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REGISTERED NUMBER: 00627733 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

G.H.WALTON & SON LIMITED

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| G.H.WALTON & SON LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | Mr J K Walton

| Ms J M Walton

| Mrs E R Walton

| Mr T R Walton

| SECRETARY: | Mrs E R Walton

| REGISTERED OFFICE: | The Woodlands

| Malt House Lane

| Long Compton

| SHIPSTON-ON-STOUR

| Warwickshire

| CV36 5JL

| REGISTERED NUMBER: | 00627733 (England and Wales)

| ACCOUNTANTS: | Bronsens

| Chartered Certified Accountants

| Hillside

| Albion Street

| Chipping Norton

| Oxfordshire

| OX7 5BH

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,750,650 |  | 2,769,259 |  |

Investment property | 5 | 436,990 |  | 436,990 |  |

3,187,640 |  | 3,206,249 |  |

CURRENT ASSETS

Stocks | 6 | 95,890 |  | 99,128 |  |

Debtors | 7 | 106,894 |  | 73,328 |  |

Investments | 8 | 250 |  | 250 |  |

Cash at bank and in hand | 335 |  | 342 |  |

203,369 |  | 173,048 |  |

CREDITORS

Amounts falling due within one year | 9 | 296,449 |  | 231,685 |  |

NET CURRENT LIABILITIES | (93,080 | ) | (58,637 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,094,560 |  | 3,147,612 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (398,253 | ) | (448,164 | ) |

PROVISIONS FOR LIABILITIES | 13 | (321,070 | ) | (319,072 | ) |

NET ASSETS | 2,375,237 |  | 2,380,376 |  |

CAPITAL AND RESERVES

Called up share capital | 14 | 10,000 |  | 10,000 |  |

Revaluation reserve | 15 | 1,951,432 |  | 1,951,432 |  |

Retained earnings | 15 | 413,805 |  | 418,944 |  |

SHAREHOLDERS' FUNDS | 2,375,237 |  | 2,380,376 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

STATEMENT OF FINANCIAL POSITION - continued

30 APRIL 2025

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 7 November 2025 and were signed on its behalf by:

Mr J K Walton - Director

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 represents earned income from sales of crops and rental income, excluding value added tax.

| Tangible fixed assets

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

| Freehold property | - | not provided - see below

| Leasehold improvement | - | 10% on cost, 5% on cost and not provided

| Farm buildings | - | Straight line over 10 years

| Implements and plant | - | 10% on reducing balance

| Clay shoot equipment | - | 15% on reducing balance

| Office and sundries | - | 33% on cost and 25% on cost

| Motor vehicles | - | 25% on reducing balance

| Tractors | - | 10% on cost

| Depreciation has not been provided on Freehold Property, on the basis that the estimated residual value is not expected to be less than the current balance sheet value and therefore any depreciation would not be material.

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Current asset investment

| Current asset investments are stated at the lower of cost and net realisable value.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Leasehold |  | Farm |  | Implements

| property |  | improvement |  | buildings |  | and plant

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 2,280,000 |  | 768,594 |  | 73,918 |  | 169,339 |  |

| Additions | - |  | 6,105 |  | - |  | 3,290 |  |

| At 30 April 2025 | 2,280,000 |  | 774,699 |  | 73,918 |  | 172,629 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 341,439 |  | 73,917 |  | 108,752 |  |

| Charge for year | - |  | 33,840 |  | - |  | 6,466 |  |

| At 30 April 2025 | - |  | 375,279 |  | 73,917 |  | 115,218 |  |

| NET BOOK VALUE

| At 30 April 2025 | 2,280,000 |  | 399,420 |  | 1 |  | 57,411 |  |

| At 30 April 2024 | 2,280,000 |  | 427,155 |  | 1 |  | 60,587 |  |

| Clay |  | Office |

| shoot |  | and |  | Motor |

| equipment |  | sundries |  | vehicles |  | Tractors |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 71 |  | 4,454 |  | 17,388 |  | 63,500 |  | 3,377,264 |  |

| Additions | - |  | 1,746 |  | 14,750 |  | - |  | 25,891 |  |

| At 30 April 2025 | 71 |  | 6,200 |  | 32,138 |  | 63,500 |  | 3,403,155 |  |

| DEPRECIATION

| At 1 May 2024 | 69 |  | 4,126 |  | 16,202 |  | 63,500 |  | 608,005 |  |

| Charge for year | - |  | 208 |  | 3,986 |  | - |  | 44,500 |  |

| At 30 April 2025 | 69 |  | 4,334 |  | 20,188 |  | 63,500 |  | 652,505 |  |

| NET BOOK VALUE

| At 30 April 2025 | 2 |  | 1,866 |  | 11,950 |  | - |  | 2,750,650 |  |

| At 30 April 2024 | 2 |  | 328 |  | 1,186 |  | - |  | 2,769,259 |  |

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 30 April 2025 is represented by:

