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REGISTERED NUMBER: 12205317 (England and Wales)

| ST MILTON LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 8

ST MILTON LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | P E D Cooke

| A G A Cooke

| REGISTERED OFFICE: | Larkfleet House

| Falcon Way

| Bourne

| Lincolnshire

| PE10 0FF

| REGISTERED NUMBER: | 12205317 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 14 All Saints Street

| Stamford

| Lincolnshire

| PE9 2PA

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 732,016 |  | 732,560 |  |

Investments | 5 | 579,955 |  | 562,531 |  |

Investment property | 6 | 445,000 |  | 409,833 |  |

1,756,971 |  | 1,704,924 |  |

CURRENT ASSETS

Inventories | 68,122 |  | 100,714 |  |

Debtors | 7 | 562,584 |  | 586,362 |  |

Cash at bank | 354,530 |  | 460,866 |  |

985,236 |  | 1,147,942 |  |

CREDITORS

Amounts falling due within one year | 8 | 43,779 |  | 246,788 |  |

NET CURRENT ASSETS | 941,457 |  | 901,154 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,698,428 |  | 2,606,078 |  |

PROVISIONS FOR LIABILITIES | 8,792 |  | - |  |

NET ASSETS | 2,689,636 |  | 2,606,078 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2,000 |  | 2,000 |  |

Fair value reserve | 10 | 26,375 |  | - |  |

Retained earnings | 10 | 2,661,261 |  | 2,604,078 |  |

SHAREHOLDERS' FUNDS | 2,689,636 |  | 2,606,078 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

STATEMENT OF FINANCIAL POSITION - continued

30 SEPTEMBER 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 9 April 2026 and were signed on its behalf by:

P E D Cooke - Director

A G A Cooke - Director

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| St Milton 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Preparation of consolidated financial statements

| The financial statements contain information about St Milton Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

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

| Revenue

| Revenue is the total amount receivable by the company for goods supplied and services provided, excluding Value Added Tax and trade discounts.

| Crop sales are recognised on despatch from the farm or from external stores to the customer.

| Rental income is recognised in the period to which it relates.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost and no depreciation charged

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

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Investments in subsidiaries and associates

| Investments in subsidiaries and associate undertakings are recognised at cost less impairment.

| Investments

| Listed investments are recognisied 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 their fair value can be measured reliably. Other investments are measured at cost less impairment.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Inventories

| Inventories have been professionally valued by R Longstaff & Co, Chartered Surveyors, Valuers and Auctioneers at the lower of cost and fair value less costs to sell. In respect of crops in store, a deemed cost has been used for valuation purposes.

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has chosen to adopt the FRS102 1A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest

| 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.

| Deferred taxation

| 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 taxation 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Freehold |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024

| and 30 September 2025 | 728,932 |  | 5,908 |  | 734,840 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 2,280 |  | 2,280 |  |

| Charge for year | - |  | 544 |  | 544 |  |

| At 30 September 2025 | - |  | 2,824 |  | 2,824 |  |

| NET BOOK VALUE

| At 30 September 2025 | 728,932 |  | 3,084 |  | 732,016 |  |

| At 30 September 2024 | 728,932 |  | 3,628 |  | 732,560 |  |

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | FIXED ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Shares in group undertakings | 30,000 |  | 30,000 |  |

| Participating interests | 9,370 |  | 9,370 |  |

| Other investments not loans | 516,585 |  | 499,161 |  |

| Other loans | 24,000 |  | 24,000 |  |

579,955 |  | 562,531 |  |

| Additional information is as follows:

| Shares in |  | Interest |

| group |  | in |  | Listed |  | Unlisted |

| undertakings |  | associate |  | investments |  | investments |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 30,000 |  | 9,370 |  | 499,141 |  | 20 |  | 538,531 |  |

| Revaluations | - |  | - |  | 17,424 |  | - |  | 17,424 |  |

| At 30 September 2025 | 30,000 |  | 9,370 |  | 516,565 |  | 20 |  | 555,955 |  |

| NET BOOK VALUE

| At 30 September 2025 | 30,000 |  | 9,370 |  | 516,565 |  | 20 |  | 555,955 |  |

| At 30 September 2024 | 30,000 |  | 9,370 |  | 499,141 |  | 20 |  | 538,531 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Shares in |  | Interest |

| group |  | in |  | Listed |  | Unlisted |

| undertakings |  | associate |  | investments |  | investments |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2025 | - |  | - |  | 516,565 |  | - |  | 516,565 |  |

| Cost | 30,000 |  | 9,370 |  | - |  | 20 |  | 39,390 |  |

30,000 |  | 9,370 |  | 516,565 |  | 20 |  | 555,955 |  |

| Other

| loans

£ |

| At 1 October 2024

| and 30 September 2025 | 24,000 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024 | 409,833 |  |

| Revaluations | 35,167 |  |

| At 30 September 2025 | 445,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | 445,000 |  |

| At 30 September 2024 | 409,833 |  |

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2025 | 35,167 |  |

| Cost | 409,833 |  |

445,000 |  |

| Investment property was valued on an open market basis on 17 February 2026 by Richardson, Chartered Surveyors .

| The directors have used the professional valuation of 17 February 2026 at 30 September 2025 as they believe the value at that date was not materially different.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 35,164 |  | 27,773 |  |

| Other debtors | 413 |  | 19,937 |  |

| Amounts owed by related undertakings | 477,026 |  | 477,026 |  |

| Prepayments and accrued income | 49,981 |  | 61,626 |  |

562,584 |  | 586,362 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 23,695 |  | 34,237 |  |

| Amounts owed to group undertakings | 8,421 |  | 183,134 |  |

| Other creditors | - |  | 14,694 |  |

| Accruals and deferred income | 11,663 |  | 14,723 |  |

43,779 |  | 246,788 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2,000 | Ordinary | £1 | 2,000 |  | 2,000 |  |

10. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 October 2024 | 2,604,078 |  | - |  | 2,604,078 |  |

| Profit for the year | 83,558 |  | - |  | 83,558 |  |

| Transfer | (26,375 | ) | 26,375 |  | - |  |

| At 30 September 2025 | 2,661,261 |  | 26,375 |  | 2,687,636 |  |

| The aggregate surplus on re-measurement of investment property net of associated deferred tax, is transferred to a separate non-distributable reserve in order to assist with the identification of profits available for distribution.

ST MILTON LIMITED (REGISTERED NUMBER: 12205317)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company was owed £477,026 (2024: £477,026) by related undertakings in which a director/shareholder has a participating interest.

| The loans are interest free and repayable on demand.