REGISTERED NUMBER: 11059072 (England and Wales)

CDH Matur Holdings Limited

Group Strategic Report,

Report of the Director and

Consolidated Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Director

7

Report of the Independent Auditors

9

Consolidated Income Statement

13

Consolidated Other Comprehensive Income

14

Consolidated Statement of Financial Position

15

Company Statement of Financial Position

17

Consolidated Statement of Changes in Equity

18

Company Statement of Changes in Equity

19

Consolidated Statement of Cash Flows

20

Notes to the Consolidated Statement of Cash Flows

21

Notes to the Consolidated Financial Statements

23

DIRECTOR:

Mr A Matur

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

11059072 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

The director presents his strategic report of the company and the group for the year ended 31 March 2025.

CDH Matur Holdings Limited is the parent company of 9 subsidiaries whose main business activities include wholesale of fruits, vegetables and other groceries, restaurants and property management. The group's performance has been in accordance with the expectations of the directors. All companies in the group have shown a high degree of resilience in a competitive environment to achieve targeted results.

REVIEW OF BUSINESS

Turnover of the group decreased compared to that of last year however group profit was higher than that of last year due to improved efficiency in the operations of the group.The increase in profit is due to the continuous growth of the business over the last few years and improvement in the efficiency of operations. The directors expect there to be a positive correlation between profit and turnover in the future as effectiveness improve. The companies in the group sell mainly groceries, fruits and vegetables and the general economic cycle of the country has not impacted much on the industry in which they operate. The main threat to the companies in the group are their competitors. The group's main strategy is to provide a complete service to customers thereby increasing their customer base and the resulting boosting impact on the turnover of the company. Each company aims at specific markets (and customers) to ensure that a clear strategy to win and maintain those customers is implemented and sustained.The investment company in the group is progressing with its investment in an overseas company which is yet to start yielding the expected results. This is expected to significantly improve the performance of the group once these investments are fully operational.

The director recognises the importance of the staff employed and would like to thank them for all their hard work and efforts throughout the year.

The results for the year and the financial position of the group are shown in the annexed financial statement.

PRINCIPAL RISKS AND UNCERTAINTIES

The companies in the group's ability to get an insurance cover is key to their ability to acquire inputs on consignment. Most of the purchases of the group are on consignment and the consignors require an insurance cover to be in place to continue supplying on consignment. The level of cover depends on the financial health of the individual company. This is managed by keeping a close watch on monthly results and dealing with poor performing lines on a timely basis. Competitors are also a risk to the companies, however, this is managed by ensuring that prices are competitive, products are of good quality and also that the company provides a complete service in a bid to maintain existing customers.

Furthermore, the companies depend on the reliability of their suppliers to meet their orders at short notice to prevent stock outs leading to the loss of customers. To manage this risk, for each product, the company maintains more than one supplier to fulfil the required orders to ensure that the failure of one supplier will not affect their ability to meet anticipated demand and customer satisfaction for that matter. Also new product lines are constantly being introduced to ensure that the needs of customers are met and non performing lines are removed.

SECTION 172(1) STATEMENT

General confirmation of Directors’ duties

The director has a clear framework for determining the matters within their remit and have approved Terms of Reference for the matters delegated to his assistants. Certain financial and strategic thresholds have been determined to identify matters requiring director's consideration and approval.

When making decisions, the director ensures that he acts in the way he considers, in good faith, what would most likely promote the company’s success for the benefit of its members as a whole, and in doing so have considered (among other matters):

S172(1) (A) “The likely consequences of any decision in the long term”

The director understands the business and the evolving environment in which they operate, including the challenges of navigating through variuos legislative changes. Based on the company's purpose to supply quality fruits, vegetables and other groceries by sourcing the best products, the strategy set by the director is intended to strengthen the group's position to enable it play a leading role in the supply of fruits and vegetables in the UK whilst maintaining quality and promoting social responsibility.

The rising standard of living of a growing UK population is likely to continue to drive demand for fresh fruits and vegetables for years to come. At the same time, changes in customers' shopping approach (online shopping and the need to deliver products to customers) means increased competition as a direct result of increasing customer choice. The long-term success of the business is dependent on its ability to adapt with those changes and distinguishing itself against the growing competition by way of maintaining quality and customer satisfaction. The director also realise the importance of their business activities as a contributor to the health of society as they sell fresh produce.

S172(1) (B) “The interests of the company’s employees”

The director recognises that the company's employees are fundamental and core to the business and necessary for the delivery of the director's strategic ambitions. The success of the business depends on attracting, retaining and motivating employees. From ensuring that the business remains a responsible employer in all aspects, from pay and benefits to health and safety in the workplace environment, the director factors the implications of decisions on employees and the wider workforce, where relevant and feasible. More information on this can be found within the company's policy for employees.

