ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging/(crediting):

Registered number: 01127239

TECHAID FACILITIES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

TECHAID FACILITIES LIMITED

COMPANY INFORMATION

Directors	M.J.F. Gardener
	R.F. Gardener
	P.C. Fry


Registered number	01127239


Registered office	Loudwater House
	London Road, Loudwater
	High Wycombe
	Buckinghamshire
	HP10 9TL


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditors
	3 Brook Business Centre
	Cowley Mill Road
	Uxbridge
	Middlesex
	UB8 2FX

TECHAID FACILITIES LIMITED

CONTENTS

	Page
Strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 9
Statement of comprehensive income	10 - 11
Statement of financial position	11 - 12
Statement of changes in equity	13 - 14
Notes to the financial statements	15 - 34

TECHAID FACILITIES LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

Introduction

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

Business review

The company specialises in the letting of commercial and residential properties and also runs a hotel on the Isle of Wight.
The company turnover for the year ended 30 November 2025 has decreased by 4% (2024 - increased by 5%) compared to the previous year.
In particular income from rental properties and serviced offices has decreased by 5% (2024 - increased by 8%) this year due to an decrease in occupancy of rental properties as compared to prior year.
Hotel income has decreased by 3% (2024 - increased by 2%) compared to last year, which is a result of an decrease in occupancy in 2025.

Principal risks and uncertainties

Cashflow risk
The directors believe the principal risk facing the company is cash flow risk. The directors continually monitor the cash requirements of the company and in particular the availability of funds to make loan repayments when they fall due.
Interest rate risk
The company has interest-bearing liabilities in the form of bank borrowings. The company has put in place an interest rate swap to fix the interest rate on its bank borrowings and hedge against any rises in the London Interbank Offer Rate (SONIA).
Credit risk
The company has policies in place to ensure that rental contracts are only agreed with tenants that have an appropriate credit history. In addition, receivable balances are monitored on an ongoing basis with the result that the company's exposure to bad debts is not significant.
Liquidity risk
Liquidity risk is the risk that the company will not be able to meet its financial obligations as they fall due. The company’s approach to managing liquidity is to ensure that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions.

Financial key performance indicators

The directors have monitored the progress of the company strategy by reference to certain financial key performance indicators.
The company's turnover was £2,847,590 (2024 - £2,962,248).
The company's gross profit margin was 53.5% (2024 - 57.4%).
The company had net assets of £16,712,970 (2024 - £16,537,758).

Page 1

TECHAID FACILITIES LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2025

This report was approved by the board on 14 July 2026 and signed on its behalf.

M.J.F. Gardener

Director

Page 2

TECHAID FACILITIES LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to 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.
Going concern assumption
The Directors note that the Company is trading adequately and, together with the successful refinancing completed subsequent to the year-end, has sufficient working capital and committed financing available to continue trading for a period of not less than 12 months from the date of approval of these financial statements.
The refinancing involved the repayment of all existing loan facilities and derivative arrangements and the establishment of a new £12.6 million five-year interest-only loan facility.
As such, the Directors believe that there are no material uncertainties in their assessment of whether the Company is a going concern and have therefore prepared the financial statements on a going concern basis.

Results and dividend

The profit for the year, after taxation, amounted to £313,470 (2024 - £975,351).

The dividends declared for the year totalled £50,000 (2024 - £50,000).

Page 3

TECHAID FACILITIES LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2025

Directors

The directors who served during the year were:

M.J.F. Gardener

R.F. Gardener

P.C. Fry

Matters covered in the strategic report
The company has chosen in accordance with section 414C of the Companies Act 2006, to set out the following information which would otherwise be required to be continued in Directors' report within the strategic report: likely financial risk management objectives and policies and business review.
Future developments
The company intends to maintain their strong asset base whilst generating sufficient funds to meet loan repayments when they fall due.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

Subsequent to the year end, the Company completed a refinancing of its external borrowings. All existing loan facilities and the interest rate swap arrangement in place at the year-end were fully repaid or bought out.
The Company has entered into a new £12.6 million facility, comprising a five-year interest-only term loan.

Auditors

The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 14 July 2026 and signed on its behalf.

