REGISTERED NUMBER: 04660007 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

Sirius Engineering Group Ltd

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

9

Consolidated Statement of Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

20

DIRECTORS:

P E Kane

M J Powell

S Robinson

SECRETARY:

S Robinson

REGISTERED OFFICE:

Russel House

Mill Road

Langley Moor

Durham

Co. Durham

DH7 8HJ

REGISTERED NUMBER:

04660007 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS AND OUTLOOK

Sirius Engineering Group is a design and build enabling works specialist delivering integrated consultancy, ground engineering and contracting services to the land development sector. Operating across the United Kingdom from regional offices in Durham, Leeds, Warrington and Llanelli, the Group provides services including demolition, earthworks, remediation, drilling and civil engineering, supported by a cutting-edge plant and technologies division. The Group also provides geotechnical, environmental and planning consultancy services.

The Group's competitive advantage lies in its ability to provide a single integrated solution from initial investigation through to development readiness, often on a design and build basis. This enables clients to de-risk complex brownfield and greenfield sites and progress technically challenging developments with confidence.

Operating since 2003, Sirius has developed a stable repeat-business client base across several principal sectors including residential, commercial and retail development, waste management and renewable energy. In 2023, coinciding with its 20th anniversary, the Group transitioned to employee ownership, supporting long-term succession and aligning the future success of the business with the people who have helped to build it.

The results for the year and the financial position of the Group are set out on pages 13 to 39.

Key Performance Indicators:

The Group's KPIs for the year were:

2025

2024

£'000s

£'000s

Turnover

69,232

48,954

Gross Profit %

23.9%

24.2%

EBITDA

8,419

4,702

EBITDA %

12.2%

9.6%

Financial Performance

The Directors are pleased to report a strong financial performance for the year ended 31 December 2025. The Group delivered turnover of £69.2 million (2024: £49.0 million) and profit before taxation of £5.1 million (2024: £1.7 million), reflecting continued growth across the Group's integrated service offering, strong operational delivery and the successful execution of a number of significant projects throughout the year.

The Group also strengthened its balance sheet, increasing net assets to £13.7 million and generating strong operating cash flows during the period. During the year, the Group continued to invest in its specialist plant fleet and technologies, committing over £3 million to new equipment to support operational delivery, improve efficiency and strengthen service capability across the Group.

Market Outlook

The Group's principal market remains the residential land development sector. Notwithstanding wider economic challenges, underlying housing demand across the UK continues to exceed supply. The UK Government's stated objective to deliver 1.5 million new homes over the current Parliament provides favourable medium and long-term market fundamentals for the Group's services and supports continued demand for remediation, ground engineering, infrastructure and enabling works.

Since the year end, geopolitical developments have increased uncertainty within both the UK and global economy. Ongoing international tensions have contributed to volatility in energy markets, higher fuel prices and inflationary pressures across parts of the construction supply chain. In addition, continued uncertainty regarding economic growth, interest rates and consumer confidence has led to more cautious investment and development decisions within certain sectors.

As a result, the Directors anticipate that trading conditions during the first half of 2026 will be more challenging than those experienced during the record performance achieved in 2025. Whilst the Group entered the year with a healthy order book and strong operational pipeline, project commencements and client decision-making have generally lengthened in response to current market conditions.

Despite these short-term headwinds, the Directors remain confident in the Group's long-term outlook. Alongside its established residential offering, the Group continues to secure opportunities within adjacent sectors including infrastructure, industrial and commercial development, environmental services and renewable energy projects, often through existing client relationships that value the Group's technical expertise and proven delivery capability. The Group continues to invest in its people and operational capabilities in order to capitalise on opportunities as market conditions improve.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the Group and how they may affect its performance, position or future prospects are set out below:

Health, safety and environmental

The Group is subject to health, safety and environmental risks inherent in the work undertaken. The Board and business unit leads promote a strong health and safety culture underpinned by procedures that are continually assessed to ensure best practice. Ongoing training is provided to employees, and the Group employs four full-time qualified health and safety professionals, supported by external specialist consultants where required.

