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REGISTERED NUMBER: 01570559 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mark Weatherhead Limited

| Mark Weatherhead Limited (Registered number: 01570559) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Mark Weatherhead Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr M R Weatherhead

| Mr E S Weatherhead

| REGISTERED OFFICE: | Yew Tree House

| 36 Kneesworth Street

| Royston

| Hertfordshire

| SG8 5AB

| BUSINESS ADDRESS: | Ashworth House

| St Neots Road

| Hardwick

| Cambridgeshire

| CB23 7QL

| REGISTERED NUMBER: | 01570559 (England and Wales)

| ACCOUNTANTS: | Hardcastle Burton LLP

| Lake House

| Market Hill

| Royston

| Hertfordshire

| SG8 9JN

| Mark Weatherhead Limited (Registered number: 01570559) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 98,244 |  | 138,965 |  |

98,244 |  | 138,965 |  |

CURRENT ASSETS

Stocks | 6 | 73,643 |  | 1,051,318 |  |

Debtors | 7 | 25,375 |  | 523,851 |  |

Cash at bank and in hand | 227,597 |  | 134,452 |  |

326,615 |  | 1,709,621 |  |

CREDITORS

Amounts falling due within one year | 8 | 90,792 |  | 843,886 |  |

NET CURRENT ASSETS | 235,823 |  | 865,735 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 334,067 |  | 1,004,700 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 1,603,184 |  | 1,633,837 |  |

NET LIABILITIES | (1,269,117 | ) | (629,137 | ) |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | (1,269,217 | ) | (629,237 | ) |

SHAREHOLDERS' FUNDS | (1,269,117 | ) | (629,137 | ) |

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.

| Mark Weatherhead Limited (Registered number: 01570559) |

Balance Sheet - continued

31 March 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 29 October 2025 and were signed on its behalf by:

Mr M R Weatherhead - Director

| Mark Weatherhead Limited (Registered number: 01570559) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Mark Weatherhead 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.

| The financial statements have been prepared on a going concern basis. There are net liabilities of £1,269,117 (2024 £629,137). The parent company has confirmed its continued support and had confirmed outstanding loans will not be recalled for payment within 12 months following the date of signing the financial statements. Therefore the Directors consider this basis to be appropriate at 31 March 2025.

| Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount and to provide for any further liabilities which might arise.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions which impact on the reported amounts of assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover represents net invoiced sales of goods and services excluding value added tax.

| Turnover from the supply of goods is recognised when the goods are physically delivered to the customer. Where payments are received from customers in advance of the delivery of goods, the income is deferred and included in accruals.

| 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 property - 20% on reducing balance

| Plant and machinery - 25% on reducing balance

| Fixtures and fittings - 15% on reducing balance

| Motor vehicles - 25% on reducing balance

| Computer equipment - 25% on reducing balance

| Stocks

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

| Consignment stock is recognised as stock of the company on delivery from the supplier where substantially all the risks and rewards of ownership are transferred to the company.

| Mark Weatherhead Limited (Registered number: 01570559) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Mark Weatherhead Limited (Registered number: 01570559) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Related party disclosure

| As the company is a wholly owned subsidiary within the group of its ultimate holding party Mardon Estates Limited the company has taken advantage of the exemption contained within FRS 102 and has therefore not disclosed transactions with entities which form part of the group.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 19 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024 | 4,750 |  |

| Disposals | (4,750 | ) |

| At 31 March 2025 | - |  |

| AMORTISATION

| At 1 April 2024 | 4,750 |  |

| Eliminated on disposal | (4,750 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

| Mark Weatherhead Limited (Registered number: 01570559) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024 | 278,995 |  | 175,755 |  | 116,851 |  |

| Additions | 3,502 |  | - |  | - |  |

| Disposals | - |  | (170,089 | ) | (92,192 | ) |

| At 31 March 2025 | 282,497 |  | 5,666 |  | 24,659 |  |

| DEPRECIATION

| At 1 April 2024 | 176,429 |  | 162,905 |  | 111,771 |  |

| Charge for year | 12,591 |  | 2,589 |  | 602 |  |

| Eliminated on disposal | - |  | (163,191 | ) | (88,450 | ) |

| At 31 March 2025 | 189,020 |  | 2,303 |  | 23,923 |  |

| NET BOOK VALUE

| At 31 March 2025 | 93,477 |  | 3,363 |  | 736 |  |

| At 31 March 2024 | 102,566 |  | 12,850 |  | 5,080 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 257,443 |  | 130,493 |  | 959,537 |  |

| Additions | 1,301 |  | - |  | 4,803 |  |

| Disposals | (241,617 | ) | (129,785 | ) | (633,683 | ) |

| At 31 March 2025 | 17,127 |  | 708 |  | 330,657 |  |

| DEPRECIATION

| At 1 April 2024 | 238,974 |  | 130,493 |  | 820,572 |  |

| Charge for year | 2,377 |  | 1,419 |  | 19,578 |  |

| Eliminated on disposal | (224,535 | ) | (131,561 | ) | (607,737 | ) |

| At 31 March 2025 | 16,816 |  | 351 |  | 232,413 |  |

| NET BOOK VALUE

| At 31 March 2025 | 311 |  | 357 |  | 98,244 |  |

| At 31 March 2024 | 18,469 |  | - |  | 138,965 |  |

| Mark Weatherhead Limited (Registered number: 01570559) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| New machinery stock | - |  | 473,873 |  |

| Used machinery stock | 18,643 |  | 382,308 |  |

| Parts stock | 55,000 |  | 195,137 |  |

73,643 |  | 1,051,318 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 20,337 |  | 494,466 |  |

| Other debtors | 5,038 |  | 1,061 |  |

| Prepayments and accrued income | - |  | 28,324 |  |

25,375 |  | 523,851 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | - |  | 10,000 |  |

| Trade creditors | 15,115 |  | 553,257 |  |

| Social security and other taxes | 2,829 |  | 13,496 |  |

| VAT | - |  | 49,069 |  |

| Other loans | - |  | 86,000 |  |

| Directors' loan accounts | 57,160 |  | 120,658 |  |

| Accrued expenses | 15,688 |  | 11,406 |  |

90,792 |  | 843,886 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans - 1-2 years | - |  | 18,333 |  |

| Amounts owed to group undertakings | 1,603,184 |  | 1,615,504 |  |

1,603,184 |  | 1,633,837 |  |

| Mark Weatherhead Limited (Registered number: 01570559) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bounce back loan | - |  | 28,333 |  |

| There is a legal charge in place with Barclay Bank PLC dated 26 March 1997 in relation to 4 Helions Road Steeple Bumpstead Essex securing all monies due or to become due to the chargee.

| The bounce back loan was repaid in full within the year.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Total contributions during the year amounted to £5,967 (2024 - £8,317).The pension contributions outstanding at the year end amounted to £0 (2024 - £1,612).

13. | RELATED PARTY DISCLOSURES

| At 31 March 2025, the company owed Mr M Weatherhead, a Director of the company £57,161 (2024: £110,658). This amount is interest free and repayable on demand.

| During the year the company repaid in full a loan from Mrs V Weatherhead, the wife of a Director of the company (2024:£86,000).

14. | ULTIMATE CONTROLLING PARTY

| The immediate and ultimate holding company is Mardon Estates Limited, a company incorporated in the United Kingdom.