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REGISTERED NUMBER: 02215481 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| TATE BUSINESS GROUP LTD |

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| TATE BUSINESS GROUP LTD |

COMPANY INFORMATION

for the Year Ended 31 JULY 2025

| DIRECTORS: | Mr R H Beal

| Mr M Murphy

| Mrs C A Tearle

| SECRETARY: | Mr M Murphy

| REGISTERED OFFICE: | Unit 21

| Ascent Logistics Park North

| Fraserfields Way

| Leighton Buzzard

| Bedfordshire

| LU7 3RJ

| REGISTERED NUMBER: | 02215481 (England and Wales)

| ACCOUNTANTS: | Foxley Kingham

| Chartered Accountants

| 260 - 270 Butterfield

| Great Marlings

| Luton

| Bedfordshire

| LU2 8DL

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 17,998 |  | - |  |

Tangible assets | 5 | 696,400 |  | 816,276 |  |

714,398 |  | 816,276 |  |

CURRENT ASSETS

Stocks | 367,745 |  | 344,301 |  |

Debtors | 6 | 1,981,818 |  | 2,199,771 |  |

Cash at bank and in hand | 1,422,895 |  | 830,249 |  |

3,772,458 |  | 3,374,321 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,103,105 |  | 1,982,387 |  |

NET CURRENT ASSETS | 1,669,353 |  | 1,391,934 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,383,751 |  | 2,208,210 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (49,131 | ) | (65,153 | ) |

PROVISIONS FOR LIABILITIES | (50,000 | ) | (50,000 | ) |

NET ASSETS | 2,284,620 |  | 2,093,057 |  |

CAPITAL AND RESERVES

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

Retained earnings | 2,274,620 |  | 2,083,057 |  |

SHAREHOLDERS' FUNDS | 2,284,620 |  | 2,093,057 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

BALANCE SHEET - continued

31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr R H Beal - Director

Mr M Murphy - Director

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 JULY 2025

1. | STATUTORY INFORMATION

| Tate Business Group Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 directors have assessed the financial health of the company and are confident that, at the date of signing, the company will continue as a going concern for the foreseeable future.

| Monetary amounts in these financial statements are rounded to the nearest £.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

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

| 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.

| Computer software is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost, 20% on cost, 10% on cost and Straight line over 10 years

| Tangible fixed assets are recognised at cost less depreciation.

| Stocks

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

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

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

| Lease purchase and leasing commitments

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| 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.

| Financial instruments

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand and monies held in the bank accounts.

| Debtors

| Trade and other debtors are initially recognised at the transaction price and subsequently measured using the amortised cost method which uses the effective interest method. At each balance sheet date, the directors assess trade and other debtors for evidence of indicators of impairment and where the directors conclude that amounts in respect of trade and other debtors are not recoverable, a specific bad debt provision is recognised.

| Creditors

| Trade and other creditors are initially recognised in the financial statements at transaction price. Trade and other creditors are then subsequently measured at amortised cost using the effective interest method, unless the effects of discounting would be considered immaterial. If the effects of discounting are judged to be immaterial, trade and other creditors are stated at cost. Trade creditors are not interest-bearing.

| Share based payment transactions

| The company operates an Enterprise Management Incentive (EMI) share option scheme. In accordance with FRS 102 Section 26, equity-settled share-based payments are measured at fair value at the grant date and recognised as an expense over the vesting period.

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 JULY 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 37 (2024 - 37 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| Additions | 18,511 |  |

| At 31 July 2025 | 18,511 |  |

| AMORTISATION

| Charge for year | 513 |  |

| At 31 July 2025 | 513 |  |

| NET BOOK VALUE

| At 31 July 2025 | 17,998 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 537,473 |  | 107,974 |  | 392,145 |  | 1,037,592 |  |

| Additions | 3,120 |  | - |  | - |  | 3,120 |  |

| Disposals | - |  | - |  | (34,025 | ) | (34,025 | ) |

| At 31 July 2025 | 540,593 |  | 107,974 |  | 358,120 |  | 1,006,687 |  |

| DEPRECIATION

| At 1 August 2024 | 93,407 |  | 38,778 |  | 89,131 |  | 221,316 |  |

| Charge for year | 56,139 |  | 23,057 |  | 43,800 |  | 122,996 |  |

| Eliminated on disposal | - |  | - |  | (34,025 | ) | (34,025 | ) |

| At 31 July 2025 | 149,546 |  | 61,835 |  | 98,906 |  | 310,287 |  |

| NET BOOK VALUE

| At 31 July 2025 | 391,047 |  | 46,139 |  | 259,214 |  | 696,400 |  |

| At 31 July 2024 | 444,066 |  | 69,196 |  | 303,014 |  | 816,276 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,895,761 |  | 2,109,253 |  |

| Other debtors | 86,057 |  | 90,518 |  |

1,981,818 |  | 2,199,771 |  |

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 JULY 2025

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 16,009 |  | 14,269 |  |

| Trade creditors | 1,543,319 |  | 1,441,430 |  |

| Corporation tax | 113,445 |  | - |  |

| Taxation and social security | 79,774 |  | 150,838 |  |

| Accrued expenses | 350,558 |  | 375,850 |  |

2,103,105 |  | 1,982,387 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 49,131 |  | 65,153 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 16,009 |  | 14,269 |  |

| Between one and five years | 49,131 |  | 65,153 |  |

65,140 |  | 79,422 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 176,264 |  | 176,264 |  |

| Between one and five years | 176,264 |  | 352,527 |  |

352,528 |  | 528,791 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase | 65,141 |  | 79,422 |  |

| Hire purchase liabilities are secured against the underlying assets financed.

| Barclays Bank PLC hold a fixed and floating charge over the debtors of the company in connection with the factoring agreement.

| TATE BUSINESS GROUP LTD (REGISTERED NUMBER: 02215481) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 JULY 2025

11. | ULTIMATE CONTROLLING PARTY

| No individual shareholder has ultimate control of the company.

12. | SHARE-BASED PAYMENT TRANSACTIONS

| On 10 September 2024, the company established an Enterprise Management Incentive (EMI) share option Scheme for qualifying employees. The scheme is designed to align the interests of employees with those of shareholders by granting options over the company's ordinary shares.

| A maximum of 3,794 options were granted during the year at an exercise price of £12 per share. These options will lapse if they are not exercised by 31 January 2028.

| The directors have deemed the fair value of these options as at the end of 31 July 2025 to be immaterial and as such have not made a provision for their value due to the underlying complexities of the valuation techniques and the cost of calculating not outweighing the benefit, in line with Section 2.13 of FRS102.

| At the reporting date, no options have been exercised and the total number of outstanding options under the scheme remained at a maximum of 3,794.