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REGISTERED NUMBER: 01940080 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

ROBERT HYDE AND SON (HOLDINGS) LIMITED

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| Page |

Company Information | 1 |

Group Strategic Report | 2 |  | to |  | 3

Report of the Directors | 4 |  | to |  | 5

Report of the Independent Auditors | 6 |  | to |  | 9

Consolidated Statement of Comprehensive Income | 10 |

Consolidated Statement of Financial Position | 11 |

Company Statement of Financial Position | 12 |

Consolidated Statement of Changes in Equity | 13 |

Company Statement of Changes in Equity | 14 |

Consolidated Statement of Cash Flows | 15 |

Notes to the Consolidated Statement of Cash Flows | 16 |

Notes to the Consolidated Financial Statements | 17 |  | to |  | 29

ROBERT HYDE AND SON (HOLDINGS) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | Mr J A Hyde BSc

| Mr W D Burrows

| Mr T J R Adams MEng CEng

| Mr J E Hyde BEng

| Mrs C R McGuirk MA

| SECRETARY: | Mr W D Burrows

| REGISTERED OFFICE: | Hyde Park

| City Road

| Stoke on Trent

| Staffordshire

| ST4 1DS

| BUSINESS ADDRESS: | Unit 12

| Hyde park

| City Road

| Stoke on Trent

| Staffordshire

| ST4 1DS

| REGISTERED NUMBER: | 01940080 (England and Wales)

| AUDITORS: | Sumer Auditco Limited

| Chartered Accountants & Statutory Auditors

| Stone House

| Stone Road Business Park

| Stoke-on-Trent

| ST4 6SR

| BANKERS: | Royal Bank of Scotland plc

| 38 Mosley Street

| Manchester

| M60 2BE

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

The directors present their strategic report of the company and the group for the year ended 31 July 2025.

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties that we face.

The principal activity of Robert Hyde & Son (Holdings) Limited is that of managing John Hyde Engineering Ltd, its wholly owned manufacturing subsidiary, renting company assets and managing the industrial estate property.

REVIEW OF BUSINESS

The value of shareholders funds and the liquidity of its balance sheet are the key performance indicators which measure the success or otherwise of the company.

Pre-tax profits for the year of £1,465,898 (2024: £2,148,824) in RHS and £986,191 (2024: £669,142) in JHE are satisfactory.

ROBERT HYDE AND SON (HOLDINGS) LTD (RHS)

RHS is reliant on its subsidiary, John Hyde Engineering Ltd (JHE) for the majority of its income, in the form of management charge, rent, and interest on capital outstanding for machines and equipment.

Rental income from the unconnected tenants relies on their financial health. If tenants terminate their leases, empty property rates compound the effects of loss of income.

Income from the diverse stockmarket investments owned by the company is materially important as is their capital value. The consequences of geopolitical instability around the world present the principal risks to both businesses.

RHS depends on RBS, its bank remaining solvent, and the UK and US stockmarkets for the continuing value of its balance sheet.

RHSH acquired the whole of the issued share capital of Robert Hyde Investments Ltd (RHI) during the year ended 31st July 2025, so RHI became a wholly owned subsidiary of RHSH.

ROBERT HYDE INVESTMENTS LIMITED (RHI)

The principal risks and uncertainties for RHI are the same as for the RHSH portfolio of stockmarket investments as stated below:

Income from the diverse stockmarket investments owned by RHI is not material, but their capital value is. The consequences of geopolitical instability around the world present the principal risks to the business.

JOHN HYDE ENGINEERING LIMITED (JHE)

JHE is heavily dependent on one customer with whom an agreement was signed in 2024. The customer has been and remains profitable with a strong balance sheet, and has diverse worldwide markets. The dependency is mutual so the risk of sudden change is low. Automation to reduce the need for people to work night shifts was undertaken during the year and will continue for several years.

The company has agreements with its main customers which adjust the prices the company charges to compensate fully for raw material and energy costs, but not for increases in the base costs of the products.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

PRINCIPAL RISK AND UNCERTAINTIES

FINANCIAL RISK MANAGEMENT

Credit risk is mitigated by carrying out credit checks prior to working for any potential customers, and by ensuring the agreed terms are not breached.

