IRIS Accounts Production v26.1.10.61 02639050 Board of Directors 1.12.24 30.11.25 30.11.25 building contractors. true false true true false false true true true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02639050 2024-11-30 02639050 2025-11-30 02639050 2024-12-01 2025-11-30 02639050 2023-11-30 02639050 2023-12-01 2024-11-30 02639050 2024-11-30 02639050 ns15:EnglandWales 2024-12-01 2025-11-30 02639050 ns14:PoundSterling 2024-12-01 2025-11-30 02639050 ns10:Director1 2024-12-01 2025-11-30 02639050 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 02639050 ns10:FRS102 2024-12-01 2025-11-30 02639050 ns10:Audited 2024-12-01 2025-11-30 02639050 ns10:LargeCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 02639050 ns10:LargeCompaniesRegimeForAccounts 2024-12-01 2025-11-30 02639050 ns10:FullAccounts 2024-12-01 2025-11-30 02639050 ns10:OrdinaryShareClass1 2024-12-01 2025-11-30 02639050 ns10:Director2 2024-12-01 2025-11-30 02639050 ns10:Director3 2024-12-01 2025-11-30 02639050 ns10:Director4 2024-12-01 2025-11-30 02639050 ns10:Director5 2024-12-01 2025-11-30 02639050 ns10:Director6 2024-12-01 2025-11-30 02639050 ns10:CompanySecretary1 2024-12-01 2025-11-30 02639050 ns10:RegisteredOffice 2024-12-01 2025-11-30 02639050 1 2024-12-01 2025-11-30 02639050 1 2023-12-01 2024-11-30 02639050 ns5:CurrentFinancialInstruments 2025-11-30 02639050 ns5:CurrentFinancialInstruments 2024-11-30 02639050 ns5:Non-currentFinancialInstruments 2025-11-30 02639050 ns5:Non-currentFinancialInstruments 2024-11-30 02639050 ns5:ShareCapital 2025-11-30 02639050 ns5:ShareCapital 2024-11-30 02639050 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 02639050 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 02639050 ns5:ShareCapital 2023-11-30 02639050 ns5:RetainedEarningsAccumulatedLosses 2023-11-30 02639050 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 02639050 ns5:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 02639050 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-12-01 2024-11-30 02639050 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 02639050 ns5:RetainedEarningsAccumulatedLosses 2024-12-01 2025-11-30 02639050 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-01 2025-11-30 02639050 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-11-30 02639050 ns5:PlantMachinery 2024-12-01 2025-11-30 02639050 ns5:FurnitureFittings 2024-12-01 2025-11-30 02639050 ns5:MotorVehicles 2024-12-01 2025-11-30 02639050 ns10:HighestPaidDirector 2024-12-01 2025-11-30 02639050 ns10:HighestPaidDirector 2023-12-01 2024-11-30 02639050 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-12-01 2025-11-30 02639050 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-12-01 2024-11-30 02639050 ns5:OwnedAssets 2024-12-01 2025-11-30 02639050 ns5:OwnedAssets 2023-12-01 2024-11-30 02639050 ns5:LeasedAssets 2024-12-01 2025-11-30 02639050 ns5:LeasedAssets 2023-12-01 2024-11-30 02639050 5 2024-12-01 2025-11-30 02639050 5 2023-12-01 2024-11-30 02639050 ns5:HirePurchaseContracts 2024-12-01 2025-11-30 02639050 ns5:HirePurchaseContracts 2023-12-01 2024-11-30 02639050 ns5:PlantMachinery 2024-11-30 02639050 ns5:FurnitureFittings 2024-11-30 02639050 ns5:MotorVehicles 2024-11-30 02639050 ns5:PlantMachinery 2025-11-30 02639050 ns5:FurnitureFittings 2025-11-30 02639050 ns5:MotorVehicles 2025-11-30 02639050 ns5:PlantMachinery 2024-11-30 02639050 ns5:FurnitureFittings 2024-11-30 02639050 ns5:MotorVehicles 2024-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-11-30 02639050 ns5:LeasedAssetsHeldAsLessee 2024-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-01 2025-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-12-01 2025-11-30 02639050 ns5:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-11-30 02639050 ns5:LeasedAssetsHeldAsLessee 2025-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-11-30 02639050 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-11-30 02639050 ns5:LeasedAssetsHeldAsLessee 2024-11-30 02639050 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 02639050 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 02639050 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-11-30 02639050 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-11-30 02639050 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-11-30 02639050 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-11-30 02639050 ns5:HirePurchaseContracts 2025-11-30 02639050 ns5:HirePurchaseContracts 2024-11-30 02639050 ns5:WithinOneYear 2025-11-30 02639050 ns5:WithinOneYear 2024-11-30 02639050 ns5:BetweenOneFiveYears 2025-11-30 02639050 ns5:BetweenOneFiveYears 2024-11-30 02639050 ns5:AllPeriods 2025-11-30 02639050 ns5:AllPeriods 2024-11-30 02639050 ns5:DeferredTaxation 2024-11-30 02639050 ns5:DeferredTaxation 2024-12-01 2025-11-30 02639050 ns5:DeferredTaxation 2025-11-30 02639050 ns10:OrdinaryShareClass1 2025-11-30 02639050 ns5:RetainedEarningsAccumulatedLosses 2024-11-30