Financial risk management

The Group seeks to minimise financial risk through the preparation of budgets and forecasts, regular monitoring of actual performance against those forecasts and maintaining adequate sources of finance to meet the requirements of the business. The Group's principal financial instruments comprise bank balances, hire purchase agreements, trade and subcontract creditors and trade debtors arising from its operations.

Credit risk

Amounts receivable relate largely to applications on contracts across the Group's stable customer base. The Group has policies concerning credit offered to customers and regularly monitors amounts outstanding by both ageing and credit limit.

Liquidity risk

The Group manages working capital and cash availability through negotiation with clients and suppliers and regular cash flow forecasting to ensure that sufficient funds are available to meet amounts due.

Recruitment and retention of skilled employees

The construction and engineering sectors continue to experience challenges in recruiting and retaining skilled employees. The Group mitigates this risk through investment in training and development, apprenticeship programmes, competitive employee benefits and the provision of a safe and positive working environment.

Fuel and supply chain inflation

The Group is exposed to fluctuations in fuel prices and wider supply chain cost inflation, which may impact project margins. This risk is mitigated through proactive procurement, strategic supplier relationships, disciplined contract pricing and continued investment in operational efficiency.

Market conditions and client investment

The Group's principal market remains linked to residential land development and wider construction activity. A reduction in developer confidence, planning delays or funding constraints may affect the timing of project commencements. The Group mitigates this risk through strong client relationships, a healthy operational pipeline and continued diversification into adjacent sectors including infrastructure, industrial and commercial development, environmental services and renewable energy.

SECTION 172(1) STATEMENT

The Directors acknowledge their duty under Section 172 of the Companies Act 2006 to act in the way they consider, in good faith, most likely to promote the success of the Company for the benefit of its members as a whole, whilst having regard to the interests of employees, customers, suppliers, subcontractors, local communities, the environment and other stakeholders.

As an employee-owned business, the Board's approach to decision making is naturally aligned with the long-term interests of employees and wider stakeholders. The Directors recognise that the sustainable success of the Group depends upon maintaining strong relationships with customers, suppliers, employees and local communities, whilst continuing to invest in operational capability and technical expertise.

Employees

Employees are fundamental to the Group's success, and the Board remains committed to fostering a culture of engagement, collaboration, safety and continuous professional development. Throughout the year, the Group continued to invest in training, workforce development and succession planning across its engineering and operational teams.

A notable initiative during the year was the introduction of the Group's Plant Operator Apprenticeship Scheme, which has proven successful in attracting and developing new talent. The programme supports the Group's long-term skills strategy whilst creating valuable career opportunities within the communities in which it operates.

Customers

The Group's reputation is built upon long-standing customer relationships, repeat business and the consistent delivery of technically robust, high-quality solutions. The Directors regularly review project performance and market opportunities to ensure that the Group continues to respond to evolving client requirements.

Suppliers and Subcontractors

The Group recognises the importance of maintaining fair and mutually beneficial relationships with suppliers, subcontractors and service partners. Suppliers are treated fairly and payment practices are managed responsibly and consistently with commercial agreements wherever possible.

The Directors have established procedures to ensure that external suppliers are individually approved and meet the health and safety, regulatory and financial standards required by the Group. Strong supplier relationships assist in ensuring continuity of service, managing supply chain risks and delivering value to clients.

Health, Safety and Environment

The Board places significant emphasis on health, safety and environmental performance. The Group continues to invest in systems, training and compliance procedures to protect employees, subcontractors, customers and members of the public, while seeking to deliver projects responsibly and minimise environmental impacts wherever practical.

Communities and Social Value

The Directors recognise the importance of making a positive contribution to the communities in which the Group operates. Alongside creating employment opportunities, supporting apprenticeships and engaging local supply chains, the Group supports local charities, grassroots sports clubs and community initiatives.

