The director presents the strategic report for the year ended 31 March 2025.

The groups key financial and other performance indicators during the year were as follows:

Unit 2025 2024

Turnover £000 11,016    16,110

Gross profit margin % 28.4     24.0

Operating profit £000 548     225

The Group has experienced a challenging year with turnover decreasing from £16.1m to £11.0m. Despite the reduction in revenue, the Group has improved gross profit margins and operating profitability through tighter cost control and an increased focus on higher-margin activities. Gross profit margin improved from 24.0% to 28.4%, whilst operating profit increased from £225k to £563k.

The most significant event affecting the Group during the year was the deterioration in the financial position of Medilink Consulting Limited. Following a review of the recoverability of the Company's investment in Medilink Consulting Limited, the investment is fully impaired in the Parent Company financial statements. Subsequent to the year end, Medilink Consulting Limited entered liquidation.

The resulting impairment has had a significant impact on the Group's reported results for the year and the Parent Company's financial position. The Group is in a net liability position and the directors continue to review the financial position and funding requirements on an ongoing basis.

Principal risks and uncertainties

The principal risks and uncertainties faced by the Group relate to funding requirements, liquidity management and the impact of challenging market conditions within the recruitment sector.

Subsequent to the year under review, the financial performance of Medilink Consulting Limited deteriorated significantly, ultimately resulting in the subsidiary entering liquidation. The directors continue to monitor the impact of this event on the Group's future activities and financial position.

The director regularly reviews operational performance and cash flow requirements to ensure the Group remains appropriately positioned to respond to future challenges.

Future Developments

Following the liquidation of Medilink Consulting Limited subsequent to the year end, the Group's focus will be on its remaining operations, principally the activities of SBR Group Limited.

The director will continue to review opportunities to strengthen the Group's financial position, manage liquidity requirements and support the long-term sustainability of the Group's remaining operations.

The director will continue to monitor the performance of the Group and assess strategic opportunities as they arise.

People

The success of the Group had been dependent upon the recruitment, retention and development of key personnel. However, the subsequent liquidation of Medilink Consulting Limited has meant that the Group's focus has shifted from the management of people to the management of assets.

The Group finances its activities through a combination of borrowing facilities and internally generated funds. Other financial assets and liabilities, including trade debtors, trade creditors and borrowings, arise directly from the Group's operating and investment activities.

The principal financial risks faced by the Group are liquidity risk, funding risk and credit risk.

The Group is not exposed to significant foreign currency risks. The directors continue to monitor cash flow requirements and borrowing arrangements in order to manage financial risk appropriately.

On behalf of the board

The director presents his annual report and financial statements for the year ended 31 March 2025.

The principal activity of the Parent Company continued to be that of an investment holding company. The principal activities of the Group during the year were recruitment activities and property investment and renovation.

The results for the year are set out on page 9.

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

Subsequent to the reporting date, Medilink Consulting Limited, a subsidiary within the Group, entered liquidation. The directors had previously reviewed the recoverability of the Parent Company's investment in Medilink Consulting Limited and the investment is fully impaired in the Parent Company financial statements for the year ended 31 March 2025.

There may be further future adjustments necessary to future financial statements as a result of the liquidation and the recognition of liabilities and assets that might impact the remaining Group. Notwithstanding this, the director considers it appropriate to continue to prepare the Group's financial statements on a going concern basis.

Other than the matter described above, there have been no significant events after the reporting period requiring disclosure.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company and the group is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the director to prepare financial statements for each financial year. Under that law, the director has elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the director is required to:

• select suitable accounting policies and then apply them consistently;

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

• state whether applicable United Kingdom Accounting Standards 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 parent company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have audited the financial statements of Mehdi Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows 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).

We do not express an opinion on the accompanying consolidated financial statements of the group. Because of the significance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these consolidated financial statements.

Basis for disclaimer of opinion

The Group includes Medilink Consulting Limited, a subsidiary in which the Parent Company holds an 85% equity interest. Subsequent to the year end, Medilink Consulting Limited entered liquidation. We were unable to obtain sufficient appropriate audit evidence in respect of the assets, liabilities, income and expenditure of Medilink Consulting Limited included within the consolidated financial statements. Consequently, we were unable to determine whether any adjustments might have been necessary in respect of the balances and disclosures relating to Medilink Consulting Limited included within the Group financial statements.

In addition, the Parent Company has impaired its investment in Medilink Consulting Limited and the group is in a net liability position at the reporting date. The Parent Company is a non-trading holding company and management were unable to provide formal budgets, cash flow forecasts, financing arrangements or other evidence demonstrating how the Group and Parent Company will meet their obligations as they fall due for a period of at least twelve months from the date of approval of the financial statements. Accordingly, we were unable to obtain sufficient appropriate audit evidence regarding the appropriateness of the going concern basis of accounting adopted in the preparation of the consolidated financial statements. Consequently, we were unable to determine whether any further adjustments to the carrying value of assets and liabilities, or to the classification and presentation of balances, may have been necessary had sufficient evidence been available.

We conducted our audit in accordance with International Standards on Auditing (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor's Responsibilities section of our report. We are independent of the Group and Parent Company in accordance with the ethical requirements relevant to our audit of the financial statements in the UK and have fulfilled our other ethical responsibilities in accordance with these requirements.

