REGISTERED NUMBER: 11797725 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

RH2 HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Statement of Comprehensive Income

10

Consolidated Statement of Financial Position

11

Company Statement of Financial Position

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Statement of Cash Flows

15

Notes to the Consolidated Statement of Cash Flows

16

Notes to the Consolidated Financial Statements

18

DIRECTORS:

N A Bromley

J Espin

REGISTERED OFFICE:

Chancery House

3 Hatchlands Road

Redhill

Surrey

RH1 6AA

REGISTERED NUMBER:

11797725 (England and Wales)

AUDITORS:

Vista Audit LLP

Chartered Accountants

Statutory Auditor

Chancery House

3 Hatchlands Road

Redhill

Surrey

RH1 6AA

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

REVIEW OF BUSINESS

The Group consists of this holding company together with its sole trading subsidiary. The subsidiary has three service divisions and the directors consider that the key financial performance indicators are those that monitor the performance in respect of each of these divisions. The revenue of the Group, wholly derived from the trading subsidiary, from the rendering of services analysed by division is as follows:

2025

2024

£

£

Construction including design

24,851,121

17,255,200

Refrigeration

8,357,751

3,908,000

Mechanical

5,376,370

5,479,950

38,585,242

26,643,150

Overall sales have seen an increase of £11.9m from 2024, an uplift of 45%. £7.6m of the increase was in the construction division and the remainder in the refrigeration division.

The directors also monitor gross profit margin as another key performance indicator and this remains consistent with last year at 24%. The Group continues to widen its supplier base and implement steps to introduce efficiencies with the intention of improving its gross profit margin in challenging economic conditions.

The Group is committed to delivering high-quality, industry recognised services in an efficient and effective way, they focus on client service, innovation and, above all, quality has driven their position in the market and the relationships they have with key stakeholders in the fit-out supply chain.

Due to the nature of its projects and good relationships with key customers there is generally good visibility over future business. They track these opportunities on a weekly basis, using management information tools.

PRINCIPAL RISKS AND UNCERTAINTIES

The Group faces a number of business risks and uncertainties due to trading conditions and new competition. In view of this, the directors look carefully at both existing and potential new markets. In particular the following key risks have been identified together with the Group's approach to mitigating those risks.

Changes in technology

In terms of energy saving solutions, the industry is fast moving and there are risks associated with investing too heavily in designing an energy saving solution for the retail industry that then becomes obsolete. In particular, this can lead to wasted development costs and the opportunity cost of time that could have been invested in other areas. There is also a reputational risk in providing customers with less energy efficient designs.

The Group continues to monitor advances within its trade and is aware of updates in technology and is working closely with experts in energy saving technology which allows identification of trends and continued enhancement of its energy saving solutions to its customers.

New entrants to the market

The barriers to entry for the industry are fairly low and new entrants who specialise in providing only one service can make cost savings. New entrants can therefore potentially offer low selling prices to gain initial market share which would directly affect sales.

However the Group has an established, loyal, customer base who carry out a comprehensive review of performance and financial stability of their suppliers in order for them to become approved. These customers also prefer to deal with a single supplier for a range of services.

PRINCIPAL RISKS AND UNCERTAINTIES

Exposure to bad debts

The directors minimise the exposure to this risk by regular management reviews of trade debts and the credit worthiness of key customers.

Delivery risk

The aim of the Group is to satisfy the requirements of its customers, stakeholders and interested parties by delivering its services safely, on time, within budget and to the highest quality.

The directors recognise the importance of innovation in design and delivery of customer expectations to maintain a competitive advantage. Customer management is vital for a successful business together with an understanding of the marketplace and implementation of effective marketing and sales activities.

The Group continues to focus on delivering its customer's expectations in the most efficient way possible, monitoring resource requirements to ensure the business can operate efficiently and effectively.

Non-conformance procedures are used to record any actual or potential shortfalls in quality standards or internal processes / procedures that may threaten its delivery success, and action taken to ensure improvements have taken place, or potential problems avoided. The preventative action taken in order to avoid recurrence of any such activities is similarly recorded.

Price risk

The Group has basic financial instruments. The Group's financial assets comprise cash, trade debtors, other debtors, amounts advanced to directors and amounts owed by its ultimate controlling party. The Group's financial liabilities comprise hire purchase contracts, trade creditors, other creditors, accruals and deferred income. Due to the nature of the financial instruments used by the Group there is minimal exposure to price risk.

