ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

1 month period to 31 July

Registered number: 15443686

HEWER GROUP HOLDINGS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

HEWER GROUP HOLDINGS LIMITED

COMPANY INFORMATION

Directors	S W Hewer (appointed 17 June 2024)
	I R Haughton (appointed 25 January 2024)
	I W Leitch (appointed 17 June 2024)
	S W Hesk (appointed 17 June 2024)
	C D Yates (appointed 17 June 2024)


Company secretary	No company secretary


Registered number	15443686


Registered office	Chargrove House
	Main Road
	Shurdington
	Cheltenham
	Gloucestershire
	GL51 4GA

HEWER GROUP HOLDINGS LIMITED

CONTENTS

	Page
Group Strategic Report	1 - 2
Directors' Report	3 - 4
Independent Auditors' Report	5 - 8
Consolidated Statement of Comprehensive Income	9
Consolidated Balance Sheet	10
Company Balance Sheet	11
Consolidated Statement of Changes in Equity	12 - 13
Company Statement of Changes in Equity	14
Consolidated Statement of Cash Flows	15 - 16
Consolidated Analysis of Net Debt	17
Notes to the Financial Statements	18 - 38

HEWER GROUP HOLDINGS LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

Introduction

The directors present the strategic report for the year ended 31 July 2025.

Business review

The principal activity of the Company is to act as a holding Company. In the prior year, the Company acquired Hewer Group Limited and its subsidiary undertakings as part of the Management Buy Out ("MBO"). Hewer Group Holdings Limited was incorporated on 25 January 2024 and was used as the acquiring Company in the transaction, forming the new Hewer Group. The Company holds an investment in its subsidiary undertaking, Hewer Group Limited and does not trade. As the Company gained control of the Hewer Group from 17 June 2024, the prior year results of the Hewer Group have only been consolidated from the date at which control was obtained.

The Group’s principal activity continues to be that of providing building facilities management services. Our core activities include Domestic and Commercial Gas service, maintenance and installation as well as Mechanical and Electrical design, installation, service and maintenance.

Results and Performance
The results of the Group for the period, as set out on pages 9 to 11, show a trading profit of £790,181 (2024: £57,450) on ordinary activities. The result for the prior period is only for the short period following the formation of the new Group. Group Shareholders' funds at 31 July 2025 are £1,205,823 (2024: £498,712).

Principal risks and uncertainties

Strategic and operational risk management remains overseen by the Board and Senior Management, supported by regular financial and operational reviews. The Company maintains IS09001 audited systems, supported by strict credit control practices, monthly performance monitoring, and formalised policies and procedures.

Inflationary pressures and supply-chain uncertainties continue to represent key external risks. These are mitigated through RPI/CPI-linked adjustments in Social Housing contracts and proactive supplier management.

The Group also actively manages credit and cashflow risk by maintaining robust debtor ledger controls and conducting detailed credit checks on new and existing clients.

Page 1

HEWER GROUP HOLDINGS LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

Other key performance indicators

Strategy and future developments

The Boards vision continues to be the leading service provider for our customers remaining focused on strengthening the Company's position in core sectors while expanding its capabilities in high growth renewable energy sectors. The Company continues to invest in technology, operational efficiency and workforce development to support sustained growth.

The Hewer C.A.R.E. values are embedded in all activities with our 'C' Customers first, 'A' Ambassadors empowering our employees 'R' building relationships, 'E' striving for excellence. Our future is driven by promoting our Values and focusing on our Vision.

In January 2026 our British Gas subcontract was re-mobilised following a 12 month deferment, and is expected to make a further significant contribution toward the company's future growth strategy.

During the year, the Group invested £100,000 to acquire a 49% stake in Heat Saviour Ltd, strengthening its ability to innovate within energy-efficient heating technologies.

Research and Development continues to be at the forefront of the Company's activities. Looking forward, the Company expects further growth in renewables, driven by increased demand for environmentally sustainable heating solutions and continued expansion of Social Housing and public sector contracts.

