IRIS Accounts Production v26.1.10.60 11144669 Board of Directors 1.2.25 30.1.26 30.1.26 Medium entities The principal activity of the company was that of a holding company, which leases property to the trading company of the group, Frank King (Wigan) Ltd. The company has also a 50% stake in a joint venture that imports meat primary into the UK and Ireland from Europe. In November 2025 there was a group restructure and subsequently Frank King Holdings is 100% owned by Frank King Group Ltd which is a newly incorporated entity. The group's principal activity during the period continued to be the manufacturing and wholesale of cooked meats. true false true true false false false true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11144669 2025-01-31 11144669 2026-01-30 11144669 2025-02-01 2026-01-30 11144669 2024-01-26 11144669 2024-01-27 2025-01-31 11144669 2025-01-31 11144669 ns15:EnglandWales 2025-02-01 2026-01-30 11144669 ns14:PoundSterling 2025-02-01 2026-01-30 11144669 ns10:Director1 2025-02-01 2026-01-30 11144669 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-30 11144669 ns10:MediumEntities 2025-02-01 2026-01-30 11144669 ns10:Audited 2025-02-01 2026-01-30 11144669 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-30 11144669 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-02-01 2026-01-30 11144669 ns10:FullAccounts 2025-02-01 2026-01-30 11144669 ns5:JointVenture1 2025-02-01 2026-01-30 11144669 ns10:Director2 2025-02-01 2026-01-30 11144669 ns10:Director3 2025-02-01 2026-01-30 11144669 ns10:Director4 2025-02-01 2026-01-30 11144669 ns10:CompanySecretary1 2025-02-01 2026-01-30 11144669 ns10:RegisteredOffice 2025-02-01 2026-01-30 11144669 ns5:CurrentFinancialInstruments 2026-01-30 11144669 ns5:CurrentFinancialInstruments 2025-01-31 11144669 ns5:Non-currentFinancialInstruments 2026-01-30 11144669 ns5:Non-currentFinancialInstruments 2025-01-31 11144669 ns5:ShareCapital 2026-01-30 11144669 ns5:ShareCapital 2025-01-31 11144669 ns5:RetainedEarningsAccumulatedLosses 2026-01-30 11144669 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 11144669 ns5:ShareCapital 2024-01-26 11144669 ns5:RetainedEarningsAccumulatedLosses 2024-01-26 11144669 ns5:RetainedEarningsAccumulatedLosses 2024-01-27 2025-01-31 11144669 ns5:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-30 11144669 1 2025-02-01 2026-01-30 11144669 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-02-01 2026-01-30 11144669 ns5:OwnedAssets 2025-02-01 2026-01-30 11144669 ns5:OwnedAssets 2024-01-27 2025-01-31 11144669 ns5:LandBuildings 2025-01-31 11144669 ns5:LandBuildings 2025-02-01 2026-01-30 11144669 ns5:LandBuildings 2026-01-30 11144669 ns5:LandBuildings 2025-01-31 11144669 ns5:CostValuation 2025-01-31 11144669 ns5:JointVenture1 1 2025-02-01 2026-01-30 11144669 ns5:JointVenture1 2026-01-30 11144669 ns5:JointVenture1 2025-01-31 11144669 ns5:JointVenture1 2024-01-27 2025-01-31 11144669 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-30 11144669 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 11144669 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2026-01-30 11144669 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-01-31 11144669 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2026-01-30 11144669 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-01-31 11144669 ns5:Secured 2026-01-30 11144669 ns5:Secured 2025-01-31 11144669 ns5:DeferredTaxation 2025-02-01 2026-01-30 11144669 ns5:DeferredTaxation 2026-01-30 11144669 ns5:RetainedEarningsAccumulatedLosses 2025-01-31

REGISTERED NUMBER: 11144669 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Period

1 February 2025 to 30 January 2026

for

FRANK KING HOLDINGS LIMITED

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Contents of the Financial Statements

for the Period 1 February 2025 to 30 January 2026

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Income Statement | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Notes to the Financial Statements | 11 |

| FRANK KING HOLDINGS LIMITED |

Company Information

for the Period 1 February 2025 to 30 January 2026

| Directors: | J L Fitzsimons

| J Hamer

| J Hamer

| J Latham

| Secretary: | J Hamer

| Registered office: | 69 Queen Street

| Wigan

| WN3 4HX

| Registered number: | 11144669 (England and Wales)

| Auditors: | S&W Audit

| Pall Mall

| 1 Pollen Square

| 59 King Street

| Manchester

| M2 4PD

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Strategic Report

for the Period 1 February 2025 to 30 January 2026

The directors present their strategic report for the period 1 February 2025 to 30 January 2026.