CORPORATE SOCIAL RESPONSIBILITY

The directors recognise that the long term security and prosperity of the companies is best served by fair treatment of its employees and prospective employees in accordance with the law and best practice. The company complies with environmental law and the directors recognise the long term benefits of bettering legal requirements.

OPERATING EXPENSES

All expenditure requires the authority of a director, and is instigated for the sole benefit of the trade of the businesses.

WORKING CAPITAL

The company meets its day to day working capital requirements through cash receipts from customers. These are monitored to ensure adherence to agreed credit terms. Stock is reviewed monthly to ensure that the valuation is in line with UK accounting standards and is deemed recoverable. Any obsolete stock that is identified is fully provided for within these financial statements.

POST BALANCE SHEET EVENTS

Business levels and prospects for the current year ending 31 July 2026 remain strong.

EMPLOYMENT OF DISABLED PERSONS

The group gives proper consideration to applications for employment from disabled persons where the requirements of the job can be fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the group's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

EMPLOYEE INVOLVEMENT

During the year, the policy of providing employees with information about the performance of the group companies has been continued through letters and meetings in which employees have been asked to present their suggestions and views.

ON BEHALF OF THE BOARD:

Mr W D Burrows - Director

27 February 2026

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JULY 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 July 2025.

DIVIDENDS

Particulars of recommended dividends are detailed in the notes to the financial statements.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

Mr J A Hyde BSc

Mr W D Burrows

Mr T J R Adams MEng CEng

Mr J E Hyde BEng

Mrs C R McGuirk MA

DISCLOSURE IN THE STRATEGIC REPORT

The company has, in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013, set out in the company's strategic report information require by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, including the future developments of the company.

The strategic report can be found on page 2 of the financial statements.

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.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JULY 2025

AUDITORS

The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr W D Burrows - Director

27 February 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ROBERT HYDE AND SON (HOLDINGS) LIMITED

Opinion

We have audited the financial statements of Robert Hyde and Son (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, 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 31 July 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ROBERT HYDE AND SON (HOLDINGS) LIMITED

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.

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 four, 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ROBERT HYDE AND SON (HOLDINGS) LIMITED

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit

evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

• |  | the nature of the industry and sector, control environment and business performance including the design of the group remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets; |

• |  | results of our enquiries of management about their own identification and assessment of the risks of irregularities; |

• |  | any matters we identified having obtained and reviewed the group documentation of their policies and procedures relating to: |

| - |  | identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; |

| - |  | detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |

| - |  | the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |

• |  | the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |

Based on this approach, we were able to assess the group risks and ensure the risks were considered throughout all areas of audit testing, across all group companies. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified

As a result of performing the above, we did not identify any key audit matters related to the potential risk of

fraud or irregularities. Our procedures to respond to risks identified included the following:

• reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

• enquiring of management concerning actual and potential litigation and claims;

• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

• obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ROBERT HYDE AND SON (HOLDINGS) LIMITED

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- | Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.

- | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- | Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.

- | Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- | Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Helen Tidyman (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

3 March 2026

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

TURNOVER | 3 | 12,809,174 |  | 13,563,676 |  |

Cost of sales | (9,948,053 | ) | (10,857,436 | ) |

GROSS PROFIT | 2,861,121 |  | 2,706,240 |  |

Distribution costs | (28,551 | ) | (33,502 | ) |

Administrative expenses | (1,666,547 | ) | (1,435,167 | ) |

1,166,023 |  | 1,237,571 |  |

Other operating income | - |  | 10,696 |  |

Gain/loss on revaluation of investments | 1,121,068 |  | - |  |

OPERATING PROFIT | 5 | 2,287,091 |  | 1,248,267 |  |

Income from fixed asset investments | 1,506,839 |  | 865,515 |  |

Interest receivable and similar income | 73,963 |  | 105,695 |  |

3,867,893 |  | 2,219,477 |  |

Interest payable and similar expenses | 6 | - |  | (1,511 | ) |

PROFIT BEFORE TAXATION | 3,867,893 |  | 2,217,966 |  |

Tax on profit | 7 | (221,892 | ) | (417,569 | ) |

PROFIT FOR THE FINANCIAL YEAR | 3,646,001 |  | 1,800,397 |  |

OTHER COMPREHENSIVE INCOME |

Revaluation of listed investments | (932,176 | ) | (648,368 | ) |

Transfer to undistributable reserves | 932,176 |  | 648,368 |  |

Income tax relating to components of other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 3,646,001 |  | 1,800,397 |  |

