Company Registration No. 11351236 (England and Wales)
MELLORS CONSOLIDATED LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2025
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
MELLORS CONSOLIDATED LIMITED
COMPANY INFORMATION
Director
Mr M Timmerman
Company number
11351236
Registered office
West Lancs Technology Management Centre
White Moss Business Park
Moss Lane View
Skelmersdale
England
WN8 9TN
Auditor
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
MELLORS CONSOLIDATED LIMITED
CONTENTS
Page
Strategic report
1 - 3
Director's report
4 - 6
Independent auditor's report
7 - 10
Group statement of comprehensive income
11
Group balance sheet
12
Company balance sheet
13
Group statement of changes in equity
14
Company statement of changes in equity
15
Group statement of cash flows
16
Notes to the financial statements
17 - 31
MELLORS CONSOLIDATED LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 JULY 2025
- 1 -

The director presents the strategic report for the period ended 31 July 2025.

Review of the business

The group trades as a contract caterer serving quality meals on a daily basis under long-term fixed price or cost-plus management fee contracts. These are mainly serving the education sector (Primary and Secondary Schools in north of England). Over 95% of trade is term time only, 38 weeks per academic year. This brings a high level of revenue fluctuation over the year; whilst labour costs are equated, resulting in well planned cash flow variations over the year.

During the period, the group has extended the year end to 31 July 2025, such as to better align the financial reporting cycle with operational and strategic planning timelines. This extension was performed during a period of no trade for the group, incurring costs as detailed below.

The group’s management team has continued to work on improving quality and financial contribution from the core site portfolio, re-structing and re-negotiating longer term arrangements, and not renewing contracts that do not meet the financial and / or operational criteria of the group. Success has been achieved this year in improving the contribution of underperforming contracts to meet minimum earning requirements.

The group started the year with 318 trading sites and ended it with 315 sites, with 38 new sites to be mobilised for the new academic year (September 2025). New site opening during the year have required significant development to bring their performance up to standard and budget.

The group has now adopted a 12 month accounting financial and payroll period, bringing many benefits to the reporting, controls, management information and client reporting. The financial year has therefore been extended from 17 th July to 31 st July.

The additional 2 weeks of this 54 week financial year are beyond the academic year. Therefore, minimal revenue was realised to contribution to the 2 weeks additional payroll costs and sundry costs. It is calculated that the nett cost of the 2 additional weeks to 31 st July 2025 is £1,0 93 k The next financial year will be 52 weeks are there are no plans for any future adjustments to accounting periods of year end date.

Food inflation was approximately 3.2%. Its impact was effectively mitigated through the annual catering review process and the investment / launch of Mellors new site-based procurement IT system. This new system giving Mellors catering mangers real time product pricing and availability from Mellors local food suppliers.

Higher than anticipated annual wage reviews and NJC costs have also been mitigated through annual review of catering subsidies and or customer tariffs and free school meal allowances. Free school meals represent 51.2% of revenue this year, increasing from 49.3% last year and 47.1% previously. Further increases of UK households entitled to free school meals are forecast to further enhance this percentage.

Contract catering is a labour intense sector of the hospitality industry, with complex and high levels of pension arrangements. In year new NI requirements and National Living Wage enhancements have increased labour cost % this year to 60.1%, last year’s 54.4%.

In year national business cost pressures of volatile energy markets do not substantially impact the group as services are provided on third party premises.

Effective management and healthy market conditions have delivered this year has seen the good performance of EBIT D A considering the impact of extended year end and other items illustrated above. The group’s continued strong performance is built on the foundations of offering the highest level of food and service in the UK education sector, reflected in our client satisfaction rating, portfolio retention and new F.R.E.S.H., Mellors Mantras.

MELLORS CONSOLIDATED LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 2 -
Principal risks and uncertainties

95% (2024: 92%) of the group’s business is focused in the education sector, with the remainder in commercial and business and industry catering contacts. This strategic balance of business ensures healthy payment terms and minimises bad debts. The management team have carried out effective work during the year making significant in-roads into long term debts of historic / closed contacts.

