IRIS Accounts Production v26.1.10.61 07269592 Board of Directors Board of Directors 31.12.25 1.1.25 31.12.25 31.12.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Retail Sale of Sporting Equipment true true true false true true false false false false true true false Ordinary share capital 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07269592 2024-12-31 07269592 2025-12-31 07269592 2025-01-01 2025-12-31 07269592 2023-12-31 07269592 2024-01-01 2024-12-31 07269592 2024-12-31 07269592 ns15:EnglandWales 2025-01-01 2025-12-31 07269592 ns14:PoundSterling 2025-01-01 2025-12-31 07269592 ns10:Director1 2025-01-01 2025-12-31 07269592 ns10:Director2 2025-01-01 2025-12-31 07269592 ns10:Consolidated 2025-12-31 07269592 ns10:ConsolidatedGroupCompanyAccounts 2025-01-01 2025-12-31 07269592 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07269592 ns10:Consolidated ns10:MediumEntities 2025-01-01 2025-12-31 07269592 ns10:Consolidated ns10:Audited 2025-01-01 2025-12-31 07269592 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 07269592 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07269592 ns10:Consolidated 2025-01-01 2025-12-31 07269592 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 07269592 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2025-01-01 2025-12-31 07269592 ns10:FullAccounts 2025-01-01 2025-12-31 07269592 ns5:Subsidiary1 2025-01-01 2025-12-31 07269592 1 2025-01-01 2025-12-31 07269592 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 07269592 ns10:Director3 2025-01-01 2025-12-31 07269592 ns10:RegisteredOffice 2025-01-01 2025-12-31 07269592 ns10:Consolidated 2024-01-01 2024-12-31 07269592 ns5:CurrentFinancialInstruments 2025-12-31 07269592 ns5:CurrentFinancialInstruments 2024-12-31 07269592 ns5:Non-currentFinancialInstruments 2025-12-31 07269592 ns5:Non-currentFinancialInstruments 2024-12-31 07269592 ns5:ShareCapital 2025-12-31 07269592 ns5:ShareCapital 2024-12-31 07269592 ns5:SharePremium 2025-12-31 07269592 ns5:SharePremium 2024-12-31 07269592 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 07269592 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07269592 ns5:ShareCapital 2023-12-31 07269592 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 07269592 ns5:SharePremium 2023-12-31 07269592 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 07269592 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 07269592 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 07269592 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 07269592 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 07269592 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 07269592 ns5:PlantMachinery 2025-01-01 2025-12-31 07269592 ns5:FurnitureFittings 2025-01-01 2025-12-31 07269592 ns5:LandBuildings 2024-12-31 07269592 ns5:LandBuildings 2025-01-01 2025-12-31 07269592 ns5:LandBuildings 2025-12-31 07269592 ns5:LandBuildings 2024-12-31 07269592 ns5:CostValuation 2024-12-31 07269592 1 ns5:Subsidiary1 2025-01-01 2025-12-31 07269592 ns5:Subsidiary1 2025-12-31 07269592 ns5:Subsidiary1 2024-12-31 07269592 ns5:Subsidiary1 2024-01-01 2024-12-31 07269592 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 07269592 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 07269592 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-12-31 07269592 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-12-31 07269592 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-12-31 07269592 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 07269592 ns5:Secured 2025-12-31 07269592 ns5:Secured 2024-12-31 07269592 ns10:OrdinaryShareClass1 2025-12-31 07269592 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07269592 ns5:SharePremium 2024-12-31

REGISTERED NUMBER: 07269592 (England and Wales)

| GROUP STRATEGIC REPORT,

| REPORT OF THE DIRECTORS AND

| CONSOLIDATED FINANCIAL STATEMENTS

| FOR THE YEAR ENDED 31 DECEMBER 2025

| FOR

| NEWITTS OF YORK LIMITED

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditors | 6 |

Consolidated Income Statement | 10 |

Consolidated Other Comprehensive Income | 11 |

Consolidated Balance Sheet | 12 |

Company Balance Sheet | 14 |

Consolidated Statement of Changes in Equity | 16 |

Company Statement of Changes in Equity | 17 |

Consolidated Cash Flow Statement | 18 |

Notes to the Consolidated Cash Flow Statement | 19 |

Notes to the Consolidated Financial Statements | 21 |

NEWITTS OF YORK LIMITED

COMPANY INFORMATION

for the Year Ended 31 December 2025

| DIRECTORS: | N J Newitt

| Mrs L J Newitt

| F S Newitt

| REGISTERED OFFICE: | Claxton Hall

| Flaxton

| York

| North Yorkshire

| YO60 7RE

| REGISTERED NUMBER: | 07269592 (England and Wales)