REGISTERED NUMBER: 02639050 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

WEST POINT CONSTRUCTION LIMITED

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditors | 6 |

Statement of Comprehensive Income | 9 |

Balance Sheet | 10 |

Statement of Changes in Equity | 11 |

Notes to the Financial Statements | 12 |

WEST POINT CONSTRUCTION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | M F P Regan

| E Regan

| C Lovell

| A D Finch

| A P Jordan

| C Higgs

| SECRETARY: | E Regan

| REGISTERED OFFICE: | Caitom House

| Fishing Line Road

| Redditch

| Worcestershire

| B97 6EW

| REGISTERED NUMBER: | 02639050 (England and Wales)

| AUDITORS: | Prime

| Chartered Accountants

| Statutory Auditor

| 161 Newhall Street

| Birmingham

| B3 1SW

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

The directors present their strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and nature of our business.

The performance of the business was impacted by the economic uncertainty of the sector and the majority of the clients within the speculate housing market who adopted a cautious approach to ongoing production in line with significant reduction in sales, and delays in starting new sites. The affordable housing sector stalled on commencement of sites in quarter one as a result of funding and planning issues.

We consider that in spite of the above, our key financial performance indicators are those that communicate the financial performance and strength of the business as a whole, these being turnover and operating margin. In the current financial period the turnover achieved was £81.7m (2024: £89.6m) and gross margin of 15.2% (2024: 12.9%). Net assets of the company have increased in the period by £0.9m.

Plant and vehicle additions in the period total £7.7m which was a requirement of the company to sustain current performance levels, and the company renewal of plant policies..

We are still focused on cost control, improved production levels and more sophisticated accountants software and modelling, are confident that this focus during our continued growth will be evident in improved performance.In line with the re-structure within our business and the movement into active affordable and presold sector of the housing market, to maximise the impact of the slow down in private housing.

PRINCIPAL RISKS AND UNCERTAINTIES

We continue to monitor the principal risks and uncertainties to which the business and the wider industry are subject which are listed as follows:

- Unforeseen events or circumstances while carrying out work which may cause losses.

- Risk of bad debts.

- Slow down or recession in the local or national economy and general cut back in government funding which may lead to a significant reduction in the company's income.

- Any dramatic rise in interest rates due to the volatile economy.

- Chain supply issues affecting deliveries and significant product price increases occurring in the financial year.

- Monitor impact of fuel price increase by the government effective from April 2022, to remove the entitlement to discounted red diesel and rebated biofuels monitor on site based costs as well as general transportation costs increase, which are still impacting the industry as a whole.

-The impact of the ongoing Russian/Ukranian war

We are committed to developing existing relationships along with more client diversity in delivery of social and affordable housing will produce more of the growth opportunities the business requires and hence continued financial performance of the company. Our tendering opportunities remain at levels above previous years, whilst competition is impacting on margins.

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

SECTION 172(1) STATEMENT

The directors have acted in a way they consider, in good faith, promotes the success of the company for the benefit of it's members, and in doing so have given regard to:

Consequence of any decisions in the long term

The directors understand the business and the evolving market it operates in. The focus in making decisions is to strengthen the company's standing in the market, whilst maximising returns and providing positive outcomes.

