IRIS Accounts Production v25.4.12.37 11267411 Board of Directors Board of Directors 30.4.25 1.5.24 30.4.25 30.4.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. wholesale butcher. true true false true true false false false true false Ordinary A Shares of £1 each 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11267411 2024-04-30 11267411 2025-04-30 11267411 2024-05-01 2025-04-30 11267411 2023-04-30 11267411 2023-05-01 2024-04-30 11267411 2024-04-30 11267411 ns15:EnglandWales 2024-05-01 2025-04-30 11267411 ns14:PoundSterling 2024-05-01 2025-04-30 11267411 ns10:Director1 2024-05-01 2025-04-30 11267411 ns10:Director2 2024-05-01 2025-04-30 11267411 ns10:Consolidated 2025-04-30 11267411 ns10:ConsolidatedGroupCompanyAccounts 2024-05-01 2025-04-30 11267411 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11267411 ns10:Consolidated ns10:MediumEntities 2024-05-01 2025-04-30 11267411 ns10:Consolidated ns10:Audited 2024-05-01 2025-04-30 11267411 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 11267411 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-05-01 2025-04-30 11267411 ns10:Consolidated 2024-05-01 2025-04-30 11267411 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 11267411 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-05-01 2025-04-30 11267411 ns10:FullAccounts 2024-05-01 2025-04-30 11267411 1 2024-05-01 2025-04-30 11267411 ns10:OrdinaryShareClass1 2024-05-01 2025-04-30 11267411 ns10:RegisteredOffice 2024-05-01 2025-04-30 11267411 ns10:Consolidated 2023-05-01 2024-04-30 11267411 ns5:CurrentFinancialInstruments 2025-04-30 11267411 ns5:CurrentFinancialInstruments 2024-04-30 11267411 ns5:ShareCapital 2025-04-30 11267411 ns5:ShareCapital 2024-04-30 11267411 ns5:CapitalRedemptionReserve 2025-04-30 11267411 ns5:CapitalRedemptionReserve 2024-04-30 11267411 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 11267411 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 11267411 ns5:NetGoodwill 2024-05-01 2025-04-30 11267411 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-01 2025-04-30 11267411 ns5:ComputerSoftware 2024-05-01 2025-04-30 11267411 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-05-01 2025-04-30 11267411 ns5:LeaseholdImprovements 2024-05-01 2025-04-30 11267411 ns5:PlantMachinery 2024-05-01 2025-04-30 11267411 ns5:FurnitureFittings 2024-05-01 2025-04-30 11267411 ns5:MotorVehicles 2024-05-01 2025-04-30 11267411 ns5:ComputerEquipment 2024-05-01 2025-04-30 11267411 ns5:CostValuation 2024-04-30 11267411 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 11267411 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 11267411 ns5:DeferredTaxation 2024-04-30 11267411 ns5:DeferredTaxation 2025-04-30 11267411 ns10:OrdinaryShareClass1 2025-04-30 11267411 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 11267411 ns5:CapitalRedemptionReserve 2024-04-30 11267411 ns5:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30

REGISTERED NUMBER: 11267411 (England and Wales)

| OWTONS HOLDING LIMITED |

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2025 |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Consolidated Statement of Income and Retained Earnings | 8 |

Consolidated Statement of Financial Position | 9 |

Company Statement of Financial Position | 11 |

Consolidated Statement of Cash Flows | 12 |

Notes to the Consolidated Statement of Cash Flows | 13 |

Notes to the Consolidated Financial Statements | 15 |

OWTONS HOLDING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | W M Owton

| Mrs S Owton

| REGISTERED OFFICE: | Unit 17, Chalcroft Business Park

| Burnetts Lane

| West End

| Southampton

| Hampshire

| SO30 2PA

| REGISTERED NUMBER: | 11267411 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Michaela Johns FCCA

| AUDITORS: | Hopper Williams & Bell Limited

| Statutory Auditor

| Highland House

| Mayflower Close

| Chandler's Ford

| Eastleigh

| Hampshire

| SO53 4AR

| BANKERS: | Santander UK plc

| 2 Triton Square

| Regent's Place

| London

| NW1 3AN

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 APRIL 2025

The directors present their strategic report of the company and the group for the year ended 30 April 2025.

