity

Dividends

-

-

(48,000

)

Total comprehensive income

-

-

1,780,079

Balance at 30 April 2024

633

(873,024

)

5,057,712

Changes in equity

Issue of share capital

-

-

324

Dividends

-

-

(1,116,750

)

Total comprehensive income

-

-

2,867,060

Balance at 30 April 2025

633

(873,024

)

6,808,346