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REGISTERED NUMBER: 01866112 (England and Wales)

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST JANUARY 2025 |

| FOR |

| TWO COUNTIES FOODS LIMITED |

TWO COUNTIES FOODS LIMITED (REGISTERED NUMBER: 01866112) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| TWO COUNTIES FOODS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST JANUARY 2025

| DIRECTORS: | D F Smith

| R A Scott

| S Davies

| J Wells

| A Bird

| S Harper

| D Lewins

| S Harper

| SECRETARY: | R A Scott

| REGISTERED OFFICE: | Westgate House

| 87 St Dunstans Street

| Canterbury

| Kent

| CT2 8AE

| REGISTERED NUMBER: | 01866112 (England and Wales)

| AUDITORS: | Spain Brothers & Co

| Chartered Accountants and Statutory Auditors

| Westgate House

| 87 St Dunstans Street

| Canterbury

| Kent

| CT2 8AE

TWO COUNTIES FOODS LIMITED (REGISTERED NUMBER: 01866112) |

BALANCE SHEET

31ST JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 29,965 |  | 29,386 |  |

CURRENT ASSETS

Stocks | 6 | 688,362 |  | 454,914 |  |

Debtors | 7 | 4,205,347 |  | 3,372,082 |  |

Cash at bank | 1,203,766 |  | 1,175,327 |  |

6,097,475 |  | 5,002,323 |  |

CREDITORS

Amounts falling due within one year | 8 | 4,927,678 |  | 4,003,147 |  |

NET CURRENT ASSETS | 1,169,797 |  | 999,176 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,199,762 |  | 1,028,562 |  |

PROVISIONS FOR LIABILITIES | 6,913 |  | 6,861 |  |

NET ASSETS | 1,192,849 |  | 1,021,701 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 1,182,849 |  | 1,011,701 |  |

SHAREHOLDERS' FUNDS | 1,192,849 |  | 1,021,701 |  |

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 23rd September 2025 and were signed on its behalf by:

D F Smith - Director

TWO COUNTIES FOODS LIMITED (REGISTERED NUMBER: 01866112) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

1. | STATUTORY INFORMATION

| Two Counties Foods 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. | STATEMENT OF COMPLIANCE

| 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. There were no material departures from that standard.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| The financial statements are presented in sterling which is the functional currency of the company.

| Turnover

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

| Turnover from the sale of goods is recognised when sufficient risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Improvements to property |  | - 20% on cost |  |

| Plant and machinery |  | - 33 1/3% on cost |  |

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| Debtors and creditors receivable/payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

TWO COUNTIES FOODS LIMITED (REGISTERED NUMBER: 01866112) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

3. | ACCOUNTING POLICIES - continued

| 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| Foreign currencies

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| Hire purchase and 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2024 - 16 ) .

TWO COUNTIES FOODS LIMITED (REGISTERED NUMBER: 01866112) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1st February 2024 | 53,649 |  |

| Additions | 11,850 |  |

| At 31st January 2025 | 65,499 |  |

| DEPRECIATION

| At 1st February 2024 | 24,263 |  |

| Charge for year | 11,271 |  |

| At 31st January 2025 | 35,534 |  |

| NET BOOK VALUE

| At 31st January 2025 | 29,965 |  |

| At 31st January 2024 | 29,386 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Finished goods | 688,362 |  | 454,914 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,786,865 |  | 3,326,594 |  |

| Bad Debt Provision | (3,257 | ) | (100,860 | ) |

| Other debtors | 53,707 |  | 28,436 |  |

| VAT | 72,841 |  | 50,450 |  |

| Prepayments | 295,191 |  | 67,462 |  |

4,205,347 |  | 3,372,082 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 4,160,343 |  | 3,604,302 |  |

| Amounts owed to group undertakings | 350,454 |  | 102,454 |  |

| Corporation tax | 348,131 |  | 235,717 |  |

| Social security and other taxes | 40,924 |  | 34,095 |  |

| Accruals and deferred income | 27,826 |  | 26,579 |  |

4,927,678 |  | 4,003,147 |  |

9. | SECURED DEBTS

| The overdraft facility is secured by a fixed charge over book debts and a floating charge over all other assets.

TWO COUNTIES FOODS LIMITED (REGISTERED NUMBER: 01866112) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Paul Flood FCA (Senior Statutory Auditor)

| for and on behalf of Spain Brothers & Co

11. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Two Counties Foods Holdings Limited.

| Its registered office is situate at Westgate House, 87 St Dunstan's Street, Canterbury, Kent, CT2 8AE.