REGISTERED NUMBER: 02126698 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EAST RIDING HOLDINGS COMPANY

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

8

Consolidated Statement of Comprehensive Income

11

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:

Mr D B Dunn

Mr A Brocklehurst

Mr P A Ewen

Mr N G Fraser

Mr A Drant

REGISTERED OFFICE:

5&6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

02126698 (England and Wales)

AUDITORS:

Fortus Audit LLP

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

The group consists of a holding company, three trading companies and two dormant companies. East Riding Sacks Limited manufactures and sells paper sacks, Trenton (Hull) Limited sells motor cars and Trenton Business Systems Limited provided IT services but is no longer active. Trenton (Hull) Limited entered into liquidation on 16th October 2024 and results are included to this date. The results for the group show a pre-tax loss of £135,965 (2023: loss £434,211) for the year and sales of £78.5M (2023: £107.7M).

BUSINESS ENVIRONMENT

East Riding Sacks Limited is the largest paper sack manufacturer in the United Kingdom. It produces paper sacks for a variety of industries, but mainly food and industrial companies, both in the United Kingdom and Europe. The results for the company show a pre-tax profit of £1,020,942 (2023: loss £2,625,112) for the year and sales of £29.27 million (2023: £29.61 million). The results of the group of which East Riding Sacks Limited is a 99% subsidiary, can be found in the accounts of East Riding Holdings Company which is the holding company of the group.

We are confident that due to investment in equipment and employees in the recent past we will be able to continue to maintain our share of the market, in spite of the current economic climate, due to the quality of the product we produce, the service that we provide and the steps we have taken to safeguard our future purchases and sales using our best estimates as to what the future will bring. We expect the market we are in to remain competitive during the remainder of 2025 and into 2026 and we remain confident that we can maintain our level of performance in the future. During the year the Company replaced one truck and will complete the upgrade of its transport fleet during 2025. Due to the lack of capacity in the UK paper bag market for small flour/sugar bags, and at the request of many of our paper sack customers, the Company has, since the year end, invested in a new small paper bag machine. This machine will be commissioned in the autumn of 2025 and will provide an extra revenue stream for the Company not previously entered in to.

The Trust and holding company can continue to draw confidence from the ongoing developments within the company and the profitable platform it continues to build for the continued future success of the group.

STRATEGY

The group's overriding objective is to achieve a sustained rate of growth by consolidating its market share in the areas it already operates in and moving in to new markets when a profitable opportunity arises. The key elements to the group's strategy for growth are to build a broad product range based on quality and reliability, continued investment in equipment at the factory and showrooms, to remain competitive and the retention of the key members of the workforce to maintain good communications with customers and suppliers both old and new.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the Group's strategy are subject to a number of risks.

The key business risks and uncertainties affecting the Group are considered to relate to the state of the world economy, and the UK in particular, competition from both national and international manufacturers, the costs of raw materials, which are almost entirely imported, employee retention and the control of costs related to them and the effect of electricity charges on the economy in general and the Company in particular. The cost of raw materials is also affected considerably by the Sterling/Euro exchange rate. To mitigate this potential risk the Company have secured new contracts from all our major paper suppliers at very competitive prices for 2025 ensuring we have all the paper required contracted for the year. The Company has also secured a long-term electricity supply for 2025/6 also at very competitive prices as well as now reaping the benefits of the solar panels installed in 2024 in reducing energy costs. The company has invested in a new marketing department which is proving successful in opening up new markets and hence introducing new customers to the business.

KEY PERFORMANCE INDICATORS

EAST RIDING SACKS LIMITED

2024

2023

Gross profit margin

31.32%

29.33%

Net profit margin (before tax)

3.49%

(8.87)%

SECTION 172(1) STATEMENT

The Board of Directors, in line with their duties under s172 of the Companies Act 2006, act in a way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so have regard to a range of matters when making decisions for the long term. Key decisions and matters that are of strategic importance to the Company are appropriately informed by s172 factors.

At East Riding Holdings Company and its subsidiaries, our Board of Directors, management and employees are committed to upholding high standards of corporate governance and business ethics. We firmly believe that timely disclosures, transparent accounting policies, rigorous internal control systems and a strong and independent Board go a long way in preserving shareholder trust while maximising long-term shareholder value.

