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REGISTERED NUMBER: 03850160 (England and Wales)

CLARKE GROUP CONSTRUCTION LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Statement of Income and Retained Earnings | 8 |

| Balance Sheet | 9 |

| Cash Flow Statement | 11 |

| Notes to the Cash Flow Statement | 12 |

| Notes to the Financial Statements | 14 |

| CLARKE GROUP CONSTRUCTION LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | P R Clarke

| S Clarke

| SECRETARY: | Mrs K Clarke

| REGISTERED OFFICE: | The Workshop

| Slippery Gowt Lane

| Wyberton

| Boston

| Lincolnshire

| PE21 7AA

| REGISTERED NUMBER: | 03850160 (England and Wales)

| AUDITORS: | Dexter & Sharpe Audit Services Ltd

| (Statutory Auditor)

| Rollestone House

| Bridge Street

| Horncastle

| Lincolnshire

| LN9 5HZ

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

The directors present their strategic report for the year ended 30 November 2025.

Clarke Group carries out Contracts throughout the UK. These Contracts are either under negotiation or competitive tender. Some Contracts have third party design and consultants in place by the client and others are in-house design and build. There are two main sectors to the business, one sector working for the poultry industry and the other sector working for all aspects of general construction, new builds, renovation, refurbishment works for various sectors, industrial, commercial, public sector, conservation, food industry and residential. The Company's head office is based in Boston and due to continued growth, the Company has recently opened an office in Lincoln.

REVIEW OF BUSINESS

The construction industry has faced an array of challenges, national minimum wage increases, higher interest rates, continued labour shortages. With strategic actions focused on client engagement, supply chain management, subcontractor collaboration, and financial resilience, the company has been able to navigate these obstacles. By adapting to the evolving landscape and proactively addressing key issues, the company has ensured smooth operations and positioned itself for sustained growth.

The Company achieved turnover of £37,059,077 for the year ended 30 November 2025. This has shown an increase of £11,776,373 on 2024 with a net profit before tax of £4,792,852, a 28% increase on the previous year. This has been Clarke Group's most successful trading year since forming in 1999.

The company strives to evolve and optimize operational capabilities, and so have secured the addition of new machinery, helping increase our production output whilst reducing labour intensity during the manufacturing process. Being able to distribute members of the workforce to other areas has enabled us to meet the requirements of our clients more effectively and allowed us to take on further substantial projects for 2025 and into 2026.

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Clarke Group have an experienced team that can efficiently identify and manage risks which present themselves to the business.

A summary of identified risks to the Company and successful action taken are summarised below.

On occasion supply chains can be a little erratic. The Company continues to maintain the implemented monitoring procedures to ensure continuity of the supply chain throughout a live contract and future Contracts. The in-house procurement team ensure 'best prices' are obtained and good relationships with our supply chains preserved. Having maintained trade relationships with suppliers within the EU, the Company has also implemented relevant systems for customs and tax to comply with obligations of imported materials.

The industry is seeing many changes to regulatory requirements. With our experience and knowledge, the management team will continue to collaborate effectively with local authorities and professional bodies and ensure timely project approvals and successful project completion.

The industry is evolving rapidly, with a significant emphasis on sustainability and energy efficiency across all sectors, from residential, to commercial and agricultural. It is essential we work with the relevant associated parties to design and build a project that has the required equipment and materials to meet the desired needs of our client.

Securing a skilled and reliable workforce for live Contracts is essential. The Company continues to invest in staff training to develop and increase the in-house diverse workforce, which gives the Company increased control on live Contracts to minimize subcontract labour required.

The Health and Safety of our workforce is paramount. The Company ensures employee health and safety training is up-to-date and external Health and Safety Consultants are employed as our 'Competent Person' to monitor sites and our in-house procedures. The Company maintains its CHAS and Safecontractor accreditation and is now also certified with ISO 9001, 14001 and 45001.

The Company regularly updates its in-house policies and procedures to ensure it meets all legal requirements.

