Company registration number 05009594 (England and Wales)
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
COMPANY INFORMATION
Directors
David Davies
Benjamin Evans
Secretary
Infrastructure Managers Limited
Company number
05009594
Registered office
8th Floor
6 Kean Street
London
WC2B 4AS
Independent auditors
Johnston Carmichael LLP
Statutory Auditor
7-11 Melville Street
Edinburgh
EH3 7PE
Bankers
Barclays Bank Plc
1 Churchill Place
London
E14 5HP
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
CONTENTS
Page
Directors' report
1 - 2
Directors' responsibilities statement
3
Independent auditors' report
4 - 7
Group statement of comprehensive income
8
Group statement of financial position
9
Company statement of financial position
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 26
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present their annual report and the audited consolidated financial statements of H & D Support Services (Holdings) Limited ("the Company") for the year ended 31 December 2025.

Principal activities

H & D Support Services (Holdings) Limited ("the Company") is a Holding Company whose sole business is the holding of investments in its subsidiary undertakings as described below (together "the Group").

The principal activity of the Group during the year is the provision of a divisional headquarters in Kent, together with a 40 cell custody suite and associated facilities management. The Agreement is for a term of 28 years and was entered into with Kent Police Authority (the authority). The Group is currently in year 18 of the concession, ending in 2035. The principal activity of the Company is that of an investment holding company.

Results and dividends

The results for the year are set out on page 8.

The Group's profit for the financial year, after taxation, amounted to £590,628 (2024: profit of £362,403).

The directors are satisfied with the overall performance of the Group and do not foresee any significant change in the Group's activities in the coming financial year.

Ordinary dividends were paid amounting to £nil (2024: £nil). The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

David Davies
Benjamin Evans
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Financial instruments
Financial risk

D ue to the nature of the Group's business, the financial risks the directors consider relevant to this Group are interest rate, cashflow and liquidity risk. The c ashflow risks are not considered significant as the income is ultimately derived from quasi governmental organisations.

Interest rate risk

The financial risk management objective of the Group is to ensure that financial risks are mitigated by the use of financial instruments where they cannot be addressed by means of contractual provisions. Financial instruments are not used for speculative purposes. Interest rate swaps are in place for notional principal amounts equating to the full value of the expected bank debt that is at a variable rate of interest to give an effective fixed interest rate payable on this debt.

Liquidity risk

The Group's liquidity risk is principally managed through financing the Group by means of long-term borrowings.

Independent auditors

The independent auditors, Johnston Carmichael LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Statement of disclosure to auditors

In the case of each director in office at the date the Directors' Report is approved:

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

- they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Key Performance Indicators

The performance of the Group from a cash perspective is assessed six monthly by the testing of the covenants of the senior debt provider. The key indicator being the debt service cover ratio. The Company has been performing well and has been compliant with the covenants laid out in the Group loan agreement.

Lifecycle risk

The company's lifecycle risk is held by the SPV. In order to ensure costs are recorded in the year in which they are incurred, routing monitoring is carried out on lifecycle costs, this compares actual spend to a pre-approved plan.

Climate Change

The directors recognise that it is important to disclose their view of the impact of climate change on the Group. As a holding company, the Company itself does not trade. The Company's investments have key operational contracts that are long-term and with a small number of known counterparties. In most cases, the cashflows from these contracts can be predicted with reasonable certainty for at least the medium-term. Having considered the operations of investments, their contracted rights and obligations, and forecast cash flows, there is not expected to be a significant impact upon the Group's operational or financial performance arising from climate change.

Going Concern

These financial statements have been prepared on the going concern basis for the reasons set out in the Accounting Policies.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. Exemption has also been taken from the requirement to prepare a Strategic Report.

This report was approved by the board of directors on 30 June 2026 and signed by order of the board by:
Steve Cooper
For and on behalf of Infrastructure Managers Limited
Secretary
30 June 2026
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors are responsible for preparing the Annual Report and 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 prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A, and applicable law).

Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable U nited K ingdom Accounting Standards,comprising FRS 102 Section 1A have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

They are also responsible for safeguarding the assets of the group and company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company, and enable them to ensure that the financial statements comply with the Companies Act 2006.