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

................................................ I R Haughton Director	................................................ I R Haughton Director

Date: 31 July 2026

Page 2

HEWER GROUP HOLDINGS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 JULY 2025

The Directors present their report and the financial statements for the year ended 31 July 2025.

Directors' responsibilities statement

The Directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 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 for the Group's financial statements and then apply them consistently;

∙make judgements 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 Group 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 the Group 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £790,181 (2024 - £57,450).

Directors

The Directors who served during the year were:

S W Hewer (appointed 17 June 2024)

I R Haughton (appointed 25 January 2024)

I W Leitch (appointed 17 June 2024)

S W Hesk (appointed 17 June 2024)

C D Yates (appointed 17 June 2024)

Page 3

HEWER GROUP HOLDINGS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

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 and the Group'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 and the Group's auditors are aware of that information.

Auditors

The auditors, Randall & Payne LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

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

................................................ I R Haughton Director	................................................ I R Haughton Director

Date: 31 July 2026	Date: 31 July 2026

Page 4

HEWER GROUP HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWER GROUP HOLDINGS LIMITED

Opinion

We have audited the financial statements of Hewer Group Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 July 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company 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 Group's and of the Parent Company's affairs as at 31 July 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 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

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 or 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.

Page 5

HEWER GROUP HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWER GROUP HOLDINGS 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 Group 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 Group 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 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 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 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.

Page 6

HEWER GROUP HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWER GROUP HOLDINGS 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 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 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 Group 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 audit planning process gave consideration to the risk of material misstatement in the financial statements, using the calculated materiality level which itself factored in the nature of the Company's operations and the interpreted levels of inherent and control risk.

In assessing the risk of fraud we reviewed management's own assessment of potential for fraud within the entity and reviewed judgements made by management to identify possible bias, in addition to any opportunity and incentive for fraud that are in inherent in the nature of the Company's operations. Our detailed testing included review of accounting estimates and judgements and validation of prime ledger entries.

We confirmed our knowledge of the legal and regulatory environment of the entity through discussions with management. We analysed all information available to us in respect of relevant laws and regulations, including the Companies Act 2006 and relevant UK tax legislation and enquired with management as to any possible breached in the aforementioned.

We agreed the accuracy of the financial statements to the supporting management information provided by the client and tested individually on a sample basis the income and expenditure in the financial statements to consider the business rationale behind the transactions and the accuracy of the financial records.

Our audit testing did not identify any issues in respect of the matters listed above.

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 7

HEWER GROUP HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWER GROUP HOLDINGS 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.

Ryan Moore CA (Senior Statutory Auditor)

for and on behalf of

Randall & Payne LLP Statutory auditors

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

31 July 2026

Page 8

HEWER GROUP HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JULY 2025

	31 July	1 month period to 31 July
	2025	2024
Note	£	£


Turnover	4	22,532,034	1,801,897
Cost of sales		(16,648,925)	(1,342,798)
Gross profit		5,883,109	459,099
Administrative expenses		(4,728,806)	(369,129)
Operating profit	5	1,154,303	89,970
Income from shares in associate		7,420	-
Interest receivable and similar income	9	13,917	-
Interest payable and similar expenses	10	(154,751)	(13,370)
Profit before taxation		1,020,889	76,600
Tax on profit	11	(230,708)	(19,150)
Profit for the financial year		790,181	57,450

Profit for the year attributable to:
Owners of the parent Company	790,181	57,450
	790,181	57,450

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 18 to 38 form part of these financial statements.

