ACCOUNTS - Final Accounts

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

Registered number: 08953594

LEWIS & GRAVES PARTNERSHIP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

LEWIS & GRAVES PARTNERSHIP LIMITED

COMPANY INFORMATION

Directors	P D Atkinson
	E J Bolton


Registered number	08953594


Registered office	Riding Court House
	Riding Court Road
	Datchet
	Berkshire
	England
	SL3 9JT


Independent auditors	Hillier Hopkins LLP
	Chartered Accountants & Statutory Auditor
	Ground Floor
	45 Pall Mall
	London
	SW1Y 5JG

LEWIS & GRAVES PARTNERSHIP LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Statement of financial position	9
Statement of changes in equity	10
Notes to the financial statements	11 - 24

LEWIS & GRAVES PARTNERSHIP LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction

The directors present their strategic report and the financial statements for the year ended 31 December 2024.

Financial key performance Indicators

In managing the business the directors monitor the results against previous years through monthly management reports and snapshots of the trading result following each period end.

The key performance indicators for the year to 31 December 2024 were:

2024 2023
Turnover (year on year) (82%) 5.9%
Gross profit margin 16% 15%
Pre-tax profit as % of sales (2%) 7%

Future developments:

The company has transferred the trade and assets out of the business and therefore it is expected that the company will be dissolved in the future.

This report was approved by the board on 5 August 2026 and signed on its behalf.

P D Atkinson

Director

Page 1

LEWIS & GRAVES PARTNERSHIP LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

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

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

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

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The (loss)/profit for the year, after taxation, amounted to £(55,538) (2023 - £1,049,206 profit)

During the year, the Company paid dividends of £Nil (2023 - £3,000,000).

Business review

Enter directors(s) review of the business here...

Directors

The directors who served during the year were:

R W Empson (resigned 24 March 2025)

N J Earley (resigned 24 March 2025)

The following directors have been appointed after the year end:
P D Atkinson (appointed 24 March 2025)
E J Bolton (appointed 24 March 2025)

Employee Involvement

The directors recognise that employees are fundamental to the Company's success and are committed to the involvement and development of employees at all levels.

Page 2

LEWIS & GRAVES PARTNERSHIP LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Principal risks and uncertainties

The directors recognise that employees are fundamental to the Company's success and are committed to the involvement and development of employees at all levels.

Disabled employees

The Company gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the Company's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

Disclosure of information to auditors

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

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

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

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

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

This report was approved by the board on 5 August 2026 and signed on its behalf.

P D Atkinson

Director

Page 3

LEWIS & GRAVES PARTNERSHIP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEWIS & GRAVES PARTNERSHIP LIMITED

Opinion

We have audited the financial statements of Lewis & Graves Partnership Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its loss for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter - financial statements prepared on a basis other than going concern

Without qualifying our opinion, we draw attention to the basis of preparation set out in note 2.1 to the financial statements. Accounting standards require that financial statements are drawn up on the going concern basis unless it is considered unlikely that the company will continue operating for the forseeable future. On the basis that the directors considered that it is more likely than not that the company wil cease its operations and be dissolved within the forthcoming twelve months, the financial statements have been drawn up on a basis other than going concern, as set out in note 2.1. Our opnion is not qualiied in this respect.

Our responsibilities and the responsibilities of the directors with respect to goign concern are described in the relevant sections of this report.

Page 4

LEWIS & GRAVES PARTNERSHIP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEWIS & GRAVES PARTNERSHIP LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 5

LEWIS & GRAVES PARTNERSHIP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEWIS & GRAVES PARTNERSHIP LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these 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:

∙the nature of the industry and sector, control environment and business performance including the remuneration incentives and pressures of key management;

∙the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. We consider the results of our enquiries of management about their own identification and assessment of the risks of irregularities;

∙any matters we identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to:

°identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

°detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

°the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

∙the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Page 6

LEWIS & GRAVES PARTNERSHIP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LEWIS & GRAVES PARTNERSHIP LIMITED (CONTINUED)

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and relevant tax legislation.