During 2025, the Group established an employee-led Charity Committee, enabling employees to nominate and vote for the Group's chosen charity partner and organise fundraising activities throughout the year. The Directors believe this initiative strengthens employee engagement and reinforces the Group's employee-owned culture.

The Group also continued to support local sports clubs, community events and charitable initiatives, including its role as headline sponsor of KidsOut Leeds and sponsorship activity in support of the Royal National Lifeboat Institution and the Great North Air Ambulance Service. The Board believes these activities create meaningful social value, strengthen community relationships and reflect the values of the Group as a responsible employee-owned business.

Long-Term Decision Making

When making significant decisions, the Directors consider the likely long-term consequences of those decisions, including their impact on employees, customers, suppliers, the Group's reputation and financial sustainability.

Key decisions during the year included significant investment in the Group's specialist plant fleet and technologies, the introduction of the Plant Operator Apprenticeship Scheme and continued investment in operational capability and technical expertise. In making these decisions, the Board considered the long-term benefits for employees, customers, suppliers, employee owners and the wider communities in which the Group operates.

The Board considers that throughout the year it has acted in accordance with its duties under Section 172 of the Companies Act 2006 and has had regard to the interests of the Company's stakeholders when making decisions and promoting the long-term success of the Group.

ON BEHALF OF THE BOARD:

S Robinson - Director

18 September 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activities of the group in the year under review were land reclamation and remediation, site investigation and geoenvironmental consultancy, the provision of geotechnical and drilling services, demolition and asbestos removal and environmental services, human resource and information technology support services, renting and leasing of construction and civil engineering machinery and equipment and consultancy services.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

FUTURE DEVELOPMENTS

The group continues to develop and expands it client base, area of operation and scope of services provided. The directors consider that the current workload and prospects are reasonable having regard to prevailing market conditions.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

P E Kane

M J Powell

S Robinson

POLITICAL DONATIONS AND EXPENDITURE

No political donations were made by the group during the year.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

The Company has developed a stable and loyal customer base, with many customers having worked with the business for a number of years. The Directors regard these customers as valued partners and work closely with them to understand their objectives and provide practical solutions that help them achieve their aims. This long-standing customer base provides a strong platform for the business and reflects the Company's focus on quality, reliability and service delivery.

The Company also maintains strong relationships with its suppliers and subcontractors, many of whom have supported the business over a number of years. The Directors recognise the importance of these relationships to the successful delivery of projects and seek to maintain open communication, fair dealing and a collaborative approach throughout the supply chain.

Being an Employee-Owned business the Directors also recognise the importance of engagement with employees, local communities and other stakeholders affected by the Company's activities. Feedback received through these relationships helps inform decision-making and supports the continued development and long-term success of the business.

STREAMLINED ENERGY AND CARBON REPORTING

Under the Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon) Regulations 2018, we are mandated to disclose our UK energy use and associated greenhouse gas (GHG) emissions. As a minimum, we are required to report the GHG emissions from fuel combustion, purchased energy and transport vehicles, under Streamlined Energy and Carbon Reporting (SECR). Additionally, the use of an intensity ratio and an outline of implemented efficiency measures are required under the Streamlined Energy and Carbon Reporting (SECR) regulations.

To ensure a high level of transparency is achieved, robust and recognised reporting methods are implemented. The reporting methodology involves usage of the DESNZ 2025 (Department for Energy Security and Net Zero) emissions factors to calculate and assess our UK operational emissions.

The SECR reporting period covers Sirius Engineering Group Limited's operations from 1st January 2025 to 31st December 2025 and our calculations are for the following scopes:

- Site-related energy - Onsite fuel combustion (Scope 1), combustion of natural gas at site (Scope 1), and purchased building electricity consumption (Scope 2).

- Transportation - Fuel combustion in company owned or operated vehicles (Scope 1), electricity consumption in electric company vehicles (Scope 2), and expensed business travel in personal or short-term hire vehicles (Scope 3).

