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Registration number: 09554804

EPC Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

EPC Properties Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 12

EPC Properties Limited

Company Information

Directors | Mrs Elaine MacTavish Mr Michael MacTavish

Registered office | 43 Carnoustie Drive Great Denham Bedford England and Wales MK40 4FG

Accountants | First Class Accounting Limited 91A Church Lane Bulphan Upminster RM14 3TR

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
EPC Properties Limited
for the Year Ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EPC Properties Limited for the year ended 31 January 2026 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of EPC Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of EPC Properties Limited and state those matters that we have agreed to state to the Board of Directors of EPC Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EPC Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that EPC Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of EPC Properties Limited. You consider that EPC Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of EPC Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
First Class Accounting Limited
91A Church Lane
Bulphan
Upminster
RM14 3TR

6 May 2026

EPC Properties Limited

(Registration number: 09554804)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 1 | 1
Investment property | 5 | 757,000 | 757,000
Investments | 6 | 100 | 100
|  | 757,101 | 757,101
Current assets |  |  |
Debtors | 7 | 185,088 | 109,385
Cash at bank and in hand |  | 3,643 | 107,988
|  | 188,731 | 217,373
Creditors: Amounts falling due within one year | 8 | (117,229) | (145,220)
Net current assets |  | 71,502 | 72,153
Total assets less current liabilities |  | 828,603 | 829,254
Creditors: Amounts falling due after more than one year | 8 | (374,248) | (353,907)
Provisions for liabilities |  | (49,099) | (49,099)
Net assets |  | 405,256 | 426,248
Capital and reserves |  |  |
Called up share capital | 9 | 200 | 200
Other reserves |  | 200,848 | 200,848
Retained earnings |  | 204,208 | 225,200
Shareholders' funds |  | 405,256 | 426,248

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

EPC Properties Limited

(Registration number: 09554804)
Balance Sheet as at 31 January 2026

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 May 2026 and signed on its behalf by:

......................................... Mr Michael MacTavish Director

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Carnoustie Drive
Great Denham
Bedford
MK40 4FG
England and Wales

These financial statements were authorised for issue by the Board on 6 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued landand investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Investment property | Not depreciated
Furniture and fittings | 25% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2025 | 21,530 | 21,530
At 31 January 2026 | 21,530 | 21,530
Depreciation
At 1 February 2025 | 20,631 | 20,631
Charge for the year | 898 | 898
At 31 January 2026 | 21,529 | 21,529
Carrying amount
At 31 January 2026 | 1 | 1
At 31 January 2025 | 1 | 1

5 | Investment properties

| 2026 £
At 1 February | 757,000
At 31 January | 757,000

The company's investment properties are valued annually on 31 January at fair value. The valuations are based on publically available market data adjusted for location and improvements made to the properties.

There has been no valuation of investment property by an independent valuer.

6 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 100 | 100

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Subsidiaries | £
Cost or valuation
At 1 February 2025 | 100
Provision
Carrying amount
At 31 January 2026 | 100
At 31 January 2025 | 100

7 | Debtors

Current | Note | 2026 £ | 2025 £
Amounts owed by related parties | 12 | 174,565 | 109,385
Other debtors |  | 10,523 | -
|  | 185,088 | 109,385

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 12 | 41,423 | 65,279
Other creditors |  | 75,806 | 79,941
|  | 117,229 | 145,220

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 10 | 374,248 | 353,907

Creditors include bank loans which are secured on the freehold & leasehold property of the company of £374,248 (2025 - £353,907).

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Creditors include bank loans repayable by instalments of £374,248 (2025 - £353,907 due after more than five years.

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 200 | 200

10 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 374,248 | 353,907

11 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Interim dividend of £67.50 (2025 - £148.00) per ordinary share |  | 13,500 |  | 29,600

12 | Related party transactions

EPC Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Dividends paid to directors

|  | 2026 £ |  | 2025 £
Mrs Elaine MacTavish |  |  |  |
|  | 6,750 |  | 14,800
Mr Michael MacTavish |  |  |  |
|  | 6,750 |  | 14,800

Summary of transactions with subsidiaries

Included within Creditors is £41,422 (2025:£65,279) due to Total Change Management Ltd, a wholly owed subsidiary.
During the year the company received dividends of £18,500 (2025:£29,600) from Total Change Management Ltd.