J. D. Hunter & Co. Limited Company accounts

COMPANY REGISTRATION NUMBER: NI034019

J. D. Hunter & Co. Limited

Financial Statements

31 January 2026

J. D. Hunter & Co. Limited

Financial Statements

Year ended 31 January 2026

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	6

Statement of income and retained earnings	11

Statement of financial position	12

Notes to the financial statements	13

J. D. Hunter & Co. Limited

Strategic Report

Year ended 31 January 2026

The directors present the strategic report for the year ended 31 January 2026. Fair review of the business The directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year-end. Our review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties we face. The company operates a single retail outlet located in Markethill, County Armagh. The activities of the business are complementary to the existing trading activities of the Creighton Group who operate three retail forecourt outlets in Belfast. Historically the group has made significant investment into all of the sites with a view to ensuring the future growth and profitability of the group and establishing a client service offering that is recognised for the highest retail standards in the industry. This same level of long-term investment is planned for the Markethill location building on the strong community presence already established over many years. Trading performance in the year was satisfactory with a reported turnover of £11,601,783 (2025: £11,444,299). The company reported a profit after tax for the period of £165,992 (2025: £160,767). The profit for the year was after charging amortisation and depreciation of £77,374 (2025: £93,835). The gross profit margin in the year of 8.1% (2025: 8.0%) remained consistent. Therefore, the directors are satisfied with the performance during the year.

Principal risks and uncertainties The business environment continues to be challenging in the current economic environment. Customers are continuing to be price conscious and therefore keenly priced products and offers will continue to put pressure on margins attainable by the group. Management continue to carry out strategic reviews including assessments of competitor activity, market trends and customer behaviour. The group has strong relationships with its suppliers and funders and continues to work closely with them to manage the ongoing growth of the business. Development and performance The directors are committed to long term creation of shareholder value by increasing market share through organic economic growth. Further successful implementation of this growth strategy combined with achievements of improvements in buying, inventory management and cost savings resulted in the satisfactory results in the year, despite the sector remaining highly competitive. Key performance indicators The group's key performance indicators are as follows:

	2026	2025
	£	£
Sales	11,601,783	11,444,299
Gross profit margin (%)	8	8

Sales have shown satisfactory growth during the year.

This report was approved by the board of directors on 8 May 2026 and signed on behalf of the board by:

Mr N Creighton

Director

Registered office:

87-89 Upper Lisburn Road

Finaghy

Belfast

BT10 0GY

J. D. Hunter & Co. Limited

Directors' Report

Year ended 31 January 2026

The directors present their report and the financial statements of the company for the year ended 31 January 2026 .

Principal activities

The principal activity of the company continued to be that of retail sale of groceries. Financial instruments Treasury operations and Financial Instruments The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring the levels of debt finance and related finance costs. Given the size of the wider group the directors monitor the financial risk management. The policies set by the directors are implemented by the group's finance department. The company's principal financial instruments include bank overdrafts and loans, the main purpose of which is to raise finance for the company's operations. In addition, the company has various other financial assets and liabilities such as trade debtors and trade creditors arising directly from its operations. Liquidity risk The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business. Interest rate risk The company is exposed to fair value interest rate risk on its fixed rate borrowings and cash flow interest rate risk on floating rate deposits, bank overdrafts and loans. The company uses a mix of fixed and variable rate debt so as to reduce its exposure to changes in interest rates. Credit risk All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary. Price risk The company is exposed to commodity price risk as a result of its operations. However given the size of the company operations, the cost of managing exposure exceeds any potential benefits. The company has no exposure to equity security price risk as it holds no listed or other equity investments.

Directors

The directors who served the company during the year were as follows:

Ms G Boyd
Mr N Creighton

Dividends

The directors do not recommend the payment of a dividend.

Future developments

The directors consider the state of the company's affairs to be satisfactory and hope to continue this positive trend in the future.

Subsequent to the reporting date, on 21 April 2026, the ultimate parent company entered into an agreement to dispose of Creightons of Markethill Ltd and its subsidiary J.D. Hunter & Co. Limited. As the conditions leading to the disposal did not exist at 31 January 2026, the event is treated as non-adjusting. No adjustments have been made to the financial statements. The expected consideration is £1; there is no anticipated financial impact on the future trading of the company.

