IRIS Accounts Production v25.3.0.601 02919146 Board of Directors 1.4.24 31.3.25 31.3.25 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02919146 2024-03-31 02919146 2025-03-31 02919146 2024-04-01 2025-03-31 02919146 2023-03-31 02919146 2023-04-01 2024-03-31 02919146 2024-03-31 02919146 ns15:EnglandWales 2024-04-01 2025-03-31 02919146 ns14:PoundSterling 2024-04-01 2025-03-31 02919146 ns10:Director1 2024-04-01 2025-03-31 02919146 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02919146 ns10:MediumEntities 2024-04-01 2025-03-31 02919146 ns10:Audited 2024-04-01 2025-03-31 02919146 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02919146 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02919146 ns10:FullAccounts 2024-04-01 2025-03-31 02919146 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 02919146 ns10:OrdinaryShareClass3 2024-04-01 2025-03-31 02919146 ns10:OrdinaryShareClass4 2024-04-01 2025-03-31 02919146 ns10:OrdinaryShareClass5 2024-04-01 2025-03-31 02919146 ns10:Director2 2024-04-01 2025-03-31 02919146 ns10:Director3 2024-04-01 2025-03-31 02919146 ns10:CompanySecretary1 2024-04-01 2025-03-31 02919146 ns10:RegisteredOffice 2024-04-01 2025-03-31 02919146 ns5:CurrentFinancialInstruments 2025-03-31 02919146 ns5:CurrentFinancialInstruments 2024-03-31 02919146 ns5:Non-currentFinancialInstruments 2025-03-31 02919146 ns5:Non-currentFinancialInstruments 2024-03-31 02919146 ns5:ShareCapital 2025-03-31 02919146 ns5:ShareCapital 2024-03-31 02919146 ns5:RevaluationReserve 2025-03-31 02919146 ns5:RevaluationReserve 2024-03-31 02919146 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02919146 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02919146 ns5:ShareCapital 2023-03-31 02919146 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 02919146 ns5:RevaluationReserve 2023-03-31 02919146 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02919146 ns5:RevaluationReserve 2023-04-01 2024-03-31 02919146 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02919146 ns5:RevaluationReserve 2024-04-01 2025-03-31 02919146 2 2024-04-01 2025-03-31 02919146 2 2023-04-01 2024-03-31 02919146 3 2024-04-01 2025-03-31 02919146 3 2023-04-01 2024-03-31 02919146 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 02919146 ns5:PlantMachinery 2024-04-01 2025-03-31 02919146 ns5:FurnitureFittings 2024-04-01 2025-03-31 02919146 ns5:MotorVehicles 2024-04-01 2025-03-31 02919146 1 2024-04-01 2025-03-31 02919146 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-04-01 2025-03-31 02919146 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-04-01 2024-03-31 02919146 ns5:OwnedAssets 2024-04-01 2025-03-31 02919146 ns5:OwnedAssets 2023-04-01 2024-03-31 02919146 ns5:LeasedAssets 2024-04-01 2025-03-31 02919146 ns5:LeasedAssets 2023-04-01 2024-03-31 02919146 4 2024-04-01 2025-03-31 02919146 4 2023-04-01 2024-03-31 02919146 ns5:HirePurchaseContracts 2024-04-01 2025-03-31 02919146 ns5:HirePurchaseContracts 2023-04-01 2024-03-31 02919146 ns5:LandBuildings 2024-03-31 02919146 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 02919146 ns5:LeaseholdImprovements 2024-03-31 02919146 ns5:PlantMachinery 2024-03-31 02919146 ns5:LandBuildings 2024-04-01 2025-03-31 02919146 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-04-01 2025-03-31 02919146 ns5:LandBuildings 2025-03-31 02919146 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-03-31 02919146 ns5:LeaseholdImprovements 2025-03-31 02919146 ns5:PlantMachinery 2025-03-31 02919146 ns5:LandBuildings 2024-03-31 02919146 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 02919146 ns5:LeaseholdImprovements 2024-03-31 02919146 ns5:PlantMachinery 2024-03-31 02919146 ns5:FurnitureFittings 2024-03-31 02919146 ns5:MotorVehicles 2024-03-31 02919146 ns5:ComputerEquipment 2024-03-31 02919146 ns5:ComputerEquipment 2024-04-01 2025-03-31 02919146 ns5:FurnitureFittings 2025-03-31 02919146 ns5:MotorVehicles 2025-03-31 02919146 ns5:ComputerEquipment 2025-03-31 02919146 ns5:FurnitureFittings 2024-03-31 02919146 ns5:MotorVehicles 2024-03-31 02919146 ns5:ComputerEquipment 2024-03-31 02919146 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02919146 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-03-31 02919146 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02919146 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02919146 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 02919146 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 02919146 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 02919146 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 02919146 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 02919146 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 02919146 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-03-31 02919146 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 02919146 ns5:HirePurchaseContracts 2025-03-31 02919146 ns5:HirePurchaseContracts 2024-03-31 02919146 ns5:WithinOneYear 2025-03-31 02919146 ns5:WithinOneYear 2024-03-31 02919146 ns5:BetweenOneFiveYears 2025-03-31 02919146 ns5:BetweenOneFiveYears 2024-03-31 02919146 ns5:AllPeriods 2025-03-31 02919146 ns5:AllPeriods 2024-03-31 02919146 ns5:Secured 2025-03-31 02919146 ns5:Secured 2024-03-31 02919146 ns5:DeferredTaxation 2024-03-31 02919146 ns5:DeferredTaxation 2025-03-31 02919146 ns10:OrdinaryShareClass2 2025-03-31 02919146 ns10:OrdinaryShareClass3 2025-03-31 02919146 ns10:OrdinaryShareClass4 2025-03-31 02919146 ns10:OrdinaryShareClass5 2025-03-31 02919146 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02919146 ns5:RevaluationReserve 2024-03-31 02919146 1 ns10:Director1 2024-03-31 02919146 1 ns10:Director1 2023-03-31 02919146 1 ns10:Director1 2024-04-01 2025-03-31 02919146 1 ns10:Director1 2023-04-01 2024-03-31 02919146 1 ns10:Director1 2025-03-31 02919146 1 ns10:Director1 2024-03-31 02919146 ns10:Director2 2 2024-03-31 02919146 ns10:Director2 2 2023-03-31 02919146 ns10:Director2 2 2024-04-01 2025-03-31 02919146 ns10:Director2 2 2023-04-01 2024-03-31 02919146 ns10:Director2 2 2025-03-31 02919146 ns10:Director2 2 2024-03-31 02919146 3 ns10:Director3 2024-03-31 02919146 3 ns10:Director3 2023-03-31 02919146 3 ns10:Director3 2024-04-01 2025-03-31 02919146 3 ns10:Director3 2023-04-01 2024-03-31 02919146 3 ns10:Director3 2025-03-31 02919146 3 ns10:Director3 2024-03-31