| Freehold |  | Leasehold |  | Farm |  | Implements

| property |  | improvement |  | buildings |  | and plant

£ | £ | £ | £ |

| Valuation in 2010 | 1,147,804 |  | - |  | - |  | - |  |

| Valuation in 2011 | 100,000 |  | - |  | - |  | - |  |

| Valuation in 2012 | 100,000 |  | - |  | - |  | - |  |

| Valuation in 2018 | 300,000 |  | - |  | - |  | - |  |

| Valuation in 2021 | 70,000 |  | - |  | - |  | - |  |

| Valuation in 2022 | 260,000 |  | - |  | - |  | - |  |

| Valuation in 2023 | 111,253 |  | - |  | - |  | - |  |

| Valuation in 2024 | 163,367 |  | - |  | - |  | - |  |

| Cost | 27,576 |  | 774,699 |  | 73,918 |  | 172,629 |  |

2,280,000 |  | 774,699 |  | 73,918 |  | 172,629 |  |

| Clay |  | Office |

| shoot |  | and |  | Motor |

| equipment |  | sundries |  | vehicles |  | Tractors |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2010 | - |  | - |  | - |  | - |  | 1,147,804 |  |

| Valuation in 2011 | - |  | - |  | - |  | - |  | 100,000 |  |

| Valuation in 2012 | - |  | - |  | - |  | - |  | 100,000 |  |

| Valuation in 2018 | - |  | - |  | - |  | - |  | 300,000 |  |

| Valuation in 2021 | - |  | - |  | - |  | - |  | 70,000 |  |

| Valuation in 2022 | - |  | - |  | - |  | - |  | 260,000 |  |

| Valuation in 2023 | - |  | - |  | - |  | - |  | 111,253 |  |

| Valuation in 2024 | - |  | - |  | - |  | - |  | 163,367 |  |

| Cost | 71 |  | 6,200 |  | 32,138 |  | 63,500 |  | 1,150,731 |  |

71 |  | 6,200 |  | 32,138 |  | 63,500 |  | 3,403,155 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Cost | 101,494 |  | 101,494 |  |

| Aggregate depreciation | 73,917 |  | 73,917 |  |

| Freehold property & buildings were valued on an open market basis on 30 April 2025 by the directors .

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024

| and 30 April 2025 | 436,990 |  |

| NET BOOK VALUE

| At 30 April 2025 | 436,990 |  |

| At 30 April 2024 | 436,990 |  |

6. | STOCKS

| 30.4.25 |  | 30.4.24

£ | £ |

| Stocks | 95,890 |  | 99,128 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 92,997 |  | 57,817 |  |

| VAT | 1,938 |  | 5,725 |  |

| Prepayments & accrued income | 11,959 |  | 9,786 |  |

106,894 |  | 73,328 |  |

8. | CURRENT ASSET INVESTMENTS

| 30.4.25 |  | 30.4.24

£ | £ |

| Unlisted investments | 250 |  | 250 |  |

| The market value of those unlisted investments available to be sold by auction (with a historic cost of £250) at the year end is £250.

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts (see note 11) | 80,288 |  | 84,679 |  |

| Trade creditors | 44,410 |  | 55,031 |  |

| Tax | 23,737 |  | 1,678 |  |

| Social security and other taxes | 292 |  | 1,230 |  |

| Other creditors | 55,711 |  | 21,264 |  |

| Rents received in advance | 13,652 |  | 13,882 |  |

| Wages | - |  | 2,376 |  |

| Directors' current accounts | 71,519 |  | 31,892 |  |

| Accruals and deferred income | 6,840 |  | 19,653 |  |

296,449 |  | 231,685 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans (see note 11) | 398,253 |  | 448,164 |  |

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 144,065 |  | 176,043 |  |

11. | LOANS

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 3,459 |  | 7,850 |  |

| Bank loans | 76,829 |  | 76,829 |  |

80,288 |  | 84,679 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 69,741 |  | 78,530 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 184,447 |  | 193,591 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 144,065 |  | 176,043 |  |

12. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank overdrafts | 3,459 |  | 7,850 |  |

| Bank loans | 475,082 |  | 524,993 |  |

478,541 |  | 532,843 |  |

| The bank loan is secured by way of a fixed and floating charge over the assets of the company in favour of HSBC bank dated 2 December 2015 plus a legal charge over the freehold property known as North Down Farm in favour of HSBC bank dated 6 April 2016.

| G.H.WALTON & SON LIMITED (REGISTERED NUMBER: 00627733) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

13. | PROVISIONS FOR LIABILITIES

| 30.4.25 |  | 30.4.24

£ | £ |

| Deferred tax

| Other timing differences | 300,992 |  | 300,992 |  |

| Accelerated capital allowances | 20,078 |  | 18,080 |  |

321,070 |  | 319,072 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 319,072 |  |

| Provided during year | 1,998 |  |

| Revaluation reserve |

| Balance at 30 April 2025 | 321,070 |  |

14. | CALLED UP SHARE CAPITAL

15. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 May 2024 | 418,944 |  | 1,951,432 |  | 2,370,376 |  |

| Profit for the year | 67,361 |  | 67,361 |  |

| Dividends | (72,500 | ) | (72,500 | ) |

| At 30 April 2025 | 413,805 |  | 1,951,432 |  | 2,365,237 |  |