| AUDITORS: | Sowerby

| Chartered Accountants and Statutory Auditors

| Beckside Court

| Annie Reed Road

| Beverley

| East Yorkshire

| HU17 0LF

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

GROUP STRATEGIC REPORT

for the Year Ended 31 December 2025

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

REVIEW OF BUSINESS

The principle activity of the company throughout the year continues to be that of a parent holding company. The principle activity of the group throughout the year continues to be the sale of sporting goods.

2025 has continued to show positive results for the group, and the directors expect that to continue in 2026.

The group continues to supply own brand stock and branded goods from the large brands such as Nike, Gilbert and Mitre.

The pressure on the global supply chains, whilst challenging, are felt by the sector globally, and with continued investment in partnership with suppliers and logistic partners enables the group to manage stock actively.

The requirement to maintain the group's e-commerce market share means that it continues to invest in marketing its website.

The group's key financial performance indicators during the year were as follows:

| 2025 |  | 2024 |  |

Gross profit |  |  | £6,449,142 |  | £6,598,777 |  |

Gross profit percentage |  |  | 33.91% |  | 33.38% |  |

Sales growth year on year |  |  | -3.8% |  | 9.8% |  |

PRINCIPAL RISKS AND UNCERTAINTIES

The continued mixed messages surrounding the state of the world economy coupled with the geo-political landscape within the world may lead to an economic downturn which in turn may result in a decrease in consumption of sports goods. The significant government investment in the public sector should assist the group in continuing to grow, with its existing strong links within the education and military sector.

The increases in staffing costs continue to have a significant impact on the business moving forward. However the investment in the warehouse and stock-holding system will ensure that the group continues to make operational efficiencies in an effort to offset some of those cost increases.

Inflationary pressures could continue to make procurement a key area for the directors to concentrate on however our strong financial position should allow the group to continue to ensure continuity of supply and cost-effective purchasing power.

In managing the business, the directors have established controls to enable them to respond to and mitigate the impact of such risks in a timely manner to ensure the effect on the business is minimised.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

GROUP STRATEGIC REPORT

for the Year Ended 31 December 2025

DEVELOPMENT AND PERFORMANCE

There are a considerable number of sporting events taking place in 2026, with the expanded 48 team World Cup in the USA and 2027 Olympics. These are the main events the business will concentrate on.

The investment made in the warehouse and stockholding system has created significant opportunities for the business to maintain its strong market position and improve its operational efficiencies. The investment in solar energy on the roof of the warehouse has allowed the business to mitigate some of the risks around energy price hikes, whilst maintaining a social conscience by reducing our carbon footprint.

The group has a strong cashflow and balance sheet position which should enable it to continue to generate growth and profitability for the future even in these uncertain times.

GOING CONCERN

The directors have reasonable expectations that the group has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period in excess of twelve months from the date of approval of signing these financial statements in making this assessment.

ON BEHALF OF THE BOARD:

N J Newitt - Director

22 April 2026

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

REPORT OF THE DIRECTORS

for the Year Ended 31 December 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

FUTURE DEVELOPMENTS

The group has continued to invest in key management personnel, capital assets and revisions to the long term strategy. The directors feel this investment and strategic planning has already shown great promise and envisage continued improvements to long-term stability, resilience and profitability.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

N J Newitt

Mrs L J Newitt

F S Newitt

FINANCIAL INSTRUMENTS

The group's principal financial instruments comprise trade debtors, trade creditors and bank overdrafts. The main purpose of these instruments is to raise funds to finance the company's operations.