Profit attributable to:

Owners of the parent | 3,646,001 |  | 1,800,397 |  |

Total comprehensive income attributable to:

Owners of the parent | 3,646,001 |  | 1,800,397 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 2,812,001 |  | 2,430,601 |  |

Investments | 11 | 10,988,888 |  | 6,301,607 |  |

Investment property | 12 | 3,128,902 |  | 3,128,902 |  |

16,929,791 |  | 11,861,110 |  |

CURRENT ASSETS

Stocks | 13 | 1,181,168 |  | 1,680,417 |  |

Debtors | 14 | 2,421,257 |  | 2,517,704 |  |

Cash at bank and in hand | 3,331,170 |  | 5,070,795 |  |

6,933,595 |  | 9,268,916 |  |

CREDITORS

Amounts falling due within one year | 15 | (2,395,997 | ) | (2,987,627 | ) |

NET CURRENT ASSETS | 4,537,598 |  | 6,281,289 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 21,467,389 |  | 18,142,399 |  |

PROVISIONS FOR LIABILITIES | 16 | (542,419 | ) | (6,242 | ) |

NET ASSETS | 20,924,970 |  | 18,136,157 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 131,875 |  | 131,875 |  |

Share premium | 58,345 |  | 58,345 |  |

Undistributable reserves | 6,789,706 |  | 4,345,511 |  |

Retained earnings | 13,945,044 |  | 13,600,426 |  |

SHAREHOLDERS' FUNDS | 20,924,970 |  | 18,136,157 |  |

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:

Mr J A Hyde BSc - Director

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

COMPANY STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 1,824,874 |  | 1,429,857 |  |

Investments | 11 | 10,641,626 |  | 6,451,607 |  |

Investment property | 12 | 4,104,679 |  | 4,104,679 |  |

16,571,179 |  | 11,986,143 |  |

CURRENT ASSETS

Debtors | 14 | 236,811 |  | 818,248 |  |

Cash at bank | 2,722,724 |  | 4,094,465 |  |

2,959,535 |  | 4,912,713 |  |

CREDITORS

Amounts falling due within one year | 15 | (2,524,058 | ) | (507,105 | ) |

NET CURRENT ASSETS | 435,477 |  | 4,405,608 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 17,006,656 |  | 16,391,751 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 131,875 |  | 131,875 |  |

Share premium | 58,345 |  | 58,345 |  |

Undistributable reserves | 4,783,934 |  | 4,345,511 |  |

Retained earnings | 12,032,502 |  | 11,856,020 |  |

SHAREHOLDERS' FUNDS | 17,006,656 |  | 16,391,751 |  |

Company's profit for the financial year | 1,472,093 |  | 1,898,541 |  |

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:

Mr J A Hyde BSc - Director

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

| Called up |

| share |  | Retained |  | Share |  | Undistributable |  | Total

| capital |  | earnings |  | premium |  | reserves |  | equity

£ | £ | £ | £ | £ |

Balance at 1 August 2023 | 131,875 |  | 13,239,647 |  | 58,345 |  | 3,697,143 |  | 17,127,010 |  |

Changes in equity

Reclassification from undistributable reserve | - |  | (648,368 | ) | - |  | 648,368 |  | - |  |

Dividends | - |  | (791,250 | ) | - |  | - |  | (791,250 | ) |

Total comprehensive income | - |  | 1,800,397 |  | - |  | - |  | 1,800,397 |  |

Balance at 31 July 2024 | 131,875 |  | 13,600,426 |  | 58,345 |  | 4,345,511 |  | 18,136,157 |  |