Events after the end of the reporting period

Particulars of events after the reporting date are detailed in note 22 to the financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report 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 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 judgments 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 8 May 2026 and signed on behalf of the board by:

Mr N Creighton

Director

Registered office:

87-89 Upper Lisburn Road

Finaghy

Belfast

BT10 0GY

J. D. Hunter & Co. Limited

Independent Auditor's Report to the Members of J. D. Hunter & Co. Limited

Year ended 31 January 2026

Opinion

We have audited the financial statements of J. D. Hunter & Co. Limited (the 'company') for the year ended 31 January 2026 which comprise the statement of income and retained earnings, statement of financial position and the related notes, 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 FRS 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 January 2026 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 auditor's 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

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 directors' report. We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor’s report 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: - the nature of the industry and sector, control environment and business performance including the design of the Group's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets; - results of our enquiries of management about their own identification and assessment of the risks of irregularities; - any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; - the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and Taxation Legislation. Audit response to risks identified Our procedures to respond to risks identified included the following: - reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - enquiring of management and external legal counsel concerning actual and potential litigation and claims; - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; - reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and - in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in new making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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 an auditor's report 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.

Cathal Maneely

(Senior Statutory Auditor)

For and on behalf of

Maneely Mc Cann Audit Limited

Chartered accountants & statutory auditor

Aisling House

50 Stranmillis Embankment

Belfast

BT9 5FL

8 May 2026

J. D. Hunter & Co. Limited

Statement of Income and Retained Earnings

Year ended 31 January 2026

		2026	2025
Note		£	£
Turnover	4	11,601,783	11,444,299

Cost of sales	10,657,419	10,539,833
	-------------	-------------
Gross profit	944,364	904,466

Administrative expenses		756,000	698,865
Other operating income	5	16,883	9,311
		---------	---------
Operating profit	6	205,247	214,912

Other interest receivable and similar income	9	–	13
Interest payable and similar expenses	10	–	42
		---------	---------
Profit before taxation		205,247	214,883

Tax on profit	11	39,265	54,116
		---------	---------
Profit for the financial year and total comprehensive income		165,982	160,767
		---------	---------

Retained earnings at the start of the year	850,290	689,523
	------------	---------
Retained earnings at the end of the year	1,016,272	850,290
	------------	---------

All the activities of the company are from continuing operations.

J. D. Hunter & Co. Limited

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	13	494,607	513,216

Current assets

Stocks	14	592,846	548,409
Debtors	15	244,030	515,368
Cash at bank and in hand		519,660	205,787
		------------	------------
		1,356,536	1,269,564

Creditors: amounts falling due within one year	16	778,244	869,986
		------------	------------
Net current assets		578,292	399,578
		------------	---------
Total assets less current liabilities		1,072,899	912,794

Provisions	17	56,527	62,404
		------------	---------
Net assets		1,016,372	850,390
		------------	---------

Capital and reserves

Called up share capital	20	100	100
Profit and loss account		1,016,272	850,290
		------------	---------
Shareholders funds		1,016,372	850,390
		------------	---------

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

These financial statements were approved by the board of directors and authorised for issue on 8 May 2026 , and are signed on behalf of the board by:

Mr N Creighton

Director

Company registration number: NI034019

J. D. Hunter & Co. Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 87-89 Upper Lisburn Road, Finaghy, Belfast, BT10 0GY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company reported a profit after tax for the financial year of £165,992 (2025: £160,767). At the year ended 31 January 2026 the company has a net current assets position of £578,302 (2025: £399,578) and a net asset position of £1,016,382 (2025: £850,390). The company continues to trade profitably and meet its financing obligations as they fall due. The directors have considered the appropriateness of the going concern assumption through to May 2027 and have also received confirmation of group support as required going forward. On this basis at the time of approving the financial statements, the directors have an expectation that the company has adequate resources to continue in operational existence for at least 12 months form the date the financial statements are signed. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Creighton Group Ltd which can be obtained from 87-89 Upper Lisburn Road, Finaghy, Belfast, BT10 0GY. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. In the application of the company's accounting policies, there are no significant judgements or estimates included in the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of lottery products includes only the net commission in relation to products sold.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Foreign exchange

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20% straight line
Liquor licence	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2026	2025
	£	£
Sale of goods	11,601,783	11,444,299
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2026	2025
	£	£
Other operating income	16,883	9,311
	--------	-------

6. Operating profit

Operating profit or loss is stated after charging:

	2026	2025
	£	£
Amortisation of intangible assets	–	1,054
Depreciation of tangible assets	77,374	92,781
Foreign exchange differences	–	252
	--------	--------

7. Auditor's remuneration

	2026	2025
	£	£
Fees payable for the audit of the financial statements	25,075	18,075
	--------	--------

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2026	2025
	No.	No.
Production staff	126	122
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2026	2025
	£	£
Wages and salaries	382,492	319,032
Social security costs	35,202	58,597
Other pension costs	33,086	31,159
	---------	---------
	450,780	408,788
	---------	---------

9. Other interest receivable and similar income

	2026	2025
	£	£
Interest on cash and cash equivalents	–	13
	----	----

10. Interest payable and similar expenses

	2026	2025
	£	£
Interest on banks loans and overdrafts	–	42
	----	----

11. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	45,142	54,918

Deferred tax:

Origination and reversal of timing differences	( 5,877)	( 802)
	--------	--------
Tax on profit	39,265	54,116
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2025: higher than) the standard rate of corporation tax in the UK of 25 % (2025: 25 %).

