The directors present their annual report on the affairs of the Company together with the financial statements for the 52 weeks ended 31 August 2025. Comparative figures are shown for the 52 weeks ended 1 September 2024.

Due to being a small company, the entity has taken the exemption from producing a strategic report.

The company is a wholly owned subsidiary of the Costco Wholesale UK Limited group ("The Group") which is engaged in operating cash & carry membership warehouses.

The principal activity of the company is the holding of a freehold property for the group’s operations and subsequent leaseback to the operating company, Costco Wholesale UK Limited.

The directors continue to review the property structure of the UK group, including Costco Limited, and are currently evaluating if there is a continued need to have the remaining property in a separate company. The timeframe for any decisions being made is over a year away from the date of signing these financial statements.

The directors who held office during the Period and up to the date of signature of the financial statements were as follows:

Going Concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The company was set up to hold a property that is rented to its immediate parent undertaking and receives stable rental income.

The company is reliant on Costco Wholesale UK Limited for its working capital requirements. The directors have performed a going concern assessment for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds, through funding from its immediate parent company, Costco Wholesale UK Limited, to meet its liabilities as they fall due for that period.

Those forecasts are dependent on Costco Wholesale UK Limited providing additional financial support during that period. Costco Wholesale UK Limited has indicated its intention to continue to make available such funds as are needed by the company for the period covered by the assessment. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

The senior management team of the group meet on a regularly basis in order to discuss and ensure that appropriate measures are in place to safeguard the operations and financial position of our business including the health of our employees and members in all our locations.

The company’s parent company, Costco Wholesale UK Limited, has sufficient financial resources to continue to pay rentals due under the lease.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The Company made no political donation or incurred any political expenditure during the year (2024:Nil)

There were no recognised gains or losses in either period other than the result for each period.

All operations of the company continued throughout the current period. No operations were acquired or disposed during either financial period.

The notes on pages 7 to 12 form part of these financial statements.

For the financial Period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

For the financial Period ended 31 August 2025 the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to a guarantee provided by its parent undertaking in accordance with section 479C.

The directors acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.

Costco Limited is a company limited by shares and registered in England and Wales.

The principal accounting policies are summarised below. The accounting period covers 2 September 2024 to 31 August 2025. Comparative figures are shown for 04 September 2023 to 1 September 2024.

The Company’s parent undertaking, Costco Wholesale UK Limited, includes the Company in its consolidated financial statements. The consolidated financial statements of Costco Wholesale UK Limited are available to the public and may be obtained from UK Home Office, Hartspring Lane, Watford, WD25 8JS. In these financial statements the company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures:

• Cash Flow Statement and related notes; and

• Key Management Personnel compensation; and

• Financial instrument disclosure.

The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.

These financial statements were prepared in accordance with Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (UK Generally Accepted Accounting Practice applicable to Smaller Entities) (“FRS 102 Section 1A”) as issued in March 2018. The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1,000. The financial statements are prepared on the historical cost basis.

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The company was set up to hold a property that is rented to its immediate parent undertaking and receives stable rental income. true

The company is reliant on Costco Wholesale UK Limited for its working capital requirements. The directors have performed a going concern assessment for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds, through funding from its immediate parent company, Costco Wholesale UK Limited, to meet its liabilities as they fall due for that period.

Those forecasts are dependent on Costco Wholesale UK Limited providing additional financial support during that period. Costco Wholesale UK Limited has indicated its intention to continue to make available such funds as are needed by the company for the period covered by the assessment. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

Turnover comprises rent receivable on property leases (excluding VAT and similar taxes) on an accruals basis.

In accordance with FRS 102 the company is permitted to take up the option for investment property rented to another group entity to be treated as a tangible fixed asset. The Company has chosen this option and the property owned by the Company is shown at cost less accumulated depreciation.

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible fixed assets other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follow:

Trade and other debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more or a right to pay less, tax in the future have occurred at the balance sheet date, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

The preparation of financial statements usually requires management to make judgements, estimates and assumptions in applying the accounting policies. Any estimates and assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis, with revisions to accounting estimates applied prospectively.

There were no judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year.

Turnover comprises rental income from a property lease with the parent undertaking arising wholly in the UK.

The average monthly number of persons (including directors) employed by the company during the Period was:

The company did not have any employees during the period.

During the period, no director was remunerated through the company (2024: £Nil). The notional cost of directors not remunerated through the company has been considered and is deemed to be trivial for the period ended 31 August 2025 and for period ending 1 September 2024.

The actual charge for the Period can be reconciled to the expected charge for the Period based on the profit or loss and the standard rate of tax as follows:

Freehold land amounting to £7,090,000 (2024: £7,090,000) has not been depreciated.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

The deferred tax asset set out above is expected to reverse within 52 weeks and relates to the utilisation of tax losses against future expected profits of the same period.

The immediate parent company is Costco Wholesale UK Limited, which heads up the smallest group to consolidate these financial statements. Copies of Costco Wholesale UK Limited financial statements are available to the public and can be obtained from UK Home Office, Hartspring Lane, Watford, WD25 8JS.

The ultimate parent company and controlling party is Costco Wholesale Corporation a company incorporated in the United States of America, which is the parent undertaking of the largest group to consolidate these financial statements. Copies of Costco Wholesale Corporation consolidated financial statements are available to the public and can be obtained from 999 Lake Drive, Issaquah, WA 98027, U.S.A.

The company is controlled by Costco Wholesale UK Limited, the immediate parent undertaking, which indirectly controls 100% of the company’s voting rights. The ultimate controlling party is Costco Wholesale Corporation.

As 100% of the company’s voting rights are controlled within the group headed by Costco Wholesale Corporation, the company has taken advantage of the exemption contained in FRS 102 and has therefore not disclosed transactions or balances with entities which form part of the group headed by Costco Wholesale Corporation.

Subsequent to the year end, there have been no events to record and no resulting financial effects on the Company.

The directors:

• confirm that the company was entitled to exemption under section 479A of the Companies Act 2006 relating to a guarantee provided by its parent undertaking in accordance with section 479C from the requirement to have its financial statements for the financial year ended 31 August 2025 audited,

• confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006; and

• acknowledge their responsibilities for:

  • ensuring that the company keeps adequate accounting records which comply with section 386 of the Companies Act 2006; and

  • preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 393 and 394 of the Companies Act 2006, and which otherwise comply with the requirements of that Act relating to financial statements, so far as applicable to the company.