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REGISTERED NUMBER: 01390490 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 30 September 2025 |

| for |

| Cleveland Land Services (Guisborough) |

| Limited |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 7 |

| Balance Sheet | 8 |

| Statement of Changes in Equity | 9 |

| Cash Flow Statement | 10 |

| Notes to the Cash Flow Statement | 11 |

| Notes to the Financial Statements | 12 |

| Cleveland Land Services (Guisborough) |

| Limited |

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | Mrs C Miller

| J A Miller

| B S Dunn

| Mrs L D Miller

| S Miller

| A Miller

| J D Miller

| SECRETARY: | A Miller

| REGISTERED OFFICE: | Park Farm

| Dunsdale

| Guisborough

| TS14 6RQ

| REGISTERED NUMBER: | 01390490 (England and Wales)

| AUDITORS: | Anderson Barrowcliff Limited

| Statutory Auditor

| Chartered Accountants

| 3 Kingfisher Court

| Bowesfield Park

| Stockton on Tees

| TS18 3EX

| BANKERS: | Lloyds

| Albert Road

| Middlesbrough

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Strategic Report

for the Year Ended 30 September 2025

The directors present their strategic report for the year ended 30 September 2025.

REVIEW OF BUSINESS

The results for the year and financial position of the company are as shown in the annexed financial statements and were considered satisfactory by the directors.

The results for the year show turnover has increased to £33,349,496 compared to £25,605,556 in 2024 and the company achieved a profit before taxation of £3,055,651 (2024:£1,670,286).

The company operates in a competitive industry and is subject to a number of external factors such as uncertainty in Government policy, climate change and overall economic conditions affecting such things as interest rates. The company mitigates these risks and uncertainties by retaining a diversified client base and delivering high quality products and services.

PRINCIPAL RISKS AND UNCERTAINTIES

By operating within a number of diverse sectors and for a wide range of customers, the directors believe that they have taken adequate steps to mitigate the risk and resulting problems of any over dependence on either a particular industry sector or major customer.

KEY PERFORMANCE INDICATORS

Given the straightforward nature of the business, the company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the entity and that all relevant financial information has been disclosed within the financial statements.

ON BEHALF OF THE BOARD:

J A Miller - Director

8 April 2026

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Report of the Directors

for the Year Ended 30 September 2025

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of sports field and play area construction (natural and synthetic), hard and soft landscaping, land drainage, civil engineering, plant hire and the provision of ancillary contracting services within the construction industry.

DIVIDENDS

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2025 will be £Nil.

EVENTS SINCE THE END OF THE YEAR

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

DIRECTORS

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

Mrs C Miller

J A Miller

B S Dunn

Mrs L D Miller

S Miller

A Miller

J D Miller

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J A Miller - Director

8 April 2026

Report of the Independent Auditors to the Members of

Cleveland Land Services (Guisborough)

Limited

Opinion

We have audited the financial statements of Cleveland Land Services (Guisborough) Limited (the 'company') for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 September 2025 and of its 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the 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 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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

Cleveland Land Services (Guisborough)

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 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 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the industry, we have considered applicable laws and regulations which may be fundamental to the company's ability to operate or to avoid a material penalty, and we considered the extent to which non-compliance might have a material effect on the financial statements. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate manual journal entries to manipulate financial performance, management bias in significant accounting estimates and any significant one-off or unusual transactions.

We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

Auditors' responsibilities for the audit of the financial statements (continued)

Audit procedures performed by the engagement team included:

- |  | Enquiry of management and those charged with governance around actual and potential litigation and claims. |

- |  | Enquiry of entity staff to identify any instances of non-compliance with laws and regulations. |

- |  | Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. |

- |  | Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. |

- |  | Challenging estimates and judgements made by management in their significant accounting estimates. |

- |  | Revenue recognition; agreeing a sample of revenue transactions to gain assurance over the occurrence and accuracy of revenue and also to ensure revenue has been recognised in the correct period. |

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Report of the Independent Auditors to the Members of