REVIEW OF BUSINESS

The principal activity of the company during the year continued to be that of a wholesale butchers.

During the year the business experienced an increase in the turnover. The gross profit margin reported on each sale line remained consistent with previous years, which is pleasing given the fluctuations seen in the costs of purchasing meat over the year.

Post year end the business is generating healthy levels of profits and the directors foresee this continuing into the future.

PRINCIPAL RISKS AND UNCERTAINTIES

In terms of financial risk, there are few material elements. The Group must always consider and review its credit terms with customers and suppliers to ensure that the working capital cycle is not overly stretched.

The major risk comes from competition. From the view of the wholesale side of the business, the directors are of the view that the R Owton's name is well established and respected within the market and therefore able to withstand an element of competition threats. From the retail outlet side, the market place is highly competitive and the Group has focussed on then quality of its produce in order to differentiate it from competitors and maintain market share.

FINANCIAL KEY PERFORMANCE INDICATORS

The directors consider gross profit as a percentage of turnover to be the main key performance indicator when analysing business performance. The percentage shown below has been adjusted in the prior year to take account of government grants received.

| 2025 |  | 2024 |

Gross profit margin |  | 9.38% |  | 6.97% |

Trade debtor days |  | 23.06 |  | 23.7 |

Trade creditor days |  | 47.06 |  | 38.03 |

Stock turnover days |  | 8.67 |  | 6.65 |

ON BEHALF OF THE BOARD:

W M Owton - Director

27 February 2026

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 APRIL 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2025.

DIVIDENDS

Dividends amounting to £68,000 (2024: £72,000) were paid during the year.

FUTURE DEVELOPMENTS

The directors will continue to focus on the growth of the business, whilst ensuring they maintain a high quality of produce.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

W M Owton

Mrs S Owton

DONATIONS AND EXPENDITURE

Donations paid out by the group totalled £4,277 (2024: £534) during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 APRIL 2025

AUDITORS

The auditors, Hopper Williams & Bell Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

W M Owton - Director

27 February 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OWTONS HOLDING LIMITED

Opinion

We have audited the financial statements of Owtons Holding Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OWTONS HOLDING LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities even though the audit has been properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the group and the parent company, and the industry in which they operate. These include but are not limited to compliance with the Companies Act 2006, UK Generally Accepted Accounting Principles and the relevant tax compliance regulations for the group and the parent company.

- We obtained an understanding of how the group and the parent company is complying with these frameworks through discussions with management.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OWTONS HOLDING LIMITED

- We enquired with management whether there were any instances of non-compliance with laws and regulations or whether they had knowledge of actual or suspected fraud. These enquiries are corroborated through follow-up audit procedures including but not limited to a review of legal and professional costs and correspondence.

- We assessed the susceptibility of the group's and the parent company's financial statements to material misstatement, including the risk of fraud and management override of controls. We designed our audit procedures to respond to this assessment, including the identification and testing of any related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature.

- We assessed the appropriateness of the collective competence and capabilities of the engagement team, including consideration of the engagement team's knowledge and understanding of the industry in which the group and the parent company operates in, and their practical experience through training and participation with audit engagements of a similar nature.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michaela Johns FCCA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