REGISTERED NUMBER: 02919146 (England and Wales)

| HOUGHTON HAMS LIMITED |

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |  | to |  | 4

| Report of the Independent Auditors | 5 |  | to |  | 8

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Cash Flow Statement | 12 |

| Notes to the Cash Flow Statement | 13 |  | to |  | 14

| Notes to the Financial Statements | 15 |  | to |  | 26

| HOUGHTON HAMS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | N C W Wagstaff

| Mrs J M Wagstaff

| P Wagstaff

| SECRETARY: | Mrs J M Wagstaff

| REGISTERED OFFICE: | 58-60 Tenter Road

| Moulton Park Industrial Estate

| Northampton

| Northamptonshire

| NN3 6AX

| REGISTERED NUMBER: | 02919146 (England and Wales)

| INDEPENDENT AUDITORS: | Phipps Henson McAllister

| Chartered Accountants

| and Statutory Auditors

| 22-24 Harborough Road

| Kingsthorpe

| Northampton

| NN2 7AZ

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

We aim to present a balances and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

We feel the overall results are encouraging, as the turnover has increased by 5.77%. The company's balance sheet has increased by £1,799,103 reflecting profitability for the year exceeding dividends paid. The directors are confident of achieving continued profitability and growth.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal financial risks faced by the company and their objectives and policies in relation to those risks are as follows;-

Cash flow risk

The company closely monitor and manage cash flow. Cash flow forecasts are prepared with the objective of alerting the directors to potential future risks. It is the company's policy to ensure that forecast funding requirements can be met from available facilities.