This s172 statement explains how East Riding Holdings Company and its subsidiaries Directors:

- Have engaged with employees, suppliers, customers and others; and

- Have had regard to employee interests, the need to foster the company's business relationships with suppliers, customers and others, and the effect of that regard, including on the principal decisions taken by the company during the financial year.

The s172 statement focuses on matters of strategic importance to East Riding Holdings Company and its subsidiaries, and the level of information disclosed is consistent with the size and the complexity of the business.

General confirmation of directors' duties

East Riding Holdings Company and its subsidiaries have a number of Committees appointed by the Board at group level to focus on specific areas and take informed decisions within the framework of delegated authority, and make specific recommendations to the Board. All decisions and recommendations of the committees are placed before the Board for information or for approval.

When making decisions, each Director ensures that they act in the way they consider, in good faith, would most likely promote the Group' success for the benefit of its members as a whole, and in doing so have regard (among matters) to:

The likely consequences of any decision in the long term

The Directors understand the business and the demand to innovate the latest products in order to ensure the ongoing success of the group. Whilst investing for the future, the Board also recognises that we must focus on meeting the current supply and demand and the requirements of our suppliers and customers.

The interests of the company's employees

At East Riding Holdings Company and its subsidiaries employees are at the heart of our business. The Management team invites a fair and open two way relationship with all employees. We believe in respecting every individual, regardless of position. At East Riding Holdings Company and its subsidiaries employees are heard and have the opportunity to express their opinion. The organisation believes in equality and discourages any discrimination based on any caste, creed, race, religion, age and gender etc. We are committed to employee's safety and well-being. Our HR policies are well documented and available to each employee. Management assumes responsibility that such policies are adhered to.

The need to foster the company's business relationships with suppliers, customers and others

Customers and suppliers are key stakeholders in our business. In a competitive price driven environment, stock is the vital component at the keenest price. We engage in regular communication with our suppliers as well as customers. We recognise the fact that the stronger the relationships with suppliers the more we are able to serve our customers better. We remain committed to all our stakeholders for ethical business practices.

The impact of the company's operations on the community and environment

At East Riding Holdings Company we are focussed on serving the community and future sustainability. The trading subsidiaries are focussed on reducing the environmental footprint across all operations.This is prevalent in the car dealership business which has a number of environmental factors to consider mainly the impact of petrol and diesel cars on the environment. The motor industry is moving towards the targets for removing the petrol and diesel cars from production. The subsidiary is reliant on Nissan, Peugeot, Citroën, SsangYong and Dodge's ability to respond to changing customer tastes and trends for new cars.

The desirability of the company maintaining a reputation for high standards of business conduct

East Riding Holdings Company and its subsidiaries Boards periodically review their Corporate Governance requirements as the commitment to upholding the highest standards are set at board level but is filtered down throughout the whole group organisation.

The need to act fairly as between members of the company

The Directors consider and focus their attention to ensure that the company's performance is in line with their strategic vision for both the short and long term objectives. The impact of this on all of the stakeholders is reviewed. The Directors believe they act fairly.

The Board has created a culture of honesty, integrity and respect of the East Riding Holdings Company and its subsidiaries core values and principles. The company has set a number guidelines on Code of Business Conduct and Ethics (COBE) through to various Environment and Employment policies.

Principal decisions

We define principal decisions taken by the Board as those decisions that are of a strategic nature and that are significant to any of our key stakeholder groups. As outlined in the FRC Guidance on the Strategic Report, we include decisions related to capital allocation and dividend policy.

ON BEHALF OF THE BOARD:

Mr A Brocklehurst - Director

25 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr D B Dunn

Mr A Brocklehurst

Mr P A Ewen

Mr N G Fraser

Mr A Drant

FINANCIAL INSTRUMENTS

The group's principal financial instruments comprise bank balances, trade creditors, trade debtors and loans to the company. The main purpose of these instruments is to raise funds for the group's operations and to finance the group's working capital. The group's operations expose it to a variety of financial risks that include liquidity risk and interest rate risk. The group's approach to managing risks applicable to the financial instruments concerned is shown below.

In respect of bank balances the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts.

