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REGISTERED NUMBER: 04361486 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| FOR |

| EUROS STEEL LIMITED |

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

EUROS STEEL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | Mrs T Kara

| Miss J Kara

| Miss R Kara

| Mrs P V Kara

| SECRETARY: | Mrs T Kara

| REGISTERED OFFICE: | 713a North Circular Road

| London

| NW2 7AX

| REGISTERED NUMBER: | 04361486 (England and Wales)

| ACCOUNTANTS: | Sterling Accounts Limited

| t/a Sterling

| Chartered Accountants

| 505 Pinner Road

| Harrow

| Middlesex

| HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

EUROS STEEL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Euros Steel Limited for the year ended 31 March 2026 which comprise the Profit and loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Euros Steel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Euros Steel Limited and state those matters that we have agreed to state to the Board of Directors of Euros Steel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Euros Steel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Euros Steel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Euros Steel Limited. You consider that Euros Steel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Euros Steel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

9 July 2026

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Property, plant and equipment | 5 | 3,074,040 |  | 3,162,093 |  |

Investment property | 6 | 3,720,000 |  | 3,820,000 |  |

6,794,040 |  | 6,982,093 |  |

CURRENT ASSETS

Inventories | 300,000 |  | 350,830 |  |

Debtors | 7 | 13,552,302 |  | 11,920,332 |  |

Cash at bank and in hand | 124,596 |  | 131,678 |  |

13,976,898 |  | 12,402,840 |  |

CREDITORS

Amounts falling due within one year | 8 | 6,450,164 |  | 6,042,362 |  |

NET CURRENT ASSETS | 7,526,734 |  | 6,360,478 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,320,774 |  | 13,342,571 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 14,320,674 |  | 13,342,471 |  |

SHAREHOLDERS' FUNDS | 14,320,774 |  | 13,342,571 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

BALANCE SHEET - continued

31 MARCH 2026

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 Profit and loss has not been delivered.

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

Miss J Kara - Director | Mrs T Kara - Director

Miss R Kara - Director

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Euros Steel 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| 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.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue recognition

| Revenue from the engineering work is recognised at the time of the service is rendered. Rent is recognised on a receivable basis to the balance sheet date.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 1% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Investment property

| Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

| Subsequent to initial recognition:

| Investment properties whose fair value can be measured reliably without undue cost or effort are held

| at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in

| the period that they arise.

| Stocks

| Stocks are measured at the lower of cost and selling price less cost to sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

| 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.

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2025 - 12 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 16,443 |  |

| AMORTISATION

| At 1 April 2025

| and 31 March 2026 | 16,443 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2025 | 3,107,634 |  | 1,620,686 |  | 20,488 |  |

| Disposals | - |  | - |  | - |  |

| At 31 March 2026 | 3,107,634 |  | 1,620,686 |  | 20,488 |  |

| DEPRECIATION

| At 1 April 2025 | 216,274 |  | 1,361,937 |  | 20,426 |  |

| Charge for year | 31,077 |  | 51,750 |  | 62 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 March 2026 | 247,351 |  | 1,413,687 |  | 20,488 |  |

| NET BOOK VALUE

| At 31 March 2026 | 2,860,283 |  | 206,999 |  | - |  |

| At 31 March 2025 | 2,891,360 |  | 258,749 |  | 62 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2025 | 23,260 |  | 16,459 |  | 4,788,527 |  |

| Disposals | (6,900 | ) | - |  | (6,900 | ) |

| At 31 March 2026 | 16,360 |  | 16,459 |  | 4,781,627 |  |

| DEPRECIATION

| At 1 April 2025 | 11,338 |  | 16,459 |  | 1,626,434 |  |

| Charge for year | 3,250 |  | - |  | 86,139 |  |

| Eliminated on disposal | (4,986 | ) | - |  | (4,986 | ) |

| At 31 March 2026 | 9,602 |  | 16,459 |  | 1,707,587 |  |

| NET BOOK VALUE

| At 31 March 2026 | 6,758 |  | - |  | 3,074,040 |  |

| At 31 March 2025 | 11,922 |  | - |  | 3,162,093 |  |

EUROS STEEL LIMITED (REGISTERED NUMBER: 04361486)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025 | 3,820,000 |  |

| Revaluations | (100,000 | ) |

| At 31 March 2026 | 3,720,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 3,720,000 |  |

| At 31 March 2025 | 3,820,000 |  |

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2025 | (300,000 | ) |

| Valuation in 2026 | (100,000 | ) |

| Cost | 4,120,000 |  |

3,720,000 |  |

| Based on advice from a property agent and the directors' knowledge of the local property and rental markets, the market value of the investment properties at 31 March 2026 is not significantly different to that disclosed above.

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

2026 | 2025 |

£ | £ |

| Trade debtors | 49,105 |  | 45,236 |  |

| Amounts owed by connected companies | 12,056,385 |  | 10,930,046 |  |

| Amounts owed by group companies | 113,748 |  | 56,776 |  |

| Other debtors | 1,333,064 |  | 888,274 |  |

13,552,302 |  | 11,920,332 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 1,219,747 |  | 759,258 |  |

| Amounts owed to group companies | 4,035,890 |  | 4,085,935 |  |

| Taxation and social security | 374,261 |  | 1,086,145 |  |

| Other creditors | 820,266 |  | 111,024 |  |

6,450,164 |  | 6,042,362 |  |

9. | RELATED PARTY DISCLOSURES

| At the year end the company owed £25,889 (2025: £29,588) to the directors. The amount owed is interest-free and repayable on demand.