Changes in equity

Reclassification from undistributable reserve | - |  | (2,444,195 | ) | - |  | 2,444,195 |  | - |  |

Dividends | - |  | (857,188 | ) | - |  | - |  | (857,188 | ) |

Total comprehensive income | - |  | 3,646,001 |  | - |  | - |  | 3,646,001 |  |

Balance at 31 July 2025 | 131,875 |  | 13,945,044 |  | 58,345 |  | 6,789,706 |  | 20,924,970 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

| Called up |

| share |  | Retained |  | Share |  | Undistributable |  | Total

| capital |  | earnings |  | premium |  | reserves |  | equity

£ | £ | £ | £ | £ |

Balance at 1 August 2023 | 131,875 |  | 11,397,097 |  | 58,345 |  | 3,697,143 |  | 15,284,460 |  |

Changes in equity

Reclassification from undistributable reserve | - |  | (648,368 | ) | - |  | 648,368 |  | - |  |

Dividends | - |  | (791,250 | ) | - |  | - |  | (791,250 | ) |

Total comprehensive income | - |  | 1,898,541 |  | - |  | - |  | 1,898,541 |  |

Balance at 31 July 2024 | 131,875 |  | 11,856,020 |  | 58,345 |  | 4,345,511 |  | 16,391,751 |  |

Changes in equity

Reclassification from undistributable reserve | - |  | (438,423 | ) | - |  | 438,423 |  | - |  |

Dividends | - |  | (857,188 | ) | - |  | - |  | (857,188 | ) |

Total comprehensive income | - |  | 1,472,093 |  | - |  | - |  | 1,472,093 |  |

Balance at 31 July 2025 | 131,875 |  | 12,032,502 |  | 58,345 |  | 4,783,934 |  | 17,006,656 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,958,365 |  | 2,801,196 |  |

Interest paid | - |  | (1,511 | ) |

Tax paid | (416,297 | ) | (84,641 | ) |

Net cash from operating activities | 1,542,068 |  | 2,715,044 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (1,379,098 | ) | - |  |

Purchase of tangible fixed assets | (1,010,580 | ) | (214,134 | ) |

Purchase of fixed asset investments | (986,576 | ) | (774,105 | ) |

Sale of tangible fixed assets | 2,502 |  | 11,000 |  |

Sale of fixed asset investments | 3,611,366 |  | 620,224 |  |

Purchase consideration for acquisition | (5,565,186 | ) | - |  |

Cash acquired on acquisition | 1,322,265 |  | - |  |

Interest received | 73,963 |  | 105,695 |  |

Dividends received | 1,506,839 |  | 222,522 |  |

Net cash from investing activities | (2,424,505 | ) | (28,798 | ) |

Cash flows from financing activities

Equity dividends paid | (857,188 | ) | (791,250 | ) |

Net cash from financing activities | (857,188 | ) | (791,250 | ) |

(Decrease)/increase in cash and cash equivalents | (1,739,625 | ) | 1,894,996 |  |

Cash and cash equivalents at beginning of year | 2 | 5,070,795 |  | 3,175,799 |  |

Cash and cash equivalents at end of year | 2 | 3,331,170 |  | 5,070,795 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 31.7.25 |  | 31.7.24

£ | £ |

| Profit before taxation | 3,867,893 |  | 2,217,966 |  |

| Depreciation charges | 614,223 |  | 768,740 |  |

| Loss/(profit) on disposal of fixed assets | 12,456 |  | (8,801 | ) |

| Gain on revaluation of fixed assets | (1,121,068 | ) | - |  |

| Finance costs | - |  | 1,511 |  |

| Finance income | (1,580,802 | ) | (971,210 | ) |

1,792,702 |  | 2,008,206 |  |

| Decrease in stocks | 499,249 |  | 425,934 |  |

| Decrease in trade and other debtors | 98,720 |  | 503,188 |  |

| Decrease in trade and other creditors | (432,306 | ) | (136,132 | ) |

| Cash generated from operations | 1,958,365 |  | 2,801,196 |  |

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 31 July 2025

| 31.7.25 |  | 1.8.24

£ | £ |

| Cash and cash equivalents | 3,331,170 |  | 5,070,795 |  |

| Year ended 31 July 2024

| 31.7.24 |  | 1.8.23

£ | £ |

| Cash and cash equivalents | 5,070,795 |  | 3,175,799 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.8.24 | Cash flow | At 31.7.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 5,070,795 |  | (1,739,625 | ) | 3,331,170 |  |