M.J.F. Gardener

Director

Page 4

TECHAID FACILITIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TECHAID FACILITIES LIMITED

Opinion

We have audited the financial statements of Techaid Facilities Limited (the 'Company') for the year ended 30 November 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 30 November 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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

The refinancing involved the repayment of all existing loan facilities and derivative arrangements and the establishment of a new £12.6 million five-year interest-only loan facility.

As such, the Directors believe that there are no material uncertainties in their assessment of whether the Company is a going concern and have therefore prepared the financial statements on a going concern basis.

Page 5

TECHAID FACILITIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TECHAID FACILITIES LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report 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 Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which 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.

Page 6

TECHAID FACILITIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TECHAID FACILITIES LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 3, 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 is 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 an Auditors' report 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 company financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

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

∙We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;

∙The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows:

°Companies Act 2006.

°FRS102.

°Employment legislation

°Tax legislation

∙We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence; and

∙Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of non-compliance throughout the audit.

Page 7

TECHAID FACILITIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TECHAID FACILITIES LIMITED (CONTINUED)

We assessed the susceptibility of the Company and the parent's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

∙Making enquiries of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud;

∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

∙Reviewing the financial statements and testing the disclosures against supporting documentation;

∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;

∙Inspecting and testing journal entries to identify unusual or unexpected transactions;

∙Assessing whether judgement and assumptions made in determining significant accounting estimates were indicative of management bias; and

∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

The areas that we identified as being susceptible to misstatement through fraud were:

∙Management bias in the estimates and judgements made;

∙Management override of controls; and

∙Posting of unusual journals or transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' report.

Page 8

TECHAID FACILITIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TECHAID FACILITIES LIMITED (CONTINUED)

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 an Auditors' report 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.

Simon Carr (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants & Statutory Auditors

3 Brook Business Centre

Cowley Mill Road

Uxbridge

Middlesex

UB8 2FX

15 July 2026

Page 9

TECHAID FACILITIES LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 NOVEMBER 2025

	2025	2024
Note	£	£


Turnover	4	2,847,590	2,962,248
Cost of sales		(1,322,798)	(1,263,275)
Gross profit		1,524,792	1,698,973
Administrative expenses		(1,174,966)	(1,229,609)
Fair value movements on investment properties		246,151	760,393
Operating profit	5	595,977	1,229,757
Interest receivable and similar income	9	614,011	640,530
Interest payable and similar expenses	10	(746,803)	(532,657)
Profit before tax		463,185	1,337,630
Tax on profit	11	(149,715)	(362,279)
Profit for the financial year		313,470	975,351

Other comprehensive income for the year
Fair value loss on interest rate swaps	(37,921)	(38,679)
Revaluation of fixed assets	(50,337)	(236,630)
Other comprehensive income for the year	(88,258)	(275,309)
Total comprehensive income for the year	225,212	700,042

The notes on pages 15 to 34 form part of these financial statements.

Page 10

TECHAID FACILITIES LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	14		1,809,034		1,816,776
Investments	15		100		100
Investment property	16		20,330,099		20,075,849
			22,139,233		21,892,725
Current assets
Stocks	17	23,257		26,114
Debtors: amounts falling due within one year	18	6,510,007		6,139,183
Cash at bank and in hand	19	1,916,598		2,889,872
		8,449,862		9,055,169
Creditors: amounts falling due within one year	20	(1,730,344)		(1,735,170)
Net current assets			6,719,518		7,319,999
Total assets less current liabilities			28,858,751		29,212,724
Creditors: amounts falling due after more than one year	21		(10,957,680)		(11,586,566)
Provisions for liabilities
Deferred tax	23		(1,188,101)		(1,088,400)
Net assets			16,712,970		16,537,758

Capital and reserves
Called up share capital	24	10,100	10,100
Revaluation reserve	25	(593,630)	(543,293)
Other reserves	25	(559,692)	(521,771)
Profit and loss account	25	17,856,192	17,592,722
		16,712,970	16,537,758

Page 11

TECHAID FACILITIES LIMITED

REGISTERED NUMBER: 01127239

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 NOVEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2026.

M.J.F. Gardener

Director

The notes on pages 15 to 34 form part of these financial statements.

