Greensafe Property (Droitwich) Ltd

	Page
Company Information	1
Directors' Report	2
Independent Auditor's Report	3—5
Statement of Comprehensive Income	6
Statement of Financial Position	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9—12

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Company No. 15456965

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Directors

The directors who held office during the year were as follows:

Mr John Alan Sansom

Mr Masayuki Utsumi

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Small Company Rules

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

On behalf of the board

Mr John Alan Sansom

Director

28 May 2026

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Independent Auditor's Report

to the Members of

Greensafe Property (Droitwich) Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Greensafe Property (Droitwich) Ltd for the year ended 31 August 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; 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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Greensafe Property (Droitwich) Ltd

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 Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, 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 is 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.

Auditor's 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 an auditor's report 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 identified the laws and regulations applicable to the company and identified the specific laws and regulations that have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and UK GAAP, FRS102 1a in particular. The laws and regulations were communicated to the audit team who remained alert to instances of non-compliance through the audit. We also assessed the susceptibility of the company's financial statements to material misstatement by making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual or suspected frauds and through a consideration of the internal controls that might mitigate the risk of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and the override of controls, we performed substantive testing of material balance sheet assets and liabilities, plus directional testing of revenue and expenses. 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, forgery, collusion or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 that we are required to state to them in an auditor's report 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.

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Independent Auditor's Report (continued)

to the Members of

Greensafe Property (Droitwich) Ltd

Neil Harrison (Senior Statutory Auditor)

for and on behalf of Harrison Partners Limited , Statutory Auditor

28 May 2026

Harrison Partners Limited

Masonic Building

9 Mill Street

Sutton Coldfield

B72 1TJ

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Greensafe Property (Droitwich) Ltd

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

		31 August 2025	31 August 2024
	Notes	£	£
TURNOVER		216,000	60,000

GROSS PROFIT		216,000	60,000

Administrative expenses		(10,677 )	(38,974 )

OPERATING PROFIT		205,323	21,026
Interest payable and similar charges		(193,797 )	(13,586 )

PROFIT BEFORE TAXATION		11,526	7,440
Tax on Profit		(2,190 )	(1,414 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		9,336	6,026
OTHER COMPREHENSIVE INCOME:
Gain/(loss) of revaluation of land and property		(517 )	(53,073 )

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		8,819	(47,047 )

The above results are from continuing activities.

The notes on pages 9 to 12 form part of these financial statements.

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Greensafe Property (Droitwich) Ltd

Statement of Financial Position

As At 31 August 2025

Statement of Financial Position

		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		4,100,000		4,000,000

			4,100,000		4,000,000
CURRENT ASSETS
Debtors	6	50,660		760,147
Cash at bank and in hand		21,560		31,961

		72,220		792,108
Creditors: Amounts Falling Due Within One Year	7	(1,644,606 )		(2,129,971 )

NET CURRENT ASSETS (LIABILITIES)			(1,572,386 )		(1,337,863 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,527,614		2,662,137

Creditors: Amounts Falling Due After More Than One Year	8		(2,565,742 )		(2,709,084 )

NET LIABILITIES			(38,128 )		(46,947 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Revaluation reserve			(53,590 )		(53,073 )
Income Statement			15,362		6,026

SHAREHOLDERS' FUNDS			(38,128)		(46,947)

These accounts 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 on 28 May 2026 and were signed on its behalf by:

Mr John Alan Sansom

Director

The notes on pages 9 to 12 form part of these financial statements.

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Greensafe Property (Droitwich) Ltd

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Income Statement	Total
	£	£	£	£
As at 31 January 2024	100	-	-	100
Profit for year	-	-	6,026	6,026

Deficit on revaluation	-	(53,073)	-	(53,073)

Other comprehensive income for the period	-	(53,073 )	-	(53,073 )

Total comprehensive income for the period	-	(53,073)	6,026	(47,047)

As at 31 August 2024 and 1 September 2024	100	(53,073 )	6,026	(46,947)


Profit for year	-	-	9,336	9,336

Deficit on revaluation	-	(517)	-	(517)

Other comprehensive income for the year	-	(517 )	-	(517 )

Total comprehensive income for the year	-	(517)	9,336	8,819

As at 31 August 2025	100	(53,590 )	15,362	(38,128)

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Greensafe Property (Droitwich) Ltd

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Greensafe Property (Droitwich) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15456965 . The registered office is Aventine House 27a Edwin Avenue, Hoo Farm Industrial Estate, Kidderminster, DY11 7RA.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The directors have considered the working capital requirements for a period of 12 months from the date of this report and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Valuation of the company's freehold property

In respect of the above, the company's freehold property was professionally valued by an independent expert using the comparable method. This method examines the prices of similar premises sold within the location.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Freehold

held at valuation

2.6. Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for

them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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Greensafe Property (Droitwich) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Government Grant

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

2.8. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income.

3. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	31 August 2025	31 August 2024
	£	£
Audit Services
Audit of the company's financial statements	2,600	2,500


Other Services
Audit-related assurance services	1,325	1,250
Taxation compliance service	250	250

	1,575	1,500

4. Average Number of Employees

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

5. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 September 2024	4,000,000
Additions	100,517
Revaluation	(517 )

As at 31 August 2025	4,100,000

Net Book Value
As at 31 August 2025	4,100,000

As at 1 September 2024	4,000,000

The freehold property was revalued as at 31 August 2025 by John Truslove Chartered surveyors and valuers.

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Greensafe Property (Droitwich) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Prepayments and accrued income	660	-
Other debtors	50,000	-
VAT	-	760,147

	50,660	760,147

7. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Bank loans and overdrafts	137,749	45,916
Corporation tax	2,190	1,414
VAT	5,709	-
Accruals and deferred income	4,175	4,000
Directors' loan accounts	808,700	858,814
Amounts owed to group undertakings	686,083	1,219,827

	1,644,606	2,129,971

The amounts owed to group undertakings are unsecured, interest free and repayable on demand.

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

	31 August 2025	31 August 2024
	£	£
Bank loans	2,565,742	2,709,084

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	31 August 2025		31 August 2024
	£		£
Bank loans	1,957,348		2,284,354

9. Secured Creditors

Legal charges dated 21 March 2024 and 13 May 2024 in favour of NatWest Bank PLC over the loan facilities are in place, containing fixed and floating charges over all property and undertakings of the company, present and future.

Greensafe IT Limited and Greensafe Property Limited, two fellow subsidiaries of Greensafe Holdings Limited, have each provided a £3,555,000 guarantee in respect of the company bank loan.

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Greensafe Property (Droitwich) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Loans

An analysis of the maturity of loans is given below:

	31 August 2025	31 August 2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	137,749	45,916

	31 August 2025	31 August 2024
	£	£
Amounts falling due between one and five years:
Bank loans	608,394	424,730

	31 August 2025	31 August 2024
	£	£
Amounts falling due after more than five years:
Bank loans	1,957,348	2,284,354

The bank loan is provided by National Westminster Bank Plc. The loan is repayable in full by May 2045 and bears an interest rate of 2.25% plus the Bank of England base rate.

11. Share Capital

	31 August 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	100	100

12. Post Balance Sheet Events

There are no events that have occurred since the reporting date that need to be disclosed or adjusted for in these financial statements.

13. Related Party Disclosures

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.

14. Controlling Parties

The company's ultimate controlling party is Greensafe Holdings Limited by virtue of their interest in the share capital of the company.

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