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REGISTERED NUMBER: 06636445 (England and Wales)

| B & R GALLAGHER (HOLDINGS) LIMITED |

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND |

| UNAUDITED |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST OCTOBER 2025 |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

| Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Director | 3 |

Consolidated Income Statement | 4 |

Consolidated Other Comprehensive Income | 5 |

Consolidated Balance Sheet | 6 |

Company Balance Sheet | 7 |  | to |  | 8

Consolidated Statement of Changes in Equity | 9 |

Company Statement of Changes in Equity | 10 |

Consolidated Cash Flow Statement | 11 |

Notes to the Consolidated Cash Flow Statement | 12 |

Notes to the Consolidated Financial Statements | 13 |  | to |  | 22

B & R GALLAGHER (HOLDINGS) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2025

| DIRECTOR: | B L Gallagher

| SECRETARY: | R H Gallagher

| REGISTERED OFFICE: | Rushpool House

| Unit 1

| Knowsthorpe Approach, Cross Green

| Leeds

| LS9 0DW

| REGISTERED NUMBER: | 06636445 (England and Wales)

| ACCOUNTANTS: | Thomas Coombs Limited

| Chartered Accountants

| 3365 The Pentagon

| Century Way

| Thorpe Park

| Leeds

| West Yorkshire

| LS15 8ZB

| BANKERS: | HSBC Bank Plc

| 33 Park Row

| Leeds

| West Yorkshire

| LS1 1LD

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31ST OCTOBER 2025

The director presents his strategic report of the company and the group for the year ended 31st October 2025.

REVIEW OF BUSINESS

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.

The review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

Uncertainty around changes in the economy and legislation has caused business to slow in the 2025 year, however business is expected to increase over the following financial year.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the group's strategy are subject to a number of risks.

The key business risks and uncertainties effecting the group are considered to include

- the overall uncertain construction sector driven by "cost of living crisis" and interest rates;

- other input costs covering both payroll and overheads

The management team has a close working relationship with key suppliers and workforce and this contributes to a reliable supply of materials and labour.

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future and the stability to take advantage of opportunities should they arise. For this reason, it continues to adopt the going concern basis in preparing the financial statements.

FUTURE OUTLOOK

The company starts the next financial year with a strong financial base, net assets of £3.7m.

The company has experienced consistency in sales which is expected to continue into future years. Work has started on new sites and new phases have been started on existing sites. The company regularly reviews resource requirements in accordance with expected demand.

KEY PERFORMANCE INDICATORS

The directors consider revenue, gross profit margin and EBITDA margins to be the core KPIs for the As we group. As we can see below revenue, gross profit margin and EBITDA have all increased in the year which is reflective of the company's strong performance in the year.

| 2025 |  | 2024 |  |

Revenue |  | £14.42m |  | £14.32m |  |

Gross profit margin |  | 24.01% |  | 28.42% |  |

EBITDA |  | £2.29m |  | £2.89m |  |

ON BEHALF OF THE BOARD:

B L Gallagher - Director

9th February 2026

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31ST OCTOBER 2025

The director presents his report with the financial statements of the company and the group for the year ended 31st October 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31st October 2025.

DIRECTOR

The directors during the year under review were:

B Gallagher

ON BEHALF OF THE BOARD:

B L Gallagher - Director

9th February 2026

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 31ST OCTOBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 14,418,986 |  | 14,319,447 |  |

Cost of sales | 10,728,924 |  | 10,250,456 |  |

GROSS PROFIT | 3,690,062 |  | 4,068,991 |  |

Administrative expenses | 1,923,831 |  | 1,706,737 |  |

OPERATING PROFIT | 4 | 1,766,231 |  | 2,362,254 |  |

Interest receivable and similar income | 5 | 41,231 |  | 48,532 |  |

1,807,462 |  | 2,410,786 |  |

Interest payable and similar expenses | 6 | 54,166 |  | 43,832 |  |

PROFIT BEFORE TAXATION | 1,753,296 |  | 2,366,954 |  |

Tax on profit | 7 | 438,624 |  | 1,022,896 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,314,672 |  | 1,344,058 |  |

Profit attributable to:

Owners of the parent | 1,314,672 |  | 1,344,058 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31ST OCTOBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,314,672 |  | 1,344,058 |  |