Page 12

TECHAID FACILITIES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2025

	Called up share capital	Revaluation reserve	Fair value reserves	Profit and loss account	Total equity
	£	£	£	£	£
At 1 December 2024	10,100	(543,293)	(521,771)	17,592,722	16,537,758
Comprehensive income for the year
Profit for the year	-	-	-	313,470	313,470
Fair value movement on interest rate swaps	-	-	(37,921)	-	(37,921)
Freehold property revaluation	-	(50,337)	-	-	(50,337)
Total comprehensive income for the year	-	(50,337)	(37,921)	313,470	225,212
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(50,000)	(50,000)
At 30 November 2025	10,100	(593,630)	(559,692)	17,856,192	16,712,970

The notes on pages 15 to 34 form part of these financial statements.

Page 13

TECHAID FACILITIES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2024

	Called up share capital	Revaluation reserve	Fair value reserves	Profit and loss account	Total equity
	£	£	£	£	£
At 1 December 2023	10,100	(197,526)	(483,092)	16,558,234	15,887,716
Comprehensive income for the year
Profit for the year	-	-	-	975,351	975,351
Revaluation movement on freehold property moved to investment property	-	(109,705)	-	109,705	-
Fair value movement on interest rate swaps	-	-	(38,679)	-	(38,679)
Freehold property revaluation	-	(236,630)	-	-	(236,630)
Deferred tax on freehold property revaluation	-	568	-	(568)	-
Total comprehensive income for the year	-	(345,767)	(38,679)	1,084,488	700,042
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(50,000)	(50,000)
At 30 November 2024	10,100	(543,293)	(521,771)	17,592,722	16,537,758

The notes on pages 15 to 34 form part of these financial statements.

Page 14

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1.	General information

Techaid Facilities Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Loudwater House, London Road, Loudwater, High Wycombe, Buckinghamshire, HP10 9TL.
The company specialises in the letting of commercial and residential properties and also runs a hotel on the Isle of Wight.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

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

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7;

∙intermediate parent company and taking exemption from consol.

This information is included in the consolidated financial statements of MJFG Holding Limited as at 30 November 2025 and these financial statements may be obtained from Companies House.

2.3

Going concern

The Directors note that the Company is trading adequately and, together with the successful refinancing completed subsequent to the year-end, has sufficient working capital and committed financing available to continue trading for a period of not less than 12 months from the date of approval of these financial statements.
The refinancing involved the repayment of all existing loan facilities and derivative arrangements and the establishment of a new £12.6 million five-year interest-only loan facility.
As such, the Directors believe that there are no material uncertainties in their assessment of whether the Company is a going concern and have therefore prepared the financial statements on a going concern basis.

Page 15

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

2.7

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Page 16

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.8

Pensions

Defined contribution pension plan

The Company operates 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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 reporting 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 reporting 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 reporting date.

2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 17

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.11

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.

Depreciation is provided on the following basis:

Plant and machinery	-	15% on cost
Motor vehicles	-	25% on reducing balance
Fixtures and fittings	-	15% or 20% on reducing balance or over 3 years

No depreciation charge is made against the freehold property as it is considered that the residual value of these is at least as great as the carrying value and not materially different to 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 the Statement of comprehensive income.

2.12

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the Statement of comprehensive income.

2.13

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 18

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.15

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

2.16

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.

2.17

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.

2.18

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.

2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to the Statement of comprehensive income.

Page 19

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.20

Financial instruments

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at each reporting date for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Group would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in the Statement of comprehensive income under Other comprehensive income. The company applies hedge accounting for interest rate and foreign exchange derivatives.

Page 20

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.21

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of comprehensive income on a straight-line basis over the lease term.

2.22

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing these financial statements, the directors have had to make the following judgments in applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements:
1. Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future performance of the asset.
Other key sources of estimation uncertainty:
1. 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. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
2. The directors have also made key assumptions in the determination of the fair value of the investment properties and freehold property within tangible fixed assets, in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of the assets.
3. The directors consider that the accounting for the interest rate swap is a key accounting policy, and the value is obtained from the other party to the contract.

Page 21

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

4.	Turnover
		2025	2024
		£	£


Rent receivable	1,210,056	1,186,647
Fees receivable	24,900	23,255
Management fees receivable	72,451	170,128
Income from serviced offices	108,084	104,823
Seaview Hotel income	1,432,099	1,477,395
	2,847,590	2,962,248

All turnover arose within the United Kingdom.