5,070,795 |  | (1,739,625 | ) | 3,331,170 |  |

| Total | 5,070,795 |  | (1,739,625 | ) | 3,331,170 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Robert Hyde and Son (Holdings) 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.

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going concern

| The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future, and continue to receive the support from the fellow group companies.

| Disclosure exemptions

| The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosure exemptions available under FRS 102:

| (a) Disclosures in respect of each class of share capital have not been presented.

| (b) No cash flow statement has been presented for the company.

| (c) Disclosures in respect of financial instruments have not been presented.

| (d) No disclosure has been given for the aggregate remuneration of key management personnel.

| BASIS OF CONSOLIDATION

| The financial statements consolidate the financial statements of Robert Hyde & Son (Holdings) Limited and its subsidiary undertakings.

| The results of subsidiaries acquired or disposed of during the period are included from or to the date that control passes.

| The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual comprehensive income.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| SIGNIFICANT JUDGEMENTS AND ESTIMATES

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| (a) Critical accounting estimates and assumptions

| The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| (i) Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.

| (ii) Impairment of debtors

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See debtors note for the net carrying amount of the debtors.

| (iii) Valuation of investment property

| The investment property is stated in the balance sheet at fair value, based on the valuation performed by the directors. The directors are of the opinion that the year-end valuation is not materially different to current market price observed.

| (iv) Stock provision

| Given the volume of stock held it is necessary to consider the recoverability of the cost of stock and the associated provision required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of the stock.

| REVENUE RECOGNITION

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

| Robert Hyde & Son (Holdings) Limited rents company assets and investment properties to it's subsidiary and third party customers. Revenue is recognised in the accounting period in which the rental period relates to.

| John Hyde Engineering Limited is a subcontract machinist and procurer and processor of castings. Sales of goods are recognised on sale to the customer which is considered the earlier of, invoicing or the point of delivery. Sales are usually on credit and paid via bank transfer.

| Sales are made to customers with a policy to return, subject to certain conditions regarding the usage.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| TANGIBLE FIXED ASSETS

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Depreciation

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

| Plant and Machinery - 1-20 years

| Motor Vehicles - 25% on reducing balance

| Impairment of Fixed Assets

| A review for indicators of impairment is carried out at each reporting date, with recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash- generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group of assets.

| Investments

| Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

| Listed investments are measured at fair value with changes in fair value being recognised in the profit or loss.

| INVESTMENT PROPERTY

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Investment property has been recognised at fair value, the directors are of the opinion that there has been no material change since 31 July 2025.

| STOCKS

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

| Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| HIRE PURCHASE AND LEASING COMMITMENTS

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| The 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.

| GOODWILL

| Negative goodwill has been fully written off in the year in which it occurred.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the principal activities of the group.

| An analysis of turnover by geographical market is given below:

| 31.7.25 |  | 31.7.24

£ | £ |

| United Kingdom | 12,785,962 |  | 13,545,676 |  |

| Europe | - |  | 18,000 |  |

| India | 23,212 |  | - |  |

12,809,174 |  | 13,563,676 |  |

4. | EMPLOYEES AND DIRECTORS

| 31.7.25 |  | 31.7.24

£ | £ |

| Wages and salaries | 2,142,095 |  | 2,176,923 |  |

| Social security costs | 136,713 |  | 138,826 |  |

| Other pension costs | 154,064 |  | 98,872 |  |

2,432,872 |  | 2,414,621 |  |

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

| 31.7.25 |  | 31.7.24

| Machinist | 28 |  | 28 |  |

| Finishing | 5 |  | 5 |  |

| Maintenance | 2 |  | 2 |  |

| Cleaning | 1 |  | 1 |  |

| Administration | 14 |  | 10 |  |

50 |  | 46 |  |

| 31.7.25 |  | 31.7.24

£ | £ |

| Directors' remuneration | 465,622 |  | 478,127 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | EMPLOYEES AND DIRECTORS - continued