Credit risk

Credit risk is the financial exposure generated by the potential default of third parties in fulfilling their obligations. Credit risk arises for the company if it is unable to recover sums due from customers. Setting maximum levels of credit tolerance for more significant customers and regularly reviewing these levels mitigate this.

KEY PERFORMANCE INDICATORS

We consider our key performance indicators are those that communicate the financial performance and strength of the company, these being turnover, profits and return on net assets.

The overall results continue to improve and remain encouraging.

Turnover has increased by 5.77% compared to the previous year.

Return on net assets for the year was 34.26% (2024: 34.66%) Return on net assets is calculated as profit on ordinary activities for the year before taxation as a percentage of net assets.

Operating profit for the year was £2,859,096 (2024: £2,270,428).

ON BEHALF OF THE BOARD:

N C W Wagstaff - Director

14 October 2025

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of producers of cured cooked ham and pork meat products.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 332,650 .

DIRECTORS

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

N C W Wagstaff

Mrs J M Wagstaff

P Wagstaff

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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;

- | 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MARCH 2025

AUDITORS

The auditors, Phipps Henson McAllister, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N C W Wagstaff - Director

14 October 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HOUGHTON HAMS LIMITED

Opinion

We have audited the financial statements of Houghton Hams Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its 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 opinion

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 requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other 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 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 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HOUGHTON HAMS LIMITED

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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' 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 page three, 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 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 company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HOUGHTON HAMS LIMITED

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:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- |  | We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006 and UK corporate taxation laws. |

- |  | We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making inquiries to the management. We corroborated our inquiries through our review of board minutes and other papers. |

- |  | We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included: |

| - |  | identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; |

| - |  | understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; |

| - |  | challenging assumptions and judgments made by management in its significant accounting estimates; |

| - |  | identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; and |

| - |  | assessing the extent of compliance with the relevant laws and regulations. |

These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from an error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HOUGHTON HAMS LIMITED

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.

Stuart Armstrong FCCA (Senior Statutory Auditor)

for and on behalf of Phipps Henson McAllister

Chartered Accountants

and Statutory Auditors

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

14 October 2025

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 4 | 22,210,630 |  | 20,999,273 |  |

Cost of sales | 15,453,068 |  | 15,163,202 |  |

GROSS PROFIT | 6,757,562 |  | 5,836,071 |  |

Administrative expenses | 4,002,299 |  | 3,570,261 |  |

2,755,263 |  | 2,265,810 |  |

Other operating income | 103,833 |  | 4,618 |  |

OPERATING PROFIT | 6 | 2,859,096 |  | 2,270,428 |  |

Interest receivable and similar income | 55,240 |  | 36,529 |  |

2,914,336 |  | 2,306,957 |  |

Interest payable and similar expenses | 7 | 11,758 |  | 13,216 |  |

PROFIT BEFORE TAXATION | 2,902,578 |  | 2,293,741 |  |

Tax on profit | 8 | 715,163 |  | 461,424 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,187,415 |  | 1,832,317 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 4,600,198 |  | 2,819,075 |  |

CURRENT ASSETS

Stocks | 11 | 914,000 |  | 844,744 |  |

Debtors | 12 | 3,102,727 |  | 2,780,805 |  |

Cash at bank and in hand | 3,483,961 |  | 3,997,993 |  |

7,500,688 |  | 7,623,542 |  |

CREDITORS

Amounts falling due within one year | 13 | 2,984,991 |  | 3,562,224 |  |

NET CURRENT ASSETS | 4,515,697 |  | 4,061,318 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,115,895 |  | 6,880,393 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (130,178 | ) | (93,185 | ) |