Principal Activity

The principal activity of the company was that of a holding company, which leases property to the trading company of the group. The company has also a 50% stake in a joint venture that imports meat primarily into the UK and Ireland from Europe. In November 2025 there was a group restructure and subsequently Frank King Holdings is 100% owned by Frank King Group Ltd which is a newly incorporated entity. The group's principal activity during the period continued to be the manufacturing and wholesale of cooked meats.

Review of business

The company posted a strong period financial performance also showing an increase in net assets.

Principal risks and uncertainties

The directors regularly review the business risks and uncertainties facing the company and take the appropriate action where necessary. The following issues are the principal risks and uncertainties faced by the company.

Interest rate risk

The company has funded the purchase of properties through loans. As such, the operations of the entity are exposed to the effects of the changes in interest rate on debt. Wherever possible, the entity enters into fixed interest rate agreements to reduce the exposure to changes in interest rates. However, should interest rates increase, the entity is well placed to absorb any changes in rates as cash flow remains strong.

Security of Tenants

The Company rents out their properties to a fellow group entity, and Frank King Holdings Limited are reliant on them to meet their lease obligations as they fall due. As the rent is to a fellow group entity, the directors are fully aware of the company’s risks and uncertainties and actively monitor and mitigate these where appropriate.

Key performance indicators

| 2026 |  | 2025 |

| £ |  | £ |

Turnover |  |  | 219,131 |  | 206,106 |

Operating profit |  |  | 39,621 |  | 111,976 |

Profit after taxation |  |  | 1,017,632 |  | 523,837 |

Current assets |  |  | 6,787 |  | 38,131 |

Total equity |  |  | 3,548,288 |  | 3,486,179 |

On behalf of the board:

J Latham - Director

22 June 2026

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Report of the Directors

for the Period 1 February 2025 to 30 January 2026

The directors present their report with the financial statements of the company for the period 1 February 2025 to 30 January 2026.

Dividends

Ordinary dividends were paid amounts to £955,523. The directors do not recommend payment of a further dividend.

Directors

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

J L Fitzsimons

J Hamer

J Hamer

J Latham

Disclosure in the strategic report

The company has chosen in accordance with Companies Act 2006, s.414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of:

- |  | Financial risk management and objective policies |

- |  | Future developments |

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.

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:

J Latham - Director

22 June 2026

Report of the Independent Auditors to the Members of

Frank King Holdings Limited

Opinion

We have audited the financial statements of Frank King Holdings Limited (the 'company') for the period ended 30 January 2026 which comprise the Income Statement, Other 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 January 2026 and of its profit for the period 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 other information comprises the information included in the report of the directors, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the report of the directors. 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. 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 course of 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.

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.

Report of the Independent Auditors to the Members of

Frank King Holdings Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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.

Report of the Independent Auditors to the Members of

Frank King Holdings 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.

We obtained a general understanding of the company's legal and regulatory framework through the enquiry of management concerning their understanding of relevant laws and regulations, the company's policies and procedures regarding compliance and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the company's industry and regulation,

We understand that the company complies with the framework through outsourcing accounts preparation and tax compliance to external experts and legal matters where required to external experts.

In the context of the audit, we considered those laws and regulations which determine the form and context of the financial statements, which are central to the company's ability to conduct its business and where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the company:

- The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements; and

- UK taxation law.

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement including how fraud might occur.

The areas identified in this discussion were:

- Manipulation of financial statement, via fraudulent journal entries; and

- The results of the impairment review of the freehold properties.