Annual enhancements of national living wage / NI rates / NI thresholds / NJC pay reviews – these are funded through the group’s annual review of catering subsidies and meal prices.

Throughout the business, staff have and continue to be regularly updated both on group progress and relevant measures to keep them safe whilst providing service in order to avoid accidents at work which is the risk that is always present in a working environment such as that found in the group’s contracts.

Contract retention remains strong given the group’s maturing site portfolio. New contract acquisitions have met targets this year, with the majority being mobilised a t financial year end. To drive Mellors competitive end, the group as invested in a new Business Development Director and Business Development Manager, better suited to the complexity arena of competitive tendering of large Trust and Cluster multi-site contracts.

Ms. Julie Leigh has provided excellent support as Finance Director this financial year, making effective changes to communication channels, audit files, financial reports, period dates and financial year ends. Mr. James Treadwell (N on-E xecutive D irector) has continued to provided quality support and financial advice for the group and the finalisation of past director, Klaas Timmerman‘s estate.

Development and performance

Mellors new site-based procurement system has been rolled out into all sites bringing new real time food pricing and availability information to catering managers.

Accounting systems were further reviewed in year. The group’s current IT provider has continued as a long-term partner, developing improved bespoke financial management HR and Payroll IT software.

Between the close of the accounting period and the date of these accounts, the director and senior management team have continually reviewed the trading performance and the value of the assets shown in the Balance Sheet. In their post Balance Sheet review the director concluded that the attached accounts represent a true and fair view of the group’s financial position as represented by the Balance Sheet as at the accounts date and that the asset values have not been impaired.

The group has established a strong business in the M idlands over past 5 years and is now strategically selling further south with current opportunities in the South E ast of England.

Key performance indicators

It is important, especially as the group continues to be impacted by increased costs in its key production costs, that the group continues to improve the control of these day to day production costs and new working conditions, menus and customer offerings were introduced during the period under review and measured at each monthly management meeting.

The ongoing and current performance of the business by site is measured at the end of every trading week and compared to budgets, prior year incorporating factors such as trading days, sales per unit per day and sales per employee hour.

The director is pleased to report that all these indicators are showing steady trading as at the date of signing these accounts.

Results and dividends

The group generate d profits before tax of £198k, comparable to the profits generated in the previous year £996 k. This performance represents the ability of the group to trade profitably during ongoing challenging trading conditions, and also should be read in conjunction with additional trading costs of £1,0 93 k attributed to the additional 2 weeks up to the new financial year end of 31 st July 2025.

MELLORS CONSOLIDATED LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 3 -
Promoting the success of the group

As this is the third year as a Large Group, the Director and Senior Management Team have had regard to their S172 responsibilities and how the group has to act differently and focused on issues with the inclusion of all employees in the communication process.

As reported previously, the group implemented an internet-based staff communication system, two-way communication channels. This is provided highly successful with benefits to staff motivation and group culture. Short / long term sickness and staff absenteeism have all reduced, though cause and effect is hard to establish. Mellors launched an all-new website this year, bringing additional communication channels for all.

We look forward to sharing future success stories with all our 1,800 employees and 125,000 customers.

On behalf of the board

Mr M Timmerman
Director
4 February 2026
MELLORS CONSOLIDATED LIMITED
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 JULY 2025
- 4 -

The director presents his annual report and financial statements for the period ended 31 July 2025.

Principal activities

The principal activity of the company and group continued to be that of a cost centre.

Results and dividends

The results for the period are set out on page 11.

Ordinary dividends were paid amounting to £216,806. The director does not recommend payment of a further dividend.

Director

The director who held office during the period and up to the date of signature of the financial statements was as follows:

Mr M Timmerman
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

Auditor

In accordance with the company's articles, a resolution proposing that PM+M Solutions for Business LLP be reappointed as auditor of the group will be put at a General Meeting.

