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REGISTERED NUMBER: 06612348 (England and Wales)

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| OLIVER LANDPOWER LIMITED |

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Notes to the Financial Statements | 12 |

| OLIVER LANDPOWER LIMITED |

COMPANY INFORMATION

for the Year Ended 30 SEPTEMBER 2025

| DIRECTORS: | Mr C G Glenister

| Ms A C Barnes

| Mr A P Hewis

| Mr R W Nicholls

| REGISTERED OFFICE: | Wandon End Works

| Luton

| Bedfordshire

| LU2 8NY

| REGISTERED NUMBER: | 06612348 (England and Wales)

| AUDITORS: | FKCA Limited

| Statutory Auditor

| 260 - 270 Butterfield

| Great Marlings

| Luton

| Bedfordshire

| LU2 8DL

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

STRATEGIC REPORT

for the Year Ended 30 SEPTEMBER 2025

The directors present their strategic report for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES

The company's principal activities during the year continued to be:

- Sales, and Aftersales supply for agricultural machinery.

- Sales, and Aftersales supply for professional ground care machinery and vehicles.

- Commercial vehicle sales and Aftersales.

- Hire of vehicles to the event and film industry.

Agricultural machinery operations are delivered from five depots located in Luton, Kings Langley, Tingewick, Stratford upon Avon and Colchester. Ground care machinery, commercial vehicle sales and event hire activities are based at the Kings Langley depot, which benefits from its strategic proximity to London and provides access to markets beyond the core agricultural sector.

REVIEW OF THE BUSINESS

The Oliver name has supported the agricultural sector for over 200 years. The business continues to leverage this heritage, supported by a strong management team, experienced sales professionals and highly trained service engineers. Modern IT systems, an up to date website and effective communication channels enable the company to respond quickly to customer needs.

The event hire division, trading as Oliverbuggyhire, remains recognised as one of the most professional operators in its market, supplying sporting events, music festivals and the TV and film industry nationwide. The Isuzu pick up business also continues to be an important contributor operating from the Kings Langley and Tingewick sites.

The company benefits from long standing relationships with key suppliers, all of whom are market leaders in their sectors. These include JCB, Amazone, McHale, McConnel, Kuhn, Toro, Club Car and Isuzu. Strong supplier partnerships ensure access to high quality, desirable products at competitive prices.

Sales after discounts for the financial year 2024-25 remained broadly consistent with the prior year. Lead times for most products have improved significantly, supporting strong operational performance across all divisions.

These conditions resulted in a net profit before taxation of £291,617 for the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors continually monitor the key risks facing the company and the effectiveness of the controls in place. Principal risks identified include:

The directors identify the principal risks and uncertainties facing the company as:-

Competitor Pressure and Market Demand |  | - |  | The company operates in a competitive market where pressure from competitors could impact sales. This risk is mitigated through the supply of high quality products from leading brands and by maintaining strong, long term customer relationships, often spanning multiple generations. |

Reliance on key suppliers |  | - |  | Dependence on certain suppliers could expose the business to supply chain disruption. The directors manage this risk by maintaining a broad supplier base, exploring alternative products where appropriate, and nurturing long standing supplier partnerships that provide mutual benefit. |

Loss of key personnel |  | - |  | Loss of key staff could create operational challenges. The company mitigates this risk through performance recognition, competitive reward structures, succession planning and investment in training to support career progression and retention. |

Interest rate exposure |  | - |  | Increased funding costs affect both the company and its customers. The directors manage this risk by controlling stock levels, adapting to a higher cost base, and working closely with suppliers and preferred finance partners to provide affordable purchasing solutions. |

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

STRATEGIC REPORT

for the Year Ended 30 SEPTEMBER 2025

FUTURE OUTLOOK

The company has entered the new financial year with a strong order book and positive trading momentum. However, the directors remain mindful of significantly increased operating costs and the impact of lower commodity prices on certain customer sectors.

Demand remains strong across all product categories, supported by the company's portfolio of market leading brands. Continued focus on stock management, cost control and competitive financing solutions will be essential to maintaining profitability and supporting customers in a challenging economic environment.

ON BEHALF OF THE BOARD:

Ms A C Barnes - Director

26 May 2026

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

REPORT OF THE DIRECTORS

for the Year Ended 30 SEPTEMBER 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

DIRECTORS

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

Mr C G Glenister

Ms A C Barnes

Mr A P Hewis

Mr R W Nicholls

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The company operates within the group's centralised treasury function which is responsible for managing the liquidity, interest and foreign currency risks associated with the company's activities.

The company's principal financial instruments include stocking finance agreements, hire purchase agreements and borrowing from the parent company, the main purpose of which are to provide working capital for the company's operations. In addition, the company has various other financial assets and liabilities such as trade receivable and trade payables arising directly from its operations.