Statutory Auditor

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

4 March 2026

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 30 APRIL 2025

2025 | 2024 |

| Notes | £ | £

TURNOVER | 4 | 31,279,079 |  | 30,325,536 |  |

Cost of sales | (28,343,104 | ) | (28,208,066 | ) |

GROSS PROFIT | 2,935,975 |  | 2,117,470 |  |

Administrative expenses | (2,673,851 | ) | (2,669,263 | ) |

262,124 |  | (551,793 | ) |

Other operating income | 43,351 |  | - |  |

OPERATING PROFIT/(LOSS) | 6 | 305,475 |  | (551,793 | ) |

Interest receivable and similar income | 11,589 |  | 13,439 |  |

317,064 |  | (538,354 | ) |

Interest payable and similar expenses | 7 | (3,067 | ) | - |  |

PROFIT/(LOSS) BEFORE TAXATION | 313,997 |  | (538,354 | ) |

Tax on profit/(loss) | 8 | (94,960 | ) | 102,711 |  |

PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 219,037 |  | (435,643 | ) |

Retained earnings at beginning of year | 3,576,295 |  | 4,083,938 |  |

Dividends | 10 | (68,000 | ) | (72,000 | ) |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 3,727,332 |  | 3,576,295 |  |

Profit/(loss) attributable to:

Owners of the parent | 219,037 |  | (435,643 | ) |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Intangible assets | 11 | 73,919 |  | 93,753 |  |

Tangible assets | 12 | 3,137,802 |  | 3,283,587 |  |

Investments | 13 | - |  | - |  |

3,211,721 |  | 3,377,340 |  |

CURRENT ASSETS

Stocks | 14 | 817,790 |  | 529,875 |  |

Debtors | 15 | 2,196,282 |  | 2,338,289 |  |

Cash at bank and in hand | 1,677,172 |  | 1,589,456 |  |

4,691,244 |  | 4,457,620 |  |

CREDITORS

Amounts falling due within one year | 16 | (3,412,244 | ) | (3,620,646 | ) |

NET CURRENT ASSETS | 1,279,000 |  | 836,974 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,490,721 |  | 4,214,314 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (97,242 | ) | (116,832 | ) |

PROVISIONS FOR LIABILITIES | 19 | (665,947 | ) | (520,987 | ) |

NET ASSETS | 3,727,532 |  | 3,576,495 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 160 |  | 160 |  |

Capital redemption reserve | 21 | 40 |  | 40 |  |

Retained earnings | 21 | 3,727,332 |  | 3,576,295 |  |

SHAREHOLDERS' FUNDS | 3,727,532 |  | 3,576,495 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - continued

30 APRIL 2025

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2026 and were signed on its behalf by:

W M Owton - Director

Mrs S Owton - Director

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

COMPANY STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Intangible assets | 11 | - |  | - |  |

Tangible assets | 12 | - |  | - |  |

Investments | 13 | 200 |  | 200 |  |

200 |  | 200 |  |

CURRENT ASSETS

Debtors | 15 | 747,154 |  | 580,051 |  |

Cash at bank | 55,668 |  | 214,079 |  |

802,822 |  | 794,130 |  |

CREDITORS

Amounts falling due within one year | 16 | (38,540 | ) | (38,540 | ) |

NET CURRENT ASSETS | 764,282 |  | 755,590 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 764,482 |  | 755,790 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 160 |  | 160 |  |

Capital redemption reserve | 21 | 40 |  | 40 |  |

Retained earnings | 21 | 764,282 |  | 755,590 |  |

SHAREHOLDERS' FUNDS | 764,482 |  | 755,790 |  |

Company's profit for the financial year | 76,692 |  | 58,955 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2026 and were signed on its behalf by:

W M Owton - Director

Mrs S Owton - Director

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 APRIL 2025

2025 | 2024 |

| Notes | £ | £

Cash flows from operating activities

Cash generated from operations | 1 | 617,871 |  | 1,965,650 |  |

Interest paid | (3,067 | ) | - |  |

Tax paid | - |  | (164,921 | ) |

Provisions | 50,000 |  | - |  |

Net cash from operating activities | 664,804 |  | 1,800,729 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (15,504 | ) | (40,995 | ) |