S172(1) (C) “The need to foster the company’s business relationships with suppliers, customers and others”

Delivering the director's strategy requires strong mutually beneficial relationships with suppliers, customers, local authorities and governments. The company seeks the promotion and application of certain general principles in such relationships. The ability to promote these principles effectively is an important factor in the decision to enter into or remain in such relationships and this, alongside other standards, are described in the various policy statements of the company in the Strategic Report. The group's Business Principles are reviewed by the director periodically. The director also reviews and approves the group's approach to suppliers which is set out in the group's Supplier Policy. The business continuously assesses the priorities related to customers and those with whom they do business; the companies in the group engages with these customers based on the outcome of those assessments.

S172(1) (D) “The impact of the company’s operations on the community and the environment”

This aspect is inherent in the director's strategic ambitions, most notably on their ambitions to thrive in the food wholesale and retail sector. As such, the director constantly monitors their effect on the community and environment; an important goal for the director is to be a benefit to both the local community and the environment.

S172(1) (E) “The desirability of the company maintaining a reputation for high standards of business conduct”

The group aims to meet the world’s growing need for more healthy food in ways which are economically, environmentally and socially responsible. The director periodically reviews and approves clear frameworks to ensure that high standards are maintained both within and outside the businesses and the business relationships they maintain. This, complemented by the ways the director is informed and monitors compliance with relevant governance standards, helps ensure decisions made mean that companies in the group act in ways that perpetually promote high standards of business conduct.

S172(1) (F) “The need to act fairly as between members of the company”

After weighing up all relevant factors, the director considers which course of action best enables delivery of their strategies through the long-term by taking into consideration the impact on stakeholders. In doing so, the director attempts to balance the company's interests and other stakeholders' interests and this can sometimes mean that certain stakeholder interests may not be fully aligned. However, the director attempts to be as fair as possible to all in this regard.

Culture

The director recognises that he has an important role when assessing and ensuring that the desired culture is embedded in all the values, attitudes and behaviours he demonstrates, including in all the business activities and stakeholder relationships. The director has established honesty, integrity and respect for people as the group's core values. The General Business Principles, Code of Conduct, and Code of Ethics help everyone act in line with these values and comply with relevant laws and regulations. The group's Commitment and Policy on Health, Safety, Security, Environment & Social Performance applies across all the companies and is designed to help protect people and the environment. The director strives to maintain a diverse and inclusive culture.

Stakeholder engagement (including employee engagement)

The director also recognises the important role the companies in the group have to play in society and are deeply committed to public collaboration and stakeholder engagement; this commitment is at the heart of the group's strategic ambitions. The director believes that they will only succeed by working with customers, governments and business partners. Working together is critical, particularly at a time when society, including businesses, governments and consumers, face complex and challenging issues.

The companies continue to build on their long track record of working with others, such as customers and suppliers; the director believes that working together, sharing knowledge and experience with others offer greater insights into their own business.

ENGAGEMENT WITH EMPLOYEES

The company is committed to achieving a working environment which provides equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or maternity, trade union membership or the fact that they are part-time workers. The company's Equality and Diversity policy aims to remove unfair and discriminatory practices within the company and to encourage full contribution from its diverse community. The company is committed to actively opposing all forms of discrimination. The company also aims to provide a service that does not discriminate against its clients in the means by which they can access the services supplied by the company. The company believes that the directors, employees and customers are entitled to be treated with respect and dignity.The company's employment policy is to provide equal opportunity to all current and prospective employees without any discrimination. They endeavour to provide a work environment in which all individuals are treated with respect and dignity.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

Our relationship with our customers is key to the ongoing success of the business. The needs and expectation of customers are an integral part of our business strategy. We plan to ensure that the group delivers products of a very high standard and complies with all food safety regulations. We encourage long term relationship with our suppliers through collaboration and development of high quality products and supply chains.

KEY PERFORMANCE INDICATORS

The main performance indicators of the group are the turnover and the profit margins. Generally, products are sold at an agreed margin thereby leading to a positive correlation between the turnover and profit. However, due to the perishable nature of the fruits and vegetables, they may, at times, be sold at a reduced price. All other costs apart from cost of sales are fairly fixed. The director monitors all costs on a monthly basis to ensure that poor performers are picked up on time and dealt with accordingly. Also, it is ensured that overheads are kept within their limits as their effect on profit is critical.

The key performance indicators are as follows:

2025

2024

£

£

Turnover

208,111,062

218,884,184

Gross profit

27,109,083

27,419,424

Net profit before tax & exceptional items

6,891,857

6,320,874

The director believes that other variables of performance indicators are marginal and not the best indicators of the overall performance, development and position of the company.

