REGISTERED NUMBER: 10111725 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WORLD OPTIONS HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

8

Report of the Independent Auditors

10

Consolidated Income Statement

14

Consolidated Other Comprehensive Income

15

Consolidated Statement of Financial Position

16

Company Statement of Financial Position

17

Consolidated Statement of Changes in Equity

18

Company Statement of Changes in Equity

19

Consolidated Statement of Cash Flows

20

Notes to the Consolidated Statement of Cash Flows

21

Notes to the Consolidated Financial Statements

22

DIRECTORS:

S M Butler

J A Edwards

S Spaccia

R Farris

Mrs V Mennella

REGISTERED OFFICE:

3a Tournament Court

Tournament Fields

Warwick

Warwickshire

CV34 6LG

REGISTERED NUMBER:

10111725 (England and Wales)

SENIOR STATUTORY AUDITOR:

Richard John Barnes FCCA

AUDITORS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

World Options Holdings Limited and Group subsidiary companies are a premier provider of bespoke courier and freight management solutions, which are predominantly supplied to commercial entities.

REVIEW OF BUSINESS

The directors are pleased to report that the results of World Options Holdings Limited (Group) continue to show a strong level of trading in the current year. Revenue growth has exceeded expectations and costs have continued to be monitored to ensure maximum profits are achieved. The overall performance of the Group has been strong post year end and the directors expect further growth over the coming years. The balance sheet demonstrates a robust net assets position which ensures cash flow is strong and the Group is able to meet its obligations on a day to day basis.

FUTURE DEVELOPMENTS

The main trading company of the Group, World Options Limited, continues to develop and nurture strong relationships with key customers by providing a reliable and quality service. The Group continues to invest heavily in both its bespoke offering and customer relationships to ensure it retains its strong position in the current global market and continues to secure new contracts and build on its reputation.

KEY PERFORMANCE INDICATORS

The directors monitor the progress of World Options Holdings Limited's (Group) strategy and individual elements by reference to the following key performance indicators:

Financial - key performance indicators

31 December 2025

31 December 2024

Turnover

£59.3m

£49.4m

Gross profit

£15.8m

£12.2m

Gross profit (percentage)

26.65%

24.75%

Earnings before interest, tax, depreciation, amortisation and impairment of non-financial assets (EBITDA)

£8.4m

£4.8m

Investment in development of core software and systems

£1.0m

£2.0m

Cash flow movement

£1.47m

£0.11m

Non-financial key performance indicators

Average number of employees

105

86

During the year ended 31 December 2025 the Group saw growth in business activity, with turnover generated increasing by 20.04% from £49.4m in 2024, to £59.3m in 2025.

The Group remains focused on minimising overheads and costs that are directly attributable to sales.

Direct costs relating to sales generated amounted to £43.5m in 2025, (2024: £37.2m), which translates into a gross profit percentage of 26.65% in 2025, compared to 24.75% in 2024. The improved profit margin has been achieved as a result of greater use of economies of scale.

As a result of acquiring 3 more entities in 2025 and the investment in more people, wages and salary costs increased by £0.65m to £4.53m in 2025, compared to £3.88m in 2024.

Other Expenditure remains relatively consistent year on year with the only notable increase being from the new acquired as a result of not being part of the group in 2024.

World Options Holdings Limited Group has continued to invest in computer software and portal development, during the year ended 31 December 2025 with such expenditure amounting to £1.00m, during the year.

Intangible fixed assets as at 31 December 2025 attained a carrying net book value of £10.7m compared to £11.2m for the year ended 31 December 2024. Despite the increase in investment in 2025, the amortisation in the year outweighs the additions resulting in the drop of £0.5m.

Current assets amounted to £14.72m as at 31 December 2025, compared to a value of £7.97m as at 31 December 2024. Current assets significantly increased in the year of 2025, the main movement being on an increase in trade debtors from £6.89m in 2024 to £12.16m in 2025 and an increase in the cash balances from £1.06m to £2.53m.