The group's approach to managing risks applicable to the financial instruments is shown below.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

In respect of bank overdrafts, liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating and fixed rates of interest.

The group is a lessee in respect of finance leased assets. The monthly repayments on finance lease agreements are fixed and liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

REPORT OF THE DIRECTORS

for the Year Ended 31 December 2025

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.

ON BEHALF OF THE BOARD:

N J Newitt - Director

22 April 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

NEWITTS OF YORK LIMITED

Opinion

We have audited the financial statements of Newitts of York Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 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 31 December 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

NEWITTS OF YORK LIMITED

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 five, 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

NEWITTS OF YORK LIMITED

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 irregularities, including fraud. 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 The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- we also obtained an understanding of the legal and regulatory frameworks that the company operates in and determined that the most significant are those that relate to the reporting framework, FRS 102, the Companies Act 2006 and the relevant tax laws and regulations in the UK. In addition, we concluded that there are certain significant laws and regulations which may have an effect on the determination of the amounts and disclosures in the financial statements, relating in majority to general health and safety and employee matters;

- we reviewed results of our enquiries of management about their own identification and assessment of the risks of irregularities; and assessed how the entity identifies, evaluates and complies with laws and regulations and whether management were aware of any instances of non-compliance. We corroborated our enquiries through our review of board minutes and consideration of the results of our audit procedures across the company;

- we also considered how the entity detects and responds to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- we considered the controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how management monitors those controls;

- the internal controls established to mitigate risks of non-compliance with laws and regulations were also investigated;.

- we also considered the existence of performance targets and their potential influence on management to manage earnings, and

- where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk.

These procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error.

We reviewed financial statement disclosures and performed testing to supporting documentation to assess compliance with applicable laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

NEWITTS OF YORK LIMITED

We also tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. There was a focus on manual journals and journals indicating large or unusual transactions; enquiries of company management; and challenging the assumptions and judgements made by management by reviewing third party evidence wherever possible.

The results of our procedures did not identify any instances or irregularities, including fraud.

No inherent difficulties were found in the standard processes for detecting irregularities; due to the sector in which it operates and the controls put in place, there was no significant shift in the control environment in the current year.

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.

Richard Skewis FCCA (Senior Statutory Auditor)

for and on behalf of Sowerby

Chartered Accountants and Statutory Auditors

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

22 April 2026

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONSOLIDATED INCOME STATEMENT

for the Year Ended 31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 19,015,733 |  | 19,767,137 |  |

Cost of sales | 12,566,591 |  | 13,168,360 |  |

GROSS PROFIT | 6,449,142 |  | 6,598,777 |  |

Distribution costs | 2,064,424 |  | 2,402,733 |  |

Administrative expenses | 3,246,197 |  | 2,494,935 |  |

|  |  | 5,310,621 |  |  |  |  | 4,897,668 |  |

1,138,521 |  | 1,701,109 |  |

Other operating income | 14,524 |  | 3,165 |  |

OPERATING PROFIT | 5 | 1,153,045 |  | 1,704,274 |  |

Interest receivable and similar income | 80,312 |  | 90,433 |  |

1,233,357 |  | 1,794,707 |  |

Interest payable and similar expenses | 6 | 29,081 |  | 60,224 |  |

PROFIT BEFORE TAXATION | 1,204,276 |  | 1,734,483 |  |

Tax on profit | 7 | 250,771 |  | 437,148 |  |

PROFIT FOR THE FINANCIAL YEAR | 953,505 |  | 1,297,335 |  |

Profit attributable to:

Owners of the parent | 953,505 |  | 1,297,335 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONSOLIDATED OTHER COMPREHENSIVE INCOME

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 953,505 |  | 1,297,335 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 953,505 |  | 1,297,335 |  |

Total comprehensive income attributable to:

Owners of the parent | 953,505 |  | 1,297,335 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONSOLIDATED BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 612 |  | 717 |  |