Calculation Methodology

Sirius Engineering Group Limited's emissions have been assessed in accordance with the 'GHG Protocol Corporate Accounting and Reporting Standard' and in line with DESNZ's 'Environmental reporting guidelines: including Streamlined Energy and Carbon Reporting Requirements'. The DESNZ 2025 emission conversion factors were used to quantify the emissions associated with Sirius Engineering Group Limited's UK operations for the specified reporting period. Where first hand energy consumption data was unavailable, pro-rata extrapolation, benchmarking and direct comparison estimation methodologies have been used.

Organisational Boundary

We have used the operational control approach.

Results

Reporting Period

1st January 2024 - 31st December 2024

1st January 2025 - 31st December 2025

Area

Metric

UK & Offshore

UK & Offshore

Fuel combustion in company

Energy (kWh)

2,034,540.75

2,045,039.71

owned or operated vehicles (Scope 1)

Emissions (tCO2e)

483.56

519.48

Combustion of natural gas at site

Energy (kWh)

138,707.94

123,517.35

(Scope 1)

Emissions (tCO2e)

25.41

22.61

On-site fuel combustion

Energy (kWh)

16,295,416.08

24,890,501.67

(Scope 1)

Emissions (tCO2e)

3,895.63

6,460.15

Purchased electricity (Scope 2)

Energy (kWh)

157,991.77

164,341.13

Emissions (tCO2e)

32.71

29.09

Electric Vehicles (Scope 2)

Energy (kWh)

17,579.33

37,672.07

Emissions (tCO2e)

3.64

6.68

Expensed business travel in

Energy (kWh)

396,009.64

326,360.03

personal or short-term hire vehicles (Scope 3)

Emissions (tCO2e)

95.36

79.00

Intensity Ratio

(tCO2e / £m Turnover)

92.66

102.80

Intensity Ratio

(tCO2e / Employee)

21.00

29.29

Total Energy Consumption

(kWh)

19,040,245.51

27,587,431.98

Total Emissions

(tCO2e)

4,536.31

7,117.00

Intensity Metrics

The chosen intensity ratios are emissions (tCO2e) per employee and emissions (tCO2e) per £M turnover. These were chosen as appropriate activity metrics considering the nature of our operations.

Energy Efficiency Measures

During the reporting period we have implemented the following:

- We have installed LED lighting at our Durham site.

- We continue to provide hybrid and electric vehicles to our staff.

- We have replaced existing multifunction devices with newer, energy-efficient models.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are 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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

S Robinson - Director

18 September 2026

Opinion

We have audited the financial statements of Sirius Engineering Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page eight, 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 group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

Based on our understanding of the industry, we have considered applicable laws and regulations which may be fundamental to the company's ability to operate or to avoid a material penalty, and we considered the extent to which non-compliance might have a material effect on the financial statements. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate manual journal entries to manipulate financial performance, management bias in significant accounting estimates and any significant one-off or unusual transactions.

We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

Audit procedures performed by the engagement team included:

-

Enquiry of management and those charged with governance around actual and potential litigation and claims.

-

Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations

-

Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

-

Challenging estimates and judgements made by management in their significant accounting estimates.

-

Revenue recognition; agreeing a sample of revenue transactions to gain assurance over the occurrence and accuracy of revenue and also to ensure revenue has been recognised in the correct period.

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 Auditors.

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 Auditors 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.

Helen Wilson FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

18 September 2026

TURNOVER

2

69,231,817

48,954,386

Cost of sales

52,657,649

37,103,684

GROSS PROFIT

16,574,168

11,850,702

Administrative expenses

10,989,781

9,765,666

5,584,387

2,085,036

Other operating income

76,145

-

OPERATING PROFIT

5,660,532

2,085,036

Interest receivable and similar income

36,233

50,431

5,696,765

2,135,467

Interest payable and similar expenses

4

575,360

399,723

PROFIT BEFORE TAXATION

5

5,121,405

1,735,744

Tax on profit

6

1,400,588

161,206

PROFIT FOR THE FINANCIAL YEAR

3,720,817

1,574,538

OTHER COMPREHENSIVE INCOME

Capital distribution

(3,000,000

)