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

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

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.

Michael Jacoby FCA (Senior statutory auditor)

for and on behalf of

Hillier Hopkins LLP

Chartered Accountants & Statutory Auditor

Ground Floor

45 Pall Mall

London

SW1Y 5JG

5 August 2026

Page 7

LEWIS & GRAVES PARTNERSHIP LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£


Turnover	4	3,580,289	19,551,348
Cost of sales		(3,013,217)	(16,619,743)
Gross profit		567,072	2,931,605
Administrative expenses		(644,682)	(1,561,970)
Operating (loss)/profit	5	(77,610)	1,369,635
Interest receivable and similar income	8	12,483	11,804
Interest payable and similar expenses	9	(7,634)	(18,747)
(Loss)/profit before tax		(72,761)	1,362,692
Tax on (loss)/profit	10	17,223	(313,486)
(Loss)/profit for the financial year		(55,538)	1,049,206

Total comprehensive income for the year

(55,538)

1,049,206

The notes on pages 11 to 24 form part of these financial statements.

Page 8

LEWIS & GRAVES PARTNERSHIP LIMITED

REGISTERED NUMBER: 08953594

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	12		-		5,000
Tangible assets	13		-		140,405
Investments	14		-		100
			-		145,505
Current assets
Stocks	15	-		58,310
Debtors: amounts falling due within one year	16	402,659		2,532,270
Cash at bank and in hand	17	11,284		1,603,057
		413,943		4,193,637
Creditors: amounts falling due within one year	18	(131,197)		(3,965,757)
Net current assets			282,746		227,880
Total assets less current liabilities			282,746		373,385
Provisions for liabilities
Deferred tax	20		-		(35,101)
Net assets			282,746		338,284

Capital and reserves
Called up share capital	21	200	200
Profit and loss account		282,546	338,084
		282,746	338,284

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2026.

P D Atkinson

Director

The notes on pages 11 to 24 form part of these financial statements.

Page 9

LEWIS & GRAVES PARTNERSHIP LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	200	2,288,878	2,289,078
Comprehensive income for the year
Profit for the year	-	1,049,206	1,049,206
Dividends: Equity capital	-	(3,000,000)	(3,000,000)

At 1 January 2024	200	338,084	338,284
Comprehensive income for the year
Loss for the year	-	(55,538)	(55,538)
At 31 December 2024	200	282,546	282,746

The notes on pages 11 to 24 form part of these financial statements.

Page 10

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Lewis & Graves Partnership Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Riding Court House, Riding Court Road, Datchet, Berkshire, England, SL3 9JT.

The principal activity of the Company during the year was the provision of cleaning services.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Following a group restructure, the trade of the Company has been transferred into other group companies. As a result, the Directors have no future plans for the Company and have ceased operations of the Company.

The Directors, therefore, do not consider that the going concern basis is appropriate for these financial statements and have instead prepared the financial statements on a basis other than going concern. This basis included all assets at their recoverable amounts rather than their historical costs; and makes provisions for the costs of disposals of the assets. All assets and liabilities are treated as recoverable and payable within one year.

The following principal accounting policies have been applied:

2.2

Cashflow exemption

The Company has taken exemption from producing a cashflow as it is included in the ultimate parent company's consolidated financial statements.

2.3

Turnover

Turnover represents the amounts invoiced or accrued for goods and services provided during the period, exclusive of Value Added Tax. Turnover is recognised on a straight line basis over the length of the contract, unless the goods and services could not be provided in the period. Turnover is also recognised when an additional service is supplied.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

2.5

Interest income

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

Page 11

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Finance costs

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

2.7

Pensions

Defined contribution pension plan

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

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

2.8

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 reporting date in the countries where the Company operates and generates income.

