REGISTERED NUMBER: 01317690 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

KEVIN BERKINS QUALITY MEATS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

K Berkins

Mrs M Berkins

Mrs K A Beaumont

SECRETARY:

K Berkins

REGISTERED OFFICE:

Fence Gate

Wheatley Lane Road

Fence

Burnley

Lancashire

BB12 9EE

REGISTERED NUMBER:

01317690 (England and Wales)

AUDITORS:

Ainsworths Limited

Chartered Accountants

and Statutory Auditors

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

BANKERS:

National Westminster Bank plc

2 Leeds Road

NELSON

Lancashire

BB9 9SY

The directors present their strategic report of the company and the group for the year ended 31st August 2025.

REVIEW OF BUSINESS

The directors are pleased to report consecutive improvements in trading as the Group experiences strong trading despite increases in the cost of living.

Turnover increased by 8% (2024: 7%) on the previous year, from £4.7m to £5.1m, due to healthy rises in turnover within the Group's main subsidiaries.

Whilst the margin reduced a couple of percentage points, effective cost management ensured overheads rose by a modest 4% thereby allowing an increase in profits before tax.

The profit before tax increased by 15% from £423,086 last year to £485,839 this.

The net asset position of the group has increased as a result, from £3.6m to £3.9m.

The directors are pleased with the above trading results, having achieved an increase in net profit despite a challenging period for the hospitality industry due to increasing costs.

PRINCIPAL RISKS AND UNCERTAINTIES

Other than the normal business risks the group faces on a day-to-day basis, the main risk is the continued availability of finance. However the group has significant assets in its freehold and investment property portfolio which gives the directors confidence of their ability to continue to secure finance.

FINANCIAL RISK MANAGEMENT

The group's operations expose it to a variety of financial risks that include the effects of credit, interest rate and liquidity risk. The directors actively manage these risks by monitoring levels of risk and related costs of mitigating these.

EMPLOYEES

The directors continue to develop employees using both external and in house resources. Programmes are developed around both business needs and personal development. The group continues to appraise all systems and staff wellbeing to actively promote a positive company culture.

ON BEHALF OF THE BOARD:

K Berkins - Director

29th May 2026

The directors present their report with the financial statements of the company and the group for the year ended 31st August 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of restauranteurs, hotelier and a women's clothing shop.

DIVIDENDS

The total distribution of dividends for the year ended 31st August 2025 will be £64,680.

DIRECTORS

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

K Berkins

Mrs M Berkins

Mrs K A Beaumont

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, Ainsworths Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

K Berkins - Director

29th May 2026

Opinion

We have audited the financial statements of Kevin Berkins Quality Meats Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st August 2025 which comprise the Consolidated Income Statement, Consolidated Other 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 31st August 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:

Based on our understanding of the Company and the nature of the sector in which it operates, we have identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to, the Companies Act 2006 and tax legislation.

We have evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to inappropriate use of the going concern basis, management bias in accounting estimates and judgements and inappropriate disclosure of related party transactions. Our audit procedures designed to address these risks included, but were not limited to:

- Enquiries with management, regarding any known or suspected instances of non-compliance with laws and regulations, and fraud;

- Agreement of the financial statement disclosures to the underlying supporting documentation;

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud;

- Challenging assumptions and judgements made by management in their significant accounting estimates;

- Auditing the risk of management override of controls, including through the testing journal entries and other adjustments for appropriateness;

- Obtaining an understanding of internal controls 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 controls.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, 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 concealment by misrepresentations or through collusion. There are inherent limitations in the audit procedures performed 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 are to become aware of it.

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.

Michael Heys (Senior Statutory Auditor)

for and on behalf of Ainsworths Limited

Chartered Accountants

and Statutory Auditors

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

29th May 2026

TURNOVER

5,109,710

4,717,059

Cost of sales

1,870,398

1,625,884

GROSS PROFIT

3,239,312

3,091,175

Administrative expenses

2,549,594

2,448,194

OPERATING PROFIT

4

689,718

642,981

Interest payable and similar expenses

5

203,879

219,895

PROFIT BEFORE TAXATION

485,839

423,086

Tax on profit

6

118,673

107,717

PROFIT FOR THE FINANCIAL YEAR

367,166

315,369

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

6,988,357

7,130,341

Investments

11

-

-

Investment property

12

513,272

513,272

7,501,629

7,643,613

CURRENT ASSETS

Stocks

13

186,784

199,631

Debtors

14

75,090

163,050

Cash at bank and in hand

871,281

693,460

1,133,155

1,056,141

CREDITORS

Amounts falling due within one year

15

1,636,975

3,542,911

NET CURRENT LIABILITIES

(503,820

)

(2,486,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,997,809

5,156,843

CREDITORS

Amounts falling due after more than one year

16

(2,611,075

)

(1,041,385

)

PROVISIONS FOR LIABILITIES

19

(526,159

)

