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REGISTERED NUMBER: 00585157 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

C. L. PROSSER & CO. LIMITED

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

C. L. PROSSER & CO. LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mr R E Bainbridge

| Mr R L Bainbridge

| Mrs B S Sharpe

| SECRETARY: | Mrs B S Sharpe

| REGISTERED OFFICE: | 55 Loudoun Road

| London

| NW8 0DL

| REGISTERED NUMBER: | 00585157 (England and Wales)

| ACCOUNTANTS: | mgr SD Limited

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

BALANCE SHEET

31 MAY 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,104,086 |  | 1,451,778 |  |

CURRENT ASSETS

Stock and work in progress | 5 | 2,977,694 |  | 3,242,618 |  |

Debtors | 6 | 296,003 |  | 456,831 |  |

Cash at bank | 37 |  | 28 |  |

3,273,734 |  | 3,699,477 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,222,579 | ) | (3,042,144 | ) |

NET CURRENT ASSETS | 1,051,155 |  | 657,333 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,155,241 |  | 2,109,111 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (26,514 | ) | (62,506 | ) |

PROVISIONS FOR LIABILITIES | 11 | (227,499 | ) | (218,096 | ) |

NET ASSETS | 1,901,228 |  | 1,828,509 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 2,000 |  | 2,000 |  |

Revaluation reserve | 191,312 |  | 191,312 |  |

Retained earnings | 1,707,916 |  | 1,635,197 |  |

SHAREHOLDERS' FUNDS | 1,901,228 |  | 1,828,509 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

BALANCE SHEET - continued

31 MAY 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 26 March 2026 and were signed on its behalf by:

Mr R E Bainbridge - Director

Mr R L Bainbridge - Director

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| C. L. Prosser & Co. 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 represents net invoiced sales of goods and services, excluding value added tax.

| 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 | - Nil |

| Improvements to property | - over the estimated period of the lease |

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

| Fixtures and fittings | - 25% on reducing balance |

| Motor vehicles | - 25% on reducing balance |

| Depreciation is not provided on the freehold property as it consists of land and is included in the accounts at its revalued amount.

| Stocks

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

| 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.

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 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 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

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 31 (2024 - 33 ) .

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 June 2024 | 200,000 |  | 687,528 |  | 4,054,182 |  |

| Additions | - |  | - |  | 10,000 |  |

| Disposals | (200,000 | ) | - |  | (8,000 | ) |

| At 31 May 2025 | - |  | 687,528 |  | 4,056,182 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 568,023 |  | 3,007,736 |  |

| Charge for year | - |  | 24,489 |  | 158,467 |  |

| At 31 May 2025 | - |  | 592,512 |  | 3,166,203 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 95,016 |  | 889,979 |  |

| At 31 May 2024 | 200,000 |  | 119,505 |  | 1,046,446 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 182,540 |  | 490,678 |  | 5,614,928 |  |

| Additions | 44,961 |  | 28,000 |  | 82,961 |  |

| Disposals | - |  | - |  | (208,000 | ) |

| At 31 May 2025 | 227,501 |  | 518,678 |  | 5,489,889 |  |

| DEPRECIATION

| At 1 June 2024 | 143,308 |  | 444,083 |  | 4,163,150 |  |

| Charge for year | 21,048 |  | 18,649 |  | 222,653 |  |

| At 31 May 2025 | 164,356 |  | 462,732 |  | 4,385,803 |  |

| NET BOOK VALUE

| At 31 May 2025 | 63,145 |  | 55,946 |  | 1,104,086 |  |

| At 31 May 2024 | 39,232 |  | 46,595 |  | 1,451,778 |  |

| The directors have valued the freehold property at market value.

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 545,500 |  |

| DEPRECIATION

| At 1 June 2024 | 181,180 |  |

| Charge for year | 54,648 |  |

| At 31 May 2025 | 235,828 |  |

| NET BOOK VALUE

| At 31 May 2025 | 309,672 |  |

| At 31 May 2024 | 364,320 |  |

5. | STOCK AND WORK IN PROGRESS

| 31.5.25 |  | 31.5.24

£ | £ |

| Closing stock and

| work in progress | 2,977,694 |  | 3,242,618 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 278,289 |  | 448,283 |  |

| Other debtors | 17,714 |  | 8,548 |  |

296,003 |  | 456,831 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 756,337 |  | 964,633 |  |

| Hire purchase contracts | 14,000 |  | 119,058 |  |

| Trade creditors | 513,503 |  | 1,289,159 |  |

| Taxation and social security | 385,054 |  | 308,510 |  |

| Other creditors | 553,685 |  | 360,784 |  |

2,222,579 |  | 3,042,144 |  |

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans (see note 9) | 12,514 |  | 62,506 |  |

| Hire purchase contracts | 14,000 |  | - |  |

26,514 |  | 62,506 |  |

9. | LOANS

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 706,337 |  | 914,633 |  |

| Bank loans | 50,000 |  | 50,000 |  |

756,337 |  | 964,633 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 12,514 |  | 50,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 12,506 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank overdrafts | 706,337 |  | 914,633 |  |

| Hire purchase contracts | 28,000 |  | 119,058 |  |

734,337 |  | 1,033,691 |  |

| The bank overdraft is secured by a fixed charge over the freehold property, a debenture over the remaining assets and undertakings of the company and a personal guarantee given by the directors. Hire purchase liabilities are secured on the assets financed.

C. L. PROSSER & CO. LIMITED (REGISTERED NUMBER: 00585157)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

11. | PROVISIONS FOR LIABILITIES

| 31.5.25 |  | 31.5.24

£ | £ |

| Deferred tax | 227,499 |  | 218,096 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 218,096 |  |

| Provided during year | 9,403 |  |

| Balance at 31 May 2025 | 227,499 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

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

13. | RELATED PARTY DISCLOSURES

| The directors have given a personal guarantee amounting to £400,000 as additional security over the bank overdraft.

14. | PENSION COMMITMENTS

| The company makes payments to the defined contribution scheme. Amounts charged to the profit and loss account were £9,542 for the year (2024: £10,991). There were no outstanding or prepaid contributions at the balance sheet date.