Current liabilities amounted to £17.1m as at 31 December 2025, compared to £12.7m at 31 December 2024, with the main movement being the increase in trade creditors as a result of the increase in turnover. The most significant movements in current liabilities were in Trade creditors increasing from £4.56m to £8.28m and Taxes payable increased from £0.56m to £1.76m.

Shareholders funds as at 31 December 2025 amounted to £6.05m, compared to £5.43m as at 31 December 2024 showing growth in the year of £0.62m.

PRINCIPLE RISKS AND UNCERTAINTIES

Financial risk management

The nature of World Options Holdings Limited's (Group) operations expose it to a variety of financial risks that include the effects of credit risk, liquidity risk and interest rate cash flow risk, through fluctuation in interest rates. The Group has in place, a risk management programme that seeks to limit the adverse effects on the financial performance of the Group. Due to the nature of the trading companies within the Group, the Group remains exposed to foreign exchange risk, however, this risk is deemed to be manageable as any foreign exchange gains and losses are recognised immediately by the company, hence the directors always have a good working knowledge of the level of risk to the Group.

Credit risk

World Options Holdings Limited (Group) has implemented policies that require appropriate credit checks to be completed on potential customers before sales are made. Customers are subject to considered and appropriate credit limits and strong credit control procedures are in place.

Liquidity risk

World Options Holdings Limited (Group) continues to ensure it has sufficient funds in place to meets its day to day operations. The Group attains cash reserves of £2.53m as at 31 December 2025 which the directors feel is sufficient to satisfy current liabilities as and when they fall due. Strong credit control procedures remain in place to ensure that trade debtors are converted into bank receipts on a timely basis. For additional assurance and to ensure effective cashflow, invoice factoring is used by the trading company.

SECTION 172(1) STATEMENT

Our section 172 statement summaries how the Board has factored stakeholder considerations into our decision making.

Section 172 of the Companies Act 2006 (the Act) imposes a duty on a director to act in a way that he or she considers, in good faith, would be most likely to promote the long term success of the company, for the benefit of its members as a whole. In doing so, the directors have regard for the various matters including the interests of stakeholders, as well as various other matters. The Companies (Miscellaneous Reporting) Regulations 2018 require companies to report on how the Board has fulfilled the requirements of Section 172(1), including how the Board has factored stakeholder considerations into its decision making.

The Board is fully aware of and supports these requirements. We are pleased to describe below how the Group Board engages with our stakeholders.

The Group's key stakeholders have an important role to play in the successful operation of our business. Our Board are fully aware of and take seriously, their responsibilities to those stakeholders under the Act.

We believe that it is appropriate to consider the potential impact on our stakeholders , when considering the Group's strategy and in making our key decisions. Indeed, these responsibilities are rooted in our culture, values and company purpose.

The Board considers that, in its decisions and actions to date, it has acted in a way that would promote the success of the Group for the benefit of its members as a whole, whilst having regard to the stakeholders and matters set out in Section 172(1) (a-f) of the Act. The Board has identified the Group's key stakeholders as our employees, customers, suppliers, franchises, the environment and communities in which we operate and investors and shareholders. It receives updates on each of these and takes steps to ensure that it remains well informed about them.

The Group directors believe in conducting their business activities in the most ethical way, with all of its decisions underpinned by the impact they have on our seven main stakeholder groups. We set out below two areas where our Board had regard to Section 172 when discharging its duties and the effect of this on the methodology of its decisions:

Remuneration policy

Our customers represent one of our key stakeholder groups and we have therefore prioritised them in our executive director incentive measurements. In implementing the remuneration policy, we further consider the perceptions of our customers by setting our executive compensation at an appropriate level, as it is our customers who ultimately pay for the directors remuneration.