In respect of loans these comprise a bank loan and a loan from a related undertaking. The interest rate on the bank loan is variable and repayment is by quarterly installments with a balance at maturity. The loan from a related undertaking is interest free and repayable on demand. The directors are aware of the group's financial requirements and have determined that this will only be repaid, in whole or in part, when funds are available.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors and hire purchase liability liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

FREEHOLD LAND AND BUILDINGS

In the opinion of the directors the market value of freehold land and buildings is not significantly different to net book value.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr A Brocklehurst - Director

25 September 2025

Qualified opinion

We have audited the financial statements of East Riding Holdings Company (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 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, except for the possible effects of the matters described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the group's and of the parent company's affairs as at 31 December 2024 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 qualified opinion

Due to the disposal of the subsidiary, Trenton (Hull) Limited, during the year, for the year ended 31 December 2024 we were unable to obtain sufficient appropriate audit evidence over the transactions of the subsidiary, Trenton (Hull) Limited. We are therefore unable to determine if any adjustments were required to the discontinued operations of the group which comprise turnover £49,192,152, cost of sales £48,417,830, administrative expenses £1,678,336, other operating income £17,505 and interest payable £366,906.

In addition for the year ended 31 December 2023 we were unable to obtain sufficient appropriate audit evidence over the cost of sales and administration expenses included in the subsidiary company, Trenton (Hull) Limited, totalling £78,709,199 for the year ended 31 December 2023. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

We were also unable to obtain sufficient appropriate audit evidence over the trade creditors balance included in the subsidiary company, Trenton (Hull) Limited, totalling £12,836,013 for the year ended 31 December 2023. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

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 company in accordance with the Ethical Standard, and we have fulfilled our 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 qualified 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.

Arising solely from the limitation on the scope of our work relating to Trenton (Hull) Limited referred to above:

- We have not obtained all the information and explanations that we consider necessary for the purposes of our audit; and

- In our opinion, adequate accounting records have not been kept

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006

requires us to report to you if, in our opinion:

- 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 director's 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 pages six and seven, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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 to irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the parent company and the group and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.

We understood how the company and group is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through discussions with those charged with governance.

We assessed the susceptibility of the financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the group to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the group has established to prevent and detect fraud, and how these are monitored by management.

Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.

We also performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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.

Frances Howard FCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

26 September 2025

TURNOVER

3

29,266,403

49,192,152

78,458,555

Cost of sales

(20,099,825

)

(48,417,830

)

(68,517,655

)

GROSS PROFIT

9,166,578

774,322

9,940,900

Administrative expenses

(7,952,579

)

(1,678,336

)

(9,630,915

)

1,213,999

(904,014

)

309,985

Other operating income

85

17,505

17,590

OPERATING PROFIT/(LOSS)

5

1,214,084

(886,509

)

327,575

Interest payable and similar expenses

8

(96,634

)

(366,906

)

(463,540

)

PROFIT/(LOSS) BEFORE TAXATION

1,117,450

(1,253,415

)

(135,965

)

Tax on profit/(loss)

9

416,333

-

416,333

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

1,533,783

(1,253,415

)

280,368

OTHER COMPREHENSIVE INCOME

Disposal of subsidiary

(478,154

)

Income tax relating to other comprehensive income

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(478,154

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(197,786

)

Profit/(loss) attributable to:

Owners of the parent

265,819

Non-controlling interests

14,549

280,368

Total comprehensive income attributable to:

Owners of the parent

(212,335

)

Non-controlling interests

14,549

(197,786

)

TURNOVER

3

29,608,432

78,127,812

107,736,244

Cost of sales

(20,924,282

)

(75,603,460

)

(96,527,742

)

GROSS PROFIT

8,684,150

2,524,352

11,208,502

Administrative expenses

(6,614,626

)

(3,105,739

)

(9,720,365

)

2,069,524

(581,387

)

1,488,137

Other operating income

85

-

85

OPERATING PROFIT/(LOSS)

5

2,069,609

(581,387

)

1,488,222

Gain/loss on revaluation of assets

-

(1,007,199

)

(1,007,199

)

Interest payable and similar expenses

8

(139,844

)

(775,390

)

(915,234

)

PROFIT/(LOSS) BEFORE TAXATION

1,929,765

(2,363,976

)

(434,211

)

Tax on profit/(loss)

9

(702,244

)

(49,123

)

(751,367

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

1,227,521

(2,413,099

)

(1,185,578

)

OTHER COMPREHENSIVE INCOME

Income tax relating to other comprehensive income

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(1,259,330

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(2,444,908

)

Profit/(loss) attributable to:

Owners of the parent

(1,191,493

)

Non-controlling interests

5,915

(1,185,578

)

Total comprehensive income attributable to:

