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REGISTERED NUMBER: 12768414 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ESTEL ENGINEERING UK LIMITED

ESTEL ENGINEERING UK LIMITED (REGISTERED NUMBER: 12768414) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| ESTEL ENGINEERING UK LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTOR: | A Ballester

| REGISTERED OFFICE: | 40 High Street

| Northwood

| Middlesex

| HA6 1BN

| REGISTERED NUMBER: | 12768414 (England and Wales)

| AUDITORS: | Price Bailey LLP

| Chartered Accountants

| Statutory Auditors

| Tennyson House

| Cambridge Business Park

| Cambridge

| CB4 0WZ

ESTEL ENGINEERING UK LIMITED (REGISTERED NUMBER: 12768414) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 345,945 |  | 276,330 |  |

Cash at bank and in hand | 31,798 |  | 31,084 |  |

377,743 |  | 307,414 |  |

CREDITORS

Amounts falling due within one year | 5 | 290,059 |  | 229,520 |  |

NET CURRENT ASSETS | 87,684 |  | 77,894 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 87,684 |  | 77,894 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | 87,683 |  | 77,893 |  |

SHAREHOLDERS' FUNDS | 87,684 |  | 77,894 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 August 2026 and were signed by:

A Ballester - Director

ESTEL ENGINEERING UK LIMITED (REGISTERED NUMBER: 12768414) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Estel Engineering UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company is a wholly owned subsidiary of Estel Ingenieria Y Obras, S.A. ("parent company"), a company registered in Spain. The principal activity of the company is to carry out electrical works to commercial properties and its main customer and supplier is its parent company. All the work carried out during the year by the company was on behalf of the parent company which decides the value of the sales that the company bills to the parent company. In addition, the company purchased significant amounts of electrical materials from the parent company. As the parent company finances the company's operations, the amounts owed by/to the parent company in respect of sales and purchases are offset and the net amount owed by the parent company at the year-end was £262,521. Accordingly, the director considers that it is appropriate to continue preparing the financial statements on a going concern basis.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

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

| Debtors/creditors under one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

| Cash and cash equivalent

| Cash and cash equivalent include cash in hand and deposits held at call with bank.

| Taxation

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

| Current or deferred taxation assets and liabilities are not discounted.

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

ESTEL ENGINEERING UK LIMITED (REGISTERED NUMBER: 12768414) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

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

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

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

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 2 ).

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 79,164 |  | 3,099 |  |

| Amounts owed by group undertakings | 262,521 |  | 159,050 |  |

| Other debtors | 3,156 |  | 176 |  |

| Deposits | 896 |  | 12,702 |  |

| VAT | 208 |  | - |  |

| Prepayments and accrued income | - |  | 101,303 |  |

345,945 |  | 276,330 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,651 |  | 3,682 |  |

| Tax | 3,264 |  | 4,349 |  |

| VAT | - |  | 396 |  |

| Other creditors | 104 |  | 1,846 |  |

| Accruals and deferred income | 285,040 |  | 219,247 |  |

290,059 |  | 229,520 |  |

ESTEL ENGINEERING UK LIMITED (REGISTERED NUMBER: 12768414) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | - |  | 16,500 |  |

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £Nil (2024: £16,500).The amounts in prior year are in relation to commitments under operating leases.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Martin Clapson (Senior Statutory Auditor)

| for and on behalf of Price Bailey LLP

9. | ULTIMATE PARENT COMPANY

| The company's parent company is Estel Ingenieria Y Obras, S.A., a company registered in Spain with its registered office at Calle Ada Byron, 07121 Palma de Mallorca, Spain.