Corporate responsibility

Our employees are passionate about the societal, economic and environmental impact of the Group. Our employees have taken the initiative of developing their vision of what the Group's Corporate Responsibility is, for which this is continually evolving. The vision summarises that our belief is that our business has a positive impact on the world, offering a path of sustainability, carbon neutrality, equality and education, which directly affects all of our stakeholders. The Board will ensure that the vision of our employees, with regard to how the Group should conduct itself are considered when implementing Corporate Responsibility policies.

The detailed content in these Financial Statements further outlines how during 2024 the Board of Directors strove to comply with their duty under Section 172 in considering stakeholders in the Group's decision making process, in order to promote the Group's success. We will continue to consider our stakeholders in the year ahead as the Board of Directors makes further decisions in overseeing the Group's strategy. The following narrative summarises our approach.

Longterm decision making

The Board of Directors has put into place a structured governance model, with scheduled Board meetings and clear documentation and authority levels, to control its decision making process. Our governance model supports the Group in ensuring that decisions are considered, documented and reported upon and are in alignment with our strategic plans. Detailed budgets and forecasts are prepared to enable the Board of Directors to track the performance and ensure that it is expected, or that mitigation steps are taken to deliver performance in line with, or close to, expectations. The Board and individual Directors operate within this structure, with the aim of promoting the long success of the company and delivering longterm shareholder value. Business proposals are documented in line with, and performance levels tracked.

High standards of business conduct

We have a Code of Conduct setting out the behaviours and values expected of all of our colleagues, which we communicate to all colleagues and third parties. We have processes to update our Board and management on the operation of our code. The Board requires all of our people to work to the highest standards of business conduct. Our focus is to do what is right in advance of what is easy. This is supported through ongoing communication and awareness of and training in, acceptable company conduct. Any reports of inappropriate behaviour are independently investigated and action taken where necessary.

We set out below how the Board has engaged with and been influenced by, the interests of our different stakeholders.

Employee engagement

We consider that our employees act with the utmost integrity and professional expertise in providing our customers with bespoke courier and freight management solutions. In doing so, the Board considers that its employees are both rewarded fairly and incentivised to deliver the Group strategy.

How we engage with our employees

The Board is kept informed on employee related matters at every Board meeting, at which it receives a standing agenda update. Employee appraisals are undertaken regularly to monitor issues arising, which form the basis of action plans. Consultation with employees happens when their views need to be considered in decisions the Group needs to make, that will likely affect their interests. All employees are kept upto date with Group performance through regular communication.

Customer engagement

Our customer base continues to evolve and expand within our courier solutions offering. As we are entering into the emerging market of freight shipments and drop shipping, additional customers are being sought.

At each Board meeting, as part of a standing agenda item a report is received from the Managing Director, on any feedback received from customers from our interactions with them. We take this information into account so that we are able to be confident that we have identified the appropriate customer needs that require addressing. From a risk management perspective, before entering into business with a new customer full background checks are undertaken, which includes a review for potential financial risks.

Supplier engagement

We have built good relationships with our suppliers. Our suppliers are evaluated in accordance with our guidelines on the environment, work environment, human rights, business ethics and quality. Other third parties that are of great importance to the Group include our Professional Advisers, bankers and regulators.

The Board is kept fully informed about the Group's interactions with key third party relationships, with the Group, be they suppliers, or other key providers of services or regulatory support. The Board places utmost importance on the integrity of the supplier agreements with a focus on the robustness of the supply of goods and services. All third party suppliers are regularly reviewed so that there are no matters that could potentially harm our reputation or be financially damaging to us.

Franchise engagement

A substantial part of the World Options, Pack and Send and Mail Boxes Etc Group of companies is delivered via franchises, that are independently owned by third parties. These entities therefore form a crucial part of the Group's business activities

We are a member of the British Franchise Association, who regulate our franchise operations. We encourage communication both from the Group to franchise owners and vice versa and review all comments at a senior management and Board level, providing assistance and support to the franchise network. Such comments are reviewed and changes to any Group operations are discussed and considered before implementation. Franchise communication and the number of new and lost franchises are tabled at the Board meetings as an agenda point.