OTHER COMPREHENSIVE INCOME |

Deferred tax on revaluation | - |  | 435,721 |  |

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

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | 435,721 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,314,672 |  | 1,779,779 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,314,672 |  | 1,779,779 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

CONSOLIDATED BALANCE SHEET

31ST OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 1,894,317 |  | 1,782,569 |  |

Investments | 10 | - |  | - |  |

1,894,317 |  | 1,782,569 |  |

CURRENT ASSETS

Debtors | 11 | 2,451,626 |  | 2,681,631 |  |

Cash at bank | 1,949,595 |  | 2,647,170 |  |

4,401,221 |  | 5,328,801 |  |

CREDITORS

Amounts falling due within one year | 12 | 1,789,093 |  | 3,016,002 |  |

NET CURRENT ASSETS | 2,612,128 |  | 2,312,799 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,506,445 |  | 4,095,368 |  |

CREDITORS

Amounts falling due after more than one year | 13 | (313,577 | ) | (248,841 | ) |

PROVISIONS FOR LIABILITIES | 16 | (445,288 | ) | (413,619 | ) |

NET ASSETS | 3,747,580 |  | 3,432,908 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 100 |  | 100 |  |

Retained earnings | 18 | 3,747,480 |  | 3,432,808 |  |

SHAREHOLDERS' FUNDS | 3,747,580 |  | 3,432,908 |  |

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

The financial statements were approved by the director and authorised for issue on 9th February 2026 and were signed by:

B L Gallagher - Director

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

COMPANY BALANCE SHEET

31ST OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 922,201 |  | 976,059 |  |

Investments | 10 | 2 |  | 2 |  |

922,203 |  | 976,061 |  |

CURRENT ASSETS

Debtors | 11 | 135,030 |  | 463,856 |  |

Cash at bank | 487,940 |  | 300,470 |  |

622,970 |  | 764,326 |  |

CREDITORS

Amounts falling due within one year | 12 | 29,715 |  | 450,262 |  |

NET CURRENT ASSETS | 593,255 |  | 314,064 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,515,458 |  | 1,290,125 |  |

PROVISIONS FOR LIABILITIES | 16 | 208,858 |  | 219,013 |  |

NET ASSETS | 1,306,600 |  | 1,071,112 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 100 |  | 100 |  |

Revaluation reserve | 869,923 |  | 879,373 |  |

Retained earnings | 436,577 |  | 191,639 |  |

SHAREHOLDERS' FUNDS | 1,306,600 |  | 1,071,112 |  |

Company's profit for the financial year | 1,006,421 |  | 1,261,118 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

COMPANY BALANCE SHEET - continued

31ST OCTOBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 9th February 2026 and were signed by:

B L Gallagher - Director

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST OCTOBER 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1st November 2023 | 100 |  | 3,345,864 |  | 1,307,165 |  | 4,653,129 |  |

Changes in equity

Total comprehensive income | - |  | 3,086,944 |  | (1,307,165 | ) | 1,779,779 |  |

Contributions | - |  | (3,000,000 | ) | - |  | (3,000,000 | ) |

Balance at 31st October 2024 | 100 |  | 3,432,808 |  | - |  | 3,432,908 |  |

Changes in equity

Total comprehensive income | - |  | 1,314,672 |  | - |  | 1,314,672 |  |

Contributions | - |  | (1,000,000 | ) | - |  | (1,000,000 | ) |

Balance at 31st October 2025 | 100 |  | 3,747,480 |  | - |  | 3,747,580 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST OCTOBER 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1st November 2023 | 100 |  | 1,321,937 |  | 1,095,231 |  | 2,417,268 |  |

Changes in equity

Total comprehensive income | - |  | 1,869,702 |  | (215,858 | ) | 1,653,844 |  |

Contributions | - |  | (3,000,000 | ) | - |  | (3,000,000 | ) |

Balance at 31st October 2024 | 100 |  | 191,639 |  | 879,373 |  | 1,071,112 |  |

Changes in equity

Total comprehensive income | - |  | 1,244,938 |  | (9,450 | ) | 1,235,488 |  |

Contributions | - |  | (1,000,000 | ) | - |  | (1,000,000 | ) |

Balance at 31st October 2025 | 100 |  | 436,577 |  | 869,923 |  | 1,306,600 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST OCTOBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,817,077 |  | 2,558,383 |  |