The financial statements were approved and signed by the They and authorised for issue on 30 June 2026

David Davies

Director

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF H & D SUPPORT SERVICES (HOLDINGS) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
Opinion

We have audited the financial statements of H & D Support Services (Holdings) Limited (‘the parent company’) and its subsidiaries (‘the group’) for the year ended 31 December 2025, w hich comprise the Consolidated s tatement of c omprehensive i ncome, Consolidated s tatement of f inancial p osition, Company s tatement of f inancial p osition, Consolidated s tatement of c hanges in e quity, Company s tatement of c hanges in e quity, Consolidated s tatement of c ash f lows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- Give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 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 Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the Annual Report and Consolidated Financial Statements other than the financial statements and our auditor’s report thereon. The Directors are responsible for the other information contained within the Annual Report and Consolidated Financial Statements. 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.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT (CONTINUED)
TO THE MEMBERS OF H & D SUPPORT SERVICES (HOLDINGS) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the Directors' R eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- T he Directors' Report has 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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the Directors' R eport.

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.

- The Directors were not entitled to take advantage of the small companies’ exemption in preparing the Directors’ Report and from the requirement to prepare a Strategic Report.

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 and 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 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 auditor’s 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.

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations by considering their experience, past performance and support available.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT (CONTINUED)
TO THE MEMBERS OF H & D SUPPORT SERVICES (HOLDINGS) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -

All engagement team members were briefed on relevant identified laws and regulations and potential fraud risks at the planning stage of the audit. Engagement team members were reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

We obtained an understanding of the legal and regulatory frameworks that are applicable to the group and the parent company and the sector in which they operate, focusing on those provisions that had a direct effect on the determination of material amounts and disclosures in the financial statements. The most relevant frameworks we identified include:

- Companies Act 2006;

- UK Tax legislation; and

- UK Generally Accepted Accounting Practice.

We gained an understanding of how the group and the parent company are complying with these laws and regulations by making enquiries of management and those charged with governance. We corroborated these enquiries through our review of submitted returns, external inspections, relevant correspondence with regulatory bodies and board meeting minutes.

We assessed the susceptibility of the group’s and parent company’s financial statements to material misstatement, including how fraud might occur, by meeting with management and those charged with governance to understand where it was considered there was susceptibility to fraud. This evaluation also considered how management and those charged with governance were remunerated and whether this provided an incentive for fraudulent activity. We considered the overall control environment and how management and those charged with governance oversee the implementation and operation of controls. In areas of the financial statements where the risks were considered to be higher, we performed procedures to address each identified risk. We identified a heightened fraud risk in relation to:

- Management override of controls

- Revenue recognition

In addition to the above, the following procedures were performed to provide reasonable assurance that the financial statements were free of material fraud or error:

- Reviewing minutes of meetings of those charged with governance for reference to: breaches of laws and regulation or for any indication of any potential litigation and claims; and events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud;

- Reviewing the level of and reasoning behind the group’s and parent company's procurement of legal and professional services;

- Performing audit procedures over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and assessing judgements made by management in their calculation of accounting estimates for potential management bias;

- Recalculating the unitary charge using the method and assumptions set out in the p roject a greement;

- Agreeing a sample of months’ income receipts to invoice and bank statements;

- Performing an assessment on the service margins used in the year and agreeing margins used to the active financial models;

- Reconciling the finance income and amortisation to the finance debtor reconciliation to ensure allocation methodology is in line with the contractual terms and relevant accounting standards;

- Completion of appropriate checklists and use of our experience to assess the group's and parent company’s compliance with the Companies Act 2006; and

- Agreement of the financial statement disclosures to supporting documentation.

Our audit procedures were designed to respond to the risk of material misstatements in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT (CONTINUED)
TO THE MEMBERS OF H & D SUPPORT SERVICES (HOLDINGS) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -

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.

William King (Senior Statutory Auditor)
for and on behalf of Johnston Carmichael LLP
Statutory Auditor
7-11 Melville Street
Edinburgh
EH3 7PE
United Kingdom
30 June 2026
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
2,953,072
3,092,449
Cost of sales
(2,117,317)
(2,166,023)
Gross profit
835,755
926,426
Administrative expenses
(372,048)
(437,105)
Operating profit
463,707
489,321
Interest receivable and similar income
6
975,856
1,070,868
Interest payable and similar expenses
7
(757,352)
(1,024,498)
Profit before taxation
682,211
535,691
Taxation on profit
8
(91,583)
(173,288)
Profit for the financial year
590,628
362,403
Other comprehensive (expense)/income net of taxation
Fair value (loss)/gain on cash flow hedging instruments, net of tax
(15,106)
305,066
Total comprehensive income for the year
575,522
667,469
Total comprehensive income for the year is all attributable to the owners of the parent company.

