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REGISTERED NUMBER: 10870737 (England and Wales)

| SIMPSONS HOLDINGS LIMITED |

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Consolidated Statement of Income and Retained Earnings | 8 |

| Consolidated Balance Sheet | 9 |

| Company Balance Sheet | 10 |

| Consolidated Cash Flow Statement | 11 |

| Notes to the Consolidated Cash Flow Statement | 12 |

| Notes to the Consolidated Financial Statements | 13 |

| SIMPSONS HOLDINGS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | A Simpson

| A Simpson

| C Simpson

| G Simpson

| H Simpson

| J Simpson

| J Simpson

| K G Simpson

| M Simpson

| K Simpson

| SECRETARY: | J Simpson

| REGISTERED OFFICE: | Unit 1 Chiswick Grove

| Blackpool

| Lancashire

| FY3 9EU

| REGISTERED NUMBER: | 10870737 (England and Wales)

| AUDITORS: | Rushtons

| Chartered Accountants

| Statutory Auditors

| Avroe House

| Avroe Crescent

| Blackpool Business Park

| Blackpool

| Lancashire

| FY4 2DP

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

REVIEW OF BUSINESS

The company is that of a holding company, with one subsidiary, Simpsons Beverage Supply Company Limited. This report is written from the Group's perspective, although it is largely representative of the results of the subsidiary company. The subsidiary company provides services to the drinks industry, which include the innovation, manufacture and supply of a wide variety of flavours of drinks. We are based in the North West of England and our services are available nationwide and overseas.

We have maintained and built on our turnover and gross profit from a solid base of 2024. We continue to invest in personnel to support growth, and in 2025 we saw growth in both turnover ans gross profit. The group intends to continue investment to support future growth into 2026 and beyond. Our commitment to quality, innovation, and sustainability continues to drive our success and future growth.

Accreditations

We have a strong culture of quality and have retained our BRCGS Global Food Safety Standard certification over both sites, demonstrating our ongoing commitment to high standards in food safety and operations.

Our ISO 9001 certification reflects our dedication to quality management principles, ensuring we consistently meet customer and regulatory requirements.

We have retained our Investors in People Platinum accreditation. This prestigious recognition reflects our commitment to leading, supporting, and managing people well for sustainable results. It underscores our dedication to continuous improvement and excellence in people management.

Charitable Activities and Community Engagement

We remain committed to our charitable activities, encouraging staff participation in fundraising and community service initiatives. This not only enhances our corporate social responsibility profile but also fosters a positive and engaged workforce.

Key Performance Indicators:

The group measures its performance by monitoring performance against an annual and monthly budget. Monthly management accounts are produced, comparing actual performance to both budget and last years results. The below constitutes the key performance indicators used within the group.

| 2025 |  | 2024 |  | % Change |

| £ |  | £ |  |

Turnover |  | 21,646 |  | 20,424 |  | 6% |

Gross Profit |  | 8,835 |  | 8,365 |  | 6% |

Profit before tax |  | 3,111 |  | 3,281 |  | (5%) |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have considered the principal risks and uncertainties which face the business and are satisfied they have systems in place to address these risks. These matters are reviewed at regular board meetings.

Supply Chain Stability

We are open to potential supply disruptions caused by geopolitical events such as the Ukraine war, Israel/Palestine conflict, and disruptions in the Red Sea. Despite these global supply chain challenges, we have maintained stability in our supply lines by increasing our holding of critical ingredients in stock. This strategic stockpiling safeguards our customers from the effects of this supply chain disruption.

Health and Safety

The company operates under stringent food safety regulations, as such the risk is always posed of a breach of these regulations. The directors review the regulations monthly, and ensure that for each a safeguard has been implemented. This provides assurance that the company is compliant with all regulatory requirements.

Credit Risks

Credit checks are performed where possible on all customers to mitigate the credit risks that arise on credit extensions to customers. The directors have no concern in this capacity.

ON BEHALF OF THE BOARD:

A Simpson - Director

18 March 2026

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

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

DIVIDENDS

Dividends have been paid during the year amounting to £2,060,719 (2024: £1,903,909).

RESEARCH AND DEVELOPMENT

The group continues to develop new flavours and types of beverages in their laboratory. Over the past two years, we have heavily invested in our New Product Development (NPD) team, doubling its capacity. This investment underscores our commitment to innovation and our focus on bringing new, high-quality products to the market.