The Group undertakes regular franchise training events and award presentations, to ensure that franchise owners understand the Group ethos in relation to Corporate Responsibility and are empowered and incentivised.

Our community and the environment

Our underlying business ethos is to do what is ethical in advance of what is easy. This is especially so when it comes to local communities in which we operate and the impact that we have on the environment in which we all live. We actively encourage all of our employees to give back to the community, in whichever way they feel most comfortable. This ranges from the ability to give donations to chosen charities, via payroll deductions, fundraising through their own endeavours or volunteering in the community.

Our Board and our senior management are conscious of the effect that our operations and those who provide us with goods and services have on the environment and seek to minimise our impact. We are reviewing, on an ongoing basis, the impact of changing the settings on our air conditioning systems to ensure that there is a balance between reducing energy costs and environmental impact in comparison to ensuring that at the same time we are providing optimal working conditions.

Investors

World Options Holdings Limited Group has an investing shareholder and our investors are critical to us. They provide us with additional capital that enables grow and invest for the future. However our investors are not interested in growth at all costs. They take interest in our business plan, our strategy, our governance, our approach to remuneration of the Board and other members of the senior management team. Increasingly, they are becoming more interested in how we conduct ourselves via our Corporate Responsibilities.

How we engage and what we do with that information

During the year the Board of Directors and senior management engage with shareholders on a regular basis following the production of the monthly management financial reporting schedules. From these engagement activities, the Board has a detailed understanding of the needs of our investors. The Board is aware that it has a duty to treat all shareholders fairly and that it must ensure that all decisions made take the longterm interests of all shareholders into account.

ON BEHALF OF THE BOARD:

S Spaccia - Director

23 June 2026

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the provision of bespoke courier solutions.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £ 1,500,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

S M Butler

J A Edwards

S Spaccia

Other changes in directors holding office are as follows:

P Cominone - resigned 10 July 2025

G Rudi - resigned 20 October 2025

R Farris - appointed 10 July 2025

Mrs V Mennella - appointed 20 October 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

S Spaccia - Director

23 June 2026

Opinion

We have audited the financial statements of World Options Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 eight, 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 group's and the parent 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 group or the parent 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:

As Auditors of the above named entity, we have undertaken audit testing, discussions and examination of the company, that are capable of detecting irregularities, including fraud are detailed below:

i) We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined the Companies Act 2006 to be the most significant laws and regulations to the entity. We enquired of management whether there were any instances of non-compliance with laws and regulations or whether they had any knowledge of actual or suspected fraud. We discussed and compared the result of our enquiries to supporting documentation. From the procedures performed we did not identify any matters relating to non-compliance with laws and regulation or matters in relation to fraud.

ii) We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

Evaluation of the processes and controls established to address the risks related to irregularities and fraud;

Testing manual journal entries, in particular journal entries relating to accounting estimates and entries that were deemed material and those that related to unusual transactions;

Identifying and testing related party transactions.

iii) The assessment of the appropriateness of the competence and capabilities of the engagement team included consideration of the engagement team's knowledge of the industry in which the client operates in and understanding of, together with the practical experience through training and participation with audit engagements of a similar nature.

iv) When assessing the potential risks of material misstatement to the financial statements, we obtained an understanding of:

The Company's operations, including the nature of its revenue sources, expected financial statement disclosures and business risks, that may result in a risk of material misstatement;

We undertake and document an analytical review at the planning and completion stage of our audit, to ensure that all material items have been identified and can be explained.

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.