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

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

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

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

Page 12

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of the business combination and the acquirers interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumu'ated amortisation and accumulated losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life, which is deemed to be 10 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	25%	reducing balance

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

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.12

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 reporting 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 the Statement of comprehensive income.

Page 13

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.13

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.

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

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

2.17

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable. loans from banks and loans to related parties.

2.18

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.

2.19

Bad debt provision

Bad debt provision is made based on the Company's assessment of the year end trade debtors and their knowledge of the clients and their ability to repay amounts that are due.

Page 14

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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

The Company operates a cleaning service where there is no material risk in respect of non-collection of amounts receivable. The head office site is held under an operating lease and there is no current risk of onerous lease commitments being recognised.

Due to the simplicity of the Company's transaction streams and year end financial position. the directors consider there to be no critical judgements estimates or assumptions in the preparation of these financial statements.

United Kingdom	3,580,289	19,551,348
	3,580,289	19,551,348

Depreciation of tangible fixed assets	41,891	47,263
Amortisation of intangible assets	5,000	20,000
Other operating lease rentals	53,148	-
Defined contribution pension cost	13,395	451,730
Rent - operating leases	53,148	82,176

6.	Auditors' remuneration
		2024	2023
		£	£

Fees payable to the Company's auditor and its associates for the audit of the Company's annual accounts

14,000

Page 15

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Wages and salaries	3,008,838	15,165,562
Social security costs	31,140	784,092
Cost of defined contribution scheme	13,395	451,730
	3,053,373	16,401,384

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

	2024	2023
	No.	No.

Directors	2	2
Operational	215	1,184
Administrative	3	14

	220	1,200

8.	Interest receivable
		2024	2023
		£	£

	Other interest receivable	12,483	11,804
		12,483	11,804

Page 16

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Interest payable and similar expenses
		2024	2023
		£	£

Invoice discounting interest payable	1,500	18,747
Other interest payable	6,134	-
	7,634	18,747

Corporation tax
Current tax on profits for the year	17,878	309,695
Adjustments in respect of previous periods	-	1,735
	17,878	311,430

Total current tax	17,878	311,430

Deferred tax
Deferred tax charge	(35,101)	2,056
Total deferred tax	(35,101)	2,056


		(17,223)	313,486

Page 17

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.Taxation (continued)

(Loss)/profit on ordinary activities before tax

(72,761)

1,362,692

(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%)	(18,190)	258,911
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	1,443	6,053
Fixed assets depreciation and disposals	-	(8,850)
Remeasurement of deferred tax for changes in tax rates	-	2,056
Adjustments to tax charge in respect of prior periods	-	1,735
Other differences leading to an increase in the tax charge	(476)	(5,942)
Increase in corporation in tax rate	-	59,523
Total tax charge for the year	(17,223)	313,486

Factors that may affect future tax charges

There are no significant factors that may materially affect future tax charges.

11.	Dividends
		2024	2023
		£	£

	Dividends paid in the year/period	-	3,000,000
		-	3,000,000

The directors (2022 - former directors) had an interest in the dividends declared of £Nil (2023 - £3,000,000).

Page 18

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.	Intangible assets

		Goodwill
		£

	At 1 January 2024	200,000
	Disposals	(200,000)
	At 31 December 2024	-

	At 1 January 2024	195,000
	Charge for the year on owned assets	5,000
	On disposals	(200,000)
	At 31 December 2024	-
	Net book value
	At 31 December 2024	-
	At 31 December 2023	5,000

Page 19

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost
At 1 January 2024	156,253	14,857	59,510	230,620
Transfers intra group	(90,368)	(8,744)	(32,994)	(132,106)
Disposals	(65,885)	(6,113)	(26,516)	(98,514)
At 31 December 2024	-	-	-	-

At 1 January 2024	60,648	6,059	23,508	90,215
Charge for the year on owned assets	29,720	2,685	9,486	41,891
Transfers intra group	(90,368)	(8,744)	(32,994)	(132,106)
At 31 December 2024	-	-	-	-
Net book value
At 31 December 2024	-	-	-	-
At 31 December 2023	95,605	8,798	36,002	140,405

