IRIS Accounts Production v25.4.0.155 SC774238 Board of Directors 31.12.24 1.7.24 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. operation of caravan parks and the sale of caravans. true true true false true true false false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC774238 2024-06-30 SC774238 2024-12-31 SC774238 2024-07-01 2024-12-31 SC774238 2023-06-28 SC774238 2023-06-29 2024-06-30 SC774238 2024-06-30 SC774238 ns15:Scotland 2024-07-01 2024-12-31 SC774238 ns14:PoundSterling 2024-07-01 2024-12-31 SC774238 ns10:Director1 2024-07-01 2024-12-31 SC774238 ns10:Consolidated 2024-12-31 SC774238 ns10:ConsolidatedGroupCompanyAccounts 2024-07-01 2024-12-31 SC774238 ns10:PrivateLimitedCompanyLtd 2024-07-01 2024-12-31 SC774238 ns10:Consolidated ns10:MediumEntities 2024-07-01 2024-12-31 SC774238 ns10:Consolidated ns10:Audited 2024-07-01 2024-12-31 SC774238 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-07-01 2024-12-31 SC774238 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-07-01 2024-12-31 SC774238 ns10:Consolidated 2024-07-01 2024-12-31 SC774238 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-07-01 2024-12-31 SC774238 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-07-01 2024-12-31 SC774238 ns10:FullAccounts 2024-07-01 2024-12-31 SC774238 ns5:Subsidiary1 2024-07-01 2024-12-31 SC774238 1 2024-07-01 2024-12-31 SC774238 ns10:OrdinaryShareClass1 2024-07-01 2024-12-31 SC774238 ns10:Director2 2024-07-01 2024-12-31 SC774238 ns10:Director3 2024-07-01 2024-12-31 SC774238 ns10:RegisteredOffice 2024-07-01 2024-12-31 SC774238 ns10:Consolidated 2023-06-29 2024-06-30 SC774238 ns5:CurrentFinancialInstruments 2024-12-31 SC774238 ns5:CurrentFinancialInstruments 2024-06-30 SC774238 ns5:Non-currentFinancialInstruments 2024-12-31 SC774238 ns5:Non-currentFinancialInstruments 2024-06-30 SC774238 ns5:ShareCapital 2024-12-31 SC774238 ns5:ShareCapital 2024-06-30 SC774238 ns5:SharePremium 2024-12-31 SC774238 ns5:SharePremium 2024-06-30 SC774238 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC774238 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 SC774238 ns5:ShareCapital 2023-06-29 2024-06-30 SC774238 ns5:SharePremium 2023-06-29 2024-06-30 SC774238 ns5:RetainedEarningsAccumulatedLosses 2023-06-29 2024-06-30 SC774238 ns5:RetainedEarningsAccumulatedLosses 2024-07-01 2024-12-31 SC774238 ns5:NetGoodwill 2024-07-01 2024-12-31 SC774238 ns5:IntangibleAssetsOtherThanGoodwill 2024-07-01 2024-12-31 SC774238 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-07-01 2024-12-31 SC774238 ns5:LeaseholdImprovements 2024-07-01 2024-12-31 SC774238 ns5:PlantMachinery 2024-07-01 2024-12-31 SC774238 ns5:MotorVehicles 2024-07-01 2024-12-31 SC774238 ns5:CostValuation 2024-06-30 SC774238 ns5:AdditionsToInvestments 2024-12-31 SC774238 ns5:CostValuation 2024-12-31 SC774238 1 ns5:Subsidiary1 2024-07-01 2024-12-31 SC774238 ns5:Subsidiary1 2024-12-31 SC774238 ns5:Subsidiary1 2024-06-30 SC774238 ns5:Subsidiary1 2023-06-29 2024-06-30 SC774238 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC774238 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 SC774238 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-12-31 SC774238 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-06-30 SC774238 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 SC774238 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-06-30 SC774238 ns10:OrdinaryShareClass1 2024-12-31 SC774238 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 SC774238 ns5:SharePremium 2024-06-30