PROVISIONS FOR LIABILITIES | 18 | (512,365 | ) | (168,621 | ) |

NET ASSETS | 8,473,352 |  | 6,618,587 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 25,000 |  | 25,000 |  |

Revaluation reserve | 20 | 174,543 |  | 174,543 |  |

Retained earnings | 20 | 8,273,809 |  | 6,419,044 |  |

SHAREHOLDERS' FUNDS | 8,473,352 |  | 6,618,587 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

N C W Wagstaff - Director

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 25,000 |  | 5,255,627 |  | 174,543 |  | 5,455,170 |  |

Changes in equity

Dividends | - |  | (668,900 | ) | - |  | (668,900 | ) |

Total comprehensive income | - |  | 1,832,317 |  | - |  | 1,832,317 |  |

Balance at 31 March 2024 | 25,000 |  | 6,419,044 |  | 174,543 |  | 6,618,587 |  |

Changes in equity

Dividends | - |  | (332,650 | ) | - |  | (332,650 | ) |

Total comprehensive income | - |  | 2,187,415 |  | - |  | 2,187,415 |  |

Balance at 31 March 2025 | 25,000 |  | 8,273,809 |  | 174,543 |  | 8,473,352 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,902,198 |  | 2,877,212 |  |

Interest paid | (9,417 | ) | (13,216 | ) |

Interest element of hire purchase payments paid | (2,341 | ) | - |  |

Tax paid | (732,237 | ) | (172,078 | ) |

Net cash from operating activities | 2,158,203 |  | 2,691,918 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,953,705 | ) | (526,556 | ) |

Interest received | 55,240 |  | 36,529 |  |

Net cash from investing activities | (1,898,465 | ) | (490,027 | ) |

Cash flows from financing activities

Loan repayments in year | (40,082 | ) | (48,878 | ) |

Capital repayments in year | 2,950 |  | - |  |

Amount introduced by directors | - |  | 880,366 |  |

Amount withdrawn by directors | (411,255 | ) | - |  |

Government grants | 7,267 |  | 4,618 |  |

Transfer of property from directors | - |  | (900,000 | ) |

Equity dividends paid | (332,650 | ) | (668,900 | ) |

Net cash from financing activities | (773,770 | ) | (732,794 | ) |

(Decrease)/increase in cash and cash equivalents | (514,032 | ) | 1,469,097 |  |

Cash and cash equivalents at beginning of year | 2 | 3,997,993 |  | 2,528,896 |  |

Cash and cash equivalents at end of year | 2 | 3,483,961 |  | 3,997,993 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,902,578 |  | 2,293,741 |  |

| Depreciation charges | 249,941 |  | 319,415 |  |

| Loss on disposal of fixed assets | - |  | 382 |  |

| Government grants | (7,267 | ) | (4,618 | ) |

| Finance costs | 11,758 |  | 13,216 |  |

| Finance income | (55,240 | ) | (36,529 | ) |

3,101,770 |  | 2,585,607 |  |

| Increase in stocks | (69,256 | ) | (104,435 | ) |

| Increase in trade and other debtors | (375,056 | ) | (414,215 | ) |

| Increase in trade and other creditors | 244,740 |  | 810,255 |  |

| Cash generated from operations | 2,902,198 |  | 2,877,212 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31/3/25 |  | 1/4/24

£ | £ |

| Cash and cash equivalents | 3,483,961 |  | 3,997,993 |  |

| Year ended 31 March 2024

| 31/3/24 |  | 1/4/23

£ | £ |

| Cash and cash equivalents | 3,997,993 |  | 2,528,896 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1/4/24 | Cash flow | changes | At 31/3/25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 3,997,993 |  | (514,032 | ) | 3,483,961 |  |