Purchase of tangible fixed assets | (288,282 | ) | (704,069 | ) |

Interest received | 11,589 |  | 13,439 |  |

Net cash from investing activities | (292,197 | ) | (731,625 | ) |

Cash flows from financing activities

Amount introduced by directors | (212,605 | ) | 100,000 |  |

Amount withdrawn by directors | (4,286 | ) | (200,036 | ) |

Equity dividends paid | (68,000 | ) | (72,000 | ) |

Net cash from financing activities | (284,891 | ) | (172,036 | ) |

Increase in cash and cash equivalents | 87,716 |  | 897,068 |  |

Cash and cash equivalents at beginning of year | 2 | 1,589,456 |  | 692,388 |  |

Cash and cash equivalents at end of year | 2 | 1,677,172 |  | 1,589,456 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 APRIL 2025

1. | RECONCILIATION OF PROFIT/(LOSS) FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2025 | 2024 |

| £ | £

| Profit/(loss) for the financial year | 219,037 |  | (435,643 | ) |

| Depreciation charges | 452,655 |  | 393,122 |  |

| Loss on disposal of fixed assets | 14,472 |  | 54,208 |  |

| Finance costs | 3,067 |  | - |  |

| Finance income | (11,589 | ) | (13,439 | ) |

| Taxation | 94,960 |  | (102,711 | ) |

772,602 |  | (104,463 | ) |

| Increase in stocks | (287,915 | ) | (31,166 | ) |

| Decrease in trade and other debtors | 148,575 |  | 1,171,173 |  |

| (Decrease)/increase in trade and other creditors | (15,391 | ) | 930,106 |  |

| Cash generated from operations | 617,871 |  | 1,965,650 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 30 April 2025

| 30.4.25 |  | 1.5.24

| £ | £

| Cash and cash equivalents | 1,677,172 |  | 1,589,456 |  |

| Year ended 30 April 2024

| 30.4.24 |  | 1.5.23

| £ | £

| Cash and cash equivalents | 1,589,456 |  | 723,364 |  |

| Bank overdrafts | - |  | (30,976 | ) |

1,589,456 |  | 692,388 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 APRIL 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.5.24 | Cash flow | At 30.4.25

| £ | £ | £

| Net cash |

| Cash at bank and in hand | 1,589,456 |  | 87,716 |  | 1,677,172 |  |

1,589,456 |  | 87,716 |  | 1,677,172 |  |

| Debt

| Finance leases | - |  | (126,415 | ) | (126,415 | ) |

- |  | (126,415 | ) | (126,415 | ) |

| Total | 1,589,456 |  | (38,699 | ) | 1,550,757 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Owtons Holding 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

| amounts in these financial statements are rounded to the nearest £1.

| The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

| For the year ending 30 April 2025 the following subsidiaries of the group were entitled to exemption from

| audit under s479A of the Companies Act 2006 relating to subsidiary companies.

| Chalcroft Farm Shop Limited (Co. Number 03772166).

| The guarantees required as part of this exemption, are provided by the parent company of the group, Owtons Holding Limited.

| The principal accounting policies adopted are set out below.

| Basis of consolidation

| The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

| The acquisition of Chalcroft Farm Shop Limited in the year to 30 April 2017 has been completed under purchase method accounting. Within the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date being 28 March 2018. The results of acquired operations are included in the Consolidated Statement of Income and Retained Earnings from the date on which control is obtained. They are deconsolidated from the date control ceases.

| The acquisition of R Owton (Wholesale Butchers) Limited in the year to 30 April 2018 has been completed under merger accounting. Where ownership of the Group has not changed with the introduction of a new parent company, merger accounting requires a consolidation to be completed as if that new parent has always existed. As such, these consolidated statements present the results as if the parent company had always existed, even though it was only incorporated on 21 March 2018, and gained control of the group at that date.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| - the group has transferred the significant risk and rewards of ownership to the buyer;

| - the group retains neither continuing managerial involvement to the degree usually associated with

| ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the group will receive the consideration due under the transaction; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Goodwill

| Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the

| Consolidated Statement of Comprehensive income over its useful economic life.