The construction industry is particularly sensitive to economic fluctuations. With current unpredictability, strategic timing of investments becomes crucial to ensure stability and growth. Focusing on diversification, risk management, innovation, and sustainable practices will help mitigate risks and leverage new opportunities, ensuring the company remains competitive and resilient in a fluctuating economic landscape.

DELIVERY OF CONTRACTS

The Company has a good longstanding workforce that are committed to the success of the company.

By focusing on the delivery of contracts with effective workforce management, and efficient in-house procedures, we can ensure high levels of customer satisfaction and sustained growth.

Incorporating feedback from employees, financial analysis, and customer surveys will drive continuous improvement and help us maintain a competitive edge in the construction industry.

ON BEHALF OF THE BOARD:

Mrs K Clarke - Secretary

26 August 2026

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 NOVEMBER 2025

The directors present their report with the financial statements of the company for the year ended 30 November 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of general construction.

DIVIDENDS

An interim dividend of 79200 per share was paid on . The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 November 2025 will be £ 79,200 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2024 to the date of this report.

P R Clarke

S Clarke

DISCLOSURE IN THE STRATEGIC REPORT

Information regarding company performance, key performance indicators, risks facing the company and future developments is disclosed in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 NOVEMBER 2025

AUDITORS

The auditors, Dexter & Sharpe Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs K Clarke - Secretary

26 August 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CLARKE GROUP CONSTRUCTION LIMITED

Opinion

We have audited the financial statements of Clarke Group Construction Limited (the 'company') for the year ended 30 November 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CLARKE GROUP CONSTRUCTION LIMITED

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- we have enquired of those charged with governance around actual and potential litigation and claims.

- we have reviewed financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- enquired of staff engaged in the completion of VAT, tax and compliance work to identify any instances of non compliance with laws and regulations.

- audited the risk of management override of controls including review of journal entries and large or unusual transactions, evaluating the business rationale of any significant transactions outside the course of business.

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

Mrs Nicola Michelle Lenton FCCA (Senior Statutory Auditor)

for and on behalf of Dexter & Sharpe Audit Services Ltd

(Statutory Auditor)

Rollestone House

Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

26 August 2026

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE YEAR ENDED 30 NOVEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 2 | 37,059,077 |  | 25,282,704 |  |

Cost of sales | (30,606,692 | ) | (20,124,755 | ) |

GROSS PROFIT | 6,452,385 |  | 5,157,949 |  |

Administrative expenses | (1,649,624 | ) | (1,364,372 | ) |

4,802,761 |  | 3,793,577 |  |

Other operating income | (12,283 | ) | (14,156 | ) |

OPERATING PROFIT | 4 | 4,790,478 |  | 3,779,421 |  |

Interest receivable and similar income | 57,518 |  | 27,689 |  |

4,847,996 |  | 3,807,110 |  |

Interest payable and similar expenses | 5 | (55,144 | ) | (48,975 | ) |

PROFIT BEFORE TAXATION | 4,792,852 |  | 3,758,135 |  |

Tax on profit | 6 | (1,168,979 | ) | (859,918 | ) |

PROFIT FOR THE FINANCIAL YEAR | 3,623,873 |  | 2,898,217 |  |

Retained earnings at beginning of year | 6,581,470 |  | 3,832,453 |  |

Dividends | 7 | (79,200 | ) | (149,200 | ) |

RETAINED EARNINGS AT END OF YEAR | 10,126,143 |  | 6,581,470 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

BALANCE SHEET

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 2,117,390 |  | 1,399,563 |  |

CURRENT ASSETS

Stocks | 9 | 4,827,270 |  | 2,245,210 |  |

Debtors | 10 | 5,168,407 |  | 3,235,583 |  |

Cash at bank and in hand | 4,736,473 |  | 5,505,256 |  |

14,732,150 |  | 10,986,049 |  |

CREDITORS

Amounts falling due within one year | 11 | 5,602,278 |  | 5,002,178 |  |

NET CURRENT ASSETS | 9,129,872 |  | 5,983,871 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,247,262 |  | 7,383,434 |  |

CREDITORS

Amounts falling due after more than one year | 12 | (596,031 | ) | (437,401 | ) |