3,997,993 |  | (514,032 | ) | 3,483,961 |  |

| Debt

| Finance leases | - |  | (2,950 | ) | - |  | (80,309 | ) |

| Debts falling due

| within 1 year | (37,968 | ) | 23,192 |  | - |  | (14,776 | ) |

| Debts falling due

| after 1 year | (93,185 | ) | 16,890 |  | - |  | (76,295 | ) |

(131,153 | ) | 37,132 |  | - |  | (171,380 | ) |

| Total | 3,866,840 |  | (476,900 | ) | - |  | 3,312,581 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Houghton Hams 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

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

| 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.

| Improvements to leasehold property | - | straight line between 5 and 10 years

| Plant and machinery | - | 20% on cost

| Fixtures and office equipment | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| No depreciation is provided on the freehold land as this is not required under FRS102, the freehold building is not being depreciated as the estimated useful life exceeds 50 years and it is felt that the depreciation is immaterial and would not influence the decisions of a user of the accounts.

| In accordance with FRS102 an annual impairment review is conducted on the freehold building to ensure the carrying value is less than or equal to the recoverable amount.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to sell. Stocks are recognised as an expense in the period in which the related revenue is recognised.

| Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including duties and transport and handling directly attributable to bringing the inventory to its present location and condition.

| At the end of each reporting period stocks are assessed for impairment. If an item of inventory is impaired, the identified inventory is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| 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.

| Debtors and creditors

| 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 in other administrative expenses.

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| To be able to prepare financial statements in accordance with FRS102, Houghton Hams Limited must make certain estimates and judgements that have an impact on the policies and the amounts reported in the annual accounts. The estimates and judgement are based on historical experiences and other factors including expectations of future events that are believed to be reasonable at the time such estimates and judgements are made. Actual experience may vary from these estimates.

| The estimates and assumptions which have the most significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are discussed below:

| Inventory Provisions

| Houghton Hams Limited writes down inventories to net realisable value based on an estimate of the realisability of inventories. Write downs on inventories are recorded where events or changes in circumstances indicate that the current carrying values may not realised. The write down will be recognised in the income statements in the year the change in estimate occurs.

| Tangible Assets

| Houghton Hams Limited determines the estimated useful lives, residual values and related depreciation charges for its property, plant and equipment with reference to the estimated periods that the company intends to derive future economic benefits from the use of these assets. Management will revise the depreciation charge where useful lives or residual values are materially different from those previously estimated. Actual economic lives may differ from estimated useful lives and actual residual values may differ from estimated residual values. Periodic review could result in a change in depreciable lives and residual values and therefore depreciation expenses in the future periods.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| Turnover of £22,210,629 (2024: £20,999,274) was all within United Kingdom.

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,509,947 |  | 2,401,246 |  |

| Social security costs | 235,253 |  | 223,491 |  |

| Other pension costs | 551,465 |  | 222,705 |  |

3,296,665 |  | 2,847,442 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Administration | 11 |  | 14 |  |

| Production | 79 |  | 76 |  |

| Directors | 3 |  | 3 |  |

93 |  | 93 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 63,284 |  | 34,366 |  |

| Directors' pension contributions to money purchase schemes | 179,000 |  | 180,000 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 3 |  | 3 |  |

6. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 34,657 |  | 37,091 |  |

| Rent | 131,532 |  | 138,184 |  |

| Depreciation - owned assets | 245,647 |  | 319,413 |  |

| Depreciation - assets on hire purchase contracts | 4,294 |  | - |  |

| Loss on disposal of fixed assets | - |  | 382 |  |

| Auditors' remuneration | 12,879 |  | 12,504 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Mortgage interest | 9,417 |  | 13,216 |  |

| Hire purchase | 2,341 |  | - |  |

11,758 |  | 13,216 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 382,140 |  | 555,981 |  |

| Corporation tax adjustment - prior years | (10,721 | ) | (110,804 | ) |

| Total current tax | 371,419 |  | 445,177 |  |

| Deferred tax | 343,744 |  | 16,247 |  |

| Tax on profit | 715,163 |  | 461,424 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,902,578 |  | 2,293,741 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 725,645 |  | 573,435 |  |

| Effects of:

| Expenses not deductible for tax purposes | 1,180 |  | 3,717 |  |

| Capital allowances in excess of depreciation | (344,684 | ) | (21,267 | ) |

| Loss on disposal of assets | - |  | 96 |  |

| Deferred tax | 343,744 |  | 16,247 |  |

| Prior year R&D refund | - |  | (110,804 | ) |

| Prior year tax adjustment | (10,722 | ) | - |  |

| Total tax charge | 715,163 |  | 461,424 |  |

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each |

| Interim | 332,650 |  | 668,900 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | TANGIBLE FIXED ASSETS

| Asset |  | Improvements |

| under |  | to |

| Freehold |  | construction |  | leasehold |  | Plant and

| property |  | 54-56 |  | property |  | machinery

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 1,860,869 |  | - |  | 668,239 |  | 3,425,028 |  |

| Additions | 26,236 |  | 1,724,126 |  | - |  | 208,690 |  |

| At 31 March 2025 | 1,887,105 |  | 1,724,126 |  | 668,239 |  | 3,633,718 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | - |  | 462,694 |  | 2,859,062 |  |

| Charge for year | - |  | - |  | 31,249 |  | 170,438 |  |

| At 31 March 2025 | - |  | - |  | 493,943 |  | 3,029,500 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,887,105 |  | 1,724,126 |  | 174,296 |  | 604,218 |  |

| At 31 March 2024 | 1,860,869 |  | - |  | 205,545 |  | 565,966 |  |

| Fixtures |

| and |

| office |  | Motor |  | Computer |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 337,375 |  | 357,609 |  | - |  | 6,649,120 |  |

| Additions | 12,091 |  | - |  | 59,921 |  | 2,031,064 |  |

| At 31 March 2025 | 349,466 |  | 357,609 |  | 59,921 |  | 8,680,184 |  |

| DEPRECIATION

| At 1 April 2024 | 300,748 |  | 207,541 |  | - |  | 3,830,045 |  |

| Charge for year | 10,737 |  | 37,517 |  | - |  | 249,941 |  |

| At 31 March 2025 | 311,485 |  | 245,058 |  | - |  | 4,079,986 |  |

| NET BOOK VALUE

| At 31 March 2025 | 37,981 |  | 112,551 |  | 59,921 |  | 4,600,198 |  |

| At 31 March 2024 | 36,627 |  | 150,068 |  | - |  | 2,819,075 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Asset |  | Improvements |

| under |  | to |

| Freehold |  | construction |  | leasehold |  | Plant and

| property |  | 54-56 |  | property |  | machinery

£ | £ | £ | £ |

| Valuation in 2023 | 174,543 |  | - |  | - |  | - |  |

| Cost | 1,712,562 |  | 1,724,126 |  | 668,239 |  | 3,633,718 |  |

1,887,105 |  | 1,724,126 |  | 668,239 |  | 3,633,718 |  |

| Fixtures |

| and |

| office |  | Motor |  | Computer |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2023 | - |  | - |  | - |  | 174,543 |  |

| Cost | 349,466 |  | 357,609 |  | 59,921 |  | 8,505,641 |  |

349,466 |  | 357,609 |  | 59,921 |  | 8,680,184 |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 690,457 |  | 690,457 |  |

| Freehold land and buildings were valued on an open market basis on 31 March 2023 by Underwoods LLP .

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

| Plant and

| machinery

£ |

| COST OR VALUATION

| Additions | 77,359 |  |

| At 31 March 2025 | 77,359 |  |

| DEPRECIATION

| Charge for year | 4,294 |  |

| At 31 March 2025 | 4,294 |  |

| NET BOOK VALUE

| At 31 March 2025 | 73,065 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 914,000 |  | 844,744 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,860,948 |  | 2,598,848 |  |

| Other debtors | 1,459 |  | 15,393 |  |

| Amount due from Factoring

| Company | - |  | 9,352 |  |

| Tax | 13,744 |  | 13,744 |  |

| VAT | 196,255 |  | 90,334 |  |

| Prepayments | 30,321 |  | 53,134 |  |

3,102,727 |  | 2,780,805 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 15) | 14,776 |  | 37,968 |  |