All of the activities of the group are from continuing operations.

The notes on pages 14 to 26 form part of these financial statements.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
GROUP STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors: amounts falling due within one year
10
3,337,399
3,443,940
Debtors: amounts falling due after more than one year
10
10,236,279
11,281,429
Cash at bank and in hand
3,107,937
2,649,815
16,681,615
17,375,184
Creditors: amounts falling due within one year
11
(3,762,634)
(3,516,935)
Net current assets
12,918,981
13,858,249
Creditors: amounts falling due after more than one year
12
(11,928,144)
(13,442,934)
Net assets
990,837
415,315
Capital and reserves
Called up share capital
17
1,000
1,000
Hedging reserve
(376,188)
(361,082)
Profit and loss reserves
1,366,025
775,397
Total shareholders' funds
990,837
415,315

The notes on pages 14 to 26 form part of these financial statements.

The financial statements were approved by the board of directors and authorised for issue on
30 June 2026
30 June 2026
and are signed on its behalf by:
David Davies
Director
Company registration number 05009594 (England and Wales)
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
15
1,000
1,000
Capital and reserves
Called up share capital
17
1,000
1,000

The notes on pages 14 to 26 form part of these financial statements.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £nil (2024: £nil).

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

The financial statements were approved by the board of directors and authorised for issue on
30 June 2026
30 June 2026
and are signed on its behalf by:
David Davies
Director
Company registration number 05009594 (England and Wales)
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
Called up share capital
Hedging reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2024
1,000
(666,148)
412,994
(252,154)
Year ended 31 December 2024:
Profit for the year
-
-
362,403
362,403
Other comprehensive income:
Fair value movements on cash flow hedging instruments, net of tax
-
305,066
-
305,066
Total comprehensive income for the year
-
305,066
362,403
667,469
Balance at 31 December 2024
1,000
(361,082)
775,397
415,315
Year ended 31 December 2025:
Profit for the year
-
-
590,628
590,628
Other comprehensive expense:
Fair value movements on cash flow hedging instruments, net of tax
-
(15,106)
-
(15,106)
Total comprehensive income for the year
-
(15,106)
590,628
575,522
Balance at 31 December 2025
1,000
(376,188)
1,366,025
990,837
Included in the fair value movement on cash flow hedging instrument is £132,796 (2024: £(118,309)) that was recycled through Interest payable in the Statement of comprehensive income.

The notes on pages 14 to 26 form part of these financial statements.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
Called up share capital
Profit and loss reserve
Total
£
£
£
Balance at 1 January 2024
1,000
-
1,000
Year ended 31 December 2024:
Result for the financial year
-
-
-
0
Balance at 31 December 2024
1,000
-
1,000
Year ended 31 December 2025:
Result for the financial year
-
-
-
0
Balance at 31 December 2025
1,000
-
1,000

The notes on pages 14 to 26 form part of these financial statements.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
18
1,371,023
583,736
Income taxes paid
(62,000)
(45,000)
Net cash inflow from operating activities
1,309,023
538,736
Investing activities
Interest received
975,856
1,070,868
Net cash generated from investing activities
975,856
1,070,868
Financing activities
Repayment of bank loans
(1,130,783)
(1,516,716)
Interest paid
(695,974)
(779,849)
Net cash used in financing activities
(1,826,757)
(2,296,565)
Net increase/(decrease) in cash and cash equivalents
458,122
(686,961)
Cash and cash equivalents at beginning of year
2,649,815
3,336,776
Cash and cash equivalents at end of year
3,107,937
2,649,815

The notes on pages 14 to 26 form part of these financial statements.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
1
Accounting policies
Company information

H & D Support Services (Holdings) Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 8th Floor, 6 Kean Street, London, WC2B 4AS.

The group consists of H & D Support Services (Holdings) Limited and all of its subsidiaries.