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 5 |  | 5 |  |

| Information regarding the highest paid director is as follows:

| 31.7.25 |  | 31.7.24

£ | £ |

| Emoluments etc | 156,254 |  | 154,640 |  |

| During the year, the group made contributions of £112,764 (2024: £61,487) to a defined contribution pension scheme.

5. | OPERATING PROFIT

| The operating profit is stated after charging:

|  | 31.7.25 |  | 31.7.24 |  |

|  | £ |  | £ |  |

| Depreciation - owned assets |  | 614,223 |  | 768,740 |  |

| Auditors' remuneration |  | 16,042 |  | 17,175 |  |

| Foreign exchange (gains)/losses |  | (87,765 | ) | (79,250 | ) |

| (Gain)/loss on disposals |  | 12,456 |  | (8,801 | ) |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.7.25 |  | 31.7.24

£ | £ |

| Over/under provision of tax | - |  | 1,511 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 31.7.25 |  | 31.7.24

£ | £ |

| Current tax:

| UK corporation tax | 168,299 |  | 420,973 |  |

| Deferred tax | 53,593 |  | (3,404 | ) |

| Tax on profit | 221,892 |  | 417,569 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | TAXATION - continued

| RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Profit before tax | 3,867,893 |  | 2,217,966 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 966,973 |  | 554,492 |  |

| Effects of:

| Expenses not deductible for tax purposes | 11,201 |  | 24 |  |

| Income not taxable for tax purposes | (344,775 | ) | - |  |

| Capital allowances in excess of depreciation | (149,125 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 78,355 |  |

| Adjustments to tax charge in respect of previous periods | (53,368 | ) | - |  |

| Franked investment income | (96,915 | ) | (49,574 | ) |

| (Profit)/loss on disposals | (1,330 | ) | (2,138 | ) |

| Fair value adjustment (shares) | (110,769 | ) | (163,590 | ) |

| Total tax charge | 221,892 |  | 417,569 |  |

| Tax effects relating to effects of other comprehensive income |

| 31.7.25 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Revaluation of listed investments | (932,176 | ) | - |  | (932,176 | ) |

| Transfer to undistributable reserves | 932,176 |  | - |  | 932,176 |  |

- |  | - |  | - |  |

| 31.7.24 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Revaluation of listed investments | (648,368 | ) | - |  | (648,368 | ) |

| Transfer to undistributable reserves | 648,368 |  | - |  | 648,368 |  |

- |  | - |  | - |  |

8. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| 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.

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

9. | DIVIDENDS

| Equity dividends on Ordinary shares, paid in the accounting years were as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  | £ |  |

| Accounts year 31st July 2023 |  |

| 1st Interim paid 7th April 2023 at £2.00 per share |  | 263,750 |  |

| 2nd Interim paid 24th November 2023 at £4.00 per share |  |

|  | 527,500 |  |  | 527,500 |  |

|  | 791,250 |  |  |

| Accounts year 31st July 2024 |  |

| 1st Interim paid 7th April 2024 at £2.00 per share |  | 263,750 |  |  | 263,750 |  |

| 2nd Interim paid 20th September 2024 at £4.00 per |  | share |

|  | 527,500 |  | 527,500 |  |

|  | 791,250 |  |  |

| Accounts year 31st July 2025 |  |

| 1st Interim paid 14th April 2025 at £2.50 per share |  | 329,688 |  | 329,688 |  |

| 2nd Interim paid 9th September 2025 at £5.00 per share |  | 659,375 |  |

|  | 989,063 |  |  |

|  | 857,188 |  | 791,250 |  |

| Proposed and paid after the year-end (not recognised |  |

| as a liability): |  |

| Equity dividends on Ordinary shares |  |  | 659,375 |  | 527,500 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 975,777 |  | 11,205,627 |  | 171,970 |  | 12,353,374 |  |