Tangible assets | 10 | 3,889,679 |  | 4,046,188 |  |

Investments | 11 | - |  | - |  |

3,890,291 |  | 4,046,905 |  |

CURRENT ASSETS

Stocks | 12 | 4,985,436 |  | 4,605,373 |  |

Debtors | 13 | 1,002,258 |  | 648,421 |  |

Cash at bank | 2,192,197 |  | 3,147,628 |  |

8,179,891 |  | 8,401,422 |  |

CREDITORS

Amounts falling due within one year | 14 | 1,921,656 |  | 1,908,706 |  |

NET CURRENT ASSETS | 6,258,235 |  | 6,492,716 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,148,526 |  | 10,539,621 |  |

CREDITORS

Amounts falling due after more than one year | 15 | - |  | (1,260,000 | ) |

PROVISIONS FOR LIABILITIES | 18 | (48,348 | ) | (132,948 | ) |

NET ASSETS | 10,100,178 |  | 9,146,673 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONSOLIDATED BALANCE SHEET - continued

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 19 | 2,000 |  | 2,000 |  |

Share premium | 20 | 1,414,303 |  | 1,414,303 |  |

Retained earnings | 20 | 8,683,875 |  | 7,730,370 |  |

SHAREHOLDERS' FUNDS | 10,100,178 |  | 9,146,673 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

Mrs L J Newitt - Director

N J Newitt - Director

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

COMPANY BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 3,694,270 |  | 2,597,341 |  |

Investments | 11 | 1 |  | 1 |  |

3,694,271 |  | 2,597,342 |  |

CURRENT ASSETS

Debtors | 13 | 6,937 |  | 352,708 |  |

Cash at bank | 1,215 |  | 182,545 |  |

8,152 |  | 535,253 |  |

CREDITORS

Amounts falling due within one year | 14 | 43,329 |  | 163,142 |  |

NET CURRENT (LIABILITIES)/ASSETS | (35,177 | ) | 372,111 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,659,094 |  | 2,969,453 |  |

CREDITORS

Amounts falling due after more than one year | 15 | - |  | 1,260,000 |  |

NET ASSETS | 3,659,094 |  | 1,709,453 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

COMPANY BALANCE SHEET - continued

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 19 | 2,000 |  | 2,000 |  |

Share premium | 20 | 1,414,303 |  | 1,414,303 |  |

Retained earnings | 20 | 2,242,791 |  | 293,150 |  |

SHAREHOLDERS' FUNDS | 3,659,094 |  | 1,709,453 |  |

Company's profit for the financial year | 1,949,641 |  | 79,681 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

Mrs L J Newitt - Director

N J Newitt - Director

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 2,000 |  | 6,433,035 |  | 1,414,303 |  | 7,849,338 |  |

Changes in equity

Total comprehensive income | - |  | 1,297,335 |  | - |  | 1,297,335 |  |

Balance at 31 December 2024 | 2,000 |  | 7,730,370 |  | 1,414,303 |  | 9,146,673 |  |

Changes in equity

Total comprehensive income | - |  | 953,505 |  | - |  | 953,505 |  |

Balance at 31 December 2025 | 2,000 |  | 8,683,875 |  | 1,414,303 |  | 10,100,178 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

COMPANY STATEMENT OF CHANGES IN EQUITY

for the Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 January 2024 | 2,000 |  | 213,469 |  | 1,414,303 |  | 1,629,772 |  |

Changes in equity

Total comprehensive income | - |  | 79,681 |  | - |  | 79,681 |  |

Balance at 31 December 2024 | 2,000 |  | 293,150 |  | 1,414,303 |  | 1,709,453 |  |

Changes in equity

Total comprehensive income | - |  | 1,949,641 |  | - |  | 1,949,641 |  |

Balance at 31 December 2025 | 2,000 |  | 2,242,791 |  | 1,414,303 |  | 3,659,094 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

CONSOLIDATED CASH FLOW STATEMENT

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 748,721 |  | 1,454,401 |  |

Interest paid | (29,081 | ) | (60,224 | ) |

Tax paid | (375,382 | ) | (465,943 | ) |

Net cash from operating activities | 344,258 |  | 928,234 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,155,116 | ) | (1,170,447 | ) |

