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REGISTERED NUMBER: 01816750 (England and Wales)

| OLDERSHAWS OF MOULTON LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

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 |  | 7

OLDERSHAWS OF MOULTON LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | D J Grimwood

| R H Oldershaw Snr

| R H Oldershaw Jnr

| Mrs S L Woodrow

| J E Lumley

| SECRETARY: | Mrs S L Woodrow

| REGISTERED OFFICE: | The Gables

| Broad Lane

| Moulton

| Spalding

| Lincolnshire

| PE12 6PP

| REGISTERED NUMBER: | 01816750 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| Enterprise Way

| Pinchbeck

| Spalding

| Lincolnshire

| PE11 3YR

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

STATEMENT OF FINANCIAL POSITION

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 8,849,709 |  | 7,663,939 |  |

Investments | 6 | 1 |  | 1 |  |

8,849,710 |  | 7,663,940 |  |

CURRENT ASSETS

Valuation | 1,426,809 |  | 1,309,409 |  |

Debtors | 7 | 1,819,917 |  | 1,381,255 |  |

Cash at bank | 309,301 |  | - |  |

3,556,027 |  | 2,690,664 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,629,616 |  | 1,470,413 |  |

NET CURRENT ASSETS | 1,926,411 |  | 1,220,251 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,776,121 |  | 8,884,191 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (2,196,345 | ) | (1,873,698 | ) |

PROVISIONS FOR LIABILITIES | (802,355 | ) | (610,558 | ) |

NET ASSETS | 7,777,421 |  | 6,399,935 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 27,500 |  | 27,500 |  |

Share premium | 398,547 |  | 398,547 |  |

Retained earnings | 7,351,374 |  | 5,973,888 |  |

SHAREHOLDERS' FUNDS | 7,777,421 |  | 6,399,935 |  |

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.

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

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 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 14 October 2025 and were signed on its behalf by:

D J Grimwood - Director

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Oldershaws of Moulton 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.

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 represents net invoiced sales of produce, excluding value added tax, and includes the Basic Farm Payment and environmental subsidies.

| Sales of produce are recognised on despatch.

| The Basic Farm Payment is recognised in the financial statements in accordance with current HM Revenue & Customs guidance.

| Intangible assets

| Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

| 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 | - | 4% on reducing balance, 4% on cost and Land - Not depreciated

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

| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

| 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 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.

| 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.

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2024 - 15 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 June 2024 | 107,728 |  |

| Disposals | (107,728 | ) |

| At 31 May 2025 | - |  |

| AMORTISATION

| At 1 June 2024 | 107,728 |  |

| Eliminated on disposal | (107,728 | ) |

| At 31 May 2025 | - |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 6,038,052 |  | 4,680,888 |  | 10,718,940 |  |

| Additions | 303,056 |  | 1,845,677 |  | 2,148,733 |  |

| Disposals | - |  | (648,042 | ) | (648,042 | ) |

| At 31 May 2025 | 6,341,108 |  | 5,878,523 |  | 12,219,631 |  |

| DEPRECIATION

| At 1 June 2024 | 772,063 |  | 2,282,938 |  | 3,055,001 |  |

| Charge for year | 61,147 |  | 633,993 |  | 695,140 |  |

| Eliminated on disposal | - |  | (380,219 | ) | (380,219 | ) |

| At 31 May 2025 | 833,210 |  | 2,536,712 |  | 3,369,922 |  |

| NET BOOK VALUE

| At 31 May 2025 | 5,507,898 |  | 3,341,811 |  | 8,849,709 |  |

| At 31 May 2024 | 5,265,989 |  | 2,397,950 |  | 7,663,939 |  |

| Included in cost of land and buildings is freehold land of £ 4,095,296 (2024 - £ 4,095,296 ) which is not depreciated.

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 1 |  |

| NET BOOK VALUE

| At 31 May 2025 | 1 |  |

| At 31 May 2024 | 1 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 561,005 |  | 384,685 |  |

| Other debtors | 1,258,912 |  | 996,570 |  |

1,819,917 |  | 1,381,255 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 100,000 |  | 119,446 |  |

| Hire purchase contracts | 432,349 |  | 253,515 |  |

| Trade creditors | 423,607 |  | 531,810 |  |

| Taxation and social security | 293,954 |  | 133,718 |  |

| Other creditors | 379,706 |  | 431,924 |  |

1,629,616 |  | 1,470,413 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 1,400,000 |  | 1,500,000 |  |

| Hire purchase contracts | 676,882 |  | 249,022 |  |

| Other creditors | 119,463 |  | 124,676 |  |

2,196,345 |  | 1,873,698 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 1,000,000 |  | 1,100,000 |  |

OLDERSHAWS OF MOULTON LIMITED (REGISTERED NUMBER: 01816750)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | - |  | 19,446 |  |

| Bank loans | 1,500,000 |  | 1,600,000 |  |

| Hire purchase contracts | 1,109,231 |  | 502,537 |  |

2,609,231 |  | 2,121,983 |  |

| The bank facility is secured by various charges over approximately 258 acres of land together with debentures over the company's assets in favour of Barclays Bank plc.

| Hire purchase contracts are secured against that assets to which they relate.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2,500 | A Ordinary | £1 | 2,500 |  | 2,500 |  |

| 20,000 | B Ordinary | £1 | 20,000 |  | 20,000 |  |

| 5,000 | C Ordinary | £1 | 5,000 |  | 5,000 |  |

27,500 |  | 27,500 |  |

12. | GUARANTEES AND COMMITMENTS

| The company is party to a Composite Accounting Agreement with Moulton Bulb Company Limited and Goldwood (Moulton) Limited under which it has given a cross guarantee bank facility in favour of Barclays Bank plc. The balance due to Barclays at 31 May 2025 from Moulton Bulb Company Limited and Goldwood (Moulton) Limited amounted to £2,729,000 (2024 - £4,444,367)