REGISTERED NUMBER: SC774238 (Scotland)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Period 1st July 2024 to 31st December 2024

for

Border Caravans Holdings Limited

| Border Caravans Holdings Limited (Registered number: SC774238) |

Contents of the Consolidated Financial Statements

for the Period 1st July 2024 to 31st December 2024

| Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |  | to |  | 5

| Consolidated Income Statement | 6 |

| Consolidated Other Comprehensive Income | 7 |

| Consolidated Balance Sheet | 8 |

| Company Balance Sheet | 9 |

| Consolidated Statement of Changes in Equity | 10 |

| Company Statement of Changes in Equity | 11 |

| Consolidated Cash Flow Statement | 12 |

| Notes to the Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Financial Statements | 14 |  | to |  | 23

| Border Caravans Holdings Limited |

Company Information

for the Period 1st July 2024 to 31st December 2024

| DIRECTORS: | K P Taylor

| Mrs S J Taylor

| P B R Taylor

| REGISTERED OFFICE: | c/o Farries Kirk & McVean

| Dumfries Enterpirse Park

| Heathhall

| Dumfries

| DG1 3SJ

| REGISTERED NUMBER: | SC774238 (Scotland)

| AUDITORS: | Farries, Kirk & McVean

| Chartered Accountants

| Statutory Auditors

| Dumfries Enterprise Park

| Heathhall

| Dumfries

| DUMFRIESSHIRE

| DG1 3SJ

| BANKERS: | HSBC Bank plc

| 189 - 191 High Street

| Gosforth

| Newcastle upon Tyne

| NE3 1HE

| Border Caravans Holdings Limited (Registered number: SC774238) |

Group Strategic Report

for the Period 1st July 2024 to 31st December 2024

The directors present their strategic report of the company and the group for the period 1st July 2024 to 31st December 2024.

Border Caravans Holdings Limited became the parent company of Border Caravans Limited in early 2024. Border Caravans Limited trades in caravans but is also itself the parent of four subsidiary caravan and lodge parks.

The four different trading companies at the base of the group are Portzim Limited, Riverside Caravan park (Hawick) Limited, Mouswald Park Limited and Westlands Country Park Limited. Portzim has been trading as part of the group since 2003 and the others were added across the following two decades. The group also operates a golf course, shooting range, gun shop and fishing facilities.

The directors believe that, based across the Scottish Border and Dumfrieshshire, the group is well placed to serve their customers. The extensive experience that they and their staff possess within the industry is to the benefit of both the group and its customers.

REVIEW OF BUSINESS

The directors are satisfied with the results. The group had a successful year of trade. Across 2024, including pre-acquisition trade, the group turnover rose to £11.7m from £11.1m, whilst Gross Profit increased from £6.9m to £7.0m.The gross profit percentage did drop from 61.9% to 59.9% as a result of most growth being in lower margin areas. Bottom line profits before tax were £575k.

Key Performance Indicators (KPI's)

Given the straightforward nature of the business, the directors are of the opinion that there are no additional KPI's other than the measures of turnover and gross profit reported above that are necessary for an understanding of the development, performance or position of the business.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks and uncertainties affecting the company are considered to relate to competition from both national and independent machinery dealers, employee retention and product availability.

Financial risk management

The company's operations expose it to financial risk. A variety of financial risks exist including credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to any individual is subject to a limit which can only be reassessed by a director.

Liquidity risk

The company requires debt finance to ensure there are sufficient available funds for operations.

Interest rate risk

The company has interest bearing liabilities including a bank loan. The amount of interest charged on these liabilities is not sufficient to significantly affect company operations.

ON BEHALF OF THE BOARD:

Mrs S J Taylor - Director

5th November 2025

| Border Caravans Holdings Limited (Registered number: SC774238) |

Report of the Directors

for the Period 1st July 2024 to 31st December 2024

The directors present their report with the financial statements of the company and the group for the period 1st July 2024 to 31st December 2024.

DIVIDENDS

The total distribution of dividends for the period ended 31st December 2024 will be £ 180,000 .

DIRECTORS

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

K P Taylor

Mrs S J Taylor

P B R Taylor

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Farries, Kirk & McVean, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs S J Taylor - Director

5th November 2025

Report of the Independent Auditors to the Members of

Border Caravans Holdings Limited

Opinion

We have audited the financial statements of Border Caravans Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31st December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31st December 2024 and of the group's loss for the period 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 group 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 group's and the parent 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 Group 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.

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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company 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.

Report of the Independent Auditors to the Members of

Border Caravans Holdings Limited

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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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:

- we have assessed the susceptibility of the company's financial statements to material misstatement as being low risk. The directors are very involved in the day to day management of the business and have a focus on controls to address potential fraud and error.