As part of our long-term strategy the business is investing in individuals and new technology to improve quality and efficiency moving forward. Our investment in intelligent machine control and innovation is part of this work which will develop our core management team whilst meeting our commitment to reduce the company's carbon footprint.

Business relationships with suppliers, customers and others

The directors understand the need to build strong and mutually beneficial relationships with its suppliers, customers and others to ensure the future success of the business. The company's policy is to agree payment terms in advance in line with normal trade practices and apply fair and reasonable principles within those relationships. Part of those principles is a commitment to providing our customers with quality assured products, efficiently delivered and developing a relationship of trust and transparency on a one to one basis with customers and suppliers.

Our employees

The company recognises that employees are fundamental and core to our business and delivery of our wider long-term plans. To ensure the continued success of the business we ensure we remain a responsible employer in terms of pay, benefits, continued training, health & safety and the workplace environment. We align ourselves on the continued development of our employees and strive to promote from within the business, providing support via our career pathways to support individuals as they progress and develop their careers.

Acting fairly to all stakeholders

The long-term success of the business is dependant on having the right corporate culture and making decisions which achieve our goals but which are in the best interest of all stakeholders, including shareholders, customers, employees, suppliers and others. After weighing up all these factors, the directors consider the course of action which best enables delivery whilst taking in to consideration the impact on stakeholders.

ON BEHALF OF THE BOARD:

M F P Regan - Director

11 June 2026

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 NOVEMBER 2025

The directors present their report with the financial statements of the company for the year ended 30 November 2025.

DIVIDENDS

The total distribution of dividends for the period ended 30 November 2025 was £Nil (2024: £Nil).

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 December 2024 to the date of this report.

The directors shown below were in office at 30 November 2025 but did not hold any interest in the Ordinary shares of £1 each at 1 December 2024 or 30 November 2025.

M F P Regan

E Regan

C Lovell

A D Finch

A P Jordan

C Higgs

STREAMLINED ENERGY AND CARBON REPORTING

Information regarding SECR can be found in the group accounts of the ultimate holding company, Acastus Limited, please see Note 21.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 NOVEMBER 2025

AUDITORS

The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M F P Regan - Director

11 June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEST POINT CONSTRUCTION LIMITED

Opinion

We have audited the financial statements of West Point Construction Limited (the 'company') for the year ended 30 November 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 November 2025 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.

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 Auditors' 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 company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEST POINT CONSTRUCTION LIMITED

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 Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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 and 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.

Responsibilities of directors

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

Auditors' 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 a Report of the Auditors 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WEST POINT CONSTRUCTION LIMITED

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

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 we are required to state to them in a Report of the Auditors 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.

Jeremy Kitson BA FCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

16 June 2026

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 NOVEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 81,629,783 |  | 89,571,807 |  |

Cost of sales | 69,227,003 |  | 78,046,729 |  |

GROSS PROFIT | 12,402,780 |  | 11,525,078 |  |

Administrative expenses | 9,675,637 |  | 7,951,808 |  |

OPERATING PROFIT | 5 | 2,727,143 |  | 3,573,270 |  |

Interest receivable and similar income | 16,110 |  | 1,108 |  |

2,743,253 |  | 3,574,378 |  |

Interest payable and similar expenses | 6 | 857,175 |  | 450,416 |  |

PROFIT BEFORE TAXATION | 1,886,078 |  | 3,123,962 |  |

Tax on profit | 7 | 1,036,034 |  | 447,873 |  |

PROFIT FOR THE FINANCIAL YEAR | 850,044 |  | 2,676,089 |  |

OTHER COMPREHENSIVE INCOME |

Exercise of share options | - |  | (367,966 | ) |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | (367,966 | ) |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 850,044 |  | 2,308,123 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

BALANCE SHEET

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 16,455,942 |  | 13,245,316 |  |

CURRENT ASSETS

Stocks | 9 | 759,717 |  | 1,118,561 |  |

Debtors | 10 | 24,400,908 |  | 17,745,563 |  |

Investments | 11 | 15,000 |  | 15,000 |  |

Cash at bank and in hand | 1,009,017 |  | 6,426,131 |  |

26,184,642 |  | 25,305,255 |  |

CREDITORS

Amounts falling due within one year | 12 | 22,974,391 |  | 22,392,883 |  |

NET CURRENT ASSETS | 3,210,251 |  | 2,912,372 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 19,666,193 |  | 16,157,688 |  |