Energy and carbon report

Mellors Catering Services provides quality bespoke long term catering services on third party premises; predominantly primary schools, secondary schools and colleges. Energy usage and waste management on these premises sits with-in the domain of our clients. Mellors has responsibility to use these resources effectively.

To reduce use of disposables further, in this financial year the group moved to near zero use of single use sandwich boxes as we switched all our food production to bagels and baguettes served in reduced bio-degradable sleeves. This single innovation has removed 483,000 sandwiches wedges (pa) from landfill.

2025
2024
Energy consumption
kWh
kWh
Aggregate of energy consumption in the year
60,225
58,824
MELLORS CONSOLIDATED LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 5 -
2025
2024
Emissions of CO2 equivalent
metric tonnes
metric tonnes
- Fuel consumed for transport not owned by the group
117.73
120.12
Total gross emissions
117.73
120.12
Quantification and reporting methodology

The group has followed the 2019 HM Government Environmental Reporting Guidelines. The group has also used the GHG Reporting Protocol – Corporate Standard and have used the 2020 UK Government’s Conversion Factors for Company Reporting

Measures taken to improve energy efficiency

Improved work practices enabled the clos ure of our regional Sheffield office this fiscal year, relocating all resources centrally to Mellors Support Office (Skelmersdale). This promotes better communications and reduced energy use.

The group’s greatest opportunity for environmental protection is the education, habit forming and attitude nudging of the 125,000 young people we serve daily. We target on-site messages and promotions to influence Mellors customers approach to purchasing, food waste, waste segregation, life-style choices, method of transport to school etc.

Statement of director's responsibilities

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law, the director has prepared the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

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

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

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

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

MELLORS CONSOLIDATED LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 6 -
On behalf of the board
Mr M Timmerman
Director
4 February 2026
MELLORS CONSOLIDATED LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MELLORS CONSOLIDATED LIMITED
- 7 -
Opinion

We have audited the financial statements of Mellors Consolidated Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 July 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 31 July 2025 and of the group's profit for the period 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- T he information given in the strategic report and the director's r eport for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

MELLORS CONSOLIDATED LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MELLORS CONSOLIDATED LIMITED
- 8 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which 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 director

As explained more fully in the director's r esponsibilities s tatement, the director is 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 director determines is 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 director is responsible for assessing the group's and 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 director either intends to liquidate the group or parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's 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 an auditor's report 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 considered 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. 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.

MELLORS CONSOLIDATED LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MELLORS CONSOLIDATED LIMITED
- 9 -

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 have considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Group's 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;

- the matters discussed among the audit engagement team including significant component audit teams and involving relevant specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

- a ny matters we identified having obtained and reviewed the Group's 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 non-compliance;

  - 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.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals and complex transactions; and manipulating the Group's performance profit measures and other key performance indicators to meet remuneration targets and externally communicated targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety regulations, pensions legislation and tax legislation.

Audit response to risks identified

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;

- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and

- in addressing the identified risks 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.

Owing 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, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, 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 non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

MELLORS CONSOLIDATED LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MELLORS CONSOLIDATED LIMITED
- 10 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Johnson FCA
Senior statutory auditor
For and on behalf of PM+M Solutions for Business LLP
4 February 2026
Chartered Accountants
Statutory Auditor
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
MELLORS CONSOLIDATED LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 JULY 2025
- 11 -
Period
Year
ended
ended
31 July
27 July
2025
2024
Notes
£
£
Turnover
3
46,441,482
47,649,313
Distribution costs
(43,949,571)
(45,225,496)
Administrative expenses
(1,193,381)
(1,418,429)
Exceptional item
6
(1,092,803)
-
0
Operating profit
4
205,727
1,005,388
Interest payable and similar expenses
9
(7,305)
(8,990)
Profit before taxation
198,422
996,398
Tax on profit
10
(54,532)
(330,606)
Profit for the financial period
143,890
665,792
Profit for the financial period is all attributable to the owners of the parent company.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