- with one exception, the nature of the company's activities are not significantly regulated. We have discussed the legal and regulatory framework the company operates under with the directors. This has enabled us to gain an understanding of those laws and regulations that are applicable to the company and the procedures they operate to ensure compliance. We have paid particular attention to the one area of significant regulation.

- we have obtained an understanding of the company's policies and procedures on fraud risk through two way communication with the management and have no knowledge of any actual, suspected or alleged fraud.

- the Senior Statutory Auditor is satisfied that the engagement audit staff were competent to and capable of recognising non-compliance with laws and regulation. No details of any non-compliance were communicated to us and no such potential instances were noted during the audit process.

We have reached these conclusions following enquiries made of those charged with governance and senior staff and following audit testing procedures and review of financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

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.

Rodney Palmer, BA, CA (Senior Statutory Auditor)

for and on behalf of Farries, Kirk & McVean

Chartered Accountants

Statutory Auditors

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

5th November 2025

| Border Caravans Holdings Limited (Registered number: SC774238) |

Consolidated

Income Statement

for the Period 1st July 2024 to 31st December 2024

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

| Notes | £ | £ |

TURNOVER | 5,641,846 |  | - |  |

Cost of sales | (1,990,688 | ) | - |  |

GROSS PROFIT | 3,651,158 |  | - |  |

Distribution costs | (9,847 | ) | - |  |

Administrative expenses | (3,280,026 | ) | - |  |

361,285 |  | - |  |

Other operating income | 1,667 |  | - |  |

OPERATING PROFIT | 4 | 362,952 |  | - |  |

Interest payable and similar expenses | 5 | (316,211 | ) | (103,632 | ) |

PROFIT/(LOSS) BEFORE TAXATION | 46,741 |  | (103,632 | ) |

Tax on profit/(loss) | 6 | (62,637 | ) | - |  |

LOSS FOR THE FINANCIAL PERIOD | (15,896 | ) | (103,632 | ) |

Loss attributable to:

Owners of the parent | (15,896 | ) | (103,632 | ) |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Consolidated

Other Comprehensive Income

for the Period 1st July 2024 to 31st December 2024

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

| Notes | £ | £ |

LOSS FOR THE PERIOD | (15,896 | ) | (103,632 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | (15,896 | ) | (103,632 | ) |

Total comprehensive income attributable to:

Owners of the parent | (15,896 | ) | (103,632 | ) |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Consolidated Balance Sheet

31st December 2024

| 2024 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 1,215,000 |  | - |  |

Tangible assets | 10 | 10,731,074 |  | - |  |

Investments | 11 | - |  | - |  |

11,946,074 |  | - |  |

CURRENT ASSETS

Stocks | 12 | 6,672,248 |  | - |  |

Debtors | 13 | 291,329 |  | 9,500,000 |  |

Cash in hand | 27,480 |  | - |  |

6,991,057 |  | 9,500,000 |  |

CREDITORS

Amounts falling due within one year | 14 | (5,355,892 | ) | (540,130 | ) |

NET CURRENT ASSETS | 1,635,165 |  | 8,959,870 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,581,239 |  | 8,959,870 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (6,839,743 | ) | (2,563,502 | ) |

PROVISIONS FOR LIABILITIES | 19 | (541,024 | ) | - |  |

NET ASSETS | 6,200,472 |  | 6,396,368 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 650,000 |  | 650,000 |  |

Share premium | 21 | 5,850,000 |  | 5,850,000 |  |

Retained earnings | 21 | (299,528 | ) | (103,632 | ) |

SHAREHOLDERS' FUNDS | 6,200,472 |  | 6,396,368 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 5th November 2025 and were signed on its behalf by:

Mrs S J Taylor - Director

| Border Caravans Holdings Limited (Registered number: SC774238) |

Company Balance Sheet

31st December 2024

| 2024 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 9,642,656 |  | 9,500,000 |  |

9,642,656 |  | 9,500,000 |  |

CREDITORS

Amounts falling due within one year | 14 | (780,238 | ) | (540,130 | ) |

NET CURRENT LIABILITIES | (780,238 | ) | (540,130 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,862,418 |  | 8,959,870 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (2,346,049 | ) | (2,563,502 | ) |

NET ASSETS | 6,516,369 |  | 6,396,368 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 650,000 |  | 650,000 |  |