Page 9

HEWER GROUP HOLDINGS LIMITED

REGISTERED NUMBER: 15443686

CONSOLIDATED BALANCE SHEET

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	12		305,745		340,004
Tangible assets	13		1,273,839		1,281,701
Investments	14		107,420		-
			1,687,004		1,621,705
Current assets
Stocks	15	18,284		10,909
Debtors: amounts falling due within one year	16	3,321,382		4,193,610
Cash at bank and in hand	17	906,911		256,915
		4,246,577		4,461,434
Creditors: amounts falling due within one year	18	(3,536,554)		(3,861,302)
Net current assets			710,023		600,132
Total assets less current liabilities			2,397,027		2,221,837
Creditors: amounts falling due after more than one year	19		(1,131,551)		(1,662,254)
Deferred taxation	21	(59,654)		(60,871)
			(59,654)		(60,871)
Net assets			1,205,822		498,712

Capital and reserves
Called up share capital		1,203	1,203
Share premium account	22	75,789	75,789
Other reserves	22	364,270	364,270
Profit and loss account	22	764,560	57,450
Equity attributable to owners of the parent Company		1,205,822	498,712
		1,205,822	498,712

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026.

................................................

I R Haughton

Director

Page 10

HEWER GROUP HOLDINGS LIMITED

REGISTERED NUMBER: 15443686

COMPANY BALANCE SHEET

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Investments	14		1,597,807		1,597,807
			1,597,807		1,597,807
Current assets
Debtors: amounts falling due within one year	16	87,677		76,992
Cash at bank and in hand	17	64,660		19,627
		152,337		96,619
Creditors: amounts falling due within one year	18	(524,607)		(462,651)
Net current liabilities			(372,270)		(366,032)
Total assets less current liabilities			1,225,537		1,231,775

Creditors: amounts falling due after more than one year	19		(756,049)		(1,217,497)

Net assets			469,488		14,278

Capital and reserves
Called up share capital			4,410		4,410
Share premium account	22		2,093,397		2,093,397
Other reserves	22		(2,070,815)		(2,070,815)
Profit and loss account brought forward		(12,714)		-
Profit/(loss) for the year		538,281		(12,714)
Other changes in the profit and loss account		(83,071)		-
Profit and loss account carried forward			442,496		(12,714)
			469,488		14,278

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026.

................................................

I R Haughton

Director

The notes on pages 18 to 38 form part of these financial statements.

Page 11


		HEWER GROUP HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

	Called up share capital	Share premium account	Other reserves	Profit and loss account	Equity attributable to owners of Parent Company	Total equity
	£	£	£	£	£	£
Comprehensive income for the period
Profit for the period	-	-	-	57,450	57,450	57,450
Contributions by and distributions to owners
Shares issued during the period	1,203	75,789	-	-	76,992	76,992
Arising from acquisition	-	-	364,270	-	364,270	364,270
Total transactions with owners	1,203	75,789	364,270	-	441,262	441,262

At 1 August 2024	1,203	75,789	364,270	57,450	498,712	498,712
Comprehensive income for the year
Profit for the year	-	-	-	790,181	790,181	790,181
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(83,071)	(83,071)	(83,071)
At 31 July 2025	1,203	75,789	364,270	764,560	1,205,822	1,205,822

The notes on pages 18 to 38 form part of these financial statements.

Page 12


		HEWER GROUP HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

Accounting for acquisition of Hewer Group Limited and Equity Presentation
Group
As part of a management buyout completed in June 2024, Hewer Group Holdings Limited (the “Company”) acquired 100% of the share capital of Hewer Group Limited. The acquisition was effected partly through the issue of equity shares by the Company, comprising:

Shares issued to existing shareholders of Hewer Group Limited in exchange for their shares in that company (i.e. a share-for-share exchange); and

New shares issued for cash consideration to equalise shareholdings in Hewer Group Holdings Limited.

In accordance with FRS 102 Sections 9 and 19, the consolidated financial statements present the results and net assets of the group as if it were a single economic entity. Accordingly:

The share capital and share premium arising from the share-for-share exchange are treated as part of the acquisition consideration and are eliminated on consolidation against the investment in the subsidiary;

The share capital and share premium arising from cash subscriptions by shareholders are recognised within consolidated equity, as these represent external capital inflows into the group.

Company
In the parent company's individual financial statements, the difference between the total value of shares issued (including share premium) and the fair value of the investment in the subsidiary has been recognised within the Other Reserve.