Liquidity Risk

The group manages its cash and borrowing requirements centrally to maximise interest income and minimise interest expense, whilst ensuring that the company has sufficient liquid resources to meet the operating needs of its business.

Credit Risk

All customers who wish to trade on credit terms are subject to credit verification procedures. Receivable balances are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

DISCLOSURE IN THE STRATEGIC REPORT

Information relating to principal risks and uncertainties the company is facing as well as the future developments of the company has been disclosed in the Strategic Report. Any matters that are Directors' Report disclosure requirements but considered by the directors to be of strategic importance to the group have been included in the Strategic Report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

REPORT OF THE DIRECTORS

for the Year Ended 30 SEPTEMBER 2025

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 company'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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Ms A C Barnes - Director

26 May 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OLIVER LANDPOWER LIMITED

Opinion

We have audited the financial statements of Oliver Landpower Limited (the 'company') for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 30 September 2025 and of its 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 company 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 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 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 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 Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OLIVER LANDPOWER LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 four, 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 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 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud was as follows:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Enquiry of entity staff and the board of directors to identify any instances of non-compliance with laws and regulations; and

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to involve the completeness and timing of income recognition and the override of controls by management.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

OLIVER LANDPOWER LIMITED

To address the risk, including fraud, in relation to revenue recognition, we:

- Performed detailed substantive testing to address completeness and accuracy of income;

- Assessed the appropriateness and application of the accounting policy concerning income recognition; and

- Performed detailed cut-off testing either side of the balance sheet date.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Tested journal entries to identify unusual transactions;

- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- Investigated the rationale behind significant or unusual transactions.

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.

Stephen Mason BSc FCA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

Statutory Auditor

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

1 June 2026

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

STATEMENT OF COMPREHENSIVE

INCOME

for the Year Ended 30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 4 | 47,624,618 |  | 46,972,648 |  |

Cost of sales | 44,580,330 |  | 43,884,021 |  |

GROSS PROFIT | 3,044,288 |  | 3,088,627 |  |

Distribution costs | 1,024,049 |  | 1,078,247 |  |

Administrative expenses | 1,686,203 |  | 1,650,600 |  |

|  |  | 2,710,252 |  |  |  |  | 2,728,847 |  |

OPERATING PROFIT | 6 | 334,036 |  | 359,780 |  |

Interest payable and similar expenses | 7 | 42,419 |  | 39,951 |  |

PROFIT BEFORE TAXATION | 291,617 |  | 319,829 |  |

Tax on profit | 8 | 21,398 |  | 84,297 |  |

PROFIT FOR THE FINANCIAL YEAR | 270,219 |  | 235,532 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 270,219 |  | 235,532 |  |

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 1,192,651 |  | 1,436,091 |  |

CURRENT ASSETS

Stocks | 10 | 7,416,435 |  | 7,416,081 |  |

Debtors | 11 | 3,287,384 |  | 3,951,606 |  |

Cash in hand | 1,696 |  | 1,842 |  |

10,705,515 |  | 11,369,529 |  |

CREDITORS

Amounts falling due within one year | 12 | 8,263,719 |  | 9,073,368 |  |

NET CURRENT ASSETS | 2,441,796 |  | 2,296,161 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,634,447 |  | 3,732,252 |  |

CREDITORS

Amounts falling due after more than one year | 13 | (172,929 | ) | (481,298 | ) |

PROVISIONS FOR LIABILITIES | 16 | (296,504 | ) | (356,159 | ) |

NET ASSETS | 3,165,014 |  | 2,894,795 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 557,375 |  | 557,375 |  |

Retained earnings | 2,607,639 |  | 2,337,420 |  |

SHAREHOLDERS' FUNDS | 3,165,014 |  | 2,894,795 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Mr C G Glenister - Director

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

STATEMENT OF CHANGES IN EQUITY

for the Year Ended 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 557,375 |  | 2,101,888 |  | 2,659,263 |  |

Changes in equity

Total comprehensive income | - |  | 235,532 |  | 235,532 |  |

Balance at 30 September 2024 | 557,375 |  | 2,337,420 |  | 2,894,795 |  |

Changes in equity

Total comprehensive income | - |  | 270,219 |  | 270,219 |  |

Balance at 30 September 2025 | 557,375 |  | 2,607,639 |  | 3,165,014 |  |

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Oliver Landpower 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirement of paragraph 3.17(d);

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).

| In taking advantage of these exemptions as a subsidiary undertaking the company has provided details of its parent undertaking in Note 19.

| Significant judgements and estimates

| The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimated outcome.

| In the course of preparing the financial statements, management has made a judgement in respect of determining the net realisable value of stock held by the company at the balance sheet date. Factors that have been considered when calculating the value include (but are not restricted to) the selling environment, stock condition and amount of time stock items are held by the company.

| Due to the nature of the industry items of stock held by the company at the balance sheet date may be held for a significant amount of time and so increase the level of judgement required by management to value that stock.

| Turnover

| Turnover is measured at the fair value of consideration received (or receivable), net of discounts and value added taxes.

| Turnover from the sale of agricultural and groundcare machinery is recognised in full at the time of delivery to the customer, when it is considered significant rights and obligations of ownership have been transferred. Turnover from the hire of goods is recognised evenly over the term of the hire.

| In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced at the year end and which are determined by reference to the stage of completion.

