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REGISTERED NUMBER: 04685619 (England and Wales)

| NAPIER CATERING LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

NAPIER CATERING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | P J Cooke

| C G Cooke

| SECRETARY: | C G Cooke

| REGISTERED OFFICE: | Unit 1

| The Turnery

| Chepstow Road

| Usk

| NP15 1HN

| REGISTERED NUMBER: | 04685619 (England and Wales)

| ACCOUNTANTS: | MHA (trading name of MHA Advisory Ltd)

| Elfed House

| Oak Tree Court

| Cardiff Gate Business Park

| CARDIFF

| County of Cardiff

| CF23 8RS

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 471,494 |  | 1,013,928 |  |

CURRENT ASSETS

Stocks | 6,750 |  | 28,058 |  |

Debtors | 5 | 10,446 |  | 66,871 |  |

Cash at bank and in hand | 83,224 |  | 47,312 |  |

100,420 |  | 142,241 |  |

CREDITORS

Amounts falling due within one year | 6 | (309,326 | ) | (496,012 | ) |

NET CURRENT LIABILITIES | (208,906 | ) | (353,771 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 262,588 |  | 660,157 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (85,869 | ) | (474,284 | ) |

PROVISIONS FOR LIABILITIES | (40,845 | ) | (39,241 | ) |

NET ASSETS | 135,874 |  | 146,632 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 135,774 |  | 146,532 |  |

SHAREHOLDERS' FUNDS | 135,874 |  | 146,632 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

BALANCE SHEET - continued

31 MARCH 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

C G Cooke - Director

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Napier Catering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

| The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

| There have been no material departures from Financial Reporting Standard 102 1A.

| Turnover

| Turnover represents amounts billed in respect of catering services supplied during the year, excluding value added tax.

| Tangible fixed assets

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

| Land and property | - | 2% & 10% on cost

| Improvements to property | - | 15% on cost

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

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 33.33% on cost

| Stocks

| Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

| Taxation

| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

| 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 51 (2024 - 48 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Land and |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 813,111 |  | 54,086 |  | 415,465 |  |

| Additions | - |  | - |  | 18,074 |  |

| Disposals | (497,744 | ) | (54,086 | ) | (84,062 | ) |

| At 31 March 2025 | 315,367 |  | - |  | 349,477 |  |

| DEPRECIATION

| At 1 April 2024 | 62,726 |  | 43,823 |  | 207,881 |  |

| Charge for year | 11,970 |  | 4,056 |  | 29,600 |  |

| Eliminated on disposal | (24,887 | ) | (47,879 | ) | (44,313 | ) |

| At 31 March 2025 | 49,809 |  | - |  | 193,168 |  |

| NET BOOK VALUE

| At 31 March 2025 | 265,558 |  | - |  | 156,309 |  |

| At 31 March 2024 | 750,385 |  | 10,263 |  | 207,584 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 103,807 |  | 4,311 |  | 1,390,780 |  |

| Additions | 13,750 |  | 1,497 |  | 33,321 |  |

| Disposals | - |  | - |  | (635,892 | ) |

| At 31 March 2025 | 117,557 |  | 5,808 |  | 788,209 |  |

| DEPRECIATION

| At 1 April 2024 | 62,104 |  | 318 |  | 376,852 |  |

| Charge for year | 9,627 |  | 1,689 |  | 56,942 |  |

| Eliminated on disposal | - |  | - |  | (117,079 | ) |

| At 31 March 2025 | 71,731 |  | 2,007 |  | 316,715 |  |

| NET BOOK VALUE

| At 31 March 2025 | 45,826 |  | 3,801 |  | 471,494 |  |

| At 31 March 2024 | 41,703 |  | 3,993 |  | 1,013,928 |  |

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 6,129 |  | 58,859 |  |

| Other debtors | 4,127 |  | 4,127 |  |

| Corporation tax | - |  | 3,695 |  |

| Prepayments and accrued income | 190 |  | 190 |  |

10,446 |  | 66,871 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 111,216 |  | 166,342 |  |

| Hire purchase contracts | 12,787 |  | 10,251 |  |

| Trade creditors | 56,396 |  | 104,799 |  |

| Social security and other taxes | 5,826 |  | 11,544 |  |

| VAT | 23,765 |  | 77,999 |  |

| Other creditors | 88,877 |  | 87,203 |  |

| Director's current accounts | 518 |  | 28,272 |  |

| Accruals and deferred income | 9,941 |  | 9,602 |  |

309,326 |  | 496,012 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 54,929 |  | 434,306 |  |

| Hire purchase contracts | 30,940 |  | 39,978 |  |

85,869 |  | 474,284 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 116,386 |  | 546,204 |  |

| Hire purchase contracts | 43,727 |  | 50,229 |  |

160,113 |  | 596,433 |  |

| The bank loans are secured by way of fixed and floating charges over the company's assets.

| The hire purchase contracts are secured on the assets to which they relate.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

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

NAPIER CATERING LIMITED (REGISTERED NUMBER: 04685619)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | OTHER FINANCIAL COMMITMENTS

| The company had operating lease commitments relating to motor vehicles at the balance sheet date totalling £6,757 (2024 : £14,129).