Sale of tangible fixed assets | 1,155,115 |  | - |  |

Interest received | 80,312 |  | 90,433 |  |

Net cash from investing activities | 80,311 |  | (1,080,014 | ) |

Cash flows from financing activities

Loan repayments in year | (1,380,000 | ) | (120,000 | ) |

Net cash from financing activities | (1,380,000 | ) | (120,000 | ) |

Decrease in cash and cash equivalents | (955,431 | ) | (271,780 | ) |

Cash and cash equivalents at beginning of year | 2 | 3,147,628 |  | 3,419,408 |  |

Cash and cash equivalents at end of year | 2 | 2,192,197 |  | 3,147,628 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

for the Year Ended 31 December 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,204,276 |  | 1,734,483 |  |

| Depreciation charges | 156,615 |  | 151,718 |  |

| Finance costs | 29,081 |  | 60,224 |  |

| Finance income | (80,312 | ) | (90,433 | ) |

1,309,660 |  | 1,855,992 |  |

| Increase in stocks | (380,063 | ) | (607,757 | ) |

| (Increase)/decrease in trade and other debtors | (353,837 | ) | 264,609 |  |

| Increase/(decrease) in trade and other creditors | 172,961 |  | (58,443 | ) |

| Cash generated from operations | 748,721 |  | 1,454,401 |  |

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 31 December 2025

| 31/12/25 |  | 1/1/25

£ | £ |

| Cash and cash equivalents | 2,192,197 |  | 3,147,628 |  |

| Year ended 31 December 2024

| 31/12/24 |  | 1/1/24

£ | £ |

| Cash and cash equivalents | 3,147,628 |  | 3,419,408 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

for the Year Ended 31 December 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/1/25 | Cash flow | At 31/12/25

£ | £ | £ |

| Net cash |

| Cash at bank | 3,147,628 |  | (955,431 | ) | 2,192,197 |  |

3,147,628 |  | (955,431 | ) | 2,192,197 |  |

| Debt

| Debts falling due within 1 year | (120,000 | ) | 120,000 |  | - |  |

| Debts falling due after 1 year | (1,260,000 | ) | 1,260,000 |  | - |  |

(1,380,000 | ) | 1,380,000 |  | - |  |

| Total | 1,767,628 |  | 424,569 |  | 2,192,197 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Newitts Of York Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Claxton Hall, Flaxton, York, YO60 7RE.

| The principal activity of the company is that of a property holding company. The principal activities of the group are retail sale of sporting equipment.

| The presentational currency of the financial statements is Pound Sterling (£).

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.

| The group's forecasts and projections, taking account of reasonably likely changes in trading performance, show that the group should be able to operate within the level of financial resources and facilities currently available to it.

| All parts of the group have performed well.

| The group's financial reserves are strong which has allowed it to continue to invest heavily in all parts of the group's businesses to ensure continued success.

| The directors believe that the group will continue to perform well in the coming years.

| The directors, having taken into account the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Consequently they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| Basis of consolidation

| The financial statements are made up the 31 December 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| In the application of the company's accounting policies management is required 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 estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| No key sources of estimation uncertainty are noted by management that have a significant effect on the amounts recognised in the financial statements excluding those noted below.

| Turnover

| Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

| Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product/ service, have been transferred to the customer.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| 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

| Short leasehold | - | 2% on cost

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

| Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

| Being the property is rented by the company's subsidiary, fully for the purposes of the trade of the group. As such the property is held under the cost model rather than the fair value model.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is included in the accounts at its average cost, which is recalculated automatically upon the purchase of new stock 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.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Trade and other debtors

| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such case the receivables are stated at cost less impairment losses for bad and doubtful debts.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

| Trade and other creditors

| Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Impairment of financial assets

| Financial assets, are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that have occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

| Interest bearing borrowings

| Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

| 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 company operates a defined contribution pension scheme. The obligations for contributions to defined contribution scheme are recognised as an expense in the period they are incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Related parties

| For the purposes of these financial statements, a party is considered to be related to the company if:

| (i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in making financial and operating policy decisions, or has joint control over the company;

| (ii) the company and the party are subject to common control;

| (iii) the party is an associate of the company or a joint venture in which the company is a venture

| (iv) the party is a member of key management personnel of the company or the company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

| (v) the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or

| (vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

| (vii) the party, or any member of a group of which it is part, provides key management personnel services to the company or its parent.

| Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

| Financial instrument

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Investments in subsidiaries

| Investment in subsidiary undertakings are recognised at cost.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by class of business for the year ended 31 December 2024 is given below:

£ |

| Sale of goods | 19,767,137 |  |

19,767,137 |  |

| This analysis is not considered to be applicable to the year ended 31 December 2025.

| An analysis of turnover by geographical market for the year ended 31 December 2024 is given below:

£ |

| United Kingdom | 19,599,045 |  |

| Exports | 168,092 |  |

19,767,137 |  |

| This analysis is not considered to be applicable to the year ended 31 December 2025.

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,895,840 |  | 1,358,805 |  |

| Social security costs | 239,839 |  | 147,041 |  |

| Other pension costs | 22,135 |  | 19,550 |  |

2,157,814 |  | 1,525,396 |  |

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

| 2025 |  | 2024

| Administration | 5 |  | 5 |  |

| Operations | 28 |  | 28 |  |

33 |  | 33 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 3 (2024 - 3 ) .

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

4. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 846,584 |  | 421,584 |  |

| Directors' pension contributions to money purchase schemes | 1,321 |  | 1,321 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 401,032 |  | 172,560 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 156,510 |  | 151,614 |  |

| Patents and licences amortisation | 105 |  | 105 |  |

| Auditors' remuneration | 26,250 |  | 25,000 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 28,957 |  | 56,056 |  |

| Corporation Tax interest paid | - |  | 181 |  |

| Other interest | - |  | 3,987 |  |

| Interest payable | 124 |  | - |  |

29,081 |  | 60,224 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

7. | 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 | 335,371 |  | 400,384 |  |

| Deferred tax | (84,600 | ) | 36,764 |  |

| Tax on profit | 250,771 |  | 437,148 |  |

| UK corporation tax has been charged at 25 % .

| 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 | 1,204,276 |  | 1,734,483 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 301,069 |  | 433,621 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,084 |  | 562 |  |

| Capital allowances in excess of depreciation | - |  | (27,007 | ) |

| Depreciation in excess of capital allowances | 32,218 |  | - |  |

| Deferred tax | (84,600 | ) | 36,764 |  |

| Other permanent differences | - |  | (6,792 | ) |

| adjustment |

| Total tax charge | 250,771 |  | 437,148 |  |

| 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. In the year to 31 December 2025, deferred tax is charged at 25% (2024 - 25%).

8. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

9. | INTANGIBLE FIXED ASSETS

| Group

| Patents

| and

| licences

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1,052 |  |

| AMORTISATION

| At 1 January 2025 | 335 |  |

| Amortisation for year | 105 |  |

| At 31 December 2025 | 440 |  |

| NET BOOK VALUE

| At 31 December 2025 | 612 |  |

| At 31 December 2024 | 717 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Fixtures |

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

| property |  | leasehold |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 2,772,201 |  | 1,159,893 |  | 20,611 |  | 832,081 |  | 4,784,786 |  |

| Disposals | - |  | (1,159,893 | ) | - |  | - |  | (1,159,893 | ) |

| Reclassification/transfer | 1,155,116 |  | - |  | - |  | - |  | 1,155,116 |  |

| At 31 December 2025 | 3,927,317 |  | - |  | 20,611 |  | 832,081 |  | 4,780,009 |  |

| DEPRECIATION

| At 1 January 2025 | 174,860 |  | 4,778 |  | 19,903 |  | 539,057 |  | 738,598 |  |

| Charge for year | 58,187 |  | - |  | 548 |  | 97,775 |  | 156,510 |  |

| Eliminated on disposal | - |  | (4,778 | ) | - |  | - |  | (4,778 | ) |

| At 31 December 2025 | 233,047 |  | - |  | 20,451 |  | 636,832 |  | 890,330 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,694,270 |  | - |  | 160 |  | 195,249 |  | 3,889,679 |  |

| At 31 December 2024 | 2,597,341 |  | 1,155,115 |  | 708 |  | 293,024 |  | 4,046,188 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

10. | TANGIBLE FIXED ASSETS - continued

| Company

| Freehold

| property

£ |

| COST

| At 1 January 2025 | 2,772,201 |  |

| Reclassification/transfer | 1,155,116 |  |

| At 31 December 2025 | 3,927,317 |  |

| DEPRECIATION

| At 1 January 2025 | 174,860 |  |

| Charge for year | 58,187 |  |

| At 31 December 2025 | 233,047 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,694,270 |  |

| At 31 December 2024 | 2,597,341 |  |

| Included in cost of land and buildings is freehold land of £ 248,198 (2024 - £ 248,198 ) which is not depreciated.

