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REGISTERED NUMBER: 00516447 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

G.H. PARKER (NORTH COTES) LIMITED

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Contents of the Financial Statements

for the year ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| G.H. PARKER (NORTH COTES) LIMITED |

Company Information

for the year ended 30 September 2025

| Directors: | Mrs A E Hickling

| Mr W H Wrisdale

| Secretary: | Mrs A E Hickling

| Registered office: | The Farm Office

| Pinchbeck Farm, Sea Lane

| Wainfleet St Mary

| Skegness

| Lincolnshire

| PE24 4BA

| Registered number: | 00516447 (England and Wales)

| Accountants: | Haines Watts

| 23 Algitha Road

| Skegness

| United Kingdom

| PE25 2AG

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Balance Sheet

30 September 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Intangible assets | 4 | 3,490 |  | - |  |

Tangible assets | 5 | 17,307,969 |  | 17,193,336 |  |

Investments | 6 | 6,316 |  | 6,316 |  |

17,317,775 |  | 17,199,652 |  |

Current assets

Stocks | 3,044,899 |  | 2,590,318 |  |

Debtors | 7 | 851,872 |  | 707,313 |  |

Cash in hand | 133 |  | 174 |  |

3,896,904 |  | 3,297,805 |  |

Creditors

Amounts falling due within one year | 8 | 2,466,627 |  | 1,550,204 |  |

Net current assets | 1,430,277 |  | 1,747,601 |  |

Total assets less current liabilities | 18,748,052 |  | 18,947,253 |  |

Creditors

Amounts falling due after more than one year | 9 | (9,596,218 | ) | (9,964,549 | ) |

Provisions for liabilities | (902,233 | ) | (693,561 | ) |

Net assets | 8,249,601 |  | 8,289,143 |  |

Capital and reserves

Called up share capital | 11 | 5,732 |  | 5,732 |  |

Share premium | 12 | 199,367 |  | 199,367 |  |

Capital redemption reserve | 12 | 4,401 |  | 4,401 |  |

Retained earnings | 12 | 8,040,101 |  | 8,079,643 |  |

Shareholders' funds | 8,249,601 |  | 8,289,143 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Balance Sheet - continued

30 September 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2026 and were signed on its behalf by:

Mrs A E Hickling - Director

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Notes to the Financial Statements

for the year ended 30 September 2025

1. | Statutory information

| G.H. Parker (North Cotes) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. | Accounting policies

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Income is recognised on the receipt of self-biling invoices received from customers in respect of crop sales and government grants.

| Amortisation

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

| Sugar beet quota - 10% straight line

| 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 | - | Farm land is not depreciated

| Improvement to buildings | - | 10% on cost and 5% on cost

| Farming implements | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Grain silos | - | at varying rates on cost

| Stocks

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

| The valuation is based on the cost of purchasing seed, fertilisers and sprays and cost of own labour. Any crops held in store are valued at deemed cost of production.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a funded defined benefit scheme, the costs of which are accounted for when paid.

| The company also contribute to a directors personal pension the costs of which are accounted for when paid. The costs for the period ended 30 September 2025 were £8,012 (2024 - £7,799) of which £2,500 was outstanding at the year end (2024 - £2,500).

| In addition the company has introduced a compliant autoenrolment scheme open to all eligible employees.

| Government grants

| Government grants, including the basic payment scheme, de-linked payments scheme and sustainable farming incentive scheme, are recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

3. | Employees and directors

| The average number of employees during the year was 10 (2024 - 10 ) .