Interest rate risk

The Group's interest rate exposure arises mainly from its interest-bearing borrowings. However, all existing borrowings are on a fixed rate; therefore the risk is deemed to be minimal. Furthermore, the directors regularly review the Group's funding arrangements to ensure they are competitive.

Credit risk

Credit risk is the risk that of financial loss to the Group on failure of a customer or counterparty to meet their obligations as they fall due. The Group is exposed to credit risk primarily in respect of its trade debtors and cash.

Exposure to credit risk in respect of trade debtors is mitigated through regularly reviewing trade debtors and periodically reassessing customers' credit limits. In respect of cash, the counterparty is one of the major banks in England and management do not expect the bank to fail to meet its obligations.

Liquidity/ cashflow risk

The objective of the Group in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The Group monitors its ability to meet its financial obligations through rolling profit and cash flow projections. In the unlikely event that operating cash flows did not cover all the financial obligations, the Group has credit facilities available and further support from its Directors. The Group has successfully secured loans after the balance sheet date to provide additional working capital to further mitigate this risk.

ON BEHALF OF THE BOARD:

J Espin - Director

24 July 2026

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

PRINCIPAL ACTIVITY

The principal activity of the Company in the year under review was that a holding company. The principal activity of the subsidiary in the year under review was that of the provision of integrated design and construction services, including refrigeration, mechanical and electrical installations.

DIVIDENDS

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

RESEARCH AND DEVELOPMENT

The Group's innovation-led approach is helping to ensure the reliability and efficiency of a wide range of heating and cooling systems. The Group continues to invest in people. The Group's in-house design and engineering teams, utilise the latest tools to calculate technical requirements. The Group has been able to resolve technological uncertainty and deliver advancements that lead to safer, more efficient refrigeration and HVAC services. The Group continues to carry out research and development activities and continually pushing boundaries of designing a heating and cooling system that is suitable for customer's requirements.

FUTURE DEVELOPMENTS

The directors anticipate that the business environment will remain competitive, with careful focus on appropriate diversification in addition to constant monitoring of its market and the activities of competitors, the directors are confident in the Group's ability to maintain and build on its position, albeit with cautious growth expectations.

DIRECTORS

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

N A Bromley

J Espin

FINANCIAL INSTRUMENTS

The Group has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are summarised in the strategic report. The Group does not enter into any formally designated hedging arrangements.

GOING CONCERN

The accounts have been prepared on a going concern basis. In determining the appropriate basis for the preparation of the financial statements, the directors are required to consider whether the Group can continue in operational existence for the foreseeable future, this being a period of at least 12 months from the date of the approval of these financial statements.

The Group has considered its most recent board-approved forecasts to carry out its assessment. The forecasts prudently assume reduced levels of turnover and gross profit margin coupled with implemented reductions in overhead expenditure. The Group has secured additional short-term funding after the year end and has further support available if required.

Having given due consideration to the above analysis, the directors are satisfied that the Group has adequate resources to meet its liabilities as and when they fall due in the 12 months following the date of approval of the financial statements. Accordingly they continue to adopt the going concern basis in preparing these financial statements.

DISCLOSURE IN THE STRATEGIC REPORT

Information on financial exposure and risk management is disclosed within the Strategic Report.

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;

-	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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Vista Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J Espin - Director

24 July 2026

Opinion

We have audited the financial statements of RH2 Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the Consolidated Statement of 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 October 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 five, 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:

Extent to which the audit was considered capable of detecting irregularities, including fraud 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.

The objectives of our audit:

-

in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management; and

-

in respect of irregularities, considered to be non-compliance with laws and regulations, are to obtain sufficient appropriate audit evidence regarding compliance with the provisions of those laws and regulations generally recognised to have a direct effect on the determination of material amounts and disclosures in the financial statements, and perform other audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements. We are not responsible for preventing non-compliance with laws and regulations and our audit procedures cannot be expected to detect non-compliance with all laws and regulations.

Our approach was as follows:

-

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

-

Obtaining an understanding of the entity's risk assessment process, including the risk of fraud. Designing our audit procedures to respond to our risk assessment; and

-

Performing analytical procedures to identify any unusual or unexpected transactions. Obtaining an understanding and testing the assumptions and calculations involved in the recognition of contracts, including cost allocation testing and a review of the completeness of provisions for loss making contracts; and

-

Assessing whether judgements and assumptions made in determining the accounting estimates set out in note 4 were indicative of potential bias; and

-

Performing audit testing over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business; and

-

We determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (FRS 102), the UK Companies Act and tax legislation; and

-

We identified the key laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Group's ability to operate or to avoid material penalty. These included the Bribery Act, the Data Protection Act 2018, UK employment law, environmental health and safety legislation.