PROVISIONS FOR LIABILITIES | 16 | (508,671 | ) | (343,146 | ) |

ACCRUALS AND DEFERRED INCOME | 17 | (15,417 | ) | (20,417 | ) |

NET ASSETS | 10,127,143 |  | 6,582,470 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 666 |  | 666 |  |

Capital redemption reserve | 19 | 334 |  | 334 |  |

Retained earnings | 19 | 10,126,143 |  | 6,581,470 |  |

SHAREHOLDERS' FUNDS | 10,127,143 |  | 6,582,470 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

BALANCE SHEET - continued

30 NOVEMBER 2025

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

P R Clarke - Director

S Clarke - Director

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 NOVEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 837,405 |  | 5,316,063 |  |

Interest paid | (13,509 | ) | (21,780 | ) |

Interest element of hire purchase payments paid | (41,635 | ) | (27,195 | ) |

Tax paid | (901,767 | ) | (556,867 | ) |

Net cash from operating activities | (119,506 | ) | 4,710,221 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (206,092 | ) | (276,299 | ) |

Sale of tangible fixed assets | 167,501 |  | 83,190 |  |

Interest received | 57,518 |  | 27,689 |  |

Net cash from investing activities | 18,927 |  | (165,420 | ) |

Cash flows from financing activities

Loan repayments in year | (130,000 | ) | (130,000 | ) |

Capital repayments in year | (465,955 | ) | (322,307 | ) |

Intercompany loan repayments | 1,951 |  | 913,011 |  |

Release of deferred government grant | 5,000 |  | 4,583 |  |

Equity dividends paid | (79,200 | ) | (149,200 | ) |

Net cash from financing activities | (668,204 | ) | 316,087 |  |

(Decrease)/increase in cash and cash equivalents | (768,783 | ) | 4,860,888 |  |

Cash and cash equivalents at beginning of year | 2 | 5,505,256 |  | 644,368 |  |

Cash and cash equivalents at end of year | 2 | 4,736,473 |  | 5,505,256 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 4,792,852 |  | 3,758,135 |  |

| Depreciation charges | 376,046 |  | 308,797 |  |

| Profit on disposal of fixed assets | (41,629 | ) | (31,286 | ) |

| Government grants | (5,000 | ) | (4,583 | ) |

| Finance costs | 55,144 |  | 48,975 |  |

| Finance income | (57,518 | ) | (27,689 | ) |

5,119,895 |  | 4,052,349 |  |

| Increase in stocks | (2,582,060 | ) | (808,784 | ) |

| Increase in trade and other debtors | (1,934,775 | ) | (448,446 | ) |

| Increase in trade and other creditors | 234,345 |  | 2,520,944 |  |

| Cash generated from operations | 837,405 |  | 5,316,063 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 November 2025

| 30.11.25 |  | 1.12.24

£ | £ |

| Cash and cash equivalents | 4,736,473 |  | 5,505,256 |  |

| Year ended 30 November 2024

| 30.11.24 |  | 1.12.23

£ | £ |

| Cash and cash equivalents | 5,505,256 |  | 644,368 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 NOVEMBER 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1.12.24 | Cash flow | changes | At 30.11.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 5,505,256 |  | (768,783 | ) | 4,736,473 |  |

5,505,256 |  | (768,783 | ) | 4,736,473 |  |

| Debt

| Finance leases | (661,679 | ) | 465,955 |  | - |  | (1,209,377 | ) |

| Debts falling due

| within 1 year | (130,000 | ) | 54,166 |  | - |  | (75,834 | ) |

| Debts falling due

| after 1 year | (75,834 | ) | 75,834 |  | - |  | - |  |

(867,513 | ) | 595,955 |  | - |  | (1,285,211 | ) |

| Total | 4,637,743 |  | (172,828 | ) | - |  | 3,451,262 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover comprises the value of contracting work executed during the year plus the invoiced value of other sales. The value of contracting work is based on measured valuations , incorporating profit earned to the valuation date and adjusted for any anticipated losses. Other sales are invoiced upon performance of the services provided.

| The amount by which recorded turnover on uncompleted contracts is in excess of payments on account is classified as amounts recoverable on contracts and separately disclosed in work in progress.

