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REGISTERED NUMBER: 01356797 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| John Eliot (Footwear) Limited |

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| John Eliot (Footwear) Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | S I Neville-Eliot

| M J Neville-Eliot

| REGISTERED OFFICE: | Unit 11 High Street

| The Prince Bishops Shopping Centre

| Durham

| DH1 3UJ

| REGISTERED NUMBER: | 01356797 (England and Wales)

| ACCOUNTANTS: | Clive Owen LLP

| Chartered Accountants

| Kepier House

| Belmont Business Park

| Durham

| DH1 1TW

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 18,749 |  | 21,574 |  |

Tangible assets | 5 | 204,263 |  | 271,115 |  |

223,012 |  | 292,689 |  |

CURRENT ASSETS

Stocks | 569,870 |  | 578,893 |  |

Debtors | 6 | 348,700 |  | 477,981 |  |

Cash at bank | 435,241 |  | 299,095 |  |

1,353,811 |  | 1,355,969 |  |

CREDITORS

Amounts falling due within one year | 7 | (868,237 | ) | (730,856 | ) |

NET CURRENT ASSETS | 485,574 |  | 625,113 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 708,586 |  | 917,802 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (15,167 | ) | (41,167 | ) |

PROVISIONS FOR LIABILITIES | 10 | (33,534 | ) | (42,042 | ) |

NET ASSETS | 659,885 |  | 834,593 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 550 |  | 550 |  |

Capital redemption reserve | 450 |  | 450 |  |

Retained earnings | 658,885 |  | 833,593 |  |

SHAREHOLDERS' FUNDS | 659,885 |  | 834,593 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Balance Sheet - continued

31 December 2024

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:

M J Neville-Eliot - Director

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| John Eliot (Footwear) 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.

| There were no material departures from that standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| The accounting period was shortened to 31 December in the prior period, therefore the current period represents 12 months of trade and the prior period represents 11 months.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue recognition

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

| less any accumulated amortisation and any accumulated impairment losses.

| Franchise fees are being amortised evenly over their estimated useful life of 10 years.

| Goodwill relates to an acquisition of a business, this is now fully amortised.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | over period of the lease

| Furniture,fittings & equipment | - | 33% on cost and 10% on cost

| Tangible fixed assets are measured at cost less depreciation and impairment.

| Stocks

| Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Leasing commitments

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 85 (2023 - 94 ) .

4. | INTANGIBLE FIXED ASSETS

| Franchise |

| Goodwill |  | fees |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 10,000 |  | 42,000 |  | 52,000 |  |

| AMORTISATION

| At 1 January 2024 | 10,000 |  | 20,426 |  | 30,426 |  |

| Amortisation for year | - |  | 2,825 |  | 2,825 |  |

| At 31 December 2024 | 10,000 |  | 23,251 |  | 33,251 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 18,749 |  | 18,749 |  |

| At 31 December 2023 | - |  | 21,574 |  | 21,574 |  |

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Short |  | Furniture,fittings |

| leasehold |  | & equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 166,033 |  | 1,228,828 |  | 1,394,861 |  |

| Additions | - |  | 2,705 |  | 2,705 |  |

| Disposals | (47,972 | ) | (837,197 | ) | (885,169 | ) |

| At 31 December 2024 | 118,061 |  | 394,336 |  | 512,397 |  |

| DEPRECIATION

| At 1 January 2024 | 155,712 |  | 968,034 |  | 1,123,746 |  |

| Charge for year | 6,652 |  | 40,045 |  | 46,697 |  |

| Eliminated on disposal | (47,972 | ) | (814,337 | ) | (862,309 | ) |

| At 31 December 2024 | 114,392 |  | 193,742 |  | 308,134 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,669 |  | 200,594 |  | 204,263 |  |

| At 31 December 2023 | 10,321 |  | 260,794 |  | 271,115 |  |

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

2024 | 2023 |

£ | £ |

| Other debtors | 296,543 |  | 410,816 |  |

| Prepayments and accrued income | 52,157 |  | 67,165 |  |

348,700 |  | 477,981 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 26,000 |  | 26,000 |  |

| Trade creditors | 632,093 |  | 353,085 |  |

| Taxation and social security | 72,651 |  | 86,974 |  |

| Other creditors | - |  | 5,957 |  |

| Directors' current accounts | 45,985 |  | 61,985 |  |

| Accruals and deferred income | 91,508 |  | 196,855 |  |

868,237 |  | 730,856 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 15,167 |  | 26,000 |  |

| Bank loans - 2-5 years | - |  | 15,167 |  |

15,167 |  | 41,167 |  |

| John Eliot (Footwear) Limited (Registered number: 01356797) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 300,305 |  | 272,479 |  |

| Between one and five years | 931,241 |  | 477,981 |  |

| In more than five years | 215,945 |  | 291,151 |  |

1,447,491 |  | 1,041,611 |  |

10. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 33,534 |  | 42,042 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 42,042 |  |

| Accelerated capital allowances | (8,508 | ) |

| Balance at 31 December 2024 | 33,534 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 450 | Ordinary | £1 | 450 |  | 450 |  |

| 100 | A Ordinary | £1 | 100 |  | 100 |  |

550 |  | 550 |  |

12. | RELATED PARTY DISCLOSURES

| There were no related party transactions other then those concluded under normal market conditions, except for those shown below.

|  | 2024 |  |  | 2023 |  |

|  | £ |  |  | £ |  |

| Amount due to directors |  | 45,985 |  |  | 61,985 |  |

| No interest has been charged.