REGISTERED NUMBER: 00531509 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

EVERGREEN HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Bennett

SECRETARY:

S Bennett

REGISTERED OFFICE:

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

00531509 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

52,462

925,994

Investments

5

11,110

11,110

Investment property

6

1,500,000

500,000

1,563,572

1,437,104

CURRENT ASSETS

Debtors

7

111,738

1,844,740

Cash at bank

2,816,586

754,480

2,928,324

2,599,220

CREDITORS

Amounts falling due within one year

8

(1,165,722

)

(743,422

)

NET CURRENT ASSETS

1,762,602

1,855,798

TOTAL ASSETS LESS CURRENT LIABILITIES

3,326,174

3,292,902

CREDITORS

Amounts falling due after more than one year

9

(288,475

)

(376,198

)

NET ASSETS

3,037,699

2,916,704

CAPITAL AND RESERVES

Called up share capital

87,200

87,200

Revaluation reserve

12

-

477,887

Fair value reserve

12

664,212

130,360

Retained earnings

12

2,286,287

2,221,257

SHAREHOLDERS' FUNDS

3,037,699

2,916,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2025 and were signed by:

S Bennett - Director

1.	STATUTORY INFORMATION

Evergreen Holdings 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.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Evergreen Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

Turnover represents administration/management charges receivable from group companies, net of VAT.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

No depreciation is provided on the land included in freehold property.

The company had its freehold property revalued to fair value and has elected to use it as its deemed cost on transition to FRS102.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS

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 statement of financial position 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

Basic financial assets, which include inter-group loans and other 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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 December 2023

1,000,000

12,282

31,994

55,594

1,099,870

Additions

-

-

1,000

66,923

67,923

Disposals

-

-

-

(55,594

)

(55,594

)

Revaluations

(104,833

)

-

-

-

(104,833

)

Reclassification/transfer

(895,167

)

-

-

-

(895,167

)

At 30 November 2024

-

12,282

32,994

66,923

112,199

DEPRECIATION

At 1 December 2023

104,833

12,282

28,950

27,811

173,876

Charge for year

-

-

1,772

16,732

18,504

Eliminated on disposal

-

-

-

(27,810

)

(27,810

)

Reclassification/transfer

(104,833

)

-

-

-

(104,833

)

At 30 November 2024

-

12,282

30,722

16,733

59,737

NET BOOK VALUE

At 30 November 2024

-

-

2,272

50,190

52,462

At 30 November 2023

895,167

-

3,044

27,783

925,994

The company's freehold property was let out and accordingly it is reclassified as an investment property.

Cost or valuation at 30 November 2024 is represented by:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

12,282

32,994

66,923

112,199

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

Motor

vehicles

£

COST OR VALUATION

At 1 December 2023

11,745

Additions

26,729

Disposals

(11,745

)

At 30 November 2024

26,729

DEPRECIATION

At 1 December 2023

2,936

Charge for year

6,683

Eliminated on disposal

(2,936

)

At 30 November 2024

6,683

NET BOOK VALUE

At 30 November 2024

20,046

At 30 November 2023

8,809

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2023

and 30 November 2024

11,110

NET BOOK VALUE

At 30 November 2024

11,110

At 30 November 2023

11,110

At the balance sheet date, the company's investments in subsidiary undertakings were as follows:

Name of company

Proportion of Ordinary shares held

Nature of business

Clark Masts Systems Ltd

90%

Manufacturing of masts and trading in lighting products.

Clark Masts Teksam Ltd

100%

Dormant

Teklite U.K. Ltd

100%

Dormant

Scope Technical Sales Ltd (ex Evergreen Leasing & Finance Ltd)

100%

Dormant

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

500,000

Reclassification/transfer

1,000,000

At 30 November 2024

1,500,000

NET BOOK VALUE

At 30 November 2024

1,500,000

At 30 November 2023

500,000

The director is of the opinion the investment properties carried in the balance sheet are reflective of the market value at the balance sheet date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,154

-

Amounts owed by group undertakings

-

1,741,371

Other debtors

110,584

103,369

111,738

1,844,740

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

73,033

41,853

Hire purchase contracts (see note 10)

8,995

2,871

Trade creditors

14,415

14,557

Amounts owed to group undertakings

1,009,079

635,830

Taxation and social security

53,345

35,530

Other creditors

6,855

12,781

1,165,722

743,422

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

275,733

376,198

Hire purchase contracts (see note 10)

12,742

-

288,475

376,198

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

84,607

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Gross obligations repayable:

Within one year

10,508

3,064

Between one and five years

14,886

-

25,394

3,064

Finance charges repayable:

Within one year

1,513

193

Between one and five years

2,144

-

3,657

193

Net obligations repayable:

Within one year

8,995

2,871

Between one and five years

12,742

-

21,737

2,871

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

348,766

418,051

The bank loan is secured by way of a first legal charge over the company's freehold properties together with a cross guarantee and debenture by and between the company, Clark Masts Systems Limited and Bennett Telemat Limited.

12.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 December 2023

2,221,257

477,887

130,360

2,829,504

Profit for the year

120,995

120,995

Fair value reserve - transfer

(533,852

)

-

533,852

-

Transfer on reclassification

477,887

(477,887

)

-

-

At 30 November 2024

2,286,287

-

664,212

2,950,499

13.	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.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is S Bennett.

The ultimate controlling party is S Bennett.