IRIS Accounts Production v25.4.0.155 15645273 Board of Directors 31.7.25 14.4.24 31.7.25 31.7.25 The principal activity of the company is that of a holding company. The principal activity of the group is farming and the packing of vegetables. true true false true true false false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 0.10000 D Ordinary 0.10000 Ordinary 1.00000 1.00000 1.00000 0.10000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15645273 2024-04-13 15645273 2025-07-31 15645273 2024-04-14 2025-07-31 15645273 2024-04-13 15645273 ns15:EnglandWales 2024-04-14 2025-07-31 15645273 ns14:PoundSterling 2024-04-14 2025-07-31 15645273 ns10:Director1 2024-04-14 2025-07-31 15645273 ns10:Consolidated 2025-07-31 15645273 ns10:ConsolidatedGroupCompanyAccounts 2024-04-14 2025-07-31 15645273 ns10:PrivateLimitedCompanyLtd 2024-04-14 2025-07-31 15645273 ns10:FRS102 ns10:Consolidated 2024-04-14 2025-07-31 15645273 ns10:Consolidated ns10:Audited 2024-04-14 2025-07-31 15645273 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-14 2025-07-31 15645273 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-14 2025-07-31 15645273 ns10:Consolidated ns10:LargeCompaniesRegimeForDirectorsReport 2024-04-14 2025-07-31 15645273 ns10:Consolidated ns10:LargeCompaniesRegimeForAccounts 2024-04-14 2025-07-31 15645273 ns10:FullAccounts 2024-04-14 2025-07-31 15645273 1 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass2 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass3 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass4 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass5 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass1 2024-04-14 2025-07-31 15645273 1 ns10:OrdinaryShareClass1 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass2 2 2024-04-14 2025-07-31 15645273 ns10:OrdinaryShareClass3 3 2024-04-14 2025-07-31 15645273 4 ns10:OrdinaryShareClass4 2024-04-14 2025-07-31 15645273 ns10:Consolidated 2024-04-14 2025-07-31 15645273 ns10:Director2 2024-04-14 2025-07-31 15645273 ns10:Director3 2024-04-14 2025-07-31 15645273 ns10:Director4 2024-04-14 2025-07-31 15645273 ns10:Director5 2024-04-14 2025-07-31 15645273 ns10:RegisteredOffice 2024-04-14 2025-07-31 15645273 ns5:ShareCapital 2025-07-31 15645273 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-07-31 15645273 ns5:ShareCapital 2024-04-14 2025-07-31 15645273 ns5:RetainedEarningsAccumulatedLosses 2024-04-14 2025-07-31 15645273 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-04-14 2025-07-31 15645273 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 15645273 ns5:NetGoodwill 2024-04-14 2025-07-31 15645273 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-14 2025-07-31 15645273 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-04-14 2025-07-31 15645273 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-14 2025-07-31 15645273 ns5:PlantMachinery 2024-04-14 2025-07-31 15645273 ns5:FurnitureFittings 2024-04-14 2025-07-31 15645273 ns5:MotorVehicles 2024-04-14 2025-07-31 15645273 ns5:AdditionsToInvestments 2025-07-31 15645273 ns5:CostValuation 2025-07-31 15645273 ns10:OrdinaryShareClass2 2025-07-31 15645273 ns10:OrdinaryShareClass3 2025-07-31 15645273 ns10:OrdinaryShareClass4 2025-07-31 15645273 ns10:OrdinaryShareClass5 2025-07-31