CREDITORS

Amounts falling due after more than one year | 13 | (4,155,708 | ) | (2,386,400 | ) |

PROVISIONS FOR LIABILITIES | 17 | (2,359,443 | ) | (1,470,290 | ) |

NET ASSETS | 13,151,042 |  | 12,300,998 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 250,000 |  | 250,000 |  |

Retained earnings | 19 | 12,901,042 |  | 12,050,998 |  |

SHAREHOLDERS' FUNDS | 13,151,042 |  | 12,300,998 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

M F P Regan - Director

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2025

| Called up |  | Capital |

| share |  | Retained |  | contribution |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 December 2023 | 250,000 |  | 9,374,909 |  | 367,966 |  | 9,992,875 |  |

Changes in equity

Total comprehensive income | - |  | 2,676,089 |  | (367,966 | ) | 2,308,123 |  |

Balance at 30 November 2024 | 250,000 |  | 12,050,998 |  | - |  | 12,300,998 |  |

Changes in equity

Total comprehensive income | - |  | 850,044 |  | - |  | 850,044 |  |

Balance at 30 November 2025 | 250,000 |  | 12,901,042 |  | - |  | 13,151,042 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| West Point Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland", issued by the Financial Reporting Council and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, where required by FRS 102.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

| • | the requirement of paragraph 33.7.

| The results of the company are consolidated in the ultimate parent's financial statements and these can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| When preparing the financial statements, management is required to make estimates which affect income, expenses, assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

| The key assumptions concerning the future and other key sources of estimation uncertainty at the Statement of Financial Position date that have a significant risk of causing a material adjustment are as follows:

| (a) Turnover and profit recognition

| The estimation techniques used for revenue and profit recognition in respect of contracts require forecasts to be made of the outcome of long term contracts which require assessments and judgements to be made on the recovery of pre contract costs, changes in the scope of work, contract programmes, maintenance and defects liabilities and changes in costs.

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates - continued

| (b) Recoverable value of recognised receivables

| The recoverability of trade and other receivables is regularly reviewed in the light of available economic information specific to each receivable and provisions are recognised for balances considered to be irrecoverable.

| (c) Provisions

| Provisions against projects are liabilities of uncertain timing or amount and therefore in making a reliable estimate judgement is applied and re evaluated at each reporting date.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be measured reliably. Turnover represents invoiced work, excluding value added tax, on construction projects.

| Long term contracts

| Revenue is recognised throughout each construction project on the basis of valuations made by surveyors. Attributable profit is recognised as the difference between recorded turnover and related costs and therefore all foreseeable losses on existing contracts are provided in full.

| Amounts recoverable on long term contracts, which are included in trade debtors, are stated at the net sales value of work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

| Current tax

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

| Share-based payments

| The company's ultimate parent issues equity-settled share options to certain employees within the company. Equity-settled share-based payment transactions are measured at fair value.

| Fair value is measured by use of a earnings valuation model which is considered by management to be the most appropriate method of valuation.

| The fair value of options in issue but not exercised are contained within other reserves. Where options have been granted but not vested, the Directors have estimated how many they believe will ultimately vest and they have adopted this estimation in their value calculation. Share options issued in the group scheme as consideration for employment services provided are treated as an expense of the company in the period and credited to a capital contribution reserve at their fair value. On the exercise or lapse of the options, their value is transferred to profit and loss.

3. | TURNOVER

| All turnover relates to the principal activity of the company in the year, and was entirely derived in the UK.