Depreciation of tangible fixed assets	43,966	41,735
Revaluation loss on investment properties	246,151	760,393
Loss on sale of tangible assets	2,922	10,378
Loss/(profit) on sale of investment properties	42,960	(135,000)

Fees payable to the Company's auditors for the audit of the Company's financial statements

14,900

14,400

Page 22

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Wages and salaries	1,028,974	1,018,048
Social security costs	95,175	80,756
Cost of defined contribution scheme	51,831	52,072
	1,175,980	1,150,876

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Operations and administration	53	57

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	118,210	148,104
Company contributions to defined contribution pension schemes	4,906	4,654
	123,116	152,758

During the year retirement benefits were accruing to 2 directors (2024 - 1) in respect of defined contribution pension schemes.

9.	Interest receivable
		2025	2024
		£	£

Interest receivable from group companies	568,234	579,167
Other interest receivable	45,777	61,363
	614,011	640,530

Page 23

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

10.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	744,276	532,657
Other interest payable	2,527	-
	746,803	532,657

Corporation tax
Current tax on profits for the year	50,014	241,763

Total current tax	50,014	241,763

Deferred tax
On revaluation of company's properties	90,300	138,690
On fixed asset timing differences	9,401	(18,174)
Total deferred tax	99,701	120,516


	Tax on profit	149,715	362,279

Page 24

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

11.Taxation (continued)

Profit on ordinary activities before tax

463,185

1,337,630

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	115,796	334,408
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	777	31,967
Capital allowances for year in excess of depreciation	4,078	46,291
Revaluation of investment properties	(61,538)	(190,098)
Potential gain on revalued properties	90,300	138,690
Other differences leading to an increase (decrease) in the tax charge	302	1,021
Total tax charge for the year	149,715	362,279

Factors that may affect future tax charges

There are no taxable trading losses to carry forward to utilise against future profits.

12.	Dividends
		2025	2024
		£	£

	Dividends	50,000	50,000
		50,000	50,000

Page 25

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

13.	Intangible assets

		Goodwill
		£
	Cost
	At 1 December 2024	860,000
	At 30 November 2025	860,000
	Amortisation
	At 1 December 2024	860,000
	At 30 November 2025	860,000
	Net book value
	At 30 November 2025	-
	At 30 November 2024	-

Page 26

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

14.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 December 2024	1,715,000	143,464	81,582	407,434	2,347,480
Additions	5,337	1,239	174,866	-	181,442
Disposals	-	-	(143,570)	-	(143,570)
Revaluations	(50,337)	-	-	-	(50,337)
At 30 November 2025	1,670,000	144,703	112,878	407,434	2,335,015
Depreciation
At 1 December 2024	-	103,984	40,336	386,384	530,704
Charge for the year	-	9,145	26,267	8,554	43,966
Disposals	-	-	(48,689)	-	(48,689)
At 30 November 2025	-	113,129	17,914	394,938	525,981
Net book value
At 30 November 2025	1,670,000	31,574	94,964	12,496	1,809,034
At 30 November 2024	1,715,000	39,480	41,246	21,050	1,816,776

Cost or valuation at 30 November 2025 is as follows:

			Land and buildings
			£

		At cost	2,258,293
		At valuation:
		30 November 2025	(588,293)

			1,670,000

Page 27

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

14.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
	2025	2024
	£	£


Cost	2,258,293	2,258,293
Accumulated depreciation	(520,635)	(496,824)
Net book value	1,737,658	1,761,469

15.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 December 2024	100
	At 30 November 2025	100

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Principal activity	Holding

Fastcentral Limited

England and Wales

Property dealing, development and letting

100%

Page 28

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

16.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 December 2024	20,075,849
	Additions at cost	218,099
	Disposals	(210,000)
	Fair value movement	246,151
	At 30 November 2025	20,330,099

The valuation of the properties has been made by an assessment made by the directors, of which one is a Chartered Surveyor.

17.	Stocks
		2025	2024
		£	£

Finished goods and goods for resale	23,257	26,114
	23,257	26,114

18.

