IRIS Accounts Production v26.1.10.61 15056975 Board of Directors 1.11.24 31.10.25 31.10.25 0 0 true false true true false false true true true true true false false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 0 0 Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15056975 2024-10-31 15056975 2025-10-31 15056975 2024-11-01 2025-10-31 15056975 2023-08-07 15056975 2023-08-08 2024-10-31 15056975 2024-10-31 15056975 ns15:EnglandWales 2024-11-01 2025-10-31 15056975 ns14:PoundSterling 2024-11-01 2025-10-31 15056975 ns10:Director1 2024-11-01 2025-10-31 15056975 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 15056975 ns10:FRS101 2024-11-01 2025-10-31 15056975 ns10:Audited 2024-11-01 2025-10-31 15056975 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 15056975 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-11-01 2025-10-31 15056975 ns10:FullAccounts 2024-11-01 2025-10-31 15056975 ns10:OrdinaryShareClass1 2024-11-01 2025-10-31 15056975 ns10:OrdinaryShareClass2 2024-11-01 2025-10-31 15056975 ns10:OrdinaryShareClass3 2024-11-01 2025-10-31 15056975 ns10:OrdinaryShareClass4 2024-11-01 2025-10-31 15056975 ns10:OrdinaryShareClass5 2024-11-01 2025-10-31 15056975 ns10:Director2 2024-11-01 2025-10-31 15056975 ns10:Director3 2024-11-01 2025-10-31 15056975 ns10:Director4 2024-11-01 2025-10-31 15056975 ns10:Director5 2024-11-01 2025-10-31 15056975 ns10:Director6 2024-11-01 2025-10-31 15056975 ns10:RegisteredOffice 2024-11-01 2025-10-31 15056975 ns5:CurrentFinancialInstruments 2025-10-31 15056975 ns5:CurrentFinancialInstruments 2024-10-31 15056975 ns5:ShareCapital 2025-10-31 15056975 ns5:ShareCapital 2024-10-31 15056975 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 15056975 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 15056975 ns5:ShareCapital 2023-08-08 2024-10-31 15056975 ns5:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 15056975 1 2024-11-01 2025-10-31 15056975 2 2024-11-01 2025-10-31 15056975 ns10:OrdinaryShareClass1 2025-10-31 15056975 ns10:OrdinaryShareClass2 2025-10-31 15056975 ns10:OrdinaryShareClass3 2025-10-31 15056975 ns10:OrdinaryShareClass4 2025-10-31 15056975 ns10:OrdinaryShareClass5 2025-10-31

REGISTERED NUMBER: 15056975 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 31 October 2025 |

| for |

| Engineering Acquisitions Limited |

| Engineering Acquisitions Limited (Registered number: 15056975) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Income Statement | 8 |

| Other Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |

| Engineering Acquisitions Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | N G Roberts

| C Olejnik

| P Lyall

| B B Roberts

| J I Parkinson

| M A Roberts

| REGISTERED OFFICE: | Rodbourne Rail Business Centre

| Grange Lane

| Malmesbury

| Wiltshire

| SN16 0ES

| REGISTERED NUMBER: | 15056975 (England and Wales)

| Engineering Acquisitions Limited (Registered number: 15056975) |

Strategic Report

for the Year Ended 31 October 2025

The directors present their strategic report for the year ended 31 October 2025.

On 8 August 2023 the group set up a holding company in the form of Engineering Acquisitions Ltd. The shares in Megasteel Ltd and Sweetnam and Bradley Ltd were acquired by Engineering Acquisitions Ltd which is 55% owned by the Capital27 Ltd. Engineering Acquisitions the company also acquired a 51% shareholding on incorporation of Megasteel Ropes Ltd.

As a result of the establishment of the company, Engineering Acquisitions Ltd is now an intermediary holding company in the Capital27 Ltd group.

During the year Engineering Acquisitions had no activity within its role as a holding company other than receipt of dividends from subsidiaries.

ON BEHALF OF THE BOARD:

N G Roberts - Director

1 July 2026

| Engineering Acquisitions Limited (Registered number: 15056975) |

Report of the Directors

for the Year Ended 31 October 2025

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

N G Roberts

C Olejnik

P Lyall

B B Roberts

J I Parkinson

Other changes in directors holding office are as follows:

M A Roberts was appointed as a director after 31 October 2025 but prior to the date of this report.

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). 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;

- | 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.

| Engineering Acquisitions Limited (Registered number: 15056975) |

Report of the Directors

for the Year Ended 31 October 2025

AUDITORS

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

ON BEHALF OF THE BOARD:

N G Roberts - Director

1 July 2026

Report of the Independent Auditors to the Members of

Engineering Acquisitions Limited

Opinion

We have audited the financial statements of Engineering Acquisitions Limited (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other 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 101 'Reduced Disclosure Framework' (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 31 October 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

Engineering Acquisitions 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 three, 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:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to health and safety, employment law and company legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements of the Company. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the audit engagement team included:

-Discussions with management, including consideration of known or suspected instances of non-compliance

with laws and regulations and fraud;

-Understanding of management's internal controls designed to prevent and detect irregularities, and fraud;

-Testing transactions entered into outside of the normal course of the Company's business.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 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 by, for example, forgery or intentional misrepresentations, or through 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.