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,332,679 |  | 3,093,742 |  |

| Social security costs | 432,411 |  | 354,227 |  |

| Other pension costs | 135,500 |  | 129,004 |  |

3,900,590 |  | 3,576,973 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Managerial and Office | 43 |  | 39 |  |

| Site | 11 |  | 12 |  |

54 |  | 51 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 731,125 |  | 495,932 |  |

| Directors' pension contributions to money purchase schemes | 96,294 |  | 89,867 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 3 |  | 4 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 338,838 |  | 205,181 |  |

| Pension contributions to money purchase schemes | 1,016 |  | 12,284 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Plant hire and repairs | 7,798,380 |  | 8,619,704 |  |

| Depreciation - owned assets | 699,101 |  | 532,440 |  |

| Depreciation - assets on hire purchase contracts | 2,012,268 |  | 1,774,742 |  |

| Loss on disposal of fixed assets | 293,734 |  | 18,826 |  |

| Auditors' remuneration | 16,661 |  | 15,123 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 38 |  | (2,801 | ) |

| Other interest | 432,982 |  | 70,692 |  |

| Hire purchase | 424,155 |  | 382,525 |  |

857,175 |  | 450,416 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| Under/(over) provision in prior years | 146,881 |  | - |  |

| Deferred tax:

| Deferred tax on accelerated

| capital allowances | 889,153 |  | 361,560 |  |

| Deferred tax on share options | - |  | 86,313 |  |

| Total deferred tax | 889,153 |  | 447,873 |  |

| Tax on profit | 1,036,034 |  | 447,873 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,886,078 |  | 3,123,962 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 471,520 |  | 780,991 |  |

| Effects of:

| Expenses not deductible for tax purposes | 95,289 |  | (120,006 | ) |

| Capital allowances in excess of depreciation | (978,287 | ) | (812,635 | ) |

| Adjustments to tax charge in respect of previous periods | 146,880 |  | - |  |

| Tax losses c/fwd | 411,479 |  | 151,650 |  |

| Deferred tax | 889,153 |  | 447,873 |  |

| Total tax charge | 1,036,034 |  | 447,873 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 30 November 2025.

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

7. | TAXATION - continued

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Exercise of share options | (367,966 | ) | - |  | (367,966 | ) |

8. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2024 | 13,491,451 |  | 195,221 |  | 5,076,520 |  | 18,763,192 |  |

| Additions | 5,567,906 |  | 292,127 |  | 1,803,755 |  | 7,663,788 |  |

| Disposals | (2,247,316 | ) | - |  | (1,053,680 | ) | (3,300,996 | ) |

| At 30 November 2025 | 16,812,041 |  | 487,348 |  | 5,826,595 |  | 23,125,984 |  |

| DEPRECIATION

| At 1 December 2024 | 3,569,734 |  | 99,300 |  | 1,848,842 |  | 5,517,876 |  |

| Charge for year | 1,683,536 |  | 18,992 |  | 1,008,841 |  | 2,711,369 |  |

| Eliminated on disposal | (937,957 | ) | - |  | (621,246 | ) | (1,559,203 | ) |

| At 30 November 2025 | 4,315,313 |  | 118,292 |  | 2,236,437 |  | 6,670,042 |  |

| NET BOOK VALUE

| At 30 November 2025 | 12,496,728 |  | 369,056 |  | 3,590,158 |  | 16,455,942 |  |

| At 30 November 2024 | 9,921,717 |  | 95,921 |  | 3,227,678 |  | 13,245,316 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

8. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 10,126,995 |  | 2,191,878 |  | 12,318,873 |  |

| Additions | 2,794,555 |  | 1,567,931 |  | 4,362,486 |  |

| Disposals | (958,916 | ) | (17,468 | ) | (976,384 | ) |

| Transfer to ownership | (2,841,739 | ) | (255,679 | ) | (3,097,418 | ) |

| At 30 November 2025 | 9,120,895 |  | 3,486,662 |  | 12,607,557 |  |

| DEPRECIATION

| At 1 December 2024 | 2,207,903 |  | 525,448 |  | 2,733,351 |  |

| Charge for year | 1,370,147 |  | 642,121 |  | 2,012,268 |  |

| Eliminated on disposal | (389,448 | ) | (4,428 | ) | (393,876 | ) |

| Transfer to ownership | (1,227,983 | ) | (145,229 | ) | (1,373,212 | ) |

| At 30 November 2025 | 1,960,619 |  | 1,017,912 |  | 2,978,531 |  |

| NET BOOK VALUE

| At 30 November 2025 | 7,160,276 |  | 2,468,750 |  | 9,629,026 |  |

| At 30 November 2024 | 7,919,092 |  | 1,666,430 |  | 9,585,522 |  |

9. | STOCKS

2025 | 2024 |

£ | £ |

| Raw materials | 759,717 |  | 1,118,561 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,134,356 |  | 2,711,836 |  |