Owners of the parent

(2,450,823

)

Non-controlling interests

5,915

(2,444,908

)

FIXED ASSETS

Tangible assets

11

6,691,746

11,585,324

Investments

12

-

-

6,691,746

11,585,324

CURRENT ASSETS

Stocks

13

6,374,859

19,959,706

Debtors

14

6,643,799

8,574,638

Cash at bank and in hand

1,626,917

863,722

14,645,575

29,398,066

CREDITORS

Amounts falling due within one year

15

6,509,357

26,520,988

NET CURRENT ASSETS

8,136,218

2,877,078

TOTAL ASSETS LESS CURRENT LIABILITIES

14,827,964

14,462,402

CREDITORS

Amounts falling due after more than one year

16

(5,472,579

)

(4,059,342

)

PROVISIONS FOR LIABILITIES

21

(191,027

)

(1,040,916

)

NET ASSETS

9,164,358

9,362,144

CAPITAL AND RESERVES

Called up share capital

22

400,000

400,000

Revaluation reserve

23

-

478,154

Retained earnings

23

8,620,435

8,354,616

SHAREHOLDERS' FUNDS

9,020,435

9,232,770

NON-CONTROLLING INTERESTS

24

143,923

129,374

TOTAL EQUITY

9,164,358

9,362,144

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr A Brocklehurst - Director

FIXED ASSETS

Tangible assets

11

-

-

Investments

12

210,703

230,777

210,703

230,777

CURRENT ASSETS

Debtors

14

215,579

248,549

Cash at bank

149,005

191,941

364,584

440,490

CREDITORS

Amounts falling due within one year

15

1,592,590

1,747,370

NET CURRENT LIABILITIES

(1,228,006

)

(1,306,880

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,017,303

)

(1,076,103

)

CREDITORS

Amounts falling due after more than one year

16

4,000,000

4,000,000

NET LIABILITIES

(5,017,303

)

(5,076,103

)

CAPITAL AND RESERVES

Called up share capital

22

400,000

400,000

Retained earnings

23

(5,417,303

)

(5,476,103

)

SHAREHOLDERS' FUNDS

(5,017,303

)

(5,076,103

)

Company's profit for the financial year

58,800

159,043

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr A Brocklehurst - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 January 2023

400,000

9,546,109

478,154

Changes in equity

Total comprehensive income

-

(1,191,493

)

-

Balance at 31 December 2023

400,000

8,354,616

478,154

Changes in equity

Total comprehensive income

-

265,819

(478,154

)

Balance at 31 December 2024

400,000

8,620,435

-

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 January 2023

10,424,263

123,459

10,547,722

Changes in equity

Total comprehensive income

(1,191,493

)

5,915

(1,185,578

)

Balance at 31 December 2023

9,232,770

129,374

9,362,144

Changes in equity

Total comprehensive income

(212,335

)

14,549

(197,786

)

Balance at 31 December 2024

9,020,435

143,923

9,164,358

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

400,000

(5,635,146

)

(5,235,146

)

Changes in equity

Total comprehensive income

-

159,043

159,043

Balance at 31 December 2023

400,000

(5,476,103

)

(5,076,103

)

Changes in equity

Total comprehensive income

-

58,800

58,800

Balance at 31 December 2024

400,000

(5,417,303

)

(5,017,303

)

Cash flows from operating activities

Cash generated from operations

1

823,781

4,635,278

Interest paid

(376,377

)

(911,689

)

Interest element of hire purchase payments paid

(87,163

)

(3,545

)

Tax paid

(49,431

)

(110,724

)

Net cash from operating activities

310,810

3,609,320

Cash flows from investing activities

Purchase of tangible fixed assets

(1,285,173

)

(4,656,832

)

Sale of tangible fixed assets

-

56,498

Disposal of subsidiary

1,640,616

-

Net cash from investing activities

355,443

(4,600,334

)

Cash flows from financing activities

New loans in year

-

3,600,000

Loan repayments in year

-

(2,827,806

)

New hire purchases in the year

1,923,976

118,684

Capital repayments in year

(183,942

)

(56,170

)

Net cash from financing activities

1,740,034

834,708

Increase/(decrease) in cash and cash equivalents

2,406,287

(156,306

)

Cash and cash equivalents at beginning of year

2

(779,370

)

(623,064

)

Cash and cash equivalents at end of year

2

1,626,917

(779,370

)