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

The principal activity of the company was that of a trade association representing the interests of United Kingdom precast concrete manufactures. After the 2021 balance sheet date the company ceased trading and is following the dissolution procedures contained within the Memorandum and Articles of Association. As a result of the closure, the company is not considered to be a going concern. Further details are disclosed in the notes to the accounts.

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

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 company’s auditor is unaware. Additionally, the director individually has taken all the necessary steps that they ought to have taken as a director in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

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

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members of liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation. The registered office is The Old Rectory, Main Street, Glenfield, Leicester, LE3 8DG.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. 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.

At the date of approval of these accounts the activities of The British Precast Concrete Federation had ceased and the company is being dissolved in accordance with its governing documents. The Mineral Products Association, who provided management services to The British Precast Concrete Federation, are continuing the activities which the company undertook. The product associations, which are separate legal entities managed by The British Precast Concrete Federation, have also ceased and have been reformed as required by The Mineral Products Association. Further details are disclosed in note 6.

In order to qualify as a going concern, a company must be expected to continue for twelve months after the date of approval of the accounts. Due to the closure of the The British Precast Concrete Federation the company does not qualify for the going concern accounting treatment.

FRS 102 does not specify the policies to be used in the event of the accounts being prepared on a non-going concern basis. The company had no fixed assets which would be expected to be written down to their recoverable value. All material debtors not received by the date of approval of the accounts, have been considered to be irrecoverable.

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 company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

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 company after deducting all of its liabilities.

Basic financial liabilities, including creditors and loans from product associations, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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 at transaction price.

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

The tax currently payable is based on interest earned for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Dissolution distributions are accounted for on an accruals basis. Once a distribution has commenced, the full value of that distribution is included within the accounts and any amounts due to members not settled by the balance sheet date are shown as a creditor. Where previous distributions were not claimed, these have been added back to the surplus to be distributed amongst the remaining former members.

Product Associations

Product associations were formed in accordance with the articles of association of The British Precast Concrete Federation Limited. In accordance with the by-laws, each product association was self-financing in pursuit of its own objectives and are not part of the British Precast Concrete Federation Limited.

During the 2024 year the majority of the funds due to be returned to the members of the product associations had been retuned. The final £3,486 was returned in the current year to the MPA Masonry Group on behalf of the MMA.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

The average monthly number of persons (including directors) employed by the company under a contract of employment during the year was nil (2024 - nil).

In previous years it was thought possible that the tax status of the product associations could be challenged by HMRC. The product associations have now been dissolved and the director considers that the likelihood of liability to the Federation in respect of any product association tax is remote.

At the balance sheet date there was no amounts owed to MPA (2024: £nil).

The total owing to the product associations at the balance sheet date was £nil (2024: £3,486). The remaining balance was paid to the MPA Masonry Group on behalf of the MMA.

On the 13th April 2021 the members approved a resolution to allow the directors to wind down the activities of The British Precast Concrete Federation in advance of the interests of the precast industry being managed within The Mineral Products Association. The approved change was enacted from the 1st January 2022. At this point the product associations, which were separate legal entities managed by The British Precast Concrete Federation, also ceased and have been reformed as required by The Mineral Products Association.

During 2023 the Federation repaid the majority of the product association balances. During 2024 the company commenced the distribution of the surplus Federation funds in accordance with the governing documents. Further distributions were made in the current year.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its deficit 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.

Emphasis of matter

We draw your attention to note 1.2 of the accounting policies. This note explains that the directors took the decision to cease the activities of The British Precast Concrete Federation from 1st January 2022. Accordingly, this company is not a going concern.

We also draw your attention to note 4 of the accounts which described the ongoing review of the taxation status of the product associations.

Our opinion is not modified in this matter.