These areas were communicated to the other members of the engagement team not present at the discussion.

The procedures we carried out to gain evidence in the above areas included:

- Assessing and challenging management key accounting estimates by evaluating the significant assumptions and the choice of data used, this includes the review of the value of the properties;

- Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; and

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify and recognise irregularities.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Report of the Independent Auditors to the Members of

Frank King Holdings Limited

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.

David Fort FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

Pall Mall

1 Pollen Square

59 King Street

Manchester

M2 4PD

22 June 2026

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Income Statement

for the Period 1 February 2025 to 30 January 2026

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

| Notes | £ | £ |

Turnover | 219,131 |  | 206,106 |  |

Administrative expenses | (179,510 | ) | (94,130 | ) |

Operating profit | 5 | 39,621 |  | 111,976 |  |

Income from shares in group undertakings | 990,523 |  | 408,009 |  |

Income from participating interests | 100,000 |  | 100,000 |  |

Interest receivable and similar income | 722 |  | 128 |  |

1,130,866 |  | 620,113 |  |

Interest payable and similar expenses | 6 | (88,500 | ) | (75,985 | ) |

Profit before taxation | 1,042,366 |  | 544,128 |  |

Tax on profit | 7 | (24,734 | ) | (20,291 | ) |

Profit for the financial period | 1,017,632 |  | 523,837 |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Balance Sheet

30 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 9 | 2,563,426 |  | 3,266,612 |  |

Investments | 10 | 3,450,000 |  | 3,450,000 |  |

Investment property | 11 | - |  | 499,200 |  |

6,013,426 |  | 7,215,812 |  |

Current assets

Debtors | 12 | 4,927 |  | 33,041 |  |

Cash at bank | 1,860 |  | 5,090 |  |

6,787 |  | 38,131 |  |

Creditors

Amounts falling due within one year | 13 | 1,153,823 |  | 2,926,706 |  |

Net current liabilities | (1,147,036 | ) | (2,888,575 | ) |

Total assets less current liabilities | 4,866,390 |  | 4,327,237 |  |

Creditors

Amounts falling due after more than one year | 14 | (1,312,480 | ) | (841,058 | ) |

Provisions for liabilities | 17 | (5,622 | ) | - |  |

Net assets | 3,548,288 |  | 3,486,179 |  |

Capital and reserves

Called up share capital | 18 | 1,675,250 |  | 1,675,250 |  |

Retained earnings | 19 | 1,873,038 |  | 1,810,929 |  |

Shareholders' funds | 3,548,288 |  | 3,486,179 |  |

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

J Latham - Director

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Statement of Changes in Equity

for the Period 1 February 2025 to 30 January 2026

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 27 January 2024 | 1,675,250 |  | 1,695,101 |  | 3,370,351 |  |

Changes in equity

Dividends | - |  | (408,009 | ) | (408,009 | ) |

Total comprehensive income | - |  | 523,837 |  | 523,837 |  |

Balance at 31 January 2025 | 1,675,250 |  | 1,810,929 |  | 3,486,179 |  |

Changes in equity

Dividends | - |  | (955,523 | ) | (955,523 | ) |

Total comprehensive income | - |  | 1,017,632 |  | 1,017,632 |  |

Balance at 30 January 2026 | 1,675,250 |  | 1,873,038 |  | 3,548,288 |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements

for the Period 1 February 2025 to 30 January 2026

1. | Statutory information

| Frank King Holdings 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.

| Reporting period

| The company draws its balance sheet to the closest Friday to the accounting reference date of 30 January. The current accounting period is a long period of 364 days. The comparative amounts presented in the financial statements are not entirely comparable.

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.

| Going concern

| The financial statements have been prepared on a going concern basis due to ongoing support from a fellow group entity.

| 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 33.7.

| Preparation of consolidated financial statements

| The financial statements contain information about Frank King Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Frank King Group Limited, 69 Queen Street, Wigan, England, WN3 4HX.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| Impairment assessment

| As assessment has been conducted as to whether an impairment exists. The higher of the fair value less costs to sell and the value in use has been assessed against the carrying amounts of the assets. It was determined that there is no impairment in the current year due to the current market data for similar properties being greater than the carrying amount of the assets.

| Turnover

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

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

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.

| Freehold property | - | 2% straight line

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs include the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Fixed asset investments

| Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot be otherwise measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

3. | Accounting policies - continued

| Financial instruments

| 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 group becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset and 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.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

| Other financial liabilities

| Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

| Debt instruments that do not meet the condition in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

3. | Accounting policies - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period 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.

