Creightons of Markethill Ltd Company accounts

COMPANY REGISTRATION NUMBER: NI690009

Creightons of Markethill Ltd

Financial Statements

31 January 2026

Creightons of Markethill Ltd

Financial Statements

Year ended 31 January 2026

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	3

Independent auditor's report to the members	5

Income statement	10

Statement of income and retained earnings	11

Statement of financial position	12

Notes to the financial statements	13

Creightons of Markethill Ltd

Officers and Professional Advisers

The board of directors	Ms G Boyd
	Mr N Creighton

Registered office	87-89 Upper Lisburn Road
	Finaghy
	Belfast
	Northern Ireland
	BT10 0GY

Auditor	Maneely Mc Cann Audit Limited
	Chartered accountants & statutory auditor
	Aisling House
	50 Stranmillis Embankment
	Belfast
	BT9 5FL

Creightons of Markethill Ltd

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 company is an intermediate holding company in a group whose principal activity is the operation of retail convenience stores. Detailed commentary on the business environment and commercial outlook in the sector in which the group operates is set out in the strategic report included in the consolidated financial statements of the company's parent Creighton Group Limited. Principal risks and uncertainties The principal risk facing the company would be unable to realise the investments carried in the company's balance sheet. To mitigate this risk, the directors monitor the performance and financial status of the subsidiary on an ongoing basis. The subsidiary's activities expose the wider group to a number of risks, including interest, credit, price and liquidity risk. The subsidiary has in place a risk management program that seeks to limit the adverse effect on its financial performance. Key performance indicators As a non-trading intermediate holding company there are no key performance indicators relevant to an assessment of the company's results or financial position.

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

Northern Ireland

BT10 0GY

Creightons of Markethill Ltd

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 is that of rental of commercial property.

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

There are no plans to change the nature of the company's activities in the foreseeable future.

Subsequent to the reporting date, on 21 April 2026, the 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 in £1; there is no anticipated financial impact of 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 15 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

Northern Ireland

BT10 0GY

Creightons of Markethill Ltd

Independent Auditor's Report to the Members of Creightons of Markethill Ltd

Year ended 31 January 2026

Qualified opinion

We have audited the financial statements of Creightons of Markethill Ltd (the 'company') for the year ended 31 January 2026 which comprise the income statement, 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, except for the effects of the matter described in the basis for qualified opinion section of our report, 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 loss 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 qualified opinion

The company's balance sheet includes an investment in subsidiary undertakings stated at £6,387,401. Subsequent to the reporting date, on 21 April 2026, the parent company entered into an agreement to dispose of Creightons of Markethill Ltd and its subsidiary J.D. Hunter & Co. Limited. The expected consideration is £1. In our view, this disposal provides evidence of an indicator of impairment in respect of the carrying value of the investment at the balance sheet date. The directors have not recognised an impairment provision against the investment. We were unable to obtain sufficient appropriate audit evidence to determine the recoverable amount of the investment at the balance sheet date or to quantify the amount of any impairment provision that should be recognised. Consequently, we were unable to determine whether any adjustment was necessary to the carrying value of investments, the profit and loss account and reserves.

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 qualified 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

Creightons of Markethill Ltd

Income Statement

Year ended 31 January 2026

	2026	2025
Note	£	£

Administrative expenses		68,428	( 431,572)
Other operating income	4	281,250	281,250
		---------	---------
Operating profit	5	212,822	712,822

Interest payable and similar expenses	6	354,570	401,130
		---------	---------
(Loss)/profit before taxation		( 141,748)	311,692

Tax on (loss)/profit	7	–	38,085
		---------	---------
(Loss)/profit for the financial year		( 141,748)	273,607
		---------	---------

All the activities of the company are from continuing operations.

Creightons of Markethill Ltd

Statement of Income and Retained Earnings

Year ended 31 January 2026

	2026	2025
Note	£	£
(Loss)/profit for the financial year and total comprehensive income	( 141,748)	273,607
Retained earnings/(losses) at the start of the year	128,494	( 145,113)
	---------	---------
Retained (losses)/earnings at the end of the year	( 13,254)	128,494
	---------	---------

Creightons of Markethill Ltd

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	8	3,181,922	3,250,350
Investments	9	6,387,401	6,387,401
		------------	------------
		9,569,323	9,637,751

Current assets

Debtors	10	100	100

Creditors: amounts falling due within one year	11	1,362,130	1,424,012
		------------	------------
Net current liabilities		1,362,030	1,423,912
		------------	------------
Total assets less current liabilities		8,207,293	8,213,839

Creditors: amounts falling due after more than one year	12	8,220,447	8,085,245
		------------	------------
Net (liabilities)/assets		( 13,154)	128,594
		------------	------------

Capital and reserves

Called up share capital	13	100	100
Profit and loss account		( 13,254)	128,494
		--------	---------
Shareholders (deficit)/funds		( 13,154)	128,594
		--------	---------

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: NI690009

Creightons of Markethill Ltd

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, Northern Ireland.