Cleveland Land Services (Guisborough)

Limited

Use of our report

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

Helen Wilson FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

Statutory Auditor

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

8 April 2026

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Statement of Comprehensive

Income

for the Year Ended 30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 2 | 33,349,496 |  | 25,605,556 |  |

Cost of sales | 26,579,575 |  | 20,870,154 |  |

GROSS PROFIT | 6,769,921 |  | 4,735,402 |  |

Administrative expenses | 3,731,718 |  | 3,068,835 |  |

3,038,203 |  | 1,666,567 |  |

Other operating income | 3 | 66,686 |  | 56,558 |  |

OPERATING PROFIT | 5 | 3,104,889 |  | 1,723,125 |  |

Interest receivable and similar income | 40,597 |  | 16,882 |  |

3,145,486 |  | 1,740,007 |  |

Interest payable and similar expenses | 6 | 89,835 |  | 69,721 |  |

PROFIT BEFORE TAXATION | 3,055,651 |  | 1,670,286 |  |

Tax on profit | 7 | 787,250 |  | 427,000 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,268,401 |  | 1,243,286 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,268,401 |  | 1,243,286 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 8,015,021 |  | 7,931,071 |  |

Investments | 10 | 400 |  | 400 |  |

Investment property | 11 | 72,259 |  | 120,462 |  |

8,087,680 |  | 8,051,933 |  |

CURRENT ASSETS

Stocks | 12 | 562,348 |  | 182,993 |  |

Debtors | 13 | 10,905,146 |  | 9,259,691 |  |

Cash at bank and in hand | 2,619,099 |  | 1,962,267 |  |

14,086,593 |  | 11,404,951 |  |

CREDITORS

Amounts falling due within one year | 14 | 9,319,041 |  | 8,136,043 |  |

NET CURRENT ASSETS | 4,767,552 |  | 3,268,908 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,855,232 |  | 11,320,841 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (313,187 | ) | (1,099,197 | ) |

PROVISIONS FOR LIABILITIES | 20 | (1,546,000 | ) | (1,494,000 | ) |

NET ASSETS | 10,996,045 |  | 8,727,644 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 240,612 |  | 240,612 |  |

Retained earnings | 22 | 10,755,433 |  | 8,487,032 |  |

SHAREHOLDERS' FUNDS | 10,996,045 |  | 8,727,644 |  |

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:

J A Miller - Director

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Statement of Changes in Equity

for the Year Ended 30 September 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 240,612 |  | 7,324,849 |  | 7,565,461 |  |

Changes in equity

Dividends | - |  | (81,103 | ) | (81,103 | ) |

Total comprehensive income | - |  | 1,243,286 |  | 1,243,286 |  |

Balance at 30 September 2024 | 240,612 |  | 8,487,032 |  | 8,727,644 |  |

Changes in equity

Total comprehensive income | - |  | 2,268,401 |  | 2,268,401 |  |

Balance at 30 September 2025 | 240,612 |  | 10,755,433 |  | 10,996,045 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Cash Flow Statement

for the Year Ended 30 September 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 4,989,588 |  | 2,537,540 |  |

Interest paid | (5,541 | ) | (6,270 | ) |

Interest element of hire purchase payments paid | (84,294 | ) | (63,451 | ) |

Tax paid | (165,250 | ) | - |  |

Net cash from operating activities | 4,734,503 |  | 2,467,819 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,886,997 | ) | (2,312,904 | ) |

Sale of tangible fixed assets | 631,803 |  | 378,016 |  |

Sale of investment property | 55,100 |  | - |  |

Interest received | 40,597 |  | 16,882 |  |

Net cash from investing activities | (1,159,497 | ) | (1,918,006 | ) |

Cash flows from financing activities

Loan repayments in year | (120,000 | ) | (120,000 | ) |

New HP loans in year | - |  | 1,597,052 |  |

Capital repayments in year | (1,095,250 | ) | (1,051,201 | ) |

Amount withdrawn by directors | (735,000 | ) | - |  |

Amounts withdrawn by related parties | (967,924 | ) | - |  |

Equity dividends paid | - |  | (81,103 | ) |

Net cash from financing activities | (2,918,174 | ) | 344,748 |  |

Increase in cash and cash equivalents | 656,832 |  | 894,561 |  |

Cash and cash equivalents at beginning of year | 2 | 1,962,267 |  | 1,067,706 |  |

Cash and cash equivalents at end of year | 2 | 2,619,099 |  | 1,962,267 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Cash Flow Statement

for the Year Ended 30 September 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 3,055,651 |  | 1,670,286 |  |

| Depreciation charges | 1,402,635 |  | 1,205,225 |  |

| Profit on disposal of fixed assets | (238,288 | ) | (208,791 | ) |

| Finance costs | 89,835 |  | 69,721 |  |

| Finance income | (40,597 | ) | (16,882 | ) |

4,269,236 |  | 2,719,559 |  |

| Increase in stocks | (379,355 | ) | (37,111 | ) |

| Decrease/(increase) in trade and other debtors | 61,546 |  | (1,864,060 | ) |

| Increase in trade and other creditors | 1,038,161 |  | 1,719,152 |  |

| Cash generated from operations | 4,989,588 |  | 2,537,540 |  |

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 30 September 2025

| 30.9.25 |  | 1.10.24

£ | £ |

| Cash and cash equivalents | 2,619,099 |  | 1,962,267 |  |

| Year ended 30 September 2024

| 30.9.24 |  | 1.10.23

£ | £ |

| Cash and cash equivalents | 1,962,267 |  | 1,067,706 |  |

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

| At 1.10.24 | Cash flow | At 30.9.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,962,267 |  | 656,832 |  | 2,619,099 |  |

1,962,267 |  | 656,832 |  | 2,619,099 |  |

| Debt

| Finance leases | (2,043,503 | ) | 1,095,250 |  | (948,253 | ) |

| Debts falling due within 1 year | (120,000 | ) | 40,000 |  | (80,000 | ) |

| Debts falling due after 1 year | (80,000 | ) | 80,000 |  | - |  |

(2,243,503 | ) | 1,215,250 |  | (1,028,253 | ) |

| Total | (281,236 | ) | 1,872,082 |  | 1,590,846 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | ACCOUNTING POLICIES

| General information and basis of preparing the financial statements

| Cleveland Land Services (Guisborough) Limited is a private limited company by shares incorporated in England and Wales. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and its principal activities are set out in the Report of the Directors on page 3.

| The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" (FRS102) and the Companies Act 2006 The financial statements have been prepared on the going concern basis under the historic cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

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

| Preparation of consolidated financial statements

| The company has taken the exemption under Section 402 of the Companies Act 2006 not to prepare consolidated financial statements, as the subsidiary is not material for the purpose of giving a true and fair view. These financial statements present information about the company as a single undertaking.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Hire of plant and equipment

| When the outcome of a transaction can be estimated reliably, turnover from hire of plant and equipment is recognised in the period the hire of plant and equipment related.

| Construction contracts

| Where the outcome of a construction can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. The stage of completion is measured using the contract costs incurred for work performed as a proportion of the estimated total costs; except where this would not be representative of the stages of completion.

| Where the outcome cannot be estimated reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

| When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

| Interest receivable

| Interest income is recognised using the effective interest method.

| 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 not provided

| Plant and machinery | - | 15% to 33% on reducing balance

| Fixtures and fittings | - | 50% on reducing balance

| Motor vehicles | - | 33% on reducing balance

| Portable Buildings | - | 25% on reducing balance

| Investment property

| Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

1. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| Work in progress on contract work is valued on the basis of cost plus attributable profit to date - provision being made for losses.

| Taxation

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

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

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

| Deferred tax

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

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

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

| Foreign currencies

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| Hire purchase and leasing commitments

| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

| Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period in which they relate. These contributions are invested seperately from the company's assets.

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

1. | ACCOUNTING POLICIES - continued

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Amounts recoverable on contracts

| Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing contracts, less payments on account received.

| Investments

| Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

2. | TURNOVER

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

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Hire of plant and equipment | 3,179,892 |  | 4,012,601 |  |

| Contract revenue | 30,133,865 |  | 21,592,955 |  |

| Padel | 35,739 |  | - |  |

33,349,496 |  | 25,605,556 |  |

| All activities are performed in the United Kingdom.

3. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Rents received | 50,097 |  | 54,122 |  |

| Sundry receipts | 16,589 |  | 2,436 |  |

66,686 |  | 56,558 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 4,535,610 |  | 4,106,514 |  |

| Social security costs | 538,457 |  | 454,370 |  |

| Other pension costs | 541,750 |  | 270,390 |  |

5,615,817 |  | 4,831,274 |  |

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

| 2025 |  | 2024

| Direct | 73 |  | 67 |  |

| Administration | 27 |  | 24 |  |

100 |  | 91 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 751,872 |  | 784,194 |  |

| Directors' pension contributions to money purchase schemes | 440,131 |  | 182,278 |  |

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

| Money purchase schemes | 4 |  | 5 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 178,855 |  | 238,064 |  |

| Pension contributions to money purchase schemes | 120,000 |  | 60,000 |  |

5. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 909,938 |  | 680,731 |  |

| Depreciation - assets on hire purchase contracts | 492,697 |  | 524,494 |  |

| Profit on disposal of fixed assets | (238,288 | ) | (208,791 | ) |

| Auditors remuneration | 16,000 |  | 17,100 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Loan Interest | 5,347 |  | 6,246 |  |

| Other interest | - |  | 24 |  |

| Discount Allowed | 194 |  | - |  |

| Hire purchase | 84,294 |  | 63,451 |  |

89,835 |  | 69,721 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

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 | 735,000 |  | 165,000 |  |

| Corporation tax adjustment for previous years | 250 |  | - |  |

| Total current tax | 735,250 |  | 165,000 |  |

| Deferred taxation | 52,000 |  | 262,000 |  |

| Tax on profit | 787,250 |  | 427,000 |  |

| UK corporation tax was charged at 25%) in 2024.

| 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 | 3,055,651 |  | 1,670,286 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 763,913 |  | 417,572 |  |

| Effects of:

| Expenses not deductible for tax purposes | 16,164 |  | 6,560 |  |

| Over/under provision of tax in current and prior years | (898 | ) | 1,147 |  |

| Capital allowance super-deduction disposal | 9,213 |  | 1,721 |  |

| Indexation on disposal | (1,142 | ) | - |  |

| Total tax charge | 787,250 |  | 427,000 |  |

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Interim | - |  | 81,103 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 October 2024 | 1,104,917 |  | 14,749,205 |  | 117,038 |  |

| Additions | - |  | 1,206,655 |  | - |  |

| Disposals | - |  | (1,024,109 | ) | - |  |

| At 30 September 2025 | 1,104,917 |  | 14,931,751 |  | 117,038 |  |

| DEPRECIATION

| At 1 October 2024 | 10,447 |  | 8,678,324 |  | 116,295 |  |

| Charge for year | 10,238 |  | 1,039,412 |  | 370 |  |

| Eliminated on disposal | - |  | (676,605 | ) | - |  |

| At 30 September 2025 | 20,685 |  | 9,041,131 |  | 116,665 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,084,232 |  | 5,890,620 |  | 373 |  |

| At 30 September 2024 | 1,094,470 |  | 6,070,881 |  | 743 |  |

| Motor |  | Portable |

| vehicles |  | Buildings |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 1,756,049 |  | 25,218 |  | 17,752,427 |  |

| Additions | 680,342 |  | - |  | 1,886,997 |  |

| Disposals | (224,140 | ) | - |  | (1,248,249 | ) |

| At 30 September 2025 | 2,212,251 |  | 25,218 |  | 18,391,175 |  |

| DEPRECIATION

| At 1 October 2024 | 991,216 |  | 25,074 |  | 9,821,356 |  |

| Charge for year | 352,579 |  | 36 |  | 1,402,635 |  |

| Eliminated on disposal | (171,232 | ) | - |  | (847,837 | ) |

| At 30 September 2025 | 1,172,563 |  | 25,110 |  | 10,376,154 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,039,688 |  | 108 |  | 8,015,021 |  |

| At 30 September 2024 | 764,833 |  | 144 |  | 7,931,071 |  |

| Included in the cost of freehold property is freehold land of £582,567 (2024 - £233,000) which is not depreciated.

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

9. | TANGIBLE FIXED ASSETS - continued

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 3,251,106 |  | 425,107 |  | 3,676,213 |  |

| Transfer to ownership | (1,094,850 | ) | (62,361 | ) | (1,157,211 | ) |

| At 30 September 2025 | 2,156,256 |  | 362,746 |  | 2,519,002 |  |

| DEPRECIATION

| At 1 October 2024 | 626,109 |  | 137,728 |  | 763,837 |  |

| Charge for year | 394,844 |  | 97,853 |  | 492,697 |  |

| Transfer to ownership | (397,570 | ) | (47,085 | ) | (444,655 | ) |

| At 30 September 2025 | 623,383 |  | 188,496 |  | 811,879 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,532,873 |  | 174,250 |  | 1,707,123 |  |

| At 30 September 2024 | 2,624,997 |  | 287,379 |  | 2,912,376 |  |

10. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 400 |  |

| NET BOOK VALUE

| At 30 September 2025 | 400 |  |

| At 30 September 2024 | 400 |  |

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

| Park Farm (Guisborough) Limited

| Registered office: England and Wales

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary shares | 100.00 |

| Ordinary non voting A shares | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 518 |  | 518 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

11. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024 | 120,462 |  |

| Disposals | (48,203 | ) |

| At 30 September 2025 | 72,259 |  |

| NET BOOK VALUE

| At 30 September 2025 | 72,259 |  |

| At 30 September 2024 | 120,462 |  |

| The company acquired a freehold property in 2014 as a long term investment. The directors have not carried out a formal valuation of this property as they believe that the cost at 30 September 2025 accurately reflects the fair value on the open market of the property in their current condition.

12. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 292,463 |  | 118,968 |  |

| Farm produce | 8,695 |  | 11,819 |  |

| Work-in-progress | 261,190 |  | 52,206 |  |

562,348 |  | 182,993 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 7,447,931 |  | 7,698,312 |  |

| Amounts owed by participating interests | 972,000 |  | - |  |

| Amounts recoverable on contract | 1,389,872 |  | 1,319,713 |  |

| Other debtors | 29,064 |  | 12,619 |  |

| Directors' current accounts | 735,000 |  | - |  |

| Prepayments | 331,279 |  | 229,047 |  |

10,905,146 |  | 9,259,691 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 16) | 80,000 |  | 120,000 |  |

| Hire purchase contracts (see note 17) | 635,066 |  | 1,024,306 |  |

| Trade creditors | 5,529,752 |  | 5,260,876 |  |

| Amounts owed to group undertakings | 518 |  | 518 |  |

| Amounts owed to participating interests | 4,076 |  | - |  |

| Taxation | 735,000 |  | 165,000 |  |

| Social security and other taxes | 139,793 |  | 174,399 |  |

| VAT | 429,221 |  | 98,537 |  |

| Other creditors | 181,840 |  | 141,015 |  |

| Provisions | 451,500 |  | 317,015 |  |

| Accruals and deferred income | 1,132,275 |  | 834,377 |  |

9,319,041 |  | 8,136,043 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | - |  | 80,000 |  |

| Hire purchase contracts (see note 17) | 313,187 |  | 1,019,197 |  |

313,187 |  | 1,099,197 |  |

16. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans - less than 1 yr | 80,000 |  | 120,000 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 80,000 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 635,066 |  | 1,024,306 |  |

| Between one and five years | 313,187 |  | 1,019,197 |  |

948,253 |  | 2,043,503 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 80,000 |  | 200,000 |  |

| Hire purchase contracts | 948,253 |  | 2,043,503 |  |

1,028,253 |  | 2,243,503 |  |

| The bank overdraft is secured by an unlimited debenture dated 30 July 2004 incorporating a fixed and floating charge.

| Included in bank loans are:

| A bank loan for £600,000 repayable over 6 years with repayments commencing 13 months after draw down of the loan in May 2020. Interest is charged at a rate of 1.36% plus base rate with the 1st year being interest free. This is secured by an unlimited debenture and a 1st Legal Charge over the freehold land and property at Park Farm.

| The hire purchase contracts are secured over the assets to which they relate.

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

19. | FINANCIAL INSTRUMENTS

| The carrying amounts of the company's financial instruments are as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Financial liabilities |  |

| Measured at amortised cost |  |

| - Bank loans (see notes 16 & 18) |  | 80,000 |  | 200,000 |  |

| - Hire purchase contracts (see note 17 & 18) |  | 948,253 |  | 2,043,503 |  |

|  | 1,028,253 |  | 2,243,503 |  |

| The expenses attributable to the company's financial instruments are summarised as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Expenses |  |

| Financial liabilities measured at amortised cost |  |

| - Bank loan interest |  | 5,347 |  | 6,246 |  |

| - Hire purchase interest |  | 84,294 |  | 63,461 |  |

|  | 89,641 |  | 69,697 |  |

20. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 1,546,000 |  | 1,232,000 |  |

| Transferred from/(to) profit and loss account | - |  | 262,000 |  |

1,546,000 |  | 1,494,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 1,494,000 |  |

| Provided during year | 52,000 |  |

| Balance at 30 September 2025 | 1,546,000 |  |

21. | CALLED UP SHARE CAPITAL

| Allotted and issued:

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

| value: | £ | £ |

| 240,612 | Ordinary | £1 | 240,612 |  | 240,612 |  |

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

22. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2024 | 8,487,032 |  |

| Profit for the year | 2,268,401 |  |

| At 30 September 2025 | 10,755,433 |  |

| Retained earnings

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

23. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss in the period in which they relate. The charge for the year was £541,750 (2024: £270,390). The amount outstanding at 30 September 2025 was £159,004 (2024: £134,506).

24. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 216,585 |  | 525,190 |  |

25. | OTHER FINANCIAL COMMITMENTS

| The total future minimum payments under non-cancellable operating leases as at 30 September 2025 was £281,497 (2024 : £Nil).

26. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025 | 2024 |

£ | £ |

| J A Miller

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 735,000 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 735,000 |  | - |  |

27. | RELATED PARTY DISCLOSURES

|  | Sales |  | Purchases |  | Outstanding balances due to/(from) the Company |  |

|  | £ |  | £ |  | £ |  |

| Other related parties |  |

| At 30 September 2025 |  |

| Company 1 |  | 68,431 |  | 136,750 |  | (4,076 | ) |

| Company 2 |  | - |  | - |  | 972,000 |  |

| At 30 September 2024 |  | 2,564 |  | 90,950 |  | - |  |

| Outstanding balances due to the Company are unsecured and undertaken on normal commercial terms.

| Key management personnel compensation in the year totalled £751,872 (2024: £784,194).

| Cleveland Land Services (Guisborough) |

| Limited (Registered number: 01390490) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

28. | POST BALANCE SHEET EVENTS

| On 1 October 2025, after the reporting period, the company entered into a new operating lease for a property located in Hartlepool to be used for an indoor sport.

| The lease runs for 10 years with annual lease payments of £57,500.

| As the lease was signed after the year-end, this represents a non-adjusting event under FRS 102 Section 32, and therefore no adjustment has been made to the financial statements in respect of this transaction.

29. | CONTROLLING PARTY

| Mrs C Miller, a director of the company controls the company by virtue of a controlling interest of 50.12% of the issued share capital.