FUTURE DEVELOPMENTS

The strategic developments and achievements of the past years position us strongly for future growth. Our expanded production capacity, robust supply chain, investment in innovation, and commitment to quality and sustainability will continue to drive our success. We remain focused on leveraging these strengths to meet the evolving needs of our customers and stakeholders. By focusing on these areas, we aim to sustain our growth trajectory and reinforce our market leadership. The strategic report highlights our dedication to quality, innovation, and sustainability, setting a solid foundation for continued success in the coming years.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

A Simpson

A Simpson

C Simpson

G Simpson

H Simpson

J Simpson

J Simpson

K G Simpson

M Simpson

K Simpson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITORS

The auditors, Rushtons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Simpson - Director

18 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SIMPSONS HOLDINGS LIMITED

Opinion

We have audited the financial statements of Simpsons Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SIMPSONS HOLDINGS LIMITED

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Identifying and assessing potential risks related to irregularities

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered a number of issues, such as the nature of the group's industry, their control environment and business performance. We also discussed amongst our engagement team how and where fraud might occur and any potential indicators of fraud.

We obtained an understanding of the legal and regulatory framework that the group operates in and focussed our attention on any laws and regulations which might be considered as "showstoppers". We also looked at internal controls in place at the group, established to mitigate risks related to fraud or non-compliance with laws and regulations.

In response to other identified risks, we reviewed the financial statement disclosures, we made enquiries of the group as to potential litigation and claims, we performed analytical procedures to look for unusual trends or unexpected relationships and we read any available meeting minutes.

We also addressed the risk of fraud through management override of controls by testing appropriate journal entries and other adjustments. We also assessed accounting estimates and considered any significant transactions that might be considered unusual in the normal course of business.

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

Use of our report

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

Adam Calvert FCA (Senior Statutory Auditor)

for and on behalf of Rushtons

Chartered Accountants

Statutory Auditors

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

19 March 2026

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

CONSOLIDATED

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 21,646,354 |  | 20,423,991 |  |

Cost of sales | 12,811,655 |  | 12,059,408 |  |

GROSS PROFIT | 8,834,699 |  | 8,364,583 |  |

Administrative expenses | 5,403,188 |  | 4,882,053 |  |

3,431,511 |  | 3,482,530 |  |

Other operating income | 16,732 |  | 35,546 |  |

OPERATING PROFIT | 5 | 3,448,243 |  | 3,518,076 |  |

Interest receivable and similar income | (37,123 | ) | 59,949 |  |

3,411,120 |  | 3,578,025 |  |

Interest payable and similar expenses | 6 | 300,020 |  | 297,419 |  |

PROFIT BEFORE TAXATION | 3,111,100 |  | 3,280,606 |  |

Tax on profit | 7 | 818,977 |  | 859,168 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,292,123 |  | 2,421,438 |  |

Retained earnings at beginning of year | 5,835,506 |  | 5,317,977 |  |

Dividends | 9 | (2,060,719 | ) | (1,903,909 | ) |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 6,066,910 |  | 5,835,506 |  |

Profit attributable to:

Owners of the parent | 2,292,123 |  | 2,421,438 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

CONSOLIDATED BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 326,775 |  | - |  |

Tangible assets | 11 | 4,876,958 |  | 5,129,174 |  |

Investments | 12 | - |  | - |  |

5,203,733 |  | 5,129,174 |  |

CURRENT ASSETS

Stocks | 13 | 2,256,553 |  | 2,165,533 |  |

Debtors | 14 | 3,599,217 |  | 2,659,596 |  |

Cash at bank and in hand | 965,817 |  | 2,594,220 |  |

6,821,587 |  | 7,419,349 |  |

CREDITORS

Amounts falling due within one year | 15 | 3,448,849 |  | 3,773,788 |  |

NET CURRENT ASSETS | 3,372,738 |  | 3,645,561 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,576,471 |  | 8,774,735 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (1,905,860 | ) | (2,384,859 | ) |

PROVISIONS FOR LIABILITIES | 20 | (600,681 | ) | (551,350 | ) |

NET ASSETS | 6,069,930 |  | 5,838,526 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 2,520 |  | 2,520 |  |

Other reserves | 22 | 500 |  | 500 |  |

Retained earnings | 22 | 6,066,910 |  | 5,835,506 |  |

SHAREHOLDERS' FUNDS | 6,069,930 |  | 5,838,526 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2026 and were signed on its behalf by:

A Simpson - Director

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

COMPANY BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 2,385,553 |  | 2,458,748 |  |

Investments | 12 | 2,500 |  | 2,500 |  |

2,388,053 |  | 2,461,248 |  |

CURRENT ASSETS

Debtors | 14 | 1,869,180 |  | 436,503 |  |

Cash at bank | 387,822 |  | 2,043,545 |  |

2,257,002 |  | 2,480,048 |  |

CREDITORS

Amounts falling due within one year | 15 | 1,199,713 |  | 1,512,313 |  |

NET CURRENT ASSETS | 1,057,289 |  | 967,735 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,445,342 |  | 3,428,983 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (1,905,860 | ) | (1,989,281 | ) |

PROVISIONS FOR LIABILITIES | 20 | - |  | (2,142 | ) |

NET ASSETS | 1,539,482 |  | 1,437,560 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 2,520 |  | 2,520 |  |

Retained earnings | 22 | 1,536,962 |  | 1,435,040 |  |

SHAREHOLDERS' FUNDS | 1,539,482 |  | 1,437,560 |  |

Company's profit for the financial year | 2,162,641 |  | 1,648,636 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2026 and were signed on its behalf by:

A Simpson - Director

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 3,161,610 |  | 4,374,785 |  |

Interest paid | (295,237 | ) | (283,759 | ) |

Interest element of hire purchase payments paid | (4,783 | ) | (13,660 | ) |

Tax paid | (712,125 | ) | (649,748 | ) |

Net cash from operating activities | 2,149,465 |  | 3,427,618 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (343,413 | ) | - |  |

Purchase of tangible fixed assets | (455,921 | ) | (530,555 | ) |

Sale of tangible fixed assets | 88,456 |  | 44,129 |  |

Interest received | (37,123 | ) | 59,949 |  |

Net cash from investing activities | (748,001 | ) | (426,477 | ) |

Cash flows from financing activities

New loans in year | 80,000 |  | 789,651 |  |

Loan repayments in year | (600,396 | ) | (1,134,368 | ) |

Capital repayments in year | (61,425 | ) | (95,923 | ) |

Amount introduced by directors | 3,559,723 |  | 1,814,007 |  |

Amount withdrawn by directors | (3,890,306 | ) | (1,503,020 | ) |

Share issue | - |  | 10 |  |

Borrowings to associates | (56,744 | ) | 615 |  |

Equity dividends paid | (2,060,719 | ) | (1,903,909 | ) |

Net cash from financing activities | (3,029,867 | ) | (2,032,937 | ) |

(Decrease)/increase in cash and cash equivalents | (1,628,403 | ) | 968,204 |  |

Cash and cash equivalents at beginning of year | 2 | 2,594,220 |  | 1,626,016 |  |

Cash and cash equivalents at end of year | 2 | 965,817 |  | 2,594,220 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 3,111,100 |  | 3,280,606 |  |

| Depreciation charges | 617,762 |  | 624,365 |  |

| Loss on disposal of fixed assets | 18,559 |  | 6,276 |  |

| Finance costs | 300,020 |  | 297,419 |  |

| Finance income | 37,123 |  | (59,949 | ) |

4,084,564 |  | 4,148,717 |  |

| (Increase)/decrease in stocks | (91,020 | ) | 86,882 |  |

| (Increase)/decrease in trade and other debtors | (883,492 | ) | 3,715 |  |

| Increase in trade and other creditors | 51,558 |  | 135,471 |  |

| Cash generated from operations | 3,161,610 |  | 4,374,785 |  |

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 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 965,817 |  | 2,594,220 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 2,594,220 |  | 1,626,016 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 2,594,220 |  | (1,628,403 | ) | 965,817 |  |

2,594,220 |  | (1,628,403 | ) | 965,817 |  |

| Debt

| Finance leases | (77,836 | ) | 61,425 |  | (16,411 | ) |

| Debts falling due within 1 year | (519,168 | ) | 57,808 |  | (461,360 | ) |

| Debts falling due after 1 year | (1,941,464 | ) | 434,657 |  | (1,506,807 | ) |

(2,538,468 | ) | 553,890 |  | (1,984,578 | ) |

| Total | 55,752 |  | (1,074,513 | ) | (1,018,761 | ) |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Simpsons Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

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

| Basis of consolidation

| The consolidated financial statements comprise the financial statements of the parent company and its subsidiary. All financial statements are made up to 31 December 2025. All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation.

| Turnover

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

| Intangible assets

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

| Patents and licences are being amortised evenly over their estimated useful life of 10 years.

| Computer software is being amortised evenly over its estimated useful life of 10 years.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost and Straight line over 8 years

| Improvements to property | - | 20% on reducing balance

| Long leasehold | - | 20% on reducing balance

| Plant and machinery | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stock is valued on a first in, first out (FIFO) basis.

| 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.