This reserve represents the portion of capital introduced into the Company that did not result in the recognition of assets or liabilities in the parent company itself but instead facilitated the ownership restructuring achieved through the business combination.

The reserve is non-distributable and is presented within equity as a capital adjustment.

Page 13


		HEWER GROUP HOLDINGS LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

	Called up share capital	Share premium account	Other reserves	Profit and loss account	Total equity
	£	£	£	£	£
Comprehensive income for the period
Loss for the period	-	-	-	(12,714)	(12,714)
Contributions by and distributions to owners
Shares issued during the period	4,410	2,093,397	-	-	2,097,807
Arising from acquisition	-	-	(2,070,815)	-	(2,070,815)
Total transactions with owners	4,410	2,093,397	(2,070,815)	-	26,992

At 1 August 2024	4,410	2,093,397	(2,070,815)	(12,714)	14,278
Comprehensive income for the period
Profit for the year	-	-	-	538,281	538,281
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(83,071)	(83,071)
At 31 July 2025	4,410	2,093,397	(2,070,815)	442,496	469,488

The notes on pages 18 to 38 form part of these financial statements.

Page 14

HEWER GROUP HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	790,181	57,450
Adjustments for:
Amortisation of intangible assets	34,259	2,585
Depreciation of tangible assets	119,695	6,895
Loss on disposal of tangible assets	4,928	-
Interest paid	154,751	-
Interest received	(21,337)	-
Taxation charge	230,708	19,150
(Increase) in stocks	(7,375)	(10,909)
Decrease/(increase) in debtors	872,229	(4,495,151)
(Decrease)/increase in creditors	(393,294)	4,452,977
Share of operating (loss)/profit in associates	(7,420)	-
Corporation tax (paid)/received	(314,103)	-
Net cash generated from operating activities	1,463,222	32,997

Cash flows from investing activities
Purchase of tangible fixed assets	(112,637)	-
Sale of tangible fixed assets	(4,124)	-
Acquisition of Hewer Group and cash acquired	-	(1,410,519)
Purchase of shares in associate (Heat Saviour)	(100,000)	-
Interest received	13,917	-
HP interest paid	(11,667)	-
Share of operating profit in associate	7,420	-
Net cash from investing activities	(207,091)	(1,410,519)
Cash flows from financing activities
Loan notes issued	-	897,807
Proceeds from new bank loan to fund acquisition	-	750,000
Repayment of loans	(378,140)	-
Repayment of/new finance leases	(3,676)	-
Dividends paid	(83,071)	-
Interest paid	(143,084)	(13,370)
Net cash used in financing activities	(607,971)	1,634,437
Net increase in cash and cash equivalents	648,160	256,915
Cash and cash equivalents at beginning of year	256,915	-

Page 15

HEWER GROUP HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2025

		2025	2024
		£	£

Cash and cash equivalents at the end of year	905,075	256,915

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	906,911	256,915
Bank overdrafts	(1,836)	-
	905,075	256,915

The notes on pages 18 to 38 form part of these financial statements.

Page 16

HEWER GROUP HOLDINGS LIMITED

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 JULY 2025


At 1 August 2024	Cash flows	Purchase of shares in associate	At 31 July 2025
£	£	£	£

Cash at bank and in hand	256,915	749,996	(100,000)	906,911
Bank overdrafts	-	(1,836)	-	(1,836)
Debt due after 1 year	(908,505)	575,456	-	(333,049)
Debt due within 1 year	(327,783)	(197,532)	-	(525,315)
Related derivatives	-	3,676	-	3,676
Finance leases	(93,071)	3,676	-	(89,395)
	(1,072,444)	1,137,112	(100,000)	(35,332)

The notes on pages 18 to 38 form part of these financial statements.

Page 17

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Hewer Group Holdings Limited ("the company") is a private limited company domiciled and incorporated in England and Wales. The registered office is Chargrove House, Shurdington Road, Cheltenham Gloucestershire, GL51 4GA.

The Company's principal trading office is Unit G1 Aquarius Centre, Edison Close, Quedgeley, Gloucester,
Gloucestershire, GL2 2FN.