MELLORS CONSOLIDATED LIMITED
GROUP BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 12 -
31 July 2025
27 July 2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
12
19,052
-
0
Tangible assets
13
100,831
52,010
Investments
14
202,339
-
0
322,222
52,010
Current assets
Stocks
16
585,951
544,860
Debtors falling due after more than one year
17
3,211,591
2,889,276
Debtors falling due within one year
17
4,280,430
6,477,328
Cash at bank and in hand
2,183,683
3,743,281
10,261,655
13,654,745
Creditors: amounts falling due within one year
18
(5,603,490)
(8,653,452)
Net current assets
4,658,165
5,001,293
Net assets
4,980,387
5,053,303
Capital and reserves
Called up share capital
22
1,000
1,000
Other reserves
23
(7,499,999)
(7,499,999)
Profit and loss reserves
12,479,386
12,552,302
Total equity
4,980,387
5,053,303
The financial statements were approved and signed by the director and authorised for issue on 4 February 2026
04 February 2026
Mr M Timmerman
Director
Company registration number 11351236 (England and Wales)
MELLORS CONSOLIDATED LIMITED
COMPANY BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 13 -
31 July 2025
27 July 2024
as restated
Notes
£
£
£
£
Fixed assets
Investments
14
7,702,339
7,500,000
Current assets
Debtors falling due after more than one year
17
2,890,554
2,537,893
Debtors falling due within one year
17
134,778
108,081
Cash at bank and in hand
-
0
4,194
3,025,332
2,650,168
Creditors: amounts falling due within one year
18
(4,142,792)
(3,348,406)
Net current liabilities
(1,117,460)
(698,238)
Net assets
6,584,879
6,801,762
Capital and reserves
Called up share capital
22
1,000
1,000
Profit and loss reserves
6,583,879
6,800,762
Total equity
6,584,879
6,801,762

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the year was £77 (2024 - £17,150 profit).

The financial statements were approved and signed by the director and authorised for issue on 4 February 2026
04 February 2026
Mr M Timmerman
Director
Company registration number 11351236 (England and Wales)
MELLORS CONSOLIDATED LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2025
- 14 -
Share capital
Other reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 28 July 2023
1,000
(7,499,999)
12,052,740
4,553,741
Year ended 27 July 2024:
Profit and total comprehensive income
-
-
665,792
665,792
Dividends
11
-
-
(166,230)
(166,230)
Balance at 27 July 2024
1,000
(7,499,999)
12,552,302
5,053,303
Period ended 31 July 2025:
Profit and total comprehensive income
-
-
143,890
143,890
Dividends
11
-
-
(216,806)
(216,806)
Balance at 31 July 2025
1,000
(7,499,999)
12,479,386
4,980,387
MELLORS CONSOLIDATED LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2025
- 15 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 28 July 2023
1,000
6,949,842
6,950,842
Year ended 27 July 2024:
Profit and total comprehensive income for the year
-
17,150
17,150
Dividends
11
-
(166,230)
(166,230)
Balance at 27 July 2024
1,000
6,800,762
6,801,762
Period ended 31 July 2025:
Profit and total comprehensive income
-
(77)
(77)
Dividends
11
-
(216,806)
(216,806)
Balance at 31 July 2025
1,000
6,583,879
6,584,879
MELLORS CONSOLIDATED LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 JULY 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
28
(580,628)
2,064,749
Interest paid
(7,305)
(8,990)
Income taxes paid
(337,877)
(289,808)
Net cash (outflow)/inflow from operating activities
(925,810)
1,765,951
Investing activities
Purchase of intangible assets
(20,413)
-
Purchase of tangible fixed assets
(65,181)
(37,633)
Net cash used in investing activities
(85,594)
(37,633)
Financing activities
Loans to related parties
(555,000)
(1,487,722)
Dividends paid to equity shareholders
(216,806)
(166,230)
Net cash used in financing activities
(771,806)
(1,653,952)
Net (decrease)/increase in cash and cash equivalents
(1,783,210)
74,366
Cash and cash equivalents at beginning of period
3,743,281
3,668,915
Cash and cash equivalents at end of period
1,960,071
3,743,281
Relating to:
Cash at bank and in hand
2,183,683
3,743,281
Bank overdrafts included in creditors payable within one year
(223,612)
-
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2025
- 17 -
1
Accounting policies
Company information

Mellors Consolidated Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is West Lancs Technology Management Centre White Moss Business Park, Moss Lane View, Skelmersdale, United Kingdom, WN8 9TN

The group consists of Mellors Consolidated Limited and all of its subsidiaries.

