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REGISTERED NUMBER: 00376566 (England and Wales)

| BURTTS OF DOWSBY LIMITED |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 8

BURTTS OF DOWSBY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mr M R Burtt

| Mr S G Burtt

| Mrs A T Burtt

| REGISTERED OFFICE: | 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

| REGISTERED NUMBER: | 00376566 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 3 Castlegate

| Grantham

| Lincolnshire

| NG31 6SF

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

STATEMENT OF FINANCIAL POSITION

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,866,185 |  | 11,035,614 |  |

Investments | 5 | 413,055 |  | 413,055 |  |

11,279,240 |  | 11,448,669 |  |

CURRENT ASSETS

Valuation | 322,857 |  | 349,738 |  |

Debtors | 6 | 1,661,139 |  | 1,677,906 |  |

Investments | 7 | 122 |  | 122 |  |

Cash at bank and in hand | 50,112 |  | 212,747 |  |

2,034,230 |  | 2,240,513 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,100,709 |  | 1,265,476 |  |

NET CURRENT ASSETS | 933,521 |  | 975,037 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,212,761 |  | 12,423,706 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,044,335 | ) | (3,064,274 | ) |

PROVISIONS FOR LIABILITIES | (811,810 | ) | (859,022 | ) |

NET ASSETS | 8,356,616 |  | 8,500,410 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 41,933 |  | 41,933 |  |

Share premium | 309,333 |  | 309,333 |  |

Other reserve | 12 | 4,235,257 |  | 4,365,874 |  |

Retained earnings | 3,770,093 |  | 3,783,270 |  |

SHAREHOLDERS' FUNDS | 8,356,616 |  | 8,500,410 |  |

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

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

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

STATEMENT OF FINANCIAL POSITION - continued

31 MAY 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 30 December 2025 and were signed on its behalf by:

Mr S G Burtt - Director

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Burtts of Dowsby 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 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 as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about Burtts of Dowsby Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is measured at fair value and represents sales of produce and rental income, excluding value added tax.

| Sales of produce are recognised upon despatch and rents receivable from investment properties are recognised over the period of the lease.

| The Basic Payment Scheme is recognised in the financial statements in accordance with the current H. M. Revenue & Customs guidance.

| 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 buildings | - | Nil

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| Tangible fixed assets are held at cost less accumulated depreciation.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less impairment.

| Valuation

| The valuation of tenantright, produce and stores in hand has been carried out by Messrs. Escritt, Barrell & Golding Chartered Surveyors, at the lower of cost and fair value of cost to complete and sell.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

| 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.

| 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 shorter.

| The interest element of these obligations is charges to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 5 (2024 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |

| land and |  | Investment |  | Plant and

| buildings |  | property |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 7,974,587 |  | 2,763,000 |  | 150,364 |  |

| Additions | 7,868 |  | - |  | 3,457 |  |

| Disposals | - |  | (188,000 | ) | - |  |

| At 31 May 2025 | 7,982,455 |  | 2,575,000 |  | 153,821 |  |

| DEPRECIATION

| At 1 June 2024 | 6,887 |  | - |  | 125,164 |  |

| Charge for year | - |  | - |  | 5,483 |  |

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

| At 31 May 2025 | 6,887 |  | - |  | 130,647 |  |

| NET BOOK VALUE

| At 31 May 2025 | 7,975,568 |  | 2,575,000 |  | 23,174 |  |

| At 31 May 2024 | 7,967,700 |  | 2,763,000 |  | 25,200 |  |

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Storage |

| vehicles |  | units |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 164,881 |  | 328,789 |  | 11,381,621 |  |

| Additions | 56,000 |  | - |  | 67,325 |  |

| Disposals | (52,521 | ) | - |  | (240,521 | ) |

| At 31 May 2025 | 168,360 |  | 328,789 |  | 11,208,425 |  |

| DEPRECIATION

| At 1 June 2024 | 65,211 |  | 148,745 |  | 346,007 |  |

| Charge for year | 6,802 |  | 24,006 |  | 36,291 |  |

| Eliminated on disposal | (40,058 | ) | - |  | (40,058 | ) |

| At 31 May 2025 | 31,955 |  | 172,751 |  | 342,240 |  |

| NET BOOK VALUE

| At 31 May 2025 | 136,405 |  | 156,038 |  | 10,866,185 |  |

| At 31 May 2024 | 99,670 |  | 180,044 |  | 11,035,614 |  |

| Investment properties are included at open market value. The valuation has been prepared by the company's director based on their knowledge and experience of the property market.