The principal activity of the Parent company is that of a holding company.

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 Group management to exercise judgement in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

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.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 25 January 2024.

Page 18

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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:

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 Group 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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.

Page 19

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 20

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life.

Other 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.

The estimated useful lives range as follows:

Goodwill

years

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2% straight line
Plant and machinery	-	25% on cost
Motor vehicles	-	25% on reducing balance
Fixtures and fittings	-	33% on reducing balance
Computer equipment	-	33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 21

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.12

Associates and joint ventures

An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control.

An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.

In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated Statement of Comprehensive Income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated Balance Sheet, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition.

Any premium on acquisition is dealt with in accordance with the goodwill policy.

2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.14

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.

2.15

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.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.16

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.

Page 22

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.17

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.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

2.18

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 23

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.19

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs in the contract is obtained in a subsequent period.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

2.20

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.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Page 24

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Turnover

External sales	22,532,034	1,801,897
	22,532,034	1,801,897

All turnover arose within the United Kingdom.

Depreciation on owned tangible fixed assets	119,695	6,894
Cost of materials recognised as an expense	8,574,313	669,970
Amortisation of goodwiill	34,259	2,584

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

4,000

3,250

Fees payable to the Company's auditors in connection with the Group's subsidiaries:
Accounts preparation services	2,500	2,500
Audit of the Group's subsidiaries	13,750	13,750
Taxation compliance services	1,700	1,700

Page 25

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

7.	Employees
	Staff costs, including Directors' remuneration, were as follows:

		Group	Group
		2025	2024
		£	£


Wages and salaries	6,070,959	522,172
Social security costs	651,148	1,041
Cost of defined contribution scheme	304,274	-
	7,026,381	523,213

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

	31 July	31 July
	2025	2024
	No.	No.

Directors	5	5
Administration	50	42
Contracts and maintenance	86	97

	141	144

The Company has no employees other than the Directors, who did not receive any remuneration (2024 - £NIL)

8.	Directors' remuneration
		31 July 2025	1 month period to 31 July2024
		£	£


Directors' remuneration	206,101	15,069
Company contributions to defined contribution pension schemes	64,466	12,101
	270,567	27,170

In the financial year ended 31 July 2025, the highest paid Director received remuneration of £106,407 and received pension contributions of £63,145.

Page 26

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

	Other interest receivable	13,917	-
		13,917	-

Bank interest payable	88,084	8,860
Other loan interest payable	7,179	1,157
Finance leases and hire purchase contracts	11,667	966
Other interest payable	47,821	2,387
	154,751	13,370

Page 27

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Corporation tax
Current tax on profits for the year	318,998	19,150
Adjustments in respect of previous periods	(87,073)	-
	231,925	19,150

Total current tax	231,925	19,150

Deferred tax
Origination and reversal of timing differences	(1,217)	-
Total deferred tax	(1,217)	-


		230,708	19,150

Page 28

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

11.Taxation (continued)

Profit on ordinary activities before tax

1,020,888

76,600

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	255,222	19,150
Effects of:
Other tax adjustments	62,559	-
Adjustments to tax charge in respect of prior periods	(87,073)	-
Total tax charge for the year/period	230,708	19,150

Factors that may affect future tax charges

There are no factors which currently may affect future tax charges.

Page 29

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

12.	Intangible assets
	Group

		Goodwill
		£

	At 1 August 2024	342,589
	At 31 July 2025	342,589

	At 1 August 2024	2,585
	Charge for the period	34,259
	At 31 July 2025	36,844
	Net book value
	At 31 July 2025	305,745
	At 31 July 2024	340,004

Group (Consolidated Financial Statements):
In June 2024, the Group acquired Hewer Group Limited as part of a Management Buy Out. The consideration was split between cash, the waiver of a director’s loan held within Hewer Facilities Management Limited and the issue of loan notes in Hewer Group Holdings Limited. The full amount of consideration was used to calculate goodwill.