REGISTERED NUMBER: 15645273 (England and Wales)

| Group Strategic Report, |

| Report of the Directors and |

| Consolidated Financial Statements |

| for the Period |

| 14 April 2024 to 31 July 2025 |

| for |

| Strawson Group Limited |

| Strawson Group Limited (Registered number: 15645273) |

Contents of the Consolidated Financial Statements

for the Period 14 April 2024 to 31 July 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Consolidated Income Statement | 6 |

| Consolidated Other Comprehensive Income | 7 |

| Consolidated Balance Sheet | 8 |

| Company Balance Sheet | 9 |

| Consolidated Statement of Changes in Equity | 10 |

| Company Statement of Changes in Equity | 11 |

| Consolidated Cash Flow Statement | 12 |

| Notes to the Consolidated Cash Flow Statement | 13 |

| Notes to the Consolidated Financial Statements | 14 |

| Strawson Group Limited |

Company Information

for the Period 14 April 2024 to 31 July 2025

| DIRECTORS: | R M Strawson

| Mrs J Strawson

| H C Strawson

| Miss A J Strawson

| P G Wynn

| REGISTERED OFFICE: | Featherstone House Farm

| Bilsthorpe

| Newark

| Nottinghamshire

| NG22 8RD

| REGISTERED NUMBER: | 15645273 (England and Wales)

| AUDITORS: | Wright Vigar Limited

| Statutory Auditors

| Chartered Accountants & Business Advisers

| Chancery Court

| 34 West Street

| Retford

| Nottinghamshire

| DN22 6ES

| Strawson Group Limited (Registered number: 15645273) |

Group Strategic Report

for the Period 14 April 2024 to 31 July 2025

The directors present their strategic report of the company and the group for the period 14 April 2024 to 31 July 2025.

REVIEW OF BUSINESS

The Group's first financial statements covered a 15.5 month trading period. For the year ending 31st July 2025 the Group's accounts produced a profit before tax of £2.6m on a turnover of £71m. This equates to 3.6% return. With net currents assets of £3.7m and total shareholders' funds at £13.9m the balance sheet is strong.

The Group's two undertakings performed well, despite challenging trading conditions as a result of cost inflation and changing weather patterns. The latter leading to much higher requirements for crop irrigation. Longer term arrangements with retail customers continue to be rolled out and this has supported continued investment.

The investment in digitalisation across the businesses will aid decision making to improve risk management as well as delivering cost efficiencies across all operations. Continued investment in technology will continue to be a priority.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors of the Company regularly meet to review the key risks and uncertainties that are faced by the Group undertakings or potentially will be faced by them in the future. The necessary steps are taken to mitigate these risks and uncertainties and an appropriate action plan agreed

FINANCIAL PERFORMANCE INDICATORS

The Company's primary targets are operational efficiency and profitability for the Group undertakings. Specific KPI's are regularly monitored and those relevant are highlighted in the trading results.

RESEARCH AND DEVELOPMENT

Strawson Group undertakings have identified a need for digitalisation transformation throughout its operations and administrative functions to drive effective decision making, and to support future automation and integration of solutions. While this activity forms the basis of its current research and development activity the company is also is seeking to identify means by which it can embrace new technology to improve cop productivity and operational efficiency.

ON BEHALF OF THE BOARD:

R M Strawson - Director

8 April 2026

| Strawson Group Limited (Registered number: 15645273) |

Report of the Directors

for the Period 14 April 2024 to 31 July 2025

The directors present their report with the financial statements of the company and the group for the period 14 April 2024 to 31 July 2025.

INCORPORATION

The group was incorporated on 14 April 2024 .

DIVIDENDS

The total distribution of dividends for the period ended 31 July 2025 will be £ 65,000 .

DIRECTORS

The directors who have held office during the period from 14 April 2024 to the date of this report are as follows:

R M Strawson - appointed 14 April 2024

Mrs J Strawson - appointed 16 May 2024

H C Strawson - appointed 16 May 2024

Miss A J Strawson - appointed 16 May 2024

P G Wynn - appointed 16 May 2024

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

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;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | 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.