	2026	2025
	£	£
Profit on ordinary activities before taxation	205,247	214,883
	---------	---------
Profit on ordinary activities by rate of tax	51,312	53,721
Effect of expenses not deductible for tax purposes	–	1,727
Effect of capital allowances and depreciation	( 6,170)	( 530)
Origination and reversal of timing differences	( 5,877)	( 802)
	---------	---------
Tax on profit	39,265	54,116
	---------	---------

12. Intangible assets

	Goodwill	Liquor licence	Total
	£	£	£
Cost
At 1 February 2025 and 31 January 2026	165,000	54,000	219,000
	---------	--------	---------
Amortisation
At 1 February 2025 and 31 January 2026	165,000	54,000	219,000
	---------	--------	---------
Carrying amount
At 31 January 2026	–	–	–
	---------	--------	---------
At 31 January 2025	–	–	–
	---------	--------	---------

13. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2025	1,308,592	444,724	15,836	1,769,152
Additions	58,765	–	–	58,765
	------------	---------	--------	------------
At 31 January 2026	1,367,357	444,724	15,836	1,827,917
	------------	---------	--------	------------
Depreciation
At 1 February 2025	866,233	373,867	15,836	1,255,936
Charge for the year	70,545	6,829	–	77,374
	------------	---------	--------	------------
At 31 January 2026	936,778	380,696	15,836	1,333,310
	------------	---------	--------	------------
Carrying amount
At 31 January 2026	430,579	64,028	–	494,607
	------------	---------	--------	------------
At 31 January 2025	442,359	70,857	–	513,216
	------------	---------	--------	------------

14. Stocks

	2026	2025
	£	£
Finished goods and goods for resale	592,846	548,409
	---------	---------

15. Debtors

	2026	2025
	£	£
Trade debtors	8,822	10,378
Amounts owed by group undertakings	162,856	443,880
Prepayments and accrued income	67,359	61,110
Other debtors	4,993	–
	---------	---------
	244,030	515,368
	---------	---------

16. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	562,532	556,055
Accruals and deferred income	88,604	84,907
Corporation tax	45,142	54,918
Social security and other taxes	35,135	41,173
Other creditors	46,831	132,933
	---------	---------
	778,244	869,986
	---------	---------

Included within other creditors are other borrowings amounting to £Nil (2025: £90,022) relating to working capital loans from a supplier, which were repayable by instalments over the course of the loan agreements. Interest was charged at the Bank of England rate, less 3%, when the Bank of England rate exceeds 3%. The other borrowings were secured by a mortgage and legal charge over property and all monies. The company has given security for other borrowings of its parent company by way of fixed and floating charges and a negative pledge.

17. Provisions

	Deferred tax (note 18)
	£
At 1 February 2025	62,404
Charge against provision	( 5,877)
	--------
At 31 January 2026	56,527
	--------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 17)	56,527	62,404
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	56,527	62,404
	--------	--------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 33,086 (2025: £ 31,159 ).

20. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

21. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	281,250	281,250
Later than 1 year and not later than 5 years	1,125,000	1,125,000
Later than 5 years	3,187,500	3,468,750
	------------	------------
	4,593,750	4,875,000
	------------	------------

22. Events after the end of the reporting period

Subsequent to the reporting date, on 21 April 2026, the ultimate parent company entered into an agreement to dispose of Creightons of Markethill Ltd and its subsidiary J.D. Hunter & Co. Limited. As the conditions leading to the disposal did not exist at 31 January 2026, the event is treated as non-adjusting. No adjustments have been made to the financial statements. The expected consideration is £1; there is no anticipated financial impact on the future trading of the company.

23. Related party transactions

In accordance with FRS 102 Section 33 'Related Party Disclosures' the company has taken advantage of the exemption to not disclose transactions with wholly owned group companies.

24. Controlling party

- The directors regard Creightons of Markethill Ltd as the immediate parent company and Creighton Group Ltd as the ultimate parent company with both registered in Northern Ireland. The registered office of Creighton Group Ltd is 87-89 Upper Lisburn Road, Finaghy, Belfast, BT10 0GY . Creighton Group Ltd is controlled by Mr N W Creighton . Creighton Group Ltd is the parent company of the smallest and largest group to consolidate these financial statements. Copies of the group accounts of Creighton Group Ltd are available from the registered office.