| Additions | - |  | 1,010,580 |  | - |  | 1,010,580 |  |

| Disposals | - |  | (112,121 | ) | - |  | (112,121 | ) |

| At 31 July 2025 | 975,777 |  | 12,104,086 |  | 171,970 |  | 13,251,833 |  |

| DEPRECIATION

| At 1 August 2024 | - |  | 9,834,710 |  | 88,063 |  | 9,922,773 |  |

| Charge for year | - |  | 593,245 |  | 20,977 |  | 614,222 |  |

| Eliminated on disposal | - |  | (97,163 | ) | - |  | (97,163 | ) |

| At 31 July 2025 | - |  | 10,330,792 |  | 109,040 |  | 10,439,832 |  |

| NET BOOK VALUE

| At 31 July 2025 | 975,777 |  | 1,773,294 |  | 62,930 |  | 2,812,001 |  |

| At 31 July 2024 | 975,777 |  | 1,370,917 |  | 83,907 |  | 2,430,601 |  |

| Company

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 11,151,157 |  | 171,970 |  | 11,323,127 |  |

| Additions | 1,010,580 |  | - |  | 1,010,580 |  |

| Disposals | (112,121 | ) | - |  | (112,121 | ) |

| At 31 July 2025 | 12,049,616 |  | 171,970 |  | 12,221,586 |  |

| DEPRECIATION

| At 1 August 2024 | 9,805,207 |  | 88,063 |  | 9,893,270 |  |

| Charge for year | 579,628 |  | 20,977 |  | 600,605 |  |

| Eliminated on disposal | (97,163 | ) | - |  | (97,163 | ) |

| At 31 July 2025 | 10,287,672 |  | 109,040 |  | 10,396,712 |  |

| NET BOOK VALUE

| At 31 July 2025 | 1,761,944 |  | 62,930 |  | 1,824,874 |  |

| At 31 July 2024 | 1,345,950 |  | 83,907 |  | 1,429,857 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

11. | FIXED ASSET INVESTMENTS

| Group

| Listed |  | Unlisted |

| investments |  | investments |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 August 2024 | 6,117,735 |  | 183,872 |  | 6,301,607 |  |

| Additions | 986,576 |  | - |  | 986,576 |  |

| Disposals | (3,611,366 | ) | - |  | (3,611,366 | ) |

| Revaluations | 1,117,387 |  | - |  | 1,117,387 |  |

| Reclassification/transfer | 6,378,556 |  | (183,872 | ) | 6,194,684 |  |

| At 31 July 2025 | 10,988,888 |  | - |  | 10,988,888 |  |

| NET BOOK VALUE

| At 31 July 2025 | 10,988,888 |  | - |  | 10,988,888 |  |

| At 31 July 2024 | 6,117,735 |  | 183,872 |  | 6,301,607 |  |

| In respect of fixed asset investments held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £8,953,275, which includes a cost of £6,378,556 on acquisition during the year, (2024: £5,199,209). Aggregate impairment £nil (2024: £nil) and carrying value £8,953,275 (2024: £5,199,209).

| Company

| Shares in |

| group |  | Listed |  | Unlisted |

| undertakings |  | investments |  | investments |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 August 2024 | 150,000 |  | 6,117,735 |  | 183,872 |  | 6,451,607 |  |

| Additions | 5,565,186 |  | 789,681 |  | - |  | 6,354,867 |  |

| Disposals | - |  | (2,607,923 | ) | - |  | (2,607,923 | ) |

| Revaluations | - |  | 443,075 |  | - |  | 443,075 |  |

| Reclassification/transfer | 183,872 |  | - |  | (183,872 | ) | - |  |

| At 31 July 2025 | 5,899,058 |  | 4,742,568 |  | - |  | 10,641,626 |  |

| NET BOOK VALUE

| At 31 July 2025 | 5,899,058 |  | 4,742,568 |  | - |  | 10,641,626 |  |

| At 31 July 2024 | 150,000 |  | 6,117,735 |  | 183,872 |  | 6,451,607 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