| The estimated useful lives range as follows:

| Goodwill - 10 years

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of four years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Long leasehold | - | 10% on cost

| Improvements to property | - | Straight line over 5 years

| Plant and machinery | - | 15% Reducing balance

| Fixtures and fittings | - | 15% Reducing balance

| Motor vehicles | - | Straight line over 5 years and Straight line over 3 years

| Computer equipment | - | 25% Reducing balance and Straight line over 4 years

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

| recognised in the Consolidated Statement of Income and Retained Earnings.

| Financial instruments

| The group has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Financial assets

| Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets, which include trade and other receivables and cash and bank balances are initially

| measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Financial liabilities

| Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

| Equity instruments

| Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised

| when paid. Final equity dividends are recognised when approve by the shareholders at an annual general

| meeting.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the consolidated statement of income and retained earnings in the year that the group become aware of the obligation, and are measured at the best estimate at the consolidated statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged against the provision recognised in the consolidated statement of financial position.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of financial assets

| Financial assets measured at cost and amortised costs are assessed at the end of each reporting period for

| objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the consolidated statement of income and retained earnings.

| For financial assets measured at cost less impairment,the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the consolidated statement of income and retained earnings.

| Derecognition of financial assets and financial liabilities

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the Company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant amount of assets and liabilities are as follows.

| Stock

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Consolidated Statement of Income and Retained Earnings.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

| Dilapidation provision

| The company has leases with its landlords which includes a clause obliging the Company to return the properties in the same condition as at the date of entry into the lease. The cost to bring the properties back to the condition cannot be confirmed until the Company leaves the properties and accordingly estimates are prepared at each reporting date.

| The Company has estimated that it is unlikely that any material dilapidation payments will be required over and above the value of the tenant fittings remaining at the end of the Company's leases. Provision is only made for potential dilapidation payments when they can be reliably estimated, and it is probable that they will occur.

4. | TURNOVER

| The turnover and profit (2024 - loss) before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business is given below:

2025 | 2024 |

| £ | £

| Food sales | 31,279,079 |  | 30,325,536 |  |

31,279,079 |  | 30,325,536 |  |

| All turnover arose within the United Kingdom.

5. | EMPLOYEES AND DIRECTORS

2025 | 2024 |

| £ | £

| Wages and salaries | 4,122,069 |  | 3,679,886 |  |

| Social security costs | 369,189 |  | 341,514 |  |

| Other pension costs | 86,816 |  | 75,100 |  |

4,578,074 |  | 4,096,500 |  |

| The average number of employees during the year was as follows:

2025 | 2024 |

| Distribution staff | 128 |  | 121 |  |

| Administrative staff | 2 |  | 2 |  |

| Management staff | 2 |  | 2 |  |

132 |  | 125 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2024 - NIL).

2025 | 2024 |

| £ | £

| Directors' remuneration | 30,921 |  | 33,390 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | OPERATING PROFIT/(LOSS)

| The operating profit (2024 - operating loss) is stated after charging:

2025 | 2024 |

| £ | £

| Hire of plant and machinery | 21,857 |  | 18,722 |  |

| Other operating leases | 275,000 |  | 272,917 |  |

| Depreciation - owned assets | 383,549 |  | 367,933 |  |

| Depreciation - assets on hire purchase contracts | 33,768 |  | - |  |

| Loss on disposal of fixed assets | 14,472 |  | 54,208 |  |

| Goodwill amortisation | 19,592 |  | 18,592 |  |

| Computer software amortisation | 15,746 |  | 6,599 |  |

| Auditors' remuneration | 22,000 |  | 20,000 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

2025 | 2024 |

| £ | £

| Bank interest | 3,067 |  | - |  |

8. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the profit for the year was as follows:

2025 | 2024 |

| £ | £

| Deferred tax | 94,960 |  | (102,711 | ) |

| Tax on profit/(loss) | 94,960 |  | (102,711 | ) |

| UK corporation tax has been charged at 25 % .