4. | Employees and directors

| There were no staff costs for the period ended 30 January 2026 nor for the period ended 31 January 2025.

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

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

| Senior management | 4 |  | 4 |  |

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

£ | £ |

| Directors' remuneration | - |  | - |  |

5. | Operating profit

| The operating profit is stated after charging:

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

£ | £ |

| Depreciation - owned assets | 60,291 |  | 22,019 |  |

| Loss on disposal of fixed assets | 45,219 |  | - |  |

| Auditors' remuneration | 9,200 |  | 6,500 |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

6. | Interest payable and similar expenses |

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

£ | £ |

| Bank interest | 88,500 |  | 75,985 |  |

7. | Taxation

| Analysis of the tax charge

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

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

£ | £ |

| Current tax:

| UK corporation tax | 19,112 |  | 20,291 |  |

| Deferred tax | 5,622 |  | - |  |

| Tax on profit | 24,734 |  | 20,291 |  |

| UK corporation tax has been charged at 25% .

| Reconciliation of total tax charge included in profit and loss

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

| Period |  | Period

| 1/2/25 |  | 27/1/24

| to |  | to

| 30/1/26 |  | 31/1/25

£ | £ |

| Profit before tax | 1,042,366 |  | 544,128 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%) | 260,592 |  | 136,032 |  |

| Effects of:

| Expenses not deductible for tax purposes | 21,793 |  | 6,377 |  |

| Income not taxable for tax purposes | (272,631 | ) | (127,002 | ) |

| Depreciation in excess of capital allowances | 9,452 |  | 5,505 |  |

| Marginal relief | (94 | ) | (621 | ) |

| Deferred tax | 5,622 |  | - |  |

| Total tax charge | 24,734 |  | 20,291 |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

8. | Dividends

|  | Period |  | Period |  |

|  | 1/2/25 |  | 27/1/24 |  |

|  | to |  | to |  |

|  | 30/1/26 |  | 31/1/25 |  |

| £ |  | £ |  |

| Final paid |  |  | 955,523 |  | 408,009 |  |

9. | Tangible fixed assets

| Freehold

| property

£ |

| Cost

| At 1 February 2025 | 3,407,957 |  |

| Additions | 78,124 |  |

| Disposals | (808,292 | ) |

| At 30 January 2026 | 2,677,789 |  |

| Depreciation

| At 1 February 2025 | 141,345 |  |

| Charge for period | 60,291 |  |

| Eliminated on disposal | (87,273 | ) |

| At 30 January 2026 | 114,363 |  |

| Net book value

| At 30 January 2026 | 2,563,426 |  |

| At 31 January 2025 | 3,266,612 |  |

10. | Fixed asset investments

| Shares in |  | Interest |

| group |  | in joint |

| undertakings |  | venture |  | Totals

£ | £ | £ |

| Cost

| At 1 February 2025

| and 30 January 2026 | 3,350,000 |  | 100,000 |  | 3,450,000 |  |

| Net book value

| At 30 January 2026 | 3,350,000 |  | 100,000 |  | 3,450,000 |  |

| At 31 January 2025 | 3,350,000 |  | 100,000 |  | 3,450,000 |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

