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REGISTERED NUMBER: 01172574 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

D.S. JOHNSTON (HOLDINGS) LIMITED

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| D.S. JOHNSTON (HOLDINGS) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | S M Jacobs

| A R Johnston

| L A Johnston

| E B K Stone

| REGISTERED OFFICE: | Second Floor Ridgeland House

| 15 Carfax

| Horsham

| West Sussex

| RH12 1ER

| REGISTERED NUMBER: | 01172574 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting (Horsham) Limited

| Ridgeland House

| 15 Carfax

| Horsham

| West Sussex

| RH12 1ER

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574) |

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,801,981 |  | - |  |

Investments | 5 | 418,061 |  | 418,061 |  |

2,220,042 |  | 418,061 |  |

CURRENT ASSETS

Debtors | 6 | 1,810,989 |  | 1,816,731 |  |

Cash at bank | 218,052 |  | 739,521 |  |

2,029,041 |  | 2,556,252 |  |

CREDITORS

Amounts falling due within one year | 7 | 135,944 |  | 141,729 |  |

NET CURRENT ASSETS | 1,893,097 |  | 2,414,523 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,113,139 |  | 2,832,584 |  |

CAPITAL AND RESERVES

Called up share capital | 550,000 |  | 550,000 |  |

Retained earnings | 3,563,139 |  | 2,282,584 |  |

4,113,139 |  | 2,832,584 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

L A Johnston - Director

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| D.S. Johnston (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.

| Preparation of consolidated financial statements

| The financial statements contain information about D.S. Johnston (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.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Freehold property is stated on a valuation basis.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

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

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| 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.

| 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.

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Revaluation of tangible fixed assets

| Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

| Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST

| Additions | 1,801,981 |  |

| At 31 May 2025 | 1,801,981 |  |

| NET BOOK VALUE

| At 31 May 2025 | 1,801,981 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 418,061 |  |

| NET BOOK VALUE

| At 31 May 2025 | 418,061 |  |

| At 31 May 2024 | 418,061 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 1,807,091 |  | 1,814,335 |  |

| VAT | 397 |  | - |  |

| Prepayments and accrued income | 3,501 |  | 2,396 |  |

1,810,989 |  | 1,816,731 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 133,044 |  | 133,044 |  |

| Social security and other taxes | - |  | 5,935 |  |

| Accrued expenses | 2,900 |  | 2,750 |  |

135,944 |  | 141,729 |  |

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | RELATED PARTY DISCLOSURES

| During the year, the company received a non-cash dividend in specie from XRN Ltd, a subsidiary company of which D S Johnston (Holdings) Ltd owns 100% of issued share capital. The dividend consisted of a freehold property with a fair value of £1,800,000 and was made on normal commercial terms.The transfer of ownership was completed during the financial year, and no amounts were outstanding at the reporting date.

| During the year, dividends of £1,050,000 were received from XRN Ltd, a subsidiary company. The transaction was on normal commercial terms, and no amounts were outstanding at the year-end.