Interest paid | (13,211 | ) | (16,174 | ) |

Interest element of hire purchase payments paid | (40,955 | ) | (27,658 | ) |

Tax paid | (1,050,639 | ) | (771,725 | ) |

Net cash from operating activities | 712,272 |  | 1,742,826 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (94,635 | ) | (485,467 | ) |

Sale of tangible fixed assets | 36,172 |  | 2,170,736 |  |

Interest received | 41,231 |  | 48,532 |  |

Net cash from investing activities | (17,232 | ) | 1,733,801 |  |

Cash flows from financing activities

Capital repayments in year | (392,615 | ) | (61,036 | ) |

Contributions | (1,000,000 | ) | (3,000,000 | ) |

Net cash from financing activities | (1,392,615 | ) | (3,061,036 | ) |

(Decrease)/increase in cash and cash equivalents | (697,575 | ) | 415,591 |  |

Cash and cash equivalents at beginning of year | 2 | 2,647,170 |  | 2,231,579 |  |

Cash and cash equivalents at end of year | 2 | 1,949,595 |  | 2,647,170 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST OCTOBER 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,753,296 |  | 2,366,954 |  |

| Depreciation charges | 508,108 |  | 478,261 |  |

| Profit on disposal of fixed assets | (40,893 | ) | (106,383 | ) |

| Finance costs | 54,166 |  | 43,832 |  |

| Finance income | (41,231 | ) | (48,532 | ) |

2,233,446 |  | 2,734,132 |  |

| Decrease/(increase) in trade and other debtors | 230,005 |  | (330,500 | ) |

| (Decrease)/increase in trade and other creditors | (646,374 | ) | 154,751 |  |

| Cash generated from operations | 1,817,077 |  | 2,558,383 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31st October 2025

| 31/10/25 |  | 1/11/24

£ | £ |

| Cash and cash equivalents | 1,949,595 |  | 2,647,170 |  |

| Year ended 31st October 2024

| 31/10/24 |  | 1/11/23

£ | £ |

| Cash and cash equivalents | 2,647,170 |  | 2,231,579 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1/11/24 | Cash flow | changes | At 31/10/25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 2,647,170 |  | (697,575 | ) | 1,949,595 |  |

2,647,170 |  | (697,575 | ) | 1,949,595 |  |

| Debt

| Finance leases | (495,364 | ) | 392,615 |  | (433,569 | ) | (623,249 | ) |

(495,364 | ) | 392,615 |  | (433,569 | ) | (623,249 | ) |

| Total | 2,151,806 |  | (304,960 | ) | (433,569 | ) | 1,326,346 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

1. | STATUTORY INFORMATION

| B & R Gallagher (Holdings) Limited is a company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information on page 1 of these financial statements.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

| Turnover

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

| Revenue is recognised based on accruals accounting. Recognition is based on completion of work.

| Tangible fixed assets

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

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

| Plant and machinery |  | -15% on cost |  |

| Office equipment |  | -25% on cost |  |

| Motor vehicles |  | -25% on cost |  |

| Freehold property |  | -2% on cost |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

| Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

| Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

| Financial assets and liabilities are offset, with the net amount reported 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

| Pension costs and other post-retirement benefits

| The 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.

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 558,813 |  | 588,767 |  |

| Social security costs | 62,357 |  | 63,826 |  |

| Other pension costs | 154,684 |  | 143,333 |  |

775,854 |  | 795,926 |  |

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

| 2025 |  | 2024

| Employees | 11 |  | 10 |  |

| Directors | 1 |  | 1 |  |

12 |  | 11 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 12 (2024 - 11 ) .