The principal activity of the Group during the year is the provision of a divisional headquarters in Kent, together with a 40 cell custody suite and associated facilities management. The Agreement is for a term of 28 years and was entered into with Kent Police Authority (the authority). The Group is currently in year 18 of the concession, ending in 2035. The principal activity of the Group is that of an investment holding company.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below and have been consistently applied to the years presented, unless otherwise stated.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures for the Company;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Not to disclose transactions with wholly owned members of a group.

1.2
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company H & D Support Services (Holdings) Limited together with all entities controlled by the parent company (its subsidiaries).

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The financial statements are prepared on a going concern basis which the directors believe to be appropriate true

for the following reasons.

The Group prepares cash flow forecasts covering the expected life of the asset and so including the 12 month period from the date the financial statements are signed. In drawing up these forecasts, the Directors have made assumptions based upon their view of the current and future economic conditions that will prevail over the forecast period. Based on these forecasts the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.

1.4
Turnover

Turnover represents the services' share of the management services income received by the Group for the

provision of a PFI (Private Finance Initiative) asset to the customer. This income is received over the life of the

concession period. Management service income is allocated between turnover, finance debtor interest and

reimbursement of finance debtor so as to generate a constant rate of return in respect of the finance debtor

over the life of the contract.

1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The Group is obligated to keep cash reserves as at the balance sheet date in respect of requirements in the Group's funding agreements. This restricted cash balance, which is shown within the "cash at bank and in hand" balance amounts to £2,284,394 (2024: £2,391,851).

1.7
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's statement of financial position when the group becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod 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. Financial assets classified as receivable within one year are not amortised.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.9
Hedge accounting

The Group has entered into an arrangement with third parties that is designed to hedge future cash flows arising on variable rate interest loan arrangements, with the net effect of exchanging the cash flows arising under those arrangements for a stream of fixed interest cash flows ("interest rate swaps").

To qualify for hedge accounting, documentation is prepared specifying the hedging strategy, the component transactions and methodology used for effectiveness measurement. Changes in the carrying value of financial instruments that are designated and effective as hedges of future cash flows ("cash flow hedges") are recognised directly in a hedging reserve in equity and any ineffective portion is recognised immediately in the Statement of c omprehensive i ncome. Amounts deferred in equity in respect of cash flow hedges are subsequently recognised in the Statement of c omprehensive i ncome in the same period in which the hedged item affects net profit or loss or the hedging relationship is terminated and the underlying position being hedged has been extinguished.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in the Statement of comprehensive income immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities, and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Finance debtor

The Group has taken the transition exemption in FRS102 Section 35.10(i) that allows the Group to continue the service concession arrangement accounting policies from previous UK GAAP.

The Group accounts for the concession asset based on the ability to substantially transfer all the risks and rewards of ownership to the customer, with this arrangement the costs incurred by the Group on the design and construction of the asset have been treated as a finance debtor within these financial statements.

1.12

Borrowings

Borrowings are recognised at amortised cost using the effective interest rate method. Under the effective interest rate method, any transaction fees, costs, discounts and premiums directly related to the borrowings are recognised in the Statement of Comprehensive Income over the life of the borrowings. Borrowings with maturities greater than twelve months after the reporting date are classified as non-current liabilities.

2
Judgements and key sources of estimation uncertainty

In the application of the group’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.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 19 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Impairments of assets

The carrying value of those assets recorded in the Group's Statement of f inancial p osition, at amortised cost less any impairment losses, could be materially reduced where circumstances exist which might indicate that an asset has been impaired and an impairment review is performed. Impairment reviews consider the fair value and/or value in use of the potentially impaired asset or assets and compare that with the carrying value of the asset or assets in the Statement of f inancial p osition. Any reduction in value arising from such a review would be recorded in the Statement of c omprehensive i ncome. Impairment reviews involve the significant use of assumptions. Consideration has to be given as to the price that could be obtained for the asset or assets, or in relation to a consideration of value in use, estimates of the future cash flows that could be generated by the potentially impaired asset or assets, together with a consideration of an appropriate discount rate to apply to those cash flows.

Fair value of derivative contracts

Fair values for derivative contracts are based on mark-to-market valuations provided by the contract counterparty. Whilst these can be tested for reasonableness, the exact valuation methodology and forecast assumptions for future interest rates or inflation rates are specific to the counterparty.

Service concession contract

Accounting for the service concession contract and finance debtor requires estimation of service margin, finance debtor interest rates and associated amortisation profile which is based on projected trading results to the end of the contract.