Opinions on other matters prescribed by the Companies Act 2006

Because of the significance of the matter described in the basis for disclaimer of opinion section of our report, we have been unable to form an In our opinion, whether based on the work undertaken in the course of the audit:

• the information given in the strategic report and directors’ report for the financial year for which the financial tatements are prepared is consistent with the financial statements; and

• the strategic report and directors’ report have been prepared in accordance with applicable legal requirements.

Notwithstanding our disclaimer of an opinion on the consolidated financial statements, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit performed subject to the pervasive limitation described above, we have not identified material misstatements in the strategic report or the directors’ report.

Arising from the limitation of our work referred to above:

• we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

• we were unable to determine whether adequate accounting records have been kept.

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:

• 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

• the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

As explained more fully in the director's responsibilities statement, the director is 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 director determines 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 director is responsible for assessing the group's 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 director either intends to liquidate the group or parent company or to cease operations, or has no realistic alternative but to do so.

Our responsibility is to conduct an audit of the company’s consolidated financial statements in accordance with International Standards on Auditing (UK) and to issue an auditor’s report.

However, because of the matter described in the basis for disclaimer of opinion section of our report, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these consolidated financial statements.

We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Other matters which we are required to address

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 consolidated 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.

Based on our understanding of the company, the group and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the company, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the consolidated financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the consolidated financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue recognition.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

• Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and

• Considering the risk of acts by the company which were contrary to the applicable laws and regulations, including fraud; and

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

Our audit procedures in relation to fraud included but were not limited to:

• Discussing amongst the engagement team the risks of fraud;

• Making enquiries of management on whether they had knowledge of any actual, suspected or alleged fraud; and

• Gaining an understanding of the internal controls established to mitigate risks related to fraud; and

• Corroborating the basis for material accounting estimates; and

• Addressing the risks of fraud through management override of controls by performing substantive and analytical journal testing; and

• Obtaining support and reasonable explanation for any manual journal postings.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the consolidated financial statements, the less likely we would become aware of it. Also, 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 deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £1,114,414 (2024 - £0 profit).

Mehdi Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is:

Suite 501, The Nexus Building

Broadway, Letchworth Garden City, Herts

United Kingdom

SG6 9BL

The group consists of Mehdi Holdings Limited and all of its subsidiaries.

The principal activities of the group are the provision of recruitment services and property investment and renovation.

The group is limited by shares.

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 and the group. Monetary amounts 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.

The consolidated group financial statements consist of the financial statements of the parent company Mehdi Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

The consolidated financial statements incorporate the results of business combinations using he merger method, since the creation of the Group is considered a reorganisation. The assets, liabilities, income and expenses are recognised as if the Group had always existed.

All financial statements are made up to 31 March 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 group.

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.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the group and parent company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cast significant doubt on the group's or parent company's ability to continue as a going concern.

Subsequent to the year under review, the financial performance of Medilink Consulting Limited deteriorated significantly, ultimately resulting in the subsidiary entering liquidation. The director continues to monitor the impact of this event on the Group's future activities and financial position.

The Group is in a net liability position at the reporting date. The Parent Company is a non-trading holding company and its future ability to continue as a going concern is dependent upon the availability of funding and the performance of the Group's remaining operations.

Notwithstanding the matters described above, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would arise if the Group or Parent Company or the other Subsidiary were unable to continue as a going concern.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from service fee contracts for the provision of professional services (Medilink Consulting) are recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Revenue from rental income (SBR Group) are recognised on straight line basis over the term of the lease agreements.

Intangible fixed assets other than goodwill are initially measured at cost and subsequently measured at cost or valuation, net of amortisation and any impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

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.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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 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 balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 method 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.

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.

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.

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.

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, 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 payments 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.

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 through 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.

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

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.

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

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 costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

In the application of the group’s accounting policies, the director is 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.

In preparing these financial statements, the directors have not identified any critical accounting judgements or key sources of estimation uncertainty.

The average monthly number of persons (including directors) employed by the group and company during the year was:

Their aggregate remuneration comprised:

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

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

The fair value of the investment property has been arrived at on the basis of a valuation carried out by MSA Raja, director.

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

SBR Group Limited (Companies House reference: 10897237) is exempt from the requirement of the Companies Act 2006 relating to the audit of individual accounts by virtue of section 479A of the Act. The Company has provided a guarantee under section 479C of the Companies Act 2006 in respect of the financial period ended 31 March 2025. The guarantee is over all outstanding liabilities to which the subsidiary company is subject to at 31 March 2025 until they are settled.

Subsequent to the year under review, the financial performance of Medilink Consulting Limited deteriorated significantly, ultimately resulting in the subsidiary entering liquidation. The director had previously reviewed the recoverability of the Parent Company's investment in Medilink Consulting Limited and the investment is fully impaired in the Parent Company financial statements for the year ended 31 March 2025. The director continues to monitor the impact of this event on the Group's future activities and financial position. Accordingly, no further adjustment has been made to these financial statements as a result of the liquidation.

The long-term loans including invoice discounting facilities are secured by way of a fixed and floating charge over the group's assets and the shareholder.

Finance lease payments represent rentals payable by the company or group for certain fixed asset items. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

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

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group within independently administered funds.

At the reporting date, the group was owed £595,979 (2024: £484,285) by the directors of companies within the group. There are no terms relating to interest or repayment in respect of these amounts.

The company was controlled throughout the period by MSA Raja, director.