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REGISTERED NUMBER: 02112285 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| SOUTH EASTERN FOODS LIMITED |

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SOUTH EASTERN FOODS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | Mr G R Linkins

| Mr C G Linkins

| Mrs S A Linkins

| REGISTERED OFFICE: | c/o Bradleys

| Wotton Road

| Ashford

| Kent

| TN23 6LL

| REGISTERED NUMBER: | 02112285 (England and Wales)

| ACCOUNTANTS: | GKP (Ampthill) Limited

| Chartered Accountants

| 3 Doolittle Yard

| Froghall Road

| Ampthill

| Bedfordshire

| MK45 2NW

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

BALANCE SHEET

30 JUNE 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 826,952 |  | 866,607 |  |

Investments | 5 | 7,500 |  | 7,500 |  |

834,452 |  | 874,107 |  |

CURRENT ASSETS

Stocks | 533,683 |  | 468,673 |  |

Debtors | 6 | 2,583,004 |  | 1,921,842 |  |

Cash at bank and in hand | 210,147 |  | 840,314 |  |

3,326,834 |  | 3,230,829 |  |

CREDITORS

Amounts falling due within one year | 7 | (947,201 | ) | (1,303,392 | ) |

NET CURRENT ASSETS | 2,379,633 |  | 1,927,437 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,214,085 |  | 2,801,544 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (45,256 | ) | (16,049 | ) |

PROVISIONS FOR LIABILITIES | (192,085 | ) | (195,015 | ) |

NET ASSETS | 2,976,744 |  | 2,590,480 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1,000 |  | 1,000 |  |

Retained earnings | 2,975,744 |  | 2,589,480 |  |

SHAREHOLDERS' FUNDS | 2,976,744 |  | 2,590,480 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

BALANCE SHEET - continued

30 JUNE 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 11 February 2026 and were signed on its behalf by:

Mr G R Linkins - Director

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| South Eastern Foods 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

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

| Tangible fixed assets

| Tangible fixed assets are stated at cost less depreciation.

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

| Short leasehold - 40% on reducing balance

| Fixtures and fittings - 10% and 20% on cost

| Motor vehicles - 15% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, 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 balance sheet date.

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

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

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2024 - 30 ) .

4. | TANGIBLE FIXED ASSETS

Fixtures |

Short | and | Motor |

leasehold | fittings | vehicles | Totals |

| £ | £ | £ | £

| COST

| At 1 July 2024 | 461,821 |  | 889,064 |  | 351,963 |  | 1,702,848 |  |

| Additions | - |  | 23,105 |  | 75,760 |  | 98,865 |  |

| Disposals | - |  | - |  | (57,495 | ) | (57,495 | ) |

| At 30 June 2025 | 461,821 |  | 912,169 |  | 370,228 |  | 1,744,218 |  |

| DEPRECIATION

| At 1 July 2024 | 256,608 |  | 334,814 |  | 244,819 |  | 836,241 |  |

| Charge for year | 6,760 |  | 78,541 |  | 28,494 |  | 113,795 |  |

| Eliminated on disposal | - |  | - |  | (32,770 | ) | (32,770 | ) |

| At 30 June 2025 | 263,368 |  | 413,355 |  | 240,543 |  | 917,266 |  |

| NET BOOK VALUE

| At 30 June 2025 | 198,453 |  | 498,814 |  | 129,685 |  | 826,952 |  |

| At 30 June 2024 | 205,213 |  | 554,250 |  | 107,144 |  | 866,607 |  |

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS - continued

| The net book value of tangible fixed assets includes £ 79,143 (2024 - £ 16,100 ) in respect of assets held under hire purchase contracts.

5. | FIXED ASSET INVESTMENTS

Other |

investments |

| £

| COST

| At 1 July 2024

| and 30 June 2025 | 7,500 |  |

| NET BOOK VALUE

| At 30 June 2025 | 7,500 |  |

| At 30 June 2024 | 7,500 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 741,981 |  | 750,572 |  |

| Amounts owed by group undertakings | 249,340 |  | - |  |

| Other debtors | 1,463,592 |  | 1,025,918 |  |

| VAT | 21,458 |  | 27,852 |  |

| Prepayments and accrued income | 106,633 |  | 117,500 |  |

2,583,004 |  | 1,921,842 |  |

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | - |  | 55,556 |  |

| Hire purchase contracts (see note 9) | 17,312 |  | 6,480 |  |

| Trade creditors | 871,075 |  | 847,761 |  |

| Amounts owed to group undertakings | - |  | 121,207 |  |

| Tax | 51,864 |  | 262,829 |  |

| Other creditors | - |  | 159 |  |

| Accruals and deferred income | 6,950 |  | 9,400 |  |

947,201 |  | 1,303,392 |  |

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

2025 | 2024 |

| £ | £

| Bank loans | - |  | 13,889 |  |

| Hire purchase contracts (see note 9) | 45,256 |  | 2,160 |  |

45,256 |  | 16,049 |  |

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

| £ | £

| Net obligations repayable:

| Within one year | 17,312 |  | 6,480 |  |

| Between one and five years | 45,256 |  | 2,160 |  |

62,568 |  | 8,640 |  |

Non-cancellable |

operating leases |

2025 | 2024 |

| £ | £

| Within one year | 81,778 |  | 85,784 |  |

| Between one and five years | 71,374 |  | 136,004 |  |

153,152 |  | 221,788 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank loans | - |  | 69,445 |  |

| Hire purchase contracts | 62,568 |  | 8,640 |  |

62,568 |  | 78,085 |  |

| The bank loan is secured by a fixed and floating charge over the assets of the company. The hire purchase contracts are secured over the assets to which they relate.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

12. | CAPITAL COMMITMENTS

2025 | 2024 |

| £ | £

| Contracted but not provided for in the

| financial statements | 80,384 |  | - |  |

SOUTH EASTERN FOODS LIMITED (REGISTERED NUMBER: 02112285)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

13. | OTHER FINANCIAL COMMITMENTS

| The company has entered into a multi-lateral guarantee with it's parent company and a fellow subsidiaries in favour of Barclays Bank Plc.

| At 30 June 2025, a mortgage facility totalling £Nil (2024 - £161,266) was being used by the fellow subsidiaries.

14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025 | 2024 |

| £ | £

| Mr G R Linkins

| Balance outstanding at start of year | - |  | 300,000 |  |

| Amounts repaid | - |  | (300,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

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

| The loan was interest free and repayable on demand.