4. | Intangible fixed assets

Other |

intangible |

assets |

| £

| Cost

| At 1 October 2024 | 7,920 |  |

| Additions | 3,878 |  |

| At 30 September 2025 | 11,798 |  |

| Amortisation

| At 1 October 2024 | 7,920 |  |

| Charge for year | 388 |  |

| At 30 September 2025 | 8,308 |  |

| Net book value

| At 30 September 2025 | 3,490 |  |

| At 30 September 2024 | - |  |

5. | Tangible fixed assets

Improvement |

Freehold | to | Farming |

property | buildings | implements |

| £ | £ | £

| Cost

| At 1 October 2024 | 12,901,108 |  | 336,757 |  | 1,618,960 |  |

| Additions | 617,889 |  | - |  | 22,249 |  |

| Disposals | (586,783 | ) | (100,683 | ) | (60,520 | ) |

| Reclassification/transfer | (156,532 | ) | 62,979 |  | (72,112 | ) |

| At 30 September 2025 | 12,775,682 |  | 299,053 |  | 1,508,577 |  |

| Depreciation

| At 1 October 2024 | - |  | 302,934 |  | 953,354 |  |

| Charge for year | - |  | 7,543 |  | 102,610 |  |

| Eliminated on disposal | - |  | (98,433 | ) | (59,164 | ) |

| Reclassification/transfer | - |  | 24,675 |  | (72,680 | ) |

| At 30 September 2025 | - |  | 236,719 |  | 924,120 |  |

| Net book value

| At 30 September 2025 | 12,775,682 |  | 62,334 |  | 584,457 |  |

| At 30 September 2024 | 12,901,108 |  | 33,823 |  | 665,606 |  |

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

5. | Tangible fixed assets - continued

Fixtures |

and | Motor |

fittings | vehicles | Grain silos | Totals |

| £ | £ | £ | £

| Cost

| At 1 October 2024 | 17,875 |  | 2,787,679 |  | 3,584,410 |  | 21,246,789 |  |

| Additions | - |  | 75,552 |  | 583,395 |  | 1,299,085 |  |

| Disposals | - |  | (138,802 | ) | - |  | (886,788 | ) |

| Reclassification/transfer | (7,707 | ) | (256,005 | ) | (130,235 | ) | (559,612 | ) |

| At 30 September 2025 | 10,168 |  | 2,468,424 |  | 4,037,570 |  | 21,099,474 |  |

| Depreciation

| At 1 October 2024 | 17,194 |  | 1,626,076 |  | 1,153,895 |  | 4,053,453 |  |

| Charge for year | 54 |  | 301,929 |  | 170,158 |  | 582,294 |  |

| Eliminated on disposal | - |  | (127,032 | ) | - |  | (284,629 | ) |

| Reclassification/transfer | (7,364 | ) | (256,004 | ) | (248,240 | ) | (559,613 | ) |

| At 30 September 2025 | 9,884 |  | 1,544,969 |  | 1,075,813 |  | 3,791,505 |  |

| Net book value

| At 30 September 2025 | 284 |  | 923,455 |  | 2,961,757 |  | 17,307,969 |  |

| At 30 September 2024 | 681 |  | 1,161,603 |  | 2,430,515 |  | 17,193,336 |  |

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

Motor |

vehicles |

| £

| Cost

| At 1 October 2024

| and 30 September 2025 | 505,892 |  |

| Depreciation

| At 1 October 2024

| and 30 September 2025 | 213,424 |  |

| Net book value

| At 30 September 2025 | 292,468 |  |

| At 30 September 2024 | 292,468 |  |

6. | Fixed asset investments

Other |

investments |

| £

| Cost

| At 1 October 2024

| and 30 September 2025 | 6,316 |  |

| Net book value

| At 30 September 2025 | 6,316 |  |

| At 30 September 2024 | 6,316 |  |

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

7. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 513,952 |  | 319,980 |  |

| Other debtors | 254,501 |  | 285,824 |  |

| VAT | 23,559 |  | 71,293 |  |

| Prepayments | 59,860 |  | 30,216 |  |

851,872 |  | 707,313 |  |

8. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 1,477,455 |  | 629,956 |  |

| Hire purchase contracts | 53,333 |  | 187,680 |  |

| Trade creditors | 854,204 |  | 652,444 |  |

| Social security and other taxes | 17,632 |  | 16,121 |  |

| Other creditors | 2,500 |  | 2,500 |  |

| Directors' current accounts | 61,503 |  | 61,503 |  |

2,466,627 |  | 1,550,204 |  |

| The bank loans due to be repaid within one year, have been secured by replacement loans which cover the full liability. Therefore there are no concerns regarding the Companies ability to repay the amounts falling due.

9. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans - 1-2 years | 451,375 |  | 432,908 |  |

| Bank loans - 2-5 years | 1,354,126 |  | 1,166,920 |  |

| Bank loans more 5 yr by instal | 7,790,717 |  | 8,364,721 |  |

9,596,218 |  | 9,964,549 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 7,790,717 |  | 8,364,721 |  |

10. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank loans | 10,047,593 |  | 10,594,505 |  |

| A legal charge on the following is secured against the bank loan the Company have:

| 945 Acres of Freehold land at Bilsby Alford

| 482 Acres of Freehold land at Tetney, Grainthorpe & North Somercotes

| 350 Acres at Northcotes Camp, North Cotes

| An unlimited debenture from the company.

G.H. PARKER (NORTH COTES) LIMITED (REGISTERED NUMBER: 00516447) |

Notes to the Financial Statements - continued

for the year ended 30 September 2025

11. | Called up share capital

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 5,732 | Ordinary | £1 | 5,732 |  | 5,732 |  |

12. | Reserves

Capital |

Retained | Share | redemption |

earnings | premium | reserve | Totals |

| £ | £ | £ | £

| At 1 October 2024 | 8,079,643 |  | 199,367 |  | 4,401 |  | 8,283,411 |  |

| Deficit for the year | (39,542 | ) | (39,542 | ) |

| At 30 September 2025 | 8,040,101 |  | 199,367 |  | 4,401 |  | 8,243,869 |  |

13. | Ultimate controlling party

| The company was under the control of the Trustees of Anne's Children's Settlement throughout the current and the previous year.