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REGISTERED NUMBER: 03816485 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 29 December 2024 |

| for |

| Walter Forshaw Holdings Ltd |

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Contents of the Financial Statements

for the Year Ended 29 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Walter Forshaw Holdings Ltd |

Company Information

for the Year Ended 29 December 2024

| DIRECTORS: | A J Forshaw

| Mrs K L Forshaw Jones

| C Forshaw

| SECRETARY: | Mrs K L Forshaw Jones

| REGISTERED OFFICE: | King House

| Stotts Park

| James Street

| Westhoughton

| BL5 3QR

| REGISTERED NUMBER: | 03816485 (England and Wales)

| ACCOUNTANTS: | Haywoods

| 2nd Floor

| 11A Institute Street

| Bolton

| BL1 1PZ

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Balance Sheet

29 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 94,871 |  | 111,612 |  |

Investment property | 5 | 2,750,000 |  | 2,750,000 |  |

2,844,871 |  | 2,861,612 |  |

CURRENT ASSETS

Debtors | 6 | 149,981 |  | 89,483 |  |

Cash at bank | 237 |  | 2,934 |  |

150,218 |  | 92,417 |  |

CREDITORS

Amounts falling due within one year | 7 | (305,871 | ) | (236,308 | ) |

NET CURRENT LIABILITIES | (155,653 | ) | (143,891 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,689,218 |  | 2,717,721 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,386,557 | ) | (1,420,035 | ) |

PROVISIONS FOR LIABILITIES | (103,774 | ) | (105,492 | ) |

NET ASSETS | 1,198,887 |  | 1,192,194 |  |

CAPITAL AND RESERVES

Called up share capital | 2,250 |  | 2,250 |  |

Revaluation reserve | 10 | 954,642 |  | 954,642 |  |

Capital redemption reserve | 1,250 |  | 1,250 |  |

Retained earnings | 240,745 |  | 234,052 |  |

SHAREHOLDERS' FUNDS | 1,198,887 |  | 1,192,194 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Balance Sheet - continued

29 December 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mrs K L Forshaw Jones - Director

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Notes to the Financial Statements

for the Year Ended 29 December 2024

1. | STATUTORY INFORMATION

| Walter Forshaw Holdings Ltd 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 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.

| Plant and machinery etc | - | 15% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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 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.

3. | EMPLOYEES AND DIRECTORS

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

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Notes to the Financial Statements - continued

for the Year Ended 29 December 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST OR VALUATION

| At 30 December 2023

| and 29 December 2024 | 196,767 |  |

| DEPRECIATION

| At 30 December 2023 | 85,155 |  |

| Charge for year | 16,741 |  |

| At 29 December 2024 | 101,896 |  |

| NET BOOK VALUE

| At 29 December 2024 | 94,871 |  |

| At 29 December 2023 | 111,612 |  |

| The fixed assets are held at cost.

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 30 December 2023

| and 29 December 2024 | 2,750,000 |  |

| NET BOOK VALUE

| At 29 December 2024 | 2,750,000 |  |

| At 29 December 2023 | 2,750,000 |  |

| Fair value at 29 December 2024 is represented by:

£ |

| Valuation in 2022 | 300,000 |  |

| Valuation in 2018 | 712,868 |  |

| Cost | 1,737,132 |  |

2,750,000 |  |

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

2024 | 2023 |

£ | £ |

| Cost | 1,737,132 |  | 1,737,132 |  |

| The land and buildings were valued on an open market basis basis on 4 August 2023 by Lamb & Swift .

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Notes to the Financial Statements - continued

for the Year Ended 29 December 2024

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

2024 | 2023 |

£ | £ |

| Trade debtors | 64,172 |  | 1,095 |  |

| Other debtors | 85,809 |  | 88,388 |  |

149,981 |  | 89,483 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 32,893 |  | 43,024 |  |

| Hire purchase contracts | 17,772 |  | 17,772 |  |

| Trade creditors | 47,461 |  | 55,822 |  |

| Taxation and social security | 62,980 |  | 13,846 |  |

| Other creditors | 144,765 |  | 105,844 |  |

305,871 |  | 236,308 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans | 1,339,791 |  | 1,361,898 |  |

| Hire purchase contracts | 46,766 |  | 58,137 |  |

1,386,557 |  | 1,420,035 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 1,167,039 |  | 1,189,146 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 1,372,684 |  | 1,404,922 |  |

| The bank loan is secured by a fixed and floating charge of the freehold land and buildings.

10. | RESERVES

| Revaluation

| reserve

£ |

| At 30 December 2023

| and 29 December 2024 | 954,642 |  |

| Walter Forshaw Holdings Ltd (Registered number: 03816485) |

Notes to the Financial Statements - continued

for the Year Ended 29 December 2024

11. | RELATED PARTY DISCLOSURES

| At the year end there is a balance due to a company associated via the shareholders of £94,705 (2023: £80,819). The loan is interest free and has no fixed terms.

| At the year end there was an amount due from the directors of £58,831 (2023: £57,678). Interest is payable on this loan at a rate of 2% per annum.