We obtained a general understanding of how the Group complies with these legal and regulatory frameworks by making enquiries of management and those responsible for legal and compliance matters. We also reviewed minutes of the Board and gained an understanding of the Group's approach to governance.

There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. The primary responsibility for the prevention and detection of fraud rests with those charged with governance of the group and parent company and management. We are not responsible for preventing non-compliance with laws and regulations and our audit procedures cannot be expected to detect non-compliance with all laws and regulations.

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.

Other matters which we are required to address

The prior period financial statements are unaudited.

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.

Susan Jones FCA (Senior Statutory Auditor)

for and on behalf of Vista Audit LLP

Chartered Accountants

Statutory Auditor

Chancery House

3 Hatchlands Road

Redhill

Surrey

RH1 6AA

24 July 2026

TURNOVER

5

38,585,242

26,643,150

Cost of sales

29,523,391

20,149,488

GROSS PROFIT

9,061,851

6,493,662

Administrative expenses

5,670,096

4,733,709

3,391,755

1,759,953

Other operating income

111,266

108,919

OPERATING PROFIT

7

3,503,021

1,868,872

Provision for uncollectible

receivables

8

17,929

420,099

3,485,092

1,448,773

Interest receivable and similar income

121,171

56,132

3,606,263

1,504,905

Interest payable and similar expenses

9

94,133

26,411

PROFIT BEFORE TAXATION

3,512,130

1,478,494

Tax on profit

10

789,092

245,034

PROFIT FOR THE FINANCIAL YEAR

2,723,038

1,233,460

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,723,038

1,233,460

Profit attributable to:

Owners of the parent

2,723,038

1,233,460

Total comprehensive income attributable to:

Owners of the parent

2,723,038

1,233,460

FIXED ASSETS

Tangible assets

13

370,860

271,215

Investments

14

-

-

370,860

271,215

CURRENT ASSETS

Debtors

15

13,008,146

9,547,025

Cash at bank

549,995

1,737,528

13,558,141

11,284,553

CREDITORS

Amounts falling due within one year

16

9,152,568

9,608,175

NET CURRENT ASSETS

4,405,573

1,676,378

TOTAL ASSETS LESS CURRENT LIABILITIES

4,776,433

1,947,593

CREDITORS

Amounts falling due after more than one year

17

(170,432

)

(103,491

)

PROVISIONS FOR LIABILITIES

21

(69,097

)

(30,236

)

NET ASSETS

4,536,904

1,813,866

CAPITAL AND RESERVES

Called up share capital

22

126

126

Share premium

23

837,837

837,837

Retained earnings

23

3,698,941

975,903

SHAREHOLDERS' FUNDS

4,536,904

1,813,866

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

J Espin - Director

FIXED ASSETS

Tangible assets

13

-

-

Investments

14

1,696,275

1,696,275

1,696,275

1,696,275

CURRENT ASSETS

Debtors

15

18,710

18,710

CREDITORS

Amounts falling due within one year

16

909,738

869,108

NET CURRENT LIABILITIES

(891,028

)

(850,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

805,247

845,877

CAPITAL AND RESERVES

Called up share capital

22

126

126

Share premium

23

837,837

837,837

Retained earnings

23

(32,716

)

7,914

SHAREHOLDERS' FUNDS

805,247

845,877

Company's (loss)/profit for the financial year

(40,630

)

624,941

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

J Espin - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 November 2023

63

318,443

-

318,506

Changes in equity

Issue of share capital

63

-

837,837

837,900

Dividends

-

(576,000

)

-

(576,000

)

Total comprehensive income

-

1,233,460

-

1,233,460

Balance at 31 October 2024

126

975,903

837,837

1,813,866

Changes in equity

Total comprehensive income

-

2,723,038

-

2,723,038

Balance at 31 October 2025

126

3,698,941

837,837

4,536,904

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 November 2023

63

(41,027

)

-

(40,964

)

Changes in equity

Issue of share capital

63

-

837,837

837,900

Dividends

-

(576,000

)

-

(576,000

)

Total comprehensive income

-

624,941

-

624,941

Balance at 31 October 2024

126

7,914

837,837

845,877

Changes in equity

Total comprehensive income

-

(40,630

)

-

(40,630

)

Balance at 31 October 2025

126

(32,716

)

