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Registered number: 02204204 CLARK CLAY INDUSTRIES LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
CLARK CLAY INDUSTRIES LIMITED REGISTERED NUMBER: 02204204 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 215,831 |  | 1,326,571
|  |  | 215,831 |  | 1,326,571
Current assets |  |  |  |  |
Stocks | 6 | 145,761 |  | 526,214 |
Debtors: amounts falling due within one year | 7 | 3,719,493 |  | 4,079,792 |
Bank and cash balances |  | 19,873 |  | 6,558 |
|  | 3,885,127 |  | 4,612,564 |
Creditors: amounts falling due within one year | 8 | (2,830,289) |  | (3,234,497) |
Net current assets |  |  | 1,054,838 |  | 1,378,067
Total assets less current liabilities |  |  | 1,270,669 |  | 2,704,638
Creditors: amounts falling due after more than one year | 9 |  | - |  | (384,638)
Net assets |  |  | 1,270,669 |  | 2,320,000
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 100,000 |  | 100,000
Share premium account | 12 |  | 69,103 |  | 69,103
Capital redemption reserve | 12 |  | 300,000 |  | 300,000
Profit and loss account | 12 |  | 801,566 |  | 1,850,897
|  |  | 1,270,669 |  | 2,320,000
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 July 2026. Page 1
CLARK CLAY INDUSTRIES LIMITED REGISTERED NUMBER: 02204204 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025
G Thompson-Jones
Director
The notes on pages 4 to 12 form part of these financial statements. Page 2
CLARK CLAY INDUSTRIES LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Share capital | Share premium account | Capital redemption reserve | Profit and loss reserves | Total equity
| £ | £ | £ | £ | £
At 1 January 2025 | 100,000 | 69,103 | 300,000 | 1,850,897 | 2,320,000
Loss for the year | - | - | - | (1,049,331) | (1,049,331)
At 31 December 2025 | 100,000 | 69,103 | 300,000 | 801,566 | 1,270,669
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Share capital | Share premium account | Capital redemption reserve | Profit and loss reserves | Total equity
| £ | £ | £ | £ | £
At 1 January 2024 | 100,000 | 69,103 | 300,000 | 2,948,421 | 3,417,524
Loss for the year | - | - | - | (1,097,524) | (1,097,524)
At 31 December 2024 | 100,000 | 69,103 | 300,000 | 1,850,897 | 2,320,000
| The notes on pages 4 to 12 form part of these financial statements.
Page 3
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Clark Clay Industries Limited is a private company limited by shares incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the company information page and the nature of the company's operations and its principal activities are set out in the directors' report. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have considered the company's cash flow forecasts and the continued financial support available from its parent undertaking and fellow group companies. Having reviewed these forecasts and available facilities, the directors are satisfied that the company will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 4
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | Leased assets: the Company as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 5
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Pensions
Defined contribution pension plan The Company operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Leasehold land and buildings | - | 2% | on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 6
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
| 2.16 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 7
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical Judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Leases Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Impairment Determine whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset. Key sources of estimation uncertainty The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows. Tangible fixed assets Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future conditions, the remaining life of the asset and projected disposal values. The depreciation charge in the year amounted to £77,777 (2024 - £188,763). Debtors In assessing the provision for doubtful debts, factors taken into account include debtors' age profile, their historical payment performance and available credit data. The bad debt provision at the balance sheet date amounted to £18,408 (2024 - £135,434).
4. | Employees
| The average monthly number of employees, including directors, during the year was 16 (2024 - 20).
Page 8
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 378,093 | 2,603,219 | 494,147 | 3,475,459
| Disposals | (132,135) | (2,603,219) | (494,147) | (3,229,501)
| At 31 December 2025 | 245,958 | - | - | 245,958
| Depreciation |  |  |  |
| At 1 January 2025 | 61,810 | 1,598,059 | 489,019 | 2,148,888
| Charge for the year on owned assets | 6,381 | 66,268 | 5,128 | 77,777
| Disposals | (38,064) | (1,664,327) | (494,147) | (2,196,538)
| At 31 December 2025 | 30,127 | - | - | 30,127
| Net book value |  |  |  |
| At 31 December 2025 | 215,831 | - | - | 215,831
| At 31 December 2024 | 316,283 | 1,005,160 | 5,128 | 1,326,571
Page 9
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | - | 363,245
| Finished goods and goods for resale | 145,761 | 162,969
|  | 145,761 | 526,214
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 272,360 | 735,099
| Amounts owed by group undertakings | 3,240,697 | 3,162,422
| Other debtors | 183,783 | 165,368
| Prepayments and accrued income | 22,653 | 16,903
|  | 3,719,493 | 4,079,792
| The amounts owed by group undertakings are due on demand and 2% interest is charged.
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 147,973
| Trade creditors | 34,264 | 379,485
| Amounts owed to group undertakings | 2,734,775 | 2,176,580
| Other taxation and social security | - | 60,318
| Obligations under finance lease and hire purchase contracts | - | 62,772
| Invoice financing | - | 339,389
| Accruals and deferred income | 61,250 | 67,980
|  | 2,830,289 | 3,234,497
Page 10
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | - | 110,979
| Net obligations under finance leases and hire purchase contracts | - | 273,659
|  | - | 384,638
| Borrowings are subject to the following securities in place: - Debenture comprising fixed and floating charges over all the assets and undertakings of Clark Clay Industries Limited and RAM (102) Limited including all present and future leasehold property, book and other debts, chattels and goodwill and uncalled capital, both present and future. The first legal mortgage is included above for the Clark Clay Industries Limited leasehold portfolio. Unlimited Composite Company Guarantee have been given by Clark Clay Industries Limited and RAM (102) Limited to secure all liabilities of each other.
10. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | - | 62,772
| Between 1-5 years | - | 273,657
|  | - | 336,429
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100,000 (2024 - 100,000) Ordinary shares of £1 each | 100,000 | 100,000
12. | Reserves
Profit and loss account The profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments. Page 11
CLARK CLAY INDUSTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 666 | 17,410
| Later than 1 year and not later than 5 years | - | 8,613
|  | 666 | 26,023
14. | Related party transactions
| The Company has taken advantage of the exemption in section 33 of Financial Reporting Standard 102 from disclosing transactions with wholly owned members of the Group.
15. | Ultimate parent company and controlling party
The ultimate parent company and controlling party of the company is RAM (102) Limited with registered office of Unit 1 Hooton Road, Hooton, Ellesmere Port, CH66 7PA. The largest and smallest group to which the company's results are consolidated are that of RAM (102) Limited and the financial statements can be obtained from Companies House.
16. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 8 July 2026 by Fran Johnson BSc BFP FCA (Senior statutory auditor) on behalf of WR Partners.
Page 12