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REGISTERED NUMBER: 10689706 (England and Wales)

VERNIER METAL PRODUCTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

VERNIER METAL PRODUCTS LIMITED (REGISTERED NUMBER: 10689706)

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 30 NOVEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

VERNIER METAL PRODUCTS LIMITED

COMPANY INFORMATION

For The Year Ended 30 NOVEMBER 2025

| DIRECTORS: | C W H Davies

| G J Hawkins

| I Chatwin

| W Hawkins

| REGISTERED OFFICE: | Vernier Works

| Edward Street

| Redditch

| Worcestershire

| B97 6HA

| REGISTERED NUMBER: | 10689706 (England and Wales)

| AUDITORS: | Charles Lovell & Co Limited

| Chartered Certified Accountants

| and Statutory Auditors

| 8 Church Green East

| Redditch

| Worcestershire

| B98 8BP

VERNIER METAL PRODUCTS LIMITED (REGISTERED NUMBER: 10689706)

BALANCE SHEET

30 NOVEMBER 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1,080,635 |  | 1,080,635 |  |

CURRENT ASSETS

Debtors | 5 | 98,750 |  | 88,750 |  |

Cash at bank | 199 |  | 384 |  |

98,949 |  | 89,134 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,149,395 |  | 1,145,845 |  |

NET CURRENT LIABILITIES | (1,050,446 | ) | (1,056,711 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,189 |  | 23,924 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 99 |  | 99 |  |

Retained earnings | 30,090 |  | 23,825 |  |

SHAREHOLDERS' FUNDS | 30,189 |  | 23,924 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

C W H Davies - Director

VERNIER METAL PRODUCTS LIMITED (REGISTERED NUMBER: 10689706)

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Vernier Metal Products Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fox House, Edward Street, Redditch, Worcestershire, B97 6HA.

2. | ACCOUNTING POLICIES

| Accounting convention

| 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.

| 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

| Going concern

| At 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Investments in subsidiaries

| Interests in subsidiaries, associates and jointly controlled entities 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.

| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

| An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

| Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

VERNIER METAL PRODUCTS LIMITED (REGISTERED NUMBER: 10689706)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| 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 recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and 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 unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| 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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Foreign exchange

| 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.

VERNIER METAL PRODUCTS LIMITED (REGISTERED NUMBER: 10689706)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 1,080,635 |  |

| NET BOOK VALUE

| At 30 November 2025 | 1,080,635 |  |

| At 30 November 2024 | 1,080,635 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Worcestershire Metal Holdings Limited

| Registered office: United Kingdom

| Nature of business: Intermediate holding company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Vernier Springs and Pressings Limited

| Registered office: United Kingdom

| Nature of business: Manufacturing

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Amounts owed by group undertakings | 98,750 |  | 88,750 |  |

VERNIER METAL PRODUCTS LIMITED (REGISTERED NUMBER: 10689706)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 NOVEMBER 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Amounts owed to group undertakings | 1,148,153 |  | 1,144,603 |  |

| Accruals and deferred income | 1,242 |  | 1,242 |  |

1,149,395 |  | 1,145,845 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.11.25 |  | 30.11.24

| value: | £ | £ |

| 99 | Ordinary | £1 | 99 |  | 99 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| John Thomas Harris (Senior Statutory Auditor)

| for and on behalf of Charles Lovell & Co Limited

9. | RELATED PARTY DISCLOSURES

| As at the balance sheet date £98,750 was owed to Vernier Metal Products Limited from a wholly owned subsidiary.

| As at the balance sheet date £1,148,153 is owed by Vernier Metal Products Limited to a wholly owned subsidiary.

10. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party due to the diversified shareholding.