(1,000,000

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(3,000,000

)

(1,000,000

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

720,817

574,538

Profit attributable to:

Owners of the parent

3,645,247

1,559,206

Non-controlling interests

75,570

15,332

3,720,817

1,574,538

Total comprehensive income attributable to:

Owners of the parent

645,247

559,206

Non-controlling interests

75,570

15,332

720,817

574,538

FIXED ASSETS

Intangible assets

9

2,304,528

2,810,126

Tangible assets

10

7,457,807

6,806,100

Investments

11

Interest in associate undertaking

3

3

9,762,338

9,616,229

CURRENT ASSETS

Stocks

12

-

5,769

Debtors

13

13,363,860

12,557,475

Cash at bank and in hand

12,423,165

7,889,012

25,787,025

20,452,256

CREDITORS

Amounts falling due within one year

14

16,767,100

12,588,078

NET CURRENT ASSETS

9,019,925

7,864,178

TOTAL ASSETS LESS CURRENT LIABILITIES

18,782,263

17,480,407

CREDITORS

Amounts falling due after more than one year

15

(3,936,376

)

(3,884,837

)

PROVISIONS FOR LIABILITIES

19

(1,169,500

)

(640,000

)

NET ASSETS

13,676,387

12,955,570

CAPITAL AND RESERVES

Called up share capital

20

500

500

Merger relief reserve

21

1,989,800

1,989,800

Retained earnings

21

11,647,316

11,002,069

SHAREHOLDERS' FUNDS

13,637,616

12,992,369

NON-CONTROLLING INTERESTS

22

38,771

(36,799

)

TOTAL EQUITY

13,676,387

12,955,570

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

S Robinson - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

247,075

208,748

Investments

11

11,735,147

11,735,147

11,982,222

11,943,895

CURRENT ASSETS

Debtors

13

1,026,096

800,884

CREDITORS

Amounts falling due within one year

14

10,401,406

9,811,116

NET CURRENT LIABILITIES

(9,375,310

)

(9,010,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,606,912

2,933,663

CREDITORS

Amounts falling due after more than one year

15

(1,342,664

)

(1,437,869

)

PROVISIONS FOR LIABILITIES

19

(44,000

)

(50,000

)

NET ASSETS

1,220,248

1,445,794

CAPITAL AND RESERVES

Called up share capital

20

500

500

Merger relief reserve

21

1,989,800

1,989,800

Retained earnings

21

(770,052

)

(544,506

)

SHAREHOLDERS' FUNDS

1,220,248

1,445,794

Company's profit for the financial year

2,774,454

438,677

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

S Robinson - Director

Called up

Merger

share

Retained

relief

capital

earnings

reserve

£

£

£

Balance at 1 January 2024

500

10,442,863

1,989,800

Changes in equity

Total comprehensive income

-

559,206

-

Balance at 31 December 2024

500

11,002,069

1,989,800

Changes in equity

Total comprehensive income

-

645,247

-

Balance at 31 December 2025

500

11,647,316

1,989,800

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 January 2024

12,433,163

(52,131

)

12,381,032

Changes in equity

Total comprehensive income

559,206

15,332

574,538

Balance at 31 December 2024

12,992,369

(36,799

)

12,955,570

Changes in equity

Total comprehensive income

645,247

75,570

720,817

Balance at 31 December 2025

13,637,616

38,771

13,676,387

Called up

Merger

share

Retained

relief

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

500

16,817

1,989,800

2,007,117

Changes in equity

Total comprehensive income

-

(561,323

)

-

(561,323

)

Balance at 31 December 2024

500

(544,506

)

1,989,800

1,445,794

Changes in equity

Total comprehensive income

-

(225,546

)

-

(225,546

)

Balance at 31 December 2025

500

(770,052

)

1,989,800

1,220,248