1.1
Reporting period

During the current financial year, the group changed its reporting date from 2 7 July to 31 July. This change was made to better align the financial reporting cycle with operational and strategic planning timelines.

In accordance with FRS 102 Section 3.3, the company has prepared financial statements for the extended period from 28 July 2024 to 31 July 2025, resulting in a financial year of 12 months and 4 days. Comparative figures relate to the previous 12-month period ending 2 7 July 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

1.3
Prior period reclassification

During the current year, management identified that amounts due from related parties totalling £2,537,893 had previously been classified as current assets. Upon review, it was determined that these balances are not expected to be settled within 12 months of the reporting date and should have been classified as non-current assets.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 18 -
1.4
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.5
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Mellors Consolidated Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 July 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.6
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.7
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue is recognised when services are delivered and the company has fulfilled its contractual obligation to the customer.

1.8
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 19 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% per annum straight line
1.9
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% per annum straight line
Motor vehicles
15% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.10
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.11
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

1.12
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 20 -
1.13
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.14
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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 m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.15
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 21 -
1.16
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.19
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the director is 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.

A source of estimation uncertainty is the bad debt provision but the directors have used their historical knowledge and customer payment terms to determine the provision. The directors do not believe there to be any other critical judgements or key sources of estimation uncertainty.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 22 -
3
Turnover

All turnover arose from the provision of catering services and within the United Kingdom.

4
Operating profit
2025
2024
£
£
Operating profit for the period is stated after charging:
Depreciation of tangible fixed assets
16,360
11,832
Amortisation of intangible assets
1,361
-
Operating lease charges
149,359
135,128
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
5,610
2,100
Audit of the financial statements of the company's subsidiaries
22,594
17,066
28,204
19,166
For other services
All other non-audit services
2,640
3,600
6
Exceptional item
2025
2024
£
£
Expenditure
Exceptional item
1,092,803
-

During the financial year, the group experienced an extended year-end period extending past the mandated school shutdown. This resulted in a temporary cessation of normal operations, during which the group did not generate income. A review has been carried out however to identify costs incurred in this shut down period, identifying a period of expenditure amounting to £1,092,803.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 23 -
7
Employees

The average monthly number of persons (including directors) employed by the group and company during the period was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Catering services
1,674
1,775
17
17
Directors
1
2
1
2
Total
1,675
1,777
18
19

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
23,352,327
22,364,860
600,058
672,374
Social security costs
1,453,268
1,208,850
60,671
48,623
Pension costs
1,692,199
1,990,275
32,511
72,758
26,497,794
25,563,985
693,240
793,755
8
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
20,285
18,192
Company pension contributions to defined contribution schemes
-
60,000
20,285
78,192

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 1).

9
Interest payable and similar expenses
2025
2024
£
£
Other interest
7,305
8,990
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 24 -
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
21,243
262,355
Adjustments in respect of prior periods
-
0
81,480
Total current tax
21,243
343,835
Deferred tax
Origination and reversal of timing differences
33,289
(13,229)
Total tax charge
54,532
330,606

