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REGISTERED NUMBER: NI009714 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended

30 September 2025

for

James Ward & Sons (N.i.) Limited

| James Ward & Sons (N.i.) Limited (Registered number: NI009714) |

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 |

| James Ward & Sons (N.i.) Limited |

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | Mr D Ward

| Mr J Ward

| Mr H W Ward

| SECRETARY: | Mrs E Ward

| REGISTERED OFFICE: | Glen Farm

| 5 Glen Road

| Hillsborough

| Co. Down

| BT26 6ES

| REGISTERED NUMBER: | NI009714 (Northern Ireland)

| ACCOUNTANTS: | M.B.McGrady & Co

| Chartered Accountants

| Suite 2B

| Cadogan House

| 322 Lisburn Road

| Belfast

| Co. Antrim

| BT9 6GH

| James Ward & Sons (N.i.) Limited (Registered number: NI009714) |

Balance Sheet

30 September 2025

| 30/9/25 | 30/9/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,449,840 |  | 1,461,264 |  |

CURRENT ASSETS

Stocks | 5 | 676,827 |  | 481,326 |  |

Debtors | 6 | 98,796 |  | 90,888 |  |

Cash at bank | 947,816 |  | 609,032 |  |

1,723,439 |  | 1,181,246 |  |

CREDITORS

Amounts falling due within one year | 7 | 560,096 |  | 441,552 |  |

NET CURRENT ASSETS | 1,163,343 |  | 739,694 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,613,183 |  | 2,200,958 |  |

PROVISIONS FOR LIABILITIES | (99,661 | ) | (108,632 | ) |

ACCRUALS AND DEFERRED INCOME | (7,785 | ) | (8,750 | ) |

NET ASSETS | 2,505,737 |  | 2,083,576 |  |

CAPITAL AND RESERVES

Called up share capital | 5,000 |  | 5,000 |  |

Retained earnings | 2,500,737 |  | 2,078,576 |  |

SHAREHOLDERS' FUNDS | 2,505,737 |  | 2,083,576 |  |

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.

| James Ward & Sons (N.i.) Limited (Registered number: NI009714) |

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 14 April 2026 and were signed on its behalf by:

Mr J Ward - Director

| James Ward & Sons (N.i.) Limited (Registered number: NI009714) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| James Ward & Sons (N.i.) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| The turnover shown in the profit and loss accounts represents the value of milk and livestock sales, and includes grants and subsidies.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Buildings and drainage | - | 10% on reducing balance

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles and tractors | - | 25% on reducing balance

| Stocks

| Dairy cattle are valued on the herd basis.

| Beef cattle are stated at their deemed cost which is calculated at 60% of their open market value.

| Dry stock is valued at the lower of cost and net realisable value.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| James Ward & Sons (N.i.) Limited (Registered number: NI009714) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Deferred government grants

| Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful like of the assets to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Motor |

| Buildings |  | vehicles |

| and |  | Freehold |  | Plant and |  | and |

| drainage |  | land |  | machinery |  | tractors |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 October 2024 | 580,848 |  | 954,933 |  | 1,597,773 |  | 647,086 |  | 3,780,640 |  |

| Additions | - |  | - |  | 38,834 |  | 96,000 |  | 134,834 |  |

| At 30 September 2025 | 580,848 |  | 954,933 |  | 1,636,607 |  | 743,086 |  | 3,915,474 |  |

| DEPRECIATION

| At 1 October 2024 | 489,542 |  | - |  | 1,379,981 |  | 449,853 |  | 2,319,376 |  |

| Charge for year | 9,131 |  | - |  | 63,818 |  | 73,309 |  | 146,258 |  |

| At 30 September 2025 | 498,673 |  | - |  | 1,443,799 |  | 523,162 |  | 2,465,634 |  |

| NET BOOK VALUE

| At 30 September 2025 | 82,175 |  | 954,933 |  | 192,808 |  | 219,924 |  | 1,449,840 |  |

| At 30 September 2024 | 91,306 |  | 954,933 |  | 217,792 |  | 197,233 |  | 1,461,264 |  |

| James Ward & Sons (N.i.) Limited (Registered number: NI009714) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. | STOCKS

| 30/9/25 |  | 30/9/24

£ | £ |

| Beef herd | 497,763 |  | 302,462 |  |

| Dairy herd | 68,164 |  | 68,164 |  |

| Dry stock | 110,900 |  | 110,700 |  |

676,827 |  | 481,326 |  |

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

| 30/9/25 |  | 30/9/24

£ | £ |

| Trade debtors | 74,111 |  | 61,974 |  |

| VAT | 8,670 |  | 13,628 |  |

| Prepayments and accrued income | 16,015 |  | 15,286 |  |

98,796 |  | 90,888 |  |

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

| 30/9/25 |  | 30/9/24

£ | £ |

| Corporation tax | 171,243 |  | 60,589 |  |

| PAYE and NIC | 2,279 |  | 2,041 |  |

| Directors' current accounts | 373,966 |  | 362,547 |  |

| Accruals and deferred income | 12,608 |  | 16,375 |  |

560,096 |  | 441,552 |  |

8. | RELATED PARTY TRANSACTIONS

| No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

9. | PENSIONS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charged in the accounts represents contributions paid by the company to the funds and amounted to £6,397 (2024: £6,327).