10. | Fixed asset investments - continued

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

| Joint venture

| Barcino Meats Limited

| Registered office:

| Nature of business: 69 Queen Street, Wigan, WN3 4HX

| %

| Class of shares: | holding |

| Ordinary | 50.00 |

2026 | 2025 |

£ | £ |

| Aggregate capital and reserves | 1,286,090 |  | 1,032,684 |  |

| Profit for the period | 453,406 |  | 501,651 |  |

11. | Investment property

| Total

£ |

| Fair value

| At 1 February 2025 | 499,200 |  |

| Disposals | (499,200 | ) |

| At 30 January 2026 | - |  |

| Net book value

| At 30 January 2026 | - |  |

| At 31 January 2025 | 499,200 |  |

12. | Debtors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Trade debtors | - |  | 9,600 |  |

| Other debtors | 250 |  | 250 |  |

| VAT | 4,633 |  | 22,668 |  |

| Prepayments and accrued income | 44 |  | 523 |  |

4,927 |  | 33,041 |  |

13. | Creditors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts (see note 15) | 105,803 |  | 1,372,542 |  |

| Trade creditors | 9,513 |  | 17 |  |

| Amounts owed to group undertakings | 1,004,926 |  | 1,471,595 |  |

| Corporation tax | 19,112 |  | 20,234 |  |

| Other creditors | 1,085 |  | - |  |

| Accruals and deferred income | 13,384 |  | 62,318 |  |

1,153,823 |  | 2,926,706 |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

14. | Creditors: amounts falling due after more than one year |

2026 | 2025 |

£ | £ |

| Bank loans (see note 15) | 1,312,480 |  | 841,058 |  |

15. | Loans

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

2026 | 2025 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 105,803 |  | 1,372,542 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 110,588 |  | 79,610 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 362,903 |  | 258,618 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 838,989 |  | 502,830 |  |

| The company's loan is secured by fixed and floating charges over the company's assets.

| The details of the loans due after 5 years are as follows.

| The company has a base plus 3.12% fixed rate loan repayable by December 2035, a variable loan with interest rate 2.1% above the the base rate repayable by November 2032 and a base rate plus 2.25% fixed rate loan repayable by June 2040.

16. | Secured debts

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank loans | 1,418,283 |  | 2,213,600 |  |

| Bank loans are secured by a Fixed and Floating charge over the company's assets.

17. | Provisions for liabilities

2026 | 2025 |

£ | £ |

| Deferred tax | 5,622 |  | - |  |

FRANK KING HOLDINGS LIMITED (REGISTERED NUMBER: 11144669) |

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 30 January 2026

17. | Provisions for liabilities - continued

| Deferred |

| tax |

£ |

| Charge to Income Statement during period | 5,622 |  |

| Balance at 30 January 2026 | 5,622 |  |

18. | Called up share capital

| Allotted and issued: |  |

| Number: |  | Class: |  | Nominal |  | 2026 |  | 2025 |  |

|  | value: |  | £ |  | £ |  |

| 41,881,250 |  | Ordinary B |  | £0.01 |  | 418,812.50 |  | 418,812.50 |  |

| 41,881,250 |  | Ordinary C |  | £0.01 |  | 418,812.50 |  | 418,812.50 |  |

| 41,881,250 |  | Ordinary D |  | £0.01 |  | 418,812.50 |  | 418,812.50 |  |

| 41,881,250 |  | Ordinary E |  | £0.01 |  | 418,812.50 |  | 418,812.50 |  |

|  | 1,675,250 |  | 1,675,250 |  |

| All shares have full voting rights, full rights to participate in a distribution of income and capital and are non-redeemable.

19. | Reserves

| Retained

| earnings

£ |

| At 1 February 2025 | 1,810,929 |  |

| Profit for the period | 1,017,632 |  |

| Dividends | (955,523 | ) |

| At 30 January 2026 | 1,873,038 |  |

| The retained earnings account includes all current and prior period retained profits and losses.

20. | Other financial commitments

| HSBC Bank PLC hold an unlimited multilateral guarantee dated 23 January 2018 between Frank King (Wigan) Limited, Value Meats Limited, Frank King Holdings Limited and Frank King Group Limited. The company liability in respect of the guarantee is £2,329,648 (2025: £1,076,032).

21. | Related party disclosures

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

22. | Ultimate controlling party

| The parent company is Frank King Group Limited. The directors consider the ultimate parent company to be Frank King Group Limited, which is the only group undertaking that prepared group accounts including the financial statements of the company.

| The company is ultimately controlled by the directors of Frank King Group Limited.