3
Turnover
2025
2024
£
£
Turnover analysed by class of business
Service income
2,953,072
3,091,110
Passthrough and variation income
-
1,339
2,953,072
3,092,449

The whole of the turnover is attributable to the principal activity of the Company wholly undertaken in the United Kingdom.

4
Auditors' remuneration
2025
2024
Fees payable to the company's auditors and associates:
£
£
For audit services
Audit of the financial statements of the group and company
17,600
16,850

The fee above is inclusive of the audit of the company and the immediate parent entity.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
5
Employees

The average number of persons employed by the Group during the financial year amounted to nil (2024: nil). The directors are not employed by the Group and receive remuneration from another company for their services as directors of this Group and a number of fellow subsidiaries. It is not possible to make an accurate apportionment of their remuneration in respect of each of the subsidiaries.

6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
173,605
203,836
Interest received on finance debtor
802,251
867,032
Total income
975,856
1,070,868
7
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
410,028
695,673
Interest payable to group undertakings
347,324
327,681
Other interest
-
1,144
Total finance costs
757,352
1,024,498
8
Taxation on profit
2025
2024
£
£
Current tax
UK corporation tax on profits for the current year
53,796
65,659
Adjustments in respect of prior periods
-
0
19,708
Total current tax
53,796
85,367
Deferred tax
Origination and reversal of timing differences
37,787
87,921
Total tax charge
91,583
173,288
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Taxation on profit
(Continued)
- 21 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
682,211
535,691
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
170,553
133,923
Adjustments in respect of prior years
-
0
19,994
Effect of capital allowances and depreciation
(78,970)
19,371
Taxation charge
91,583
173,288
9
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
H & D Support Services Ltd
8th Floor, 6 Kean Street, London, WC2B 4AS
Ordinary
100.00
10
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Finance debtor
1,068,595
1,008,325
-
-
Other debtors
2,245,004
2,392,189
-
0
-
0
Prepayments and accrued income
23,800
43,426
-
0
-
0
3,337,399
3,443,940
-
-
Amounts falling due after more than one year:
Finance debtor
10,069,606
11,082,004
-
-
Deferred tax asset (note 16)
166,673
199,425
-
0
-
0
10,236,279
11,281,429
-
-
Total debtors
13,573,678
14,725,369
-
-

Other debtors relate to amounts held on term deposit which do not meet the definition of cash and cash equivalents £2,244,666 (2024: £2,391,851). The remaining balance relates to recharges.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
11
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
13
1,167,094
1,130,783
-
0
-
0
Other borrowings
13
1,466,324
1,193,086
-
0
-
0
Trade creditors
484,719
476,950
-
0
-
0
Corporation tax payable
1,154
9,358
-
0
-
0
Other taxation and social security
64,124
138,765
-
-
Derivative financial instruments
156,047
-
0
-
0
-
0
Accruals and deferred income
423,172
567,993
-
0
-
0
3,762,634
3,516,935
-
0
-
0
12
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
13
9,639,363
11,009,911
-
0
-
0
Other borrowings
13
1,857,816
1,859,496
-
0
-
0
Derivative financial instruments
430,965
563,440
-
0
-
0
Other creditors
-
0
10,087
-
0
-
0
11,928,144
13,442,934
-
-

Amounts included above which fall due after five years are as follows:
Payable other than by instalments
587,012
497,765
-
-
13
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
10,806,457
12,140,694
-
0
-
0
Loans from group undertakings
3,324,140
3,052,582
-
0
-
0
14,130,597
15,193,276
-
-
Payable within one year
2,633,418
2,323,869
-
0
-
0
Payable after one year
11,497,179
12,869,407
-
0
-
0
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13
Loans and overdrafts
(Continued)
- 23 -

Loans from group undertakings for 202 5 are £3,202,884 (2024: £3,052,582) at a nominal interest rate of 12.4% per annum. During the year ended 31 December 202 5, the Company has made repayments of £nil (2024: £nil) in agreement with the parent company.

Included within bank loans are arrangement fees of £57,466 (2024: £65,676) which are written off to the profit and loss account over the period of the loan. The company was committed to senior debt facilities of £22,560k. The loan has been drawn down under a non-recourse financing agreement and is repayable 29 years following financial close in 6 monthly instalments, commencing 1 March 2007 at an interest rate which has been hedged over the life of the loan at a rate of 5.40% per annum. The loan is due to be repaid in September 2033. The bank loan is secured by a bond and floating charge over all the assets, rights and undertakings of the Company and a floating charge over the assets of H&D Support Services (Holdings) Limited.

