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REGISTERED NUMBER: 08524376 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| TOSECASTLE LTD |

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Report of the Accountants | 2 |

Abridged Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

TOSECASTLE LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | P D Castle

| Miss G F Tose

| SECRETARY: | Miss G F Tose

| REGISTERED OFFICE: | Rosebank Cottage

| School Road

| Windlesham

| Surrey

| GU20 6PB

| REGISTERED NUMBER: | 08524376 (England and Wales)

| ACCOUNTANTS: | Accountancy Online Limited

| 6 Elsley Road

| Tilehurst

| Reading

| RG31 6RN

TOSECASTLE LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

TOSECASTLE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2025 set out on page four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

25 May 2026

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

ABRIDGED BALANCE SHEET

30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 492,000 |  | 492,000 |  |

Tangible assets | 5 | 996,500 |  | 997,427 |  |

Investments | 6 | 25 |  | 25 |  |

1,488,525 |  | 1,489,452 |  |

CURRENT ASSETS

Stocks | 63,624 |  | 73,956 |  |

Debtors | 7 | 216,130 |  | 217,196 |  |

Cash at bank and in hand | 384,699 |  | 549,763 |  |

664,453 |  | 840,915 |  |

CREDITORS

Amounts falling due within one year | (206,093 | ) | (246,077 | ) |

NET CURRENT ASSETS | 458,360 |  | 594,838 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,946,885 |  | 2,084,290 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (696 | ) | (263,544 | ) |

PROVISIONS FOR LIABILITIES | 11 | (14,361 | ) | (14,233 | ) |

NET ASSETS | 1,931,828 |  | 1,806,513 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 2 |  | 2 |  |

Retained earnings | 13 | 1,931,826 |  | 1,806,511 |  |

SHAREHOLDERS' FUNDS | 1,931,828 |  | 1,806,513 |  |

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.

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 May 2026 and were signed on its behalf by:

P D Castle - Director

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Tosecastle Ltd 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.

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

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill arising on the acquisition of a business is initially recognised at cost. Under FRS 102 Section 19, goodwill must normally be amortised over its estimated useful life, not exceeding 10 years where the life cannot be reliably estimated.

| Departure from FRS 102 Section 19 True and Fair Override

| The directors consider that amortising goodwill would not give a true and fair view. Veterinary practices typically increase in value over time, and an amortisation charge would not reflect the commercial reality of the business.

| Accordingly, the directors have not amortised goodwill, applying the true and fair override permitted by the Companies Act 2006. Instead, goodwill is subject to an annual impairment review in accordance with FRS 102 Section 27.

| Financial Effect of the Departure

| Had goodwill been amortised over 10 years, the impact would have been approximately:

| Reduction in profit for the year: £49,200

| Reduction in the carrying amount of goodwill: £49,200

| 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.

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

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

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| All fixed assets are recorded at initial cost.

| Departure from FRS 102 Non-Depreciation of Freehold Property

| The company has not depreciated its freehold property, which is a departure from FRS 102 Section 17.

| The directors consider any depreciation charge to be immaterial, as the asset’s estimated residual value is not materially different from its carrying value.

| Financial Effect of the Departure

| Had depreciation been applied over a 50-year useful life, the impact would have been approximately:

| Reduction in profit for the year: £18,518

| Reduction in the carrying amount of freehold property: £18,518

| Investments in associates

| Investments in associate undertakings are recognised at 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 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.

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

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.

| Impairment of assets

| Goodwill, intangible assets and tangible fixed assets are reviewed annually for indicators of impairment. Where required, assets are written down to their recoverable amount.

| The directors’ annual impairment review identified no impairment losses for the year.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2024 - 19 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 492,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | 492,000 |  |

| At 30 September 2024 | 492,000 |  |

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024 | 1,127,328 |  |

| Additions | 17,545 |  |

| At 30 September 2025 | 1,144,873 |  |

| DEPRECIATION

| At 1 October 2024 | 129,901 |  |

| Charge for year | 18,472 |  |

| At 30 September 2025 | 148,373 |  |

| NET BOOK VALUE

| At 30 September 2025 | 996,500 |  |

| At 30 September 2024 | 997,427 |  |

6. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 25 |  |

| NET BOOK VALUE

| At 30 September 2025 | 25 |  |

| At 30 September 2024 | 25 |  |

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | FIXED ASSET INVESTMENTS - continued

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Associated company

| Oathall Services Ltd

| Registered office: 6 Elsley Road, Tilehurst, Reading, RG31 6RN

| Nature of business: Veterinary Activities

| %

| Class of shares: | holding |

| Ordinary | 25.00 |

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

£ | £ |

| Aggregate capital and reserves | 24,402 |  | (22,478 | ) |

| Profit/(loss) for the year | 46,980 |  | (22,578 | ) |

| On 28 January 2024, the company acquired a 25% interest in Oathall Services Ltd, a company incorporated in England and Wales.

| Oathall Services Ltd is an associate undertaking of the company by virtue of significant influence arising from the company’s shareholding and common directorships.

| In accordance with the provisions of FRS 102 Section 1A, the investment has been measured at cost less impairment, as permitted for small entities.

7. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by associates | 200,000 |  | 200,000 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

2025 | 2024 |

£ | £ |

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 120,331 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | - |  | 28,500 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 57,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 85,500 |  |

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | LOANS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 120,331 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 291,331 |  |

| On 20 May 2025, the company fully repaid the mortgage facility held with Lloyds Bank PLC. Following this repayment, the fixed and floating charge over the company’s assets, registered at Companies House, was formally satisfied and released.

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 14,361 |  | 14,233 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 14,233 |  |

| Charge to Income Statement during year | 128 |  |

| Balance at 30 September 2025 | 14,361 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

13. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2024 | 1,806,511 |  |

| Profit for the year | 221,315 |  |

| Dividends | (96,000 | ) |

| At 30 September 2025 | 1,931,826 |  |

TOSECASTLE LTD (REGISTERED NUMBER: 08524376)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the year end the company owed G Tose £348 (2024: £398), the company owed P Castle £348 (2024: £315). All loans are interest free and without repayment terms.

15. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £96,000 (2024 - £98,000) were paid to the directors .

| The company has advanced a loan of £200,000 to Oathall Services Ltd, an associate in which it holds a 25% interest. The loan was used by Oathall Services Ltd in connection with the acquisition of Oathall Veterinary Group Ltd.

| Under the terms of a letter of postponement entered into between Oathall Services Ltd and Barclays Bank PLC, repayment of the loan to the company is subordinated to the bank’s security. As a result, the company is not entitled to seek repayment of the loan until the bank borrowing in Oathall Services Ltd has been fully repaid.

| The loan is unsecured, non-interest bearing, and repayable only after the conditions of the bank’s security have been satisfied. The balance is included within debtors falling due after more than one year.

| The directors of Tosecastle Ltd are also directors of Oathall Services Ltd and Oathall Veterinary Group Ltd.

| Any transactions between Tosecastle Ltd, Oathall Services Ltd, Oathall Veterinary Group Ltd, Mr P Castle and Miss G F Tose have been carried out on a commercial basis and at arm’s length.

16. | ULTIMATE CONTROLLING PARTY

| The directors are the controlling party by virtue of their controlling shareholding in the company. The ultimate

| controlling party is the same as the controlling party.