837,837

805,247

Cash flows from operating activities

Cash generated from operations

1

1,696,422

3,382,280

Interest paid

(20,854

)

(7,561

)

Interest element of hire purchase payments paid

(16,279

)

(17,012

)

Tax paid

(404,373

)

(623,737

)

Net cash from operating activities

1,254,916

2,733,970

Cash flows from investing activities

Purchase of intangible fixed assets

-

50,265

Purchase of tangible fixed assets

(155,373

)

(44,180

)

Sale of tangible fixed assets

1,000

-

Interest received

52,426

32,742

Net cash from investing activities

(101,947

)

38,827

Cash flows from financing activities

Loan repayments in year

(48,057

)

(66,952

)

Capital repayments in year

(32,854

)

(32,820

)

Amount introduced by directors

100,000

-

Amount withdrawn by directors

(2,205,485

)

(971,370

)

Amounts advanced to AB Group EOT

(154,106

)

-

Net cash from financing activities

(2,340,502

)

(1,071,142

)

(Decrease)/increase in cash and cash equivalents

(1,187,533

)

1,701,655

Cash and cash equivalents at beginning of year

2

1,737,528

35,873

Cash and cash equivalents at end of year

2

549,995

1,737,528

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

(Unaudited)

£

£

Profit before taxation

3,512,130

1,478,494

Depreciation charges

106,089

96,594

Loss on disposal of fixed assets

11,722

-

Provision for uncollectible receivables

274,722

420,099

R&D tax credits

(33,245

)

-

Finance costs

94,133

26,411

Finance income

(121,171

)

(56,132

)

3,844,380

1,965,466

Increase in trade and other debtors

(886,002

)

(2,469,322

)

(Decrease)/increase in trade and other creditors

(1,261,956

)

3,886,136

Cash generated from operations

1,696,422

3,382,280

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 October 2025

31/10/25

1/11/24

£

£

Cash and cash equivalents

549,995

1,737,528

Year ended 31 October 2024

31/10/24

1/11/23

(Unaudited)

£

£

Cash and cash equivalents

1,737,528

35,873

3.	ANALYSIS OF CHANGES IN NET FUNDS

Other

non-cash

At 1/11/24

Cash flow

changes

At 31/10/25

£

£

£

£

Net cash

Cash at bank

1,737,528

(1,187,533

)

549,995

1,737,528

(1,187,533

)

549,995

Debt

Finance leases

(184,407

)

93,102

(123,331

)

(214,636

)

Debts falling due

within 1 year

(48,057

)

48,057

-

-

(232,464

)

141,159

(123,331

)

(214,636

)

Total

1,505,064

(1,046,374

)

(123,331

)

335,359

1.	STATUTORY INFORMATION

RH2 Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

All amounts in the financial statements have been rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. In preparing the financial statements the Directors have taken into account available information regarding the twelve month period from the date of approval of the financial statements. The Group has used its most recent board approved forecasts to 31 October 2027 to carry out an assessment of the ability of the Group to fund its plans for a period of at least twelve months from the issuance of these financial statements. These cash flow forecasts have considered typical cash cycles and levels of turnover.

Having given due consideration to the above analysis, the directors of the Group have a reasonable expectation that the Group has adequate resources to meet its liabilities as and when they fall due in the twelve months following the date of approval of the financial statements. In addition, the Group has obtained loans since the balance sheet date to provide additional working capital. The directors of the Group have therefore adopted the going concern basis in preparing these financial statements.

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

On 19 December 2023 the company gained 100% control of AB Refrigeration Contracting Limited. The combination has been accounted for as a merger in the financial statements.

Merger accounting method

With the merger accounting method the carrying values of the assets and liabilities of the parties to the combination are not adjusted to fair value. The results and cash flows of all the combining entities are brought into the financial statements of the combined entity from the beginning of the financial year in which the combination occurred, adjusted so as to achieve uniformity of accounting policies. The comparative information is restated by including the total comprehensive income for all the combining entities for the previous reporting period and their statement of financial position for the previous reporting date, adjusted as necessary to achieve uniformity of accounting policies.

The difference, if any, between the nominal value of the shares issued plus the fair value of any other consideration given, and the nominal value of the shares received in exchange is shown as a movement on other reserves in the consolidated financial statements. Any existing balances on the share premium account or capital redemption reserve of the new subsidiary is brought in by being shown as a movement on other reserves. These movements are shown in the statement of changes in equity.

Merger expenses, if any, are charged to the statement of comprehensive income as part of profit or loss of the combined entity at the effective date of the group reconstruction.