Richard John Barnes FCCA (Senior Statutory Auditor)

for and on behalf of Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

23 June 2026

TURNOVER

59,311,249

49,421,919

Cost of sales

43,503,898

37,190,736

GROSS PROFIT

15,807,351

12,231,183

Administrative expenses

11,904,638

10,228,196

3,902,713

2,002,987

Other operating income

487,173

-

OPERATING PROFIT

5

4,389,886

2,002,987

Interest receivable and similar income

11,528

14,617

4,401,414

2,017,604

Interest payable and similar expenses

6

496,487

441,561

PROFIT BEFORE TAXATION

3,904,927

1,576,043

Tax on profit

7

1,505,878

551,990

PROFIT FOR THE FINANCIAL YEAR

2,399,049

1,024,053

Profit attributable to:

Owners of the parent

2,204,668

1,024,053

Non-controlling interests

194,381

-

2,399,049

1,024,053

PROFIT FOR THE YEAR

2,399,049

1,024,053

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,399,049

1,024,053

Total comprehensive income attributable to:

Owners of the parent

1,533,922

1,024,053

Non-controlling interests

865,127

-

2,399,049

1,024,053

FIXED ASSETS

Intangible assets

10

10,719,866

11,207,716

Tangible assets

11

302,175

180,850

Investments

12

-

-

11,022,041

11,388,566

CURRENT ASSETS

Stocks

13

32,085

21,795

Debtors

14

12,156,931

6,887,071

Cash at bank and in hand

2,529,046

1,060,789

14,718,062

7,969,655

CREDITORS

Amounts falling due within one year

15

17,098,086

12,743,077

NET CURRENT LIABILITIES

(2,380,024

)

(4,773,422

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,642,017

6,615,144

CREDITORS

Amounts falling due after more than one year

16

1,636,910

1,179,832

NET ASSETS

7,005,107

5,435,312

CAPITAL AND RESERVES

Called up share capital

21

1,580

1,580

Capital redemption reserve

22

48

48

Retained earnings

22

6,138,352

5,433,684

SHAREHOLDERS' FUNDS

6,139,980

5,435,312

NON-CONTROLLING INTERESTS

23

865,127

-

TOTAL EQUITY

7,005,107

5,435,312

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

S Spaccia - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

6,226,802

7,926,802

6,226,802

7,926,802

CURRENT ASSETS

Debtors

14

238,395

507,296

Cash at bank

-

10,353

238,395

517,649

CREDITORS

Amounts falling due within one year

15

3,998,069

4,924,977

NET CURRENT LIABILITIES

(3,759,674

)

(4,407,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,467,128

3,519,474

CREDITORS

Amounts falling due after more than one year

16

179,767

1,060,293

NET ASSETS

2,287,361

2,459,181

CAPITAL AND RESERVES

Called up share capital

21

1,580

1,580

Capital redemption reserve

22

48

48

Retained earnings

22

2,285,733

2,457,553

SHAREHOLDERS' FUNDS

2,287,361

2,459,181

Company's profit for the financial year

1,328,180

1,292,211

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

S Spaccia - Director

Called up

Capital

share

Retained

redemption

capital

earnings

reserve

£

£

£

Balance at 1 January 2024

1,580

4,419,631

48

Changes in equity

Dividends

-

(10,000

)

-

Total comprehensive income

-

1,024,053

-

Balance at 31 December 2024

1,580

5,433,684

48

Changes in equity

Dividends

-

(1,500,000

)

-

Total comprehensive income

-

2,204,668

-

Balance at 31 December 2025

1,580

6,138,352

48

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 January 2024

4,421,259

-

4,421,259

Changes in equity

Dividends

(10,000

)

-

(10,000

)

Total comprehensive income

1,024,053

-

1,024,053

Balance at 31 December 2024

5,435,312

-

5,435,312

Changes in equity

Dividends

(1,500,000

)

-

(1,500,000

)

Total comprehensive income

2,204,668

865,127

3,069,795

Balance at 31 December 2025

6,139,980

865,127

7,005,107

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

1,580

1,165,342

48

1,166,970

Changes in equity

Total comprehensive income

-

1,292,211

-

1,292,211

Balance at 31 December 2024

1,580

2,457,553

48

2,459,181

Changes in equity

Dividends

-

(1,500,000

)

-

(1,500,000

)

Total comprehensive income

-

1,328,180

-

1,328,180

Balance at 31 December 2025

1,580

2,285,733

48

2,287,361