Report of the Independent Auditors to the Members of

Engineering Acquisitions Limited

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.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Statutory Auditors

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

9 July 2026

| Engineering Acquisitions Limited (Registered number: 15056975) |

Income Statement

for the Year Ended 31 October 2025

| Period

| 8.8.23

| Year Ended |  | to

| 31.10.25 |  | 31.10.24

| Notes | £ | £ |

TURNOVER | - |  | - |  |

OPERATING PROFIT | - |  | - |  |

Income from shares in group undertakings | 1,000,000 |  | - |  |

PROFIT BEFORE TAXATION | 4 | 1,000,000 |  | - |  |

Tax on profit | 5 | - |  | - |  |

PROFIT FOR THE FINANCIAL YEAR | 1,000,000 |  | - |  |

| Engineering Acquisitions Limited (Registered number: 15056975) |

Other Comprehensive Income

for the Year Ended 31 October 2025

| Period

| 8.8.23

| Year Ended |  | to

| 31.10.25 |  | 31.10.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,000,000 |  | - |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,000,000 |  | - |  |

| Engineering Acquisitions Limited (Registered number: 15056975) |

Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 6 | 2,601,726 |  | 2,601,726 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,601,626 |  | 2,601,626 |  |

NET CURRENT LIABILITIES | (1,601,626 | ) | (2,601,626 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,000,100 |  | 100 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | 9 | 1,000,000 |  | - |  |

SHAREHOLDERS' FUNDS | 1,000,100 |  | 100 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

N G Roberts - Director

| Engineering Acquisitions Limited (Registered number: 15056975) |

Statement of Changes in Equity

for the Year Ended 31 October 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Changes in equity

Issue of share capital | 100 |  | - |  | 100 |  |

Balance at 31 October 2024 | 100 |  | - |  | 100 |  |

Changes in equity

Total comprehensive income | - |  | 1,000,000 |  | 1,000,000 |  |

Balance at 31 October 2025 | 100 |  | 1,000,000 |  | 1,000,100 |  |

| Engineering Acquisitions Limited (Registered number: 15056975) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Engineering Acquisitions 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 preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of IFRS 7 Financial Instruments: Disclosures;

| • | the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

| • | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

| Financial instruments

| (i) Financial assets

| Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Engineering Acquisitions Limited (Registered number: 15056975) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors, bank loans and overdrafts and loans from fellow group companies, 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 receipts discounted at a market rate of interest.

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

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Taxation

| Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

| Income tax expense represents the sum of the tax currently payable and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

| Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

| Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Engineering Acquisitions Limited (Registered number: 15056975) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of financial assets

| Financial assets, are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

| For all other financial assets, objective evidence of impairment could include:

| - significant financial difficulty of the issuer or counterparty; or

| - breach of contract, such as a default or delinquency in interest or principal payments; or

| - it becoming probable that the borrower will enter bankruptcy or financial re-organisation; or

| - the disappearance of an active market for that financial asset because of financial difficulties.

| For certain categories of financial asset, such as trade receivables, assets that are assessed not to be impaired individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables could include the company's past experience of collecting payments, an increase in the number of delayed payments in the portfolio past the average credit period of 30 days, as well as observable changes in national or local economic conditions that correlate with default on receivables.

| For financial assets carried at amortised cost, the amount of the impairment loss recognised is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

| For financial assets carried at cost, the amount of the impairment loss is measured as the difference between the asset's carrying amount and the present value of the estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment loss will not be reversed in subsequent periods.

| The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of trade receivables, where the carrying amount is reduced through the use of an allowance account. When a trade receivable is considered uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss.

| For financial assets measured at amortised cost, if, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised.

| Engineering Acquisitions Limited (Registered number: 15056975) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Related parties

| For the purposes of these financial statements, a party is considered to be related to the company if:

| (i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the company in making financial and operating policy decisions, or has joint control over the company;

| (ii) the company and the party are subject to common control;

| (iii) the party is an associate of the company or a joint venture in which the company is a venturer;

| (iv) the party is a member of key management personnel of the company or the company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

| (v) the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or

| (vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

| Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

| Fixed asset investments

| Investments in subsidiaries are accounted for at cost less impairment.

3. | EMPLOYEES AND DIRECTORS

| There were no staff costs for the year ended 31 October 2025 nor for the period ended 31 October 2024.

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

| Period

| 8.8.23

| Year Ended |  | to

| 31.10.25 |  | 31.10.24

£ | £ |

| Directors' remuneration | - |  | - |  |

4. | PROFIT BEFORE TAXATION

| The company had no income or expenditure in the current or prior periods apart from income from shares in group undertakings.

5. | TAXATION

| Analysis of tax expense

| No liability to UK corporation tax arose for the year ended 31 October 2025 nor for the period ended 31 October 2024.

| Engineering Acquisitions Limited (Registered number: 15056975) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

6. | INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 2,601,726 |  |

| NET BOOK VALUE

| At 31 October 2025 | 2,601,726 |  |

| At 31 October 2024 | 2,601,726 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 1,601,626 |  | 2,601,626 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 55 | Ordinary | £1 | 55 |  | 55 |  |

| 15 | Ordinary A | £1 | 15 |  | 15 |  |

| 15 | Ordinary B | £1 | 15 |  | 15 |  |

| 5 | Ordinary C | £1 | 5 |  | 5 |  |

| 5 | Ordinary D | £1 | 5 |  | 5 |  |

| 5 | Ordinary E | £1 | 5 |  | 5 |  |

100 |  | 100 |  |

9. | RESERVES

| Retained

| earnings

£ |

| Profit for the year | 1,000,000 |  |

| At 31 October 2025 | 1,000,000 |  |

10. | ULTIMATE CONTROLLING PARTY

| Engineering Acquisitions Limited is a subsidiary of Capital27 Limited, a company incorporated in England and Wales.

| Capital27 Limited is the company's ultimate parent and is the largest and smallest group in which the company is a member and for which group financial statements are prepared. The consolidated financial statements of Capital27 Limited can be obtained from Rodbourne Rail Business Centre, Grange Lane, Malmesbury, Wiltshire, SN16 0ES.