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 30,752 |  | 49,238 |  |

| Director's pension contributions to money purchase schemes | 53,200 |  | 54,000 |  |

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

| Money purchase schemes | 1 |  | 1 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Other operating leases | 111,500 |  | 115,265 |  |

| Depreciation - owned assets | 273,648 |  | 224,781 |  |

| Depreciation - assets on hire purchase contracts | 234,460 |  | 253,481 |  |

| Profit on disposal of fixed assets | (40,893 | ) | (106,383 | ) |

| Auditors' remuneration

| - parent | 7,310 |  | 5,868 |  |

| Auditors' remuneration

| - subsidiary | 11,700 |  | 13,630 |  |

5. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 16,708 |  | 19,693 |  |

| Interest received | 24,523 |  | 28,839 |  |

41,231 |  | 48,532 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Interest payable | 13,211 |  | 16,174 |  |

| Hire purchase | 40,955 |  | 27,658 |  |

54,166 |  | 43,832 |  |

7. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 406,955 |  | 1,005,553 |  |

| Deferred tax | 31,669 |  | 17,343 |  |

| Tax on profit | 438,624 |  | 1,022,896 |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,753,296 |  | 2,366,954 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 438,324 |  | 591,739 |  |

| Effects of:

| Assets |

| Losses B/Fwd Utilised | (40 | ) | - |  |

| Movement through OCI | - |  | 435,721 |  |

| Disallowable Expenses | 340 |  | 676 |  |

| Indexation | - |  | (5,240 | ) |

| Total tax charge | 438,624 |  | 1,022,896 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 31st October 2025.

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Deferred tax on revaluation | 435,721 |  | - |  | 435,721 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

8. | INDIVIDUAL INCOME STATEMENT

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

9. | TANGIBLE FIXED ASSETS

| Group

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st November 2024 | 2,693,406 |  | 729,203 |  | 123,769 |  | 3,546,378 |  |

| Additions | 325,499 |  | 277,460 |  | 12,176 |  | 615,135 |  |

| Disposals | (19,297 | ) | (9,390 | ) | (3,510 | ) | (32,197 | ) |

| At 31st October 2025 | 2,999,608 |  | 997,273 |  | 132,435 |  | 4,129,316 |  |

| DEPRECIATION

| At 1st November 2024 | 1,225,637 |  | 486,402 |  | 51,770 |  | 1,763,809 |  |

| Charge for year | 338,287 |  | 141,298 |  | 28,523 |  | 508,108 |  |

| Eliminated on disposal | (28,664 | ) | (4,744 | ) | (3,510 | ) | (36,918 | ) |

| At 31st October 2025 | 1,535,260 |  | 622,956 |  | 76,783 |  | 2,234,999 |  |

| NET BOOK VALUE

| At 31st October 2025 | 1,464,348 |  | 374,317 |  | 55,652 |  | 1,894,317 |  |

| At 31st October 2024 | 1,467,769 |  | 242,801 |  | 71,999 |  | 1,782,569 |  |

| Included in the total net book value of tangible fixed assets was £1,241,078 (2024: £984,917) in respect of assets held under finance leases.

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

9. | TANGIBLE FIXED ASSETS - continued

| Company

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1st November 2024 | 1,341,394 |  | 221,935 |  | 119,376 |  | 1,682,705 |  |

| Additions | 1 |  | 1 |  | 1 |  | 3 |  |

| Disposals | (19,297 | ) | (9,390 | ) | (3,510 | ) | (32,197 | ) |

| Revaluations | 161,293 |  | 53,122 |  | 11,507 |  | 225,922 |  |

| At 31st October 2025 | 1,483,391 |  | 265,668 |  | 127,374 |  | 1,876,433 |  |

| DEPRECIATION

| At 1st November 2024 | 525,783 |  | 133,485 |  | 47,378 |  | 706,646 |  |

| Charge for year | 201,210 |  | 40,815 |  | 27,855 |  | 269,880 |  |

| Eliminated on disposal | (14,039 | ) | (4,745 | ) | (3,510 | ) | (22,294 | ) |

| At 31st October 2025 | 712,954 |  | 169,555 |  | 71,723 |  | 954,232 |  |

| NET BOOK VALUE

| At 31st October 2025 | 770,437 |  | 96,113 |  | 55,651 |  | 922,201 |  |

| At 31st October 2024 | 815,611 |  | 88,450 |  | 71,998 |  | 976,059 |  |

| Cost or valuation at 31st October 2025 is represented by:

