FP Advanced Coatings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

FP Advanced Coatings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05383869 . The registered office is 32 Bayton Road, Exhall, Coventry, West Midlands, CV7 9EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its ultimate parent, Threesixty Holdco 10 Limited, 32 Bayton Road Exhall, Coventry, West Midlands, United Kingdom, CV7 9EJ. The financial statements present information about the company as an individual entity and not about its group.

2.3. Going Concern Disclosure

The company is an intermediate holding company within the group and, at the balance sheet date. The directors have considered the company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

In making this assessment, the directors have considered the expected trading performance and cash flow position of its subsidiary, Foleshill Plating Co. Limited together with the continued financial support available from the company’s ultimate parent undertaking, Foleshill Plating Group Ltd. The directors have received confirmation that the ultimate parent undertaking intends to provide such financial support as is necessary to enable the company to meet its liabilities as they fall due for the foreseeable future.

On this basis, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

2.4. Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Freehold property is valued at cost less accumulated depreciation and accumulated impairement losses capitalised.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15%, 33% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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FP Advanced Coatings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Investment Properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2.7. Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively date.

2.8. Government Grant

Deferred grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the asset to which they relate.

2.9. Loans and Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

2.10. Investments

Investment in subsidiaries are measured at cost less accumulated impairement.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 September 2024	2,765,527

As at 31 August 2025	2,765,527

Depreciation
As at 1 September 2024	2,228,443
Provided during the period	97,012

As at 31 August 2025	2,325,455

Net Book Value
As at 31 August 2025	440,072

As at 1 September 2024	537,084

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FP Advanced Coatings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Investments

	Subsidiaries
	£
Cost
As at 1 September 2024	100

As at 31 August 2025	100

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	100

As at 1 September 2024	100

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,480	6,480
Amounts owed by group undertakings	1,000	1,297,804
Other debtors	13,711	13,711

	21,191	1,317,995

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,033	12,034
Bank loans and overdrafts	-	20
Amounts owed to group undertakings	105,000	283
Other creditors	9,781	10,497
Taxation and social security	(73 )	-

	126,741	22,834

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	157,885	161,941

9. Secured Creditors

The company has provided a joint guarantee to secure loan facilities to group undertakings, which creates a fixed and floating charge over the assets of the company. The amounts outstanding under these facilities as at 31 August 2025 were £3,791,118.

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FP Advanced Coatings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	126,000	126,000
Later than one year and not later than five years	1,260,000	1,134,000
Later than five years	1,113,000	1,365,000

	2,499,000	2,625,000

12. Related Party Transactions

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

13. Exceptional Items

During the year, the company recognised an exceptional income item in respect of loans payable to certain entities that are no longer part of the Group. Accordingly, the outstanding loan balance has been fully written off, as recovery is no longer considered probable.

The loans written off relate to the following companies:

Threesixty Investco 10 Limited: £1,283.

During the year company recognised an exceptional expense item in respect of loans receiveable. An amount due of £1,297,783 from Foleshill Plating Co. Limited was written off in agreement.

14. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15. Ultimate Parent Undertaking and Controlling Party

At 31 August 2025 the immediate controlling party is FP Advanced Holdings Limited. The ultimate parent company was Threesixty Holdco 10 Limited at the year end.

Following post year-end acquisition on 31 October 2025 the new ultimate parent company is Foleshill Plating Group Ltd.

16. Audit Information

The auditor's report on the accounts of FP Advanced Coatings Limited for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Paul Carvell BFP FCA (Senior Statutory Auditor) for and on behalf of SFB Group Limited , Statutory Auditor.

SFB Group Limited

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		440,072		537,084
Investments	5		100		100

			440,172		537,184
CURRENT ASSETS
Debtors	6	21,191		1,317,995
Cash at bank and in hand		291		-

		21,482		1,317,995
Creditors: Amounts Falling Due Within One Year	7	(126,741 )		(22,834 )

NET CURRENT ASSETS (LIABILITIES)			(105,259 )		1,295,161

TOTAL ASSETS LESS CURRENT LIABILITIES			334,913		1,832,345

Creditors: Amounts Falling Due After More Than One Year	8		(157,885 )		(161,941 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(52,601 )		(60,821 )

NET ASSETS			124,427		1,609,583

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			124,426		1,609,582

SHAREHOLDERS' FUNDS			124,427		1,609,583

Mr C G Waterhouse Director	Dr K S Aojula Director
27 May 2026