AUDITORS

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

ON BEHALF OF THE BOARD:

R M Strawson - Director

8 April 2026

Report of the Independent Auditors to the Members of

Strawson Group Limited

Opinion

We have audited the financial statements of Strawson Group Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 July 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, 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 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 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

Strawson Group Limited

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- |  | We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework. |

- |  | We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance. |

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- |  | Substantive procedures performed in accordance with the ISAs (UK). |

- |  | Challenging assumptions and judgments made by management in its significant accounting estimates. |

- |  | Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals. |

- |  | Assessing the extent of compliance with the relevant laws and regulations. |

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.

Neil Roberts BA FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

8 April 2026

| Strawson Group Limited (Registered number: 15645273) |

Consolidated

Income Statement

for the Period 14 April 2024 to 31 July 2025

| Notes | £ |

| TURNOVER | 70,750,247 |  |

| Cost of sales | 59,328,976 |  |

| GROSS PROFIT | 11,421,271 |  |

| Administrative expenses | 8,386,803 |  |

3,034,468 |  |

| Other operating income | 75,409 |  |

| OPERATING PROFIT | 4 | 3,109,877 |  |

| Interest receivable and similar income | 284,038 |  |

3,393,915 |  |

| Interest payable and similar expenses | 5 | 825,634 |  |

| PROFIT BEFORE TAXATION | 2,568,281 |  |

| Tax on profit | 6 | 395,037 |  |

| PROFIT FOR THE FINANCIAL PERIOD | 2,173,244 |  |

| Profit attributable to:

| Owners of the parent | 2,173,244 |  |

| Strawson Group Limited (Registered number: 15645273) |

Consolidated

Other Comprehensive Income

for the Period 14 April 2024 to 31 July 2025

| Notes | £ |

| PROFIT FOR THE PERIOD | 2,173,244 |  |

| OTHER COMPREHENSIVE INCOME |

| Share for share exchange | 11,735,238 |  |

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

| OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF INCOME TAX | 11,735,238 |  |

| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 13,908,482 |  |

| Total comprehensive income attributable to:

| Owners of the parent | 13,908,482 |  |

| Strawson Group Limited (Registered number: 15645273) |

Consolidated Balance Sheet

31 July 2025

| Notes | £ | £ |

| FIXED ASSETS

| Intangible assets | 9 | 868,202 |  |

| Tangible assets | 10 | 13,661,519 |  |

| Investments | 11 |

| Interest in joint venture

| Share of gross assets | 14,028 |  |

| Share of gross liabilities | (13,928 | ) |

100 |  |

| Other investments | 110 |  |

14,529,931 |  |

| CURRENT ASSETS

| Stocks | 12 | 6,260,186 |  |  |

| Debtors | 13 | 16,261,519 |  |  |

| Cash at bank and in hand | 830 |  |  |

22,522,535 |  |

| CREDITORS

| Amounts falling due within one year | 14 | 18,850,051 |  |

| NET CURRENT ASSETS | 3,672,484 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 18,202,415 |  |

| CREDITORS

| Amounts falling due after more than one year | 15 | (3,512,376 | ) |

| PROVISIONS FOR LIABILITIES | 19 | (841,457 | ) |

| NET ASSETS | 13,848,582 |  |

| CAPITAL AND RESERVES

| Called up share capital | 20 | 5,100 |  |

| Merger reserve | 21 | 11,735,238 |  |

| Retained earnings | 21 | 2,108,244 |  |

| SHAREHOLDERS' FUNDS | 13,848,582 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by:

R M Strawson - Director

| Strawson Group Limited (Registered number: 15645273) |

Company Balance Sheet

31 July 2025

| Notes | £ |

| FIXED ASSETS

| Intangible assets | 9 | - |  |

| Tangible assets | 10 | - |  |

| Investments | 11 | 11,740,338 |  |

11,740,338 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 11,740,338 |  |

| CAPITAL AND RESERVES

| Called up share capital | 20 | 5,100 |  |

| Merger reserve | 21 | 11,735,238 |  |

| SHAREHOLDERS' FUNDS | 11,740,338 |  |

| Company's profit for the financial year | 65,000 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by:

R M Strawson - Director

| Strawson Group Limited (Registered number: 15645273) |

Consolidated Statement of Changes in Equity

for the Period 14 April 2024 to 31 July 2025

| Called up |

| share |  | Retained |  | Merger |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Changes in equity

Issue of share capital | 5,100 |  | - |  | - |  | 5,100 |  |

Dividends | - |  | (65,000 | ) | - |  | (65,000 | ) |

Total comprehensive income | - |  | 2,173,244 |  | 11,735,238 |  | 13,908,482 |  |

Balance at 31 July 2025 | 5,100 |  | 2,108,244 |  | 11,735,238 |  | 13,848,582 |  |

| Strawson Group Limited (Registered number: 15645273) |

Company Statement of Changes in Equity

for the Period 14 April 2024 to 31 July 2025

| Called up |

| share |  | Retained |  | Merger |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Changes in equity

Issue of share capital | 5,100 |  | - |  | - |  | 5,100 |  |

Dividends | - |  | (65,000 | ) | - |  | (65,000 | ) |

Total comprehensive income | - |  | 65,000 |  | 11,735,238 |  | 11,800,238 |  |

Balance at 31 July 2025 | 5,100 |  | - |  | 11,735,238 |  | 11,740,338 |  |

| Strawson Group Limited (Registered number: 15645273) |

Consolidated Cash Flow Statement

for the Period 14 April 2024 to 31 July 2025

| Notes | £ |

| Cash flows from operating activities

| Cash generated from operations | 1 | 641,094 |  |

| Interest paid | (647,460 | ) |

| Interest element of hire purchase payments paid | (178,174 | ) |

| Net cash from operating activities | (184,540 | ) |

| Cash flows from investing activities

| Purchase of tangible fixed assets | (4,125,144 | ) |

| Sale of tangible fixed assets | 444,666 |  |

| Interest received | 284,038 |  |

| Net cash from investing activities | (3,396,440 | ) |

| Cash flows from financing activities

| New loans in year | 4,468,673 |  |

| Loan repayments in year | (1,877,495 | ) |

| Capital repayments in year | (75,849 | ) |

| Amount introduced by directors | 118,471 |  |

| Amount withdrawn by directors | (118,402 | ) |

| Equity dividends paid | (65,000 | ) |

| Net cash from financing activities | 2,450,398 |  |

| Decrease in cash and cash equivalents | (1,130,582 | ) |

| Cash and cash equivalents at beginning of period | 2 | - |  |

| Cash and cash equivalents at end of period | 2 | (1,130,582 | ) |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Cash Flow Statement

for the Period 14 April 2024 to 31 July 2025

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

£ |

| Profit before taxation | 2,568,281 |  |

| Depreciation charges | 2,197,258 |  |

| Loss on disposal of fixed assets | 47,079 |  |

| Finance costs | 825,634 |  |

| Finance income | (284,038 | ) |

5,354,214 |  |

| Increase in stocks | (1,050,930 | ) |

| Increase in trade and other debtors | (8,425,270 | ) |

| Increase in trade and other creditors | 4,763,080 |  |

| Cash generated from operations | 641,094 |  |

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:

| Period ended 31 July 2025

| 31.7.25 |  | 14.4.24

£ | £ |

| Cash and cash equivalents | 830 |  | - |  |

| Bank overdrafts | (1,131,412 | ) | - |  |

(1,130,582 | ) | - |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 14.4.24 | Cash flow | At 31.7.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | - |  | 830 |  | 830 |  |

| Bank overdrafts | - |  | (1,131,412 | ) | (1,131,412 | ) |

- |  | (1,130,582 | ) | (1,130,582 | ) |

| Debt

| Finance leases | - |  | (3,280,642 | ) | (3,280,642 | ) |

| Debts falling due within 1 year | - |  | (6,848,445 | ) | (6,848,445 | ) |

| Debts falling due after 1 year | - |  | (769,282 | ) | (769,282 | ) |

- |  | (10,898,369 | ) | (10,898,369 | ) |

| Total | - |  | (12,028,951 | ) | (12,028,951 | ) |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements

for the Period 14 April 2024 to 31 July 2025

1. | STATUTORY INFORMATION

| Strawson Group 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.

| Basis of consolidation

| The Group consolidated financial statements include the financial statements of the Company and all of its subsidiary undertakings up to 31 July 2025.