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1 |  |

| At 31 December 2024 | 1 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

11. | FIXED ASSET INVESTMENTS - continued

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

| Subsidiary

| Newitt & Co Limited

| Registered office: Claxton Hall, Flaxton, York, North Yorkshire, YO60 7RE

| Nature of business: Retail sale of sporting equipment

| %

| Class of shares: | holding |

| Ordinary Shares | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 6,441,085 |  | 7,437,221 |  |

| Profit for the year | 879,099 |  | 1,217,654 |  |

12. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Stocks | 4,985,436 |  | 4,605,373 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 850,422 |  | 580,292 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | - |  | 336,373 |  |

| Other debtors | 108,588 |  | 14,016 |  | 6,937 |  | 8,235 |  |

| Prepayments | 43,248 |  | 54,113 |  | - |  | 8,100 |  |

1,002,258 |  | 648,421 |  | 6,937 |  | 352,708 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | - |  | 120,000 |  | - |  | 120,000 |  |

| Trade creditors | 903,291 |  | 702,592 |  | - |  | - |  |

| Tax | 110,496 |  | 150,507 |  | 43,329 |  | 43,142 |  |

| Social security and other taxes | 63,357 |  | 38,852 |  | - |  | - |  |

| VAT | 262,876 |  | 277,899 |  | - |  | - |  |

| Other creditors | 540,357 |  | 549,015 |  | - |  | - |  |

| Accrued expenses | 41,279 |  | 69,841 |  | - |  | - |  |

1,921,656 |  | 1,908,706 |  | 43,329 |  | 163,142 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 16) | - |  | 1,260,000 |  | - |  | 1,260,000 |  |

16. | LOANS

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | - |  | 120,000 |  | - |  | 120,000 |  |

| Amounts falling due between one and two years: |

| Bank loans - 1-2 years | - |  | 120,000 |  | - |  | 120,000 |  |

| Amounts falling due between two and five years: |

| Bank loans - 2-5 years | - |  | 360,000 |  | - |  | 360,000 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 780,000 |  | - |  | 780,000 |  |

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

17. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans | - |  | 1,380,000 |  | - |  | 1,380,000 |  |

| The long-term loans were secured by fixed charges over the property on Claxton Hall, with interest charged at 3.85%. The loans were repaid in full in the year.

18. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 48,348 |  | 132,948 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 132,948 |  |

| Credit to Income Statement during year | (84,600 | ) |

| Balance at 31 December 2025 | 48,348 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2,000 | Ordinary share capital | 1 | 2,000 |  | 2,000 |  |

| The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.

NEWITTS OF YORK LIMITED (REGISTERED NUMBER: 07269592)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

20. | RESERVES

| Group

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | 7,730,370 |  | 1,414,303 |  | 9,144,673 |  |

| Profit for the year | 953,505 |  | 953,505 |  |

| At 31 December 2025 | 8,683,875 |  | 1,414,303 |  | 10,098,178 |  |

| Company

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | 293,150 |  | 1,414,303 |  | 1,707,453 |  |

| Profit for the year | 1,949,641 |  | 1,949,641 |  |

| At 31 December 2025 | 2,242,791 |  | 1,414,303 |  | 3,657,094 |  |

21. | RELATED PARTY DISCLOSURES

| During the year Newitt & Co paid £205,907 (2024: £233,708) rent to Newitts of York Limited, the parent company of Newitt & Co Limited. The amount owed from Newitts of York Limited at the year end was £1,875,234 (2024: £336,373 owed to).

| The Directors consider that key management personnel are the same individuals as those who are Directors.

22. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr N J Newitt.