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

8. | TAXATION - continued

| Reconciliation of total tax charge/(credit) included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 | 2024 |

| £ | £

| Profit/(loss) before tax | 313,997 |  | (538,354 | ) |

| Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 78,499 |  | (134,589 | ) |

| Effects of:

| Expenses not deductible for tax purposes | 1,954 |  | 6,654 |  |

| Depreciation on Non-Qualifying Assets | 14,522 |  | 8,905 |  |

| Other differences leading to an increase (decrease) in the tax charge | (15 | ) | 4,648 |  |

| Deferred Tax Not Provided in prior year | - |  | 7,327 |  |

| Group relief | - |  | 4,344 |  |

| Total tax charge/(credit) | 94,960 |  | (102,711 | ) |

9. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

| The profit after tax of the parent company for the year was £76,692 (2024 £58,955).

10. | DIVIDENDS

2025 | 2024 |

| £ | £

| Ordinary A Shares of £1 each shares of 1 each

| Interim | 68,000 |  | 72,000 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

11. | INTANGIBLE FIXED ASSETS

| Group

Computer |

Goodwill | software | Totals |

| £ | £ | £

| COST

| At 1 May 2024 | 195,915 |  | 51,620 |  | 247,535 |  |

| Additions | - |  | 15,504 |  | 15,504 |  |

| At 30 April 2025 | 195,915 |  | 67,124 |  | 263,039 |  |

| AMORTISATION

| At 1 May 2024 | 144,089 |  | 9,693 |  | 153,782 |  |

| Amortisation for year | 19,592 |  | 15,746 |  | 35,338 |  |

| At 30 April 2025 | 163,681 |  | 25,439 |  | 189,120 |  |

| NET BOOK VALUE

| At 30 April 2025 | 32,234 |  | 41,685 |  | 73,919 |  |

| At 30 April 2024 | 51,826 |  | 41,927 |  | 93,753 |  |

12. | TANGIBLE FIXED ASSETS

| Group

Long | Improvements | Plant and |

leasehold | to property | machinery |

| £ | £ | £

| COST

| At 1 May 2024 | 2,746,053 |  | 27,290 |  | 84,175 |  |

| Additions | 27,417 |  | - |  | 6,579 |  |

| Disposals | (5,462 | ) | - |  | - |  |

| At 30 April 2025 | 2,768,008 |  | 27,290 |  | 90,754 |  |

| DEPRECIATION

| At 1 May 2024 | 446,819 |  | 4,517 |  | 19,215 |  |

| Charge for year | 139,749 |  | 5,449 |  | 10,515 |  |

| Eliminated on disposal | (1,001 | ) | - |  | - |  |

| At 30 April 2025 | 585,567 |  | 9,966 |  | 29,730 |  |

| NET BOOK VALUE

| At 30 April 2025 | 2,182,441 |  | 17,324 |  | 61,024 |  |

| At 30 April 2024 | 2,299,234 |  | 22,773 |  | 64,960 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

12. | TANGIBLE FIXED ASSETS - continued

| Group

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| COST

| At 1 May 2024 | 1,059,978 |  | 1,015,615 |  | 23,207 |  | 4,956,318 |  |

| Additions | 51,153 |  | 164,656 |  | 38,477 |  | 288,282 |  |

| Disposals | (18,709 | ) | (102,225 | ) | - |  | (126,396 | ) |

| At 30 April 2025 | 1,092,422 |  | 1,078,046 |  | 61,684 |  | 5,118,204 |  |

| DEPRECIATION

| At 1 May 2024 | 466,437 |  | 729,117 |  | 6,626 |  | 1,672,731 |  |

| Charge for year | 98,129 |  | 155,562 |  | 7,913 |  | 417,317 |  |

| Eliminated on disposal | (13,920 | ) | (94,725 | ) | - |  | (109,646 | ) |

| At 30 April 2025 | 550,646 |  | 789,954 |  | 14,539 |  | 1,980,402 |  |

| NET BOOK VALUE

| At 30 April 2025 | 541,776 |  | 288,092 |  | 47,145 |  | 3,137,802 |  |

| At 30 April 2024 | 593,541 |  | 286,498 |  | 16,581 |  | 3,283,587 |  |

| The net book value of tangible fixed assets includes £ 118,212 in respect of assets held under hire purchase contracts.