| The amount by which payments on account on uncompleted contracts is in excess of recorded turnover is classified as contract payments on account and disclosed in creditors.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 10% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks and work in progress

| Work in progress and sites awaiting development and development properties are stated at the lower of cost and net realisable value. Cost comprises costs of land and costs of development. Net realisable value incorporates expected costs to completion and disposal. Provision is made against all categories of work in progress where it is anticipated that cost will not be fully recovered against future disposals.

| Raw materials and consumables are stated at the lower of cost and net realisable value.

| Taxation

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

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

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

| Deferred tax

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

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

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

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | ACCOUNTING POLICIES - continued

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

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

2. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Construction contracts | 37,059,077 |  | 25,282,704 |  |

37,059,077 |  | 25,282,704 |  |

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,434,719 |  | 1,237,482 |  |

| Social security costs | 170,715 |  | 125,384 |  |

| Other pension costs | 54,520 |  | 46,486 |  |

1,659,954 |  | 1,409,352 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Administration | 6 |  | 6 |  |

| Construction | 29 |  | 27 |  |

| Directors | 2 |  | 2 |  |

37 |  | 35 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 17,264 |  | 61,264 |  |

| Directors' pension contributions to money purchase schemes | 24,000 |  | 24,000 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

3. | EMPLOYEES AND DIRECTORS - continued

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 164,135 |  | 140,151 |  |

| Depreciation - assets on hire purchase contracts | 211,912 |  | 168,648 |  |

| Profit on disposal of fixed assets | (41,629 | ) | (31,286 | ) |

| Auditors' remuneration | 11,000 |  | 7,500 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | - |  | 722 |  |

| Bank loan interest | 9,917 |  | 21,058 |  |

| HMRC interest | 3,592 |  | - |  |

| Hire purchase | 41,635 |  | 27,195 |  |

55,144 |  | 48,975 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 1,003,454 |  | 635,681 |  |

| Deferred tax | 165,525 |  | 224,237 |  |

| Tax on profit | 1,168,979 |  | 859,918 |  |

7. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of 1 each

| Interim | 79,200 |  | 149,200 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

8. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 December 2024 | 86,249 |  | 1,730,031 |  | 84,299 |  | 444,398 |  | 2,344,977 |  |

| Additions | - |  | 804,434 |  | 6,150 |  | 409,161 |  | 1,219,745 |  |

| Disposals | - |  | (351,500 | ) | (6,606 | ) | (94,113 | ) | (452,219 | ) |

| At 30 November 2025 | 86,249 |  | 2,182,965 |  | 83,843 |  | 759,446 |  | 3,112,503 |  |

| DEPRECIATION

| At 1 December 2024 | 63,308 |  | 647,508 |  | 58,617 |  | 175,981 |  | 945,414 |  |

| Charge for year | 3,101 |  | 269,338 |  | 5,592 |  | 98,016 |  | 376,047 |  |

| Eliminated on disposal | - |  | (278,977 | ) | (5,181 | ) | (42,190 | ) | (326,348 | ) |

| At 30 November 2025 | 66,409 |  | 637,869 |  | 59,028 |  | 231,807 |  | 995,113 |  |

| NET BOOK VALUE

| At 30 November 2025 | 19,840 |  | 1,545,096 |  | 24,815 |  | 527,639 |  | 2,117,390 |  |

| At 30 November 2024 | 22,941 |  | 1,082,523 |  | 25,682 |  | 268,417 |  | 1,399,563 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 793,417 |  | 184,615 |  | 978,032 |  |

| Additions | 780,383 |  | 233,270 |  | 1,013,653 |  |

| Transfer to ownership | - |  | (105,000 | ) | (105,000 | ) |

| At 30 November 2025 | 1,573,800 |  | 312,885 |  | 1,886,685 |  |

| DEPRECIATION

| At 1 December 2024 | 127,999 |  | 40,649 |  | 168,648 |  |

| Charge for year | 186,630 |  | 25,282 |  | 211,912 |  |

| Transfer to ownership | - |  | (24,063 | ) | (24,063 | ) |

| At 30 November 2025 | 314,629 |  | 41,868 |  | 356,497 |  |

| NET BOOK VALUE

| At 30 November 2025 | 1,259,171 |  | 271,017 |  | 1,530,188 |  |

| At 30 November 2024 | 665,418 |  | 143,966 |  | 809,384 |  |

9. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 4,827,270 |  | 2,245,210 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,058,547 |  | 1,142,430 |  |

