REGISTERED NUMBER: 07778262 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 October 2025

for

RJJJD Holdings Ltd

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Statement of Income and Retained Earnings

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

15

DIRECTORS:

R H Doubtfire

J Davies

REGISTERED OFFICE:

133 Broadwalk

London

SE3 8NF

REGISTERED NUMBER:

07778262 (England and Wales)

AUDITORS:

Nichols & Co ( Accountancy ) Limited

Chartered Accountants

and Statutory Auditors

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

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

Strategic Management

The trading company has traded since 2005 in the area of healthcare construction and engineering services. Works are delivered through two divisions; Healthcare Projects and Healthcare Managed Service Contracts. Key clients are the NHS and Private Healthcare Providers. The trading company has grown steadily since its inception and is currently within another growth phase as part of the planned business objectives and ambitions for 2023-2028.

The company has added additional divisions through 2025, the focus on consultative services with our clients, development projects inc financing, delivery of healthcare projects and digital expansion. The team continues to be strengthened at senior leadership and senior manager level. There is a continuing recruitment drive.

Business Environment

The healthcare market is thriving with the drive for the provision of better facilities for the public and private patients and for the provision of health facilities more easily accessible. The company remains in a competitive space with work generated from key clients and frameworks that the company wins work from. Challenges and risk remains for government in regards where to spend across the public funded areas of health, education, security. Major changes in healthcare spending are not expected to be detrimental to the companies core business areas although some delay to projects has been experienced through late 2024 and early 2025. Opportunities continue to exist in the changing landscape of healthcare delivery. The company is into its third year of the Environmental, Social, Governance [ESG] journey and producing it's own carbon reduction plan and carbon footprint score. Employees are and remain the companies key asset, the team is growing and various additional support services are provided for employees alongside continuous skills and mandatory training is vital and a key focus of the company.

Within the group the property development company holds four rental properties and two development sites with land with planning permission currently under development.

Business Performance and Position

The trading company has seen an increase in growth and commercial margins reflecting in better year end results 23-24 / 24-25. The banking relationship and facilities remain strong and engaged in the planned growth objectives. Professional advisors at CFO and NED level have been brought in to help the senior leadership team.

The full-time staff as of April 2026 amounts to 26 members with an exact 50/50 split. Supporting staff are freelance and or key professional services.

The trading company has met all contractual KPI's and contract deliverables, there are no claims or bad debts against the group.

Pre-tax profits in 2025 have decreased from £1.6 m in 2024 to £0.3m in 2025. One of the reasons for this is due to the decrease in turnover from a 14 month period of £21.6m in 2024 to £11.9m over a 12 month period in 2025.

The net shareholders' funds of the group has decreased from £8.0m in 2024 to £7.9m in 2025.

ON BEHALF OF THE BOARD:

R H Doubtfire - Director

31 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 group in the year under review was that of healthcare construction and engineering services.

DIVIDENDS

The total distribution of dividends for the year ended 31 October 2025 will be £ 365,017 .

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

R H Doubtfire has held office during the whole of the period from 1 November 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

The group made donations of £5,000 (2024- £10,000) in the year to various charitable foundations, not of a political nature.

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). 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, Nichols & Co ( Accountancy ) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R H Doubtfire - Director

31 July 2026

Opinion

We have audited the financial statements of RJJJD Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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:

- 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.

- Enquiring of management of whether they are aware of any non-compliance with laws and regulations.

- Enquiring of management whether they have any knowledge of any actual, suspected or alleged fraud.

- Enquiring of management their internal controls established to mitigate risk related to fraud or non-compliance with laws and regulations.

- Discussions amongst engagement team on how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in posting of unusual journals.

- Obtaining understanding of the legal and regulatory framework the company operates in focusing on those laws and regulations that had a direct effect on the financial statements or had a fundamental effect on the operations. The key laws and regulations we considered in this context included UK Companies Act, tax legislation and employment law.

To address the risk of fraud through management bias and override of controls we:

- Performed analytical procedures to identify any unusual or unexpected relationships.

- Audited the risk of management override of controls, including through testing journals entries for appropriateness.

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but are not limited to:

- Agreeing financial statements disclosures to underlying supporting documentation.

- Enquiring of management as to actual and potential litigation claims.

The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance. Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the directors.

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.

Steven Nichols (Senior Statutory Auditor)

for and on behalf of Nichols & Co ( Accountancy ) Limited

Chartered Accountants

and Statutory Auditors

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

31 July 2026

TURNOVER

11,894,133

21,621,885

Cost of sales

(9,217,063

)

(17,040,588

)

GROSS PROFIT

2,677,070

4,581,297

Administrative expenses

(3,266,195

)

(3,026,613

)

(589,125

)

1,554,684

Other operating income

47,498

21,000

Gain/loss on revaluation of investment property

881,582

-

OPERATING PROFIT

4

339,955

1,575,684

Interest receivable and similar income

23,002

51,569

362,957

1,627,253

Interest payable and similar expenses

5

(47,089

)

(28,055

)

PROFIT BEFORE TAXATION

315,868

1,599,198

Tax on profit

6

(80,092

)

(266,125

)

PROFIT FOR THE FINANCIAL YEAR

235,776

1,333,073

Retained earnings at beginning of year

7,918,779

7,063,530

Dividends

8

(365,017

)

(477,824

)

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

7,789,538

7,918,779

Profit attributable to:

Owners of the parent

235,776

1,333,073

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

416,641

505,979

Investments

11

498,659

498,659

Investment property

12

2,316,806

950,000

3,232,106

1,954,638

CURRENT ASSETS

Stocks

13

1,569,422

2,282,113

Debtors

14

5,705,375

6,105,873

Cash at bank and in hand

1,279,089

1,425,120

8,553,886

9,813,106

CREDITORS

Amounts falling due within one year

15

(2,923,574

)

(3,354,279

)

NET CURRENT ASSETS

5,630,312

6,458,827

TOTAL ASSETS LESS CURRENT LIABILITIES

8,862,418

8,413,465

CREDITORS

Amounts falling due after more than one year

16

(902,009

)

(265,619

)

PROVISIONS FOR LIABILITIES

20

(3,660

)

(61,856

)

NET ASSETS

7,956,749

8,085,990

CAPITAL AND RESERVES

Called up share capital

21

100

100

Revaluation reserve

22

167,111

167,111

Retained earnings

22

7,789,538

7,918,779

SHAREHOLDERS' FUNDS

7,956,749

8,085,990

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

R H Doubtfire - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

500,660

500,660

Investment property

12

-

-

500,660

500,660

CURRENT ASSETS

Debtors

14

4,517,875

2,829,275

Cash at bank

1,258

1,397

4,519,133

2,830,672

CREDITORS

Amounts falling due within one year

15

(3,053

)

(3,053

)

NET CURRENT ASSETS

4,516,080

2,827,619

TOTAL ASSETS LESS CURRENT LIABILITIES

5,016,740

3,328,279

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

5,016,640

3,328,179

SHAREHOLDERS' FUNDS

5,016,740

3,328,279

Company's profit for the financial year

2,053,478

2,224,844

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

R H Doubtfire - Director

Cash flows from operating activities

Cash generated from operations

1

(106,769

)

549,352

Interest paid

(27,147

)

(13,652

)

Interest element of hire purchase payments paid

(19,942

)

(14,403

)

Tax paid

104,587

(549,855

)

Net cash from operating activities

(49,271

)

(28,558

)

Cash flows from investing activities

Purchase of tangible fixed assets

(106,851

)

(503,226

)

Purchase of investment property

(485,224

)

-

Sale of tangible fixed assets

50,000

82,000

Interest received

23,002

51,569

Net cash from investing activities

(519,073

)

(369,657

)

Cash flows from financing activities

New loans in year

1,037,150

304,020

Loan repayments in year

(117,640

)

(24,363

)

Capital repayments in year

(53,816

)

(9,714

)

Amount withdrawn by directors

875

(368,825

)

Equity dividends paid

(365,017

)

(477,824

)

Net cash from financing activities

501,552

(576,706

)

Decrease in cash and cash equivalents

(66,792

)

(974,921

)

Cash and cash equivalents at beginning of year

2

1,043,564

2,018,485

Cash and cash equivalents at end of year

2

976,772

1,043,564

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

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

£

£

Profit before taxation

315,868

1,599,198

Depreciation charges

124,906

139,460

Loss/(profit) on disposal of fixed assets

21,284

(15,052

)

Gain on revaluation of fixed assets

(881,582

)

-

Finance costs

47,089

28,055

Finance income

(23,002

)

(51,569

)

(395,437

)

1,700,092

Decrease/(increase) in stocks

712,691

(733,221

)

Decrease/(increase) in trade and other debtors

399,624

(1,292,024

)

(Decrease)/increase in trade and other creditors

(823,647

)

874,505

Cash generated from operations

(106,769

)

549,352

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

1,279,089

1,425,120

Bank overdrafts

(302,317

)

(381,556

)

976,772

1,043,564

Period ended 31 October 2024

31.10.24

1.9.23

£

£

Cash and cash equivalents

1,425,120

2,241,807

Bank overdrafts

(381,556

)

(223,322

)

1,043,564

2,018,485

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

1,425,120

(146,031

)

1,279,089

Bank overdrafts

(381,556

)

79,239

(302,317

)

1,043,564

(66,792

)

976,772

Debt

Finance leases

(319,436

)

53,816

(265,620

)

Debts falling due within 1 year

-

(225,788

)

(225,788

)

Debts falling due after 1 year

-

(693,724

)

(693,724

)

(319,436

)

(865,696

)

(1,185,132

)

Total

724,128

(932,488

)

(208,360

)

1.	STATUTORY INFORMATION

RJJJD Holdings Ltd 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of businesses in 2011 and 2013, has been fully amortised.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

£

£

Wages and salaries

1,328,709

1,220,349

Social security costs

163,630

138,039

Other pension costs

128,906

178,875

1,621,245

1,537,263

The average number of employees during the year was as follows:

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

Administration

7

6

Multi Service Contracts

8

8

Projects

11

10

26

24

The average number of employees by undertakings that were proportionately consolidated during the year was 26 (2024 - 24 ) .

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

£

£

Directors' remuneration

119,070

186,151

Directors' pension contributions to money purchase schemes

100,640

156,261

4.	OPERATING PROFIT

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

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

£

£

Other operating leases

55,467

64,703

Depreciation - owned assets

124,905

139,461

Loss/(profit) on disposal of fixed assets

21,284

(15,052

)

Auditors remuneration

27,089

10,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

£

£

Bank loan interest

27,008

-

Overdue Tax

-

13,379

Incidental cost of finance

139

273

Hire purchase

19,942

14,403

47,089

28,055

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

1.9.23

Year Ended

to

31.10.25

31.10.24

£

£

Current tax:

UK corporation tax

133,838

70,144

Prior Period Corporation Tax

-

115,398

ATED tax charge

4,450

4,400

Total current tax

138,288

189,942

Deferred tax

(58,196

)

76,183

Tax on profit

80,092

266,125

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.