Company (Parent Company Financial Statements):
The parent company recognised only the cash element of the consideration as the investment value. As a result of waiving the director's loan, a dividend was reclassified as a capital adjustment, reducing the carrying amount in the investment.

Page 30


		HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

	13.	Tangible fixed assets
		Group

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment
	£	£	£	£	£
Cost or valuation
At 1 August 2024	1,123,152	76,070	263,560	206,951	120,468
Additions	-	17,751	70,871	10,049	13,966
Disposals	-	-	(10,968)	-	(930)
At 31 July 2025	1,123,152	93,821	323,463	217,000	133,504
Depreciation
At 1 August 2024	123,153	57,467	157,580	86,203	84,097
Charge for the period	17,593	10,938	31,255	38,376	21,533
Disposals	-	-	(10,164)	-	(930)
At 31 July 2025	140,746	68,405	178,671	124,579	104,700
Net book value
At 31 July 2025	982,406	25,416	144,792	92,421	28,804
At 31 July 2024	999,999	18,604	105,979	120,748	36,371

Page 31

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

13.Tangible fixed assets (continued)

		Total
		£
	Cost or valuation
	At 1 August 2024	1,790,201
	Additions	112,637
	Disposals	(11,898)
	At 31 July 2025	1,890,940
	Depreciation
	At 1 August 2024	508,500
	Charge for the period	119,695
	Disposals	(11,094)
	At 31 July 2025	617,101
	Net book value
	At 31 July 2025	1,273,839
	At 31 July 2024	1,281,701

As part of accounting for the acquisition of Hewer Group in 2024,, a Freehold Property held in Hewer Group Limited was fair valued at £1,000,000 in accordance with FRS 102 Section 19 and recognised at this amount in the consolidated accounts.

Page 32

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

14.	Fixed asset investments
	Group

		Investments in associates
		£
	Cost or valuation
	Additions	100,000
	Share of profit/(loss)	7,420
	At 31 July 2025	107,420

During the year, the Group acquired a 49% equity interest in Heat Saviour Limited for consideration of £100,000. Heat Saviour Limited is a private company incorporated in England and Wales and is engaged in the development and supply of energy-efficient heating solutions.

The investment in Heat Saviour Limited has been accounted for using the equity method in accordance with Section 14 of FRS 102 Groups and Associates. Under the equity method, the investment is initially recognised at cost and subsequently adjusted for the Company's share of the post-acquisition profits or losses and other comprehensive income of the associate.

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 August 2024	1,597,807
	At 31 July 2025	1,597,807

Page 33

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Direct subsidiary undertaking
The following was a direct subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Hewer Group Limited

Chargrove House, Shurdington Road, Cheltenham, Gloucestershire, GL51 4GA

Ordinary

100%

	The aggregate of the share capital and reserves as at 31 July 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Profit/(Loss)

Hewer Group Limited

620,319

Indirect subsidiary undertaking
The following was an indirect subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Hewer Facilities Management Limited

Chargrove House, Shurdington Road, Cheltenham, Gloucestershire, GL51 4GA

Ordinary

100%

	The aggregate of the share capital and reserves as at 31 July 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Profit/(Loss)

Hewer Facilities Management Limited

864,622

15.	Stocks
		Group	Group
		2025	2024
		£	£

Consumables	18,284	10,909
	18,284	10,909

16.

Debtors

		Group	Group	Company	Company
		2025	2024	2025	2024

Page 34

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

16.Debtors (continued)


Trade debtors	2,140,477	2,340,575	-	-
Other debtors	289,000	514,789	87,677	76,992
Prepayments and accrued income	188,006	149,197	-	-
Amounts recoverable on long-term contracts	703,899	1,189,049	-	-
	3,321,382	4,193,610	87,677	76,992

17.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Cash at bank and in hand	906,911	256,915	64,660	19,627
Less: bank overdrafts	(1,836)	-	-	-
	905,075	256,915	64,660	19,627