13. | FIXED ASSET INVESTMENTS

| Company

Shares in |

group |

undertakings |

| £

| COST

| At 1 May 2024

| and 30 April 2025 | 200 |  |

| NET BOOK VALUE

| At 30 April 2025 | 200 |  |

| At 30 April 2024 | 200 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

13. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiaries

| R Owton (Wholesale Butchers) Limited

| Registered office: England and Wales

| Nature of business: Production of meat and poultry meat products

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

| R Owtons (Wholesale Butchers) Limited registered office address is Unit 17 Chalcroft Business Park, Burnetts Lane, Southampton, United Kingdom, SO30 2PA.

| Chalcroft Farm Shop Limited

| Registered office: England and Wales

| Nature of business: Retail sale of meat and meat products

% |

| Class of shares: | holding |

| Ordinary | 100.00 |

| Chalcroft Farm Shop Limited is an indirect subsidiary of Owtons Holding Limited, registered address is Woodhouse Lane, Botley, Southampton, Hampshire, SO30 2EZ, with the shares being owned 100% by R Owton (Wholesale Butchers) Limited.

14. | STOCKS

| Group |

2025 | 2024 |

| £ | £

| Stocks | 789,058 |  | 504,375 |  |

| Finished goods | 28,732 |  | 25,500 |  |

817,790 |  | 529,875 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

| £ | £ | £ | £

| Trade debtors | 1,976,322 |  | 1,969,370 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 745,703 |  | 575,703 |  |

| Other debtors | 100 |  | 6,387 |  | - |  | - |  |

| Directors' current accounts | 4,286 |  | - |  | - |  | - |  |

| Tax | 51,550 |  | 51,550 |  | - |  | - |  |

| VAT | 80,799 |  | 212,747 |  | - |  | - |  |

| Deferred tax asset | - |  | - |  | 1,451 |  | 4,348 |  |

| Prepayments and accrued income | 83,225 |  | 98,235 |  | - |  | - |  |

2,196,282 |  | 2,338,289 |  | 747,154 |  | 580,051 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

| £ | £ | £ | £

| Hire purchase contracts (see note 18) | 29,173 |  | - |  | - |  | - |  |

| Trade creditors | 3,029,966 |  | 2,939,814 |  | - |  | - |  |

| Tax | 5,713 |  | 5,713 |  | 5,713 |  | 5,713 |  |

| Social security and other taxes | 94,048 |  | 82,023 |  | 2,414 |  | 2,414 |  |

| Other creditors | 129,622 |  | 189,275 |  | - |  | - |  |

| Directors' current accounts | - |  | 212,606 |  | - |  | - |  |

| Accruals and deferred income | 123,722 |  | 191,215 |  | 30,413 |  | 30,413 |  |

3,412,244 |  | 3,620,646 |  | 38,540 |  | 38,540 |  |

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

| Group |

2025 | 2024 |

| £ | £

| Hire purchase contracts (see note 18) | 97,242 |  | - |  |

| Other creditors | - |  | 116,832 |  |

97,242 |  | 116,832 |  |

| Hire purchase liabilities are secured against the assets to which the borrowing relates.

| Other creditor liabilities were secured against the assets to which they related.