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

| Where a subsidiary has different accounting policies to the Group, adjustments are made to those subsidiary

| financial statements to apply the Group's accounting policies when preparing the consolidated financial

| statements.

| Any subsidiary undertakings sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

| Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

| All intra-Group transactions, balances, income and expenses are eliminated on consolidation. Adjustments are made to eliminate the profit or loss arising on transactions with associates to the extent of the Group's interest in the entity.

| Joint ventures

| Investments in joint ventures are measured at cost less impairment.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

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

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Land and buildings | - | 2% on cost and not provided

| Long leasehold | - | 2% on cost

| Plant and machinery | - | 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance and 20% on reducing balance

| Assets under construction are not depreciated until they become a functioning asset. Once they are a

| functioning asset they are moved to the relevant asset group and depreciated in line with the policy.

| Stocks

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

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| Taxation

| Taxation for the period 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 period 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.

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Biological assets

| Biological assets are living plants and animals controlled by the company from which it expects to derive

| future economic benefit. Biological assets comprise livestock and crops in the ground at the year end. Growing crops are measured at the lower of cost and estimated selling price less costs to complete and sell. Livestock is measured at either replacement cost or deemed cost in line with HMRC guidance HS232.

3. | EMPLOYEES AND DIRECTORS

£ |

| Wages and salaries | 8,466,748 |  |

| Social security costs | 761,339 |  |

| Other pension costs | 127,308 |  |

9,355,395 |  |

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

| Administration | 10 |  |

| Operations | 163 |  |

173 |  |

£ |

| Directors' remuneration | 250,800 |  |

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

| Money purchase schemes | 4 |  |

| Information regarding the highest paid director is as follows:

£ |

| Emoluments etc | 117,500 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging:

£ |

| Hire of plant and machinery | 63,765 |  |

| Depreciation - owned assets | 11,597,969 |  |

| Depreciation - assets on hire purchase contracts | 1,054,495 |  |

| Loss on disposal of fixed assets | 47,079 |  |

| Goodwill amortisation | 114,668 |  |

| Auditors' remuneration | 27,230 |  |

| Auditors' remuneration for non audit work | 4,775 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

£ |

| Bank interest and charges | 117,738 |  |

| Loan interest | 529,722 |  |

| Hire purchase | 178,174 |  |

825,634 |  |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

6. | TAXATION

| Analysis of the tax charge

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

£ |

| Deferred tax:

| Origination and reversal of timing differences | 395,037 |  |

| Tax on profit | 395,037 |  |

| Tax effects relating to effects of other comprehensive income |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Share for share exchange | 11,735,238 |  | - |  | 11,735,238 |  |

7. | 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.

8. | DIVIDENDS

£ |

| Ordinary shares of £1 each |

| Interim | 65,000 |  |

9. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| Additions | 982,870 |  |

| At 31 July 2025 | 982,870 |  |

| AMORTISATION

| Amortisation for period | 114,668 |  |

| At 31 July 2025 | 114,668 |  |

| NET BOOK VALUE

| At 31 July 2025 | 868,202 |  |

| Goodwill additions in the year comprise the acquisitions of Strawson Limited and Strawson Produce Limited in a share for share exchange.

