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REGISTERED NUMBER: 07059524 (England and Wales)

WELSHPOOL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| WELSHPOOL HOLDINGS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | J O Evans

| R D Evans

| A H Turner

| D T L Jones

| REGISTERED OFFICE: | The New Smithfield

| Buttington Cross

| Welshpool

| Powys

| SY21 8SR

| REGISTERED NUMBER: | 07059524 (England and Wales)

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,030,149 |  | 1,055,893 |  |

Investments | 5 | 1 |  | 1 |  |

1,030,150 |  | 1,055,894 |  |

CURRENT ASSETS

Debtors | 6 | 1,087,524 |  | 1,042,377 |  |

Cash at bank | 12,843 |  | - |  |

1,100,367 |  | 1,042,377 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,750,019 |  | 1,756,431 |  |

NET CURRENT LIABILITIES | (649,652 | ) | (714,054 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 380,498 |  | 341,840 |  |

PROVISIONS FOR LIABILITIES | 18,071 |  | 20,820 |  |

NET ASSETS | 362,427 |  | 321,020 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 362,425 |  | 321,018 |  |

SHAREHOLDERS' FUNDS | 362,427 |  | 321,020 |  |

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

A H Turner - Director

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Welshpool 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 Welshpool 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.

| Turnover

| Turnover represents net invoiced sales, excluding value added tax.

| Tangible fixed assets

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

| Fixtures and fittings | - | 4% Straight Line

| Freehold Property has not been depreciated as in the opinion of the directors, the depreciation charge and accumulated depreciation would be immaterial due to the long economic life and high residual value of the freehold property.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 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 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 758,318 |  | 643,592 |  | 1,401,910 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 346,017 |  | 346,017 |  |

| Charge for year | - |  | 25,744 |  | 25,744 |  |

| At 31 March 2025 | - |  | 371,761 |  | 371,761 |  |

| NET BOOK VALUE

| At 31 March 2025 | 758,318 |  | 271,831 |  | 1,030,149 |  |

| At 31 March 2024 | 758,318 |  | 297,575 |  | 1,055,893 |  |

| Freehold Property has not been depreciated as in the opinion of the directors, the depreciation charge and accumulated depreciation would be immaterial due to the long economic life and high residual value of the freehold property.

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1 |  |

| At 31 March 2024 | 1 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 1,086,524 |  | 1,041,377 |  |

| Other debtors | 1,000 |  | 1,000 |  |

1,087,524 |  | 1,042,377 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 31 |  |

| Taxation and social security | 10,867 |  | 12,873 |  |

| Other creditors | 1,739,152 |  | 1,743,527 |  |

1,750,019 |  | 1,756,431 |  |

8. | SECURED DEBTS

| The group bank borrowings are secured by a mortgage over the freehold property and fixed and floating charge over all assets.

9. | CONTINGENT LIABILITIES

| The company has provided a guarantee for all bank borrowings of Welshpool Livestock Sales Limited, a wholly owned subsidiary.

WELSHPOOL HOLDINGS LIMITED (REGISTERED NUMBER: 07059524) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | RELATED PARTY DISCLOSURES

| At 31 March 2025 there was an amount due from a wholly owned subsidiary of £1,086,524 (2024: £1,041,377)

| At 31 March 2025 included in other creditors, there were amounts due of £1,715,652 (2024 £1,715,652) to controlling parties.

11. | CONTROLLING PARTY

| The controlling party is Messrs Morris Marshall & Poole with Norman Lloyd who owns 100% of the share capital.