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

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

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

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

| Hire purchase and leasing commitments

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

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

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

| Pension costs and other post-retirement benefits

| The 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.

3. | TURNOVER

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

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

| 2025 |  | 2024

£ | £ |

| United Kingdom | 20,484,730 |  | 19,418,112 |  |

| Europe | 882,725 |  | 885,719 |  |

| Rest of the World | 278,899 |  | 120,160 |  |

21,646,354 |  | 20,423,991 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,368,150 |  | 2,560,479 |  |

| Social security costs | 375,037 |  | 211,721 |  |

| Other pension costs | 227,556 |  | 369,117 |  |

3,970,743 |  | 3,141,317 |  |

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

| 2025 |  | 2024

| Directors | 10 |  | 10 |  |

| Production | 70 |  | 59 |  |

| Administration & marketing | 16 |  | 10 |  |

96 |  | 79 |  |

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

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 245,700 |  | 130,417 |  |

| Directors' pension contributions to money purchase schemes | 176,000 |  | 332,000 |  |

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

| Money purchase schemes | 4 |  | 4 |  |

| Information regarding the highest paid director for the year ended 31 December 2025 is as follows:

| 2025 |

£ |  |

| Emoluments etc | 24,876 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Other operating leases | 73,893 |  | 73,893 |  |

| Depreciation - owned assets | 579,051 |  | 589,573 |  |

| Depreciation - assets on hire purchase contracts | 22,071 |  | 34,793 |  |

| Loss on disposal of fixed assets | 13,638 |  | 6,276 |  |

| Patents and licences amortisation | 995 |  | - |  |

| Computer software amortisation | 15,643 |  | - |  |

| Auditors' remuneration | 13,292 |  | 13,200 |  |

| Auditors' remuneration for non audit work | 45,434 |  | 29,516 |  |

| Foreign exchange differences | 7,186 |  | 4,713 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 14,438 |  | 17,764 |  |

| Other interest | 248,292 |  | 226,706 |  |

| Loan interest | 32,507 |  | 41,414 |  |

| Hire purchase interest | 4,783 |  | 11,535 |  |

300,020 |  | 297,419 |  |

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 | 769,646 |  | 853,984 |  |

| Deferred tax | 49,331 |  | 5,184 |  |

| Tax on profit | 818,977 |  | 859,168 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | TAXATION - continued

| 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 | 3,111,100 |  | 3,280,606 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 777,775 |  | 820,152 |  |

| Effects of:

| Expenses not deductible for tax purposes | 3,070 |  | 7,932 |  |

| Capital allowances in excess of depreciation | (11,697 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 31,810 |  |

| Adjustments to tax charge in respect of previous periods | 498 |  | (12,242 | ) |

| Deferred tax movement | 49,331 |  | 5,184 |  |

| Losses carried forward | - |  | 6,332 |  |

| Total tax charge | 818,977 |  | 859,168 |  |

8. | INDIVIDUAL INCOME STATEMENT

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

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of 1 each

| Interim | 2,060,719 |  | 1,903,909 |  |

10. | INTANGIBLE FIXED ASSETS

| Group

| Patents |

| and |  | Computer |

| licences |  | software |  | Totals

£ | £ | £ |

| COST

| Additions | 29,091 |  | 314,322 |  | 343,413 |  |

| At 31 December 2025 | 29,091 |  | 314,322 |  | 343,413 |  |

| AMORTISATION

| Amortisation for year | 995 |  | 15,643 |  | 16,638 |  |

| At 31 December 2025 | 995 |  | 15,643 |  | 16,638 |  |

| NET BOOK VALUE

| At 31 December 2025 | 28,096 |  | 298,679 |  | 326,775 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| Freehold |  | to |  | Long