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 loss after tax for the financial year 2026 of £141,748 (2025: Profit of £273,607). At the last year ended 31 January 2026 the company has a net current liability position of £1,362,130 (2025: £1,423,912) and a net liabilities position of £13,154 (2025: net asset position of £128,594). The company continues to meet its financing obligations as they fall due. The directors have considered the appropriateness of the going concern assumption through to 31 May 2027 and have also received confirmation of Group and lender 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 from the date of 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 Limited which can be obtained from 87-89 Upper Lisburn Road, 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.

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. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other source of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows : Investment valuation Investments on the balance sheet are held at cost less impairment. The Directors annually consider the valuation of the investments made with reference to performance and expected future cash flows to confirm whether or not impairment is required. The Directors have concluded that no no impairment is required for the year to 31 January 2026.

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.

Operating leases

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.

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:

	Freehold property	-	2% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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.

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.

4. Other operating income

	2026	2025
	£	£
Other operating income	281,250	281,250
	---------	---------

5. Operating profit

Operating profit or loss is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	68,428	68,428
	--------	--------

6. Interest payable and similar expenses

	2026	2025
	£	£
CT interest payable	135	–
Other interest payable and similar charges	354,435	401,130
	---------	---------
	354,570	401,130
	---------	---------

7. Tax on (loss)/profit

Major components of tax expense

	2026	2025
	£	£

Deferred tax:

Origination and reversal of timing differences	–	38,085
	----	--------
Tax on (loss)/profit	–	38,085
	----	--------

Reconciliation of tax expense

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

	2026	2025
	£	£
(Loss)/profit on ordinary activities before taxation	( 141,748)	311,692
	---------	---------
(Loss)/profit on ordinary activities by rate of tax	( 35,437)	77,923
Effect of expenses not deductible for tax purposes	–	( 125,000)
Effect of capital allowances and depreciation	17,107	17,107
Utilisation of tax losses	18,330	29,970
Origination and reversal of timing differences	–	38,085
	---------	---------
Tax on (loss)/profit	–	38,085
	---------	---------

8. Tangible assets

	Freehold property
	£
Cost
At 1 February 2025 and 31 January 2026	3,421,420
	------------
Depreciation
At 1 February 2025	171,070
Charge for the year	68,428
	------------
At 31 January 2026	239,498
	------------
Carrying amount
At 31 January 2026	3,181,922
	------------
At 31 January 2025	3,250,350
	------------

Investment properties rented to another group entity have been accounted for using the cost model. The carrying value of these investment properties included within tangible fixed assets is £3,181,922 (2025: £3,250,350).

9. Investments

	Shares in group undertakings
	£
Cost
At 1 February 2025 and 31 January 2026	6,387,401
	------------
Impairment
At 1 February 2025 and 31 January 2026	–
	------------

Carrying amount
At 31 January 2026	6,387,401
	------------
At 31 January 2025	6,387,401
	------------

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
J.D. Hunter & Co Ltd	Ordinary	100

10. Debtors

	2026	2025
	£	£
Other debtors	100	100
	----	----

11. Creditors: amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings	162,856	443,881
Accruals and deferred income	620,119	409,467
Social security and other taxes	13,760	13,850
Other creditors	565,395	556,814
	------------	------------
	1,362,130	1,424,012
	------------	------------

The borrowings are secured by a legal charge over property and an all monies debenture.

12. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	8,220,447	8,085,245
	------------	------------

Included within Other Creditors are vendor term loans of £8,220,446 (2025: £8,085,245) falling due after more than one year.

Included within Other Creditors are vendor term loans of £5,904,811 (2025: £5,769,609) falling due after more than five years.

The borrowings are secured by a legal charge over property and an all monies debenture.

13. Called up share capital

Issued, called up and fully paid

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

14. Operating leases

As lessor

The total future minimum lease payments receivable 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
	------------	------------

15. Events after the end of the reporting period

Subsequent to the reporting date, on 21 April 2026, the 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 in £1; there is no anticipated financial impact of the future trading of the company.

16. 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.

17. Controlling party

The directors regard Creighton Group Ltd , a company registered in Northern Ireland, as the immediate and ultimate parent company. 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.