11. | FIXED ASSET INVESTMENTS - continued

| Subsidiaries, associates and other investments

| John Hyde Engineering Limited

| Registered office: Hyde Park, City Road, Stoke-on-Trent, ST4 1DS

| Nature of business: Subcontract machinist and procurer and processor of castings

| %

| Class of shares: Holding

| Ordinary shares: 100

| Robert Hyde Investments Limited

| Registered office: Hyde Park, City Road, Stoke-on-Trent, ST4 1DS

| Nature of business: Subcontract machinist and procurer and processor of castings

| %

| Class of shares: Holding

| Ordinary shares: 100

12. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 August 2024

| and 31 July 2025 | 3,128,902 |  |

| NET BOOK VALUE

| At 31 July 2025 | 3,128,902 |  |

| At 31 July 2024 | 3,128,902 |  |

| In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £1,025,265 (2024: £1,025,265) Aggregate depreciation £nil (2024: £nil) and carrying value £1,025,265 (2024: £1,025,265).

| Company

| Total

£ |

| FAIR VALUE

| At 1 August 2024

| and 31 July 2025 | 4,104,679 |  |

| NET BOOK VALUE

| At 31 July 2025 | 4,104,679 |  |

| At 31 July 2024 | 4,104,679 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

13. | STOCKS

| Group |

| 31.7.25 |  | 31.7.24 |

£ | £ |

| Work-in-progress | 1,181,168 |  | 1,680,417 |  |

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

| Group |  | Company |

| 31.7.25 |  | 31.7.24 |  | 31.7.25 |  | 31.7.24 |

£ | £ | £ | £ |

| Trade debtors | 2,327,909 |  | 2,377,284 |  | 55,757 |  | 61,210 |  |

| Amounts owed by group undertakings | - |  | - |  | 149,947 |  | 739,396 |  |

| Prepayments and accrued income | 93,348 |  | 140,420 |  | 31,107 |  | 17,642 |  |

2,421,257 |  | 2,517,704 |  | 236,811 |  | 818,248 |  |

| Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

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

| Group |  | Company |

| 31.7.25 |  | 31.7.24 |  | 31.7.25 |  | 31.7.24 |

£ | £ | £ | £ |

| Trade creditors | 1,221,802 |  | 1,418,225 |  | 56,041 |  | 35,727 |  |

| Amounts owed to group undertakings | - |  | - |  | 2,038,000 |  | - |  |

| Tax | 263,168 |  | 422,492 |  | - |  | 250,285 |  |

| VAT | 364,956 |  | 390,631 |  | 57,387 |  | 65,997 |  |

| Accruals and deferred income | 546,071 |  | 756,279 |  | 372,630 |  | 155,096 |  |

2,395,997 |  | 2,987,627 |  | 2,524,058 |  | 507,105 |  |

16. | PROVISIONS FOR LIABILITIES

| Group |

| 31.7.25 |  | 31.7.24 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,838 |  | 6,242 |  |

| Deferred tax | 539,581 |  | - |  |

542,419 |  | 6,242 |  |

ROBERT HYDE AND SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01940080)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

16. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 6,242 |  |

| Credit to Statement of Comprehensive Income during year | (3,404 | ) |

| Accelerated capital allowances |

| On acquisition | 539,581 |  |

| Balance at 31 July 2025 | 542,419 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.7.25 |  | 31.7.24

| value: | £ | £ |

| 131,875 | Ordinary | £1 | 131,875 |  | 131,875 |  |

18. | RELATED PARTY DISCLOSURES

| Transactions with directors are under normal market conditions and/or not material.

| The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

| The key personnel of the Group and Company are the directors. Directors' remuneration is disclosed in note 4 of the financial statements.

19. | POST BALANCE SHEET EVENTS

| There were no significant post balance sheet events up to the date of the approval of the financial statements by the board.

20. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is J A Hyde BSc.

21. | GOING CONCERN

| The financial statements have been prepared on the going concern basis which assumes that the group will continue to trade for the foreseeable future.