Page 20

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

14.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	100
	Disposals	(100)
	At 31 December 2024	-

15.	Stocks
		2024	2023
		£	£

Cleaning supplies	-	58,310
	-	58,310

Subsidiary undertaking

The following undertaking of the Company:

Name Class of shares Holding
Lewis & Graves Management Services Company Limited Ordinary 100%

On 28 February 2024, the shares in Lewis & Graves Management Services Company Limited were transferred intra-group to Atlas FM Group Limited.

Page 21

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16.

Debtors

					2024	2023
					£	£


Trade debtors	-	1,887,617
Amounts owed by group companies	397,619	594,165
Other debtors	5,040	5,040
Prepayments and accrued income	-	45,448
	402,659	2,532,270

Bad debt provision is made based on the Company's assessment of the year end trade debtors and their knowledge of the clients and their ability to repay amounts that are due.

17.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	11,284	1,603,057
	11,284	1,603,057

18.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	9,523	84,455
Amounts owed to group undertakings	-	3,002,380
Corporation tax	42,748	3,030
Other taxation and social security	78,926	674,513
Other creditors	-	89,719
Accruals and deferred income	-	111,660
	131,197	3,965,757

The company has an invoice discounting facility secured by a charge on its assets. The balance owed to

the finance provider at the year end was £Nil (2023 - £Nil).

Page 22

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

19.	Financial instruments
		2024	2023
		£	£

Financial assets
Financial assets measured at fair value through profit or loss	11,284	1,603,057
Financial assets that are debt instruments measured at amortised cost	11,284	2,486,822
	22,568	4,089,879

	Financial liabilities
	Financial liabilities measured at amortised cost	-	962,727

	Financial assets measured at fair value through profit or loss comprise cash and cash equivalents. Financial assets measured at amortised cost comprise trade debtors, amounts owed from related undertakings and other debtors.
	Financial liabilities measured at amortised cost comprise trade creditors, amounts owed to subsidiaries, accruals and other creditors.

20.	Deferred taxation

	2024	2023
	£	£

At beginning of year	35,101	33,045
Charged to the Statement of comprehensive income	-	2,056
Utilised in year	35,101	-
At end of year	-	35,101

The deferred taxation balance is made up as follows:
	2024	2023
	£	£

	Accelerated capital allowances	-	35,101
		-	35,101

Page 23

LEWIS & GRAVES PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

21.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

200 Ordinary shares of £1 each	200	200

The ordinary shares have full voting, dividend and capital distribution rights attached to them.

On 28/02/2024, 200 Ordinary shares were transferred to Atlas FM Group Limited from Atlas FM Limited

22.	Related party transactions
	The Company has taken advantage of the exemption in FRS 102 Section 33: Related party disclosures from the requirement to disclose transactions with other wholly owned group companies. The directors consider that the only key management personnel of the Company are the directors.There was no key management personnel remuneration during the year (2023 - £Nil).

23.	Controlling party

The ultimate parent company is Atlas FM Group Limited, a company incorporated in England and Wales. That company has prepared group accounts for the year ended 31 December 2024. Consolidated accounts for Atlas FM Group Limited are available from the registered office, located at Riding Court House, Riding Court Road, Datchet, Berkshire, SL3 9JT. This is the only company in the group which prepares consolidated accounts.

Up to October 2024 the directors of Atlas FM Group Limited were of the opinion that N J Earley and R W Empson, former directors, were the ultimate controlling parties.

From 29 October 2024, the Atlas FM Group Employee Ownership Trust purchased 100% of the share capital of Atlas FM Group Limited to become the controlling party. The ultimate controlling party subsequently became Zedra Trust Company (Guernsey) Limited, which is the Trustee of the Atlas FM Group Employee Ownership Trust.

Page 24