GROUPS POLICY ON PAYMENT OF CREDITORS

The policy of the company is to agree terms of payment prior to commencing trade with a supplier and to abide by those terms on a timely submission of invoices.

SOCIAL, ENVIRONMENT AND ETHICAL MATTERS

The director believes that by operating in an ethical and social aware manner they will help preserve the environment; that being an integral part of efficient and profitable business management. The director recognises that success in these areas depends on the involvement and commitment of everyone in the organisation.

FUTURE DEVELOPMENT

The director expects the growth in sales to continue in the future as the company explores new products and customers.

There are no material uncertainties that may cast any doubt about the company's ability to continue trading in the foreseeable future.

ON BEHALF OF THE BOARD:

Mr A Matur - Director

29 December 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of wholesale of fruit,vegetables and other groceries and property management.

DIVIDENDS

An interim dividend of £6810 per share was paid on 8 April 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 681,000 .

DIRECTOR

Mr A Matur held office during the whole of the period from 1 April 2024 to the date of this report.

CHARITY DONATIONS AND EXPENDITURE

Donations made during the financial year were non-political.

STREAMLINED ENERGY AND CARBON REPORTING

Where the company is a parent company that prepares consolidated accounts, information must be presented on a consolidated basis; except that it need only to include information from subsidiaries that are both large and consume more than 40,000 KWH of energy annually.We report in line with the SECR regulations which are provided below:

2025

2024

Total Scope 1 emissions: Consumption of gas and transport fuel (tCO2e)

629,274

664,857

Total Scope 2 emissions: Consumption of electricity (tCO2e)

764,654

664,976

Total energy use (kWh equivalent of gas, transport fuel and electricity)

6,184,195

5,847,069

Carbon intensity ratio (tCO2e/£'000 revenue)

6.37

6.08

The footprint has been calculated in accordance with the government guidance on streamline reporting using factors found on the government website.

Measures taken to improve energy efficiency

In a bid to reduce the company's carbon footprint, the company actively monitors its energy consumption. It proactively ensures that all newly acquired assets are energy efficient and has replaced lights and equipments with LED and more efficient models. Management have also made employees aware of their strategy to maximise energy efficiency in the company to ensure they are all working towards the same unified goal.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr A Matur - Director

29 December 2025

Opinion

We have audited the financial statements of CDH Matur Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 31 March 2025 and of the group's profit for the year 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page eight, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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 obtained an understanding of the legal and regulatory framework that are applicable to the company and determined that the most significant are the food standards regulation, money laundering and anti bribery regulations. We understand how the company is complying with those regulations by making enquiries of management and key personel; we also reviewed correspondence files. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements using our general commercial and sector experience, through discussion with the directors and other management (as required by auditing standards) and from inspection of the company's regulatory and legal correspondence. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated those identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

30 December 2025

REVENUE

208,111,062

218,884,184

Cost of sales

181,001,979

191,464,760

GROSS PROFIT

27,109,083

27,419,424

Administrative expenses

20,404,959

21,548,684

6,704,124

5,870,740

Other operating income

989,564

1,235,223

Gain/loss on revaluation of investments

38,704

113,424

GROUP OPERATING PROFIT

4

7,732,392

7,219,387

Share of operating loss in

Associates

-

(51,723

)

Interest receivable and similar income

28,899

56,348

7,761,291

7,224,012

Interest payable and similar expenses

5

830,730

789,714

PROFIT BEFORE TAXATION

6,930,561

6,434,298

Tax on profit

6

2,640,573

2,546,439

PROFIT FOR THE FINANCIAL YEAR

4,289,988

3,887,859

Profit attributable to:

Owners of the parent

3,665,351

3,337,746

Non-controlling interests

624,637

550,113

4,289,988

3,887,859

PROFIT FOR THE YEAR

4,289,988

3,887,859

OTHER COMPREHENSIVE OTHER

COMPREHENSIVE INCOME

Listed investments valuation gain

(38,704

)

(113,424

)

Transfer to fair value reserve

29,028

85,066

Deferred tax provision

9,676

28,358

Income tax relating to components of other comprehensive other comprehensive income

-

-

OTHER COMPREHENSIVE FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,289,988

3,887,859

Total comprehensive income attributable to:

Owners of the parent

3,809,101

3,471,434

Non-controlling interests

480,887

416,425

4,289,988

3,887,859

FIXED ASSETS

Intangible assets

9

2,779,672

2,719,950

Property, plant and equipment

10

11,609,409

12,072,229

Investments

11

Interest in associate

3

3

Other investments

1,255,314

1,216,610

Investment property

12

18,039,035

17,754,035

33,683,433

33,762,827

CURRENT ASSETS

Inventories

13

9,775,699

12,151,249

Debtors

14

16,077,278

16,064,192

Cash at bank and in hand

15,525,232

12,201,190

41,378,209

40,416,631

CREDITORS

Amounts falling due within one year

15

26,499,964

26,995,847

NET CURRENT ASSETS

14,878,245

13,420,784

TOTAL ASSETS LESS CURRENT LIABILITIES

48,561,678

47,183,611

CREDITORS

Amounts falling due after more than one year

16

(7,621,924

)

(10,403,148

)

PROVISIONS FOR LIABILITIES

20

(2,237,097

)

(1,543,044

)

NET ASSETS

38,702,657

35,237,419

CAPITAL AND RESERVES

Called up share capital

21

100

100

Fair value reserve

22

1,231,441

1,202,413

Retained earnings

22

32,049,025

29,093,702

SHAREHOLDERS' FUNDS

33,280,566

30,296,215

NON-CONTROLLING INTERESTS

23

5,422,091

4,941,204

TOTAL EQUITY

38,702,657

35,237,419

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mr A Matur - Director

FIXED ASSETS

Intangible assets

9

-

-

Property, plant and equipment

10

-

-

Investments

11

275,170

275,170

Investment property

12

-

-

275,170

275,170

CURRENT ASSETS

Debtors

14

19,215

28,051

Cash in hand

101

101

19,316

28,152

CREDITORS

Amounts falling due within one year

15

23,073

22,525

NET CURRENT (LIABILITIES)/ASSETS

(3,757

)

5,627

TOTAL ASSETS LESS CURRENT LIABILITIES

271,413

280,797

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

271,313

280,697

SHAREHOLDERS' FUNDS

271,413

280,797

Company's profit for the financial year

671,616

444,637

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mr A Matur - Director

Called up

Fair

share

Retained

value

capital

earnings

reserve

£

£

£

Balance at 1 April 2023

100

26,210,956

1,202,413

Changes in equity

Dividends

-

(455,000

)

-

Total comprehensive income

-

3,337,746

-

Balance at 31 March 2024

100

29,093,702

1,202,413

Changes in equity

Dividends

-

(681,000

)

-

Total comprehensive income

-

3,636,323

29,028

Balance at 31 March 2025

100

32,049,025

1,231,441

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 April 2023

27,413,469

4,524,779

31,938,248

Changes in equity

Dividends

(455,000

)

-

(455,000

)

Total comprehensive income

3,337,746

416,425

3,754,171

Balance at 31 March 2024

30,296,215

4,941,204

35,237,419

Changes in equity

Dividends

(681,000

)

-

(681,000

)

Total comprehensive income

3,665,351

480,887

4,146,238

Balance at 31 March 2025

33,280,566

5,422,091

38,702,657

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

291,060

291,160

Changes in equity

Dividends

-

(455,000

)

(455,000

)

Total comprehensive income

-

444,637

444,637

Balance at 31 March 2024

100

280,697

280,797

Changes in equity

Dividends

-

(681,000

)

(681,000

)

Total comprehensive income

-

671,616

671,616

Balance at 31 March 2025

100

271,313

271,413

Cash flows from operating activities

Cash generated from operations

1

10,166,890

9,532,570

Interest paid

(784,233

)

(773,474

)

Interest element of hire purchase payments paid

(46,497

)

(16,240

)

Tax paid

(2,172,456

)

(1,193,340

)

Net cash from operating activities

7,163,704

7,549,516

Cash flows from investing activities

Purchase of intangible fixed assets

(307,524

)

(119,372

)

Purchase of tangible fixed assets

(838,080

)

(2,591,821

)

Purchase of investment property

(285,000

)

-

Sale of tangible fixed assets

13,803

656,988

Additional shares in subsidiary acq

-

(160,000

)

Impairment in associates W/O

-

51,721

Interest received

28,899

56,348

Net cash from investing activities

(1,387,902

)

(2,106,136

)

Cash flows from financing activities

Loan repayments in year

(3,236,667

)

(1,385,000

)

Capital repayments in year

389,504

141,351

Amount withdrawn by directors

1,026,734

(1,755,569

)

Inter company balance with associate

148,392

(392,455

)

Minority interest dividend paid

(143,750

)

(68,750

)

Equity dividends paid

(681,000

)

(455,000

)

Net cash from financing activities

(2,496,787

)

(3,915,423

)

Increase in cash and cash equivalents

3,279,015

1,527,957

Cash and cash equivalents at beginning of year

2

12,127,260

10,599,303

Cash and cash equivalents at end of year

2

15,406,275

12,127,260