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REGISTERED NUMBER: 09403670 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2025 |

| for |

| Town Head Estate Limited |

Town Head Estate Limited (Registered number: 09403670)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Town Head Estate Limited (Registered number: 09403670)

Balance Sheet

31 January 2025

| 31.1.25 |  | 31.1.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,090,192 |  | 2,769,120 |  |

Investments | 5 | 102 |  | 102 |  |

3,090,294 |  | 2,769,222 |  |

CURRENT ASSETS

Debtors | 6 | 2,952,213 |  | 2,355,174 |  |

Cash at bank and in hand | 968,106 |  | 1,774,360 |  |

3,920,319 |  | 4,129,534 |  |

CREDITORS

Amounts falling due within one year | 7 | (571,082 | ) | (701,480 | ) |

NET CURRENT ASSETS | 3,349,237 |  | 3,428,054 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,439,531 |  | 6,197,276 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (448,552 | ) | (499,455 | ) |

NET ASSETS | 5,990,979 |  | 5,697,821 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 5,990,879 |  | 5,697,721 |  |

5,990,979 |  | 5,697,821 |  |

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

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

Town Head Estate Limited (Registered number: 09403670)

Balance Sheet - continued

31 January 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2026 and were signed on its behalf by:

Mr D N Cox - Director

Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Town Head Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 09403670

| Registered office: | Town Head Estate

| Newby Bridge

| Ulverston

| Cumbria

| LA12 8NP

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable.

| When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

| Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| Tangible fixed assets

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

| Improvements to property | - | 10% on reducing balance

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| Taxation

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

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

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

| Hire purchase and leasing commitments

| 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 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.

Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 13 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Land and |  | to |  | Plant and

| buildings |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 February 2024 | 1,075 |  | 600,608 |  | 1,719,963 |  |

| Additions | - |  | 299,300 |  | 72,384 |  |

| Disposals | - |  | - |  | (96,502 | ) |

| At 31 January 2025 | 1,075 |  | 899,908 |  | 1,695,845 |  |

| DEPRECIATION

| At 1 February 2024 | - |  | 122,376 |  | 432,041 |  |

| Charge for year | - |  | 67,594 |  | 164,900 |  |

| Eliminated on disposal | - |  | - |  | (33,454 | ) |

| At 31 January 2025 | - |  | 189,970 |  | 563,487 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,075 |  | 709,938 |  | 1,132,358 |  |

| At 31 January 2024 | 1,075 |  | 478,232 |  | 1,287,922 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024 | 1,492,299 |  | 102,808 |  | 3,916,753 |  |

| Additions | 515,698 |  | - |  | 887,382 |  |

| Disposals | - |  | (19,995 | ) | (116,497 | ) |

| At 31 January 2025 | 2,007,997 |  | 82,813 |  | 4,687,638 |  |

| DEPRECIATION

| At 1 February 2024 | 556,486 |  | 36,730 |  | 1,147,633 |  |

| Charge for year | 243,705 |  | 13,004 |  | 489,203 |  |

| Eliminated on disposal | - |  | (5,936 | ) | (39,390 | ) |

| At 31 January 2025 | 800,191 |  | 43,798 |  | 1,597,446 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,207,806 |  | 39,015 |  | 3,090,192 |  |

| At 31 January 2024 | 935,813 |  | 66,078 |  | 2,769,120 |  |

Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

5. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024

| and 31 January 2025 | 1 |  | 101 |  | 102 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1 |  | 101 |  | 102 |  |

| At 31 January 2024 | 1 |  | 101 |  | 102 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 1,138,768 |  | 1,155,174 |  |

| Amounts owed by group undertakings | 830,000 |  | 750,000 |  |

| Other debtors | 983,445 |  | 450,000 |  |

2,952,213 |  | 2,355,174 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans and overdrafts | 10,446 |  | 10,191 |  |

| Hire purchase contracts | 40,487 |  | 40,487 |  |

| Amounts owed to group undertakings | - |  | 581,913 |  |

| Taxation and social security | 21,601 |  | 38,344 |  |

| Other creditors | 498,548 |  | 30,545 |  |

571,082 |  | 701,480 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans | 3,510 |  | 13,925 |  |

| Hire purchase contracts | 445,042 |  | 485,530 |  |

448,552 |  | 499,455 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Hire purchase | 283,093 |  | 323,581 |  |

Town Head Estate Limited (Registered number: 09403670)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

| 31.1.25 |  | 31.1.24

£ | £ |

| Mr D N Cox and Mrs C Cox

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 289,775 |  | - |  |

| Amounts repaid | (289,775 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| Loans in excess of £10,000 incur interest at 2.25% per annum.