18.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank overdrafts	1,836	-	-	-
Bank loans	307,735	327,783	285,615	226,162
Trade creditors	1,613,480	2,056,964	-	-
Amounts owed to group undertakings	-	-	3,750	-
Corporation tax	163,156	245,334	-	-
Other taxation and social security	505,988	429,489	-	-
Obligations under finance lease and hire purchase contracts	46,942	57,129	-	-
Other creditors	659,329	547,588	229,561	230,000
Accruals and deferred income	238,088	197,015	5,681	6,489
	3,536,554	3,861,302	524,607	462,651

As part of the acquisition of Hewer Group Limited, the Company issued unsecured loan notes to a shareholder as partial consideration for the purchase of shares. These loan notes are repayable over a period of five years and are included within other creditors.

Page 35

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

19.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank loans	550,413	908,505	217,364	499,690
Net obligations under finance leases and hire purchase contracts	42,453	35,942	-	-
Other creditors	538,685	717,807	538,685	717,807
	1,131,551	1,662,254	756,049	1,217,497

The Company (Hewer Group Holdings Limited) has a £750,000 loan with Lloyds bank plc, to provide funding in order to carry out the acquisition of Hewer Group Limited (and its subsidiary undertakings), as part of the MBO transaction noted in Note 13 to the financial statements. The loan is secured by fixed and floating charges over the undertaking and all property and assets. Repayment of the loan begins from the date of drawdown and the interest rate on the loan is base rate plus 4.6%.

Group Consolidated Financial Statements
Included in bank borrowings of Hewer Group Limited are two loans. The first loan is repayable in monthly installments of 240 months and incurs interest at the lenders base rate plus a margin of 3%. The secondary loan is a fixed rate for the first 10 years of 4.38%, and subsequently reverts to the lenders base rate plus 3% for the remaining 10 years, this loan is also repayable in monthly installments. The loans are secured by a first legal charge over the property.

During the year, Hewer Facilities Management Limited settled its Coronavirus Business Interruption Loan (CBIL) in full.

20.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group	Group
		2025	2024
		£	£

Within one year	46,942	57,129
Between 1-5 years	42,452	35,942
	89,394	93,071

Page 36

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

21.	Deferred taxation
	Group

		2025
		£

	At beginning of year	(60,871)
	Charged to profit or loss	1,217
	At end of year	(59,654)

Company

		2025

	At end of year	-

		Group	Group
		2025	2024
		£	£

	Deferred tax arising on acquisition - fair value of property	(59,654)	(60,871)
		(59,654)	(60,871)

22.

Reserves

Share premium account

The share premium reserve represents the amount received by the company on the issue of shares that exceeds the nominal value of those shares.

Other reserves

Within the consolidated balance sheet, the other reserve reflects the difference between the shares issued by the parent company to buy the group and the value of the group’s net assets at the date of the acquisition. The reserve is non-distributable.

In the parent company balance sheet, the other reserve arose on acquisition of Hewer Group Limited and represents the difference between the value of shares issued and the amount capitalised as an investment, reflecting consideration settled through a share-for-share exchange and balances waived by group entities. The reserve is non-distributable.

Profit and loss account

This reserve records retained earnings and accumulated losses.

Page 37

HEWER GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

23.	Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £141,012. Contributions totaling £30,224 were payable to the fund at the balance sheet date and are included in creditors.

24.	Commitments under operating leases
	At 31 July 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group
		2025	2024
		£	£

Not later than 1 year	401,068	400,913
Later than 1 year and not later than 5 years	465,361	449,328
	866,429	850,241

25.

Related party transactions

The Group has taken advantage of the exemption available under Section 33 1A of Financial Reporting Standard 102, not to disclose transactions with other wholly owned members of the Group.

The directors of the Parent and Subsidiary are also members of Hewer Property LLP. No transactions were entered into by the Company during the period. As at 31 July 2025, there is a balances due to the Company's subsidiary from Hewer Property LLP of £18,906.

26.	Controlling party

There is not one individual controlling party of Hewer Group Holdings Limited.

Page 38