The actual charge for the period can be reconciled to the expected charge for the period based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
198,422
996,398
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
49,606
249,100
Tax effect of expenses that are not deductible in determining taxable profit
5,062
1,192
Adjustments in respect of prior years
-
0
81,480
Other timing differences
(136)
-
0
Other items
-
0
(1,166)
Taxation charge
54,532
330,606
11
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
216,806
166,230
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 25 -
12
Intangible fixed assets
Group
Software
£
Cost
At 28 July 2024
-
0
Additions
20,413
At 31 July 2025
20,413
Amortisation and impairment
At 28 July 2024
-
0
Amortisation charged for the period
1,361
At 31 July 2025
1,361
Carrying amount
At 31 July 2025
19,052
At 27 July 2024
-
0
The company had no intangible fixed assets at 31 July 2025 or 27 July 2024.
13
Tangible fixed assets
Group
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 28 July 2024
37,633
21,990
59,623
Additions
-
0
65,181
65,181
At 31 July 2025
37,633
87,171
124,804
Depreciation and impairment
At 28 July 2024
-
0
7,613
7,613
Depreciation charged in the period
8,685
7,675
16,360
At 31 July 2025
8,685
15,288
23,973
Carrying amount
At 31 July 2025
28,948
71,883
100,831
At 27 July 2024
37,633
14,377
52,010
The company had no tangible fixed assets at 31 July 2025 or 27 July 2024.
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 26 -
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
7,500,000
7,500,000
Loans
202,339
-
0
202,339
-
0
202,339
-
0
7,702,339
7,500,000

During the year, the Company discounted a long-term loan to Double Dutch Hotels Limited, a related party by virtue of directorship, to its present value, resulting in a reduction of the receivable by £202,339. This adjustment has been recogni s ed as an individual loan investment in the related party.

Movements in fixed asset investments
Group
Loans
£
Cost or valuation
At 28 July 2024
-
Valuation changes
202,339
At 31 July 2025
202,339
Carrying amount
At 31 July 2025
202,339
At 27 July 2024
-
Movements in fixed asset investments
Company
Shares in subsidiaries
Loans
Total
£
£
£
Cost or valuation
At 28 July 2024
7,500,000
-
7,500,000
Valuation changes
-
202,339
202,339
At 31 July 2025
7,500,000
202,339
7,702,339
Carrying amount
At 31 July 2025
7,500,000
202,339
7,702,339
At 27 July 2024
7,500,000
-
7,500,000
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 27 -
15
Subsidiaries

Details of the company's subsidiaries at 31 July 2025 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Mellors Catering Services Limited
United Kingdom
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1
West Lancs Technology Centre, Moss Lane View, Skelmersdale, Lancashire, WN8 5PE, United Kingdom
16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
585,951
544,860
-
0
-
0
17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
3,104,039
4,553,678
-
0
5,014
Corporation tax recoverable
54,501
-
0
-
0
-
0
Other debtors
638,196
677,758
375
6,944
Prepayments and accrued income
380,384
1,109,293
101,956
64,239
4,177,120
6,340,729
102,331
76,197
Deferred tax asset (note 20)
103,310
136,599
32,447
31,884
4,280,430
6,477,328
134,778
108,081
Amounts falling due after more than one year:
Amount owed by related parties
2,890,554
2,537,893
2,890,554
2,537,893
Other debtors
321,037
351,383
-
0
-
0
3,211,591
2,889,276
2,890,554
2,537,893
Total debtors
7,492,021
9,366,604
3,025,332
2,645,974
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 28 -
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
19
223,612
-
0
223,612
-
0
Trade creditors
2,189,916
3,036,837
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
3,592,455
3,092,576
Corporation tax payable
640
262,773
640
522
Other taxation and social security
596,436
681,859
16,873
14,704
Other creditors
1,509,627
3,522,653
2,533
6,256
Accruals and deferred income
1,083,259
1,149,330
306,679
234,348
5,603,490
8,653,452
4,142,792
3,348,406

Amounts owed to group undertakings are interest free and repayable on demand.

19
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank overdrafts
223,612
-
0
223,612
-
0
Payable within one year
223,612
-
0
223,612
-
0

As at 31 July 2025, the Group had a bank overdraft facility with National Westminster Bank PLC, which was utili s ed to the extent of £223,612. The overdraft is repayable on demand and is secured by a fixed and floating charge over all assets of the company.