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

| £ | £

| Net obligations repayable:

| Within one year | 29,173 |  | - |  |

| Between one and five years | 97,242 |  | - |  |

126,415 |  | - |  |

| Group

Non-cancellable |

operating leases |

2025 | 2024 |

| £ | £

| Within one year | 271,407 |  | 270,324 |  |

| Between one and five years | 1,120,958 |  | 1,150,853 |  |

| In more than five years | 2,895,459 |  | 3,152,959 |  |

4,287,824 |  | 4,574,136 |  |

| The total lease payments relating to rent and equipment hire recognised as an expense in the financial year amounts to £290,068 (2024: £285,333).

19. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

| £ | £

| Deferred tax | 415,947 |  | 320,987 |  |

| Other provisions | 250,000 |  | 200,000 |  |

| Aggregate amounts | 665,947 |  | 520,987 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

19. | PROVISIONS FOR LIABILITIES - continued

| Group

Deferred | Other |

tax | provisions |

| £ | £

| Balance at 1 May 2024 | 320,987 |  | 200,000 |  |

| Provided during year | - |  | 50,000 |  |

| Utilised during year | (9,987 | ) | - |  |

| Losses utilised | 104,947 |  | - |  |

| Balance at 30 April 2025 | 415,947 |  | 250,000 |  |

| Company

Deferred tax |

| £

| Balance at 1 May 2024 | (4,348 | ) |

| Corporation tax losses c/fwd | 2,897 |  |

| Balance at 30 April 2025 | (1,451 | ) |

| The other provision above represents the dilapidations and the the estimated cost to the business to return the property to its original state as per the terms of the property agreement.

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 160 | Ordinary A Shares of £1 each | 1 | 160 |  | 160 |  |

| Shares rank equally for voting purposes, dividends declared and any distribution made on a winding up of the Company.

21. | RESERVES

| Group

Capital |

Retained | redemption |

earnings | reserve | Totals |

| £ | £ | £

| At 1 May 2024 | 3,576,295 |  | 40 |  | 3,576,335 |  |

| Profit for the year | 219,037 |  | 219,037 |  |

| Dividends | (68,000 | ) | (68,000 | ) |

| At 30 April 2025 | 3,727,332 |  | 40 |  | 3,727,372 |  |

OWTONS HOLDING LIMITED (REGISTERED NUMBER: 11267411)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

21. | RESERVES - continued

| Company

Capital |

Retained | redemption |

earnings | reserve | Totals |

| £ | £ | £

| At 1 May 2024 | 755,590 |  | 40 |  | 755,630 |  |

| Profit for the year | 76,692 |  | 76,692 |  |

| Dividends | (68,000 | ) | (68,000 | ) |

| At 30 April 2025 | 764,282 |  | 40 |  | 764,322 |  |

| Capital redemption reserve

| This reserve records the nominal value of shares repurchased by the company.

| Profit and loss account

| This reserve records retained earnings and accumulated profits.

22. | PENSION COMMITMENTS

| The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. Pension contributions payable for the year amounted to £86,816 (2024: £75,653). Pension contributions amounting to £14,364 (2024: £16,142) were outstanding at the year end and are included within other creditors.

23. | OTHER FINANCIAL COMMITMENTS

| As disclosed in note 2, a subsidiary, Chalcroft Farm Shop Limited, has taken advantage of the exemptions under Companies Act 2006 section 479A, and has not been audited.

| As part of these exemptions Owtons Holding Limited is required to provide an undertaking to guarantee outstanding liabilities to which the subsidiary is subject to as at 30 April 2025.

24. | RELATED PARTY DISCLOSURES

| During the year, amounts totalling £279,033 (2024: £200,036) were withdrawn by the Directors. Amounts introduced in the year totalled £62,141 (2024: £100,000). As at 30 April 2025 £4,286 was owed by the directors (2024: £212,606 owed to the directors).

| Key management personnel include all directors and three non-directors. The total compensation paid to key management personnel for services provided to the company was £134,158 (2024: £127,335). There were no outstanding balances due to key management personnel at year end.

25. | ULTIMATE CONTROLLING PARTY

| In the opinion of the directors, there is no individual controlling party.