REGISTERED NUMBER: 05603741 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

BESSACARR PROPERTIES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditor

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

Mr R Wylie

Mr G Townsley

Mrs S L Townsley

SECRETARY:

Mr A R Wykes

REGISTERED OFFICE:

M&D House

Brooklands Road

Adwick-le-Street

Doncaster

DN6 7BA

REGISTERED NUMBER:

05603741 (England and Wales)

SENIOR STATUTORY AUDITOR:

Robert Watson BA(Hons) FCA

AUDITOR:

Xeinadin Audit Limited

Level 5a, Maple House

149 Tottenham Court Road

London

W1T 7NF

The directors present their strategic report for the year ended 28 February 2026.

REVIEW OF BUSINESS ACTIVITIES AND KEY PERFORMANCE INDICATORS

Turnover from the rental of plant and machinery has seen a reduction of 7.66% over 2025 figures.

Pre taxation profits have seen a reduction of 58.87% over the 2025 figures.

The company has invested in additional items of plant and machinery during the year. The aim has been to engineer further operational improvements as well as generate significant cost savings across the group in the medium term with the added benefit of short term tax advantages.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors take a pragmatic view with respect to risk management. The company is well managed by its board of directors and a prudent approach is adopted in all financial aspects.

All company policies are subject to continual assessment and review in line with changing legislation and industry guidelines.

The company operates as a plant and equipment rental company in the construction industry and the directors remain mindful of cyclical trends and the overarching political backdrop. Inflationary pressures continue to be monitored and mitigated but nevertheless present ongoing risks and uncertainties across all market sectors including the construction industry

FUTURE

The board of directors continue to invest in long-term infrastructure to expand their diverse portfolio of piling equipment, with the intention to further drive cost efficiencies long-term.

ON BEHALF OF THE BOARD:

Mr R Wylie - Director

18 August 2026

The directors present their report with the financial statements of the company for the year ended 28 February 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the rental of plant and equipment.

DIVIDENDS

The total distribution of dividends for the year ended 28 February 2026 will be £1,041,750 (2025: £1,029,000).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 March 2025 to the date of this report.

Mr R Wylie

Mr G Townsley

Mrs S L Townsley

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 auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

AUDITOR

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R Wylie - Director

18 August 2026

Opinion

We have audited the financial statements of Bessacarr Properties Limited (the 'company') for the year ended 28 February 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 28 February 2026 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 Auditor 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 Auditor 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.

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 three, 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 Auditor 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 gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, 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 deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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

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

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 a Report of the Auditor 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.

Robert Watson BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Level 5a, Maple House

149 Tottenham Court Road

London

W1T 7NF

18 August 2026

TURNOVER

4

980,796

1,062,195

Cost of sales

384,000

-

GROSS PROFIT

596,796

1,062,195

Administrative expenses

959,664

298,116

(362,868

)

764,079

Other operating income

415,604

413,032

OPERATING PROFIT

6

52,736

1,177,111

Income from shares in group undertakings

487,200

175,000

Interest receivable and similar income

33,713

32,630

520,913

207,630

573,649

1,384,741

Interest payable and similar expenses

7

15,652

27,927

PROFIT BEFORE TAXATION

557,997

1,356,814

Tax on profit

8

51,998

273,318

PROFIT FOR THE FINANCIAL YEAR

505,999

1,083,496

PROFIT FOR THE YEAR

505,999

1,083,496

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

505,999

1,083,496

FIXED ASSETS

Tangible assets

10

1,909,960

1,749,172

Investments

11

27,432

27,432

1,937,392

1,776,604

CURRENT ASSETS

Debtors

12

6,524,799

7,017,495

Cash at bank

924,380

1,079,324

7,449,179

8,096,819

CREDITORS

Amounts falling due within one year

13

799,749

1,050,156

NET CURRENT ASSETS

6,649,430

7,046,663

TOTAL ASSETS LESS CURRENT LIABILITIES

8,586,822

8,823,267

CREDITORS

Amounts falling due after more than one year

14

(247,310

)

-

PROVISIONS FOR LIABILITIES

17

(286,063

)

(234,067

)

NET ASSETS

8,053,449

8,589,200

CAPITAL AND RESERVES

Called up share capital

18

1,500

1,500

Capital redemption reserve

19

35,000

35,000

Retained earnings

19

8,016,949

8,552,700

SHAREHOLDERS' FUNDS

8,053,449

8,589,200

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

Mr R Wylie - Director

Mr G Townsley - Director

Mrs S L Townsley - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 March 2024

1,500

8,498,204

35,000

8,534,704

Changes in equity

Dividends

-

(1,029,000

)

-

(1,029,000

)

Total comprehensive income

-

1,083,496

-

1,083,496

Balance at 28 February 2025

1,500

8,552,700

35,000

8,589,200

Changes in equity

Dividends

-

(1,041,750

)

-

(1,041,750

)

Total comprehensive income

-

505,999

-

505,999

Balance at 28 February 2026

1,500

8,016,949

35,000

8,053,449

1.	STATUTORY INFORMATION

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

2.	STATEMENT OF COMPLIANCE

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 are prepared in sterling which is the functional currency of the entity and rounded to the nearest pound.