| Amounts recoverable on contract | 18,311,972 |  | 12,823,999 |  |

| Other debtors | 13,035 |  | 21,535 |  |

| Amounts due from group

| undertakings | 1,227,603 |  | 885,603 |  |

| Tax | 146,881 |  | 443,761 |  |

| VAT | 978,731 |  | 709,342 |  |

| Prepayments | 588,330 |  | 149,487 |  |

24,400,908 |  | 17,745,563 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

11. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Listed investments | 15,000 |  | 15,000 |  |

| Market value of listed investments at 30 November 2025 - £ 16,536 (2024 - £ 9,126 ).

| Listed investments represent investments in non-puttable ordinary shares. The fair values have been determined with reference to the quoted share price at the reporting date, however no adjustment has been made in the financial statements on the grounds of materiality. The cost of shares on acquisition are stated above.

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

2025 | 2024 |

£ | £ |

| Other loans (see note 14) | 3,711,250 |  | 4,465,995 |  |

| Hire purchase contracts (see note 15) | 4,361,321 |  | 3,367,173 |  |

| Trade creditors | 13,711,537 |  | 13,320,217 |  |

| Amounts owed to group undertakings | 270,184 |  | 491,135 |  |

| Social security and other taxes | 221,864 |  | 175,698 |  |

| Other creditors | 12,252 |  | 3,080 |  |

| Accrued expenses | 685,983 |  | 569,585 |  |

22,974,391 |  | 22,392,883 |  |

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 15) | 4,155,708 |  | 2,386,400 |  |

14. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Other loans | 3,711,250 |  | 4,465,995 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 4,361,321 |  | 3,367,173 |  |

| Between one and five years | 4,155,708 |  | 2,386,400 |  |

8,517,029 |  | 5,753,573 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 60,782 |  | 8,796 |  |

| Between one and five years | 31,430 |  | - |  |

92,212 |  | 8,796 |  |

16. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 8,517,029 |  | 5,753,573 |  |

| Hire purchase contracts are secured by the assets to which the contracts relate.

| Bank borrowings are secured by a fixed and floating charge over the assets of the company. An unlimited cross guarantee also exists between the bank and West Point Construction Limited and its fellow subsidiary West Point Plant Limited.

17. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 2,359,443 |  | 1,470,290 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 1,470,290 |  |

| Provided during year | 889,153 |  |

| Balance at 30 November 2025 | 2,359,443 |  |

WEST POINT CONSTRUCTION LIMITED (REGISTERED NUMBER: 02639050)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 250,000 | Ordinary | £1 | 250,000 |  | 250,000 |  |

| Ordinary shares have a right to receive notice of, attend and vote at a general meeting of the company. The shares have a right to participate in a dividend. The shares are not redeemable.

19. | RESERVES

| Retained

| earnings

£ |

| At 1 December 2024 | 12,050,998 |  |

| Profit for the year | 850,044 |  |

| At 30 November 2025 | 12,901,042 |  |

| The retained earnings reserve which represents the cumulative profits or losses net of dividends paid.

20. | RELATED PARTY DISCLOSURES

| Point 2 Point Haulage Contractors Limited is a company registered in England and Wales in which M F P Regan, a director, has a substantial interest.

| During the year the company recharged expenses of £28,706 (2024: £64,796) to Point 2 Point Haulage Contractors Limited and received supplies to the value of £743,799 (2024: £3,101,719) from Point 2 Point Haulage Contractors Limited. All transactions were conducted on an arms length basis, and entered into under normal business terms.

| The amount owed to Point 2 Point Haulage Contractors Limited by the company at the year end was £333,836 (2024: £508,946).

21. | ULTIMATE PARENT UNDERTAKING

| Acastus Limited is the ultimate parent undertaking.

| The group financial statements are prepared under Acastus Limited. Copies of the financial statements can be obtained from the Companies House website, or alternatively, by contacting the company at Century House, Wargrave Road, Henley-On-Thames, Oxfordshire, RG9 2LT.