| property |  | property |  | leasehold

£ | £ | £ |

| COST

| At 1 January 2025 | 2,584,375 |  | 1,208,290 |  | 25,969 |  |

| Additions | - |  | 59,739 |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 31 December 2025 | 2,584,375 |  | 1,268,029 |  | 25,969 |  |

| DEPRECIATION

| At 1 January 2025 | 147,136 |  | 644,747 |  | 10,139 |  |

| Charge for year | 51,687 |  | 109,739 |  | 2,891 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 December 2025 | 198,823 |  | 754,486 |  | 13,030 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,385,552 |  | 513,543 |  | 12,939 |  |

| At 31 December 2024 | 2,437,239 |  | 563,543 |  | 15,830 |  |

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 3,795,983 |  | 144,928 |  | 212,025 |  | 7,971,570 |  |

| Additions | 323,402 |  | 41,355 |  | 31,425 |  | 455,921 |  |

| Disposals | (31,198 | ) | (161,683 | ) | (2,176 | ) | (195,057 | ) |

| At 31 December 2025 | 4,088,187 |  | 24,600 |  | 241,274 |  | 8,232,434 |  |

| DEPRECIATION

| At 1 January 2025 | 1,876,068 |  | 69,625 |  | 94,681 |  | 2,842,396 |  |

| Charge for year | 391,894 |  | 12,302 |  | 32,609 |  | 601,122 |  |

| Eliminated on disposal | (19,676 | ) | (66,894 | ) | (1,472 | ) | (88,042 | ) |

| At 31 December 2025 | 2,248,286 |  | 15,033 |  | 125,818 |  | 3,355,476 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,839,901 |  | 9,567 |  | 115,456 |  | 4,876,958 |  |

| At 31 December 2024 | 1,919,915 |  | 75,303 |  | 117,344 |  | 5,129,174 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 183,946 |  |

| DEPRECIATION

| At 1 January 2025 | 63,106 |  |

| Charge for year | 22,071 |  |

| At 31 December 2025 | 85,177 |  |

| NET BOOK VALUE

| At 31 December 2025 | 98,769 |  |

| At 31 December 2024 | 120,840 |  |

| Company

| Freehold |  | Motor |

| property |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 2,584,375 |  | 59,738 |  | 2,644,113 |  |

| Additions | - |  | 41,355 |  | 41,355 |  |

| Disposals | - |  | (101,093 | ) | (101,093 | ) |

| At 31 December 2025 | 2,584,375 |  | - |  | 2,584,375 |  |

| DEPRECIATION

| At 1 January 2025 | 147,135 |  | 38,230 |  | 185,365 |  |

| Charge for year | 51,687 |  | 3,123 |  | 54,810 |  |

| Eliminated on disposal | - |  | (41,353 | ) | (41,353 | ) |

| At 31 December 2025 | 198,822 |  | - |  | 198,822 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,385,553 |  | - |  | 2,385,553 |  |

| At 31 December 2024 | 2,437,240 |  | 21,508 |  | 2,458,748 |  |

12. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 2,500 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,500 |  |

| At 31 December 2024 | 2,500 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

12. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| Simpsons Beverage Supply Company Limited

| Registered office: As per company information page

| Nature of business: Supplier of drinks

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

13. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 2,256,553 |  | 2,165,533 |  |

14. | DEBTORS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 3,115,608 |  | 2,385,563 |  | 3,132 |  | 6,098 |  |

| Amounts owed by group undertakings | - |  | - |  | 1,359,908 |  | 430,395 |  |

| Amounts owed by associates | 56,130 |  | - |  | 56,130 |  | - |  |

| Other debtors | 10,010 |  | 10,010 |  | 10 |  | 10 |  |

| Prepayments | 417,469 |  | 264,023 |  | - |  | - |  |

3,599,217 |  | 2,659,596 |  | 1,419,180 |  | 436,503 |  |

| Amounts falling due after more than one | year: |

| Amounts owed by group undertakings | - |  | - |  | 450,000 |  | - |  |

| Aggregate amounts | 3,599,217 |  | 2,659,596 |  | 1,869,180 |  | 436,503 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 17) | 82,193 |  | 81,668 |  | 82,193 |  | 81,668 |  |