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Land and |  | Long |  | Plant and

| buildings |  | leasehold |  | machinery

£ | £ | £ |

| COST

| Additions | 2,367,485 |  | 117,009 |  | 20,134,939 |  |

| Disposals | - |  | - |  | (713,983 | ) |

| At 31 July 2025 | 2,367,485 |  | 117,009 |  | 19,420,956 |  |

| DEPRECIATION

| Charge for period | 539,352 |  | 41,752 |  | 11,000,181 |  |

| Eliminated on disposal | - |  | - |  | (340,475 | ) |

| At 31 July 2025 | 539,352 |  | 41,752 |  | 10,659,706 |  |

| NET BOOK VALUE

| At 31 July 2025 | 1,828,133 |  | 75,257 |  | 8,761,250 |  |

| Fixtures |  | Assets |

| and |  | Motor |  | under |

| fittings |  | vehicles |  | construction |  | Totals

£ | £ | £ | £ |

| COST

| Additions | 1,390,104 |  | 755,062 |  | 2,041,129 |  | 26,805,728 |  |

| Disposals | (17,996 | ) | (258,395 | ) | - |  | (990,374 | ) |

| At 31 July 2025 | 1,372,108 |  | 496,667 |  | 2,041,129 |  | 25,815,354 |  |

| DEPRECIATION

| Charge for period | 188,563 |  | 882,616 |  | - |  | 12,652,464 |  |

| Eliminated on disposal | (5,759 | ) | (152,395 | ) | - |  | (498,629 | ) |

| At 31 July 2025 | 182,804 |  | 730,221 |  | - |  | 12,153,835 |  |

| NET BOOK VALUE

| At 31 July 2025 | 1,189,304 |  | (233,554 | ) | 2,041,129 |  | 13,661,519 |  |

| Since the year end, the asset under construction has been completed and is fully operational.

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| Additions | 4,497,969 |  | 332,540 |  | 4,830,509 |  |

| Transfer to ownership | (383,602 | ) | (332,540 | ) | (716,142 | ) |

| At 31 July 2025 | 4,114,367 |  | - |  | 4,114,367 |  |

| DEPRECIATION

| Charge for period | 875,927 |  | 178,568 |  | 1,054,495 |  |

| Transfer to ownership | (99,766 | ) | (178,568 | ) | (278,334 | ) |

| At 31 July 2025 | 776,161 |  | - |  | 776,161 |  |

| NET BOOK VALUE

| At 31 July 2025 | 3,338,206 |  | - |  | 3,338,206 |  |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

11. | FIXED ASSET INVESTMENTS

| Group

| Interest |

| in joint |  | Unlisted |

| venture |  | investments |  | Totals

£ | £ | £ |

| COST

| Additions | 100 |  | 110 |  | 210 |  |

| At 31 July 2025 | 100 |  | 110 |  | 210 |  |

| NET BOOK VALUE

| At 31 July 2025 | 100 |  | 110 |  | 210 |  |

| Company

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 11,740,338 |  |

| At 31 July 2025 | 11,740,338 |  |

| NET BOOK VALUE

| At 31 July 2025 | 11,740,338 |  |

| The shares in group undertakings comprise 100% shareholdings in Strawson Limited and Strawson Produce Limited. Both are UK registered companies with a registered office of Featherstone House Farm, Bilsthorpe, Newark, Nottinghamshire, England, NG22 8R.

| Strawson Limited operates in the farming sector and Strawson Produce Limited operates as a packer of vegetables.

| At the period end, Strawson Limited held reserves of £11,841,978 and included a profit after tax of £804,577.

| At the period end, Strawson Produce Limited held reserves of £1,138,403 and included a profit after tax of £371,028.