Share premium | 21 | 5,850,000 |  | 5,850,000 |  |

Retained earnings | 21 | 16,369 |  | (103,632 | ) |

SHAREHOLDERS' FUNDS | 6,516,369 |  | 6,396,368 |  |

Company's profit/(loss) for the financial year | 300,001 |  | (103,632 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 5th November 2025 and were signed on its behalf by:

Mrs S J Taylor - Director

| Border Caravans Holdings Limited (Registered number: SC774238) |

Consolidated Statement of Changes in Equity

for the Period 1st July 2024 to 31st December 2024

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Changes in equity

Issue of share capital | 650,000 |  | - |  | 5,850,000 |  | 6,500,000 |  |

Total comprehensive income | - |  | (103,632 | ) | - |  | (103,632 | ) |

Balance at 30th June 2024 | 650,000 |  | (103,632 | ) | 5,850,000 |  | 6,396,368 |  |

Changes in equity

Dividends | - |  | (180,000 | ) | - |  | (180,000 | ) |

Total comprehensive income | - |  | (15,896 | ) | - |  | (15,896 | ) |

Balance at 31st December 2024 | 650,000 |  | (299,528 | ) | 5,850,000 |  | 6,200,472 |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Company Statement of Changes in Equity

for the Period 1st July 2024 to 31st December 2024

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Changes in equity

Issue of share capital | 650,000 |  | - |  | 5,850,000 |  | 6,500,000 |  |

Total comprehensive income | - |  | (103,632 | ) | - |  | (103,632 | ) |

Balance at 30th June 2024 | 650,000 |  | (103,632 | ) | 5,850,000 |  | 6,396,368 |  |

Changes in equity

Dividends | - |  | (180,000 | ) | - |  | (180,000 | ) |

Total comprehensive income | - |  | 300,001 |  | - |  | 300,001 |  |

Balance at 31st December 2024 | 650,000 |  | 16,369 |  | 5,850,000 |  | 6,516,369 |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Consolidated Cash Flow Statement

for the Period 1st July 2024 to 31st December 2024

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 3,632,813 |  | (9,500,000 | ) |

Interest paid | (301,795 | ) | (103,632 | ) |

Interest element of hire purchase payments paid | (14,416 | ) | - |  |

Tax paid | (132,682 | ) | - |  |

Net cash from operating activities | 3,183,920 |  | (9,603,632 | ) |

Cash flows from investing activities

Purchase of intangible fixed assets | (1,351,532 | ) | - |  |

Purchase of tangible fixed assets | (10,398,814 | ) | - |  |

Sale of tangible fixed assets | 36,000 |  | - |  |

Net cash from investing activities | (11,714,346 | ) | - |  |

Cash flows from financing activities

New loans in year | 4,835,036 |  | 3,000,000 |  |

Loan repayments in year | (562,207 | ) | (86,498 | ) |

Capital repayments in year | (207,930 | ) | - |  |

Amount withdrawn by directors | 3,718 |  | - |  |

Share issue | - |  | 6,500,000 |  |

Pre acquisition adjustments | 3,180,068 |  | 190,130 |  |

Equity dividends paid | (180,000 | ) | - |  |

Net cash from financing activities | 7,068,685 |  | 9,603,632 |  |

Decrease in cash and cash equivalents | (1,461,741 | ) | - |  |

Cash and cash equivalents at beginning of period | 2 | - |  | - |  |

Cash and cash equivalents at end of period | 2 | (1,461,741 | ) | - |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Cash Flow Statement

for the Period 1st July 2024 to 31st December 2024

1. | RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Profit/(loss) before taxation | 46,741 |  | (103,632 | ) |

| Depreciation charges | 501,375 |  | - |  |

| Profit on disposal of fixed assets | (10,815 | ) | - |  |

| Finance costs | 316,211 |  | 103,632 |  |

853,512 |  | - |  |

| Increase in trade and other debtors | (47,022 | ) | (9,500,000 | ) |

| Increase in trade and other creditors | 2,826,323 |  | - |  |

| Cash generated from operations | 3,632,813 |  | (9,500,000 | ) |

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:

| Period ended 31st December 2024

| 31.12.24 |  | 1.7.24

£ | £ |

| Cash and cash equivalents | 27,480 |  | - |  |

| Bank overdrafts | (1,489,221 | ) | - |  |

(1,461,741 | ) | - |  |

| Period ended 30th June 2024

| 30.6.24 |  | 29.6.23

£ | £ |

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.7.24 | Cash flow | changes | At 31.12.24