| Other loans (see note 17) | 379,167 |  | 437,500 |  | - |  | - |  |

| Hire purchase contracts (see note 18) | 16,411 |  | 61,425 |  | - |  | - |  |

| Trade creditors | 784,437 |  | 834,190 |  | - |  | - |  |

| Amounts owed to associates | - |  | 615 |  | - |  | 615 |  |

| Tax | 424,007 |  | 366,486 |  | 15,425 |  | 9,177 |  |

| Social security and other taxes | 523,265 |  | 456,832 |  | (2 | ) | - |  |

| Other creditors | 150 |  | 150 |  | 150 |  | 150 |  |

| VAT | 2,645 |  | 235 |  | 2,645 |  | 235 |  |

| Other creditors | 58,021 |  | 428 |  | - |  | - |  |

| Directors' current accounts | 1,073,805 |  | 1,404,388 |  | 1,073,805 |  | 1,404,388 |  |

| Accrued expenses | 104,748 |  | 129,871 |  | 25,497 |  | 16,080 |  |

3,448,849 |  | 3,773,788 |  | 1,199,713 |  | 1,512,313 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 17) | 1,506,807 |  | 1,562,297 |  | 1,506,807 |  | 1,562,297 |  |

| Other loans (see note 17) | - |  | 379,167 |  | - |  | - |  |

| Hire purchase contracts (see note 18) | - |  | 16,411 |  | - |  | - |  |

| Other creditors | 399,053 |  | 426,984 |  | 399,053 |  | 426,984 |  |

1,905,860 |  | 2,384,859 |  | 1,905,860 |  | 1,989,281 |  |

17. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 82,193 |  | 81,668 |  | 82,193 |  | 81,668 |  |

| Other loans | 379,167 |  | 437,500 |  | - |  | - |  |

461,360 |  | 519,168 |  | 82,193 |  | 81,668 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | 88,521 |  | 86,714 |  | 88,521 |  | 86,714 |  |

| Other loans - 1-2 years | - |  | 337,500 |  | - |  | - |  |

88,521 |  | 424,214 |  | 88,521 |  | 86,714 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 308,595 |  | 295,696 |  | 308,595 |  | 295,696 |  |

| Other loans - 2-5 years | - |  | 41,667 |  | - |  | - |  |

308,595 |  | 337,363 |  | 308,595 |  | 295,696 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 1,109,691 |  | 1,179,887 |  | 1,109,691 |  | 1,179,887 |  |

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 16,411 |  | 61,425 |  |

| Between one and five years | - |  | 16,411 |  |

16,411 |  | 77,836 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

18. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 281,806 |  | 239,392 |  |

| Between one and five years | 596,766 |  | 647,156 |  |

| In more than five years | 200,625 |  | 321,000 |  |

1,079,197 |  | 1,207,548 |  |

19. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans | 1,589,000 |  | 1,643,965 |  | 1,589,000 |  | 1,643,965 |  |

| Hire purchase contracts | 16,411 |  | 77,836 |  | - |  | - |  |

1,605,411 |  | 1,721,801 |  | 1,589,000 |  | 1,643,965 |  |

| Loans are secured on the assets to which they relate.

| There is a First Legal Charge dated 6 March 2023 over the freehold property known as Unit 4a Squires Gate Industrial Estate, Squires Gate Lane, Blackpool, FY4 3RN.

20. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax | 600,681 |  | 551,350 |  | - |  | 2,142 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 551,350 |  |

| Movement | 49,331 |  |

| Balance at 31 December 2025 | 600,681 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 2,142 |  |

| Movement | (2,142 | ) |

| Balance at 31 December 2025 | - |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid: |  |  |

| Number |  | Class |  | Nominal value |  | 2024 |  | 2023 |  |

| £ |  | £ |  |

| 263 |  | A Ordinary |  | 1 |  | 263 |  | 263 |  |

| 263 |  | B Ordinary |  | 1 |  | 263 |  | 263 |  |

| 263 |  | C Ordinary |  | 1 |  | 263 |  | 263 |  |

| 120 |  | D Ordinary |  | 1 |  | 120 |  | 120 |  |

| 263 |  | E Ordinary |  | 1 |  | 263 |  | 263 |  |

| 263 |  | F Ordinary |  | 1 |  | 263 |  | 263 |  |

| 265 |  | G Ordinary |  | 1 |  | 265 |  | 265 |  |

| 265 |  | H Ordinary |  | 1 |  | 265 |  | 265 |  |

| 119 |  | I Ordinary |  | 1 |  | 119 |  | 119 |  |

| 263 |  | J Ordinary |  | 1 |  | 263 |  | 263 |  |

| 153 |  | K Ordinary |  | 1 |  | 153 |  | 153 |  |

| 10 |  | L Ordinary |  | 1 |  | 10 |  | 10 |  |

| 10 |  | M Ordinary |  | 1 |  | 10 |  | - |  |

| Except as otherwise stated below, all shares shall rank pari passu in all respects but shall constitute separate classes of shares.