| Cost or valuation at 31 May 2025 is represented by:

| Freehold |

| land and |  | Investment |  | Plant and

| buildings |  | property |  | machinery

£ | £ | £ |

| Valuation in 2025 | 4,174,490 |  | 1,118,498 |  | - |  |

| Cost | 3,807,965 |  | 1,456,502 |  | 153,821 |  |

7,982,455 |  | 2,575,000 |  | 153,821 |  |

| Motor |  | Storage |

| vehicles |  | units |  | Totals

£ | £ | £ |

| Valuation in 2025 | - |  | - |  | 5,292,988 |  |

| Cost | 168,360 |  | 328,789 |  | 5,915,437 |  |

168,360 |  | 328,789 |  | 11,208,425 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,578,420 |  | 1,578,420 |  |

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 413,055 |  |

| NET BOOK VALUE

| At 31 May 2025 | 413,055 |  |

| At 31 May 2024 | 413,055 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 160,027 |  | 168,950 |  |

| Amounts owed by group undertakings | 1,242,528 |  | 1,214,491 |  |

| Other debtors | 24,000 |  | 24,001 |  |

| VAT | 38,500 |  | 38,401 |  |

| Prepayments | 22,986 |  | 48,078 |  |

1,488,041 |  | 1,493,921 |  |

| Amounts falling due after more than one year:

| Other debtors | 173,098 |  | 183,985 |  |

| Aggregate amounts | 1,661,139 |  | 1,677,906 |  |

7. | CURRENT ASSET INVESTMENTS

|  | 2022 |  | 2021 |

|  | £ |  | £ |

| Unlisted investments | 122 |  | 122 |  |

| 122 |  | 122 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 449,568 |  | 478,297 |  |

| Hire purchase contracts | 55,855 |  | 10,096 |  |

| Trade creditors | 22,977 |  | 45,385 |  |

| Corporation tax | 20 |  | 1,100 |  |

| Social security and other taxes | 10,583 |  | 9,994 |  |

| Other creditors | 606 |  | 606 |  |

| Directors' current accounts | 476,468 |  | 630,168 |  |

| Accrued expenses | 84,632 |  | 89,830 |  |

1,100,709 |  | 1,265,476 |  |

BURTTS OF DOWSBY LIMITED (REGISTERED NUMBER: 00376566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

2025 | 2024 |

£ | £ |

| Bank loans >5years | 3,009,747 |  | 3,009,747 |  |

| Hire purchase contracts | 34,588 |  | 54,527 |  |

3,044,335 |  | 3,064,274 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans >5years | 3,009,747 |  | 3,009,747 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 449,568 |  | 478,297 |  |

| Bank loans | 3,009,747 |  | 3,009,747 |  |

| Hire purchase contracts | 90,443 |  | 64,623 |  |

3,549,758 |  | 3,552,667 |  |

| The bank borrowings are secured by a legal charge over the company's freehold land.

| The HP liability is secured on the asset to which it relates.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 40,266 | Ordinary | £1 | 41,933 |  | 41,933 |  |

12. | RESERVES

| Other

| reserve

£ |

| At 1 June 2024 | 4,365,874 |  |

| Movement on deferred tax | (47,212 | ) |

| Transfer to profit and loss | (83,405 | ) |

| At 31 May 2025 | 4,235,257 |  |

| The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.

13. | RELATED PARTY DISCLOSURES

| During the year £5,055 was loaned to Tribex Holdings Limited, a company in which a shareholder of Burtts of Dowsby Limited is the only shareholder.