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

3. | 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Long leasehold |  | - equally over the remaining period of the lease |  |

| Plant and machinery |  | - 25% on cost and 10% on reducing balance |  |

| Fixtures and fittings |  | - 25% on cost and 10% on reducing balance |  |

| Motor vehicles |  | - 25% on cost |  |

| All fixed assets are initially 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.

| Financial instruments

| The company has chosen to adopt Section 11 and 12 of FRS 102 in respect of financial instruments.

| Basic financial assets and liabilities, including trade and other debtors, trade and other creditors and loans from fellow group companies are recognised at amortised cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 as 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 arising from the movement in foreign currency exchange rates between the date of the transaction and payment are taken into account in arriving at the operating result.

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

3. | 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.

4. | TURNOVER

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

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Sale of goods | 42,528,499 |  | 42,103,353 |  |

| Rendering of services | 3,821,023 |  | 3,722,059 |  |

| Hire of fleet | 1,275,096 |  | 1,147,236 |  |

47,624,618 |  | 46,972,648 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 46,747,505 |  | 46,117,712 |  |

| Overseas | 877,113 |  | 854,936 |  |

47,624,618 |  | 46,972,648 |  |

5. | EMPLOYEES AND DIRECTORS

| All staff are employed by a group company, labour costs recharged are disclosed within the Related Party Disclosure note.

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

| During the year, the average number of employees were nil (2024: nil).

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

6. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Other operating leases | 322,885 |  | 251,100 |  |

| Depreciation - owned assets | 354,257 |  | 262,373 |  |

| Depreciation - assets on hire purchase contracts | 164,014 |  | 208,202 |  |

| Profit on disposal of fixed assets | (126,286 | ) | (79,535 | ) |

| Auditors' remuneration | 18,075 |  | 17,640 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Hire purchase | 42,419 |  | 39,951 |  |

| Interest included in cost of sales:

| Stocking interest |  | 284,157 |  |  | 301,934 |  |

8. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 72,806 |  | 82,726 |  |

| Under provision last year | 8,247 |  | - |  |

| Total current tax | 81,053 |  | 82,726 |  |

| Deferred tax | (59,655 | ) | 1,571 |  |

| Tax on profit | 21,398 |  | 84,297 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

8. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 291,617 |  | 319,829 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 72,904 |  | 79,957 |  |

| Effects of:

| Capital allowances in excess of depreciation | (1,189 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 3,590 |  |

| Adjustments to tax charge in respect of previous periods | 8,247 |  | 750 |  |

| Utilisation of tax losses from group | (58,564 | ) | - |  |

| Total tax charge | 21,398 |  | 84,297 |  |

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 October 2024 | 201,974 |  | 3,216,625 |  | 445,147 |  | 998,144 |  | 4,861,890 |  |

| Additions | 4,592 |  | 225,754 |  | 11,568 |  | 88,562 |  | 330,476 |  |

| Disposals | - |  | (328,121 | ) | - |  | (28,159 | ) | (356,280 | ) |

| At 30 September 2025 | 206,566 |  | 3,114,258 |  | 456,715 |  | 1,058,547 |  | 4,836,086 |  |

| DEPRECIATION

| At 1 October 2024 | 174,673 |  | 2,178,132 |  | 351,512 |  | 721,482 |  | 3,425,799 |  |

| Charge for year | 8,469 |  | 367,132 |  | 23,307 |  | 119,363 |  | 518,271 |  |

| Eliminated on disposal | - |  | (275,934 | ) | - |  | (24,701 | ) | (300,635 | ) |

| At 30 September 2025 | 183,142 |  | 2,269,330 |  | 374,819 |  | 816,144 |  | 3,643,435 |  |

| NET BOOK VALUE

| At 30 September 2025 | 23,424 |  | 844,928 |  | 81,896 |  | 242,403 |  | 1,192,651 |  |

| At 30 September 2024 | 27,301 |  | 1,038,493 |  | 93,635 |  | 276,662 |  | 1,436,091 |  |

| The net book value of tangible fixed assets includes £ 367,255 (2024 - £ 576,738 ) in respect of assets held under hire purchase contracts.