(557,369

)

NET ASSETS

3,860,575

3,558,089

CAPITAL AND RESERVES

Called up share capital

20

12,001

12,001

Revaluation reserve

21

2,393,813

2,451,857

Retained earnings

21

1,454,761

1,094,231

SHAREHOLDERS' FUNDS

3,860,575

3,558,089

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2026 and were signed on its behalf by:

K Berkins - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

102

102

Investment property

12

7,707,689

7,707,689

7,707,791

7,707,791

CURRENT ASSETS

Cash in hand

2

2

CREDITORS

Amounts falling due within one year

15

9,582

18,105

NET CURRENT LIABILITIES

(9,580

)

(18,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,698,211

7,689,688

CREDITORS

Amounts falling due after more than one year

16

(5,860,771

)

(6,369,744

)

PROVISIONS FOR LIABILITIES

19

(202,538

)

(200,737

)

NET ASSETS

1,634,902

1,119,207

CAPITAL AND RESERVES

Called up share capital

20

12,001

12,001

Retained earnings

21

1,622,901

1,107,206

SHAREHOLDERS' FUNDS

1,634,902

1,119,207

Company's profit for the financial year

580,375

505,834

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2026 and were signed on its behalf by:

K Berkins - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st September 2023

12,001

788,395

2,509,124

3,309,520

Changes in equity

Dividends

-

(66,800

)

-

(66,800

)

Total comprehensive income

-

372,636

(57,267

)

315,369

Balance at 31st August 2024

12,001

1,094,231

2,451,857

3,558,089

Changes in equity

Dividends

-

(64,680

)

-

(64,680

)

Total comprehensive income

-

425,210

(58,044

)

367,166

Balance at 31st August 2025

12,001

1,454,761

2,393,813

3,860,575

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st September 2023

12,001

668,172

680,173

Changes in equity

Dividends

-

(66,800

)

(66,800

)

Total comprehensive income

-

505,834

505,834

Balance at 31st August 2024

12,001

1,107,206

1,119,207

Changes in equity

Dividends

-

(64,680

)

(64,680

)

Total comprehensive income

-

580,375

580,375

Balance at 31st August 2025

12,001

1,622,901

1,634,902

Cash flows from operating activities

Cash generated from operations

1

829,502

799,225

Interest paid

(210,843

)

(210,912

)

Tax paid

(130,154

)

(26,495

)

Net cash from operating activities

488,505

561,818

Cash flows from investing activities

Purchase of tangible fixed assets

(113,466

)

(44,984

)

Net cash from investing activities

(113,466

)

(44,984

)

Cash flows from financing activities

Loan repayments in year

(272,046

)

(198,373

)

Amount introduced by directors

184,076

93,047

Amount withdrawn by directors

(44,568

)

(59,162

)

Equity dividends paid

(64,680

)

(66,800

)

Net cash from financing activities

(197,218

)

(231,288

)

Increase in cash and cash equivalents

177,821

285,546

Cash and cash equivalents at beginning of year

2

693,460

407,914

Cash and cash equivalents at end of year

2

871,281

693,460

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

31.8.25

31.8.24

£

£

Profit before taxation

485,839

423,086

Depreciation charges

255,450

226,994

Finance costs

203,879

219,895

945,168

869,975

Decrease/(increase) in stocks

12,847

(33,917

)

(Increase)/decrease in trade and other debtors

(37,957

)

26,649

Decrease in trade and other creditors

(90,556

)

(63,482

)

Cash generated from operations

829,502

799,225

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 31st August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

871,281

693,460

Year ended 31st August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

693,460

570,420

Bank overdrafts

-

(162,506

)

693,460

407,914

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank and in hand

693,460

177,821

871,281

693,460

177,821

871,281

Debt

Debts falling due within 1 year

(2,283,369

)

1,845,479

(437,890

)

Debts falling due after 1 year

(1,039,585

)

(1,566,470

)

(2,606,055

)

(3,322,954

)

279,009

(3,043,945

)

Total

(2,629,494

)

456,830

(2,172,664

)

1.	STATUTORY INFORMATION

Kevin Berkins Quality Meats 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 as modified by the revaluation of certain assets.

Basis of consolidation

The consolidated financial statements include the company and all its subsidiary undertakings. Inter group sales and profits are eliminated fully on consolidation.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following estimates have had the most significant effect on amounts recognised in the financial statements:

Valuation of property held on a revaluation basis

Property accounted for on a revaluation basis is valued by an independent valuer and then subsequently reassessed by the directors in future years. In making their assessment the directors use market and performance data available at the year end.

Turnover

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

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill has been fully amortised.

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.

Freehold property

-

2% on cost

Improvements to property

-

20% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost and 25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

31.8.25

31.8.24

£

£

Wages and salaries

1,434,611

1,390,295

Social security costs

75,924

88,356

Other pension costs

19,318

17,229

1,529,853

1,495,880