| Shares with classes A Ordinary to K Ordinary are entitled to one vote per corresponding share.

| L and M Ordinary shares are entitled to no votes per share and no notification of any general meetings.

| All share classes are entitled to receive dividends.

22. | RESERVES

| Group

| Retained |  | Other |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 January 2025 | 5,835,506 |  | 500 |  | 5,836,006 |  |

| Profit for the year | 2,292,123 |  | - |  | 2,292,123 |  |

| Dividends | (2,060,719 | ) | - |  | (2,060,719 | ) |

| At 31 December 2025 | 6,066,910 |  | 500 |  | 6,067,410 |  |

| Company

| Retained

| earnings

£ |

| At 1 January 2025 | 1,435,040 |  |

| Profit for the year | 2,162,641 |  |

| Dividends | (2,060,719 | ) |

| At 31 December 2025 | 1,536,962 |  |

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

23. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| J Simpson and Mrs H Simpson

| Balance outstanding at start of year | (38,327 | ) | 49,492 |  |

| Amounts advanced | 395,909 |  | 306,433 |  |

| Amounts repaid | (456,204 | ) | (394,252 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (98,622 | ) | (38,327 | ) |

| C Simpson and K Simpson

| Balance outstanding at start of year | (540,145 | ) | (430,851 | ) |

| Amounts advanced | 657,244 |  | 310,150 |  |

| Amounts repaid | (472,788 | ) | (419,444 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (355,689 | ) | (540,145 | ) |

| G Simpson and Mrs K G Simpson

| Balance outstanding at start of year | (6,344 | ) | (34 | ) |

| Amounts advanced | 89,125 |  | 39,355 |  |

| Amounts repaid | (84,554 | ) | (45,665 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,773 | ) | (6,344 | ) |

| J Simpson and Mrs A Simpson

| Balance outstanding at start of year | (476,542 | ) | (538,016 | ) |

| Amounts advanced | 439,683 |  | 491,986 |  |

| Amounts repaid | (480,627 | ) | (430,512 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (517,486 | ) | (476,542 | ) |

| A Simpson and Mrs M Simpson

| Balance outstanding at start of year | (343,029 | ) | (173,992 | ) |

| Amounts advanced | 2,308,342 |  | 355,094 |  |

| Amounts repaid | (2,065,550 | ) | (524,131 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (100,237 | ) | (343,029 | ) |

24. | RELATED PARTY DISCLOSURES

SIMPSONS HOLDINGS LIMITED (REGISTERED NUMBER: 10870737) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

| Other related parties |

| During the year, payments of rent were paid to a related Pension Scheme amounting to £55,000 (2024: £57,729) and Directors pension payments were also paid amounting to £176,000 (2024: £332,000).

| During the year, Simpsons Beverage Supply Company Limited had an outstanding loan from Simpson Family Pension Scheme amounting to £337,500 (2024: £675,000). Interest charged on the loan is 6.25%.

| At year end, a balance was due from the Simpson Family Settlement 2013 Trust amounting to £56,130 (2024: balance due to the Simpson Family Settlement 2013 Trust £615).

| The group has common Directors with The Wenning Company Limited. During the year, sponsorship amounts were paid to The Wenning Company Limited amounting to £4,514 (2024: £13,604).

| The group has a common Director with Creative Business Assist Limited. During the year, donations amounts were paid to Creative Business Assist Limited amounting to £10,008 (2024: £11,921).

| During the year, the company had an outstanding loan by family of the Directors. The loans accrued interest at 8%. The total of the new loans amounted to £80,000 (2024: £80,000), interest paid (gross) totalled £31,617 (2024: £30,815) . The amount outstanding at 31 December 2025 was £397,548 (2024: £426,984).

25. | ULTIMATE CONTROLLING PARTY

| The group is controlled by the Directors.