14
Financial instruments
Group
Company
2025
2024
2025
2024
£
£
£
£
Carrying amount of financial liabilities include:
Measured at fair value through profit or loss
- Derivative financial instruments
587,012
563,440
-
-

The fair values of the interest rate swap have been calculated by discounting the fixed cash flows at forecasted forward interest rates over the term of the financial instrument. The bank borrowing and finance debtor are both held at amortised cost.

Hedge accounting

Derivatives are financial instruments that derive their value from the price of an underlying item, such as interest rates or other indices. The Company's use of derivative financial instruments is described below.

Interest rate swaps

The Company has entered into an interest rate swap with third parties for the same notional amount as all of the Company's variable rate borrowings with banks which has the commercial effect of swapping the variable rate interest coupon on those loans for a fixed rate coupon of 5.40%. The bank loans and related interest rate swap amortise at the same rate over the life of the loan/swap arrangements. The interest rate swaps were entered into on 2 October 200 6 and expire on 1 October 203 2. Cash flows on both the loan and the interest rate swaps are paid semi-annually on 31 March and 30 September each year.

The Directors believe that the hedging relationship meet the criteria set out in FRS 102 section 12.18 and that the forecast cash inflows are highly probable and as a consequence have concluded that these derivatives meet the definition of a cash flow hedge and have formally designated them as such.

Carrying value of all derivative financial instruments

All of the Company's derivative financial instruments are carried at fair value. The net carrying value of all derivative financial instruments at 31 December 202 5 amounted to net liabilities of £587,012 (2024: £563,440) for interest rate swaps. All of the movements during the year in the fair value of these derivative financial instruments have been recorded in the cash flow hedge reserve amounting to credit of £15,106 (2024: charge of £305,066) net of a deferred tax amount credit of £5,893 (2024: charge of £119,008). The ineffective portion of the hedge of £nil (2024: £nil) was recognised in the Statement of Comprehensive Income.

H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
9
-
0
-
0
1,000
1,000
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
1,000
Carrying amount
At 31 December 2025
1,000
At 31 December 2024
1,000
16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Assets
Assets
2025
2024
Group
£
£
Unused tax losses
-
35,751
Unused tax credits
146,753
140,860
Short term timing differences
19,920
22,814
166,673
199,425
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Asset at 1 January 2025
(199,425)
-
Charge to profit or loss
37,787
-
Credit to other comprehensive income
(5,035)
-
Asset at 31 December 2025
(166,673)
-
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
16
Deferred taxation
(Continued)
- 25 -

The net deferred tax liability expected to reverse in 202 6 is £723 (2025: £1,236). This relates to the short term timing reversals.

17
Called up share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000

There is a single class of ordinary share. There are no restrictions on the distribution of the dividends and the repayment of capital.

18
Cash generated from group operations
2025
2024
£
£
Profit after taxation
590,628
362,403
Adjustments for:
Taxation charged
91,583
173,288
Finance costs
757,352
1,024,498
Investment income
(975,856)
(1,070,868)
Movements in working capital:
Decrease/(increase) in debtors
1,185,210
(189,753)
(Decrease)/increase in creditors
(277,894)
284,168
Cash generated from operations
1,371,023
583,736
19
Analysis of changes in net debt - group
1 January 2025
Cash flows
Other non-cash changes
31 December 2025
£
£
£
£
Cash at bank and in hand
2,649,815
458,122
-
3,107,937
Borrowings excluding overdrafts
(15,193,276)
1,130,783
(68,104)
(14,130,597)
Derivatives relating to debt
(563,440)
-
(23,572)
(587,012)
(13,106,901)
1,588,905
(91,676)
(11,609,672)
H & D SUPPORT SERVICES (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
20
Related party transactions

Group

The Group is wholly owned by Infrastructure Investments Holdings Limited (IIHL) and has taken advantage of the exemption in section 33 of FRS 102 'Related Party Disclosures', that allows it not to disclose transactions with wholly owned members of a group.