The significant accountancy policies applied in the preparation of these financial statements have been set out below.

3.	ACCOUNTING POLICIES

General information and basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

-The requirement of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Bessacarr Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, DSS Group Limited, M & D House, Brooklands Road, Adwick-Le-Street, Doncaster, South Yorkshire, DN6 7BA.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover relating to equipment hire (sales) is recognised evenly over the period of hire.

Investment income is recognised as the company's right to receive payment is established.

Management charge income is accounted for on an accruals basis in the period in which it relates.

Rentals receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property

- 2% on cost

Plant and machinery

- 20%/25% on reducing balance

Fixtures and fitting

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Freehold land (included within freehold property) is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual, as arrangement either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4.

TURNOVER

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

5.	EMPLOYEES AND DIRECTORS

28.2.26

28.2.25

£

£

Pension costs

111,000

-

The average number of employees during the year was NIL (2025 - NIL).

28.2.26

28.2.25

£

£

Directors' remuneration

-

-

Directors' pension contributions to money purchase schemes

111,000

-

6.	OPERATING PROFIT

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

28.2.26

28.2.25

£

£

Hire of plant and machinery

384,000

-

Depreciation - owned assets

99,084

116,447

Depreciation - assets on hire purchase contracts

157,621

216,761

Profit on disposal of fixed assets

(51,533

)

(52,080

)

Auditors' remuneration

6,024

3,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

28.2.26

28.2.25

£

£

Hire purchase

15,652

27,927

8.

TAXATION

Analysis of the tax charge

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

28.2.26

28.2.25

£

£

Current tax:

UK corporation tax

-

355,121

Deferred tax

51,998

(81,803

)

Tax on profit

51,998

273,318

UK corporation tax has been charged at 25% (2025 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

28.2.26

28.2.25

£

£

Profit before tax

557,997

1,356,814

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

139,499

339,204

Effects of:

Depreciation in excess of capital allowances

273,288

244,779

Deferred taxation charge

(51,998

)

(81,805

)

Income from shares in group undertakings

(487,200

)

(175,000

)

Group loss relief

229,942

(1,780

)

Profit on disposal of assets

(51,533

)

(52,080

)

Total tax charge

51,998

273,318

9.

DIVIDENDS

28.2.26

28.2.25

£

£

'A' Ordinary shares of £1 each

Interim

1,041,750

1,029,000

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2025

1,108,288

4,537,023

4,027

181,500

5,830,838

Additions

-

495,960

-

-

495,960

Disposals

-

(490,000

)

-

(181,500

)

(671,500

)

At 28 February 2026

1,108,288

4,542,983

4,027

-

5,655,298

DEPRECIATION

At 1 March 2025

336,965

3,621,119

3,792

119,790

4,081,666

Charge for year

17,681

236,100

35

2,889

256,705

Eliminated on disposal

-

(470,354

)

-

(122,679

)

(593,033

)

At 28 February 2026

354,646

3,386,865

3,827

-

3,745,338

NET BOOK VALUE

At 28 February 2026

753,642

1,156,118

200

-

1,909,960

At 28 February 2025

771,323

915,904

235

61,710

1,749,172

Included in the cost of freehold property is freehold land of £200,000 (2025: £200,000) which is not depreciated.

In the year investment property was rented to another group entity and accounted for using the cost model. The net book value of such property is included in freehold property and amounts to £553,642 (2025: £571,324).

Included within the net book value above of £1,909,957 (2025: £1,749,173) is £805,019 (2025: £588,572) relating to assets held under hire purchase agreements. The depreciation charged on these assets during the year was £154,732 (2025: £196,191).

11.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2025

and 28 February 2026

27,432

NET BOOK VALUE

At 28 February 2026

27,432

At 28 February 2025

27,432

The company's investments at the Balance Sheet date in the share capital of companies include the following:

M&D Foundations and Building Services Limited

Registered office: M & D House, Brooklands Road, Adwick-le-Street, Doncaster, DN6 7BA.

Nature of business: Construction Industry

%

Class of shares:

holding

Ordinary

100.00

M&D Foundations (Midlands) Limited

Registered office: M & D House, Brooklands Road, Adwick-le-Street, Doncaster, DN6 7BA.

Nature of business: Construction Industry

%

Class of shares:

holding

Ordinary

88.00

M&D Foundations Limited

Registered office: M & D House, Brooklands Road, Adwick-le-Street, Doncaster, DN6 7BA.

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

M&D Foundations Eastern Limited

Registered office: M & D House, Brooklands Road, Adwick-le-Street, Doncaster, DN6 7BA.

Nature of business: Construction Industry

%

Class of shares:

holding

Ordinary

100.00

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Amounts owed by group undertakings

6,278,510

7,017,495

Other debtors

80,000

-

Tax

166,289

-

6,524,799

7,017,495

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Hire purchase contracts (see note 15)

136,313

188,663

Trade creditors

115,318

-

Corporation tax

-

220,435

Social security and other taxes

752

752

VAT

20,329

113,973

Other creditors

174,603

248,873

Directors' current accounts

348,036

273,062

Accruals and deferred income

4,398

4,398

799,749

1,050,156

14.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Hire purchase contracts (see note 15)

247,310

-