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

10. | STOCKS

2025 | 2024 |

£ | £ |

| Parts stock | 915,326 |  | 985,340 |  |

| Wholegoods stock | 6,501,109 |  | 6,430,741 |  |

7,416,435 |  | 7,416,081 |  |

| A reversal of impairment loss of £33,706 was recognised in cost of sales against stock during the year (2024 - an impairment loss of £113,568 ).

| The net book value of stock includes £2,659,853 (2024 - £1,931,475) in respect of assets held under stocking plan contracts. The net book value of stock includes £405,781 (2024 - £490,151) in respect of assets held under hire purchase contracts.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,980,255 |  | 3,613,381 |  |

| Amounts recoverable on contract | 172,041 |  | 243,339 |  |

| Prepayments and accrued income | 135,088 |  | 94,886 |  |

3,287,384 |  | 3,951,606 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 14) | 370,997 |  | 517,936 |  |

| Trade creditors | 5,214,972 |  | 4,381,965 |  |

| Amounts owed to group undertakings | 2,652,095 |  | 4,131,604 |  |

| Corporation tax | 5,754 |  | 16,976 |  |

| Accruals and deferred income | 19,901 |  | 24,887 |  |

8,263,719 |  | 9,073,368 |  |

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 14) | 172,929 |  | 481,298 |  |

14. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 370,997 |  | 517,936 |  |

| Between one and five years | 172,929 |  | 481,298 |  |

543,926 |  | 999,234 |  |

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

14. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 167,000 |  | 167,000 |  |

| Between one and five years | 668,000 |  | 668,000 |  |

| In more than five years | 360,795 |  | 527,795 |  |

1,195,795 |  | 1,362,795 |  |

15. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 543,926 |  | 999,234 |  |

| Trade creditors | 3,290,504 |  | 2,640,191 |  |

3,834,430 |  | 3,639,425 |  |

| The hire purchase contracts are secured over the assets to which they relate. The trade creditors are secured on stock.

16. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 296,504 |  | 356,159 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 356,159 |  |

| Provided during year | (59,655 | ) |

| Balance at 30 September 2025 | 296,504 |  |

| The deferred tax liability expected to reverse next year is £109,000 relating to the reversal of existing timing differences on capital allowances.

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 557,375 | Ordinary | £1 | 557,375 |  | 557,375 |  |

| Ordinary shares have full voting rights and full entitlement to participate in dividends and capital distributions.

OLIVER LANDPOWER LIMITED (REGISTERED NUMBER: 06612348) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

18. | CONTINGENT LIABILITIES

| The company has entered into a Memorandum Accounts Statement System (MASS) agreement with Barclays Bank Plc for bank facility purposes with the ultimate parent undertaking ATO Holdings Limited and A. T. Oliver & Sons Limited, such that each participant is jointly and severally liable as a principal debtor for all indebtedness owing to the bank on the MASS account.

19. | RELATED PARTY DISCLOSURES

| Oliver LP 2010 Limited is the parent company. ATO Holdings Limited is the ultimate parent company of the group in whose consolidated financial statements the financial statements of this company are consolidated. The address of the registered office of ATO Holdings Limited is Wandon End Works, Wandon End, Luton, Beds, LU2 8NY. Group accounts can be obtained from this address.

| Entities with control, joint control or significant influence over the entity

2025 | 2024 |

£ | £ |

| Management charge | 201,452 |  | 337,092 |  |

| Rent | 110,170 |  | 42,600 |  |

| Amount due to related party | 748,510 |  | 2,069,835 |  |

| As noted within the contingent liabilities note, the company is part of the Memorandum Account Statements System group bank facilities with Barclays Bank PLC. The effect of this results in the company holding a memorandum account within the legal bank account of ATO Holdings Limited. The memorandum account is accounted through the inter-company account.

| ATO Holdings Limited has provided guarantees to various creditors in respect of the company's stocking loan facilities. At 30 September 2025, the amount owed by Oliver Landower Limited under this guarantee was £3,290,504 (2024: £2,640,191). The maximum liability in respect of this guarantee is £13,265,000 (2024: £13,265,000).

| Other related parties

2025 | 2024 |

£ | £ |

| Sales | 138,099 |  | 137,269 |  |

| Purchases | 83,874 |  | 24,912 |  |

| Labour costs | 4,610,940 |  | 4,550,472 |  |

| Amount due to related party | 1,903,586 |  | 2,061,770 |  |

| The related party's involved in the sales and purchase transactions have not recognised any profit or loss on the transactions.

| The balances between related parties are due on demand and not secured.

| During the year, a total of key management personnel compensation of £ 501,536 (2024 - £ 474,800 ) was paid.

| The directors are considered to be key management and are paid by other group undertakings which is recharged to the company.