12. | STOCKS

| Group |

£ |

| Growing crops | 5,481,351 |  |

| Crops in store | 137,010 |  |

| Consumable stocks | 588,887 |  |

| Livestock | 52,938 |  |

6,260,186 |  |

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

| Group |

£ |

| Trade debtors | 7,364,055 |  |

| Other debtors | 6,413,857 |  |

| VAT | 1,075,294 |  |

| Prepayments and accrued income | 1,408,313 |  |

16,261,519 |  |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

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

| Group |

£ |

| Bank loans and overdrafts (see note 16) | 1,502,357 |  |

| Other loans (see note 16) | 6,477,500 |  |

| Hire purchase contracts (see note 17) | 537,548 |  |

| Trade creditors | 8,330,501 |  |

| Social security and other taxes | 77,936 |  |

| Other creditors | 845,476 |  |

| Directors' current accounts | 230 |  |

| Accrued expenses | 1,078,503 |  |

18,850,051 |  |

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

| Group |

£ |

| Bank loans (see note 16) | 769,282 |  |

| Hire purchase contracts (see note 17) | 2,743,094 |  |

3,512,376 |  |

16. | LOANS

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

| Group |

£ |

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

| Bank overdrafts | 1,131,412 |  |

| Bank loans | 370,945 |  |

| Other loans | 6,477,500 |  |

7,979,857 |  |

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

| Bank loans | 370,945 |  |

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

| Bank loans | 398,337 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire

| purchase

| contracts

£ |

| Net obligations repayable:

| Within one year | 537,548 |  |

| Between one and five years | 2,743,094 |  |

3,280,642 |  |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

17. | LEASING AGREEMENTS - continued

| Group

| Non- |

| cancellable |

| operating |

| leases |

£ |

| Within one year | 1,186,644 |  |

| Between one and five years | 1,144,883 |  |

2,331,527 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

£ |

| Bank overdrafts | 1,131,412 |  |

| Bank loans | 1,140,227 |  |

2,271,639 |  |

| The bank overdraft and bank loans are secured by an unlimited guarantee . There is also a charge over cottages and farm buildings at Lower Hexgreave.

19. | PROVISIONS FOR LIABILITIES

| Group |

£ |

| Deferred tax | 841,457 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at acquisition | 446,420 |  |

| Accelerated capital allowances | 797,949 |  |

| Tax losses not utilised | (402,912 | ) |

| Balance at 31 July 2025 | 841,457 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 4,250 | A Ordinary | £1 | 4,250 |  |

| 750 | B Ordinary | £1 | 750 |  |

| 850 | C Ordinary | 10p | 85 |  |

| 150 | D Ordinary | 10p | 15 |  |

5,100 |  |

| Strawson Group Limited (Registered number: 15645273) |

Notes to the Consolidated Financial Statements - continued

for the Period 14 April 2024 to 31 July 2025

20. | CALLED UP SHARE CAPITAL - continued

| The following shares were issued during the period for cash at par :

| 1 Ordinary share of £1

| 4,250 A Ordinary shares of £1

| 749 B Ordinary shares of £1

| 850 C Ordinary shares of 10p

| 150 D Ordinary shares of 10p.

21. | RESERVES

| Group

| Retained |  | Merger |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| Profit for the period | 2,173,244 |  | 2,173,244 |  |

| Dividends | (65,000 | ) | (65,000 | ) |

| Premium on share issue | - |  | 11,735,238 |  | 11,735,238 |  |

| At 31 July 2025 | 2,108,244 |  | 11,735,238 |  | 13,843,482 |  |

| Company

| Retained |  | Merger |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| Profit for the period | 65,000 |  | 65,000 |  |

| Dividends | (65,000 | ) | (65,000 | ) |

| Premium on share issue | - |  | 11,735,238 |  | 11,735,238 |  |

| At 31 July 2025 | - |  | 11,735,238 |  | 11,735,238 |  |

22. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £115,145. No contributions were outstanding at the year end.

23. | RELATED PARTY DISCLOSURES

| During the period, total dividends of £65,000 were paid to the directors .

| During the period, the group made sales and recharged costs of £26,415,603 and purchases of £1,218,739 to entities within the Strawson family. The group also received loans of £20,151,000 and made loan repayments of £17,911,886 during the period. As at 31 July 2025, entities within the Strawson family owed the group £10,334,640 and the group owed £279,529.

| During the period, a total of key management personnel compensation of £ 536,004 was paid.

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R M Strawson.