The notes on pages 3 to 8 form part of these financial statements.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

AmdecUK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue derived from rented properties is measured at the fair value of the consideration received or receivable and represents amounts receivable per the contract, net of discounts and exclusive of VAT.

Income from the sale of property is recognised on legal completion of the sale when the significant risks and rewards of ownership pass to the purchaser.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Assets in the course of construction are not depreciated.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The company employed no persons during the current and preceding years.

Investment property comprises five plots acquired from All Saints Developments (Great Ellingham) Limited. The fair value of the investment property has been arrived at on the basis of a directors' valuation, made on an open market value basis by reference to market evidence of transaction prices for similar properties.

One property was sold during the year and one property sold after the the year end.

During the year ending 28 February 2026 £2,400,000 was advanced for the purchase of plot 14, plot 24, plot 25 and plot 26 in the Bowsfield development in Norwich. The outstanding balance at the reporting date is £2,400,000 and is secured over the properties. The loan bears interest at a variable rate, consisting of the central bank rate plus 3% margin per annum, with interest being serviced quarterly in arrears. At the reporting date accrued quarterly interest of £2,663 was unpaid. The loan is repayable by January 2028.

At the reporting date the company had a loan agreement with Investec Bank PLC to provide development finance for the demolition project related to the Palmer Street property of £3,500,000, a facility for the expansion of the international division of £6,500,000 and £1,500,000 advanced for the purchase of Plot 6 and Plot 13 in the Bowsfield development in Norwich. The outstanding balance at the reporting date is £10,625,000 (2025: £11,500,000) and is secured over the properties. A facility repayment was made on the sale of plot 13 reducing the loan by £875,000. The loan bears interest at a variable rate, consisting of the central bank rate plus 4.5% margin per annum, with interest being serviced quarterly in arrears. At the reporting date accrued quarterly interest of £148,095 (2025: £184,709) was unpaid.

The company had no corporation tax liability for the year due to the surrendering of tax losses by other group companies for nil consideration.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 28 February 2026 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.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

The parent company is Amdec Investments (Pty) Ltd, incorporated in South Africa with registered office at Amdec House, Silverwood Close, Steenberg Office Park. Tokai, 7945, South Africa. It is also the parent of the smallest group for which consolidated accounts including AmdecUK Limited are drawn up, and copies of these accounts can be obtained from its registered office.