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | 141,997 |  | 43,733 |  | 7,998 |  | 193,728 |  |

| Valuation in 2024 | 241,093 |  | 25,956 |  | 53,477 |  | 320,526 |  |

| Valuation in 2023 | 184,910 |  | 18,630 |  | 2,527 |  | 206,067 |  |

| Valuation in 2022 | 303,753 |  | 75,412 |  | 10,490 |  | 389,655 |  |

| Valuation in 2021 | 172,694 |  | 43,260 |  | 40,646 |  | 256,600 |  |

| Valuation in 2020 | 83,871 |  | 25,045 |  | 3,666 |  | 112,582 |  |

| Valuation in 2019 | 93,855 |  | 24,741 |  | 3,157 |  | 121,753 |  |

| Cost | 261,218 |  | 8,891 |  | 5,413 |  | 275,522 |  |

1,483,391 |  | 265,668 |  | 127,374 |  | 1,876,433 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

10. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1st November 2024

| and 31st October 2025 | 2 |  |

| NET BOOK VALUE

| At 31st October 2025 | 2 |  |

| At 31st October 2024 | 2 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 1,993,811 |  | 2,516,785 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 135,030 |  | 437,198 |  |

| VAT | 157,815 |  | 164,846 |  | - |  | 26,658 |  |

| Prepayments and accrued income | 300,000 |  | - |  | - |  | - |  |

2,451,626 |  | 2,681,631 |  | 135,030 |  | 463,856 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Hire purchase contracts (see note 14) | 309,672 |  | 246,523 |  | - |  | - |  |

| Trade creditors | 1,127,629 |  | 1,719,472 |  | 1,134 |  | 238 |  |

| Corporation Tax | 161,869 |  | 805,553 |  | 21,931 |  | 447,028 |  |

| Social security and other taxes | 32,882 |  | 36,338 |  | - |  | - |  |

| VAT | - |  | - |  | 3,655 |  | - |  |

| Accruals and deferred income | 157,041 |  | 208,116 |  | 2,995 |  | 2,996 |  |

1,789,093 |  | 3,016,002 |  | 29,715 |  | 450,262 |  |

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

| Group |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 14) | 313,577 |  | 248,841 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

14. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 309,672 |  | 246,523 |  |

| Between one and five years | 313,577 |  | 248,841 |  |

623,249 |  | 495,364 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 120,837 |  | 120,837 |  |

| Between one and five years | 467,820 |  | 486,494 |  |

| In more than five years | 315,917 |  | 427,417 |  |

904,574 |  | 1,034,748 |  |

| Company

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 111,500 |  | 111,500 |  |

| Between one and five years | 446,000 |  | 446,000 |  |

| In more than five years | 315,917 |  | 427,417 |  |

873,417 |  | 984,917 |  |

15. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 623,249 |  | 495,364 |  |

| The secured debts above are secured by the assets that they relate to.

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

16. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax | 445,288 |  | 413,619 |  | 208,858 |  | 219,013 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1st November 2024 | 413,619 |  |

| Provided during year | 31,669 |  |

| Balance at 31st October 2025 | 445,288 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1st November 2024 | 219,013 |  |

| Credit to Income Statement during year | (10,155 | ) |

| Balance at 31st October 2025 | 208,858 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

18. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1st November 2024 | 3,432,808 |  |

| Profit for the year | 1,314,672 |  |

| Contributions | (1,000,000 | ) |

| At 31st October 2025 | 3,747,480 |  |

B & R GALLAGHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 06636445)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

18. | RESERVES - continued

| Company

| Revaluation

| reserve

£ |

| At 1st November 2024 | 879,373 |  |

| Revaluation of fixed assets | 225,922 |  |

| Retained earnings transfer | (238,517 | ) |

| Deferred tax | 3,145 |  |

| At 31st October 2025 | 869,923 |  |

| Retained |  |

| Earnings |  |

| £ |  |

| At 1st November 2024 |  | 191,639 |  |

| Profit for the year |  | 1,006,421 |  |

| Contributions |  | (1,000,000 | ) |

| Revaluation reserve transfer |  | 238,517 |  |

| At 31st October 2025 |  | 436,577 |  |

| Retained earnings

| The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

| Revaluation reserves

| The revaluation reserve represents the cumulate effect of revaluations of tangible fixed assets where a policy of revaluation has been adopted.

19. | PENSION COMMITMENTS

| The group contributes to defined contribution pension schemes. The pension cost charged for the year represents contributions payable by the group to the schemes and amounted to £154,684 (2024 £144,321)

20. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is B. Gallagher Trustee Limited.