Debtors

					2025	2024
					£	£


Trade debtors	96,840	98,959
Amounts owed by group undertakings	6,321,320	5,914,888
Other debtors	9,438	43,109
Prepayments and accrued income	82,409	82,227
	6,510,007	6,139,183

Page 29

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

19.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,916,598	2,889,872
Less: bank overdrafts	(284,272)	-
	1,632,326	2,889,872

20.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	284,272	-
Bank loans	812,763	816,832
Trade creditors	46,462	69,487
Corporation tax	6,514	241,763
Other taxation and social security	113,374	290,975
Other creditors	89,132	75,266
Accruals and deferred income	377,827	240,847
	1,730,344	1,735,170

21.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	10,397,988	11,064,795
Other creditors	559,692	521,771
	10,957,680	11,586,566

The fair value of interest rate swaps is based on broker quotes. Those quotes are tested for reasonableness by discounting estimated future cash flows based on the terms and maturity of each contract and using market interest rates at the measurement date. The notional value of the contract as at 30 November 2025 is £10,932,675 (2024 - £10,932,675).

Page 30

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Amounts falling due within one year
Bank loans	812,763	816,832
	812,763	816,832
Amounts falling due 1-2 years
Bank loans	2,403,971	808,295
	2,403,971	808,295
Amounts falling due 2-5 years
Bank loans	5,675,640	7,340,789
	5,675,640	7,340,789
Amounts falling due after more than 5 years
Bank loans	2,318,377	2,915,711
	2,318,377	2,915,711
	11,210,751	11,881,627

The bank loan and overdrafts are secured by a debenture incorporating a legal charge over the company's freehold properties, plant and machinery, debtors and goodwill and by a floating charge on all other assets. The interest rate on the bank loan is 4%. Lloyds Bank PLC also holds an unlimited guarantee with the company's subsidiary, Fastcentral Limited.

23.	Deferred taxation

		2025
		£

	At beginning of year	1,088,400
	Charged to the Statement of comprehensive income	99,701
	At end of year	1,188,101

Page 31

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

23.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	33,400	23,999
Revaluation of properties	1,154,701	1,064,401
	1,188,101	1,088,400

24.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

4,545 Ordinary A shares of £1 each	4,545	4,545
5,555 Ordinary B shares of £1 each	5,555	5,555

	10,100	10,100

The Ordinary A £1 shares and Ordinary B £1 shares are seperate classes of shares for the purpose of the declaration of dividends and rank pari passu in all other respects.

25.

Reserves

Revaluation reserve

Revaluation reserve represents revaluation reserves on freehold properties in tangible fixed assets.
Fair value reserve
The fair value reserve represents the fair valuation on interest rate swaps.

Profit and loss account

Profit and loss account includes all current and prior year retained profits and losses.
The amount of distributable reserves for the company is £6,877,394 (2024 - £7,177,059).

26.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £51,831 (2024 - £52,072). Total contributions payable at the year end were £1,575 (2024 - £2,431).

Page 32

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Land and buildings
Not later than 1 year	951,146	1,080,979
Later than 1 year and not later than 5 years	2,055,203	2,315,693
Later than 5 years	645,790	1,218,413
	3,652,139	4,615,085

At 30 November 2025 the future aggregate minimum rentals payable under non-cancellable operating leases are as follows:
	2025	2024
	£	£

Not later than 1 year	18,250	18,250
Later than 1 year and not later than 5 years	73,000	73,000
Later than 5 years	1,196,896	1,215,146
	1,288,146	1,306,396

28.

Related party transactions

The company has taken advantage of the exemption allowed by Financial Reporting Standard 102 not to disclose any transactions with other wholly owned members of the group.
Included within other debtors is an amount of £Nil (2024 - £155) owed by a previous beneficiary of the group's ultimate controlling party.
During the year, the company received management income from a business controlled by a director of £Nil (2024 - £33,921).
During the year the company paid £Nil (2024 - £15,000) to a charity with a Trustee, who is a director of the company. At the year end, the company owed the Charity £1,567 (2024 - £487).
Key management remuneration in the current year and prior year is as disclosed for directors.

Page 33

TECHAID FACILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

29.	Post balance sheet events

30.	Controlling party

The immediate and ultimate parent undertaking is MJFG Holdings Limited, a company incorporated in England and Wales with registered office 3 Brook Business Centre, Cowley Mill Road, Uxbridge, UB8 2FX. The smallest and largest group preparing consolidated accounts is MJFG Holdings Limited. The consolidated financial statements of MJFG Holdings Limited may be obtained from Companies House.

Page 34