REGISTERED NUMBER: 06166907 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Year Ended 30 September 2025

for

Acklams Properties Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Statement of Comprehensive Income

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

10

Company Statement of Changes in Equity

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

15

DIRECTORS:

A Acklam

Mrs N M Acklam

SECRETARY:

Mrs J Ventress

REGISTERED OFFICE:

Barmston Close

Swinemoor Lane

Beverley

East Yorkshire

HU17 0LA

REGISTERED NUMBER:

06166907 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

REVIEW OF BUSINESS

Acklams Properties Limited is the holding company of the group. Acklams Coaches Limited work as coach operators and Acklams Leisure Limited provide private holidays and events packages.

The group has continued to grow in 2024-2025.

2024-25 saw sales once again reach their highest levels. Margins remained strong. Growth was made possible by the combined efforts of the people working within the business, continued investment in maintaining and expanding of the vehicle fleet.

2025-26 continues to see the business being well positioned for the future. The Directors are confident trading will continue at the same ongoing levels for the full year.

PRINCIPAL RISKS AND UNCERTAINTIES

Significant risks faced by the business continues to be the quality and reliability of the vehicle fleet and drivers. The focus is to maintain the fleet of vehicles to the required standards. To that end the fleet undergoes regular mechanical checks and servicing.

The group manages its financial risk. Operations and activities are financed by a combination of internally generated cashflows, existing bank/cash balances/deposits and borrowings (loans/hire purchase).

KEY PERFORMANCE INDICATORS

The company monitor a number of key performance indicators across the business, the main KPI's are as follows:

2025

2024

Turnover

£18,663,275

£17,391,994

Gross margin

19,63%

18.96%

Profit before tax

£1,193,669

£1,196,957

ON BEHALF OF THE BOARD:

A Acklam - Director

6 March 2026

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES

The principal activity of the group continued to be that of coach operators and providers of holidays and event packages.

DIVIDENDS

The Directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2025 was £60,225.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

A Acklam

Mrs N M Acklam

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Try Lunn & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Acklam - Director

6 March 2026

Opinion

We have audited the financial statements of Acklams Properties Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, 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 Financial Reporting Standard 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 group's and of the parent company affairs as at 30 September 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 this gives rise to a material misstatement in the financial statements themselves. 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 Statement of Directors' Responsibilities set out on page three, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Andrew Ewart F.C.A. F.C.C.A. (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

10 March 2026

TURNOVER

3

18,663,275

17,391,994

Cost of sales

14,999,191

14,095,941

GROSS PROFIT

3,664,084

3,296,053

Administrative expenses

2,158,337

1,727,780

1,505,747

1,568,273

Other operating income

24,000

-

OPERATING PROFIT

5

1,529,747

1,568,273

Interest receivable and similar income

1,552

-

1,531,299

1,568,273

Interest payable and similar expenses

6

337,630

371,316

PROFIT BEFORE TAXATION

1,193,669

1,196,957

Tax on profit

7

314,977

311,248

PROFIT FOR THE FINANCIAL YEAR

878,692

885,709

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

878,692

885,709

Profit attributable to:

Owners of the parent

878,692

885,709

Total comprehensive income attributable to:

Owners of the parent

878,692

885,709

FIXED ASSETS

Intangible assets

10

23,250

32,250

Tangible assets

11

9,482,790

9,107,810

Investments

12

-

-

9,506,040

9,140,060

CURRENT ASSETS

Stocks

13

29,896

31,642

Debtors

14

4,363,491

2,979,735

Cash at bank and in hand

1,821,755

1,872,909

6,215,142

4,884,286

CREDITORS

Amounts falling due within one year

15

3,473,841

3,642,880

NET CURRENT ASSETS

2,741,301

1,241,406

TOTAL ASSETS LESS CURRENT LIABILITIES

12,247,341

10,381,466

CREDITORS

Amounts falling due after more than one year

16

(4,817,404

)

(4,084,973

)

PROVISIONS FOR LIABILITIES

20

(1,688,068

)

(1,373,091

)

NET ASSETS

5,741,869

4,923,402

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

5,741,769

4,923,302

SHAREHOLDERS' FUNDS

5,741,869

4,923,402

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by:

A Acklam - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

1,516,130

1,535,691

Investments

12

101

101

1,516,231

1,535,792

CURRENT ASSETS

Debtors

14

274,024

1,290

Cash at bank

22,723

12,186

296,747

13,476

CREDITORS

Amounts falling due within one year

15

140,548

225,037

NET CURRENT ASSETS/(LIABILITIES)

156,199

(211,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,672,430

1,324,231

CREDITORS

Amounts falling due after more than one year

16

(1,304,764

)

(961,028

)

PROVISIONS FOR LIABILITIES

20

(4,800

)

(4,800

)

NET ASSETS

362,866

358,403

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

362,766

358,303

SHAREHOLDERS' FUNDS

362,866

358,403

Company's profit for the financial year

64,688

108,981

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by:

A Acklam - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

100

4,135,393

4,135,493

Changes in equity

Dividends

-

(97,800

)

(97,800

)

Total comprehensive income

-

885,709

885,709

Balance at 30 September 2024

100

4,923,302

4,923,402

Changes in equity

Dividends

-

(60,225

)

(60,225

)

Total comprehensive income

-

878,692

878,692

Balance at 30 September 2025

100

5,741,769

5,741,869

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

100

347,122

347,222

Changes in equity

Dividends

-

(97,800

)

(97,800

)

Total comprehensive income

-

108,981

108,981

Balance at 30 September 2024

100

358,303

358,403

Changes in equity

Dividends

-

(60,225

)

(60,225

)

Total comprehensive income

-

64,688

64,688

Balance at 30 September 2025

100

362,766

362,866

Cash flows from operating activities

Cash generated from operations

1

1,115,310

2,064,031

Interest paid

(91,391

)

(134,757

)

Interest element of hire purchase payments paid

(246,239

)

(236,559

)

Net cash from operating activities

777,680

1,692,715

Cash flows from investing activities

Purchase of tangible fixed assets

(306,631

)

(423,128

)

Sale of tangible fixed assets

821,795

397,000

Interest received

1,552

-

Net cash from investing activities

516,716

(26,128

)

Cash flows from financing activities

New loan finance in the year

375,000

-

Loan repayments in year

(270,745

)

(532,303

)

Capital repayments in year

(1,389,580

)

(1,342,312

)

Equity dividends paid

(60,225

)

(97,800

)

Net cash from financing activities

(1,345,550

)

(1,972,415

)

Decrease in cash and cash equivalents

(51,154

)

(305,828

)

Cash and cash equivalents at beginning of year

2

1,872,909

2,178,737

Cash and cash equivalents at end of year

2

1,821,755

1,872,909

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,193,669

1,196,957

Depreciation charges

1,183,748

1,139,381

Profit on disposal of fixed assets

(21,992

)

(275,653

)

Finance costs

337,630

371,316

Finance income

(1,552

)

-

2,691,503

2,432,001

Decrease/(increase) in stocks

1,746

(15,707

)

Increase in trade and other debtors

(1,309,811

)

(443,801

)

(Decrease)/increase in trade and other creditors

(268,128

)

91,538

Cash generated from operations

1,115,310

2,064,031

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

1,821,755

1,872,909

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

1,872,909

2,178,737

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1.10.24

Cash flow

changes

At 30.9.25

£

£

£

£

Net cash

Cash at bank

and in hand

1,872,909

(51,154

)

1,821,755

1,872,909

(51,154

)

1,821,755

Debt

Finance leases

(4,344,778

)

1,389,580

(2,042,900

)

(4,998,098

)

Debts falling due

within 1 year

(273,102

)

239,481

-

(33,621

)

Debts falling due

after 1 year

(961,028

)

(343,736

)

-

(1,304,764

)

(5,578,908

)

1,285,325

(2,042,900

)

(6,336,483

)

Total

(3,705,999

)

1,234,171

(2,042,900

)

(4,514,728

)

1.	STATUTORY INFORMATION

Acklams Properties 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated financial statements include the financial statements of the company and its subsidiary undertakings made up to 30 September 2025. The acquisition method of accounting has been adopted. Under this method the results of subsidiary undertakings acquired or disposed in the year are included in the consolidated statement of comprehensive income from the date of acquisition or up to the date of disposal.

Turnover

Turnover represents the amounts receivable for services net of VAT.

Turnover for rent is recognised when the rent falls due.

Coach hire revenue is recognised in full on departure of the coaches.

Revenue for concerts is recognised on the day of the event and revenue for holidays is recognised on the day of the departure.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% on cost

Plant and machinery

-

10% on cost and at varying rates on cost

Motor vehicles

-

25% on cost and 12.5% on cost

Computer equipment

-

25% on cost and 10% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the group in independently administered funds

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2016, 2018 and 2023, is being amortised evenly over their estimated useful lives of 5 years

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.

TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,832,023

4,573,696

Social security costs

523,669

430,089

Other pension costs

91,576

83,072

5,447,268

5,086,857

The average number of employees during the year was as follows:

2025

2024

Drivers

116

115

Maintenance

38

30

Administration

23

23

177

168

2025

2024

£

£

Directors' remuneration

82,331

29,125

Directors' pension contributions to money purchase schemes

142

190

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

84,794

124,024

Depreciation - owned assets

327,103

372,865

Depreciation - assets on hire purchase contracts

847,645

753,515

Profit on disposal of fixed assets

(21,992

)

(275,653

)

Goodwill amortisation

9,000

13,000

Auditors' remuneration

9,580

8,580

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

91,391

134,757

Hire purchase

246,239

236,559

337,630

371,316

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Deferred tax

314,977

311,248

Tax on profit

314,977

311,248