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | - |  | 27,480 |  | 27,480 |  |

| Bank overdrafts | - |  | (1,489,221 | ) | (1,489,221 | ) |

- |  | (1,461,741 | ) | (1,461,741 | ) |

| Debt

| Finance leases | - |  | (178,369 | ) | - |  | (505,912 | ) |

| Debts falling due

| within 1 year | (350,000 | ) | (348,652 | ) | - |  | (698,652 | ) |

| Debts falling due

| after 1 year | (2,563,502 | ) | (3,924,176 | ) | - |  | (6,487,678 | ) |

(2,913,502 | ) | (4,451,197 | ) | - |  | (7,692,242 | ) |

| Total | (2,913,502 | ) | (5,912,938 | ) | - |  | (9,153,983 | ) |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements

for the Period 1st July 2024 to 31st December 2024

1. | STATUTORY INFORMATION

| Border Caravans Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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.

| Freehold property | - | 1% on reducing balance

| Improvements to property | - | 1% on reducing balance

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

| Motor vehicles | - | 25% on reducing balance

| Amounts written off each asset over the estimated useful life represent cost less residual value.

| 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 period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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.

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

2. | ACCOUNTING POLICIES - continued

| 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Financial instruments

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

| Trade Creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

| Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

| Borrowings

| Interest bearing borrowings are initially recorded at transaction price, net of transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment.

| Interest expense is recognised on the basis of the effective interest rate method and is included in interest payable and similar charges.

| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

| Share Capital

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

| Provisions and contingencies

| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

3. | EMPLOYEES AND DIRECTORS

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Wages and salaries | 1,131,935 |  | - |  |

| Social security costs | 91,166 |  | - |  |

| Other pension costs | 18,955 |  | - |  |

1,242,056 |  | - |  |

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

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

| Directors | 3 |  | 3 |  |

| Other employees | 103 |  | - |  |

106 |  | 3 |  |

| The average number of employees by undertakings that were proportionately consolidated during the period was 106 (2024 - NIL ) .

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Directors' remuneration | 75,270 |  | - |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Hire of plant and machinery | 6,471 |  | - |  |

| Depreciation - owned assets | 310,382 |  | - |  |

| Depreciation - assets on hire purchase contracts | 54,461 |  | - |  |

| Profit on disposal of fixed assets | (10,815 | ) | - |  |

| Goodwill amortisation | 136,532 |  | - |  |

| Auditors' remuneration | 5,750 |  | - |  |

| Auditors' remuneration for non audit work | 15,650 |  | - |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Bank interest | 73,124 |  | - |  |

| Bank loan interest | 212,142 |  | 103,632 |  |

| Stocking plan interest | 16,529 |  | - |  |

| Hire purchase | 13,418 |  | - |  |

| Leasing | 998 |  | - |  |

316,211 |  | 103,632 |  |

6. | TAXATION

| Analysis of the tax charge

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

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Current tax:

| UK corporation tax | 64,970 |  | - |  |

| Corporation tax interest | 1,902 |  | - |  |

| Total current tax | 66,872 |  | - |  |

| Deferred tax | (4,235 | ) | - |  |

| Tax on profit/(loss) | 62,637 |  | - |  |

| UK corporation tax has been charged at 25 % .

| Reconciliation of total tax charge included in profit and loss

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

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Profit/(loss) before tax | 46,741 |  | (103,632 | ) |

| Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 11,685 |  | (25,908 | ) |

| Effects of:

| Depreciation in excess of capital allowances | 33,308 |  | - |  |

| Utilisation of tax losses | - |  | 25,908 |  |

| Structures & buildings allowance | (20,515 | ) | - |  |

| Research & development | 216 |  | - |  |

| Corporation tax interest | 1,902 |  | - |  |

| Deferred tax | (4,235 | ) | - |  |

| Pre acquisition tax adjustment | 40,276 |  | - |  |

| Total tax charge | 62,637 |  | - |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

7. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8. | DIVIDENDS

| Period |  | Period

| 1.7.24 |  | 29.6.23

| to |  | to

| 31.12.24 |  | 30.6.24

£ | £ |

| Interim | 180,000 |  | - |  |

9. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| Additions | 1,351,532 |  |

| At 31st December 2024 | 1,351,532 |  |

| AMORTISATION

| Amortisation for period | 136,532 |  |

| At 31st December 2024 | 136,532 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,215,000 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| Additions | 90,191 |  | 100,714 |  | 182,279 |  |

| Disposals | - |  | - |  | - |  |

| Reclassification/transfer | 7,924,566 |  | 1,471,768 |  | 3,382,805 |  |

| At 31st December 2024 | 8,014,757 |  | 1,572,482 |  | 3,565,084 |  |

| DEPRECIATION

| Charge for period | 48,682 |  | 15,254 |  | 240,349 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| Reclassification/transfer | 364,991 |  | 47,878 |  | 1,962,755 |  |

| At 31st December 2024 | 413,673 |  | 63,132 |  | 2,203,104 |  |

| NET BOOK VALUE

| At 31st December 2024 | 7,601,084 |  | 1,509,350 |  | 1,361,980 |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| Additions | 11,563 |  | 12,995 |  | 397,742 |  |

| Disposals | - |  | (81,500 | ) | (81,500 | ) |

| Reclassification/transfer | 258,595 |  | 372,261 |  | 13,409,995 |  |

| At 31st December 2024 | 270,158 |  | 303,756 |  | 13,726,237 |  |

| DEPRECIATION

| Charge for period | 28,583 |  | 31,975 |  | 364,843 |  |

| Eliminated on disposal | - |  | (56,315 | ) | (56,315 | ) |

| Reclassification/transfer | 78,835 |  | 232,176 |  | 2,686,635 |  |

| At 31st December 2024 | 107,418 |  | 207,836 |  | 2,995,163 |  |

| NET BOOK VALUE

| At 31st December 2024 | 162,740 |  | 95,920 |  | 10,731,074 |  |

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| Additions | 20,746 |  | - |  | 20,746 |  |

| Disposals | - |  | (54,500 | ) | (54,500 | ) |

| Transfer to ownership | (42,500 | ) | (34,697 | ) | (77,197 | ) |

| Reclassification/transfer | 419,600 |  | 182,338 |  | 601,938 |  |

| At 31st December 2024 | 397,846 |  | 93,141 |  | 490,987 |  |

| DEPRECIATION

| Charge for period | 39,171 |  | 15,290 |  | 54,461 |  |

| Eliminated on disposal | - |  | (29,975 | ) | (29,975 | ) |

| Transfer to ownership | (11,795 | ) | (19,082 | ) | (30,877 | ) |

| Reclassification/transfer | 148,495 |  | 81,033 |  | 229,528 |  |

| At 31st December 2024 | 175,871 |  | 47,266 |  | 223,137 |  |

| NET BOOK VALUE

| At 31st December 2024 | 221,975 |  | 45,875 |  | 267,850 |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1st July 2024 | 9,500,000 |  |

| Additions | 142,656 |  |

| At 31st December 2024 | 9,642,656 |  |

| NET BOOK VALUE

| At 31st December 2024 | 9,642,656 |  |

| At 30th June 2024 | 9,500,000 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| Border Caravans Limited

| Registered office: Scotland

| Nature of business: Caravan sales and caravan parks

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2024 | 2024 |

£ | £ |

| Aggregate capital and reserves | 8,111,759 |  | 7,965,909 |  |

| Profit for the period | 595,850 |  | 423,791 |  |

12. | STOCKS

| Group |

2024 | 2024 |

£ | £ |

| Stocks | 6,672,248 |  | - |  |

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

| Group |

2024 | 2024 |

£ | £ |

| Trade debtors | 7,380 |  | - |  |

| Other debtors | 64,838 |  | - |  |

| Accrued income | 90,775 |  | - |  |

| Prepayments | 128,336 |  | 9,500,000 |  |

291,329 |  | 9,500,000 |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

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

| Group |  | Company |

2024 | 2024 | 2024 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 2,187,873 |  | 350,000 |  | 351,286 |  | 350,000 |  |

| Hire purchase contracts (see note 17) | 153,847 |  | - |  | - |  | - |  |

| Trade creditors | 1,596,072 |  | - |  | - |  | - |  |

| Amounts owed to group undertakings | - |  | 190,130 |  | 421,234 |  | 190,130 |  |