The overdraft has been classified within current liabilities in the consolidated statement of financial position.

20
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Assets
Assets
2025
2024
Group
£
£
Accelerated capital allowances
(22,449)
(4,937)
Tax losses
1,814
-
Retirement benefit obligations
123,945
109,984
Short term timing differences
-
31,552
103,310
136,599
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
20
Deferred taxation
(Continued)
- 29 -
Assets
Assets
2025
2024
Company
£
£
Accelerated capital allowances
-
332
Tax losses
1,814
-
Retirement benefit obligations
30,633
-
Short term timing differences
-
31,552
32,447
31,884
Group
Company
2025
2025
Movements in the period:
£
£
Asset at 28 July 2024
(136,599)
(31,884)
Charge/(credit) to profit or loss
33,289
(563)
Asset at 31 July 2025
(103,310)
(32,447)

An unknown amount of the deferred tax asset is expected to reverse in the 12 months following the end of the accounting period. This relates to unpaid pension contributions due to delays of pension scheme set up from councils out of the control of Mellors Catering Services Limited.

21
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,692,199
1,990,275

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

Contributions totalling £595,154 (2024: £7 45,836) were payable to the fund at the balance sheet date.

22
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
Ordinary B of £1 each
600
600
600
600
Ordinary C of £1 each
300
300
300
300
1,000
1,000
1,000
1,000
MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
22
Share capital
(Continued)
- 30 -

Subsequent to the year-end, the company undertook a redesignation of its share capital. On 30 September 2025, following shareholder approval via an ordinary resolution, 50 A O rdinary S hares of £1 each were redesignated into 50 D Ordinary Shares with revised rights attached.

23
Reserves
Other reserve

This relates to the application of merger accounting, with regards to previous acquisition of Mellors Catering Services.

24
Financial commitments, guarantees and contingent liabilities

The group h as an unlimited guarantee with Double Dutch Hotels Limited, a related party, This guarantee is secured by a fixed and floating charge held by National Westminster Bank over all fixed and current assets of the company. The outstanding borrowings at year end w ere £8.2 m.

The company is part of a VAT group registration under HMRC, with members of the Double Dutch Hotels Limited group acting as the representative member. Under the VAT group arrangement, all members are jointly and severally liable for any VAT liabilities arising within the group. As such, Mellors Consolidated Limited may be liable for VAT debts incurred by other group members, even if it did not directly generate the taxable supplies. At the balance sheet date, the total VAT liability of the group was £496,052. No provision has been made for potential liabilities arising from other group members, as management considers the risk of material exposure to be remote.

25
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
306,655
356,068
Other information

At the year end, amounts due to the group from entities related by common control, totalled £3,092,893 (202 4: £2,537,893).

At the year end, amounts due from the group to entities related by common control, totalled £404,849 (2024: £26,574).

These loans are interest free and repayable on demand.

26
Controlling party

The ultimate controlling party of the company is Mr M Timmerman.

MELLORS CONSOLIDATED LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 31 -
27
Analysis of changes in net funds - group
28 July 2024
Cash flows
31 July 2025
£
£
£
Cash at bank and in hand
3,743,281
(1,559,598)
2,183,683
Bank overdrafts
-
0
(223,612)
(223,612)
3,743,281
(1,783,210)
1,960,071
28
Cash (absorbed by)/generated from group operations
2025
2024
£
£
Profit after taxation
143,890
665,792
Adjustments for:
Taxation charged
54,532
330,606
Finance costs
7,305
8,990
Amortisation and impairment of intangible assets
1,361
-
Depreciation and impairment of tangible fixed assets
16,360
11,832
Movements in working capital:
Increase in stocks
(41,091)
(24,513)
Decrease/(increase) in debtors
2,248,456
(302,748)
(Decrease)/increase in creditors
(3,011,441)
1,374,790
Cash (absorbed by)/generated from operations
(580,628)
2,064,749
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