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REGISTERED NUMBER: 00675283 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 October 2025

for

K.& H.(Bakewell) Limited

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 9 |

| Other Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 16 |

| K.& H.(Bakewell) Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Mr J B Hollingworth

| Ms E M Hollingworth

| Ms E J Hollingworth

| Mr P R Lowery

| REGISTERED OFFICE: | Haulage Depot

| Newhaven

| Nr Buxton

| Derbys

| SK17 0DZ

| REGISTERED NUMBER: | 00675283 (England and Wales)

| SENIOR STATUTORY AUDITOR: | James Salim FCCA

| AUDITORS: | SMH Group Audit

| Statutory Auditors

| 5 Westbrook Court

| Sharrow Vale Road

| Sheffield

| South Yorkshire

| S11 8YZ

| BANKERS: | National Westminster Bank plc

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Strategic Report

for the Year Ended 31 October 2025

The directors present their strategic report for the year ended 31 October 2025.

REVIEW OF BUSINESS

The revenue has continued to decline during the period by 5.4% (when using pro-rata 12 month comparative data), however profit before tax has slightly increased and net current liabilities has continued to decrease. The growth the company saw in 2023 was not sustainable long term and the overall results over the two following financial periods are seen as more than satisfactory by the directors.

Despite many external factors creating difficult trading conditions, the twelve month period has generated a trading profit before taxation of £87,941 (2024: 15 month period profit of £84,794).

The company continues to invest in fixed assets whilst being committed to reducing long term debt. This allows the business to continue to deliver services efficiently and to a high standard whilst reducing overall debt and related costs over a period of time.

PRINCIPAL RISKS AND UNCERTAINTIES

Like many businesses, there are several risks and uncertainties which the directors continually review. There are general risks and uncertainties which face all businesses such as the impact on interest rate changes.

The nature of our trade means that we are impacted by the general performance of the construction industry and the pressure on pricing which is due to high competition in our sector. The directors manage this well by keeping up to date with industry performance indicators and developments and ensuring that mitigating factors are introduced where necessary to ensure the continued success of the business.

Our haulage income and profitability can be significantly impacted by the volatility of fuel prices. Where possible, our pricing is adjusted to ensure that any rise in costs is covered and we seek to obtain good deals with our suppliers to keep any price increases to a minimum.

Whilst the vast majority of our workforce are contracted to the business as employees, we also make use of subcontract labour. This is helpful for many reasons but brings some risk in that they are not obliged to undertake any jobs we offer to them. We ensure that we are not excessively reliant on such third parties and keep a good balance between employees and subcontractors.

The business does not generally suffer from large amounts of bad debt. Whilst some customer accounts have credit terms which are longer than average, this is considered typical of the industry we operate within. We perform credit checks on new accounts, the debts are regularly reviewed and we are in regular contact with our customers to ensure we are not exposed to any large bad debts.

Over the years, we have developed a good brand and our name offers our customers comfort in that they can trust and rely upon us to deliver high quality services. The continued success of the brand is of utmost importance to the directors and will continue to be built upon.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Strategic Report

for the Year Ended 31 October 2025

FINANCIAL KEY PERFORMANCE INDICATORS

The board monitors the company's performance in a number of ways including key performance indicators. The key

financial performance indicators for the company are as follows:

| 2025 |  | 2024 |

| £ |  | £ |

Revenue decline |  | 5.4% |  | 1.7% (pro-rata for 12 mth period) |

Gross profit margin |  | 12% |  | 13% |

Net assets |  | 1,241,757 |  | 1,191,976 |

Net debt |  | 553,835 |  | 952,857 |

The directors are pleased with the performance of the business in the period despite the decline in revenue. The margin has remained healthy which has contributed towards a reduction in net debt whilst maintaining net assets.

ON BEHALF OF THE BOARD:

Mr J B Hollingworth - Director

17 April 2026

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Report of the Directors

for the Year Ended 31 October 2025

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

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of haulage services, stone sales, operation of a filling station and catering services.

The company continues to provide a diverse range of products and services to its valued customers.

DIVIDENDS

An interim dividend of £18 per share was paid on 31 March 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 October 2025 will be £ 38,160 .

FUTURE DEVELOPMENTS

The directors recognise areas for growth and are looking to invest to achieve this.

DIRECTORS

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

Mr J B Hollingworth

Ms E M Hollingworth

Ms E J Hollingworth

Mr P R Lowery

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The directors have been granted a qualifying third party indemnity provision under Section 234 of the Companies Act 2006. This indemnity does not provide cover in the event of a director acting fraudulently or dishonestly.

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). 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.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Report of the Directors

for the Year Ended 31 October 2025

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:

Mr J B Hollingworth - Director

17 April 2026

Report of the Independent Auditors to the Members of

K.& H.(Bakewell) Limited

Opinion

We have audited the financial statements of K.& H.(Bakewell) Limited (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other 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 31 October 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.

Report of the Independent Auditors to the Members of

K.& H.(Bakewell) Limited

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.

Responsibilities of directors

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

In preparing the financial statements, the directors are responsible for assessing the 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.

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

Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based

approach. In this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102, the relevant tax compliance regulations within the UK, employment law, and Health and Safety law is considered, and the policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies. The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Policies and controls relating to the risk of material misstatement as a result of fraud are also considered. These are

assessed by obtaining an understanding of the company's operations and control environment. The policies and

controls have been reviewed by discussion, review and sample testing of accounting entries, challenging assumptions and judgements, reviewing and evaluating related parties transactions, and wider background searches. Testing of cut off and income recognition is also completed.

We have ensured that the engagement team have appropriate levels of competence and experience to effectively

monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the industry the company operates in and its size and complexity.

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

K.& H.(Bakewell) Limited

Other matters which we are required to address

The financial statements for the prior period were audited by the predecessor auditor, Shorts. The prior period audit report was qualified and dated 19 May 2025.

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.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

17 April 2026

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Income Statement

for the Year Ended 31 October 2025

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| Notes | £ | £

TURNOVER | 3 | 9,940,357 |  | 13,133,307 |  |

Cost of sales | 8,744,012 |  | 11,425,357 |  |

GROSS PROFIT | 1,196,345 |  | 1,707,950 |  |

Administrative expenses | 1,070,448 |  | 1,571,809 |  |

125,897 |  | 136,141 |  |

Other operating income | 4 | 52,191 |  | 64,782 |  |

OPERATING PROFIT | 6 | 178,088 |  | 200,923 |  |

Interest receivable and similar income | 8 | 95 |  | 756 |  |

178,183 |  | 201,679 |  |

Interest payable and similar expenses | 9 | 90,242 |  | 116,885 |  |

PROFIT BEFORE TAXATION | 87,941 |  | 84,794 |  |

Tax on profit | 10 | - |  | - |  |

PROFIT FOR THE FINANCIAL YEAR | 87,941 |  | 84,794 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Other Comprehensive Income

for the Year Ended 31 October 2025

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| Notes | £ | £

PROFIT FOR THE YEAR | 87,941 |  | 84,794 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 87,941 |  | 84,794 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Balance Sheet

31 October 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 12 | 3,217 |  | 4,387 |  |

Tangible assets | 13 | 2,348,342 |  | 2,743,225 |  |

2,351,559 |  | 2,747,612 |  |

CURRENT ASSETS

Stocks | 14 | 610,156 |  | 511,461 |  |

Debtors | 15 | 1,417,772 |  | 1,311,183 |  |

Cash at bank and in hand | 3,586 |  | 64,927 |  |

2,031,514 |  | 1,887,571 |  |

CREDITORS

Amounts falling due within one year | 16 | 2,626,469 |  | 2,771,235 |  |

NET CURRENT LIABILITIES | (594,955 | ) | (883,664 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,756,604 |  | 1,863,948 |  |

CREDITORS

Amounts falling due after more than one year | 17 | (251,325 | ) | (408,450 | ) |

PROVISIONS FOR LIABILITIES | 20 | (263,522 | ) | (263,522 | ) |

NET ASSETS | 1,241,757 |  | 1,191,976 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 2,120 |  | 2,120 |  |

Share premium | 29,880 |  | 29,880 |  |

Revaluation reserve | 191,202 |  | 192,843 |  |

Retained earnings | 1,018,555 |  | 967,133 |  |

SHAREHOLDERS' FUNDS | 1,241,757 |  | 1,191,976 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

Mr J B Hollingworth - Director

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Statement of Changes in Equity

for the Year Ended 31 October 2025

Called up |  |

share | Retained | Share | Revaluation | Total |

capital | earnings | premium | reserve | equity |

| £ | £ | £ | £ | £

Balance at 1 August 2023 | 2,120 |  | 908,907 |  | 29,880 |  | 194,895 |  | 1,135,802 |  |

Changes in equity

Dividends | - |  | (28,620 | ) | - |  | - |  | (28,620 | ) |

Total comprehensive income | - |  | 86,846 |  | - |  | (2,052 | ) | 84,794 |  |

Balance at 31 October 2024 | 2,120 |  | 967,133 |  | 29,880 |  | 192,843 |  | 1,191,976 |  |

Changes in equity

Dividends | - |  | (38,160 | ) | - |  | - |  | (38,160 | ) |

Total comprehensive income | - |  | 89,582 |  | - |  | (1,641 | ) | 87,941 |  |

Balance at 31 October 2025 | 2,120 |  | 1,018,555 |  | 29,880 |  | 191,202 |  | 1,241,757 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Cash Flow Statement

for the Year Ended 31 October 2025

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| Notes | £ | £

Cash flows from operating activities

Cash generated from operations | 1 | 536,666 |  | 840,692 |  |

Interest paid | (20,223 | ) | (15,452 | ) |

Interest element of hire purchase payments paid | (70,019 | ) | (101,433 | ) |

Net cash from operating activities | 446,424 |  | 723,807 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (88,192 | ) | (270,894 | ) |

Sale of tangible fixed assets | 76,540 |  | 172,250 |  |

Interest received | 95 |  | 756 |  |

Net cash from investing activities | (11,557 | ) | (97,888 | ) |

Cash flows from financing activities

New HPs in year | 60,535 |  | - |  |

Loan repayments in year | (45,591 | ) | (59,451 | ) |

Capital repayments in year | (481,770 | ) | (576,269 | ) |

Amount withdrawn by directors | 3,395 |  | - |  |

Equity dividends paid | (38,160 | ) | (28,620 | ) |

Net cash from financing activities | (501,591 | ) | (664,340 | ) |

Decrease in cash and cash equivalents | (66,724 | ) | (38,421 | ) |

Cash and cash equivalents at beginning of year | 2 | 64,927 |  | 103,348 |  |

Cash and cash equivalents at end of year | 2 | (1,797 | ) | 64,927 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Cash Flow Statement

for the Year Ended 31 October 2025

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

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Profit before taxation | 87,941 |  | 84,794 |  |

| Depreciation charges | 386,532 |  | 572,854 |  |

| Loss/(profit) on disposal of fixed assets | 21,173 |  | (14,822 | ) |

| Finance costs | 90,242 |  | 116,885 |  |

| Finance income | (95 | ) | (756 | ) |

585,793 |  | 758,955 |  |

| Increase in stocks | (98,695 | ) | (37,642 | ) |

| Increase in trade and other debtors | (108,337 | ) | (39,270 | ) |

| Increase in trade and other creditors | 157,905 |  | 158,649 |  |

| Cash generated from operations | 536,666 |  | 840,692 |  |

2. | CASH AND CASH EQUIVALENTS

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

| Year ended 31 October 2025

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

| £ | £

| Cash and cash equivalents | 3,586 |  | 64,927 |  |

| Bank overdrafts | (5,383 | ) | - |  |

(1,797 | ) | 64,927 |  |

| Period ended 31 October 2024

| 31/10/24 |  | 1/8/23

| £ | £

| Cash and cash equivalents | 64,927 |  | 103,348 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Cash Flow Statement

for the Year Ended 31 October 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

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

| £ | £ | £

| Net cash |

| Cash at bank and in hand | 64,927 |  | (61,341 | ) | 3,586 |  |

| Bank overdrafts | - |  | (5,383 | ) | (5,383 | ) |

64,927 |  | (66,724 | ) | (1,797 | ) |

| Debt

| Finance leases | (820,133 | ) | 421,235 |  | (398,898 | ) |

| Debts falling due within 1 year | (152,992 | ) | 114,266 |  | (38,726 | ) |

| Debts falling due after 1 year | (42,634 | ) | (68,675 | ) | (111,309 | ) |

(1,015,759 | ) | 466,826 |  | (548,933 | ) |

| Total | (950,832 | ) | 400,102 |  | (550,730 | ) |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| K.& H.(Bakewell) 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 Company 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 as modified by the revaluation of certain assets.

| Critical accounting judgements and key sources of estimation uncertainty

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have the greatest level of uncertainty are addressed below:

| (i) Depreciation of fixed assets

| The depreciation rates adopted for all classes of property, plant and equipment are an estimate based on management's best estimate of the use and longevity of the asset.

| (ii) Stock provisioning

| The company makes an estimate of the recoverable value of stock. When assessing impairment of stock,management considers factors such as market conditions, ageing profile of stock and historical experience. No such provisions were made in the current or prior period.

| (iii) Impairment of debtors

| The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. The amount of trade debtors after making such a provision was £1,356,623 (2024: £1,224,398).

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 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.

| Freehold property | - | 2% on cost

| Long leasehold | - | 5% on cost

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

| Motor vehicles | - | 20% on reducing balance

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Revaluation of tangible fixed assets

| Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

| Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade receivables and payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

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

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

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

| Deferred tax

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

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

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

| Foreign currencies

| Functional and presentation currency

| The Company's functional and presentational currency is pounds sterling.

| Transactions and balances

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Reporting period

| These financial statements present a twelve month period to 31 October 2025. The comparative period reflects the fifteen month period from 1 August 2023 to 31 October 2024, following the directors decision to extend the period end. As a result the comparative figures are not entirely comparable.

| Going concern

| At the year end date, the Company had net current liabilities totalling £594,955 (2024: £883,664). The ability of the Company to meet its liabilities as they fall due is dependent on the future profitability and cash generation of the Company. The directors are confident that the Company will be able to pay its debts as they fall due and accordingly these accounts are prepared on a going concern basis.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

3. | TURNOVER

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the Company has transferred the significant risks and rewards of ownership to the buyer;

| - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured

| reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

4. | OTHER OPERATING INCOME

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Rents received | 49,928 |  | 61,924 |  |

| Sundry receipts | 2,263 |  | 2,858 |  |

52,191 |  | 64,782 |  |

5. | EMPLOYEES AND DIRECTORS

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Wages and salaries | 1,519,123 |  | 1,966,344 |  |

| Social security costs | 103,177 |  | 196,625 |  |

| Other pension costs | 70,150 |  | 43,316 |  |

1,692,450 |  | 2,206,285 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | EMPLOYEES AND DIRECTORS - continued

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

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| Directors | 4 |  | 4 |  |

| Staff - Admin | 7 |  | 8 |  |

| Staff - Production | 43 |  | 51 |  |

54 |  | 63 |  |

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Directors' remuneration | 129,362 |  | 156,792 |  |

| During the period retirement benefits were accruing to 3 directors (2024 - 3) in respect of defined contribution pension schemes.

6. | OPERATING PROFIT

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

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Hire of plant and machinery | 155,502 |  | 72,681 |  |

| Depreciation - owned assets | 104,516 |  | 186,043 |  |

| Depreciation - assets on hire purchase contracts | 280,846 |  | 385,348 |  |

| Loss/(profit) on disposal of fixed assets | 21,173 |  | (14,822 | ) |

| Goodwill amortisation | 1,170 |  | 1,463 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

7. | AUDITORS' REMUNERATION

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Fees payable to the company's auditors for the audit of the company's financial statements | 10,000 |  | 6,500 |  |

| Total audit fees | 10,000 |  | 6,500 |  |

| Auditors' remuneration for non audit work | 5,000 |  | 5,500 |  |

| Total non-audit fees | 5,000 |  | 5,500 |  |

| Total fees payable | 15,000 |  | 12,000 |  |

8. | INTEREST RECEIVABLE AND SIMILAR INCOME |

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Bank interest receivable | 95 |  | 701 |  |

| Other interest receivable | - |  | 55 |  |

95 |  | 756 |  |

9. | INTEREST PAYABLE AND SIMILAR EXPENSES |

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Bank loan interest | 11,490 |  | 15,452 |  |

| Other loan interest | 8,733 |  | - |  |

| Hire purchase | 70,019 |  | 101,433 |  |

90,242 |  | 116,885 |  |

10. | TAXATION

| Analysis of the tax charge

| No liability to UK corporation tax arose for the year ended 31 October 2025 nor for the period ended 31 October 2024.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

10. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

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

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Profit before tax | 87,941 |  | 84,794 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 21,985 |  | 21,199 |  |

| Effects of:

| Expenses not deductible for tax purposes | 446 |  | 832 |  |

| Depreciation in excess of capital allowances | 117,976 |  | 5,171 |  |

| Utilisation of tax losses | (101,954 | ) | - |  |

| Movement in deferred tax not recognised | (38,453 | ) | (27,202 | ) |

| Total tax charge | - |  | - |  |

11. | DIVIDENDS

Period |

1/8/23 |

Year Ended | to |

31/10/25 | 31/10/24 |

| £ | £

| Interim | 38,160 |  | 28,620 |  |

12. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 November 2024

| and 31 October 2025 | 11,700 |  |

| AMORTISATION

| At 1 November 2024 | 7,313 |  |

| Amortisation for year | 1,170 |  |

| At 31 October 2025 | 8,483 |  |

| NET BOOK VALUE

| At 31 October 2025 | 3,217 |  |

| At 31 October 2024 | 4,387 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

13. | TANGIBLE FIXED ASSETS

Fixtures |  |

Freehold | Long | and | Motor |  |

property | leasehold | fittings | vehicles | Totals |

| £ | £ | £ | £ | £

| COST OR VALUATION

| At 1 November 2024 | 977,982 |  | 197,857 |  | 147,698 |  | 3,445,434 |  | 4,768,971 |  |

| Additions | - |  | 2,500 |  | 3,631 |  | 82,061 |  | 88,192 |  |

| Disposals | - |  | - |  | - |  | (430,670 | ) | (430,670 | ) |

| At 31 October 2025 | 977,982 |  | 200,357 |  | 151,329 |  | 3,096,825 |  | 4,426,493 |  |

| DEPRECIATION

| At 1 November 2024 | 113,652 |  | 119,001 |  | 72,515 |  | 1,720,578 |  | 2,025,746 |  |

| Charge for year | 15,060 |  | 6,900 |  | 11,689 |  | 351,713 |  | 385,362 |  |

| Eliminated on disposal | - |  | - |  | - |  | (332,957 | ) | (332,957 | ) |

| At 31 October 2025 | 128,712 |  | 125,901 |  | 84,204 |  | 1,739,334 |  | 2,078,151 |  |

| NET BOOK VALUE

| At 31 October 2025 | 849,270 |  | 74,456 |  | 67,125 |  | 1,357,491 |  | 2,348,342 |  |

| At 31 October 2024 | 864,330 |  | 78,856 |  | 75,183 |  | 1,724,856 |  | 2,743,225 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 150,000 (2024 - £ 150,000 ) which is not depreciated.

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

Fixtures |  |

Freehold | Long | and | Motor |  |

property | leasehold | fittings | vehicles | Totals |

| £ | £ | £ | £ | £

| Valuation in 2013 | 425,000 |  | - |  | - |  | - |  | 425,000 |  |

| Cost | 552,982 |  | 200,357 |  | 151,329 |  | 3,096,825 |  | 4,001,493 |  |

977,982 |  | 200,357 |  | 151,329 |  | 3,096,825 |  | 4,426,493 |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

| £ | £

| Cost | 820,916 |  | 820,916 |  |

| Aggregate depreciation | 165,842 |  | 149,424 |  |

| Freehold land and buildings were valued on an open market basis on 31 October 2025 by the directors .

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

13. | TANGIBLE FIXED ASSETS - continued

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

Motor |

vehicles |

| £

| COST OR VALUATION

| At 1 November 2024 | 2,204,407 |  |

| Additions | 50,446 |  |

| Disposals | (27,262 | ) |

| At 31 October 2025 | 2,227,591 |  |

| DEPRECIATION

| At 1 November 2024 | 838,976 |  |

| Charge for year | 280,846 |  |

| Eliminated on disposal | (17,062 | ) |

| At 31 October 2025 | 1,102,760 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,124,831 |  |

| At 31 October 2024 | 1,365,431 |  |

14. | STOCKS

2025 | 2024 |

| £ | £

| Materials for resale | 444,682 |  | 381,439 |  |

| Finished goods for resale | 165,474 |  | 130,022 |  |

610,156 |  | 511,461 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 1,356,623 |  | 1,244,398 |  |

| Other debtors | 10,341 |  | 13,402 |  |

| Directors' current accounts | 10,496 |  | 12,811 |  |

| Prepayments and accrued income | 40,312 |  | 40,572 |  |

1,417,772 |  | 1,311,183 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts (see note 18) | 44,109 |  | 152,992 |  |

| Hire purchase contracts (see note 19) | 258,882 |  | 454,317 |  |

| Trade creditors | 1,147,700 |  | 998,509 |  |

| Tax | 567 |  | - |  |

| Social security and other taxes | 54,919 |  | 40,645 |  |

| VAT | 142,430 |  | 137,109 |  |

| Other creditors | 909,757 |  | 889,332 |  |

| Directors' current accounts | 3,105 |  | 2,025 |  |

| Accruals and deferred income | 65,000 |  | 96,306 |  |

2,626,469 |  | 2,771,235 |  |

| Included within other creditors are amounts totalling £802,450 (2024: £872,950) which are secured against the book debt of the Company.

| Bank loans are secured by way of legal charge and debenture over the Company's assets.

| Obligations under finance lease and hire purchase contracts are secured against the underlying assets.

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

2025 | 2024 |

| £ | £

| Bank loans (see note 18) | 111,309 |  | 42,634 |  |

| Hire purchase contracts (see note 19) | 140,016 |  | 365,816 |  |

251,325 |  | 408,450 |  |

| Bank loans are secured by way of legal charge and debenture over the Company's assets.

| Obligations under finance lease and hire purchase contracts are secured against the underlying assets.

18. | LOANS

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

2025 | 2024 |

| £ | £

| Amounts falling due within one year or on demand:

| Bank overdrafts | 5,383 |  | - |  |

| Bank loans | 38,726 |  | 152,992 |  |

44,109 |  | 152,992 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 52,916 |  | 42,634 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

18. | LOANS - continued

2025 | 2024 |

| £ | £

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 58,393 |  | - |  |

| The loans are made up as follows:

|  | 31 October 2025 |  | 31 October 2024 |  |

| £ |  | £ |  |

| Bank loan - 3% per annum above base repayable April 2033 |  | 109,088 |  | 117,473 |  |

| Bank loan - 3.69% per annum fixed repayable May 2026 |  | 28,877 |  | 45,395 |  |

| Bank loan - 3.69% per annum above base repayable April 2026 |  | 12,070 |  | 32,758 |  |

|  | 150,035 |  | 195,626 |  |

| The bank loan repayable by April 2033 was originally due in June 2024 but was refinanced in April 2025.

19. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

| £ | £

| Net obligations repayable:

| Within one year | 258,882 |  | 454,317 |  |

| Between one and five years | 140,016 |  | 241,038 |  |

| In more than five years | - |  | 124,778 |  |

398,898 |  | 820,133 |  |

Non-cancellable |

operating leases |

2025 | 2024 |

| £ | £

| Within one year | 147,453 |  | 115,402 |  |

| Between one and five years | 425,863 |  | 421,392 |  |

573,316 |  | 536,794 |  |

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

20. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Deferred tax | 263,522 |  | 263,522 |  |

Deferred tax |

| £

| Balance at 1 November 2024 | 263,522 |  |

| Balance at 31 October 2025 | 263,522 |  |

| The provision for deferred taxation is made up as follows:

|  | 31 October 2025 |  | 31 October 2024 |  |

| £ |  | £ |  |

| Accelerated capital allowances |  | 568,196 |  | 568,196 |  |

| Tax losses carried forward |  | (311,557 | ) | (311,557 | ) |

| Pension surplus |  | (665 | ) | (665 | ) |

| Revaluation surplus |  | 7,548 |  | 7,548 |  |

|  | 263,522 |  | 263,522 |  |

21. | CALLED UP SHARE CAPITAL

| Allotted and issued:

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

value: |  | £ | £

| 2,120 | Ordinary | £1 | 2,120 |  | 2,120 |  |

22. | PENSION COMMITMENTS

| The Company operates a defined contributions 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 £74,065 (2024: £48,074). Contributions totalling £14,176 (2024: £14,382) were payable to the fund at the balance sheet date and are included in creditors.

| K.& H.(Bakewell) Limited (Registered number: 00675283) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

23. | RELATED PARTY DISCLOSURES

| In the period dividends of £38,160 (2024: £28,620) were paid to the directors.

| Directors had balances due from the company of £3,105 (2024: £2,025). During the period, this included drawings of £NIL (2024: £NIL) and capital introduced of £1,080 (2024: £810).

| Directors had balances due to the company of £10,496 (2024: £11,258). During the period, this included drawings of £46,318 (2024: £41,571) and capital introduced of £47,080 (2024: £33,810).

| Included within trade debtors are amounts due from related party companies totalling £141,609 (2024: £99,330). The related party transactions relate to companies under the common control of a director and spouses. All transactions in the year were conducted under normal market conditions.

| Included within trade creditors are amounts due to related party companies totalling £64,022 (2024: £33,375).The related party transactions relate to companies under the common control of a director and spouses. All transactions in the year were conducted under normal market conditions.

| The company has use of land and buildings owned by the director/family for which no rent is charged.

24. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr J B Hollingworth.