| Tax | 184,131 |  | - |  | - |  | - |  |

| Social security and other taxes | 69,664 |  | - |  | - |  | - |  |

| VAT | 235,512 |  | - |  | - |  | - |  |

| Other creditors | 668,044 |  | - |  | - |  | - |  |

| Directors' current accounts | 3,718 |  | - |  | 3,718 |  | - |  |

| Accruals and deferred income | 257,031 |  | - |  | 4,000 |  | - |  |

5,355,892 |  | 540,130 |  | 780,238 |  | 540,130 |  |

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

| Group |  | Company |

2024 | 2024 | 2024 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 16) | 6,487,678 |  | 2,563,502 |  | 2,346,049 |  | 2,563,502 |  |

| Hire purchase contracts (see note 17) | 352,065 |  | - |  | - |  | - |  |

6,839,743 |  | 2,563,502 |  | 2,346,049 |  | 2,563,502 |  |

16. | LOANS

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

| Group |  | Company |

2024 | 2024 | 2024 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank overdrafts | 1,489,221 |  | - |  | - |  | - |  |

| Bank loans | 698,652 |  | 350,000 |  | 351,286 |  | 350,000 |  |

2,187,873 |  | 350,000 |  | 351,286 |  | 350,000 |  |

| Amounts falling due between one and two years: |

| Bank loans - 1-2 years | 735,302 |  | 350,000 |  | 381,824 |  | 350,000 |  |

| Amounts falling due between two and five years: |

| Bank loans - 2-5 years | 2,385,554 |  | 1,050,000 |  | 1,356,424 |  | 1,050,000 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 3,366,822 |  | 1,163,502 |  | 607,801 |  | 1,163,502 |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2024 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 177,167 |  | - |  |

| Between one and five years | 410,995 |  | - |  |

588,162 |  | - |  |

| Finance charges repayable:

| Within one year | 23,320 |  | - |  |

| Between one and five years | 58,930 |  | - |  |

82,250 |  | - |  |

| Net obligations repayable:

| Within one year | 153,847 |  | - |  |

| Between one and five years | 352,065 |  | - |  |

505,912 |  | - |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2024 | 2024 |

£ | £ |

| Bank overdrafts | 1,489,221 |  | - |  |

| Bank loans | 7,186,330 |  | - |  |

| Hire purchase contracts | 505,912 |  | - |  |

9,181,463 |  | - |  |

| Bank loans and overdrafts are secured by way of unlimited guarantee and bond and floating charges over the assets of the six companies within the group, namely Border Caravans Holdings Limited, Border Caravans Limited, Portzim Limited, Riverside Caravan Park (Hawick) Limited, Mouswald Park Limited and Westlands Country Park Limited.

| Hire purchase liabilities are secured on the specif assets which have been financed.

19. | PROVISIONS FOR LIABILITIES

| Group |

2024 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 541,024 |  | - |  |

| Border Caravans Holdings Limited (Registered number: SC774238) |

Notes to the Consolidated Financial Statements - continued

for the Period 1st July 2024 to 31st December 2024

19. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Credit to Income Statement during period | (4,235 | ) |

| Pre-acquisition charge | 545,259 |  |

| Balance at 31st December 2024 | 541,024 |  |

| The provision for deferred taxation arises as a result of accelerated capital allowances. Provision has been made at 25% being the future rate of Corporation Tax likely to apply as the provision unwinds.

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 650,000 | Ordinary | £1 | 650,000 |  | 650,000 |  |

21. | RESERVES

| Group

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1st July 2024 | (103,632 | ) | 5,850,000 |  | 5,746,368 |  |

| Deficit for the period | (15,896 | ) | (15,896 | ) |

| Dividends | (180,000 | ) | (180,000 | ) |

| At 31st December 2024 | (299,528 | ) | 5,850,000 |  | 5,550,472 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1st July 2024 | (103,632 | ) | 5,850,000 |  | 5,746,368 |  |

| Profit for the period | 300,001 |  | 300,001 |  |

| Dividends | (180,000 | ) | (180,000 | ) |

| At 31st December 2024 | 16,369 |  | 5,850,000 |  | 5,866,369 |  |

22. | RELATED PARTY DISCLOSURES

| During the period, total dividends of £180,000 were paid to the directors .

| At 31 December 2024 the group owed the sum of £3,718 by way of a directors current account.

23. | ULTIMATE CONTROLLING PARTY

| The group is ultimately controlled by Mr & Mrs K Taylor.