Company

The Company is wholly owned by Infrastructure Investments Holdings Limited (IIHL) and has taken advantage of the exemption in section 33 of FRS 102 'Related Party Disclosures', that allows it not to disclose transactions with wholly owned members of a group

21
Controlling party

The Company is a wholly owned subsidiary Infrastructure Investments Holdings Limited (IIHL) a company listed on the London Stock Exchange and registered at One Bartholomew Close, Barts Square, London, EC1A 7BL.

The ultimate parent company is HICL Infrastructure Plc, a company listed on the London Stock Exchange and registered at One Bartholomew Close, Barts Square, London, EC1A 7BL.

2025-12-31 2025-01-01 false false CCH Software CCH Accounts Production 2025.300 David Davies Benjamin Evans Infrastructure Managers Limited false 0 05009594 bus:Consolidated 2025-01-01 2025-12-31 05009594 2025-01-01 2025-12-31 05009594 bus:Director1 2025-01-01 2025-12-31 05009594 bus:Director2 2025-01-01 2025-12-31 05009594 bus:CompanySecretary1 2025-01-01 2025-12-31 05009594 bus:RegisteredOffice 2025-01-01 2025-12-31 05009594 bus:Agent1 2025-01-01 2025-12-31 05009594 bus:CompanySecretary1 bus:Consolidated 2025-01-01 2025-12-31 05009594 2025-12-31 05009594 bus:Consolidated 2024-01-01 2024-12-31 05009594 2024-01-01 2024-12-31 05009594 bus:Consolidated 2025-12-31 05009594 core:CurrentFinancialInstruments bus:Consolidated 2024-12-31 05009594 core:AfterOneYear bus:Consolidated 2025-12-31 05009594 core:AfterOneYear bus:Consolidated 2024-12-31 05009594 bus:Consolidated 2024-12-31 05009594 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-12-31 05009594 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-12-31 05009594 core:WithinOneYear bus:Consolidated 2025-12-31 05009594 core:WithinOneYear bus:Consolidated 2024-12-31 05009594 core:CurrentFinancialInstruments 2025-12-31 05009594 core:CurrentFinancialInstruments 2024-12-31 05009594 core:ShareCapital bus:Consolidated 2025-12-31 05009594 core:ShareCapital bus:Consolidated 2024-12-31 05009594 core:HedgingReserve bus:Consolidated 2025-12-31 05009594 core:HedgingReserve bus:Consolidated 2024-12-31 05009594 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-12-31 05009594 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-12-31 05009594 core:ShareCapital 2025-12-31 05009594 core:ShareCapital 2024-12-31 05009594 core:ShareCapital bus:Consolidated 2023-12-31 05009594 core:HedgingReserve bus:Consolidated 2023-12-31 05009594 2023-12-31 05009594 bus:Consolidated 2023-12-31 05009594 core:ShareCapital 2023-12-31 05009594 2024-12-31 05009594 core:UKTax bus:Consolidated 2025-01-01 2025-12-31 05009594 core:UKTax bus:Consolidated 2024-01-01 2024-12-31 05009594 bus:Consolidated 1 2025-01-01 2025-12-31 05009594 bus:Consolidated 1 2024-01-01 2024-12-31 05009594 core:Subsidiary1 2025-01-01 2025-12-31 05009594 core:Subsidiary1 1 2025-01-01 2025-12-31 05009594 core:CurrentFinancialInstruments bus:Consolidated 1 2025-12-31 05009594 core:CurrentFinancialInstruments bus:Consolidated 1 2024-12-31 05009594 core:CurrentFinancialInstruments 2 2025-12-31 05009594 core:CurrentFinancialInstruments 3 2025-12-31 05009594 core:CurrentFinancialInstruments bus:Consolidated 2025-12-31 05009594 core:Non-currentFinancialInstruments bus:Consolidated 2025-12-31 05009594 core:Non-currentFinancialInstruments bus:Consolidated 2024-12-31 05009594 core:Non-currentFinancialInstruments 2025-12-31 05009594 core:Non-currentFinancialInstruments 2024-12-31 05009594 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 05009594 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 1 2025-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 1 2024-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear 2 2025-12-31 05009594 core:Non-currentFinancialInstruments core:AfterOneYear 2 2024-12-31 05009594 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05009594 bus:FRS102 2025-01-01 2025-12-31 05009594 bus:Audited 2025-01-01 2025-12-31 05009594 bus:ConsolidatedGroupCompanyAccounts 2025-01-01 2025-12-31 05009594 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP