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REGISTERED NUMBER: 06638727 (England and Wales)

LLB PARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| LLB PARKS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | Mr L T Burdon

| Mrs L L Burdon

| REGISTERED OFFICE: | Ashlea Pools Country Park

| Hopton Heath

| Craven Arms

| Shropshire

| SY7 0QD

| REGISTERED NUMBER: | 06638727 (England and Wales)

| ACCOUNTANTS: | TCA (Shrewsbury) LLP

| Third Floor

| 21 St Mary's Street

| Shrewsbury

| Shropshire

| SY1 1ED

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 3,002,150 |  | 2,819,517 |  |

3,002,150 |  | 2,819,517 |  |

CURRENT ASSETS

Stocks | 23,067 |  | 35,000 |  |

Debtors | 6 | 556,942 |  | 373,669 |  |

Cash at bank | - |  | 49,418 |  |

580,009 |  | 458,087 |  |

CREDITORS

Amounts falling due within one year | 7 | 359,075 |  | 265,466 |  |

NET CURRENT ASSETS | 220,934 |  | 192,621 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,223,084 |  | 3,012,138 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,144,106 | ) | (1,065,937 | ) |

PROVISIONS FOR LIABILITIES | (274,978 | ) | (262,294 | ) |

NET ASSETS | 1,804,000 |  | 1,683,907 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 10 | 582,200 |  | 601,887 |  |

Retained earnings | 1,221,700 |  | 1,081,920 |  |

SHAREHOLDERS' FUNDS | 1,804,000 |  | 1,683,907 |  |

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

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

The directors acknowledge their responsibilities for:

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

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

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

STATEMENT OF FINANCIAL POSITION - continued

31 JULY 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2026 and were signed on its behalf by:

Mr L T Burdon - Director

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| LLB Parks 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

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

| Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

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

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

| - 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 economic benefits associated with the transaction will flow to the company; and

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

| Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of the business in 2008, was originally amortised over its estimated useful life of twenty years and now, having been reassessed in 2017, its remaining useful life has been reduced to 5 years.

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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

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

| Improvements to property |  | - 10% on cost |  |

| Plant and machinery |  | - 10% on reducing balance |  |

| Fixtures and fittings |  | - 10% on reducing balance |  |

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

| Equipment |  | - 33% on cost |  |

| Land |  | - nil depreciation |  |

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Revaluation of tangible fixed assets

| On transition to FRS 102, the company adopted the exemption to include the fair value of the freehold property as deemed cost. This results in no further formal revaluations being required. The uplift from historic cost to fair value (deemed cost) has been shown in a revaluation reserve on the balance sheet for clarity as a non distributable reserve.

| Stocks

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

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| 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 statement of financial position date.

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

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

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

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

| Hire purchase and leasing commitments

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

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

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

| Pension costs and other post-retirement benefits

| The 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.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Interest income

| Interest income is recognised in the Profit and loss account using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 32 (2024 - 30 ) .

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 469,126 |  |

| AMORTISATION

| At 1 August 2024

| and 31 July 2025 | 469,126 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  |

| At 31 July 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 August 2024 | 3,164,967 |  | 16,999 |  | 99,911 |  |

| Additions | 195,650 |  | - |  | 15,595 |  |

| At 31 July 2025 | 3,360,617 |  | 16,999 |  | 115,506 |  |

| DEPRECIATION

| At 1 August 2024 | 592,108 |  | 8,500 |  | 39,299 |  |

| Charge for year | 63,338 |  | 1,700 |  | 8,133 |  |

| At 31 July 2025 | 655,446 |  | 10,200 |  | 47,432 |  |

| NET BOOK VALUE

| At 31 July 2025 | 2,705,171 |  | 6,799 |  | 68,074 |  |

| At 31 July 2024 | 2,572,859 |  | 8,499 |  | 60,612 |  |

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 August 2024 | 254,684 |  | 91,143 |  | 3,885 |  | 3,631,589 |  |

| Additions | 9,880 |  | 76,858 |  | - |  | 297,983 |  |

| At 31 July 2025 | 264,564 |  | 168,001 |  | 3,885 |  | 3,929,572 |  |

| DEPRECIATION

| At 1 August 2024 | 108,127 |  | 60,153 |  | 3,885 |  | 812,072 |  |

| Charge for year | 15,644 |  | 26,535 |  | - |  | 115,350 |  |

| At 31 July 2025 | 123,771 |  | 86,688 |  | 3,885 |  | 927,422 |  |

| NET BOOK VALUE

| At 31 July 2025 | 140,793 |  | 81,313 |  | - |  | 3,002,150 |  |

| At 31 July 2024 | 146,557 |  | 30,990 |  | - |  | 2,819,517 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 247,728 (2024 - £ 202,078 ) which is not depreciated.

| The freehold property was revalued on 31 July 2016. This fair valuation was included as the deemed cost.

| If the land and buildings had not been included at cost valuation they would have been included under the historical cost convention as fallows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Cost |  |  | 2,381,454 |  | 2,185,804 |  |

| Depreciation |  |  | 459,212 |  | 415,458 |  |

| Net book value |  |  | 1,922,242 |  | 1,770,346 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 10,321 |  | 5,840 |  |

| Other debtors | 48,867 |  | 48,867 |  |

| Prepayments and accrued income | 77,754 |  | 78,962 |  |

136,942 |  | 133,669 |  |

| Amounts falling due after more than one year:

| LLB Property Investments | 420,000 |  | 240,000 |  |

| Aggregate amounts | 556,942 |  | 373,669 |  |

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 69,854 |  | 50,331 |  |

| Allica Finance | 5,955 |  | 5,461 |  |

| Arkle finance | 16,400 |  | - |  |

| Trade creditors | 20,084 |  | 18,205 |  |

| Tax | 11,237 |  | 28,927 |  |

| Social security and other taxes | 6,154 |  | 4,180 |  |

| VAT | 79,089 |  | 78,504 |  |

| Other creditors | 81,380 |  | 56,165 |  |

| Accruals and deferred income | 68,922 |  | 23,693 |  |

359,075 |  | 265,466 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans - 2-5 years | 215,762 |  | 198,173 |  |

| Bounce back loan up to 5 years | - |  | 9,876 |  |

| Bank loans more 5 yr by instal | 617,102 |  | 680,088 |  |

| Allica Finance | 13,288 |  | 19,243 |  |

| Arkle finance | 83,600 |  | - |  |

| Directors' loan accounts | 214,354 |  | 158,557 |  |

1,144,106 |  | 1,065,937 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 617,102 |  | 680,088 |  |

9. | FINANCIAL INSTRUMENTS

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Financial assets |  |

| Financial assets measured at fair value through profit or loss |  | - |  | 49,418 |  |

| Financial assets that are debt instruments measured at amortised cost |  | 556,942 |  | 373,669 |  |

|  | 556,942 |  | 423,087 |  |

| Financial liabilities |  |

| Financial liabilities measured at amortised cost |  | 1,406,701 |  | 1,219,792 |  |

|  | 1,406,701 |  | 1,219,792 |  |

| Financial assets measured at fair value through profit or loss comprise the cash at bank.

| Financial assets measured at amortised cost comprise trade debtors and other debtors.

| Financial liabilities measured at amortised cost comprise trade and other creditors and accruals.

| LLB PARKS LIMITED (REGISTERED NUMBER: 06638727) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

10. | RESERVES

| Revaluation reserve

| The revaluation reserve represents the increase in the valuation of the freehold property in excess of historical costs. A deferred tax provision has been included and offset against the revaluation. The additional depreciation resulting from the revaluation has also been debited to the revaluation reserve. This reserve is not available for distribution.

| Profit & loss account

| The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. This is available for distribution.

11. | SECURED DEBTS

| The following secured debts are included within creditors:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Bank loans |  |  | 876,637 |  | 918,466 |  |

| Bank loans are secured over the freehold property and personally guaranteed by the directors.

| The amounts due under the hire purchase agreements are secured against the assets to which they relate.

12. | RELATED PARTY DISCLOSURE

| Included within debtors due after more than one year is £420,000 (2024: £240,000) owing from LLB Property Investments Limited, a company owned and controlled by Mr L T Burdon and Mrs L L Burdon, directors. This loan is interest free and the balance outstanding at the financial year end represents the highest amount outstanding during the year.

| Included within other debtors due within one year is £48,867 (2024: £48,867) owing from Locks Leisure Limited, a company owned and controlled by Mr L T Burdon, director. This loan is interest free and the balance outstanding at the financial year end represents the highest amount outstanding during the year.

| Included within other creditors due within one year is £80,073 (2024: £55,073) owing to LLB Leisure Limited, a company owned and controlled by Mr L T Burdon and Mrs L L Burdon, directors. This loan is interest free and the balance outstanding at the financial year end represents the highest amount outstanding during the year.

13. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr L T Burdon and Mrs L L Burdon.

14. | LEASING ARRANGEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Within one year |  | 6,255 |  | 6,255 |  |

| Between one and five years |  | 25,022 |  | 25,022 |  |

| More than five years |  | 619 |  | 6,874 |  |

|  | 31,896 |  | 38,151 |  |