| Hire purchase contracts (see note 16) | 26,426 |  | - |  |

| Trade creditors | 1,643,031 |  | 1,180,045 |  |

| Corporation tax | 142,029 |  | 555,981 |  |

| Social security and other taxes | 51,034 |  | 47,863 |  |

| Other creditors | 12,108 |  | 11,216 |  |

| Directors' current accounts | 468,680 |  | 879,935 |  |

| Accruals and deferred income | 626,907 |  | 849,216 |  |

2,984,991 |  | 3,562,224 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 15) | 76,295 |  | 93,185 |  |

| Hire purchase contracts (see note 16) | 53,883 |  | - |  |

130,178 |  | 93,185 |  |

15. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 14,776 |  | 37,968 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

15. | LOANS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 14,776 |  | 14,776 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 44,327 |  | 44,327 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank Loans over 5 years | 17,192 |  | 34,082 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 26,426 |  | - |  |

| Between one and five years | 53,883 |  | - |  |

80,309 |  | - |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 7,611 |  | 7,611 |  |

| Between one and five years | 5,708 |  | 13,319 |  |

13,319 |  | 20,930 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

17. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 91,071 |  | 131,153 |  |

| Hire purchase contracts | 80,309 |  | - |  |

171,380 |  | 131,153 |  |

| The bank loans are secured against the company's freehold property.

| Hire purchase liabilities are secured against the assets to which they relate.

18. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 512,365 |  | 168,621 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 168,621 |  |

| Accelerated capital allowances | 343,744 |  |

| Balance at 31 March 2025 | 512,365 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 8,334 | A Ordinary | £1 | 8,334 |  | 8,334 |  |

| 4,167 | B Ordinary | £1 | 4,167 |  | 4,167 |  |

| 4,166 | C Ordinary | £1 | 4,166 |  | 4,166 |  |

| 4,167 | D Ordinary | £1 | 4,167 |  | 4,167 |  |

| 4,166 | E Ordinary | £1 | 4,166 |  | 4,166 |  |

25,000 |  | 25,000 |  |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

20. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 6,419,044 |  | 174,543 |  | 6,593,587 |  |

| Profit for the year | 2,187,415 |  | 2,187,415 |  |

| Dividends | (332,650 | ) | (332,650 | ) |

| At 31 March 2025 | 8,273,809 |  | 174,543 |  | 8,448,352 |  |

| Retained earnings comprise accumulated profits and losses.

| The Revaluation reserve is a non-distributable reserve arising on revaluation of certain freehold properties.

21. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £9,140 (2024: £11,216) were payable to the fund at the balance sheet date and are included in other creditors.

22. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 156,792 |  | 18,000 |  |

23. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| N C W Wagstaff

| Balance outstanding at start of year | (439,987 | ) | 144 |  |

| Amounts advanced | 379,764 |  | 174,269 |  |

| Amounts repaid | (173,770 | ) | (614,400 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (233,993 | ) | (439,987 | ) |

| Mrs J M Wagstaff

| Balance outstanding at start of year | (439,948 | ) | 144 |  |

| Amounts advanced | 379,031 |  | 174,308 |  |

| Amounts repaid | (173,770 | ) | (614,400 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (234,687 | ) | (439,948 | ) |

| HOUGHTON HAMS LIMITED (REGISTERED NUMBER: 02919146) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

23. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| P Wagstaff

| Balance outstanding at start of year | - |  | 143 |  |

| Amounts advanced | - |  | 175,105 |  |

| Amounts repaid | - |  | (175,248 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

24. | RELATED PARTY DISCLOSURES

| During the year the company paid rent of £105,000 (2024: £101,000) to N & J Wagstaff, who are directors of the company.

25. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party. all shares are held in equal proportion between members of the Wagstaff family, of which Mr. N C W Wagstaff, Mrs J M Wagstaff and Mr. P Wagstaff are directors.