| Amounts owed by group undertakings | - |  | 1,951 |  |

| Other debtors | 2,053,135 |  | 2,034,385 |  |

| Prepayments and accrued income | 56,725 |  | 56,817 |  |

5,168,407 |  | 3,235,583 |  |

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

2025 | 2024 |

£ | £ |

| Other loans (see note 13) | 75,834 |  | 130,000 |  |

| Hire purchase contracts (see note 14) | 613,346 |  | 300,112 |  |

| Trade creditors | 3,502,838 |  | 1,447,016 |  |

| Corporation Tax | 527,368 |  | 425,681 |  |

| Social security and other taxes | 150,085 |  | 93,598 |  |

| VAT | 365,994 |  | 1,139,768 |  |

| Proposed dividends | 19,800 |  | 19,800 |  |

| Other creditors | 112,868 |  | 4,271 |  |

| Accruals and deferred income | 234,145 |  | 1,441,932 |  |

5,602,278 |  | 5,002,178 |  |

12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans (see note 13) | - |  | 75,834 |  |

| Hire purchase contracts (see note 14) | 596,031 |  | 361,567 |  |

596,031 |  | 437,401 |  |

13. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Other loans | 75,834 |  | 130,000 |  |

| Amounts falling due between one and two years:

| Other loans - 1-2 years | - |  | 75,834 |  |

| Bank loans are repayable by monthly instalments with the final repayment due in 2026, interest is charged at 2.62% p.a. over the Bank of England Base Rate.

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

14. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 613,346 |  | 300,112 |  |

| Between one and five years | 596,031 |  | 361,567 |  |

1,209,377 |  | 661,679 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 11,837 |  | 11,837 |  |

| Between one and five years | 1,973 |  | 13,810 |  |

13,810 |  | 25,647 |  |

15. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Other loans | 75,834 |  | 205,834 |  |

| Hire purchase contracts | 1,209,377 |  | 661,679 |  |

1,285,211 |  | 867,513 |  |

| The bank loan is secured by a charge over the company's assets.

| Hire purchase amounts are secured on the assets to which they relate.

16. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 508,671 |  | 343,146 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 343,146 |  |

| Accelerated capital allowances | 165,525 |  |

| Rate movement |

| Balance at 30 November 2025 | 508,671 |  |

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

17. | ACCRUALS AND DEFERRED INCOME

2025 | 2024 |

£ | £ |

| Deferred government grants | 15,417 |  | 20,417 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 666 | Ordinary | 1 | 666 |  | 666 |  |

| The shares are ordinary shares, carrying equal rights to vote and to receive dividends

19. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 December 2024 | 6,581,470 |  | 334 |  | 6,581,804 |  |

| Profit for the year | 3,623,873 |  | 3,623,873 |  |

| Dividends | (79,200 | ) | (79,200 | ) |

| At 30 November 2025 | 10,126,143 |  | 334 |  | 10,126,477 |  |

20. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | 182,962 |  |

21. | RELATED PARTY DISCLOSURES

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

| S & P Clarke Limited

| A company under the control of the directors:

| During the year the company paid rents to S & P Clarke Limited totalling £51,817 (2024 - £7,000).

| During the year the company advanced amounts totalling £20,000 (2024 - £865,395), at the balance sheet date an amount of £2,053,135 (2024 - £2,033,135) was due from S & P Clarke Limited this amount is included in other debtors.

CLARKE GROUP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03850160) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

22. | ULTIMATE CONTROLLING PARTY

| The controlling party is S & P Clarke Holdings Limited, a company incorporated and registered in England and Wales. The registered office and principal place of business is:

| The Workshop

| Slippery Gowt Lane

| Wyberton

| Boston

| Lincolnshire

| PE21 7AA